On Monday, Changpeng Zhao of Binance took to Twitter to talk about the failed FTX bailout and what the crypto industry can expect next.
Cryptocurrency exchange Binance was victims of what the CEO called a well orchestrated large scale security breach; more than $40mn...
The web of investment bank technology, there are 20 or more core vendors on which systems run. Adding Blockchain to the mix merely adds a 21st system, which is by design incompatible with everything else. Thus enterprise chain projects have been focusing on integration and proofs of concepts, not re-engineering the core. But we know how this plays out -- as it has over and over again across Fintech. Digitizing "unimportant" channels and hoping for them to succeed simply doesn't work. See JP Morgan giving up on Finn, or Northern Trust capitulating its pioneering idea into Broadridge, or any other number of examples from Bloomberg to LPL Financial. Even the struggles of Digital Asset could be used as an example of the danger of working oneself into an existing web of solutions, and trying to preserve their dependencies.
Pat White, the founder of crypto enterprise startup Bitwave, said programmable money and its infrastructure will change traditional institutions.
In the SEC's suit against Binance, the regulator goes far beyond the "unregistered securities" take - but still lack the community's trust.
In this conversation, we go through the essentials of Decentralized Finance with Kerman Kohli, who is a serial entrepreneur and the writer of the DeFi Weekly newsletter. We discuss the mechanics of issuing stablecoins, decentralized lending, decentralized exchange, automated market makers, and the increasing complexity of synthetic assets that have grown the sector to nearly $7 billion in August of 2020.
One day after dropping 13 counts against Binance, the largest crypto exchange worldwide, the SEC set its sights on Coinbase.
The SEC filed 13 charges against Binance and CEO Changpeng Zhao, in the latest in a series of painful stories about the embattled fintech.
Binance, as a surprise to no one, finds themselves the subject of a Reuters exclusive alleging they commingled customer funds with corporate accounts.
Binance, one of the largest crypto exchanges in the world, is teaming up with Cred to offer cryptocurrency backed lending...