Four key takeaways from the fiasco of FTX
    21 Nov 2022

    The real reason why the FTX failure hits so hard is not that the crypto industry was duped but because it proved that the industry was vulnerable to being duped – Sam Kessler explains on CoinDesk. Depending upon whom you ask, last week’s FTX blowup feels bigger than when Mt. Gox, the original Bitcoin exchange,…

    Crypto Trends Weekly – Nov. 5–11
    21 Nov 2022

    Breaking crypto news from the last week (Nov. 12–18, 2022): Nov. 12: Over $400 million outflow crypto exchange FTX and Alameda wallets. FTX confirmed that there was “unauthorized access” to crypto it is holding following a reported hack. However, Reuters reported that FTX CEO Sam Bankman-Fried built a “backdoor” to his exchange in an effort…

    Grayscale won’t share proof of reserves, while Coinbase vouches for its products
    21 Nov 2022

    Grayscale Investments won’t show proof of reserves, citing “security concerns” after Bitcoin and Ether products fall to new all-time lows. Meanwhile, Coinbase testified to the security of Grayscale’s digital assets products held in Coinbase Custody, the WSJ reported. Crypto firms are under pressure now to share information about the health of their reserves after FTX…