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Former Fed Chair Alan Greenspan: Crypto Is Too Dependent on ‘Greater Fool Theory’ to Be a Desirable Investment

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Former Federal Reserve Chairman Alan Greenspan says crypto is “too dependent on the ‘greater fool theory’ to be a desirable investment.” jedoch, he noted that the collapse of crypto exchange FTX was “purely fraud,” rather than the result of a feature…

JPMorgan: Krypto ist eine nicht vorhandene Anlageklasse für die meisten großen institutionellen Anleger

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A strategist at global investment bank JPMorgan says crypto is effectively nonexistent as an asset class for most large institutional investors. “The volatility is too high, the lack of an intrinsic return that you can point to makes it very challenging,”…

UNHCR Launches Blockchain Payment Solution to Support Ukrainians Displaced by War

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The United Nations High Commissioner for Refugees (UNHCR) recently said it has launched a blockchain payment solution for digital cash distribution to internally displaced persons (Vertriebene) in Ukraine. According to the agency, the use of the blockchain-based cash distribution system ensures…

New York Times, FT, Bloomberg Blasted for Attempting to Get FTX Creditors’ Names Unsealed

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Amid the ongoing FTX bankruptcy proceedings, court documents indicate that media firms such as Bloomberg, the New York Times (NYT), Dow Jones & Gesellschaft, and the Financial Times (FT) want the redacted information tied to FTX creditors unsealed. The media companies…

Jamie Dimon, CEO von JPMorgan Chase, vergleicht Krypto mit Pet Rocks – fordert mehr Regulierung

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JPMorgan Chase CEO Jamie Dimon says crypto tokens are like pet rocks. The executive also believes crypto regulation should be strengthened, Angabe: “The regulators who beat up on banks should maybe focus a little more on crypto.” JPMorgan Chase’s Jamie Dimon…

Der Bericht deutet darauf hin, dass die tokenisierten Aktien von FTX möglicherweise nicht gesichert wurden 1:1, Kunststoffe wurden möglicherweise verwendet, um echte Aktienkurse zu „manipulieren“.

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Am Dez. 4, 2022, a report details that FTX-based synthetic stocks may have been used to manipulate the value of AMC shares. Im Mai 2021, FTX offered 36 tokenized stocks but speculators believe it’s questionable whether or not the firm actually…

Prüfbericht: Genesis Owes Gemini Customers $900 Million, Exchange Is Attempting to Recoup Assets

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According to a recent report from the Financial Times (FT), Genesis Global Capital allegedly owes $900 million to Gemini customers. The exchange operated by Cameron and Tyler Winklevoss is attempting to recover the funds from Genesis, according to FT’s sources. Prüfbericht…

WEMIX Delisting: South Korean Crypto Exchange Upbit Accused of Instigating Token Removal

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According to the CEO of Wemade, Henry Chang, the South Korean cryptocurrency exchange Upbit was the brains behind the Digital Asset Exchange Joint Consultative Body (DAXA)’s decision to delist WEMIX. The Wemade CEO accused Upbit of applying different standards and of…

Prüfbericht: State Securities Regulators Probe Crypto Lender Genesis

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State securities regulators are reportedly investigating Genesis Global Capital in a broad range probe into the “interconnectedness of crypto firms,” Barron’s reported on Friday. The report notes that the Alabama Securities Commission is looking into whether or not cryptocurrency firms have…

Financial Guru Dave Ramsey Weighs in on FTX Collapse — Reiterates His Crypto Warning

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Personal finance guru Dave Ramsey has weighed in on the collapse of cryptocurrency exchange FTX. “I told you so,” he repeatedly said, reiterating his long-standing advice that investors should not put money into crypto. Dave Ramsey on Bitcoin, Krypto, und die…