Former Fed chief questions Bitcoin’s prospects as an alternative to fiat
The appeal of Bitcoin and other cryptocurrencies lies in their being "successful as a speculative asset," said former U.S. Federal Reserve chair Ben Bernanke.Experts and thought leaders on the digital economy and cryptocurrency market.
Former Fed chief questions Bitcoin’s prospects as an alternative to fiat
The appeal of Bitcoin and other cryptocurrencies lies in their being "successful as a speculative asset," said former U.S. Federal Reserve chair Ben Bernanke.
Bill Ackman calls Terra a crypto pyramid
The Terra collapse resembles the collapse of a financial pyramid, said Bill Ackman, CEO and founder of Pershing Square Capital Management.
Forbes dubbed the UST and LUNA collapse the crypto market’s fifth reboot.
The Terra ecosystem collapse can be likened to the Mt.Gox bankruptcy, the The DAO attack, the ICO bubble burst, and the crypto market crash in March 2020. Forbes writes.
Andreessen Horowitz: The cryptocurrency market is a driver of innovation
Cryptocurrencies can be volatile and chaotic, but they reflect the continuation of the industry’s sustainable long-term growth, which sits in the middle of the fourth price-innovation cycle. This is what the analysts at Andreessen Horowitz (a16z) write.
Vitalik Buterin urges Terra to prioritise compensation for small investors
The plan to reimburse funds lost in the Terra collapse should prioritise small investors. This view was expressed by Ethereum co-founder Vitalik Buterin.
Three Arrows Capital co-founder compared the UST crash to The DAO hack.
Co-founder Zhu Su of Three Arrows Capital, who previously invested in the LUNA token, commented on the collapse of the Terra ecosystem and the algorithmic stablecoin UST.
Regulators to create a global supervisory body for the Bitcoin industry
Next year, global regulators are likely to establish a joint body to better co-ordinate the rollout of rules for the cryptocurrency industry, said IOSCO chair Ashley Alder. Reuters reports.
Mark Cuban identifies the next growth driver for the bitcoin industry
Adoption of commercial smart contracts by companies will be a new catalyst for the blockchain and crypto industry, according to billionaire Mark Cuban.
Opinion: 91% of Anchor users slept through the UST incident
The withdrawal of $1.42 billion from the Anchor protocol on May 7 affected 11,400 addresses. These calculations were provided by SplitBrick DAO founder Pedro Ojeda.
Bitcoin could fall to zero, says crypto billionaire Brock Pierce
The first cryptocurrency can be very successful, but it can also crash, so betting solely on it is risky. This is the view of veteran Bitcoin investor and billionaire Brock Pierce in an interview with Fox Business.We use cookies to improve the quality of our service.
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