At least two crypto exchanges, Binance and Huobi, have blocked the deposits of FTT after 192 million tokens were released into circulation, contrary to the schedule. FTT tokens are usually released in batches…
Given the wider macroeconomic issues, it’s a little surprising that decentralized finance (DeFi) is not yet as widely accepted as it should be. The issue is an educational one, as the benefits of…
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The prominent bitcoin bull – Michael Saylor – opined that the FTX crisis will have certain benefits on bitcoin. In his view, the turbulence will eliminate thousands of useless digital assets while the…
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Illustration by Mitchell Preffer for Decrypt This week, the crypto industry witnessed one of the most sudden and devastating contractions of wealth in financial history. Sam Bankman-Fried’s $16 billion empire—which was built up…