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…
The fall of FTX highlighted the importance of proof of reserves in averting risks and improving investor confidence, urging leading crypto exchanges to publicly list down their cold and hot wallet addresses. When…
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Mining helps verify the legitimacy of transactions conducted via a blockchain network such as the Bitcoin blockchain. Miners can start mining cryptocurrencies using hardware like a central processing unit (CPU) or application-specific integrated…
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