ERC20 Official Crypto channel

2022-12-27 13:08:11 Fresh crypto rate! When there already «to the moon»? Open / Comment

2022-12-26 21:40:15 Sam Bankman-Fried and Elon Musk named the worst tech CEOs of 2022

FTX founder Sam Bankman-Fried (SBF) has received the highest score on The Guardian's list of the worst tech CEOs of 2022.

The publication awarded SBF 10 out of 10 due to the collapse of FTX. Earlier, US prosecutors charged him with eight criminal offenses, and lawsuits were also filed by the SEC and the CFTC.

Elon Musk was also on the list - the newspaper awarded him 7 out of 10 points. On October 28, the billionaire closed a deal to buy Twitter for $44 billion. Later, he fired the social network's ethical AI team and implemented a new content moderation policy, which caused dissatisfaction among users.

Journalists named Mark Zuckerberg as another worst leader. They recalled the interest of the head of Meta in the metaverse and the February failure - after the publication of the report for the fourth quarter, the corporation lost almost 25% of its capitalization. Open / Comment

2022-12-26 18:32:33 CryptoCompare: FTX default will continue to affect the industry in 2023

The exchange was financially connected with a large number of companies, therefore, according to experts, in 2023 we will see more bankruptcies.

Nevertheless, the situation with FTX, analysts write, will definitely push crypto companies to work on the sustainability of their business. Therefore, next year more attention will be paid to projects and protocols that will offer effective ways to save money.

Of course, they say in CryptoCompare, it will not do without strict regulation - supervisory authorities will seek to protect investors. Perhaps the development of global rules for the industry will go far. Analysts believe that the rules will become more effective if they separate centralized and decentralized projects - after all, most of the failed companies belonged to the first category. Open / Comment

2022-12-25 20:45:06 Open / Comment

2022-12-25 19:55:56 Record burning did not lead to an increase in the cost of SHIB tokens

On Saturday, December 24, the Shibburn tracker recorded a 642% increase in the number of destroyed tokens. More than 28 million SHIBs were burned that day. However, the price of the digital coin, according to the Bitfinex exchange, increased by only 0.73%. This is explained by the fact that although 28 million is a large figure, it is about $233 in fiat money, which did not have a strong effect on a cryptocurrency with a capitalization of more than $4.5 billion.

On Sunday, December 25, the situation repeated itself - about $30 million of SHIB tokens were burned, and the price fell by a little less than 0.5%. U.Today analysts drew attention to the lack of growth in the value of the token during the record liquidation of coins.

Despite this, Shiba inu is still an extremely popular meme-coin among Internet users and even ranks among the top 5 cryptocurrencies in terms of the number of search queries. Open / Comment

2022-12-25 19:45:49 Open / Comment

2022-12-25 18:06:53 Stephen Cecchetti: Cryptocurrency Market Resembles Online Game World of Warcraft

Brandeis University of Massachusetts International School of Business Stephen Cecchetti compares the cryptocurrency market with World of Warcraft, an online game popular with millions of users.

“The strongest argument, I think, against regulation is the discussion of legitimacy. The cryptocurrency market has nothing to do with the real economy and rather develops in parallel with traditional financial institutions,” the scientist said at a crypto debate held by Brookings University.

According to the expert, the industry resembles the system in the World of Warcraft online RPG, where there are about 120 million players and their own economy. Cecchetti points out that the positive thing about World of Warcraft's in-game economy is that there is no financial regulator. No one, including the developers and publishers of the game, would want any additional oversight of the players. Open / Comment

2022-12-25 15:17:32 Jim Cramer urges regulators to do a 'big cleanup' of the crypto industry

The US Securities and Exchange Commission (SEC) should tighten the regulation of cryptocurrency companies and conduct a “big sweep” of the industry. This was stated by the former manager of the hedge fund Cramer & Co. and Mad Money show host Jim Kramer.

Kramer urged the SEC to intensify its efforts to prosecute unscrupulous players in the cryptocurrency market. In his opinion, this is how you can protect investors and prevent illegal enrichment of scammers.

“I think they need to do a big cleanup. They have to stop people creating money out of thin air,” he added. Open / Comment

2022-12-24 22:48:08 North Korean hackers have stolen $1.2 billion in cryptocurrencies since 2017

North Korean-linked hacker groups stole $626 million worth of cryptocurrencies in 2022, according to South Korean intelligence, and $1.2 billion worth of assets have been stolen in attacks since 2017.

In their report, the intelligence officers emphasized that since 2017, $78 million worth of assets have been stolen from the cryptocurrency platforms of South Korea. At the same time, thanks to the constant work to tighten control over companies, in 2022, North Korean hackers never managed to steal cryptocurrencies from South Korean users.

“In South Korea, transactions with virtual assets began to be signed with real user names, and security was also strengthened. Therefore, we have no damage,” said an intelligence (NIS) spokesman in an interview with local newspaper Kyunghyang Shinmun. Open / Comment

2022-12-24 22:08:39 Caroline Ellison: "Sam and I deliberately defrauded FTX and Alameda creditors"

During a public hearing in federal court in Manhattan, Caroline Ellison said that she understood the wrongness and illegality of her actions. Sam Bankman-Fried has previously stated on multiple occasions that he was unaware of the significant cash gap caused by Alameda's lending. But Allison completely denied his words:

“I knew that from 2019 to 2022, Alameda had access to the FTX line of credit. In practice, this arrangement allowed Alameda to leverage indefinitely, without the need for collateral, negative balances, and margin requirements on FTX.com's liquidation protocols,” said Alameda's former CEO. Open / Comment