Crypto

Coinsquare, one of Canada’s largest cryptocurrency exchanges, may have been breached, but the company claims customer assets are “secure in cold storage and are not at risk.”  The exchange, which touts itself as “Canada’s trusted platform to securely buy, sell and trade Bitcoin, Ethereum, and more,” emailed customers Friday to Read more…

The Reserve Bank of India’s first pilot for a retail e-rupee, its version of the central bank digital currency (CBDC), will be launched on Dec. 1, it said in a statement on Tuesday. The pilot will cover select locations in a closed user group comprising participating customers and merchants, the Read more…

Are we missing some clarifying details in the saga of Sam Bankman-Fried? The New York Post seems to think so, writing among other things, that inside a glamorous Bahamas penthouse, 10 roommates became “a group of financial renegades that dropped speed, blithely swapped in and out of relationships with one Read more…

A new working paper by Matthew Ferranti — a fifth-year PhD candidate in Harvard’s economics department and advisee of Ken Rogoff, a former economist at the IMF and the Federal Reserve Board of Governors who is now a Harvard professor — has caused a minor splash. From a report: In Read more…

The mainstream coverage of SBF and FTX is more than a little blase… SBF was heavily involved in Democratic Party politics: In the 2022 election cycle, he was the second most prolific funder of Democratic candidates. But he wasn’t just a funder of electoral efforts. He funded both progressive and Read more…

Most addresses holding bitcoin (BTC), the largest cryptocurrency, are now in the red, the first time that’s happened since the start of the coronavirus-induced crash of March 2020. Just over 51%, or 24.6 million addresses of the total 47.9 million, are below purchase price on their investments, according to data Read more…