$93,763.00
0.74%$1,802.76
3.01%$2.23
0.77%$606.65
-1.14%$151.51
1.71%$0.999892
-0.01%$0.178935
0.75%$0.699928
2.78%$0.246425
-0.41%$1,801.73
3.17%$93,656.00
0.83%$2.98
11.05%$15.09
7.47%$22.49
1.63%$9.12
0.96%$0.26767
0.81%$3.19
3.71%$0.00001352
0.14%$2,160.98
2.97%$0.180604
-0.42%$0.999896
0.01%$358.37
-1.26%$83.39
-0.30%$4.10
2.17%$18.65
-2.00%$4.51
-1.37%$1.001
0.12%$1,800.07
2.97%$0.99959
-0.01%$0.664873
2.74%$230.29
2.35%$28.66
0.72%$1,918.64
3.00%$93,743.00
0.81%$0.00000886
1.00%$6.08
5.09%$5.38
2.05%$52.05
-0.64%$2.49
3.65%$341.66
2.20%$0.919334
0.42%$23.54
-0.44%$14.18
54.48%$5.18
2.62%$32.55
-0.72%$16.83
0.93%$168.07
6.78%$1.00
0.00%$1.049
0.03%$0.090643
-0.06%$0.095663
-0.82%$0.706099
1.75%$4.49
-0.04%$0.02617655
2.85%$1.17
0.06%$4.43
2.80%$93,459.00
1.06%$0.221187
0.68%$0.340747
6.38%$2.79
3.40%$0.21443
2.78%$4.23
0.02%$2.78
0.43%$0.513765
1.34%$0.623987
-1.66%$0.339739
5.29%$0.998553
-0.27%$4.14
1.32%$93,781.00
1.22%$10.36
2.05%$0.454988
3.54%$0.77241
4.67%$158.64
1.20%$1,488.85
2.94%$0.075873
0.38%$0.776719
-3.22%$0.00001497
0.44%$0.867025
3.90%$1.10
1.01%$1,802.70
3.04%$1.088
-2.97%$0.590674
7.56%$72.40
5.85%$1,874.34
2.91%$0.01656565
-0.07%$0.67847
1.14%$3.76
5.30%$0.195023
3.55%$1.00
-0.11%$9.56
2.63%$0.090796
1.71%$0.999791
-0.01%$2,028.36
2.99%$0.653723
-4.83%$1.00
0.07%$0.0170626
13.51%$3,328.38
-0.87%$607.13
-1.03%$14.22
-7.69%$1.00
-0.02%$92,467.00
0.59%$3,329.47
-0.70%$166.97
1.68%$194.81
1.88%$2.61
-0.45%$0.01714962
2.27%$93,688.00
0.72%$0.817124
4.76%$0.298409
1.70%$0.195393
4.89%$1,916.22
2.98%$0.02094376
10.50%$0.691126
1.58%$0.117229
-1.23%$0.00007007
7.63%$0.998017
0.03%$3.65
-5.79%$0.65799
-2.14%$0.512641
9.34%$0.00000064
1.40%$2.03
1.24%$94,492.00
1.27%$0.999932
0.07%$0.396638
1.52%$30.82
0.02%$0.246297
5.41%$0.316629
1.65%$1.10
-0.87%$1.82
-3.09%$1,881.86
2.89%$17.17
5.84%$0.540162
0.75%$0.15291
2.48%$34.33
3.74%$0.055124
23.83%$0.542149
8.61%$0.00588403
-8.05%$3.31
-4.06%$0.539972
-2.30%$0.647167
2.50%$0.998237
-0.01%$91,342.00
1.10%$94,807.00
-0.24%$0.00848617
-4.53%$0.517986
-0.58%$0.067393
0.63%$0.442619
1.11%$0.733612
7.20%$93,787.00
0.82%$1.72
2.48%$0.999892
-0.01%$0.178728
0.66%$1.30
-0.67%$2.18
11.11%$1,862.07
4.85%$0.179569
-0.06%$0.15237
6.16%$0.999909
-0.01%$15.44
2.61%$0.00002189
-0.49%$6.08
3.84%$93,447.00
0.92%$110.80
0.01%$1,798.45
2.97%$6.46
7.53%$0.00000043
-0.54%$0.526908
16.23%$0.00663931
-6.56%$0.516887
5.16%$1.084
0.03%$0.999514
-0.08%$2.52
2.27%$0.078926
2.65%$3.64
-0.91%$0.04119804
2.42%$1,801.92
2.97%$1,801.92
2.92%$1,920.06
3.25%$43.19
1.43%$0.32852
8.69%$0.22158
0.49%$1.00
-0.02%$0.082033
1.95%$0.00712118
4.75%$1,801.65
2.94%$1.00
0.07%$0.178656
1.14%$21.71
-0.45%$0.00006463
2.64%$1.002
0.25%$0.0041589
0.50%$0.562998
-1.43%$0.827342
0.59%$0.01735785
0.56%$0.334805
-0.16%$1,840.80
3.18%$0.0000016
10.57%$1.001
0.08%$0.999758
-0.01%$0.119473
2.00%$0.03162728
0.05%$0.00449896
48.37%$0.329146
2.79%$2.76
1.84%$1.23
6.19%$93,611.00
0.95%$0.669021
9.23%$27.06
4.00%$0.65649
5.73%$114.43
1.58%$0.240294
2.45%$0.999727
-0.01%$0.691436
3.59%$3.59
-0.25%$0.139253
-0.96%$93,811.00
1.66%$1,779.85
2.94%$0.999605
0.06%$0.280503
2.28%$2.90
3.69%$22.41
1.44%$0.272344
-0.04%$3,188.06
0.03%$1.12
12.31%$1,908.99
3.35%$0.18986
2.98%$0.113741
1.87%$1,801.82
2.99%$0.03730592
0.60%$0.513507
1.75%$0.02983676
3.31%$15.44
5.62%$0.0127744
0.91%$22.49
1.85%$1,882.18
0.80%$0.443154
2.00%$0.734987
2.51%$0.952194
4.25%$0.248236
7.96%$0.00273192
-1.43%$0.999713
-0.02%$1,977.08
3.04%$0.00
5.17%$1,956.54
2.93%$18.66
-1.98%$0.00266362
3.66%$2.24
1.20%$0.999947
0.02%Reading
As the collapse of the crypto exchange FTX shakes faith in the industry’s centralized players, Telegram is stepping in to build trustless and decentralized alternatives.
In his Telegram channel on Wednesday, Pavel Durov—the messaging platform’s founder and CEO—announced that the company would begin building “non-custodial wallets” and “decentralized exchanges” that would let millions of users safely trade their crypto.
“This way we can fix the wrongs caused by the excessive centralization, which let down hundreds of thousands of cryptocurrency users,” said Durov.
The executive argued that the project should be more than feasible: the development of Fragment, Telegram’s decentralized auction platform, “took only 5 weeks and 5 people, including myself,” according to Durov.
The marketplace, which launched last month, has already raked in $50 million worth of Toncoin by selling tokenized usernames on the blockchain. It operates over The Open Network (TON)—the spiritual successor of Telegram’s former blockchain ambitions that were squashed by the SEC years ago.
Rallying the developer community, Durov called for steering the industry back towards decentralized applications and away from having to trust third parties. Reliance on centralized entities, he said, caused many to lose their money in FTX’s bankruptcy at “the hands of a few who began to abuse their power.”
FTX has been accused of mismanaging client funds by lending them out to its sister trading desk Alameda Research—a no-no for firms in the exchange business. Other exchanges are now scrambling to implement better checks and balances at their firms, including proof of reserves systems that attempt to verify possession of client funds on-chain.
In less than a week, one of the largest and most trusted crypto exchanges went up in flames, along with its crypto celebrity founder and CEO Sam Bankman-Fried. Dan Roberts, Stacy Elliott, and Kate Irwin from the gm podcast walk you through exactly how it happened, what it means for you, their own takes on the most interesting subplots, and what we can learn from it all. Plus: We review some comments SBF and CZ made on this podcast that look remarkable in hindsight. Watch and make sure to subscribe to the gm podcast on Apple or Spotify.
Cardano founder Charles Hoskinson echoed Durov’s same argument regarding FTX at the Financial Times Crypto and Digital Assets Summit on Wednesday.
“The failures we’re having aren’t failures of protocols, aren’t failures of DeFi,” Hoskinson said. “They’re failures of trust, they’re failures of regulation, they’re failures of people.”
Crypto users appear to feel the same. JP Morgan analysts observed a “severe” draining of funds from other centralized exchanges after FTX filed for bankruptcy, including Gemini, OKX and Crypto.com.
FTX’s collapse has also triggered a crypto contagion affecting numerous centralized crypto lending firms. BlockFi has already filed for bankruptcy, while other trading desks like Genesis have frozen withdrawals.
Investment banking firm Benchmark rated Coinbase a buy, penciling in a price target of $252 while initiating coverage of the crypto exchange in a Wednesday note that highlighted how “game-changing” legislation has buoyed the crypto industry. Coinbase was trading at $198, up more than 4%, early afternoon Wednesday, according to Yahoo Finance. Year-to-date, shares have slid 20%. Benchmark analysts believe that Coinbase is well positioned to benefit from a stablecoin bill that would provide a path...
In a team-up of crypto and TradFi giants, Tether, Bitfinex, Cantor Fitzgerald, and SoftBank Group announced Wednesday that they will team up to launch Twenty One, a publicly traded, Bitcoin-centric company that plans to launch with a treasury of more than 42,000 BTC—or about $3.9 billion worth. Tether and Bitfinex will be majority owners, with a minority stake owned by investment holding firm SoftBank. Twenty One will be launched through a planned SPAC merger with Cantor Equity Partners, which t...
Richard Heart says he has "defeated the SEC completely" after the U.S. regulator abandoned its fraud lawsuit against him. The crypto entrepreneur—who founded HEX, PulseChain and PulseX—had been accused of selling unregistered securities and misleading investors. US Court Dismisses SEC Case Against Richard Heart, Hex A federal judge dismissed the case in February after concluding that the SEC had failed to prove Heart's statements specifically targeted American consumers. The regulator was given...
