Analysis Crypto by Thebittimes.Com

In a conversation with Finbold, Matvii Diadkov, founder of Bit media .IO— a crypto advertising network established in 2014—shares his expert perspective on crypto marketing as we forge into 2024.  Diadkov touches on effective strategies for navigating the world of crypto marketing, the future of Web3, and the critical milestones for success in this rapidly growing sector.  Briefly introduce yourself as the founder of Bitmedia and provide a few words about this company. Which additional projects do you run? Picks for you Trader who championed Bitcoin at $1 in 2013 has eye on this new AI project 44 mins ago Ripple sell-off alert: 200 million XRP for April’s reserves 1 hour ago 5 factors that could send XRP to $1 1 hour ago DOGE’s first bullish monthly supertrend close since 2021 signals stratospheric surge 2 hours ago Bitmedia was one of the few pioneering crypto advertising networks, founded in 2014, long before crypto and Bitcoin became mains...

FTX’s founder stuck to his guns on who to blame for Alameda’s spending and use of customer funds during the third day of his testimony in United States v Sam Bankman-Fried. Day 15 and Sam Bankman-Fried’s third day on the stand displayed numerous questions from assistant United States attorneys. Simultaneously, the FTX founder ’s lawyers’ direct examination elicited answers that all but blamed Caroline Ellison for Alameda Research’s unchecked use of FTX customer crypto and assets. Bankman-Fried said Ellison, ex-CEO of Alameda, admitted to subpar hedging at the crypto trading firm and tendered her resignation. Eventually, the pair moved forward with running FTX and its sister firm Alameda with the intention of repairing the businesses.  In September, I asked her again about hedging. I asked what the scale was. She gave me some numbers. I told her I was glad but that it should be a bigger number, at least twice as much. She also sent me some spreadsheets. Sam Bankman...

Jaynti Kanani said he had stepped back “from the day-to-day grind” at Polygon roughly six months ago. Jaynti Kanani, the co- founder of Polygon, announced that he has stepped back “from the day-to-day grind” on the project for the first time in six years. In an Oct. 4 X (formerly Twitter) thread, Kanani said he planned to focus “on new adventures” while contributing to Polygon “from the sidelines”. He, along with software engineers including Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic helped found the Matic network in 2017, which was later rebranded to Polygon. “Man this makes me emotional,” said Nailwal in response to the announcement. “What a ride we've had together brother. But its just the start for Polygon, i wish we could've done more for longer together in this crazy journey that is Polygon. But hey, you got to do what you got to do.” After kickstarting Polygon in 2017, around 6 months back, I decided to step back from the day-to-day grind. I'm more confiden...

Block.one owes much more to EOS investors than just $22 million after the $4-billion ICO, EOS Network Foundation CEO Yves La Rose believes. The latest legal action against Block.one (B1), the creator and original seller of EOS (EOS), could potentially help plaintiffs get higher compensation, according to EOS Network Foundation (ENF) founder and CEO Yves La Rose. On July 25, La Rose officially announced that ENF is preparing a lawsuit against Block.one for its failure to follow through on its $1-billion following its $4.1-billion raise in 2018. The CEO argued that Block.one’s broken promises to invest $1 billion caused major issues for the EOS community and promised to hold the firm accountable. As many investors have already been part of another class action against Block.one, a number of those might need to opt out of their current lawsuits, La Rose said. “They would do that if they aren’t satisfied with the current settlement offer and believe their interests are better suited by o...

Source: AdobeStock / Netfalls Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________ Legal news The US Securities and Exchange Commission (SEC) is seeking details about FTX investors' due diligence, Reuters reported, citing two sources familiar with the inquiry. The regulator is asking financial firms what diligence policies and procedures they have in place, if any, and whether they followed them when choosing to invest in FTX, the sources said. Bankrupt crypto lender Celsius Network co-founder Alex Mashinsky was sued in the US by New York Attorney General Letitia James, alleging that Mashinsky defrauded investors out of billions of dollars of digital currency, the Wall Street Journal reported. The lawsuit alleges that the former chief executive made false statements to investors about the soundness of Celsius’s financial condition, and th...

The FTX collapse sent shockwaves through the entire crypto industry. Very few people saw the signs, and even fewer expected such a big exchange to collapse so suddenly. The whole incident proved just how important it is to keep tokens in self-custody. Dogecoin (DOGE) creator, Billy Marcus, took to Twitter and explained what would happen if the world’s largest exchange, Binance, or stablecoin Tether, were to collapse. So much so that Twitter founder Jack Dorsey agreed with Markus. The Dogecoin creator said that the collapse of Binance or Tether, the largest stablecoin by market cap, would mean “game over.” However, Markus does clarify that “game over” does not mean that crypto would die. It would mean a “big mega mondo market crash.” Crypto, Markus says, “would still be the exact same thing – a decentralized ledger and way to send coins around.” to anyone worrying about binance and/or tether collapsing, if either does i...