FTX downfall was a turning point for citizen journalism: Coinbase CEO

Brian Armstrong, the CEO of Coinbase has applauded the efforts of crypto analysts and citizen journalists amid the fall of FTX.

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Big Crash Needed for Crypto to Go Mainstream, Says Kim Dotcom

Kim Dotcom acknowledges that a great market crash would facilitate the use of crypto as a common payment method instead of promoting speculation. (Read More)

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Experts Suggest Merely Tokens Might Survive after LUNA's Collapse

Major market players have explained the key to the future of cryptocurrencies. However, some of them suggest only merely tokens might survive after LUNA's event , taking reference to the bubble outbreak of Dot-Com's collapse. (Read More)

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Kenyan President Ruto Doubles Down on De-Dollarization Call — ‘We Just Want to Trade Much More Freely’

Kenyan President William Ruto has repeated his call on African countries to consider ditching the U.S. dollar when settling cross-border trades. The Kenyan leader claimed that the African continent already has a mechanism that enables the seamless settling of transactions between traders. Further, freedom advocate and entrepreneur Kimdotcom said as more countries reject the greenback [...]

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Kim Dotcom-Backed Crypto Startup Bitcache Liquidated in New Zealand

Bitcache, a crypto startup backed by Kim Dotcom, has been liquidated, reportedly over unpaid legal fees. Phil Creagh, an Auckland lawyer who acted as Bitcache’s director until Sept. 2020, is reported to have applied for the startup’s liquidation on May 24. Bitcache’s Unpaid Legal Fees A New Zealand-based crypto startup previously promoted by prominent crypto [...]

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FTX Unveils Reorganization Strategy, Proposing ‘Offshore Crypto Exchange’ and New Trust

In the midst of the bankruptcy proceedings, FTX presented its primary reorganization strategy and term sheet to the U.S. bankruptcy court, detailing an ambitious plan to reinvent FTX as an “offshore crypto exchange” while also founding a new limited liability trust. At this time, the proposed FTX reorganization plan is targeting a comprehensive settlement between [...]

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