Bahamian Attorney General Insists FTX Is the Subject of an ‘Active and Ongoing Investigation’

Bahamian Attorney General Insists FTX Is the Subject of an 'Active and Ongoing Investigation'The troubled and now-bankrupt crypto exchange FTX is the subject of “an active and ongoing investigation,” Bahamian attorney general Ryan Pinder told the press on Sunday. Pinder also stressed that putting the blame on the Bahamas “because FTX is headquartered here would be a gross oversimplification of reality.” Bahamian Attorney General Says the ‘Bahamas Will […]

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Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 Months

Stats Show Over 53,000 Wrapped Bitcoins Were Removed From Circulation in the Last 3 MonthsThree months ago, there were 441,546 wrapped or synthetic bitcoins on the Ethereum and Binance Smart Chain worth $17.45 billion using exchange rates on April 24, 2022. Since then, that number has dropped by 53,582 synthetic bitcoins and today the number of wrapped or bonded bitcoins is approximately 387,964 worth $8.81 billion in value. Number […]

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Trust in Decentralized Finance Rattled After $100 Billion Left the Defi Economy

Trust in Decentralized Finance Rattled After $100 Billion Left the Defi EconomyThe effect of Terra’s demise continues to shine a light on the fragility surrounding the decentralized finance (defi) ecosystem. Things have changed a great deal following Terra’s aftermath, as the total value locked (TVL) in defi has plummeted from $231 billion to today’s $112.29 billion, losing 51.38% in 42 days. Defi TVL Plunges More Than […]

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