Amid the FTX Confusion, Whistleblower Edward Snowden Says ‘Custodial Exchanges Were a Mistake’

Amid the FTX Confusion, Whistleblower Edward Snowden Says 'Custodial Exchanges Were a Mistake'Whistleblower and former NSA contractor, Edward Snowden, has been very vocal about the crypto economy in recent times. After publishing a copy of Bitcoin’s white paper on Twitter on the document’s 14th birthday, Snowden had some words with Craig Wright, the man who claims to be Satoshi Nakamoto. Following the news tied to the troubled […]

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Terra Development Team Reveals Some Users ‘Received Less LUNA From the Airdrop Than Expected’

Terra Development Team Reveals Some Users 'Received Less LUNA From the Airdrop Than Expected'The new Terra blockchain Phoenix-1 has been operating since Saturday morning May 28, 2022, and on that day, millions of new LUNA tokens were dispersed to luna classic (LUNC) and terrausd classic (USTC) holders. However, on Tuesday the Terra development team revealed that some Terra token owners “received less LUNA from the airdrop than expected,” […]

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The Deceptive Nature of Market Capitalization

graph with coinsMarket capitalization, for new and old investors alike, represents a deceptively complex figure. While many suggest that market cap is the proper way to determine the overall value of a coin, the value displayed by a coin’s market cap is a number that can and is easily manipulated by savvy and often unethical development teams. When inexperienced investors mistakenly base valuations off of a coin’s price per unit, most investors will advise them to instead check its market cap, which is the price per unit multiplied by its circulating supply. While this represents a vastly more accurate approach, it is important to recognize

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