Nassim Nicholas Taleb, the best-selling author of “Black Swan” and “Antifragile” believes that “all crypto people are dimwits”. Nassim Nicholas Taleb is a Lebanese-American essayist, scholar, mathematical statistician, and former quantitative trader. He is widely recognized as one of the world’s top experts on probability and uncertainty. Publishing company Penguin […]

Earlier this month, JPMorgan Chase released a research report titled “The Dynamics and Demographics of U.S. Household Crypto-Asset Use.” This report “uses de-identified data covering a sample of nearly 5 million active checking account customers, over 600 thousand of which have conducted transfers to crypto accounts.” These were the four […]

The House Financial Services Committee has said that it is opening an investigation into fallen cryptocurrency exchange FTX and its disgraced head executive Sam Bankman-Fried. FTX Will Be the Subject of a Congressional Inquiry The announcement came from Maxine Waters, a democrat from California that heads the committee. She stated […]

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you significant developments over the last week. Uniswap, one of the leading decentralized exchange platforms, is integrating debit and credit card support for its users. It will allow Uniswap users to […]

According to Fabio Panetta, a Member of the Executive Board of the European Central Bank (ECB), solid foundations for the broader digital finance ecosystem are needed to harness the possibilities of digital technologies, and that regulation alone will not be enough to address the shortcomings of cryptos. Panetta said that […]

Binance’s Chief Technology Officer (CTO) Rohit Wad considers India a hub of web3 innovations, and he plans to hire technology professionals from its top universities. In an interview with Businessline, Wad mentioned Mumbai among the cities where it plans to select new talents. “There is going to be a tremendous […]

Password management service LastPass was hacked in August 2022, and the attacker stole users’ encrypted passwords, according to a Dec. 23 statement from the company. This means that the attacker may be able to crack some website passwords of LastPass users through brute force guessing. LastPass first disclosed the breach […]

The case between Ripple Labs Inc. and the U.S. Securities and Exchange Commission (SEC) continues to wrap up. In a new joint motion, both parties filed for an extension to file Daubert Motions until Jan. 13, 2023. The extension will also affect the filing accompanying redacted exhibits on the public […]

Crypto exchange OKX has released its second proof of reserves (PoR) on its website, only a month after releasing its first one. Haider Rafique, chief marketing officer at OKX, said on Twitter that the crypto exchange is committed to sharing its reserves status every month. The announcement also included the […]

The world’s largest crypto exchange, Binance, has been dealing with a torrent of FUD (fear, uncertainty, and doubt) since the downfall of FTX. The firm is now fighting back with its latest blog post. On Dec. 22, Binance published a blog post in Chinese to address seven key issues the company […]