Author name: Dennis Kneale

By Kathy Chu TruthDAO Cryptocurrency entrepreneur and Tron founder Justin Sun plans to acquire up to five crypto companies in the coming months, with trading platforms as top prospects. \”We have lots of partnerships and acquisitions on the way,\” Sun told TruthDAO. The full video interview, which took place on Aug. 17, will air on […]

By Kathy Chu, TruthDAO The Federal Deposit Insurance Corp. (FDIC) on Friday ordered crypto exchange FTX to stop making “false and misleading” claims about deposit insurance — the banking regulator’s latest warning to consumers that funds held at crypto companies aren’t necessarily protected. The FDIC order comes a week after TruthDAO\’s story highlighting FTX and

By Kathy Chu, TruthDAO Crypto pioneer Wilfred Daye, chief executive of Securitize Capital, a digital asset-management firm, was a guest on TruthDAO\’s Crypto DeFined on Aug. 11. Daye, a veteran of the banking world, opined on the state of crypto, and what he thinks it will take to catapult the industry to the next level.

Voyager Digital Censured in July Over Deposit-Insurance Claims By Kathy Chu, TruthDAO In its recent rebuke of bankrupt Voyager Digital, federal regulators spotlighted a common practice in the crypto industry: promising FDIC protection of funds when, in fact, consumers may be fully exposed.   In late July, the Federal Deposit Insurance Corp. (FDIC) and the

By Kathy Chu, TruthDAO The U.S. Securities and Exchange Commission’s recent move to crack down on unregistered crypto assets raises the possibility that Ether, the No. 2 cryptocurrency behind Bitcoin, could soon be in the crosshairs, industry experts say. Last week, the SEC filed insider-trading charges against a former employee of crypto trading giant Coinbase,

Nitin Kumar, the co-founder of zbyte, a platform for decentralized apps, is known as the \”master of the pivot\” — a nickname bestowed on him by CEO Today in 2020. He\’s also a longstanding advisor to technology companies. During a July 14th interview on Fireside, Kumar shared his views about the recent chaos in the

\”Leverage Up Dramatically\” Co-Founder says By Kathy Chu, TruthDAO On an April podcast last year, hedge fund founder Su Zhu explained to his audience how crypto investors could be successful: \”leverage up dramatically on the stablecoin trade.” Basically, Zhu was saying, investors could borrow heavily to generate high returns. The show, called \”Where Do the

By Kathy Chu, TruthDAO Cory Klippsten\’s prescient warnings about the meltdowns of the stablecoin terraUSD and DeFi lender Celsius Network have brought him ample attention. While he’s not “crypto ponzi PI,” as he puts it, Klippsten, as chief executive of savings app Swan Bitcoin, knows his way around the bitcoin world. Klippsten paid attention to

By Kathy Chu, TruthDAO The hack at Unchained, a blockchain gaming project, was triggered by the crudest, and in many ways simplest, of online weapons: a phishing link. One of the people who took the bait was Yan — he goes by \”J2B” online — because the link appeared in the project’s official Discord message

Steep losses are mounting, but the crypto shakeout is not necessarily a bad thing, some observers say By Kathy Chu, TruthDAO Crypto markets, from stablecoins to high-yield lending, are grappling with a loss of investor confidence that is challenging the weakest and most leveraged players. The market cap of the crypto industry has sunk below