TruthDao

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

By Kathy Chu, TruthDAO Crypto skeptic David Gerard has been warning for years about how excesses in the industry could wreck investors. Some of these excesses were apparent this week when DeFi lending platform Celsius Network — which promised yields as high as 18.63% in return for deposits — froze withdrawals for its 1.7 million