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Cryptos

FTX Could Sponsor Miami NBA Stadium

The City of Miami is reportedly in the process of finalizing a deal with the FTX cryptocurrency exchange to sponsor the currently named AmericanAirlines Arena, home of the Miami Heat NBA franchise. If finalized, it would be the first major sports stadium to be named after a cryptocurrency business. Since the beginning of the COVID-19 pandemic,…
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Massive Data Leak Shows Danger Of KYC

As much as 8.2 terabytes of personal information data has allegedly leaked from users of India-based MobiKwik mobile payment’s wallet application and onto the dark web, according to a report from India Times. A white hacker who highlighted the breach called it “probably the largest KYC data leak in history,” per India Times. The leak apparently…
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A Deep Dive Into Bitcoin’s Contango

Bitcoin is trading in contango. But what does this mean?“Contango is a situation where the futures price of a commodity is higher than the spot price.” -InvestopediaNow, what’s a futures contract?“A futures contract is a legal agreement to buy or sell a particular commodity asset, or security at a predetermined price at a specified time in the…
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Elon Musk’s bet on bitcoin as payment

The short list of what you can buy with bitcoin is about to get a tad longer, courtesy of Elon Musk.Why it matters: Musk is going where other companies have failed — trying to transform bitcoin from a speculative investment to a form of payment. It hasn't taken off in the decade-plus that the digital currency has been around. What's different…
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