Stablecoins, or crypto assets which peg their value to less volatile fiat money, are useful tools for a variety of reasons. They can be used to cash out crypto investments, send or receive stable money abroad, and to pay for everyday consumer transactions without fear of fluctuation. A recent estimate from the Bank for International Settlements, or BIS, put the total stablecoin … [Read more...] about Frax co-founder Sam Kazemian believes stablecoin regulations are currently too harsh
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Most Influential 2021: Sam Bankman-Fried
He might now be a billionaire, but Samuel Bankman-Fried, or “SBF,” still has that wild puff of hair. It’s hair that screams just-rolled-out-of-bed. Or a beanbag chair. “I’m up to something like 50%, in terms of sleeping on beds,” SBF tells CoinDesk.The 50% is a big deal. And beds were once a luxury that SBF couldn’t afford. Only a year ago, the former trader spent most nights … [Read more...] about Most Influential 2021: Sam Bankman-Fried
Sam Bankman-Fried’s FTX to purchase Miami Heat arena naming rights
According to a report yesterday from the Miami Herald, cryptocurrency exchange FTX is preparing to finalize a deal to sponsor the home of National Basketball Association team the Miami Heat — a move that will grant the exchange exclusive naming rights for the 19,600 arena. “Miami-Dade County is getting closer to signing a cryptocurrency company to replace American Airlines as … [Read more...] about Sam Bankman-Fried’s FTX to purchase Miami Heat arena naming rights