The Future of Blockchain: Tech, Markets, and Security Explored

Binance’s CEO, CZ, declined a $40 million offer from ex-FTX CEO Sam Bankman-Fried to build a cryptocurrency futures exchange, opting to develop its own. Bankman-Fried, undeterred, started FTX exchange and introduced the FTX token, promising revenue share via token buyback and burn mechanism. This venture shows the volatile but promising nature of crypto world.

Core Scientific seeks reorganization under Chapter 11 bankruptcy law, converting creditor debt into a 97% ownership stake. The restructuring plan aims to eliminate hundreds of millions in debt while retaining partial ownership for current shareholders. However, the success of the plan is uncertain.

“Tether, the issuer of popular stablecoin USDT, discontinues its Bitcoin, Kusama, and Bitcoin Cash-based stablecoins due to low usage. It reflects Omni’s crucial role and considers reinstating Omni Layer version if utility increases. Also, Tether plans to introduce a new Bitcoin-based smart contract system, “RGB”.”