Crypto Crash

KPMG Canada’s Director of Digital Assets believes the recent crypto decline is necessary if the sector will mature properly.   Kunal Bhasin of KPMG Canada has offered some insight into the recent slump in the crypto sector. In a statement at the Blockchain Futurist Conference in Toronto, the Director opined that the current crypto winter could just be what the market needs. Bhasin added that this year’s market struggle is just the market correcting itself. According to Bhasin, before the…

FTX CEO Sam Bankman-Fried (SBF) predicted on Monday that the worst has likely passed from the crypto industry’s latest financial meltdown. Should things get worse, SBF assured the community he still has “a few billion” dollars to support struggling firms. Speaking with Reuters, the FTX CEO said that there are still companies reaching out to his exchange asking for financial support. However, none save a few small exchanges are facing life or death scenarios. SBF’s firms have already dedicated hundreds…

North Korea is experiencing hardship after the crypto crash wiped off millions from its stash of stolen digital assets. Reuters reported on June 29, citing four digital investigators. According to the investigators, the bear market threatens a key funding source for Pyongyang and its weapons programs. Allegedly, North Korea has invested heavily in sophisticated crypto hacking groups over the years. As a result, the country has become a significant threat, successfully orchestrating multiple high-profile attacks on the crypto space. An…