Articles by tag: FTX

Why Cryptocurrency’s Security Concerns are Increasing Calls for Self-Regulation?

Self-Regulation

With the collapse of the FTX exchange and one of its founders, the concerns surrounding the regulation of cryptocurrency have overtaken talks about its security. Currently, cryptocurrency is “regulated,” but the lack of uniformity in its regulation has left much to be desired about its safety, particularly for consumers. But self-regulation may be a solution…

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Crypto Association Calls for Urgent Industry Action

The Global Digital Asset and Cryptocurrency Association published an open letter pleading with companies to better the industry for both companies and consumers. In this letter, the Global DAC cites customers with worthless claims, companies crumbling and general malpractice and immediate needs that need fixing across the crypto industry. Gabrielle Kusz, CEO at the Global…

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BlockFi Bankruptcy Continues Crypto Investor Worries

After the FTX collapse, crypto lender BlockFi, followed suit filing for their own bankruptcy, with their largest unsecure creditor being owned $729 million according to Bloomberg. Crypto is currently in a bad spot and many investors are waiting for the next lender to file. However, this does not necessarily mean the crypto market is…

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Crypto Company Bankruptcy Saga Shows Exchanges Should Stop “Operating As Banks”

After a nuclear explosion of a collapse, FTX is now crypto history. However, the ramifications of its $32 billion bankruptcy and alleged fraud go beyond its four walls and SBF’s potential prison time. In both related and unrelated fashion, FTX is now the first of several companies to join the crypto company bankruptcy saga. Other…

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Crypto Industry Reaches a Crossroad

With the recent FTX crisis, many larger issues within the crypto industry as a whole have been brought to light. There has been limited regulation that has allowed for a lack of disclosure and checks & balances within the system. With the collapse of FTX, the market currently looks unstable and insecure which may…

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Is Today’s Biggest Crypto Story Even About Crypto?

The rapid downfall of cryptocurrency exchange FTX has piqued the interest of the world, but is it a crypto or even a regulation story? Or is it simply a cautionary tale of business mismanagement? There are many lenses from which to view the story from, with no consensus yet formed. Charlton Haupt, CEO of…

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The Push for Peer Regulation Post-FTX Crash

The collapse of crypto exchange FTX has unleashed a new wave of speculation in the digital market, as the fortune of FTX founder Sam Bankman-Fried went from nearly 16 billion dollars to zero in days. Raising serious questions about the structure of the crypto business model and also regulations what should investors make of the…

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Construction of the HPC Data Center is Prime Destination for AI Progression
May 17, 2024

As digital infrastructure continues to evolve, the strategic development of data centers is crucial. A recent update from Applied Digital celebrates the progress of the company’s HPC Data Center in Ellendale, North Dakota, positioning it as a pivotal player in the advancement of AI technologies. Highlighted in this special video is the HPC Data…

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Nick Phillips of Applied Digital talks community engagement
Community Engagement is Key for Companies Aiming to Support and Impact Local Communities
May 17, 2024

Corporate responsibility is under the microscope but Applied Digital readily stands out for its positive impact on local communities. As part of the broader discussion on community engagement and economic development, there are several things companies can do to contribute to local prosperity. For a special episode for Applied Digital, Nick Phillips, EVP of…

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Ellendale HPC Datacenter
Ellendale HPC Datacenter
May 17, 2024

The shell of our groundbreaking Ellendale HPC Datacenter is nearly complete! With each panel and beam, we’re closer to launching a hub with unmatched AI capabilities, designed for high-density computing. Watch as we shape the future of AI infrastructure

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Sunstone Partners’ 2024 planning and strategy
Sunstone Partners Offsite 2024
May 17, 2024

Sunstone Partners’ 2024 planning and strategy meeting was held offsite in Calistoga, CA this year.  During the event the team bonded in fun activities like wine making and fantastic meals.  On the business side, there was reflection on the significant accomplishments of the team for the year, as well as focusing on upcoming goals…

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The Fall of FTX Arena Highlights Big Risk in High-Profile Branding Partnerships
November 18, 2022

As the saying goes, the bigger you are the harder you fall. Well, FTX has fallen pretty hard over the past few weeks. A company that once was valued at over $30b is now nearing bankruptcy as deals continue to fall through for the crypto giant. The most recent of these implosions is the…

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Universities Reinforcing a Moral Code
November 18, 2022

As more companies come to light in the crypto space, it’s important for them to remain nimble, fast and decentralized – after all, that’s their whole business model. But recent examples of companies like trading platform FTX are making consumers ask an age-old question: Do they have a moral compass? And if so, who regulates…

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FTX Collapse Creating Chaos as Users Ask for Regulations
November 17, 2022

FTX nearing bankruptcy has sent much of the crypto industry into a tailspin. The company once had a $32b evaluation and is now headed towards extinction after Binance opted out of the acquisition. Simon Mak, Professor at Southern Methodist University in Dallas, TX, points out that these companies have sizable effects not only on…

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