Lawyers for FTX’s disgraced former boss, Sam Bankman-Fried (SBF), have reached an agreement with prosecutors allowing him to contact certain FTX employees. Besides certain restrictions, the 30-year-old may contact such parties through a host of new mediums. The New Rules Updated terms surrounding Bankman-Fried’s contact restrictions were sent to Lewis A. Kaplan – a judge for the Southern District of New York – in a letter on Monday. Bankman-Fried’s lawyers said the updated conditions were a response to the government…
Centralized Cryptocurrency
Centralized vs. Decentralized Cryptocurrencies
Centralized cryptocurrencies are digital currencies controlled and regulated by a central authority, such as a government or a private company. An example of a centralized cryptocurrency is Petro, Venezuela's national cryptocurrency. Decentralized cryptocurrencies, on the other hand, are not controlled by any central authority. Instead, they are based on a decentralized network, usually blockchain technology, and are typically managed by a decentralized network of computers. Bitcoin and Ethereum are examples of decentralized cryptocurrencies. The benefits of centralized cryptocurrencies include faster…
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