FTX exchange – billions of customer funds emblezzled?
Definition of FTX Exchange FTX Exchange was a cryptocurrency exchange founded by Sam Bankman-Fried and Gary Wang in 2017 and quickly grew to become one of the world’s largest crypto exchanges. In 2021, FTX had over a million users and an average daily trading volume of ten billion US dollars [1]. The company was valued […]
Hardware Wallet – How can Bitcoin be securely stored?
Definition of Terms Ownership of Bitcoin is proven through a private key. The private key is a secret cryptographic string that corresponds to the Bitcoin address. It is required to sign transactions from the Bitcoin address and send Bitcoin. The private key should never be shared with others and should be securely stored. There are […]