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2 More Crypto Platforms Pause Withdrawals as Liquid Global and Salt Lending Cite Exposure to FTX
15.11.2022
On Nov. 15, 2022, the crypto exchange Liquid Global revealed that it has suspended fiat and crypto withdrawals “until further notice.” The same day, customers leveraging the crypto lending platform Salt were also informed that Salt has paused withdrawals and deposits. Furthermore, the crypto lender...
The Tax Impact of This Year’s Platform and Protocol Failures
15.11.2022
Crypto.com’s Exposure to FTX Less Than $10 Million Says CEO — CRO Token Not Used as Collateral
15.11.2022
According to the CEO of Crypto.com, Kris Marszalek, his firm had recovered much of the $1 billion that had been sent to FTX when the crypto exchange collapsed. However, he acknowledged that at the time of FTX’s collapse, Crypto.com’s exposure to the crypto platform was below...
Nike Launches Web3 Platform Offering Virtual Apparel and Other NFT-Based Products
15.11.2022
Sportswear giant Nike has launched .Swoosh, a new Web3 platform that will be used to launch virtual apparel like t-shirts and sneakers for avatars.
Nike became one of the biggest fashion-world players in Web3 in mid-December last year when the company acquired RTFKT, a virtual sneakers company...
Nike steps up its Web3 platform with .SWOOSH launch
15.11.2022
Nike has quickly pulled up its socks to realize that the new generation of athletes and fans are shifting their focus to the upcoming Web3 technology. Taking note of this point, Nike has announced .SWOOSH, a project that houses several virtual collections of the brand while giving its co-creators...
Huobi Becomes Latest Crypto Exchange to Disclose Proof-of-Reserves
15.11.2022
Huobi, the Seychelles-based crypto exchange, recently became the latest digital asset exchange platform to reveal the number as well as the value of its digital assets held in reserves. Huobi has said disclosing the assets held in reserves helps to boost users’ confidence in the exchange...
Nifty News: Nike unveils NFT platform, Steve Jobs' sandals sell for $200K and more
15.11.2022
A one-of-a-kind NFT of the Birkenstocks sandals worn by Apple co-founder Steve Jobs at various times during his life has sold for over $200,000
Crypto Lender BlockFi Updates Users on Platform, FTX Exposure
14.11.2022
BlockFi said withdrawals remain paused, and denied rumours that most of its assets being custodied on fTX
US Law Enforcement Directs Paxos to Freeze More Than 11,000 PAXG Tokenized Gold Coins
14.11.2022
According to the blockchain infrastructure company Paxos, the firm has frozen 11,184.38 pax gold (PAXG) tokens held on the platform FTX.com. The regulated token issuer noted that it was directed to freeze the PAXG tokens after “direction from U.S. federal law enforcement.” Paxos...
Green Crypto Platform IMPT Just Added Samsung and Netflix as Affiliate Partners - Time to Buy?
14.11.2022
IMPT is a brand new green cryptocurrency focused on revolutionising the space of carbon credits, and has recently been onboarding even more companies to its platform through its affiliate programme, with Netflix and Samsung having just been added.
The Impact Project is focused on making the world...
Nike Sprints Into Web3 With New .SWOOSH Platform
14.11.2022
The footwear giant’s latest Web3 move will allow community members to create and trade their own digital collectibles
Hong Kong Crypto Platform Hbit's $18.1M Stuck in FTX
14.11.2022
In an announcement to shareholders on Monday, New Huo Technologies Holdings Limited, said regarding its subsidiary, that $13.2 million of the money belonged to clients, while, $4.9 million were Hbit assets
Crypto Token Launch Platform Tokensoft Doxes 4500 Users, Calling Them ‘Bad Actors’
14.11.2022
A Tokensoft community manager published an excel sheet of "bad actors" on Discord with their personal details
SBF’s ‘Truly Trustless’ Protocol — Serum’s Upgrade Authority May Be Tainted, Devs Look to Fork Project
13.11.2022
According to Solana’s founder, Anatoly Yakovenko, Serum developers are forking the platform because the “upgrade key to the current one is compromised.” Serum, created by FTX’s Sam Bankman-Fried (SBF), was touted as “completely permissionless,” but now that...
FTX Contract Deployer Unlocks 192 Million FTT, Exchange Token’s Questionable Tokenomics Highlights Red Flags
13.11.2022
Following the collapse of FTX and the exchange filing bankruptcy on Nov. 11, the trading platform’s exchange token called ftx (FTT) has shed 91.6% in value during the last seven days. While the FTT token’s utility is based entirely on the backing of the now-bankrupt FTX and Alameda...
Crypto Exchange Kraken Freezes Accounts of FTX, Alameda Research, Their Executives
13.11.2022
Crypto exchange Kraken has frozen a handful of accounts owned by the bankrupt FTX Group, Alameda Research, and their executives. Kraken has been in contact with law enforcement after discovering that an account on its platform was used in connection with unauthorized transfers at FTX. Kraken...
From Mercedes F1 to Miami Heat, Sports Teams Suspend FTX Sponsorships
13.11.2022
A string of organizations competing in various sports are pulling out of sponsorship deals with beleaguered cryptocurrency exchange FTX. The coin trading platform had pledged millions of dollars to building up brand recognition among sports fans before it went bankrupt. FTX Sign Being Dismantled...
Coinex Looks Forward to Celebrating RLWC2021’s Finalists
12.11.2022
PRESS RELEASE. As the exclusive cryptocurrency trading platform partner of the Rugby League World Cup 2021 (RLWC2021), CoinEx is looking forward to joining audiences worldwide in cheering on the players who reach the men’s, women’s and wheelchair finals, set to take place in Manchester on 18 –...
BudBlockz to unveil the world’s first decentralized cannabis ecommerce platform
12.11.2022
BudBlockz, the new crypto in town, aims to be the first to operate a decentralized cannabis ecommerce platform. The goal is to revolutionize the cannabis industry through blockchain technology. It unites two popular products that have yet to become mainstream: cannabis and cryptocurrency. What...
FTX Reportedly Hacked as Telegram Group Admin Comments on Possible ‘Malware’ Present in Apps, Irregular Fund Movements Registered Onchain
12.11.2022
Admins of the Telegram group of the FTX community stated that the platform had been hacked and all of the funds of the exchange seemed to be gone. FTX U.S. General Counsel Ryne Miller, who reportedly pinned the message in the group, explained he was investigating “abnormalities”...