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Superfluid is now live on Ethereum Mainnet
22.12.2022
Superfluid, the leading asset streaming protocol, took to Twitter to announce its collaboration with Ethereum Mainnet. Superfluid has been experimenting for two years across six L2s: Arbitrum, Avalanche, Binance Smart Chain, Gnosis Chain, Optimism, and Polygon. With the help of a strong ecosystem...
Polygon reaches out to the community to join the testnet
22.12.2022
Researchers who happen to be with Polygon have reached out to the community to gain their active involvement, so far as the testnet is concerned. However, this happens to be a step under the fundamental characteristic of Ethereum, which has always looked to collective contribution on all important...
One of the Largest Bitcoin Mining Firms Just Filed For Bankruptcy – Here’s What it Means for the Crypto Industry
22.12.2022
Core Scientific, one of the largest Bitcoin mining companies, has filed for bankruptcy amid plunging cryptocurrency prices and skyrocketing energy prices, becoming the latest victim of the ongoing crypto winter.
On Wednesday, the firm filed for Chapter 11 bankruptcy protection in Texas....
Binance Joins Executive Committee of U.S. Blockchain Industry Lobby Group - Here’s Why it Matters
21.12.2022
Binance, the world’s largest crypto exchange by trading volume, has joined the Chamber of Digital Commerce in a move that is expected to boost its lobbying power over new crypto regulations.
Per a blog post published by Binance on Tuesday, the move to join the Chamber is part of an effort to “move...
Extradition Papers Signed: Sam Bankman-Fried, Founder of FTX, to Return to US for Charges
21.12.2022
Sam Bankman-Fried, the disgraced founder of collapsed crypto exchange FTX, has signed extradition papers, agreeing to be extradited to the United States.
According to a report by ABC News, Bankman-Fried signed the papers to waive an extradition hearing from the Bahamas after the crypto boss...
FTX Aims to Retrieve Sam Bankman-Fried's Political Donations Worth Tens of Millions
20.12.2022
The collapsed crypto exchange FTX has started work to claw back money paid as political donations as part of its bankruptcy proceedings in the US.
The donations, which were made at the direction of FTX founder and former CEO Sam Bankman-Fried, amounted to hundreds of millions of dollars, several...
Binance.US Announces $1 Billion Acquisition of Bankrupt Crypto Company Voyager Assets – This is What You Need to Know
20.12.2022
Binance.US, the American franchise of the global crypto exchange Binance, will buy up remaining assets from the now-bankrupt crypto lender Voyager Digital as part of a newly announced and surprising deal.
The deal between the two companies values Voyager at about $1bn, and means that Binance.US...
Visa experts march ahead with new innovative ways to strengthen Web3 & Blockchain
20.12.2022
In the present scenario, Visa has deployed a team of professional engineers and researchers who are actively engaged in putting their minds together to closely study matters related to the foundations of the different blockchains. Part of the research and analysis is based on facts related...
Legendary ‘The Big Short’ Investor Michael Burry Believes Binance Crypto Exchange Audit Is Meaningless – Here's Why
19.12.2022
Audits of Binance and other crypto exchanges are “essentially meaningless” since auditors don’t know how to deal with crypto, according to Michael Burry, the legendary investor who inspired the movie ‘The Big Short’.
According to Burry, this is the same problem as he was facing himself in 2005...
Leading Crypto Exchange Reports Outage for Several Hours with Deposits and Withdrawals Affected – Here’s What Happened
19.12.2022
OKX has released an update regarding its recent outage that existed for around seven hours, saying that it was due to hardware issues with its cloud service provider.
On December 18, the cryptocurrency exchange was hit with an outage that hindered customers from opening or closing a trade...
Cardano Founder Charles Hoskinson Calls XRP Army ‘Toxic’ and ‘Petty’ – Here’s What Happened
19.12.2022
Cardano founder Charles Hoskinson has called the XRP community "toxic and petty" while lashing out at the project and arguing that it "provides no partnership or technical value."
Hoskinson, who has been the target of hostile attacks from the XRP community, said in a December 16 video that...
Billionaire Investor Mike Novogratz Says Not All Crypto Exchanges Are Criminal Organizations Like FTX
17.12.2022
Mike Novogratz, CEO of crypto investments company Galaxy Digital, has said not all crypto exchanges are run like the now-collapsed FTX.
In an interview with CNBC’s Squawk Box on December 15, Novogratz said not every crypto boss is trying to steal users' money and that not all crypto platforms...
CryptoQuant's Audit of Binance Reveals No 'FTX-Like' Behavior in Proof-of-Reserves
16.12.2022
An on-chain audit of Binance by the blockchain analytics firm CryptoQuant has concluded that Binance’s reserves of bitcoin (BTC) and other major coins “are not showing ‘FTX-like’ behavior at this point.”
In analyzing the numbers, CryptoQuant said it compared Binance’s BTC liabilities, as stated...
Troubled Crypto Lender Amber Group Raises $300 Million Amid Layoffs and Refocusing Efforts
16.12.2022
Amid the ongoing cryptocurrency market downturn, troubled Asian crypto trading firm Amber Group has managed to collect some $300 million under its series C round, led by the US arm of blockchain-focused venture capital firm Fenbushi Capital US and joined by a number of crypto-native investors...
Crypto Companies Enable Money Laundering, Warns Incoming FCA chair – Regulation Coming Soon?
16.12.2022
Ashley Alder, the incoming chair of the UK’s Financial Conduct Authority (FCA), believes crypto firms are “deliberately evasive” and facilitate money laundering, asking for more regulations.
During a virtual meeting, Alder told UK Treasury members on Wednesday that many crypto platforms...
Rodents and Lack of Toilets Reported at Bahamas Detention Center Where Sam Bankman-Fried Is Being Held
15.12.2022
Fox Hill, the Bahamas detention facility where former FTX CEO Sam Bankman-Fried is held, is known for overcrowding, a lack of toilets, and generally harsh conditions.
Bankman-Fried spent the night at the prison on Wednesday, after appearing in court in the Bahamas on Tuesday. During the court...
Shark Tank Star Kevin O’Leary Slams Binance, Says the Exchange Caused FTX to Collapse on Purpose
15.12.2022
Well-known Shark Tank investor Kevin O’Leary slammed Binance in comments given during a Senate hearing on Wednesday, saying a “war” between FTX and Binance ultimately caused FTX’s collapse.
During the hearing, Kevin O’Leary said Binance and FTX were “at war with each other and one put the other...
Trust Wallet integrates with THORChain to support cross-chain swaps
15.12.2022
Trust Wallet was thrilled to announce its integration with THORChain, enabling in-app cross-chain swaps with zero service charges. Users can enjoy cross-chain swaps with ETH, BTC, BUSD Bep 2, and BNB Bep 2 right into the Trust Wallet mobile app. However, this feature is only available on Android...
Senator Warren Takes Aim at 'Rogue Nations' Using Crypto for Terrorism and Sanction Evasion
15.12.2022
Senator Elizabeth Warren has put forward a bipartisan bill that aims to crack down on money laundering loopholes in the crypto industry.
According to a Wednesday report by CNN, Warren, a Massachusetts Democrat, is teaming up with Republican Senator Roger Marshall of Kansas to introduce the...
G20 Governments Working Together to Develop a Unified Cryptocurrency Policy
15.12.2022
The G20 countries plan to create a policy consensus on cryptocurrencies in a bid to better regulate the asset class.
On Wednesday, India’s federal economic affairs secretary Ajay Seth said the G20 countries will study the implications of cryptocurrencies for the economy, monetary policy, and...