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Miami Nightclub Owners Mourn The Lack of Crypto Rich Customers as Market Prices Crash
1.12.2022
Miami nightclub owners are facing slumping sales and dwindling revenue as crypto rich kids are staying away from the entertainment venues amid the recent collapse of FTX and the broader crypto market downturn.
According to a new report from the Financial Times, nerdy crypto entrepreneurs...
Creditors of Troubled Crypto Brokerage Genesis Seek Options to Avoid Bankruptcy
30.11.2022
Creditors of the troubled crypto broker and lending firm Genesis Global are working with restructuring lawyers to draft a plan to could allow the firm to avoid bankruptcy.
According to a Bloomberg report from Tuesday, the various creditor groups have hired restructuring experts, including from...
Binance Acquires 100% of Japanese Crypto Exchange Sakura Exchange BitCoin – Here's Why
30.11.2022
Binance has acquired 100% of Sakura Exchange BitCoin (SEBC), a crypto platform registered in Japan, to enter the Japanese market in a regulated way.
In an announcement today, the world's largest cryptocurrency exchange said it will enter the Japanese market as a Japan Financial Services Agency...
Notebook Labs announces partnership with NEAR Protocol on Twitter
30.11.2022
Notebook Labs recently released an official tweet to inform users about its partnership with NEAR Protocol. The integration will allow NEAR Ecosystem to access privacy-preserving Zero Knowledge credentials. According to the string of tweets, NEAR Protocol acts as a high-speed, low transaction...
Polkadot ecosystem announces the formation of Polkadot Alliance
30.11.2022
It came to pass that seven affiliated teams within the Polkadot ecosystem convened in order to make the official announcement that they had come together to form the Polkadot Alliance. Overall, this is an on-chain collective, a factor that will be crucial in the formulation and implementation of...
Solana-Based Decentralized Exchange Serum Now ‘Defunct’ After FTX and Alameda Implosion – Here’s What Happened
30.11.2022
As the bankruptcy proceedings of FTX and linked firm Alameda Research continue to ravage through the cryptosphere, Solana-based decentralized exchange Serum is one of the latest victims of the collapse triggered by Sam Bankman-Fried’s actions. Serum has announced in a tweet that, as the upgrade...
Sam Bankman-Fried Loses $17 Billion Fortune, Now Down to Just $100,000 in the Bank
30.11.2022
Sam Bankman-Fried, former CEO and founder of collapsed crypto exchange FTX, is down to $100,000 from the approximately $17 billion he was worth in early November.
In a recent interview with Axios, Bankman-Fried claimed that he currently has around $100,000 in his bank accounts, down by 99% from...
Following BlockFi Bankruptcy, This Company Just Revealed Its Exposure to the Firm – NEXO Next?
29.11.2022
The crypto-friendly US-based bank Silvergate had less than $20m in exposure to the now-bankrupt US-based crypto lender BlockFi. But with yet another bankruptcy in the space, more people are now asking if Nexo – one of the last major crypto lenders still standing – will be the next to...
South Korean University to Roll out Blockchain-powered ID Cards
29.11.2022
A South Korean university says that it has become the latest institution in the country to introduce blockchain-powered mobile phone-based student IDs.
Per Segye Ilbo, Jeonnam State University stated that its ID cards will use decentralized identity technology (DID). This is the same sort of...
European Central Bank President Christine Lagarde Calls For Crypto Regulation in EU Following FTX Collapse, Says It is ‘Very Much Needed’
29.11.2022
Christine Lagarde, head of the European Central Bank (ECB), has once again reiterated the need for bringing crypto under regulatory oversight in the European Union (EU) amid the collapse of cryptocurrency exchange FTX....
Read More: European Central Bank President Christine Lagarde Calls For Crypto...
Billionaire Investor Bill Ackman Says Crypto Regulators Will Take ‘Years’ to ‘Catch Up’
28.11.2022
The way to clean up the crypto space is not necessarily more rules, but instead better enforcement of existing rules, believes the American billionaire hedge fund manager Bill Ackman. But even then, the job will likely take regulators years, he said.
The legendary investor’s views on crypto...
Russian President Putin Says Independent Blockchain-Based Payment Network Would Be “Much More Convenient” Than Existing System
28.11.2022
A new blockchain-based international payment system could soon take shape, if Russian President Vladimir Putin gets his way.
The remarks from Putin about a potential blockchain-based digital payment system were given during a conference on artificial intelligence (AI) hosted by the major Russian...
Black Swan Author Nassim Taleb Calls Coinbase Crypto Exchange ‘Worthless’ – Here’s Why
28.11.2022
Nassim Taleb, author of the best-selling book The Black Swan, believes Coinbase, the biggest cryptocurrency exchange in the US, is "worthless."
In a recent tweet, Taleb said that Coinbase has negative cash flow, meaning it has more outgoing than incoming money, a “grisly” future even if...
Bahamian Authorities Confirm FTX is Under ‘Active’ Investigation, Prime Minister’s Financial Intelligence Unit Involved
28.11.2022
As FTX’s bankruptcy proceedings continue to ravage through the crypto markets, the authorities of the Bahamas, where the exchange is headquartered, are investigating the activities of the collapsed business, according to Ryan Pinder, the nation’s attorney general and Minister of Legal...
Binance CEO Warns Users to Be Vigilant as Dark Web Hackers Auction Off 500 Million Whatsapp Numbers
28.11.2022
Binance CEO Changpeng Zhao has warned users of an upcoming wave of phishing scams as hackers are selling up-to-date mobile phone numbers of nearly 500 million WhatsApp users.
In a Sunday tweet, Zhao, who goes by the name CZ on Twitter, said over 487 million WhatsApp phone numbers are for sale...
Binance Founder CZ Says Crypto Adoption Will Happen ‘Regardless’ of Government Decision on Regulation
27.11.2022
Binance CEO Changpeng Zhao has said countries better regulate crypto rather than fight it, claiming that crypto adoption will happen no matter what.
During a Binance event in Athens, Greece on Friday, CZ noted that crypto regulation has once again become a hot topic amid the recent fallout...
Crypto Influencer BitBoy Flies to Bahamas to Find Sam Bankman-Fried - This is What Happened
27.11.2022
Prominent crypto influencer Ben Armstrong, aka BitBoy Crypto, has flown to the Bahamas in a bid to talk to Sam Bankman-Fried, FTX founder and its former CEO.
Over the past couple of days, BitBoy has been posting tweets and sharing pictures of himself camping outside Bankman-Fried's home in...
Co-Founder of $3 Billion Crypto Firm Dies at 30 – Here’s What You Need to Know
26.11.2022
Tiantian Kullander, co-founder of $3 billion crypto finance service provider company Amber Group, passed away in his sleep on November 23.
The company’s official website now displays a pop-up that confirms the death of Kullander and also shares some details about his achievements. ...
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World Cup Crypto Scams are On the Rise – Look Out For These
25.11.2022
Global cybersecurity firm Kaspersky has released a list of the top five scams related to the ongoing FIFA World Cup Qatar 2022.
The World Cup gets the attention of millions of football fans from all over the world. Taking advantage of this critical period of time, scammers use different...
£3.2 Million Crypto Scam Dismantled by UK Cyber Crime Unit – Over 100 Arrests Made in ‘Biggest Ever Fraud Operation’
25.11.2022
The UK’s Metropolitan Police has taken down an international crypto scam ring in what it describes as the largest ever fraud operation led by the force. ...
Read More: £3.2 Million Crypto Scam Dismantled by UK Cyber Crime Unit – Over 100 Arrests Made in ‘Biggest Ever Fraud Operation’