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Crypto Exchange Zipmex 'On Track to Sign a Majority Buyout' Following Three Arrows Capital Contagion
3.11.2022
The troubled Asian crypto exchange Zipmex is in “advanced talks” with one of its investors about a potential bailout for the company.
According to a Bloomberg report from Wednesday, the Singapore-based exchange is “on track to sign a majority buyout” agreement with an investor as early as this...
Filecoin Price Prediction - Watch Out For FIL Today as 15% Gain Yesterday
3.11.2022
FIL, the native token of the decentralized storage network Filecoin, has gained around 15% over the past 24 hours amid the news that Meta has selected a decentralized data storage solution to archive its creators' digital collectibles.
The token is currently trading at $5.96, up by 13.6% over...
Sam Bankman-Fried's Alameda Holds $14.6 Billion in Assets – Here's What You Need to Know
3.11.2022
Alameda Research, a trading firm linked to major crypto exchange FTX, had some $14.6 billion of assets as of June 30, but as much as $5.82 billion of these assets consists of the exchange’s native token FTT, according to a document sourced from the company. ...
Read More: Sam Bankman-Fried's...
Biggest Crypto Options Exchange Deribit Hacked for $28 Million – What Happened?
2.11.2022
Panama-based crypto derivatives exchange Deribit has suffered a hacking attack estimated to be worth some $28 million. The exchange claims that its customers’ funds remain safe despite the latest attack.
"Deribit hot wallet compromised, but client funds are safe and loss is covered by company...
Binance CEO Reveals Main Reason For Investing $500 Million in Elon Musk Twitter Deal
2.11.2022
Binance CEO Changpeng Zhao (CZ) has shared that his company invested $500 million into Elon Musk's buyout of Twitter in a bid to support the freedom of speech.
At the opening event of Europe's largest tech conference, the Web Summit, in Lisbon, the CEO said he was "extremely supportive"...
Leading Global Payments Network MoneyGram to Offer Cryptocurrency Services
2.11.2022
Global payments company MoneyGram has announced that US users can now use its platform to buy, sell, and hold some major cryptocurrencies.
In a November one press release, the payments giant said that it will offer crypto purchase services via its app to customers in nearly all U.S. states...
Department of Justice Revamping Investigations into Tether USDT – Here’s What You Need to Know
1.11.2022
The US Department of Justice has revamped a probe into whether Tether’s executives committed bank fraud in the early days of the stablecoin.
According to a Bloomberg report, the investigation has been transferred to another team within the DOJ and is now directed by US Attorney Damian Williams...
Huobi Crypto Exchange Denies Mass Layoffs and Exec Resignations
1.11.2022
Major crypto exchange Huobi Global has denied mass layoff claims and allegations that two of its top executives have resigned.
In a tweet on October 29, prominent Chinese journalist Colin Wu claimed that the company’s CEO Leon Li and chief financial officer Chris Lee have resigned. Citing people...
Investment in Crypto Hits a New Low – How Much was Raised?
31.10.2022
Venture capital investments in crypto companies hit its lowest level for the year in the third quarter, but still remains well above a 7-year average for the industry.
According to data from Galaxy Digital, venture investments into the crypto space in the third quarter reached $5.5bn, still $2bn...
Sam Bankman-Fried to Step Back from Crypto Lobbying and Let ‘Crypto Twitter’ Take Charge
31.10.2022
Sam Bankman-Fried, the outspoken CEO and founder of major crypto exchange FTX, has offered what he calls his "final thoughts" on the optimal lobbying strategy for the crypto and blockchain industry that could pave the way for more industry-friendly regulation in the U.S. At the same time,...
Billionaire Coinbase CEO has Just Made This Crypto Prediction – Will it Happen?
31.10.2022
Coinbase CEO Brian Armstrong has forecasted that Bitcoin will become a serious flight-to-safety asset within the next five or 10 years.
In an episode of Coinbase’s Around the Block podcast, titled "The State of Crypto and Where It’s Headed with Pomp," said the flagship cryptocurrency's market...
Ethereum Founder Vitalik Buterin Says Crypto is Better Than Gold – Here’s What You Need to Know
31.10.2022
Ethereum (ETH) co-founder Vitalik Buterin continues to preach the crypto gospel, declaring that cryptocurrencies are a better option to store wealth and carry out transactions than gold.
“Gold is incredibly inconvenient. It's difficult to use, particularly when transacting with untrusted parties....
America’s Oldest Bank Says 70% of Institutional Clients Will Invest in Crypto If This One Thing Happens
31.10.2022
BNY Mellon, America’s oldest bank and one of the more crypto-friendly institutions, has said that 70% of institutional investors will increase their digital asset activity when more custody services are available. ...
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Dogecoin Should Be Cardano Sidechain, Says Charles Hoskinson
30.10.2022
Cardano founder Charles Hoskinson has put forward the idea of Dogecoin becoming a Cardano sidechain, claiming that he is willing to do the migration for free.
The Input Output CEO made the statement after speculating that there is now a high probability that Twitter and Dogecoin merge after...
Terra Founder Do Kwon Faces New $57 Million Lawsuit – Where is He?
29.10.2022
Terraform Labs founder Do Kwon, along with the Luna Foundation Guard (LFG) and Terra founding member Nicholas Platias, are facing a fresh $57 million class action suit from aggrieved investors in Singapore. ...
Read More: Terra Founder Do Kwon Faces New $57 Million Lawsuit – Where is He?
Google Cloud To Enter Blockchain Node World with New Service
28.10.2022
Tech giant Google is increasing its exposure to digital assets and blockchain through the kicking off of a new solution, Blockchain Node Engine. In a statement, the company calls the solution “a fully managed node-hosting for web3 development” that will allow developers build and deploy...
Blockchain.com Seeks New Funding at $4 Billion Valuation – 70% Decline From Previous Round
28.10.2022
Major crypto company Blockchain.com is allegedly in talks over down-round fundraising that could see its valuation slashed by more than 70%.
The crypto exchange reportedly aims to raise funds at a fraction of the $14 billion valuation it achieved earlier this year, Bloomberg reported Thursday...
Sam Bankman-Fried of FTX Announces Plans to Launch Stablecoin
28.10.2022
FTX CEO Sam Bankman-Fried has confirmed that the crypto platform is working on launching its own stablecoin.
In an interview with The Big Whale, Bankman-Fried said "it is very likely" FTX will launch a stablecoin, joining most other major exchanges in having launched a crypto token whose value...
UAE Central Bank Completes First CBDC Payment Transaction
27.10.2022
The Central Bank of the United Arab Emirates (CBUAE) has announced it has finalized mBridge, the world's largest pilot of central bank digital currency (CBDC) transactions in cooperation with the Digital Currency Institute of the People's Bank of China, its Chinese counterpart. Other partners...
Andreessen Horowitz Flagship Crypto Fund Down 40% This Year
27.10.2022
Venture giant Andreessen Horowitz’s (a16z) flagship crypto fund has fallen 40% in the first half of this year alone, after it was set up as the crypto market peaked, according to a new report.
The 40% fall for the crypto-focused venture fund is much larger than the 10% to 20% drops seen in other...