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UK Bank Starling Blocks Payments to Crypto Platforms — Claims Crypto Is High Risk, Heavily Used for Criminal Purposes
26.11.2022
Starling Bank has informed its customers that the bank no longer supports fund transfers to cryptocurrency platforms, including crypto exchanges. The bank stated that cryptocurrencies “are high risk and heavily used for criminal purposes and, as such, we no longer support them.”...
DeFi sparks new investments despite turbulent market: Finance Redefined
25.11.2022
The last week of November remained turbulent for the crypto market as majority of the DeFi tokens struggled with the market volatility
Binance Launches Billion-Dollar Crypto Industry Recovery Fund to Restore Confidence After FTX Meltdown
25.11.2022
Binance has committed $1 billion to a crypto industry recovery initiative to restore confidence following the collapse of crypto exchange FTX. Several other crypto companies have joined Binance’s efforts and committed capital for the recovery fund. Crypto Industry Recovery Initiative Launched...
5 tips for riding out a downbeat market this holiday season
24.11.2022
The market doesn't look like it's going to spike upward anytime soon. While you wait, grow your network and position your portfolio to take advantage of a future recovery
US Lawmaker: FTX Collapse Isn’t a Crypto Failure — It’s a Failure of SEC, Bankman-Fried, Centralized Finance
24.11.2022
U.S. Congressman Tom Emmer says the FTX meltdown is not a crypto failure but a failure with SEC Chairman Gary Gensler, former FTX CEO Sam Bankman-Fried, and centralized finance. “We need to get to the bottom of this. We need to understand why Gary Gensler and the SEC were not doing their...
Crypto and fiat savers are making a fatal error — and DeFi can come to the rescue
22.11.2022
Across crypto and fiat, many consumers are making a fatal error: they're letting their assets sit idle in accounts without earning interest
Hong Kong believes stablecoin volatility can spillover to traditional finance
22.11.2022
According to Hong Kong’s central bank, the interconnection of crypto assets has made the crypto ecosystem more vulnerable to systematic shocks
Ethereum Co-Founder Vitalik Buterin Discusses FTX Collapse — Says ‘Centralized Anything Is by Default Suspect’
22.11.2022
Ethereum co-founder Vitalik Buterin says many people in the Ethereum community see the FTX collapse “as a validation of things they believed in all along: centralized anything is by default suspect.” However, he warned that automatically downgrading every single thing former FTX CEO...
Bankman-Fried’s Private Jet Causes Buzz, Kraken CEO Addresses FTX Collapse, More Sleeping Bitcoins Wake Up — Week in Review
20.11.2022
With the colossal collapse of crypto exchange FTX in recent weeks, excitement in the world of cryptocurrency and finance has been in no short supply. Former FTX CEO Sam Bankman-Fried’s private jet was reportedly spotted heading to Argentina, Kraken’s CEO has addressed the fallout of...
Bitcoin․com Announces ‘CEX Education Program’ to Reward Victims of Centralized Crypto Failures and Bolster DeFi
20.11.2022
Bitcoin.com announced the creation of a program that will reward people affected by centralized crypto company insolvencies while encouraging the adoption of decentralized finance and self-custody. The CEX Education Program will draw its resources from Bitcoin.com’s wallet token VERSE, which...
Financial Guru Dave Ramsey Weighs in on FTX Collapse — Reiterates His Crypto Warning
20.11.2022
Personal finance guru Dave Ramsey has weighed in on the collapse of cryptocurrency exchange FTX. “I told you so,” he repeatedly said, reiterating his long-standing advice that investors should not put money into crypto. Dave Ramsey on Bitcoin, Crypto, and the FTX Collapse Personal...
DeFi platforms see profits amid FTX collapse and CEX exodus: Finance Redefined
18.11.2022
The bears were in control for the second week after FTX collapse, leading to a market-wide dismal performance including top 100 DeFi tokens
Defi Chain Co-Founder: FTX’s Collapse Has Rekindled Interest in Defi and Associated Products
18.11.2022
According to Julian Hosp, co-founder of the decentralized finance entity Defi Chain, the fall of the crypto exchange FTX and the domino effect it has had may have rekindled interest in decentralized finance (defi) and associated products. Hosp, however, conceded that the crypto exchange’s...
Investment Firm Paradigm Still Optimistic About Crypto — Says ‘Issues at FTX Are Precisely Ones Defi Can Solve’
17.11.2022
Investment firm Paradigm is still optimistic about crypto’s potential following the collapse of FTX. “The blowup of FTX has caused some to question crypto’s value. But the issues at FTX are precisely ones that decentralized finance [defi] can solve through increased transparency...
California Finance Regulator Moves to Suspend Crypto Lender Salt’s License
16.11.2022
Salt announced on Tuesday it was pausing customer withdrawals due to the impact of FTX’s collapse
Numerous owners of Imaginary One NFTs purchase Toon Finance!
16.11.2022
If you’ve been searching for different NFTs, you might have learned of the Imaginary One NFTs. Because of their recently released 3D NFTs, they have been discussed. Among the many NFT holders that followed the Toon Finance pre-sale were the Imaginary One NFT holders. Even during its pre-sale...
Value Locked in Defi at Its Lowest Point Since March 2021, Smart Contract Tokens Shed $22 Billion in 36 Days
16.11.2022
Smart contract platform tokens and decentralized finance (defi) protocols have taken a beating since the FTX collapse last week. The market capitalization of all the smart contract platform tokens in existence lost more than $22 billion during the last 36 days. The total value locked (TVL) in defi...
The Toon Finance pre-sale attracts a lot of KuCoin Users
16.11.2022
Users of the KuCoin exchange are excited about the impending Toon Finance pre-sale. The pre-sale has already attracted a sizable following. With the help of Toon Finance, users will have access to a place where they may think of investing in digital assets and receive incentives. This innovative...
Axie Infinity P2E outranked as hot new Toon Finance coin takes over
15.11.2022
Toon Finance Takes over P2E industry If you look at Axie Infinity at its peak, you will soon see that it had well over 3 million players. The market cap also stood at $10 billion as well. Players in a lot of developing countries were said to be reporting way more money from playing the …
Binance Forming Crypto Industry Recovery Fund to ‘Reduce Further Cascading Negative Effects of FTX’
14.11.2022
Cryptocurrency exchange Binance is forming an industry recovery fund to “reduce further cascading negative effects of FTX,” said CEO Changpeng Zhao (CZ). “As an industry, we need to increase transparency,” the executive stressed. “We need to work very closely with...