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Industry execs voice confidence in DeFi adoption despite security flaws
12.12.2022
1inch Network co-founder Anton Bukov believes that recent events in the centralized finance space have highlighted the importance of DeFi
OpenSea to transfer Operator Filter Registry ownership before January
12.12.2022
OpenSea recently released an official tweet to inform users about transferring the Operator Filter Registry’s ownership. As per the tweet, the transfer is expected before January 2nd. The platform concludes the transaction with a multi-signature operated by a collective body that includes:- ourZORA...
Bybit joins trend, releases Merkle Tree-verified proof of reserves
12.12.2022
The Dubai-based exchange released its reserve wallet addresses shortly after the FTX fiasco began, and now it launched a verification system for users to track its holdings
E-verse successfully hosts virtual musical concert by the Kakkars
12.12.2022
E-verse has successfully hosted a virtual musical concert in its metaverse. Neha Kakkar and Tony Kakkar were the show’s stars in November 2022. The occasion was the celebration of their more than a hundred million fans who are spread across the globe. Two things have framed highlights here....
Bitcoin Lightning Network to be used in fiat transfers between EU and Africa
12.12.2022
CoinCorner and Bitnob teamed up to create cross-border transactions between the UK and Europe to Africa via the Bitcoin Lightning Network
S Korean Prosecutors Say Do Kwon Is in Serbia, Terra Luna Classic Takes a Tumble
12.12.2022
South Korean prosecutors have claimed Do Kwon is “in hiding” in Serbia – and have asked the European nation’s police force to hand him over to them. Meanwhile, it has been a rocky past few hours for Terra Luna Classic (LUNC) – the token launched by Kwon and his firm Terraform Labs....
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US Senator Jon Tester Sees ‘No Reason’ Why Cryptocurrencies Should Exist – Regulation Coming?
12.12.2022
United States senator Raymond Jon Tester came after the crypto industry yet again in a Sunday interview, arguing that there is no reason for it even to exist.
Tester is the senior senator from the US state of Montana and the dean of Montana's congressional delegation.
In an interview for NBC’s...
Binance admits abnormal price movement of certain trading pairs
12.12.2022
Binance recently tweeted about the abnormal price movements taking place on the exchange. The platform admitted that some trading pairs have been moving abnormally in the past several days. However, the company CEO believes the activity to be standard market behavior. On the other hand, Binance...
Ethereum Price Prediction – Can ETH Reach $3,000 by 2023?
12.12.2022
The ethereum price has fallen by 2% in the past 24 hours, dropping to $1,249 amid a similar fall for the cryptocurrency market as a whole. Its current price represents a 2.5% decline in a week and a 3.5% decrease in the last 30 days, as wider macroeconomic pressures and continued negative sentiment...
Sam Bankman-Fried Wants to Start a New Business to Pay Back Victims of FTX Collapse – This is What You Need to Know
12.12.2022
Sam Bankman-Fried, founder and former CEO of the now-bankrupt crypto exchange FTX, has said that he hopes to start a new business and earn enough money to pay back victims of the collapse.
Speaking from the Bahamas, the disgraced crypto boss acknowledged that he was "not nearly as competent as...
Nobel Laureate Ben Bernanke Blasts Cryptocurrencies, Says Tokens ‘Have Not Been Shown to Have Any Economic Value at All’
12.12.2022
Ben Bernanke, former chairman of the Federal Reserve and also the winner of the 2022 Nobel Prize in economics, has recently blasted the concept of cryptocurrencies. In an interview with Dagens Nyheter, one of the biggest Swedish journals, Bernanke remarked that cryptocurrencies have not proven they...
'Biggest week of the year' — 5 things to know in Bitcoin this week
12.12.2022
Bitcoin price action, sideways since FTX, could see snap volatility thanks to the "most important" CPI print of the year
Paxful CEO preaches Bitcoin self-custody, advises against crypto exchange
12.12.2022
While some execs chose to double down on assuring the funds’ safety on their platforms, Ray Youssef, the CEO of crypto exchange Paxful, sided with the idea of self-custody
Constant Blackouts Have Ruined Cryptocurrency Mining Investments in Cuba
12.12.2022
Several small investors have manifested that the constant blackouts in several parts of Cuba have made cryptocurrency mining unsustainable, leaving them unable to operate their rigs. The blackouts also affect telecommunications, leaving some of these operations that rely on off-grid power plants...
Bitcoin Price and Ethereum Down 4%; Market Braces for US CPI & FOMC Rate Decision This Week
12.12.2022
On December 12, Bitcoin broke through the upward channel at $17,000, allowing for more selling on the downside. Similarly, Ethereum has followed suit, emerging from an ascending triangle pattern on the downside to close below the $1,260 support level....
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Arthur Hayes: Bitcoin bottomed as 'everyone who could go bankrupt has gone bankrupt'
12.12.2022
Former BitMEX CEO thinks the Bitcoin price could have reached the bottom after most of the “irresponsible entities” have all run out of Bitcoin to sell
US senator calls on SEC's Gensler to answer for 'regulatory failures'
12.12.2022
Republican Senator Tom Emmer has long been a critic of Gary Gensler and the U.S. Securities Exchange Commission’s cryptocurrency oversight strategy
NFT market held back by oversupply, greed and bad projects: Gary Vee
12.12.2022
The number of celebrities, brands and artists that hopped on the NFT bandwagon was bound to cause supply and demand issues, said the Vee Friends creator
Bank of England opens applications for 'proof of concept' CBDC wallet
12.12.2022
The bank requires the wallet to execute basic features such as transacting value and requesting payments and set its budget at nearly $255,000
Research Shows Centralized Exchanges Saw the Most Visits This Year From Americans, Koreans, Russians
12.12.2022
Residents of the United States, South Korea and the Russian Federation have been the most frequent users of centralized exchanges this year, according to a new study. The finding comes after the spectacular crash of FTX, one of the largest such platforms, amid tightening regulations and fewer...