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Bankruptcy Claims Exchange OPNX Stumbles Out of the Gate
5.4.2023
Bankruptcy claims exchange OPNX has struggled in terms of trading volume one day after it went live, the exchange's native token, FLEX, is is down by 26% in the past 24-hours
ECB Member Fabio Panetta Claims Rising Profit Margins Could Be Fueling Inflation
5.4.2023
Fabio Panetta, a member of the executive board of the European Central Bank (ECB), has stated that companies increasing their profit margins could be helping to fuel inflation. In an interview with the New York Times, Panetta warned about the effect that companies increasing such margins could have...
Crypto exchange backed by 3AC founders launches with claims trading plans
4.4.2023
OPNX CEO Leslie Lamb said the exchange planned to launch claims trading aimed at helping users from bankrupt crypto platforms including FTX and Celsius
OPNX Exchange, Which Offers FTX Claims Trading, Led by Three Arrows Founders is Now Live
4.4.2023
Users can get a 50% discount on trading fees if they hold FLEX tokens
Biggest Movers: DOGE Hits 9-Day High, as LTC Climbs 6% on Saturday
1.4.2023
Dogecoin rose to its highest point in over a week, as Elon Musk requested that a lawsuit filed against him by investors in the meme coin be dropped. The suit claims that Musk operated a pyramid scheme, following his endorsements of dogecoin. Litecoin was another token to climb on Saturday. Dogecoin...
Xbox Manager Claims Game Pass Isn’t 'Disruptive’
31.3.2023
The director of Xbox’s indie division would like you to believe that the Game Pass is not ‘disruptive’ to the gaming ecosystem despite the company’s ambitions for massive PC growth. These comments were made in response to people wondering whether the popular subscription service would fundamentally...
Former FTX CEO Seeks $10M Insurance Fund for Legal Defense, Request Opposed by FTX Debtors and Unsecured Creditors
30.3.2023
Court filings reveal that the FTX co-founder is seeking access to a $10 million insurance plan to cover his attorney fees. FTX debtors and unsecured creditors have opposed Sam Bankman-Fried’s request, arguing that every dollar spent on his defense is “one less dollar” available to cover...
Chatgpt More Useful Than Crypto, Nvidia Tech Chief Says
30.3.2023
Unlike AI applications such as Chatgpt, cryptocurrencies do not bring “anything useful,” a top executive of U.S. chip maker Nvidia is convinced. The comment comes despite his company making significant sales in the space where its powerful processors are widely used to mint digital...
Law Firm’s White Paper Claims US Bank Regulators Are Waging a ‘Clandestine Financial War’ Against Crypto Businesses
29.3.2023
According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying...
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $27,000, Following CFTC Suit Against Binance
28.3.2023
Bitcoin moved below $27,000 during Tuesday’s session, as the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit against Binance. The suit claims that Binance knowingly offered unregistered crypto products to U.S. customers. Ethereum was also lower on the news, briefly falling...
Nvidia CTO Claims Cryptocurrencies are Useless: AI Chatbots a Better Use of Processing Power
27.3.2023
It is not unusual for tech giants to have strong opinions on emerging technologies, and Nvidia CTo Michael Kagan is no exception.
In a recent interview with The Guardian, Kagan dismissed cryptocurrencies as providing no real value to society, suggesting AI chatbots like ChatGPT are a better use...
Tom Brady’s Estranged Wife Gisele Bundchen Claims FTX Collapse ‘Blindsided’ Her
25.3.2023
Former U.S. National Football League (NFL) quarterback Tom Brady’s estranged wife Gisele Bundchen has said she was “blindsided” by the collapse of crypto exchange FTX. Bundchen claimed that she only invested in FTX because her financial advisors recommended it. Bundchen...
Matter Labs Opens zkSync Era to Users, Claiming First in ‘Zero Knowledge’ Tech on Ethereum
24.3.2023
After launching ZkSync Era for developers-only last month, the project took the additional step Friday of opening it to general users. The latest push comes just days ahead of Polygon’s planned rollout on Monday of its own “zero knowledge Ethereum Virtual Machine.”
Rick and Morty Co-Creator Claims Lawsuit Is Dismissed, Lashes Back At 'Canceling'
22.3.2023
This January, Rick and Morty’s co-creator Justin Roiland was charged with domestic violence against his ex-girlfriend. After the lawsuit became public, Roiland left the studio that created High on Life while Adult Swim dropped him from the hit series Rick and Morty. Today, Roiland tweeted that...
FTX Debtors Reveal $6.8 Billion Hole in Balance Sheet Amidst Financial Discrepancies and Payments to Insiders
18.3.2023
According to a presentation recently submitted by the FTX debtors on March 16, Sam Bankman-Fried’s companies had a $6.8 billion hole in their intercompany balance sheet when they filed for Chapter 11 bankruptcy protection. FTX and its conglomerate of firms have debts of around $11.6 billion...
FTX debtors report $11.6B in claims, $4.8B in assets with many crypto holdings 'undetermined'
17.3.2023
The presentation reported $25 million in donations — political and otherwise — from three of the FTX silos, but added “limited information” was available on crypto donations
Genesis Requests Timetable for Sale, Creditor Claims
17.3.2023
The company wants to sell off its business after filing for bankruptcy on Jan. 19
Fortnite Dev Epic Claims Folks Like Crypto Games In Its Store
14.3.2023
Enthusiasm for the blockchain isn’t as spirited as it was before someone kidnapped Robot Chicken co-creator Seth Green’s embarrassing, allegedly non-fungible token, or before the last year of high-profile scams and monumental crashes. But Fortnite developer Epic says people like the crypto-based...
Biden Budget Proposal Targets Crypto Investors Using Like-Kind Exchange Provision; Plan Aims to Tax Crypto Miners 30%
10.3.2023
On Thursday, the Biden administration released the U.S. president’s 182-page budget proposal for the fiscal year 2024, which aims to “grow the economy from the bottom up and middle out.” The budget includes an $835 billion increase in military spending, but the administration...
Elizabeth Warren Blames ‘Crypto Risk’ for Silvergate Bank’s Liquidation, Critics Dismiss Senator’s Claims as ‘Terribly Misinformed’
9.3.2023
After Silvergate Bank announced its voluntary liquidation, U.S. senator Elizabeth Warren is attributing the financial institution’s downfall to “crypto risk.” According to Warren, she had previously warned about Silvergate. However, some critics are dismissing Warren’s...