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Venezuelan Currency Plunges Almost 40% Against the US Dollar, Analysts Cite Crypto Drought as Part of the Problem
27.11.2022
The Venezuelan fiat currency, the bolivar, has lost almost 40% in its exchange rate against the U.S. dollar in a month. According to reports, the seasonal payments that the government has to make, and the lack of liquidity of the government to intervene in the currency market are part of...
Despite 2 Entities Holding 73% of the FTX Token Supply, FTT Price Still Holds Above $1 per Unit
27.11.2022
While a large fraction of crypto assets dropped a great deal in value during the past few weeks and bitcoin is down 18.2% in 30 days, the exchange coin ftx token (FTT) still trades above a U.S. dollar per unit. Moreover, the unknown entity known as the ‘FTX Accounts Drainer,’ still holds the second...
Ghana Takes Steps to Operationalize Gold-for-Oil Scheme — Move Expected to Help Halt Cedi’s Depreciation
27.11.2022
According to directives issued by Samuel A. Jinapor, the Ghanaian minister for lands and natural resources, large-scale gold mining companies will be required to “sell 20% of all refined gold at their refineries to the Bank of Ghana.” A gold-for-oil scheme is part of the Ghanaian...
Robert Kiyosaki: I’m Still Bullish on Bitcoin — Crypto Cannot Be Blamed for FTX Collapse
27.11.2022
The famous author of the best-selling book Rich Dad Poor Dad, Robert Kiyosaki, is still bullish on bitcoin despite the collapse of crypto exchange FTX. He stressed that the cryptocurrency cannot be blamed for the actions of former FTX CEO Sam Bankman-Fried. Robert Kiyosaki Still Bullish on Bitcoin...
Major Canadian Crypto Exchange Coinsquare Says Client Data Breached
26.11.2022
The exchange claimed the breached personal data wasn't likely seen "by the bad actor” and customers' assets are “secure in cold storage and are not at risk.”
Sustainability: What do DAOs need to succeed in the long run?
26.11.2022
The growing presence of projects identified as DAO raises the question: What makes them sustainable across time and technology changes?
Bitget Launches Major Campaign With Messi to Reignite Confidence in the Crypto Market
26.11.2022
PRESS RELEASE. Seychelles, Nov 26, 2022 – Leading global cryptocurrency exchange, Bitget, has announced a series of marketing campaigns with Lionel Messi, the Argentinian Football legend, with the launch of the brand film to celebrate the 2022 World Cup. With this USD 20 Million investment...
IIROC-registered Canadian crypto exchange Coinsquare suffers data breach
26.11.2022
On Nov. 19, Coinsquare had to temporarily shut down operations to investigate an unusual activity on its platform
‘Cryptocurrencies Like Bitcoin Make Global Commerce Easy’ — Founder of Nigerian Crypto Exchange
26.11.2022
Despite the Central Bank of Nigeria (CBN)’s Feb. 5, 2021 directive that instructed banks to block crypto entities from the financial system, the demand and use of cryptocurrencies have continued to grow. Not even the central bank’s subsequent crackdown on crypto entities it accused...
Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail
26.11.2022
The Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The central bank also warned that cryptocurrencies are “highly volatile and many of them have lost...
10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex, Former BTC-e
26.11.2022
A large amount of cryptocurrency kept in a wallet associated with crypto exchange Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for the first time since 2017. The 10,000 bitcoins in question, worth over $165 million, have been transferred...
Trouble in the Bahamas following FTX collapse: Report
25.11.2022
The locals say they are having to contend with vacant apartments and the loss of job opportunities, once provided by the collapsed exchange
Crypto Exchange Huobi Denies Rumors It Will Merge With Poloniex
25.11.2022
Cryptocurrency exchange Huobi has said rumours that it will merge with Poloniex are "categorically untrue."
How bad is the current state of crypto? On-chain analyst explains
25.11.2022
Despite the widespread loss of confidence in crypto following the FTX collapse, Bitcoin's on-chain data gives investors hope
Binance Publishes Its Proof-of-Reserves System for Bitcoin Holdings, Additional Assets Coming Soon
25.11.2022
On Nov. 25, the largest cryptocurrency exchange in terms of daily trade volume, Binance, published its bitcoin proof-of-reserves (POR) system using The Merkle approach. At the time of writing, the snapshot provided by Binance shows the firm’s onchain reserves equate to 582,485 bitcoin, while...
Crypto Exchange Binance Delists Serum Trading Pairs Amid FTX Connection
25.11.2022
Cryptocurrency exchange Binance delisted three Serum (SRM) trading pairs on Friday as the fallout from FTX's collapse continues
Ethereum Software Company Consensys Collects User Data, Privacy Policy Discloses
25.11.2022
Crypto users have been complaining about a recent Consensys privacy policy update that says when Infura is leveraged as a remote procedure call (RPC) via Metamask, wallet and IP address data is collected. The news follows a similar decision the decentralized exchange (dex) platform Uniswap recently...
FTX’s collapse could change crypto industry governance standards for good
25.11.2022
Following FTX’s downfall, experts believe that centralized exchanges will be faced with increased regulatory scrutiny, potentially eliminating a lot of players from the fray
1inch releases new tool to protect traders against ‘sandwich attacks’
25.11.2022
The company said that the new tool works by allowing users to submit transactions directly to validators
Binance publishes official Merkle Tree-based proof-of-reserves
25.11.2022
Two weeks after its initial pledge for Merkle Tree-backed proof of funds, Binance releases its official response to liquidity transparency