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Bankrupt Crypto Exchange FTX Exploring Sales of Subsidiaries, CEO Reveals
22.11.2022
Bankrupt cryptocurrency exchange FTX is exploring sales, recapitalizations, and other strategic transactions with respect to its solvent subsidiaries. The firm’s new CEO has instructed the FTX team “to prioritize the preservation of franchise value as best we can in these difficult...
Crypto Economy’s Market Cap Slides Below $800 Billion for the First Time Since December 2020
21.11.2022
The global cryptocurrency market capitalization has dropped below the $800 billion region for the first time in 691 days or since December 30, 2020. Bitcoin has dipped below the $16K region dropping 5.12% over the past 24 hours, and the second leading crypto asset ethereum shed 7.61% on Monday...
Lido fundamentals shine even as the wider crypto market struggles to regain traction
21.11.2022
Lido protocol boasts $1 million in daily fee revenue for nearly a month, highlighting its growth in daily active users and Ethereum stakers
FTX Japan plans to resume withdrawals by 2023: Report
21.11.2022
Japan’s Financial Services Agency requested the exchange suspend business orders on Nov. 10 prior to FTX Group declaring bankruptcy in the United States
Could BudBlockz enjoy more success than Dogecoin in 2023?
21.11.2022
The cryptocurrency market can be overwhelming and worrisome, especially for new people joining the space. Even some existing investors are not excited about the market flop. However, enriching your portfolio with successful cryptocurrencies could be a remedy to minimize the losses. Investment...
FTX submits list of creditors revealing $3B in debt
21.11.2022
The FTX crisis has reached a new level of difficulty. The business owes its unsecured creditors more than $3 billion, according to court documents. Moreover, a pair of customers are claiming to have $200 million each in their dues. Due to a lack of liquidity, FTX recently announced that it would...
Emurgo to launch USDA in 2023 Q1
21.11.2022
Emurgo, the extended commercial arm of Cardano, has announced plans to launch a new stablecoin in the US market. USDA will be backed by the regulated authorities and it will be pegged to the US Dollar at 1:1. USDA is anticipated to debut in the first quarter of 2023. This adds a new stablecoin...
Brazilian Bank Itau Unibanco to Offer Cryptocurrency Custody Services in 2023
21.11.2022
Itau Unibanco, one of the biggest Brazilian banks, has announced it will offer cryptocurrency custody services in 2023. Itau Digital Assets, the cryptocurrency unit of the company, will be responsible for this offering, which will be first available to customers of the bank, and then to third...
Binance makes moves in hardware wallet industry with new investment
21.11.2022
Binance Labs has made a strategic investment in the Belgian hardware wallet firm Ngrave and will lead its upcoming Series A round
Uzbekistan Licenses 2 Crypto Exchange Service Providers
21.11.2022
The regulatory body overseeing the crypto market in Uzbekistan has issued licenses to two companies that will be providing exchange services. The decision to authorize their activities aims to make it easier for Uzbekistanis to purchase and sell digital currencies, the agency said. 2 Crypto...
Oryen Network’s 140% profits for its holders spark incredible hype. BNB, Big Eyes, and DOGE holders are joining the ICO
21.11.2022
By offering limitless and passive income based on an amazing yielding mechanism, Oryen is gunning for the top place in the cryptocurrency market. The new competitor is shaking up the market because its initial coin offering (ICO), presently in phase 4, attained peak results of 140% profits. This...
Celsius bankruptcy victims get proof-of-claim deadline from US court
21.11.2022
The situation surrounding the Celsius bankruptcy continues as U.S. regulators set a deadline for those affected by the situation to file a proof claim against the company
FTX exchange suffers $59M loss due to hacking
21.11.2022
The cryptocurrency exchange FTX has suffered a loss of above $59 million as the hacker offloaded several millions of dollars resulting in a further drop in the cryptocurrency. The hacker behind this loss had transferred 50,000 ETH from one of the wallets to another address. The hacker had then...
Brazilian Cryptocurrency Bill Resurfaces After General Ballot
21.11.2022
The Brazilian cryptocurrency bill, sidelined several times due to the general election ballot that happened on October 30, might be discussed and voted on during the following week. According to reports, the project identified as 4.401/2021 will be on the agenda for being discussed by the Chamber...
FTX-owned Liquid exchange pauses all trading after withdrawal halt
21.11.2022
Liquid’s operational halt comes five days after the exchange suspended all withdrawals due to FTX’s bankruptcy filing
Filecoin (FIL), Orbeon Protocol (ORBN), and the rise of utility Blockchain projects
21.11.2022
Filecoin (FIL) has significant potential due to the industry in which it works and the fact that it has recently attracted increased investor interest. Orbeon Protocol (ORBN) is a decentralized investment platform that makes venture money available to anyone. Analysts predict that the utility token...
New Council at Ukraine’s Securities Watchdog to Draft Crypto Taxation Regulations
21.11.2022
A special council under Ukraine’s securities regulator will be tasked to develop rules for crypto taxation in the country. The new body will be also responsible for coordinating the regulation of various crypto activities and adjustments to the applicable legislation. Advisory Board to Take...
Binance CEO: We Don’t See a Viable Business in India
21.11.2022
Binance CEO Changpeng Zhao (CZ) says India is currently not a viable business environment for his cryptocurrency exchange, citing a strict tax regime. The executive explained: “Binance goes to countries where regulations are pro-crypto and pro-business.” Binance’s CEO on Indian...
FTX owes over $3 billion to its 50 biggest creditors: Bankruptcy filing
20.11.2022
Not much is known about who these creditors could be, as names and personal information were redacted from the published document
Washington Post, Forbes, Wall Street Journal Slammed for ‘Puff Piece’ Reports on FTX and Alameda Execs
20.11.2022
Following the highly criticized New York Times article that features commentary from the former CEO of FTX, Sam Bankman-Fried (SBF), the public continues to give the mainstream media flak for publishing “puff pieces” about SBF and the Alameda Research executive Caroline Ellison. A number...