Sam Bankman-Fried (SBF)’s crypto exchange FTX is examining pathways by which it can acquire Robinhood, according to people with knowledge of the matter. As reported by Bloomberg on Monday, FTX is having internal deliberations on how it can buy out the brokerage app. The source of the information chose to remain anonymous, as this matter...Read More
The outflows of digital asset investment products reached a stunning record-high of $423 million last week amid deepened market dumps, according to the Bitcoin ETF provider ProShares. The amount sharply increased from the prior largest outflow of $198 million by January this year. Up until the data by June 24th, the net flow Year-To-Date (YTD)...Read More
Securities and Exchange Commission (SEC) Chairman Gary Gensler recently confirmed that he believes Bitcoin is best classified as a commodity, rather than a security. However, he refused to comment on the classification of any other cryptos, leaving the status of altcoins like Ethereum still unclear. Bitcoin VS The Rest In an interview with CNBC on...Read More
The notorious hacker collective – Anonymous – said it will join numerous governments that are conducting investigations against Terra’s Co-Founder – Do Kwon. The native token of the cryptocurrency project – LUNA – and its algorithmic stablecoin – UST – crashed to zero last month, resulting in painful investors’ losses. As such, Anonymous vowed to...Read More
Crypto exchange aggregator Unizen has today successfully acquired a $200 million capital commitment from Global Emerging Markets (GEM) in a bid to bolster innovation on the platform. The funding, which is set to be released in milestone-based stages will also be used to expand the team, improve current features, and market the exchange globally. According...Read More
Faustin-Archange Touadéra – President of the Central African Republic (CAR) – has announced that his nation’s burgeoning crypto hub will launch on July 3rd. The initiative (also known as the “Sango” project) is intended to make CAR the most “progressive” economy in Africa through the use of blockchain technology. The Genesis of Sango President Toudéra...Read More
The multinational investment giant – Goldman Sachs – reportedly recommended selling Coinbase (COIN) stocks is a better option than holding or buying them at the moment. As a result, shares of the exchange plunged by more than 9% as the market opened to under $60. From ‘Neutral’ to ‘Sell’ The ongoing cryptocurrency bear market has...Read More
With bitcoin losing nearly half its value at one point a week ago and marking an 18-month low, the asset’s situation seemed gloomy at best. However, there are some positive signs as investors have been continuously withdrawing their BTC holdings from exchanges. BTC on Exchanges Sees 3-Year Lows A lot has been said about what...Read More
US-based cryptocurrency platform, Voyager Digital, issued a notice of default to Three Arrows Capital (3AC) as the latter has failed to make the required payments on previously disclosed loans. As CryptoPotato reported back on June 22nd, Voyager Digital came out with a statement that the company had exposure worth some $500 million to Three Arrows Capital –...Read More
In a quick-paced development, XCarnival, describing itself as a Metaverse Asset Bank, lost over 3,087 ETH to a hacker and negotiated the return of half of the funds less than 24 hours after the incident. Exploiting a flaw in its smart contract, the attacker used a Bored Ape Yacht Club NFT, which was already withdrawn...Read More
Till today, 2022 has been an exceptionally difficult year for the financial market, with stocks, bonds, and virtual currencies all failing in the face of restrictive financial conditions. Inflation and restricting liquidity in the economy has put enormous strain on the excessively bought crypto industry. Almost all of the current suffering originates from overvalued funds,...Read More
Crypto lender Nexo released a blog post to clarify what it considers the recent comments made by a pseudonymous Twitter user “Otteroooo” to be “a slate of ludicrous allegations.” “Untrue and Defamatory” Nexo said it will use any legally available means against the “defamatory” statements and false allegations” shared by certain Twitter accounts. It accused...Read More
[PRESS RELEASE – Las Vegas, United States, 24th June 2022] Sun West CEO and Morgan’s innovator Pavan Agarwal was welcomed by Hall of Famers Terrell ‘TO’ Owens and ‘Ivan’ Pudge Rodriguez as part of the leadership coaching event ‘Game On’. The event showcases the recently developed empathetic technology mortgage product which seeks to achieve unbiased...Read More
[PRESS RELEASE – SOUTH BEND, Indiana, 23rd June 2022] SIMBA Chain, the leading provider of blockchain enterprise solutions, has announced the launch of its new non-fungible token (NFT) marketplace SIMBA Market. The platform, which will feature collections from a variety of well-known names in sports and entertainment from the outset, will offer curated brands the...Read More
In India, the downturn in the crypto market and the government’s overly restrictive control over the industry have caused many exchanges to suffer, not only because of a decline in adoption but from regulatory uncertainty. Meanwhile, the “anti-crypto” Reserve Bank of India (RBI) continues to work on its pilot project to introduce blockchain technology into...Read More
The Governor of Qatar’s central bank – Sheikh Bandar – revealed that the financial institution intends to issue a digital form of its national currency. To do so, it must find the appropriate technology and consider the possible benefits and drawbacks of such an initiative, he added. Still in ‘Foundation Stage’ Launching a CBDC has...Read More
