Bitcoin mining giant Riot Blockchain posted a net loss of $36.6 million. The Colorado-based company generated a revenue of $46.3 million – down by 28% from the previously estimated $54.2 million. The rising energy costs have adversely affected many Bitcoin miners. However, Riot’s CEO believes that the company was able to leverage its long-term fixed-rate...Read More
Fears of a Terra-style debacle have seeped into the crypto market as the Binance-FTX drama continues. Binance CEO CZ made headlines by announcing plans to liquidate entire FTT holdings gradually to avoid any market impact. His crypto exchange had already exited from FTX equity last year. While CZ clarified that the move should not be...Read More
Ripple’s XRP price is trending in uncharted markets as the global macroeconomic aspects fall into play. At the top list, the XRP international online community fear that the Ripple vs SEC case May go the same route as LBRY Inc’s story. Nonetheless, the entire cryptocurrency market has been trending downwards for the better part of...Read More
BlockFi was one of the lenders that found itself in troubled waters following the crypto credit crisis. As forced selling and liquidity issues began to take a toll on investors, the industry, which was already buffeted by inflation and other macroeconomic agents, witnessed several companies, including Celsius and Voyager, go bankrupt. But BlockFi managed to...Read More
Despite the fact that blockchain-based technology has been around for decades, it only caught up to speed with the rise of Bitcoin. The idea of a decentralized network brought forward in Bitcoin’s Whitepaper 14 years ago by Satoshi Nakamoto was a direct response to the financial crisis of 2008. It delivered a viable alternative to...Read More
Amid massive uncertainty surrounding FTX and its ability to process withdrawals, the exchange’s CEO Sam Bankman-Fried (SBF) has announced that the company is being sold to Binance. Binance CEO Changpeng Zhao (CZ) has also confirmed the news, stating that Binance will help FTX navigate its current “liquidity crunch.” FTX Comes Full Circle In a tweet...Read More
Despite the volatile markets, Chainlink (LINK) broke above $9.20 for the first time since August this year, recording a three-month high. The latest price appreciation was triggered by massive activity stirred by LINK wallets over the past five weeks. As per the crypto-analytic platform Santiment’s latest data, traders are “longing” LINK “aggressively.” 🔗 #Chainlink spiked...Read More
[PRESS RELEASE – Please Read Disclaimer] The crypto industry has far outgrown the initial stages set by the creation of Bitcoin over a decade ago. In fact, it’s now touted to become a massive part of the transition into Web3. As such, multiple cryptocurrency projects want to take a piece of that pie with innovative...Read More
Crypto markets are retracing in the wake of looming uncertainty about the state of FTX’s financials. Reports are mixed about whether the exchange is able to process withdrawals, with some suggesting that it has halted them entirely. On-chain data from Etherscan shows FTX’s last Ethereum-based outbound transaction took place on November 8th 10:59:35 AM UTC...Read More
An exciting Carnival program for World Cup 2022 was revealed by BingX, the world’s leading social trading crypto exchange, which will see millions up for grabs for the next six amazing weeks. The 22nd edition of the World Cup football tournament, to be held in the Qatar capital of Doha from November 20 to December...Read More
BitDAO may terminate its token swap and hold agreement with quant crypto trading firm Alameda Research. This follows fears that Alameda may have dumped 100 million BIT tokens. BitDAO has asked Alameda to confirm that it has not sold any of the DAO’s native tokens as part of an earlier agreement between both entities. The...Read More
Despite the rally during the past couple of weeks, the cryptocurrency took a beating today. Bitcoin’s price plunged by more than 5%, dropping $20K. The total liquidations on a 24-hour scale have reached around $360 million. The recent rally brought hopes to many that the crypto winter might be coming to an end, but this...Read More
FTT has been getting some attention this week. From 12:00 UTC today, BitMEX users will be able to trade FTT via our FTTUSD and FTTUSDT listings – with up to 50x leverage. If you haven’t yet signed up for a BitMEX account, you can do so here. Currently, new users can receive up to 80...Read More
Built by gamers, for gamers, W3E Championships will be the first live tournament to take advantage of the evolving world of decentralized gaming. W3E – the first ever live tournament for web3 Esports – will be welcoming the world of web3 gaming to Istanbul Blockchain Week. The event will take place on the 17th of...Read More
On 11 November, 2022, we’re launching the BMEX Token exclusively for trading on BitMEX, affording our users the exclusive opportunity to participate in an IEO from an OG crypto exchange. First up, at approximately 8am SGT, BMEX/USDT will become the latest trading pair on our spot exchange, followed by two perpetual swaps – BMEXUSDT and...Read More
