Football icon Cristiano Ronaldo will soon launch his CR7 NFT collection on Binance NFT. The athlete partnered with the crypto exchange in June to introduce non-fungible tokens and Web3 to his multi-million fan base. One of the most successful soccer players of all time – Cristiano Ronaldo – will drop his first NFT collection later...Read More
Circle – the issuer behind USDC – has announced that merchants supported by the company will now be able to accept Apple Pay. The integration will allow customers to check out from apps and the Safari browser without a need to “fill out lengthy forms.” Per Circle’s announcement on Tuesday, Apple Pay support will let...Read More
One of the most successful NBA teams – Golden State Warriors – reportedly paused all marketing endeavors related to the distressed crypto exchange FTX. The latter filed for bankruptcy last week after failing to honor its clients’ withdrawal requests. According to recent coverage, the basketball club stopped advertising all FTX products and services. The last...Read More
BlockFi is looking for answers to its liquidity troubles caused by its heavy exposure to FTX – and bankruptcy is reportedly on the table. The crypto lending firm is already preparing a potential bankruptcy filing, people familiar with the matter told the Wall Street Journal. It’s also reportedly planning to lay off workers – a...Read More
Ark Invest – the technology-focused investment firm founded by Cathie Wood – has aped into Grayscale’s Bitcoin Trust (GBTC) after the world-leading digital asset fund marked another record-low discount last week. Ark Investment Management bought 315,000 GBTC shares worth roughly $2.8 million on Monday for its ARK Next Generation Internet exchange-traded fund (ARKW). Ark’s purchase...Read More
The Seychelles-based crypto exchange – OKX – reportedly introduced a $100 million fund to aid companies with liquidity issues. The world’s largest cryptocurrency platform – Binance – launched a similar initiative to reduce the negative effects of FTX’s collapse. According to the Chinese reporter Colin Wu, OKX will distribute $100 million across numerous projects that...Read More
[PR – Cranfield, England, 13th November, 2022, Chainwire] WAHED Coin, the native cryptocurrency of the WAHED ecosystem, is to be listed on LBank on December 5. The asset powers a growing array of features within WAHED’s next-generation investment hub. The listing of WAHED Coin on LBank will make the digital asset available to a global...Read More
Dogecoin (DOGE) and Bitcoin (BTC) are two of the most popular cryptocurrencies in the world. Dogecoin (DOGE) was created as a “joke currency” but has since become one of the most valuable digital currencies. Bitcoin (BTC) is the first cryptocurrency and is still the most valuable. But there is a new cryptocurrency that has the...Read More
Sam Bankman-Fried, the former CEO of the now-bankrupt FTX, tried to rally financial support for his beleaguered crypto exchange. This comes as the platform is facing bankruptcy amid an $8 billion black hole in its balance sheets. FTX collapsed in spectacular fashion over the past week, triggering a contagion that has impacted the broader crypto...Read More
Liquid Global – a lesser-known crypto exchange acquired by FTX – has announced suspending withdrawals on November 15. The move complies with the bankruptcy proceedings of FTX. Its official announcement read, “Due to the Chapter 11 filing by FTX Trading International the ultimate beneficial owner of Quoine Pte. Ltd, Liquid Exchange (Quoine Pte.) is halting...Read More
The news surrounding FTX, its former CEO Sam Bankman-Fried, and his trading firm Alameda Research doesn’t seem to stop. In what seems to be the latest bit of negative information, the Wall Street Journal reports that Alameda frontran tokens before their listings on the exchange. Per the most recent coverage by the WSJ, crypto trading...Read More
Sam Bankman-Fried, the CEO of the bankrupt cryptocurrency exchange FTX, is probably one of the world’s most hated people right now. After being hailed as the savior of doomed projects, possible personal motivations for his actions are now being dissected. Amid FTX contagion fears, investor confidence has been severely dented. Extreme fear has gripped the...Read More
The sudden collapse of FTX is a big story, although there’s a lot of misinformation out there as to what actually happened & what it means for the crypto world more broadly. Fundamentally, this is what Sam Bankman-Fried (the founder of FTX) is being accused of doing: imagine your debit card suddenly stopped working because...Read More
The stunning FTX collapse has sent shockwaves down the crypto market. The latest firm to fall victim is Huobi’s brokerage subsidiary, Hbit Limited. The Hong Kong-based company has revealed that it is unable to withdraw $18.1 million worth of cryptocurrencies deposited in FTX. Out of the total funds stuck in FTX, $13.2 million are the...Read More
The moves are hardly surprising considering that FTX, the world’s second-largest exchange, was considered pretty much bulletproof. The collapse of the exchange proves that it was not too big to fail, especially if it didn’t have the reserves to cover the bank run that occurred. Over the past week or so, Bitcoin investors have been...Read More
