As the ongoing FTX drama dashed hopes of the ongoing crypto winter ending, Coinbase was one of the few companies to come out and say that they suffered no exposure to the fallout. Although Brian Armstrong, the CEO of the exchange, assured users that Coinbase would not suffer a similar fate, things don’t look especially...Read More
The unforgivable mishandling of customer funds has left millions of users with trapped funds, crippled years of constructive industry reputation, and triggered new credit contagion risks. Amidst this chaos, the native token of the decentralized crypto derivatives exchange, dYdX, has risen by more than 50% over the past week. According to prominent crypto analytic firm,...Read More
The United States Securities and Exchange Commission (SEC) extended its final decision on whether to approve the launch of ARK 21Shares’ spot BTC ETF to January 27, 2023. The Commission stated it needs more time to consider the pros and cons of the ETF. Two More Months Ark Invest wanted to introduce a spot Bitcoin...Read More
Gemini – the crypto exchange founded by the Winklevoss twins in 2014 – experienced sweeping service disruptions shortly after Genesis froze customer withdrawals on Wednesday. The firm later clarified that an Amazon Web Services EBS outage was responsible for the disruptions, and restored functionality shortly afterward. According to Gemini’s status page, most of the company’s...Read More
FTX investors have sued the company’s ex-CEO Sam Bankman-Fried for illegally offering yield-bearing crypto accounts at the now insolvent exchange. The lawsuit, filed in Miami on Tuesday, alleges that FTX’s crypto-yield-bearing accounts were unregistered securities illegally sold in the U.S, according to Reuters. Now that the exchange has failed to honor withdrawals, investors claim to...Read More
Amidst speculation over Sam Bankman-Fried’s whereabouts, the authorities are mulling over extraditing the former CEO of the bankrupt crypto exchange, FTX, back to the United States. According to the latest Bloomberg report, law-enforcement officials in the US and Bahamas have been engaged in talks over SBF as they investigate his role in FTX’s implosion. People...Read More
The crypto space is undergoing a roller coaster ride ever since the markets tumbled in H1 of 2022. Undoubtedly, the bulls attempted at each level to hold back the price, but the bears were pre-determined to restrict the price rally under the pivotal levels. Dogecoin price also underwent a significant upswing recently which uplifted the...Read More
[PRESS RELEASE – Please Read Disclaimer] The Orbeon Protocol investment platform is a revolutionary form of crowdfunding based on purchasing fractions of NFTs representing corporate investments. Orbeon Protocol’s presale phase 1 saw a 100 percent increase. Orbeon Protocol (ORBN) Orbeon Protocol enables everybody to fund dynamic new startups with minimal risk due to the low...Read More
A new audit report revealed that the two entities behind the Terra ecosystem, LFG and TFL – collectively spent more than $3.4 billion between May 8th-12th, 2022, to defend the peg of the fallen stablecoin. The main objective of the audit was to bring “transparency” into the peg defense activity and dispel reports of fund...Read More
[PRESS RELEASE – Singapore, Singapore, 15th November 2022] After emerging from the Oraichain for DApps Accelerator Program, self-sovereign digital identity platform Ziden has joined the AI Layer 1 blockchain ecosystem of Oraichain. Ziden has also revealed an outline of a roadmap culminating in its public launch in January 2023. Ziden is a self-sovereign identity platform...Read More
Files From this point onwards, the Proof of Reserve and Proof of Liability data files will automatically be made available to the public. This will occur twice a week, every Tuesday & Thursday. View all the files here Snapshot As At 15 Nov 2022 Reserves Liabilities Snapshot time 15 Nov 2022 15 Nov 2022...Read More
FTX’s Bahamas unit – FTX Digital Markets Ltd – has filed for Chapter 15 bankruptcy seeking protection from creditors in the United States. Chapter 15 bankruptcy essentially enables a foreign debtor to file for bankruptcy in the US court system. According to the report, the filing will allow provisional liquidators who can serve as foreign...Read More
Binance, the world’s leading cryptocurrency exchange, has halted trading for the FTT/USDT trading pair following the FTX fallout. The exchange has also removed FTT from its derivatives platform. The move hasn’t been officially announced, but a search on the Binance exchange reveals no results for the FTT/USDT trading pair. The same is true for the...Read More
Industry leader Binance has shared its principles on how the fiasco can be avoided in the future. On Nov. 15, Binance CEO Changpeng ‘CZ’ Zhao tweeted the most important requirements that his and every other centralized exchange should adopt in order to ensure user trust. He also said he is working with industry partners to...Read More
The crypto market appears to be slightly recovering as the major cryptocurrencies are flashing green. However, these large cap cryptocurrencies are still way behind their key levels. The first born cryptocurrency, Bitcoin is trading just above $16,500 while Ethereum has failed to trade above $1300 range. At the time of writing, Bitcoin is selling at...Read More
The Canadian businessman and Shark Tank star Kevin O’Leary still believes Sam Bankman Fried’s future businesses could be worth investing in, despite losing money on FTX. O’Leary recently outlined the extent of his exposure to the exchange while arguing that there’s a “silver lining” in the company’s collapse. Mr. Wonderful’s Thoughts on FTX In an...Read More
The Executive Chairman of MicroStrategy and prominent bitcoin bull – Michael Saylor – likened the CEO of FTX – Sam Bankman-Fried – to the notorious Jordan Belfort, also known as “The Wolf of Wall Street.” In his view, SBF “was using stolen money” and cooperated with corrupt regulators to keep his business going. Make a...Read More
