Binance CEO Changpeng Zhao (CZ) has all but given up on India. Pointing out the 1% transaction tax that came into force on 1 July 2022, CZ said it makes crypto trading unviable in India. Speaking at the TechCrunch Session: Crypto 2022 on November 17 in Miami, CZ further pointed out that Binance is engaged...Read More
The enterprise blockchain provider Ripple wants to strengthen its presence in the European Union by seeking to secure a virtual asset service provider (VASP) license from Ireland’s central bank. Ripple’s General Counsel Stuart Alderoty and CEO Brad Garlinghouse also gave their two cents on FTX’s fiasco, arguing that global regulators should impose comprehensive rules on...Read More
After Sam Bankman-Fried’s crypto empire imploded last week, exchanges are rushing to soothe the nerves of infuriated investors. Digital banking firm, Revolut is the latest one to distance itself from FTX. In an emailed statement, Revolut told users that it did not have “material exposure” to the bankrupt crypto exchange. Revolut Monitoring the Situation The...Read More
As the public opinion of former crypto hotshot Sam Bankman-Fried continues to wane, criticism aimed at him and his business is only growing fiercer. Jesse Powell, Kraken’s current CEO, who will be stepping down shortly, already criticized Sam Bankman-Fried for his attitude and hubris. According to Powell, SBF acted like he knew everything despite being...Read More
Kutee Kitties is a typical collection of non-fungible tokens NFTs, but one with a strong mission– to save the world from plastic. With such an innovative aim to accomplish, Kutee Kitties will be released in the second week of November. The Kutee Kitty NFT project was born with the awareness of how plastic has pervaded...Read More
[PRESS RELEASE – Please Read Disclaimer] The World Cup fever is just around the corner. With extreme competition among the participating teams, Fifa World Cup is one of the major league every sports fan are looking out for. There are already favorites, and some clear frontrunners stand above the rest. This year, the Argentine Football...Read More
[PRESS RELEASE – Please Read Disclaimer] Blockchain technology, which powers cryptocurrencies, has been getting a lot of buzz recently. New startups have begun implementing this powerful technology into their everyday business models and investors are taking notice of the disruption potential it can bring to the venture capital industry. Venture capital has been the go-to...Read More
[PRESS RELEASE – Please Read Disclaimer] Stop us if you have heard this one before: 1xBit has begun the Ticket Rush tournament for the 2022 World Cup, where you or any of your friends could grab a seat and join in sharing the 3 BTC prize fund. It is a very exciting opportunity on 1xBit,...Read More
SkyBridge Capital, the asset management firm of American millionaire investor Anthony Scaramucci, sold 30% stakes to the now-bankrupt Sam Bankman-Fried’s crypto empire FTX in September before the exchange’s sudden liquidity crisis earlier this month at an undisclosed amount. However, the investment came with a catch as the fund manager was required to purchase FTX token...Read More
Just three weeks after acquiring social media giant Twitter, Elon Musk has triggered a mass exit at the company. Within the first week, the billionaire fired top executives, including the CEO and CFO, and eliminated over 3,500 job positions. He has now given an ultimatum for the remaining employees to sign up for “long hours...Read More
Despite the continuous turbulence in the cryptocurrency market, Bitcoin is largely unaltered and has been consolidating between $15,800 and $17,200 on Friday. Bitcoin Trades Marginally as It Facing Rejection at $17K Since its price declined on November 9, when it was around $17K. At present, the immediate resistance is found at the $16,950 level. On...Read More
Crypto lending firm – Genesis – reportedly sought an emergency loan of $1 billion from investors before notifying its clients of suspending redemptions this week. According to The Wall Street Journal, the confidential fundraising document stated that the company needed access to the credit facility by 10 a.m. Monday, specifying a “liquidity crunch due to...Read More
[PRESS RELEASE – Tallinn, Estonia, 17th November 2022] Crypto Snack, a global pioneer in cryptocurrency payment solutions, today announced the start of its first phase to enable La Liga’s RCD Espanyol to become the world’s first football club to fully integrate crypto payments. RCD Espanyol will accept over 30 different cryptocurrencies, including the SNACK token,...Read More
[PRESS RELEASE – Zug, Switzerland, 17th November 2022] Sensorium, the company behind the industry-leading Sensorium Galaxy metaverse, is pleased to announce that it is entering into a collaboration agreement with Polygon Studios. As part of this wide-ranging alliance, Polygon’s blockchain infrastructure will be crucial in underpinning and furthering Sensorium’s Web3 developments, supporting token and NFT-related...Read More
We’ve Seen a Marked Increase in the Number of Both New and Returning Users Trading on BitMEX Today, we’re writing to all new users – as well as those who’ve been with and trusted us for longer – to reaffirm the foundations of our operations. It would be remiss not to say the past days...Read More
One week after the implosion, legal woes for FTX have only intensified. According to the latest court filings from the company’s Bahamian liquidators, there are signs of “serious fraud and mismanagement” on the bankrupt crypto exchange’s part. The document filed in the US Bankruptcy Court of the Southern District of New York revealed that the...Read More
