Former FTX CEO Sam Bankman-Fried (SBF) spoke at length about FTX’s collapse and bankruptcy at the New York Times Dealbrook Summit on Wednesday. The former billionaire defended himself from accusations of fraud, and claimed that FTX’s troubles stemmed from an accounting error. Sam Bankman-Fried on Alameda’s Leverage Bankman-Fried’s interviewer began by asking whether the ex-CEO...Read More
According to the most recent data, GMX earned more daily revenue than Uniswap, becoming the market leader for the first time ever. Delphi Digital reported that the platform raked in $1.15 million in trading fees, while that of Uniswap stood at $1.06 million. Moreover, GMX is now the fifth-largest decentralized application on Token Terminal’s dashboard,...Read More
Kraken is the latest cryptocurrency exchange that’s been forced to downsize in the face of macroeconomic headwinds and a devastating crypto bear market. According to an announcement from the firm on Wednesday, leadership has been forced to slash 30% of its workforce, amounting to 1100 workers. The reduction in size takes Kraken’s headcount back to...Read More
BlackRock – the largest asset manager in the world – lost millions of dollars inside FTX, according to CEO Larry Fink. The BlackRock chief spoke at The New York Times Dealbrook Summit on Wednesday, confirming that his firm held $24 million within the insolvent exchange. The money was from a “fund of funds,” and not...Read More
The Seoul Southern District Prosecutors Office reportedly sought arrest warrants for one of Terraform Labs’ Co-Founders – Shin Hyun-seung (Daniel Shin), claiming he gained illegal profits before the colossal crash of LUNA/UST. The Korean authorities previously issued an arrest warrant against Terraform’s CEO – Do Kwon. His whereabouts remain unknown, while recent sources hinted he...Read More
The decentralized exchange Uniswap enabled NFT trading on its platform by listing digital collectibles a part of leading marketplaces, such as OpenSea, LooksRare, Sudoswap, and more. The initiative comes a few months after Uniswap acquired the NFT aggregator Genie. The DEX revealed that as of today (November 30), its users could trade a variety of...Read More
LedgerX – one of the companies that remained solvent following the downfall of its parent FTX, is preparing to make millions available for bankruptcy proceedings. According to a report by Bloomberg, LedgerX is preparing to make available a considerable $175 million to be used in the bankruptcy proceedings of FTX. The money could reportedly be...Read More
[PRESS RELEASE – Please Read Disclaimer] CoinCRED, the newly-entered U.A.E. exchange, has officially announced its collaboration with a new-age crypto project, GYRE NETWORK. The year-old exchange is well aware of the current market situation, but it states that the partnership is a strategic move that will help both parties to provide a great experience to...Read More
[PRESS RELEASE – Dubai, UAE, 30th November 2022] The countdown has begun for Everdome’s first rocket launch, as the world’s most hyper-realistic metaverse project gets ready to send its first metaverse pioneers on the first stage of an epic journey to Mars at 5pm GST today. Viewers from across the world are invited to be...Read More
The Bitcoin (BTC) price raised beyond $16,800 and is unable to clear $17,000 despite notable buying pressure had mounted up. Meanwhile, some of the altcoins which are presently trading within the consolidated range are expected to gear up any moment from now. Polkadot (DOT) Source: Tradingview The DOT price is trading within a falling wedge...Read More
Crypto exchange Binance announced the acquisition of Sakura Exchange BitCoin (SEBC) for an undisclosed sum. The latter is a Japanese crypto exchange that is regulated by the country’s Financial Services Agency (FSA). The latest development comes just months after reports of Binance preparing for a formal entry to the Japanese market surfaced. The crypto exchange...Read More
According to Yonhap, a South Korean newswire service, authorities are seeking an arrest warrant for Daniel Shin. According to news reports, the co-founder of Terraform Labs is charged with stealing profits and violating the Electronic Financial Transaction Act. Terra Co-founders to Face Jail Time? The co-founder of Terraform Labs is being charged for accumulating illicit...Read More
The lower house of Brazil’s parliament approved a cryptocurrency bill that seeks to establish a stringent regulatory framework in the country, a theme that resonates with several governments around the globe after the collapse of FTX. Now, the legislation has been sent to the President, Jair Bolsonaro, for his approval. Among other things, the bill...Read More
[PRESS RELEASE – Zurich, Switzerland, 30th November, 2022] One of Europe’s most exciting blockchain conferences — the World Crypto Conference 2023 — will be held from Jan. 13 to 15 in Switzerland, the global center of traditional finance and one of the world’s most crypto-friendly countries. Fittingly, the WCC2023 takes place just before the annual...Read More
[PRESS RELEASE – Lisboa, Portugal, 29th November 2022] The partnership will allow football fans to collect unique video moments from Copa del Rey, a unique competition that features world-class players such as Maradona, Casillas, Messi, Cristiano Ronaldo, Zubizarreta, Futre, Neymar, Raúl, Iniesta, Hugo Sánchez, among others. RealFevr and the Royal Spanish Football Federation (RFEF), the...Read More
Users lose interest in some cryptocurrencies as negative news about them spreads in specialized and mainstream media. At least, that is what Coinbase thinks, as they will soon stop supporting some tokens with a lot of trajectory among crypto enthusiasts. On November 23, Coinbase, the largest cryptocurrency exchange in the U.S., announced that its wallet...Read More
Since inception, BitMEX has always held 100% of our Bitcoin in secure multi-signature wallets – meaning withdrawals require manual human intervention – and are only processed once per day at 13:00 UTC to maximise our security. Our wallet system is safe and secure, but it creates an undesirably slow user experience – even for low-risk,...Read More
Two robbers reportedly deceived an Asian investor and his friend with a fake bitcoin scheme and stole nearly $50,000, three phones, and documents from them. The Criminal Court sent the wrongdoers to jail for three years and ordered their deportation once going out of prison. Crime in Dubai According to a recent coverage, the assault...Read More
On Tuesday, Sam Bankman-Fried (SBF)’s first long-form interview since FTX’s bankruptcy was published to YouTube by citizen journalist Tiffany Fong. On November 16th, the former CEO offered his perspective on a number of claims made about him since the bankruptcy, and the state of FTX US clients. He also reflected on FTT, the exchange’s native...Read More
