The latest critique came from the top leadership at European Central Bank (ECB), who stated that Bitcoin’s value “is likely to be artificially induced” while adding that the crypto-asset is on a “road to irrelevance.” In the blog post, ECB Director General Ulrich Bindseil and Analyst Jürgen Schaff went on to claim that the world’s...Read More
Sam Bankman-Fried is doubling down on his claim that FTX US should never have filed for bankruptcy. The former FTX boss believes the US entity is still entirely solvent and could re-open for withdrawals right away. The FTX US Situation In a tweet on Thursday, Bankman-Fried reiterated his comments at the New York Times Dealbrook...Read More
Hong Kong-based blockchain gaming giant Animoca Brands is all set to roll out a massive $2 billion fund, dubbed “Animoca Capital,” to invest in metaverse businesses, according to co-founder and executive chairman Yat Siu. While speaking to Nikkei Asia, the exec revealed that the upcoming metaverse fund, which will make its first investment in 2023,...Read More
The government of Italy is reportedly looking to enforce strict rules on the local crypto space by imposing a 26% tax on profits generated from digital asset trading. However, residents who earn less than €2,000 ($2,090) per year from dealing with bitcoin or altcoins will be excluded from the possible upcoming legislation. Italy’s Next Crypto...Read More
Rostin Benham – chairman of the Commodities and Futures Trading Commission (CFTC) – has walked back previous claims that Ether (ETH) and other altcoins should fall under his agency’s jurisdiction. Speaking about the future regulation of crypto following FTX’s bankruptcy, he suggested that only Bitcoin should be viewed as a commodity. Flipping Positions on Ether...Read More
The coins are seeking for a more complex description for themselves since they are no longer satisfied with merely being called a “meme.” They are looking at the possibility of developing new apps and integrating existing ones in order to assure continuing success once the initial buzz has died down. The following are the proposals...Read More
With the buzz around DeFi, heavy changes are springing up in every area that matter to us especially as it concerns how we make money. Have you ever received money for renting out your house, car, land, or even your household utensils? If you did, you would have definitely discovered how easy it was to...Read More
[PRESS RELEASE – Please Read Disclaimer] The Orbeon Protocol investment platform is a new kind of crowdfunding based on buying NFTs representing equity investments. Orbeon Protocol is now in phase 2 of its presale. In phase 1, its price went up by 260%. With projected returns of 60x, analysts think ORBN will have a bright...Read More
[PRESS RELEASE – Los Angeles, California, 1st December 2022] Maincard is thrilled to announce its main net launch. The Polygon-based, NFT-powered, Web3 sports prediction game went live on Nov. 19, the day before the 2022 FIFA World Cup kicked off in Qatar. Maincard features various novel gameplay dynamics, reimagining the Web3 gaming space. To ensure...Read More
New Twitter boss Elon Musk continues to spark controversies, from firing most of the company’s employees to dabbling with key features and restoring banned accounts. Now, the billionaire is up against regulators in the European Union (EU). Musk has, time and again, said that his mission at Twitter is to maximize free speech. He appears...Read More
BitMEX is delighted to announce that the Proof of Liability (PoL) system is now fully live and operational. All BitMEX depositors can now verify their individual liability is included in the total exchange liability balance. This self verification process can be conducted without a third party auditor. Client privacy is preserved, because account balances are...Read More
(Any views expressed in the below should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.)In one week’s time, a new type of crypto derivative – the ETH staking yield swap (ETHYLD) – will arrive at BitMEX. It’s an addition that means traders...Read More
Bear markets always appear to be long, drawn-out affairs, but the steep downtrend only really lasts a year or so. The crypto industry hit its all-time high of just over $3 trillion in market capitalization in November 2021. Almost a year to the day later, on Nov. 22, they hit a cycle low of $820...Read More
Sam Bankman-Fried, the former CEO of FTX, was questioned by New York Times journalist Andrew Sorkin in his very first public appearance through a video call. Sorkin threw a barrage of questions towards the former CEO and also questioned him about the money that had vanished from the exchange immediately after it had filed for...Read More
For several companies in the crypto sector, 2022 marked the end of the line. A few seemingly vanished overnight. But Genesis’ creditors are making desperate calls to save the crypto brokerage from sinking into bankruptcy. According to a Bloomberg report, the creditors of the embattled firm hired restructuring lawyers and are exploring ways to avoid...Read More
