A new report by Kommersant revealed that sales of Bitcoin mining machines in the country surged rapidly in the fourth quarter, a trend backed by a resurgence of demand, despite the chaotic price action of the crypto-asset. The substantial increase was also spurred by cheap equipment and electricity prices. Chilkoot, which happens to be one...Read More
FTX’s sister trading desk, Alameda Research, bailed out the exchange before it suffered a possible $1 billion trade loss in early 2021. This news comes amid claims from former FTX CEO Sam Bankman-Fried that FTX and Alameda were independently operated firms. As reported by the Financial Times on Friday, people familiar with the matter said...Read More
Galaxy Digital has won the auction for GK8 – a crypto custody platform to be sold as part of bankruptcy proceedings for the insolvent crypto lender Celsius. Galaxy will utilize GK8’s custody solution as it develops GalaxyOne – its own institutional prime offering. As announced by Galaxy on Friday, GK8 founders CEO Lior Lamesh and...Read More
Embattled cryptocurrency exchange Zipmex is all set to be acquired by V Ventures, a subsidiary of Thoresen Thai Agencies Pcl, for $100 million. The venture capital fund is reportedly offering $30 million in cash, and the rest will be paid in crypto tokens. According to Bloomberg, V Ventures will acquire about 90% of Zipmex. The...Read More
[PRESS RELEASE – Please Read Disclaimer] Singapore Dec. 2, 2022 – FNCY, the Web3 entertainment platform presented by Metaverse World, a blockchain subsidiary of Netmarble F&C, launches its own mainnet today and they are one step closer to bring the Web3 world where people can enjoy complete access to all forms of entertainment such as...Read More
Bitcoin price has endured a choppy 2022, with market strategists struggling to point out the bottom. Furthermore, Bitcoin’s price has continued to trend downward since May’s capitulation, fueled by the Terra Luna implosion. With the FTX and Alameda collapse, Bitcoin price may continue downward before forming a bottom According to our latest crypto price oracles,...Read More
CroLend, presenting itself as an algorithmic, autonomous lending protocol built on top of the Cronos network, has deleted all social media pages, the website doesn’t work, and its TVL has been drained to $0. This prompted the community to argue that this is the latest example of a rug pull in the space. Citing user...Read More
Oryen (ORY) breaks new ground by offering investors a stable APY, unlike Aptos, Tron, and Cosmos. As a result, it gathered the attention of investors. The value of cryptocurrencies has fluctuated poorly. On the other hand, ORY’s worth hasn’t changed and it beats the market. It has shown remarkable growth, with a peak increase of...Read More
The Japanese arm of the troubled cryptocurrency exchange FTX is set to resume customer withdrawals after scoring important clarifications with Japan’s Financial Services Authority. According to a new release on the official website of FTX Japan, the platform plans to resume withdrawal services ” in the ordinary course.” The basis for this decision is an...Read More
The non-fungible token (NFT) space may have been spared the brunt of the catastrophic fall of FTX, but the battle for market share continues. Amidst the chaos, Magic Eden – the most popular marketplace for Solana NFTs – announced the launch of a new tool that will enforce royalties on all new collections that opt-in....Read More
[PRESS RELEASE – Miami, US, 1st December 2022] Jelly Shelly Welly (‘JSW’), a Profile Picture (‘PFP’) NFT collection that will pioneer the jelly aesthetic, and is committed to a social good ethos, has dropped its first short movie. The new short movie introduces a virtual world emerging from the shroud of darkness, classical music serenades...Read More
Another multi-million dollar hack has hit the decentralized finance space. The latest victim is BNB Chain-based DeFi protocol – Ankr. Initial reports suggest that a vulnerability in its code that enabled unlimited minting of tokens was exploited. Ankr promptly confirmed the attack and added that it has reached out to other decentralized exchanges urging them...Read More
On Dec. 1, the Wall Street Journal published another attack on the crypto industry, targeting Tether this time. The outlet claims that the company has “increasingly been lending its own coins to customers rather than selling them for hard currency upfront.” It added that these loans add risk that the “company may not have enough...Read More
Former FTX CEO Sam Bankman-Fried may have apologized dozen times for the failure of his firm, but there’s no stopping the contagion. Another casualty came in the name of a crypto trading platform – Aurus Global – which is currently facing a “short-term liquidity issue” due to FTX insolvency. Aurus Misses Principle Payment Amount of...Read More
