The cryptocurrency brokerage platform – Genesis – and its parent company Digital Currency Group (DCG), reportedly owe customers of Gemini approximately $900 million. Genesis has been coping with severe issues ever since the crash of FTX. It suspended withdrawals in November while its creditors have been making desperate calls to prevent bankruptcy. Almost $1 Billion...Read More
Ethereum co-founder Vitalik Buterin published a blog post on Monday reviewing the development of various blockchain use-cases over the past several years. With years of experimentation now behind the ecosystem, the developer has narrowed down a list of applications that he personally finds most worthy of attention in crypto. Money: The Most Important App Buterin...Read More
El Salvador became the first country in the world to adopt Bitcoin as a legal tender. Fast forward to this year, the crisis worsened in the already battered crypto industry. But President Nayib Bukele plans on doubling down further. After pledging that the government would purchase one Bitcoin every day going forward, despite the meltdown,...Read More
Blockchain-based capital marketplace Maple Finance has cut ties with digital asset hedge fund Orthogonal Trading on allegations that the latter misrepresented its financial statements. Maple said assets within the Orthogonal credit pool remain secure and is expected to close without issue in Q1 2023. The Truth About Orthogonal In a blog post on Monday, M11...Read More
Vitalik Buterin is the co-founder of Ethereum. The 28-year-old is also a founder of Bitcoin Magazine and has been involved in the cryptocurrency world since 2011. You probably know about Vitalik Buterin for his involvement in the crypto world, but let’s dive into some less known facts! He is Big on Donations Buterin is a...Read More
Fintech company and USDC issuer Circle has terminated a business combination deal with special purpose acquisition company (SPAC) Concord Acquisition Corp., but it has not scrapped its plan to go public. Circle’s announcement is the latest in the growing list of SPAC deals that have failed to materialize. Circle and Concord Go Separate Ways Circle...Read More
[PRESS RELEASE – Please Read Disclaimer] The BitKeep mobile terminal is now compatible with WalletConnect 1.0 and 2.0 versions. The Web 3.0 communication protocol WalletConnect has connected to the multi-chain wallet BitKeep, regarding BitKeep as a vital part of the “Wallet + DApp” ecosystem. Users can smoothly experience BitKeep wallet with WalletConnect by scanning the...Read More
[PRESS RELEASE – Please Read Disclaimer] Who is the Brazilian Entrepreneur Luiz Góes Luiz Góes is a business executive with a specialization in process management, leadership, and business implementation. He has worked in fintech management and has promoted several digital business consultancies. He graduated with a bachelor’s degree in military science from Academia Militar das...Read More
[PRESS RELEASE – Please Read Disclaimer] Orbeon Protocol will give away $50,000 worth of ORBEON (ORBN) to one lucky community member to celebrate the runaway success of its pre-sale. But let’s review the landmark success of the novel investment platform behind the token. Notably, analysts are predicting a 6000% price surge from the initial trading...Read More
The king cryptocurrency, Bitcoin, finally crossed the important $17,000 resistance level on December 5 and is currently marching towards $17,600. Due to the uncertainties surrounding the FTX collapse, the leading cryptocurrency fell to a yearly low of $15,700 in November 2022. The price of bitcoin has dropped nearly 74% since reaching an all-time high of...Read More
The Australian cryptocurrency platform Swyftx laid off 90 of its employees, representing around 40% of its total workforce. CEO Alex Harper assured the company is “well-positioned” to cope with the current turbulence caused by the FTX meltdown. However, he expects another market plunge during the first half of 2023, hence the amendments. The Next Victim...Read More
[PRESS RELEASE – Cranfield, England, 3rd December 2022] Investment and philanthropy platform WAHED has donated 5 million of its utility token WAHED Coin to Fondazione Europea Alessandro Cenci (FEAC) at a private event in Rome. FEAC is an Italian non-profit organization focused on awareness, education, and research to improve the care given to children and...Read More
On Dec. 4, Vitalik Buterin responded to a question from a popular community member who said they had grown tired of the scammers and fraudsters in crypto after nine years. Crypto is used primarily as a vehicle for speculation at the moment, and that is where fraudsters thrive. The FTX meltdown was caused by a...Read More
Back on December 12th, Congresswoman Maxine Waters, representative of California’s 43rd district, openly invited the former CEO of FTX – Sam Bankman-Fried – to testify with aim of helping the public understand what happened with the exchange. It appears that SBF is unlikely to make this appearance. Despite the multiple public appearances of SBF throughout...Read More
A prominent Indian cryptocurrency trade body – Bharat Web3 Association (BWA) – has red-flagged the high taxes and regulatory uncertainty in its draft of concerns and recommendations submitted to the Indian Finance Ministry, which is holding consultations in the run-up to the budget for 2023-24. A meeting between the BWA representatives and the Indian finance...Read More
