Nonfungible Token (NFT) sales are still in the gutter since their boom in popularity last year – and FTX’s bankruptcy has done nothing to help their prospects. Weeks after the exchange’s collapse, NFT volumes have plummeted to a 16-month low. According to data provided by Dappradar, NFT trading activity hasn’t seen such lows since July...Read More
The infamous Canadian investor and Shark Tank star Kevin O’Leary spoke further about FTX’s collapse on Thursday, revealing the exact amount of money FTX paid him to promote their brand. He also broke down how much money he lost within the exchange, and what the investor mentality surrounding the company was like prior to its...Read More
Users of the Alameda-backed Ren Protocol risk losing their money if they don’t take immediate action, warned the project team over Twitter on Thursday. The cross-chain bridge said the upcoming upgrade (Ren 2.0) to its existing product (Ren 1.0) may not be compatible with the prior version. Disconnecting From Alameda Ren encouraged users to quickly...Read More
Hong Kong’s legislative council has added a new amendment to the Anti-Money Laundering and Counter-Terrorist Financing (Amendment) Bill 2022 to accommodate the cryptocurrency industry. The legislation will essentially introduce a licensing regime for virtual asset service providers (VASPs). Hong Kong’s Licensing For VASPs Under the new additions, VASPs seeking to start operations in the region...Read More
Financial service behemoth PayPal has announced expanding its crypto service to Luxembourg soon in its first foray into the European Union (EU). According to an update shared by the company, the service will be made available in the “coming days,” following which eligible customers will be able to buy, sell and hold crypto-assets in their...Read More
The FTX meltdown may have laid the groundwork for an unprecedented shift in user activity from centralized finance (CeFi) to decentralized finance (DeFi), but the total value locked in the services provided by the latter has taken a serious hit. A new report by Dapp Radar suggested that the non-fungible token (NFT) market has not...Read More
The Chainlink price after undergoing a giant downswing after facing rejection from the levels just below $10, smashed the lower support below $6 within a couple of days. Meanwhile, the LINK price rebounded finely, but woefully the upper cap was restricted at $7.92 as bears slashed the price further. But what went wrong with the...Read More
[PR – London, United Kingdom, 8th December, 2022, Chainwire] Metacade, the first-ever community-developed play-to-earn (P2E) blockchain arcade, has announced the launch of its highly anticipated $MCADE token presale. The sale of Metacade’s native utility token sold over an incredible $670k in under 2 weeks, with their Beta Sale stage now over 60% SOLD OUT. $MCADE is...Read More
[PR – Southington, United States, 7th December, 2022, Chainwire] Bulls & Apes Project LLC (B.A.P.) introduces Community Tokenization, an industry-changing initiative. B.A.P., a web3 company with a vision to create a world of infinite opportunities, launched its inaugural collection on May 31, featuring an industry-first 6-Month ETH-Back Guarantee, and has defied bear market conditions by...Read More
A federal judge dropped the crypto scam lawsuit against the American media personality and businesswoman – Kim Kardashian. Numerous investors of EthereumMax (EMAX) started a legal battle against the famous individuals claiming they had used their popularity to inflate the token’s price by promoting it on social media. Kim Kardashian, Floyd Mayweather, Paul Pierce, and...Read More
[PRESS RELEASE – Please Read Disclaimer] Singapore, – Leading blockchain based climate tech startup, operated by YES WORLD Climate Tech Pte Ltd based out of Singapore, launches Utility services portal that supports thousands of merchants in over 80 countries worldwide. YES WORLD announced today to the global community members that YES WORLD Token is getting adoption...Read More
The Bitcoin (BTC) price appears to be on the brink of consolidation & expected to face a minor rejection in the short term. The rejection may enable the price to form new lows for the current bearish cycle which may further trigger a massive rebound. That said, the possibility of closing the yearly trade on...Read More
One of the largest cryptocurrency miners – Marathon Digital – has reportedly hired restructuring specialists to clarify its exposure to the troubled data center Compute North Holdings. Marathon will also seek advice from the professionals on whether to acquire the entity. Weighing a Bid Compute North is yet another crypto firm that took a major...Read More
The former CEO of the bankrupt crypto exchange FTX – Sam Bankman-Fried (SBF) – might also be involved in Terra’s crash. Federal prosecutors have launched an investigation to determine whether he manipulated trades that led to the collapse of UST and LUNA earlier this year. Orchestrating Terra’s Catastrophe, too? According to a recent New York...Read More
In a hearing on Dec. 7, bankruptcy judge Martin Glenn ordered the embattled crypto-lending firm to return funds that were not part of its yield-bearing accounts. The total is around $44 million, which represents a small fraction of the billions in crypto still owed to Celsius customers, according to Bloomberg. “I want this case to...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.) A new breed of crypto derivative – the ETH staking yield swap (ETHYLD) – has arrived at BitMEX. It’s an addition that means, from today at 04:00...Read More
Yet another US politician at the center of crypto industry regulation has changed stances on Ether’s legal classification. Senator Cynthia Lummis (R-WY) revealed Wednesday that she now views the second largest cryptocurrency as a security – not a commodity. Bitcoin is the Only Crypto Commodity: Lummis Lummis expressed her changed view on the asset with...Read More
We recently increased the number of crypto conversion options available on BitMEX – giving users the ability to convert USD Coin (ERC-20) into all of the coins and tokens we support – and vice versa. Fast forward to today, and we’ve added support for three additional cryptocurrencies – ADA, DOT and XTZ – with more...Read More
A federal bankruptcy judge has approved the issuance of subpoenas to the co-founders of the collapsed hedge fund – Three Arrows Capital (3AC) – Su Zhu and Kyle Davies. In a document published on Tuesday, United States Bankruptcy Judge Martin Glenn for the Southern District of New York stated, “The foreign representatives and their agents...Read More
