Waves blockchain platform founder, Sasha Ivanov, announced plans to launch a new stablecoin as Waves-backed Neutrino Dollar (USDN) failed to secure its peg. As per the Twitter update, Ivanov vowed that the new stablecoin would be “undepeggable.” The Waves founder also revealed that there will be a “USDN situation resolution plan set in motion before”...Read More
Uniswap has announced a partnership with fintech firm Moonpay to enable users to purchase cryptocurrency on its web app using debit cards, credit cards, and bank transfers. The new service aims to address a deep-rooted issue for decentralized exchange protocols that do not support fiat pairs. However, their centralized counterparts do. As part of the...Read More
Bankrupt Bitcoin miner Core Scientific may be about to forfeit nearly all corporate equity in order to pay off its debt. Owners of the company’s convertible notes are seeking a 97% acquisition of the firm in return for up to $75 million of debtor-in-possession financing. Core Scientific’s Restructuring Plan As announced by the mining firm...Read More
Ray Youssef – founder and CEO of peer-to-peer crypto marketplace Paxful – announced on Wednesday that Ethereum will soon be booted from its marketplace. The CEO argued that the second largest cryptocurrency is working against his company’s mission to free humanity from “economic apartheid.” Paxful’s Problems With Ethereum Per a tweet from Youssef, ETH will...Read More
Oryen Network is a new financial protocol that makes staking easier. It is built on Binance Smart Chain and promises to lead a revolution in DeFi. Oryen Autostaking Technic (OAT) is the key technology enabling users to receive fixed interest rates of 0.177% daily or with a compounding 90% annually, which tops the industry standard...Read More
The Aussie cryptocurrency exchange – Swyftx – and the investment platform – Superhero – have reportedly abandoned the previously planned $1 billion merger deal. Some of the main reasons are the enhanced control over crypto firms in Australia and the diminishing interest in digital assets following the spectacular collapse of FTX. Swyftx Takes Another Punch...Read More
In a market outlook report published on Dec. 20, Coinbase Institutional stated that the crypto winter will extend well into 2023, especially for altcoins. Company analysts expect digital asset selection will transition towards “higher quality names” like Bitcoin and Ethereum. This is based on several factors, such as sustainable tokenomics, the maturity of respective ecosystems,...Read More
The Advertising Standards Authority (ASA) – UK’s advertising regulator – banned an NFT promotion by Crypto.com on December 21. According to the press release, ASA flagged a paid-for Facebook advertisement for the crypto platform, citing failure to illustrate the risk of investing in NFTs as well as clarify details with regard to fees. This isn’t...Read More
Elon Musk said he will appoint a new Chief Executive Officer of the social media giant as soon as he finds “someone foolish enough” to fill the position. The entrepreneur previously launched a poll asking users whether he should step down as Twitter’s CEO. Over 57% of the participants answered “yes.” Vox Populi, Vox Dei...Read More
[PRESS RELEASE – Stockholm, Sweden, 20th December 2022] My Neighbor Alice is a blockchain-based social game that has been popular among its users since its initial release and has now launched version 2 to mainstream audiences. My Neighbor Alice successfully released its game version 2.0 to the mainstream audience on December 16, 2022. The online...Read More
The best online crypto casinos present users with lower fees, bigger bonuses and enhanced privacy. Bitstarz, Stake.com and BC.Game are considered some of the best crypto casinos in the USA today. By the end of this latest guide, you’ll be able to make your own mind up and you’ll also find out more about how...Read More
Sam Bankman-Fried, the former boss of the failed cryptocurrency exchange FTX, is flying back to the United States as early as Wednesday. This was revealed by Doan Cleare, the acting commissioner of corrections for the Bahamas Department of Correctional Services, according to a new report by NBC News. Bankman-Fried, who is currently in the Fox...Read More
Once prominent Bitcoin miner – Core Scientific – is the latest one planning to file Chapter 11 bankruptcy protection in Texas. Mining companies are experiencing turmoil and a lingering crisis of confidence in digital assets after the collapse of Sam Bankman-Fried’s FTX. While Bitcoin miners may not have had direct exposure to the now-collapsed crypto...Read More
Riot Games – an American company famous for developing the video game League of Legends – reportedly filed a motion to end its collaboration with FTX. The collapsed crypto platform has caused “reputational” damage to the gaming firm and owes it over $6 million. ‘FTX Cannot Turn Back the Clock’ As reported by GamesIndustry, Riot Games is...Read More
Jo Johnson – the brother of the UK’s former PM, Boris Johnson – reportedly resigned from his advisory role in Bifinity (a payments technology company launched by Binance). The world’s largest cryptocurrency platform has had several brushes with British regulators over the past few years. Despite the tension, the company aims to become a registered...Read More
Negative press surrounding bankrupt crypto exchange FTX has inspired the Democratic Senate Majority PAC to return $3 million in political donations from the company’s executives. Those donations include $2 million from FTX’s ex-head of engineering, Nishad Singh, and $1 million from disgraced former boss Sam Bankman-Fried (SBF). Returning Tainted Money As reported by CNBC, a...Read More
