The collapsed cryptocurrency exchange FTX reportedly paid 94% of the $84 million purchase of a majority stake in Blockfolio in FTT tokens. The coin played a leading role in the platform’s crash last month. CZ said Binance plans to dump its entire FTT stash (23 million tokens worth over $580 million at the time) amid...Read More
DataDash founder a veteran crypto analyst Nicholas Merten predicts more pain ahead for Bitcoin’s price based on a combination of technical indicators and macroeconomic pressures. The analyst referenced price charts for three different assets to back up his claim: BTC, ETH, and AAPL. Where Bitcoin’s Price Will Crumble In a video published on Wednesday, Merten...Read More
In the final trial between Bitcoin proponent Peter McCormack and computer scientist Craig Steven Wright (CSW), UK High Court Judge Martin Chamberlain ruled that the former should pay a fine of $1.1 million. According to the court document, McCormack failed to prove that he was telling the truth when he labeled Wright a fraud. However,...Read More
FTX founder Sam Bankman-Fried is to be released on bail, as ruled by a New York federal judge on Wednesday. The bail deal, as orchestrated by federal prosecutors and Bankman Fried’s defense attorneys, will see the former billionaire post a $250 million bond and be required to stay at his parents’ home in Palo Alto,...Read More
President Jair Bolsonaro of Brazil has approved a bill of crypto industry regulations most recently passed by the nation’s Senate and Chamber of Deputies. The bill, signed into law on Thursday, will take effect in 180 days, by which time crypto companies in the region must adapt to the new rules. Having passed through Parliament...Read More
Scott Minerd – Chief Investment Officer of global investment firm Guggenheim Partners – passed away on the morning of December 22 due to a heart attack. As announced by Guggenheim on Thursday, Minerd’s “untimely” and “unexpected” heart attack occurred during one of his regular workouts. According to the statement, Minerd joined Guggenheim as a Managing...Read More
Crypto prices are moved significantly by large transactions conducted by whales. Whales in crypto are individuals or entities that purchase or sell large sums of a specified cryptocurrency. In other words, a whale is a digital asset market participant that owns large quantities of a specific cryptocurrency, enough to influence the trading price of the...Read More
Ethereum’s transition to Proof-of-Stake has undoubtedly been the most significant technical accomplishment in the blockchain industry in 2022 and perhaps even beyond. To facilitate the process, those who wished to secure the Beacon chain had to deposit a minimum of 32 ETH to become validators. The economic incentive to do so was (and still is)...Read More
Terra Classic (LUNC) Terra Classic is approaching the end of the yearly trade, marking the lowest levels ever since it was rebranded and separated from Terra. The price is closer to adding up another zero in its value after facing rejection from interim highs around $0.00014106, in the past few days. The LUNC price is...Read More
The spectacular collapse of FTX warrants every bit of attention that it has garnered so far. The bosses of the once high-flying business were allegedly involved in shady business operations behind-the-scenes using customer funds. Sam Bankman-Fried, the 30-year-old founder of the bankrupt crypto exchange was extradited on suspicion of committing “one of the biggest financial...Read More
The plane carrying the notorious founder of crypto exchange FTX – Sam Bankman-Fried – has reportedly touched down in the United States. He is expected to appear in court in New York City later today (December 22). If convicted on all charges, SBF could go to prison for up to 115 years. A recent coverage...Read More
[PRESS RELEASE – São Paulo, Brazil, 22nd December 2022] BC.GAME has announced that David Luiz, a Brazilian professional football player of the Flamengo team, has become its official brand ambassador. As the crypto casino’s brand ambassador, Luiz will consistently collaborate with BC.GAME to help promote the casino platform and engage with its community through social...Read More
The crypto markets remain close range as the bears appear to have held the top cryptos under their respective resistance. However, being a little different from the other market trends, the XRP price is displaying notable bullish momentum, which is much needed to maintain a significant upswing until the end of the 2022 trading period. ...Read More
The co-founder of the bankrupt crypto exchange, Gary Wang, and the former chief executive of Alameda Research, Caroline Ellison, pleaded guilty to federal criminal charges that they helped Sam Bankman-Fried orchestrate a years-long scheme to defraud investors in FTX. This was revealed by the US attorney for New York’s Southern District, Damian Williams. Statement of...Read More
As we celebrate the holiday season and edge closer to 2023, we’d like to take the opportunity to reflect on our achievements – the big and the little, the storms we’ve weathered, and look forward to the year ahead. To set the scene, in 2021, we became one of crypto’s largest fully-verified exchanges and expanded...Read More
Rishi Ramchandani – a former executive at the bankrupt crypto platform BlockFi – became the APAC Web3 Lead of Google. The world’s largest search engine argued earlier this year that Web3 is a market that demonstrates “tremendous potential” and established a dedicated team. Finding Shelter in Google In a recent post on LinkedIn, Ramchandani said he...Read More
