Less than two weeks into the new year, malicious entities have already started doing what they do best. According to the latest update by the blockchain security company CertiK, two recently created contracts – CirculateBUSD and CirculateWBNB – have been pumped away by the creators. The funds have been bridged to Ethereum and deposited into...Read More
Bitcoin has returned to $19,000 for the first time since October, soaring beyond its low trading range established after FTX’s collapse. The move has many on crypto twitter calling for a new bull market – though some believe it’s a bull trap. Bitcoin traded for $17,911 early on Thursday, experiencing some volatility after December’s CPI...Read More
Digital Currency Group (DCG), the parent company of wholly-owned subsidiary, crypto brokerage firm Genesis, is reportedly looking to offload some of its venture capital portfolios to raise funds to cover part of the latter’s debt crisis. Genesis halted withdrawals in November, becoming the latest crypto lender to face a financial crisis. According to the Financial...Read More
Sam Bankman-Fried (SBF) has released a written statement detailing his account of FTX and Alameda Research’s collapse, including approximations of each firm’s financials before it took place. The former CEO maintains that FTX could have made customers “substantially whole” within a few weeks, had he not been pressured to file for bankruptcy. The Pre-Mortem The...Read More
Samsung investment arm’s subsidiary – Samsung Asset Management Hong Kong (SAMHK) – outlined plans to list Samsung Bitcoin Futures Active ETF on the Hong Kong stock market starting January 13. According to the official announcement, the fund in question is a sub-fund of Samsung ETFs Trust III, an umbrella unit trust established under Hong Kong...Read More
The crypto space is curiously waiting for the Consumer Price Index (CPI) data which is scheduled to be released today, Jan 12 2023. The crypto market sentiment ahead of CPI release seems to be quite positive as the world’s largest cryptocurrency by market cap, Bitcoin has surged beyond $18,000 levels. Bitcoin price rally has influenced...Read More
The US Labor Department just announced the inflation numbers (CPI) for the last month of 2022, and they stand at 6.5% YoY. At the same time, most experts also nailed the core CPI increase at 5.7%. CryptoPotato reported earlier this week that all eyes will be on the US Labor Department come Thursday, with most...Read More
El Salvador faced a tough year after making Bitcoin legal tender in the country. But the country’s Legislative Assembly voted to pass a historic – Digital Asset Issuance legislation – that is expected to set the stage for the issuing of President Nayib Bukele’s bitcoin bonds, aka, the Volcano Bonds. The new law will focus...Read More
[PRESS RELEASE – Singapore, Singapore, 12th January 2023] Molecular Group, a leading investment firm based in Hong Kong, is pleased to announce the establishment of its new investment company, XMG Capital. Located in Singapore, a hub for the rapidly growing blockchain industry, XMG Capital will focus on investing in high-quality blockchain projects, equity, tokens, and...Read More
[PRESS RELEASE – Abu Dhabi, Abu Dhabi, 11th January 2023] Venom Foundation, the first Layer-1 blockchain licensed and regulated by the Abu Dhabi Global Market (ADGM), and Iceberg Capital, an ADGM-regulated investment manager, officially announce that they have partnered to launch a $1 billion venture fund called Venom Ventures Fund (VVF). The blockchain-agnostic fund will...Read More
Bitcoin and its brethren appear to be healing from the damage done by the FTX collapse and the contagions that followed. The asset hit an intraday and two-month high of $18,287 during the Thursday morning Asian trading session. BTC has now gained 10% over the past fortnight and is up 4.2% over the last 24...Read More
The crypto markets have been pleasant on the market participants as the majority of cryptos are heading towards their pivotal resistance, as soon as Bitcoin ignited a minor bull rally. Additionally, the global crypto market capitalization is also heading toward $900 billion, soaring by nearly 5% in the past 24 hours. Following the star crypto,...Read More
Thailand’s Securities and Exchange Commission (SEC) has reportedly launched an investigation against the distressed cryptocurrency platform Zipmex. The watchdog will inspect whether the latter breached some domestic rules when offering digital asset services and products. More Problems for Zipmex According to a Bloomberg coverage, the top financial regulator of Thailand will probe the bankrupt Zipmex for...Read More
