Scammers have created a fake FTX token, dubbed FTX 2.0, to impersonate the now-bankrupt crypto exchange less than 24 hours after the company’s new CEO announced that the platform could be revived. According to blockchain security firm PeckShield, the bad actors sent the tokens to the FTX exchange, pretending to add liquidity before airdropping them...Read More
Charles Hoskinson, CEO of Input Output Global, the firm behind the Cardano blockchain, is interested in purchasing the crypto news website CoinDesk. The latter is exploring a potential sale as its sister firm slid into bankruptcy. CoinDesk’s Kevin Worth recently asserted that the publication was receiving “numerous inbound indications of interest.” On Potential CoinDesk Acquisition...Read More
Genesis, which filed for bankruptcy today, was in dispute with Gemini exchange. As per the exchange, Genesis owes nearly $900 million to Gemini customers due to its lending product, Earn. While Genesis filed for bankruptcy today it claimed that the first’s liabilities and assets are nearly $1 billion to $10 billion along with 100,000 creditors....Read More
Miami’s Bitcoin-bullish Mayor, Francis Suarez, remains faithful to the asset after the collapse of one of the world’s largest crypto exchanges shook confidence in the industry. The mayor suggested that Bitcoin can still provide numerous benefits not offered by the fiat currency system. Could Bitcoin Replace the Dollar? During an interview with CNBC on Friday,...Read More
The cryptocurrency rally this month was so robust that traders are looking out for the price bottom. Is the market there yet, or will bears take the prices back down to key optical support at $20K? Here are four new bullish indicators for the BTC price. Solid MA Crossover in New Bitcoin Addresses On-chain intelligence...Read More
Ben Zhao, the founder of crypto exchange Bybit, took it to Twitter to address concerns raised over the company’s exposure to the now-bankrupt crypto lender Genesis Global Capital. According to court filings, Genesis owes its top 50 creditors $3.4 billion, including Bybit’s investment unit Mirana. The filing shows that the crypto lender owes Mirana approximately...Read More
Stocks and bonds got a nice lift in January out of fizzling inflation, strong consumer and job confidence, and hopes of lower interest rates. But the cryptocurrency spot exchange market absolutely surged on a Bitcoin price rally at the same time. The BTC price has recovered so dramatically since the start of the year that...Read More
The crypto markets continue to trade under a bullish influence despite another bankruptcy struck-in. Bitcoin price continues to trade close to the crucial levels around $21,000 and hence the other major altcoins also appear to have withstood the turbulence. Interestingly, Shiba INU prices continue to trade above the gained levels of around $0.000011 despite millions...Read More
The Co-Founder of Gemini – Cameron Winklevoss – said he could sue the CEO of Digital Currency Group – Barry Silbert – for allegedly defrauding over 340,000 Earn users. The threat comes shortly after Genesis (a subsidiary of DCG) filed for Chapter 11 bankruptcy protection. The Verbal Fight Goes on The partnership between Genesis and...Read More
Back in September, the Californian DFPI and other U.S. regulators ordered Nexo to desist from offering Earn Interest Products (EIP), which in the company’s case took the form of crypto asset lending accounts. At the time the charges were filed, Nexo had already ceased offering the accounts to U.S. investors. However, U.S. investors could still...Read More
Digital Currency Group (DCG) subsidiary Genesis has finally filed for Chapter 11 bankruptcy in the Southern District of New York (SDNY) court late Thursday night. The platform was engaged in a series of confidential negotiations with several creditor groups for weeks amid a liquidity crunch. According to the latest report, Genesis Global Holdco and two...Read More
XRP price has kept traders and investors on the verge of volatility as the trend creates confusion in the crypto space with concerns regarding the controversial central banks. Market experts believe that a sudden change in the monetary policy from the Bank of Japan and responses from European Central Bank (ECB) official Villeroy may develop...Read More
Open source and decentralized protocol ssv.network DAO has launched a $50 million Ecosystem Fund dedicated to supporting the development of Distributed Validator Technology (“DVT”) based applications. According to a press release shared with CryptoPotato, the project secured the funds from various industry investors, including DCG, OKX, HashKey, NGC, Everstake, HackVC, GSR, Chorus.One SevenX, and 1kx....Read More
