Starting this weekend, the Kraken logo will be exposed to millions of users thanks to the exchange’s partnership with the famous Formula 1 racing team, Williams Racing. On March 28th, Kraken, one of the largest cryptocurrency exchanges worldwide, announced the signing of a sponsorship agreement with Williams Racing, considered one of the four top Formula...Read More
Buried in a mountain of charges from the Justice Department, Former FTX CEO Sam Bankman-Fried (SBF) is reportedly paying his legal fees with money gifted to his father that was initially borrowed from his trading firm, Alameda Research. The multi-million dollar revelation comes after Bankman-Fried claimed in late November that he had just $100,000 left...Read More
The American actor – Matt Damon – partnered with Crypto.com in 2021 to become the face of its marketing campaign. However, the ad called “Fortune favors the bold” received severe backlash from the community. In a recent interview, he admitted that the exchange distributed $1 million to his charity entity, water.org, which has become his...Read More
The President of the United States – Joe Biden – thinks the turbulence that recently shook the banking sector is not entirely gone. As such, his cabinet is ready to impose further legislative changes to cope with any potential issues in the future. Two of America’s leading banks – Silicon Valley Bank (SVB) and Signature...Read More
A controversial bill to ban the popular social media app TikTok could potentially be used to clamp down on crypto, say legal policy experts at Coin Center. The crypto-focused non-profit claimed that, in extreme cases, the legislation could be used to “block Americans’ access to open source tools or protocols like Bitcoin.” A Silent Attack...Read More
In the last few days, investor interest in Cardano (ADA) price has surged as its competitor’s zkEVM went live on Tuesday after completing its beta stage. This renewed attention to the Cardano network has created a significant boost for ADA price, resulting in broad attention and increased investor inflow. As Cardano’s price continues to break...Read More
XRP has been defying the market-wide decline as it continued its impressive recovery for the month. The asset – that is at the center of the Ripple lawsuit brought by the US Securities and Exchange Commission (SEC) – has surged by nearly 13% over the past day alone. XRP Surges to 10-Month High According to...Read More
The major cryptocurrency is rising as Bitcoin prices surged above $28,000 per coin during the last week of March. This may look like fiddling while Rome is burning after the collapse of some key banks for the crypto market in the United Stated. Banks Are Tumbling First, Silvergate Bank (SI) was liquidated, then Silicon Valley...Read More
[PRESS RELEASE – MELBOURNE, AUSTRALIA, 29th March 2023] Brand Ambassadors Daniel Ricciardo, Scotty James, and McLaren F1 driver Oscar Piastri join event at Melbourne Arts Centre to celebrate ahead of Australian Grand Prix OKX, the second-largest crypto exchange by trading volume and a leading Web3 technology company, today announced that it will open an office...Read More
[PRESS RELEASE – New York, US, 29th March 2023] Boosty Labs and IOST Labs have announced their partnership to further advance the growth of IOST’s engineering community and incubation program. The partnership will focus on expanding the ecosystem by inviting JavaScript engineers to develop services on the IOST blockchain and create value for both engineers...Read More
Bitcoin (BTC) has made a remarkable comeback in 2023, achieving its best quarterly gain in two years with a 72% increase so far this year, as per the latest update. At the time of writing, the value of BTC is $28,398, raising the cryptocurrency’s market capitalization to $542 billion, pushing it ahead of other competing...Read More
Mike Novogratz – the CEO of Galaxy Digital – opined that China’s less hostile stance on the crypto industry could be one reason behind bitcoin’s possible price increase in the next several months. The Hong Kong subsidiaries of some leading Chinese banks have recently offered their services to local cryptocurrency businesses. Novogratz’s Bullish Forecast The...Read More
Decentralized finance (DeFi) project SafeMoon saw its liquidity pool (LP) compromised on Tuesday through a public token bug, with the attacker draining wrapped BNB (WBNB) from the protocol. SafeMoon announced the attack on Twitter, disclosing it was working to resolve the issue as soon as possible. However, the platform did not share details of the...Read More
The notice comes after NYCB’s purchase of most of Signature’s deposits and loans. After Signature was placed in receivership by the FDIC, the process of bidding for its remaining business operations, as well as the branding associated with the company, kicked off. The FDIC’s takeover came shortly after the collapse of both Silvergate and SVB....Read More
On March 28th, the Ethereum protocol support team posted an update on the mainnet Shapella launch date. They confirmed that the hard fork will occur on April 12, two weeks from today. Shapella is the new name for the Shanghai upgrade as it combines changes to the execution layer (Shanghai), the consensus layer (Capella), and...Read More
Walt Disney has knocked metaverse plans off its priority list. The entertainment giant’s “next-generation storytelling and consumer experiences” division had been tasked with exploring metaverse strategies. But now Disney is eliminating the entire division as part of its restructuring map, which entails reducing the headcount by nearly 7,000 across the company over the next two months....Read More
Former FTX boss Sam Bankman-Fried (SBF) has been slapped with another lawsuit from the Department of Justice (DOJ) for sending millions of dollars in bribe money to Chinese government officials The department claims that the bribe, worth $40 million, was to induce the government to unfreeze accounts connected to FTX’s sister trading firm, Alameda Research. ...Read More
