Category: News
Latest news on blockchain, cryptocurrencies and the crypto world in general.
FTX’s Bahamas Division Files for Bankruptcy in the US
Reading Time: < 1 minuteFTX Digital Markets (FDM), the subsidiary of FTX based in Bahamas, has filed for Chapter 15 bankruptcy in the Southern District of New York.
Paradigm: “We Should Not Have Invested in FTX”
Reading Time: < 1 minuteAccording to Matt Huang, Paradigm’s co-founder and managing partner, the company “deeply regrets” its investment in cryptocurrency exchange FTX.
Russia and Cuba May Use Cryptocurrencies to Avoid Sanctions
Reading Time: < 1 minuteTo carry out mutual settlements bypassing such restrictions, countries can use digital currencies.
According to Sam Bankman-Fried, the Situation Could Be Even Worse
Reading Time: < 1 minuteThe former CEO of crypto exchange FTX has admitted that events could have developed in a more dramatic manner.
1inch Network Releases 5th Version of its Liquidity Aggregator Protocol with Decentralized Exchanges
Reading Time: < 1 minuteDeFi project 1inch Network has recently launched the fifth version of the liquidity aggregator protocol with DEX.
US Treasury Secretary Janet Yellen Believes FTX’s Crash Shows How Weak the Crypto Industry Is
Reading Time: < 1 minuteJanet Yellen has said the FTX incident has showed that the cryptocurrency industry needs “very careful regulation.”
Binance Intends to Release a Recovery Fund for the Crypto Industry
Reading Time: < 1 minuteBinance plans to launch a fund to reduce the cascading negative impact of the FTX collapse on the industry.
Mining Company Bitfarms Lost $85 Million in Q3 2022
Reading Time: < 1 minuteMining company Bitfarms recorded a net loss of $85 million in Q3 2022.
Crypto Lending Platform Vauld Gets an Extension of Temporary Protection from Creditors
Reading Time: < 1 minuteCrypto lending platform Vauld has achieved an extension of the moratorium on proceedings until January 20, 2023.
Unknown Users Withdraw More than $400M from FTX
Reading Time: < 1 minuteUnknown users have transferred more than $400 million from FTX accounts to third-party addresses.
NYDIG Chairman: “People Should Choose BTC Over Other Altcoins”
Reading Time: < 1 minuteRoss Stevens has urged participants in the crypto industry to invest exclusively in BTC.
Binance Discloses Information About its Crypto Reserves
Reading Time: < 1 minuteA page with a list of the exchange’s cryptocurrency reserves has appeared on the Binance website.
These Are the Most Popular Crypto Scams Since 2018, According to CFPB
Reading Time: < 1 minuteAccording to the US Consumer Financial Protection Bureau (CFPB), romance scams and pig butchering schemes are recognized as the most popular tactics used by bitcoin scammers.
Tether Freezes FTX’s $46M in USDT
Reading Time: < 1 minuteTether Limited has blocked 46,370,701 USDT on the Tron blockchain, owned by FTX, at the request of law enforcement agencies.
Circle’s CEO Compares FTX’s Crisis to Lehman Brothers’ Crash
Reading Time: < 1 minuteThe insolvency of FTX is comparable to the collapse of the Lehman Brothers investment bank, which was the catalyst for the 2008 crisis.
MiCA Bill Should Simplify the Work of Crypto Companies in Europe
Reading Time: < 1 minuteThe MiCA cryptocurrency regulation bill will benefit small digital asset companies.
Binance Increases its SAFU Fund to $1B
Reading Time: < 1 minuteBinance has increased its SAFU fund to $1 billion amid market turbulence caused by FTX’s insolvency, according to the platform CEO Changpeng Zhao.
Mining Firm Riot Blockchain Lost $36.6M in Q3 2022
Reading Time: < 1 minuteMining company Riot Blockchain has recorded a net loss of $36.6 million in the third quarter.
Crypto Lending Platform BlockFi Unveils Savings Accounts for Accredited Investors
Reading Time: < 1 minuteCrypto lending platform BlockFi has resumed providing services related to Yield savings accounts to US residents.
Alameda Research Denies BitDAO’s Suspicions in Project’s Token Dump
Reading Time: < 1 minuteSam Bankman-Fried’s Alameda Research has recently confirmed the existence of 100 million BitDAOs in response to a community inquiry.
Crypto Newswire Service Chainwire Awarded 9 Excellency Badges by Software Marketplace G2
Reading Time: < 1 minuteChainwire has recently received nine badges by software marketplace G2.
Astar Network and NTT Docomo Work Together to Speed Up Web3 Adoption
Reading Time: < 1 minuteNTT Docomo and Astar Network have announced they have entered into a partnership to accelerate the adoption and social implementation of Web3.
Binance Launches $1M Reward Initiative for Football Fans
Reading Time: < 1 minuteCrypto exchange Binance has just announced the launch of a new online challenge where football fans can win a share of a rewards pot including more than $1,000,000 in tokens.
Vitalik Buterin Releases New Ethereum Roadmap
Reading Time: < 1 minuteVitalik Buterin has recently published an updated roadmap for Ethereum development.
Bybit Will Not Ban Russian Users
Reading Time: < 1 minuteCrypto exchange Bybit will not impose restrictions for Russian users.
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