The top financial regulator in Italy – Organismo Agenti e Mediatori (OAM) – greenlighted the digital asset exchange CryptoCom to provide a range of products and services to Italian clients in compliance with domestic law. In addition, the German investment platform – Trade Republic – also expanded its presence to the southern European country, registering...Read More
The data center of the bitcoin miner Marathon Digital – Applied Blockchain – secured around 254 megawatts of new hosting power for the company’s operations, and it could boost the supply to 324 megawatts if it collaborates with other providers. The move should aid Marathon’s goal of reaching approximately 23.3 EH/s of computing power for...Read More
Staking is still a relatively new phenomenon in the world of virtual currencies. And also many individuals are still not familiar with its advantages. While blockchains like Ethereum have their importance in the industry, the need for faster alternatives continues to exist. For instance, ETH cannot be moved/traded or used as collateral or users can...Read More
The Federal Bureau of Investigation (FBI) warned financial institutions and investors to be careful when dealing with digital assets because the sector is rammed by scammers whose only goal is to defraud people. As of the moment, the agency has identified 244 victims of fraudulent crypto schemes who lost a combined sum of $42.7 million....Read More
Michael Novogratz – CEO of Galaxy Digital – recently said that he underestimated the extent to which leverage was circulating in the crypto economy over the past two months. He summarized the process by which large institutions have fallen during the bear market, boiling their failure down to “inane” risk management. Frustration With the Crypto...Read More
Former Celsius senior executives have revealed the crypto lending company had been struggling internally for years before going bankrupt, contrary to the firm’s claims that its problems stemmed from the recent market crash. Poor Risk Management and Disorganization According to the employees, Celsius was disorganized and lacked proper risk management. Internal documents reviewed by CNBC...Read More
Sam Bankman Fried, CEO of FTX, went into great detail on what he sees as the next major risk. The largest issue facing the globe and its economy, in SBF’s opinion, is how we will respond to the next pandemic. The Covid-19 pandemic, in the opinion of SBF, does not represent the worst-case scenario of...Read More
An OpenSea user has placed a bid for 1,000,000 USDC on the ENS name of ‘amazon.eth’. The offer is set to expire on Tuesday at 15:00 EST. According to the listing page, previous offers to purchase the name were for only a few thousand dollars each. For example, the two next most recent offers were...Read More
Anthony Scaramucci’s Skybridge Capital has halted investor redemptions for one of its hedge funds – Legion Strategies. The fund, with $230 million in assets under management (AUM), happens to be one of the smaller offerings of the investment firm. Since the peak of the 2021 bull run, several crypto-assets, including Bitcoin and Ethereum, have plummeted...Read More
[PRESS RELEASE – Please Read Disclaimer] It’s safe to say that the blockchain industry has well outgrown its initial birth-project Bitcoin, as the underlying technology now finds implementation in countless different niches. DeFi and NFT took the world by storm in the past two years, and it only seemed natural that gaming will be the...Read More
[PRESS RELEASE – Vienna, Austria, 19th July 2022] Exciting news for crypto enthusiasts seeking to invest in NFT as an alternative asset class, artèQ token is getting its first listing on CEX. The artèQ NFT Investment Capital today announced its centralized exchange listing on BitMart. artèQ’s native utility token, ARTEQ, will get listed for trading...Read More
[PRESS RELEASE – Singapore, Singapore, 19th July 2022] Fellaz, a multi-chain Web3 entertainment ecosystem, announces the upcoming launch of its social media platform for artists and their fanbases. Through months of preparation, the Fellaz team has onboarded notable entertainers and pop stars from Korea, Japan, Southeast Asia, and the rest of the world. In preparation...Read More
OpenSea announced kicking off the Solana launchpad to allow creators to host a new mint from beginning to end on the NFT marketplace. According to the official blog post, OpenSea will guide creators to navigate all pre-mint activities, and allowlist minting for their community and supporters, in addition to all post-mint and secondary sales. The...Read More
After about a month of hemming and hawing, Celsius Network recently filed for Chapter 11 bankruptcy protection. In the month leading up to the pretense dropping, customers’ access to their funds was cut off while the lender looked for ways to stay afloat. Now, following the first bankruptcy hearing on the 18th of July, Celsius’...Read More
Bitcoin price ever since the beginning of July has displayed immense strength that uplifted the price beyond $22,000 for the second consecutive time in the past fortnight. While the asset was expected to hit $23,000 to secure the mandatory resistance, the bears intensify their activity to keep the price restricted below $22,100. On the other...Read More
In its latest Insight report, the world’s largest digital asset manager, Grayscale Investments, compared the current bear market with other market cycles in crypto history to predict when the next bull run could arrive. The Crypto Market Cycles Grayscale noted that, like traditional markets, the cryptocurrency space is cyclical, and the industry is currently experiencing...Read More
On July 18,2022, an anonymous source linked to the crypto exchange Gemini said that the company had laid off 7% of its workforce. The source, who spoke with the Tech media outlet TechCrunch, said that Gemini reportedly fired at least 68 workers in a low-key manner. The source found out about it because the workers...Read More
Liu Jiaming, head of Insurance of China’s internet behemoth, Tencent, is all set to join Animoca Brands. According to a report, Jiaming will be onboarded as Chief Business Officer (CBO) by the blockchain gaming platform. Tencent’s microblogging site, Weibo, has reportedly confirmed the resignation of Jiaming as its executive director due to personal reasons. At...Read More
