Goldman Sachs published a research note on Friday covering blockchain technology and the recent demise of the crypto exchange FTX. The investment banking giant believes regulation is “needed at the point of trust” within the centralized elements of the blockchain industry – rather than on the blockchain itself – to prevent similar instances of widespread...Read More
The bear market has been relentless. The little upward momentum gathered last week came to halt. For the most part, the price action has been at the mercy of good and bad news. The whales are hibernating, and with little volatility, Bitcoin is, by far and large, directionless. But experts are impatiently gearing up for...Read More
Ray Youssef – Chief Executive Officer of crypto platform Paxful – said customers should never keep their bitcoin holdings on centralized exchanges. Instead, they must self-custody their possession to prevent becoming victims in another crash similar to the FTX one. Don’t Trust Centralized Entities Youseff urged market participants to store their bitcoin in self-custody wallets. He...Read More
The crypto market is no stranger to volatility. In the past year, we’ve seen prices skyrocket and then come crashing down. While this can be frustrating for investors, it also presents opportunities for those who are quick to act. Snowfall Protocol (SNW) is a new entrant into the world of cryptocurrency, and is already making...Read More
The Dubai-based platform announced the launch of a Merkle Tree-based proof-of-reserve system to enable users to verify their assets deposited into the exchange as well as Bybit’s holdings. The verification is available in both trading and funding accounts. Bybit said that the new feature will also allow verification of the exchange’s wallet ownership and that...Read More
[PRESS RELEASE – Please Read Disclaimer] UltraVerse City and KISS FM are proud to announce a partnership bring live radio to the Metaverse. In the first crossover of its kind, this partnership will add to the depth and immersion of virtual worlds and tether our moves into the multiverse with familiar sounds. What is the...Read More
[PR – Willemstad, Curaçao, 12th December, 2022, Chainwire] Coinplay is a licensed crypto sportsbook that gives an opportunity to the player to place a bet with more than 40 cryptocurrencies. Players from across the globe can have access to the large number of odds provided at the Coinplay platform and after a detailed study, a...Read More
[PR – Singapore, Singapore, 12th December, 2022, Chainwire] 2,000 plots of geolocation-based Freehold Land NFTs launching on December 17, 12:00 UTC In addition to its ongoing Flag sale, Affyn is advancing its NEXUS World metaverse, revealing Singapore as the inaugural metaverse city of Affyn’s NEXUS World. The first metaverse city features 2,000 plots of Freehold...Read More
Binance CEO, Changpeng “CZ” Zhao stated that the “abnormal” trading of altcoins on the platform appears to be market behavior after the company revealed that the activity in question had nothing to do with compromised accounts or leaked API keys. According to the exec’s latest tweet, a user deposited funds into a trading account and...Read More
This year, the Fed has been relentless in hiking the interest rates in response to rising inflation. Since interest rates are the principal weapon used by the Federal Reserve (the central bank of the United States), to regulate inflation, they tend to fluctuate in tandem with one another. Recent rises in interest rates by the...Read More
Do Kwon – CEO and Co-Founder of Terraform Labs – has reportedly moved to Serbia. The 31-year-old crypto developer fled South Korea shortly after his project’s native token – LUNA – and algorithmic stablecoin – UST – plunged to virtually zero, causing colossal investor losses and turmoil in the entire market. According to a South...Read More
In the wake of the FTX meltdown, BitMEX is keen to educate and inform the Bitcoin and cryptocurrency community about Proof of Liability & Reserve (PoRL) systems. As part of this, BitMEX will be awarding 50 BMEX tokens to the first 50 depositors who conduct the BitMEX Proof of Liability (PoL) process, thus proving that...Read More
The former CEO of crypto exchange FTX – Sam Bankman-Fried – said he is willing to start a new business venture to earn enough funds and pay back victims of the collapse. He reiterated his position that what happened to the platform was not a fraud but rather a lack of management skills. In a...Read More
