FTX’s bankruptcy attorney and new CEO, John Ray, spoke to the House Financial Services Committee on Friday to break down some of the internal details of the exchange’s fallout. Ray said that FTX customers’ assets were used by Alameda Research for margin trading, confirming a long-held suspicion about the two companies that former boss Sam...Read More
Tether is back again with criticism of the mainstream media, which has once again called out the stablecoin provider for having potentially unreliable reserves. In response to the “recent cycle of Tether FUD,” the company has promised to reduce the secured loans in its reserves to zero by the end of 2023. What’s the FUD...Read More
Popular Youtuber Nicholas Merten (DataDash) argued that investors have not rushed to “buy the dip” on worries of the inflation numbers, which clocked in lower than the expectations earlier today. Based on his research, the number of people buying and selling BTC has been dropping each week recently, which indicates that its price will likely...Read More
Crypto and Bitcoin markets are heading for a lull period if the on-chain activity is anything to go by. In its last weekly on-chain report for the year, analytics provider Glassnode reported that Bitcoin annualized realized volatility has been the lowest since October 2020. The metric matches similar low volatility levels at the previous cycle...Read More
A new era in the crypto world has begun with the introduction of SmarterWorx. The NFT world has changed from business to usual; although much has been accomplished, additional features are still planned, even in this new era of SmarterWorx. With the introduction of SmarterWorx, the art trade industry has changed; in the past, artworks...Read More
[PR – Panama City, Panama City, 12th December, 2022, Chainwire] Poloniex, a global crypto exchange, is thrilled to announce the launch of its cross margin mode for spot trading to further enhance users’ trading experience in an ever changing market. With up to 3x leverage, Poloniex’s cross-margin mode enhances users’ capital and financing flexibility. It...Read More
[PR- London, United Kingdom, 12th December, 2022, Chainwire] The Monster Zone will be the first available area on Virtua Island and the land sale begins today Games metaverse Virtua has announced the launch of the Monster Zone. The first area to be released on Virtua Island, a key region of its home planet in the...Read More
[PR – Bucharest, Romania, 12th December, 2022, Chainwire] After experiencing success in the crypto space, DeFi Yield Protocol announces a complete rebranding to Dypius. The experienced team conducted several months’ worth of research to come up with the best way to represent what they had evolved into over the years. Dypius has the suffix of...Read More
As people wait for the judgment in the lawsuit between Ripple and the SEC, the topic of conversation right now is all about the case. It has been much too much time. To be exact, two years had passed. And I think I speak for everyone when I say that we all can’t wait until...Read More
The United States Securities and Exchange Commission officially charged Sam Bankman-fried with defrauding investors in FTX. The Chairman of the SEC, Gary Gensler, said: We allege that Sam Bankman-Fried built a house of cards on a foundation of deception while telling investors that it was one of the safest buildings in crypto. After the arrest,...Read More
[Pr – New York, New York, 12th December, 2022, Chainwire] Investors bet on new internet infrastructure that the Founding Team of Uber, Indiegogo and Hedera Hashgraph think could create the next crypto bull run Web3 startup Nillion has closed a $20m+ fundraise from strategic partners and investors. The project is based on a new mathematical...Read More
The situation surrounding Sam Bankman-Fried and the bankrupt cryptocurrency exchange that he used to run, FTX, escalated. The former was arrested in the Bahamas at the request of the US Government, while new information keeps surfacing. In a new motion filed late Monday, the American lawyers working on the FTX bankruptcy case made some serious...Read More
Recently, many cryptocurrency users lost a lot of money when the platform Celsius went bankrupt. Our team did some research to see what would happen to your assets on different types of crypto platforms in case they go under. Here’s what we found out. After Celcius, it was FTX that went next, and it looks...Read More
Sam Bankman-Fried, otherwise known as SBF, the former CEO of bankrupt cryptocurrency exchange FTX has been arrested in The Bahamas, with the ex-FTX boss likely to be extradited to the United States. SBF’s arrest comes a month after the sudden collapse of the once giant FTX, which later went on to file for Chapter 11...Read More
Every day, the crypto ecosystem finds evidence of unethical practices by Sam Bankman-Fried and/or his team. However, the founder of FTX and Alameda Research denies his responsibility for the sudden failure of his businesses, stating that he was unaware of any wrongdoing. But who’s responsible? Sam already has somebody in mind. In an interview with...Read More
BitMEX co-founder and renowned crypto essayist, Arthur Hayes, thinks the worst of this year’s Bitcoin bear market has come to pass. The former CEO believes the three major cohorts of forced Bitcoin sellers – trading firms, miners, and speculators – have already capitulated, marking the bottom of Bitcoin’s market cycle. How Bitcoin Gets Dumped As...Read More
