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
Ripple vs SEC is one of the most talked stories within the crypto space which appear to be approaching its destiny. Hence the investor’s interest is also swelling as they are constantly accumulating a huge number of tokens in recent times. This indicates that the majority of investors continue to believe in the potential of...Read More
The feud between Binance CEO CZ and Sam Bankman-Fried continued after CZ accused SBF of attempting to depeg USDT through Alameda. CZ also released a long thread on Twitter referencing Kevin O’Leary’s defense of FTX and referring to SBF as “a fraudster.” SBF has now taken to Twitter and has told CZ to stop lying...Read More
After the recent update, the Ripple vs SEC lawsuit is expected to reach its destiny very soon. Both parties have submitted their briefs in court, expecting the judgement to be in favour of them. Ripple CEO, Brad Gardlinghouse recently mentioned that Stuart Alderoty is offering tough times to fight against crypto regulation. Stuart Aldertoy, the...Read More
In a recent update, Ripple has filed its redacted reply to the SEC’s opposition in court to the motion for summary judgment. The SEC continues to believe that XRP is a security and has tried to extend the case many times. But with the recent development, the closure of the case appears to be on...Read More
Sam Bankman-Fried, the former CEO of FTX, was questioned by New York Times journalist Andrew Sorkin in his very first public appearance through a video call. Sorkin threw a barrage of questions towards the former CEO and also questioned him about the money that had vanished from the exchange immediately after it had filed for...Read More
According to Yonhap, a South Korean newswire service, authorities are seeking an arrest warrant for Daniel Shin. According to news reports, the co-founder of Terraform Labs is charged with stealing profits and violating the Electronic Financial Transaction Act. Terra Co-founders to Face Jail Time? The co-founder of Terraform Labs is being charged for accumulating illicit...Read More
The second-largest cryptocurrency exchange in the world, FTX, filed for bankruptcy in the US on November 11, 2022. Following market worries about FTX’s financial stability and related transfers to Alameda Research, a trading firm owned by FTX’s founder, Sam Bankman-Fried, FTX was unable to meet customer withdrawals (worth about $5 billion). The filing follows FTX’s...Read More
Celsius’s Bankruptcy Crisis Celsius was a fintech platform that provides borrowing, digital and fiat payments, and interest-bearing savings accounts. In June 2022, it filed for bankruptcy. According to Bloomberg, Celsius co-founder and CEO Alex Mashinsky said that the platform’s digital asset count increased more quickly than Celsius was prepared to use. As of July 13,...Read More
FTX, which was once among the top cryptocurrency exchanges in the world, essentially collapsed this week. For a brief while, it appeared that rival Binance would step in to buy FTX, but after seeing FTX’s financial records, Binance quickly withdrew. Sam Bankman-Fried, the founder of FTX, is reportedly flying to Argentina, albeit the information has...Read More
2022 has been disastrous for the crypto space. Yet again, Bitcoin is witnessing one of the most severe crashes and has marked a record as the fifth asset to witness the worst collapse in the history of finance. Bitcoin, which accounts for 41% of the cryptocurrency market, experienced lows that had not been seen since...Read More
ftx Days after bigger rival Binance withdrew from a planned acquisition, the announcements were made. On November 11 – The troubled cryptocurrency exchange FTX said on Friday that it would file for bankruptcy in the US as its Chief Executive Sam Bankman-Fried quit, potentially setting off one of the largest market meltdowns ever. The company...Read More
The largest cryptocurrency exchange in the world, Binance, and FTX’s failed agreement have caused the crypto market to collapse completely. However, the fiasco was brought about by statements made by Kraken Exchange CEO Jesse Powell. A Focus on SBF and FTX Mistakes by Powell Powell claimed in a lengthy Twitter post that the sector is...Read More
This year has seen more than its fair share of unexpected market collapses due to surprising news about poorly run cryptocurrency businesses. This week brings yet another massive change. This time its FTX, the fourth-largest cryptocurrency exchange in the world, which until last week was regarded as a ‘mainstay’ of the sector. FTX attempted to...Read More
According to a KBS News report, Do Kwon, who co-founded the Terra blockchain project, is now in Europe. Fatman, a whistleblower for Terra who has been making scathing claims against Kwon and other Terraform Labs partners in recent months, learned of the information. Additionally, according to the prosecution, they have chat records that show price...Read More
Coinbase Global Inc. (NASDAQ: COIN) released its third-quarter 2022 earnings results on Thursday. According to a letter to shareholders, the company reported mixed earnings results for the third quarter. Consequently, the company’s shares closed Thursday trading at $55.80, down 8.09 percent from the day’s opening price. However, COIN shares have regained approximately 5 percent during...Read More
Non-fungible tokens (NFT) have greatly benefited their creators and holders. These digital assets are visas into the metaverse. Blockchain technology serves as a host to cryptocurrencies and NFTs, generating wealth for many users. Some NFTs are worth several hundred dollars (or tens of ETH), and many more will be worth more as the market for...Read More
Trump has made his own Truth Social platform, on which he made the following statement: “I am extremely glad that Twitter is now safely back in sane hands, and will no longer be managed by Radical Left Lunatics and Maniacs that truly despise our nation.” Although he is overjoyed, he reportedly stated that Twitter cannot...Read More
At the start of this month, Terra Classic community passed a proposal 5234 which aimed to reduce 1.2% tax burn to 0.2% tax burn. Today, the community passed yet another proposal 6082 which is now active on the Blockchain. This proposal was passed to sort out scammers on the network. The proposal claims that Terra...Read More
Elon Musk appears to be on track to fulfill a deadline on Friday to finalize his on-again, off-again acquisition of Twitter, averting a court battle over the $44 billion agreement, which he admits is excessively priced. Musk also updated his Twitter profile to “Chief Twit” and tweeted a video of himself bringing a sink into...Read More
The end of 2022 is seeing some stellar projects launch their presales. Despite the year being a tough one for the market, investors seem to be showing a great deal of interest in projects that are building ecosystems with genuine value. The P2E game is a prime example of this. This niche has been steadily...Read More
Dash 2 Trade, a new crypto analytics and signals platform, has been breaking records after selling out the first stage of its token presale within just 72 hours, raising $1,666,000. This huge demand has prompted investors to buy the project’s native D2T tokens before prices are pushed higher as the presale progresses. Could this be...Read More
The Ripple vs SEC lawsuit is nearing its 1st year anniversary. In December 2020, the US Securities and Exchange Commission (SEC) filed a lawsuit against Ripple founders for offering illegal securities and claiming that XRP was a security. After an extended dispute, the legal battle has finally reached the Summary Judgement Phase. This has led...Read More
The year 2022 demonstrated the diverse features of the crypto space as well as market participants such as short-term holders, long-term holders, whales, as well as strong and weak hands. While the strong hands continued to amass wealth, the weak hands continued to extract profit at every turn. At the beginning of the year 2022,...Read More
In a press statement on Tuesday, Bank of New York Mellon (BK), the oldest lender in the United States and the largest custodian bank in the world, announced the addition of cryptocurrencies to its custody services, as reported by The Wall Street Journal. BNY Mellon, is the oldest bank in the United States, with a...Read More
The crypto market is known for its volatility and market participants tend to trade and invest despite this, although they are continually engulfed with fear. To overcome this volatility issue, stablecoins were created, which aim to mirror traditional currencies with blockchain technology. Stablecoin derives its value from getting pegged against the dollar. The stablecoins such...Read More
Yoo Mo, the head of general business operations of Terraform Labs, had an arrest warrant issued for him, but the Seoul Southern District Court judge in South Korea dropped it because it wasn’t necessary to keep him in custody. Do Kwon the terra co founder who is wanted by the interpol and more than 194...Read More
Many people lost money when stablecoins LUNA and UST fell and traded close to zero, after which Terraform Labs and Kwon were blamed for the incident that swept billions from the market. In no time, the matter became a trending topic and it received a lot of attention in South Korea. According to a report...Read More
The long running Ripple vs SEC or the US Securities and Exchange Commission finally seems to find its end after SEC filed for summary judgment. The way the developments are happening around the XRP lawsuit are pointing towards Ripple win. Last week the United States federal district court rejected the Securities and Exchange Commission’s several...Read More
Hollywood stars who have been vocal about cryptocurrencies on Twitter and in other ways over the previous few years seem to have stopped talking and tweeting about them by this point. However, recently the ‘Breaking Bad’ actor extended his support for XRP as it prepares to win in the final face-off with SEC. Daniel Moncada,...Read More
