In the past 24 hours, the trading price of the FTX Token (FTT) recorded a jump, moving up to $1.564 from a low trading price. This happened because of the interest Ripple has shown in buying FTX’s assets. Brad Garlinghouse, the CEO of Ripple has hinted that they are looking into buying certain assets belonging…
In the past 24 hours, the trading price of Terra Classic (LUNC) has experienced a 2.5% dip. It is just the tip of the iceberg when we take a look at the price decline of LUNC. The 7-day price chart assessment shows that LUNC’s price has plunged almost 30%. At the time of writing, LUNC’s…
An investigation has been launched by the financial watchdog in Turkey into the collapsed crypto exchange FTX. The agency tackles all money-related crimes in the country and days after FTX filed for bankruptcy in the US, the department disclosed that it had been keeping track of the platform’s operations in Turkey. FTX investigation Ankara’s Ministry…
From the time FTX exchange was found to be involved in unprofessional activity by misleading its users, it has faced nothing but losses. The leakage of the balance sheet from the FTX exchange has resulted in the crash of the exchange. Just when the crash was reported, all the FTX users were worried about their…
A penthouse in the Bahamas that is spread across 12,000 square feet has been listed for sale for $39.9 million and is under the ownership of Sam Bankman-Fried. Reports have also disclosed that a whopping $74 million was spent by FTX Property Holdings on real estate purchases in the Oceanside district of Albany Bahamas. Real…
Glassnode, a major on-chain data analytics firm has just shared a report that involves the movement of Bitcoin, which is quite surprising. Migration Recorded for Bitcoin (BTC) Bitcoin seems to have hit a new record in terms of movements that have caused the biggest net decline on exchanges. The aggregate BTC balances have experienced a…
Elizabeth Rossiello, the chief executive and founder of AZA Finance, a payments firm based in Africa, said that her company had been incorrectly included in the Chapter 11 bankruptcy filing of the FTX crypto exchange. On November 11th, the CEO insisted that the beleaguered exchange had made a mistake because her company does not have…
It has been almost an entire week since the FTX fiasco took place. Unfortunately, the impact of the FTX crash is still being felt throughout the cryptocurrency. There does not seem to be any end to the constant market downtrend that the FTX crash has triggered. The recent crash has prompted investors to move their…
Last Thursday, the Securities Commission of the Bahamas issued an order for freezing the assets of the FTX crypto exchange. The agency announced that it had decided to freeze the assets of the embattled crypto exchange, along with those of related parties. It also disclosed that the operation registration of the company had also been…
On Friday, Bitcoin’s (BTC) trading price recorded a surge as it rebounded from a major decline. Just a few days back, Bitcoin had suffered from a major decline in value mainly triggered by the crash of FTX. From Decline to Rebound The Thursday trading session was a shocker for Bitcoin investors. They witnessed a sudden…
Very unusual activity was noticed on several wallet addresses that were linked with FTX on November 11. It was discovered that multiple addresses linked with FTX were involved in transferring crypto. The most shocking part was that the transfers were being made without any official notice. Millions Transferred Without Notice Multiple data monitoring firms reported…
The latest reports suggest that FTX, the cryptocurrency exchange that is financially troubled has brought its website back online. FTX Makes an Alarming Announcement Just as the financial crisis of the FTX exchange began, it reportedly started facing intermittent downtimes. The recent downtime lingered on for a longer period. However, as the website has come…
The officials at two major stablecoin issuers have made major announcements for the entire crypto-verse. Paxos and Circle, two major issuers of stablecoins have announced they have regulatory approval in Singapore. Paxos and Circle Gain Regulatory Approvals As per the officials from Paxos and Circle, they have now operating licenses in Singapore. The Monetary Authority…
In recent years, Polygon has tried its best to form several partnerships in order to make high-profile partners. So far, Polygon has succeeded in doing so, and now, it has a list of strong partners. The list of strong and high-profile partners includes Robinhood, Starbucks, and Disney. Polygon even went on to form a very…
Skyward Finance has reportedly suffered a major exploit that has resulted in the platform losing an estimated $3 million. Skyward is a major platform, which is prominently known for its initial DEX offering (IDO). Skyward Finance Exploited The IDO known for carrying out a fair distribution of tokens through the Near Protocol has suffered a…
Deribit, a major cryptocurrency exchange dealing in derivatives has recently halted the withdrawals feature for users. It is a highly concerning matter for the entire cryptocurrency community, especially the ones who are users of the exchange. Announcement by Deribit On November 1, the officials at Deribit made an announcement that they had halted the withdrawal…
The crypto market is full of larger-than-life cryptocurrencies that promise their investors significantly more than what the product or service could reasonably provide. Some companies have even been able to get their ads on the super bowl. However, most crypto companies that manage to reach this level of success that is simply not sustainable for…
The month of October has earned itself a new moniker in the crypto space of ‘Hacktober’ and this is for good reason. According to the latest statistics, the crypto exploits in this month and the amount of digital assets that were stolen have broken all previous records. Worrying statistics PeckShield, a blockchain security firm, published…
Even after a blistering start, the popular HUSD stablecoin has failed to meet the aspirations of people, including its major promoter Huobi Global. Huobi has announced that the stablecoin would soon be delisted because it has been unable to keep its price intact which is going down rampantly. HUSD’s Constant Failure Entails Delisting Apparently, the…
It has been a while since when the electronic payment giant Visa Inc. has been overstretching its efforts in adopting blockchain and digital currencies. In its recent initiatives, Visa has filed two separate applications before the trademark authority namely United States Patent & Trademark Office (USPTO). One of the attorneys of USPTO, Mike Kondoudis, tweeted…
The National Power Administration in Paraguay has warned that the stability of the power system in the country could suffer due to the growth of illegal bitcoin mining operations. The country is currently experiencing a boom in bitcoin mining, but this has taken a toll on its power system. This is due to the fact…
The crypto market has been struggling since the start of the year, and investors are really looking for a win. While most of the investors who are still in the crypto market are waiting for the long haul, the real challenge is not knowing how long they will have to wait. In a matter of…
The central bank of Kazakhstan is working on developing its own digital currency and it plans to deploy it via BNB chain, which is the blockchain platform of Binance. The chief executive of Binance, Changpeng Zhao was one who announced this decision on social media. Binance is the largest crypto exchange in the world in…
A major mobile phone application known for processing payments has made a major announcement. The application has announced that it has adopted the Lightning Network for the fastest transactions. CashApp’s Major Announcement On October 25, the officials at CashApp announced that they had tapped a partner with Bitcoin Lightning to offer a new utility to…
The Public Opinion University Institute recently completed a poll, which discovered that people in El Salvador are still not too keen on the idea of using Bitcoin as a legal tender. The results of the poll showed that almost two-thirds of the population in El Salvador does not have a positive opinion of Bitcoin. It…
