Binance’s victory over FTX means more users moving away from central exchanges
Binance faces far less competition in the aftermath of FTX’s fall, but it still may not win a surge in new users.
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OKB Token Still Holds Above 14% Following Market Plummet
Thanks to the FTX/Alameda saga, the crypto market has taken a nosedive, dragging everyone along. But while the entire market bleeds, OKB, the native token of OKX exchange, has held on to substantial weekly gains. Specifically, the token is trading…
Maple Finance Lending Pool Delegate ‘Identified a Number of Key Weaknesses’ Tied to FTX’s Alameda Research
According to a report from Orthogonal Credit, a delegate of Maple Finance’s lending pools, the firm decided “earlier this year” not to lend to Alameda Research, FTX’s quantitative trading firm. Orthogonal said through “due diligence” it “ide
NFT trademark filings grow in 2022: Nifty Newsletter, Nov. 2–8
South Korea’s central bank has tested purchasing NFTs with its central bank digital currency.
Post-election roundup: Who were the pro- and anti-crypto winners and losers from the US Midterms?
Political newcomer and Bitcoin holder J.D. Vance will take Rob Portman's U.S. Senate seat in Ohio, but majority control of both chambers of Congress has yet to be decided.
FTX Legal Department Jumps Ship, Binance Deal Fizzles Out
The FTX drama continues as the deal with its competitor Binance falls apart. According to several reports, employees at the platform are fleeing amid growing concerns about a massive $6 billion hole on the company’s balance sheet. A report from…
Polygon (MATIC) Looks Good Above $0.75 Despite Market Turmoil; Here Is Why?
Bitcoin On-Chain Data: Selling From Whales Holding 1k+ BTC Behind Crash
On-chain data shows Bitcoin whales with more than 1k BTC were the main sellers in the latest crash, as other cohorts displayed muted activity. Bitcoin Spent Output Value Bands Shows Spike From 1k-10k Group As pointed out by an analyst in a…
Subway accepts Bitcoin, so users can get a sandwich on the Lightning Network
The largest franchise in the world, Subway, is testing out the Lightning Network layer-2 Bitcoin payments solution and receiving encouraging results in Berlin, Germany.
Binance CEO Explains Situation With FTX — Says ‘We Did Not Master Plan This’
Singapore's Temasek engages with FTX in liquidity crisis
Temasek invested in a series of FTX's round findings that led to its $32 billion valuation in January.
Pundi X’s on-chain payment app for merchants now called Cashier Pro, adds Tron
Bitcoin sinks under $16K as FTX insolvency fears turn into contagion
BTC and altcoins continue to sell off, hitting new yearly lows as the collapse of FTX begins to drastically impact investors across the entire crypto market.
EverEarn Co-Founder Dave Rahman Explains How to Build a Startup That Will Stand the Test of Time
The EverEarn token ($EARN) launched on the BNB Chain in January 2022 with a simple goal; to show that a new startup cryptocurrency can be run like a business from the beginning, without any false hype or empty promises, while providing increased…
Nexo dodges $219M bullet just days before FTX’s solvency crisis
The firm withdrew its remaining balance from FTX at the 11th hour and topped weekly fund outflows from the troubled exchange.
Algorand (ALGO) Loses Its Gains As Majority Of Coins Plummet
Despite bagging substantial gains earlier in the trading day, Algorand (ALGO) is down over 27% as of writing. The token’s price drop follows a bearish market sentiment that sees major coins plummet on the day. The past seven days had seen the…
Galaxy Digital discloses $77M exposure to FTX, $48M likely locked in withdrawals
The exposure amounts represents a small fraction of the firm's $1.5 billion in liquidity.
US Investigating FTX Empire Over Handling Of Customer Funds: Report
US regulators are investigating whether Sam Bankman-Fried’s FTX properly handled client funds following the exchange’s liquidity crunch, Binance acquisition.SEC, CFTC reportedly probing FTX over handling of customers’ funds.Investigations…
Polygon (MATIC) Holds Its Gains While Market Turns Red
Polygon’s MATIC has struggled to keep its weekly gains despite the entire crypto market trading in the red zone. The crypto market plunged into an endless decline yesterday after FTX’s acquisition by Binance was made known. The FTX saga has shaken…
In staff letter, Binance CEO embraces scrutiny from regulators amid potential FTX deal
“People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX.
Bitcoin price risks $17K amid claim Binance may reject FTX takeover
Further losses come in step with confusion over the future of FTX under Binance, while CPI data looms on the horizon.
Meta Announces Layoffs Affecting 13% of Workforce; More Than 11,000 Employees to Be Fired Amidst ‘Cultural Shift’
Some central banks have dropped out of the digital currency race
There are at least four countries that have either scrapped or halted CBDC plans so far, and each central bank has its own reasoning for not launching one.
Fractional NFTs and what they mean for investing in real-world assets
Fractional NFTs enable users to divide an NFT into multiple fractions, reducing the barrier to entry for investing in real-world assets.
Blockchain intelligence firm TRM Labs raises $70M in expanded Series B round
Private equity firm Thoma Bravo led the expansion round, bringing the total amount raised to $130 million.
MetaMask allows moving tokens on multiple blockchains with new DApp
Bitcoin integration is not on the immediate roadmap for blockchain bridge support via MetaMask Bridges, a MetaMask executive said.
Meta joins big tech layoffs, lets go of 11,000 employees
The Facebook parent company announced it will let go of approx. 13% of its current workforce in the first mass layoff in the company’s history.
Not just FTX Token: Solana price nukes 40% along with other ‘Sam coins’
Cryptocurrencies exposed to Sam Bankman-Fried and his companies, Alameda Research and FTX, have dropped by an average of 40% this week.
Ramp, builder of crypto payment rails, raises $70M
The company is building payment rails that could make crypto purchases as ubiquitous as PayPal transactions.