Binance Exchange Secures Regulatory Approval In Abu Dhabi

Binance cryptocurrency exchange has made another feat again after it secured approval to operate in a prominent city in the United Arab Emirates, Abu Dhabi. The blockchain service provider company will be able to offer its blockchain service provision in the Abu Dhabi Global Market (ADGM) the UAE’s financial center. Abu Dhabi Grants Regulatory Approval … Read more

Japan’s Money supply Reached a Four-Decade Peak, Testing the BOJ’s Will

The number exceeded the experts’ prediction of 3.5percent and represents the quickest cost increase after 1982. Also as a result of the yen’s unprecedented decline, underlying monetary policy has now gone beyond the Financial system of Japan’s 2 percentage-point premium objective for seven consecutive months. The Belief of the Japanese Central Bank Director Haruhiko Kuroda … Read more

Matter Labs Gets $200m For Its Ethereum Optimization Team

Matter Labs, the innovation company driving the zkSync Ether amplification mechanism, has recently received an additional $200 million. The Pre-seed Team The Pre-seed investment is co-led by Blockchain Ventures and Dragonfly with participation from other big partners. Earlier in The month, the startup received money from major investors a16z, who led Matter Labs’ Round B. … Read more

FTX Crash: Former CEO, SBF Likely To Be Extradited To The US

Former FTX exchange CEO, Sam Bankman-Fried has been under a series of investigations, following the sudden collapse of the exchange. In a recent update, it has been revealed that SBF is likely to be extradited by American law enforcement agencies to the United States.  American Authorities In Talks To Extradite SBF to US According to … Read more

Visa Terminate Crypto Debit Card Partnership With FTX

Digital payment facilitator, Visa has ended all ties with the FTX cryptocurrency exchange, following a series of negative events happening to the exchange. The termination announcement was made known earlier by the company’s Crypto Head of Department, Cuy Sheffield. Visa Terminates Partnership With FTX, In Less Than 2 months The crypto debit card partnership deal … Read more Set To Launch Crypto Exchange In Turkey

Gate Technology Inc has announced the extension of its footprint into the Turkish market in the coming months. Since the inception of 2022, the exchange platform has made known its plan to launch and create branches in different continents and regions. Set To Launch An Office In Turkey The expansion announcement was made … Read more

ADA: Despite Whale Offload, Price Reversal Still Possible

Cardano, just like most altcoins, suffered a dip, volatility, and decline in market price for most part of 2022. After making an entry price of $2.01 in January, the Cardano native token, ADA, dipped as low as $0.3124. 2022 has been an epic year for ADA blockchain, despite suffering from contagion volatility. Cardano Price Reversal … Read more

Hackers Siphons Over $300 Million Funds From FTX Wallet

FTX crypto exchange is going through a difficult phase, as the exchange suffered another considerable loss a few hours ago. The exchange was attacked by a cyber-criminal, who transferred funds from the exchange’s wallet. Hackers Divert Over $300 Million From FTX Wallet In the early hours of Saturday, FTX suffered a cyberattack after its wallet … Read more

Cryptocurrency Finance Company, BlockFi Stops Payouts Due to the FTX Disruption

BlockFi announced on Twitter that this will halt customer payouts due to “a shortage of information” regarding the situation of FTX US, a former sponsor, along with the ambiguity surrounding and sibling financial firm Alameda Research. Moves by BlockFi At the time, BlockFi users were urged not to add money to their involvement or … Read more

FTX Saga: Traders Move Over 80K BTC Out Of Exchange Wallets

The sudden fall and collapse of one of the largest crypto exchanges globally, FTX, has continued to exert a negative effect on the crypto markets. The current liquidity and bearish appearance of the market have also continued to create fear in traders, investors, and sellers. Although, the dumping and sale of holding have been ongoing … Read more

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