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 FTX.com 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
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
Few days ago, the global cryptocurrency/web3 space was shocked by an announcement from Binance exchange to acquire a rival exchange, FTX. Although Binance is one of the biggest crypto exchanges in the world, acquiring/merging with FTX was an unexpected dream. During the past few months, Binance and FTX have acquired/merged with different struggling companies in … Read more
One of the world’s largest DAOs (Decentralized Autonomous Organizations), Bybit group, has recorded a massive dumping of its token in three hours. Crypto community users dumped BITDAO following a sell-off move made by one of its largest holders, Almeda Research. Almeda Research Breaches Agreement With BITBY During the early hours of today, Bybit CEO Ben … Read more
Following the passing of the proposed MiCA by the EU in October, a top Binance official has assured that the proposed bill favors crypto exchanges in the region. This announcement has continued to generate positive reactions from crypto users and entities. MiCA Regulation, A Safe Space for Web3/Crypto Companies The EU has been in talks … Read more
The United States (US) Securities and Exchange Commission (SEC) has arrested the Trade Coin Club CEO together with his three advocates. They have been prosecuted for allegedly defrauding their clients of Bitcoin (BTC), worth approximately $300 million. They executed such fraudulent activity through a crypto Ponzi project called Trade Coin Club. SEC asserted on Friday, … Read more
The Markets in Crypto Assets (MICA) legislation authorization scheme has been halted by European Union lawmakers. The glaring flaws in the loquacious script could be the reason for the adjournment. The authorization could have legalized crypto markets companies in the member states of the European Union (EU). EU statesmen halted the MICA voting process and … Read more
In their Scrutinization of blockchain technology, Bank of International Settlement(BIS) and Euro system have formed a collaboration. They divulged a new project tagged “Project Mariana.” Euro system consists of the Apex banks of Singapore, France, and Switzerland. The Bank for International Settlements (BIS) initiated collaboration with Euro system on June 20, 2021. An Overview of … Read more
Leading coins were up early on October 26 as the current valuation of all cryptocurrencies increased by about 5 percent to $976 billion. In contrast, the total volume of the cryptocurrency market rose by nearly 69 percent in the 24 hours to $89.24 billion. Crypto Current Leading Performers The value of one BTC is $20,245, … Read more
The Central Bank of Singapore has presented two consultation pamphlets to crypto service providers. The failure of the Singapore cryptocurrency fund Three Arrows money (3AC) resulted in this proposal. Singapore Authority is implementing measures to better regulate the crypto industry, Cointelegraph reported. Two consultation pamphlets on ideas for controlling the activities of stablecoin holders were … Read more
