Waves CEO and founder Sasha Ivanov plans to release a new stablecoin. As the controversy surrounding Waves-backed stablecoin Neutrino USD (USDN) continues. Ivanov used Twitter on December 20 to reveal the USDN problem resolution strategy and a new stablecoin initiative. According to Ivanov, the new stablecoin would be “a hybrid
December 20, 2022 1 min read
After Pang Xue Kai, the exchange’s founder and previous CEO resigned. Binance on December 19 stated that it had acquired a controlling stake in the Indonesian cryptocurrency exchange Tokocrypto and named a new CEO. By purchasing its third licensed cryptocurrency exchange, Binance is capitalizing on favorable market circumstances to expand
December 20, 2022 1 min read
NFTBank teams up with X2Y2, the third-largest Ethereum-based NFT market, and an emerging NFT loans platform. Infrastructure for NFT financialization has developed over the last two years as NFT use has increased. NFT-backed loans, NFT rentals, and NFT derivatives are current developments that branch out from NFT markets and aggregators
December 19, 2022 3 mins read
Michael Burry, the founder of the investment company Scion Asset Management. And a well-known investor, said on Friday that proof-of-reserves (POR) audits of cryptocurrency exchanges such as Binance and the defunct exchange FTX are pointless. Furthermore, Burry is regarded as the first investor to correctly predict and benefit from the
December 17, 2022 2 mins read
The blockchain-focused venture capital firm Fenbushi Capital US has led Amber group’s new $300 million Series C investment round, the business announced on Twitter on December 15. As a result of the FTX collapse, Amber has opted to delay its Series B fundraising. And go through with its Series C
December 17, 2022 1 min read
Binance, a cryptocurrency exchange, said on Friday that its auditor, Mazars, has ceased services for cryptocurrency enterprises, including cryptocurrency exchanges, as reported by Bloomberg. A representative for Binance claims that the French accounting firm Mazars would not provide services, such as proof of reserves, to cryptocurrency exchanges. Binance, KuCoin, and
December 16, 2022 2 mins read
Doug Anmuth, an analyst at JPMorgan, recently published a consumer note in which he predicted that Meta will continue to show indications of improving its cost control. The analyst stated: “Heading into 2023, we believe some of these top and bottom line pressures will ease, and most importantly, Meta is
December 16, 2022 1 min read
Kevin O’Leary, a Canadian entrepreneur and star of the show “Shark Tank,” has today criticized the cryptocurrency exchange Binance, saying it intentionally caused the FTX to crash. The celebrity businessman said that Binance is a “massive, unregulated monopoly now” appearing at the Senate Committee on Banking, Housing, and Urban Affairs.
December 15, 2022 1 min read
Separating the Terra Classic (LUNC) community from Terraform Labs and Do Kwon. As proposed by the Terra Rebels in their contentious Proposal 11030, seems to be turning into reality. In fact, as Jared of TFL pointed out before, splitting Terra Classic apart from Terra (LUNA) is the best option. Since
December 15, 2022 1 min read
The SEC has now stated that it would be pursuing charges against eight social media influencers in connection with a $100 million securities fraud scheme. Social media sites like Twitter and Discord were used in this plan by the defendants to affect publicly listed stock prices. Furthermore, the SEC has
December 14, 2022 2 mins read
