FTX bailed out Voyager Digital by extending a kind of two-piece line of credit. FTX acquired Canadian exchange Bitvo in June. Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, said on CNBC’s Squawk Box that the company has at least $1 billion available to be used for mergers, acquisitions, and
September 19, 2022 1 min read
Wenjie is entitled to the protections accorded to the owner of virtual property. In its ruling on cryptocurrencies, the court said that although LTC is a “network currency.” According to a recent report, a Chinese intermediate court reiterated a lower court’s decision that litecoin is a virtual property protected by
September 17, 2022 1 min read
The purchase is intended to increase participation in motorsport-themed mobile games. Animoca bought Eden Games in April of this year. Animoca Brands, a prominent provider of digital property rights, has expanded its roster of gaming affiliates with the announcement of yet another important acquisition. On Friday, they revealed that they
September 17, 2022 2 mins read
Nassim Nicholas Taleb said that Millennials and GenZ don’t understand the economy. Taleb warned of the Federal Reserve’s decision to reduce interest rates. Bitcoin is a “tumor,” according to former crypto supporter turned critic Nassim Nicholas Taleb. On Thursday’s episode of CNBC’s Squawk Box, author of The Black Swan Nassim
September 17, 2022 2 mins read
SHIB token could be used to make purchases at more than 90 million locations. The Binance card allows for instantaneous cryptocurrency to EUR conversion at PoS. The most popular meme token may now be used to make online purchases with the crypto debit card issued by the Argentina branch of
September 16, 2022 2 mins read
Over 10,000 token holders make up Apollo DAO. Around $200 million was trapped in the Apollo DAO network upon its inception. Simultaneously with the issuance of an arrest order for Terra co-founder Do Kwon by a South Korean court, Apollo DAO, a decentralized autonomous organization built on the Terra blockchain,
September 15, 2022 2 mins read
Blockchain networks have long operated as silos (fragmented ecosystems) until the advent of bridging solutions. While a relatively new addition to the crypto market infrastructure, their value proposition in solving the interoperability problem is undeniable. In the earlier years, crypto users were limited to a single ecosystem; one could not
September 14, 2022 4 mins read
Tether USDT is now accessible on the 11th blockchain, the Near Protocol. When it first appeared in 2014, Tether was created on the Bitcoin (BTC) blockchain. Tether (USDT) has been released on the Near Protocol, marking the latest in Tether Operations Limited’s growing list of blockchain integrations. Tether said on
September 12, 2022 1 min read
By taking positions on both sides of a transaction, they help increase liquidity. Market makers like Wintermute function as a middleman to facilitate these transactions. Wintermute has been named the official market maker for the Tron ecosystem, which will increase liquidity for the TRX currency used by the Tron blockchain
September 12, 2022 2 mins read
These liquid staking tokens are not intended to maintain a 1:1 peg with ETH. The importance of cbETH’s discount may be better appreciated when compared to rETH. Wrapped Ethereum staking token (cbETH), released by Coinbase at the end of last month, has been selling at a discount ever since. Today,
September 12, 2022 2 mins read
