Zhejiang, a Chinese coastal province, to become one of the largest metaverse hubs in the country. According to a recent Chinese report, Zhejiang is eyeing to build a metaverse industry in its territory. The project is estimated to cost more than $28.7 billion by the year 2025. The latest move
December 20, 2022 1 min read
Sam Bankman-Fried, the founder of the bankrupt crypto exchange, FTX, has been denied bail by a judge in the Bahamas. According to the latest reports, the Bahamian authorities will continue to detain Bankman-Fried, following his arrest held on December 12. Joyann Ferguson-Pratt, the judge presiding over the case, has ordered
December 14, 2022 1 min read
Elon Musk, the CEO of Twitter, is continuing to battle with spam bots. In his latest tweet thread, Musk openly challenged the Twitter bots to “attack” him, by adding two emoticons that portray bots and trolls on Twitter. However, the crypto communities on Twitter are reporting a dramatic decline in
December 12, 2022 2 mins read
Tomorrow Conference, the much-awaited international blockchain event, is a 3-day program that will occur from February 8 to 10, 2023. The conference will take place in Dubai, “the global hub” of cryptocurrencies, and the venue will be Festival Arena, Dubai Festival City. TheNewsCrypto, the Dubai-based online news publication, becomes the
December 10, 2022 2 mins read
FTX, the bankrupt crypto exchange has hired financial forensic investigators to find the missing cryptocurrencies. According to a recent report from the Wall Street Journal, the new management of FTX has appointed a group of forensic investigators from the advisory company, AlixPartners to help find the billions of dollars that
December 8, 2022 1 min read
Sherlock, a crypto auditing platform, anticipates a massive loss from the troubled loans on the blockchain-based institutional capital marketplace, Maple Finance. In a recent blog post, Sherlock predicted a $4 million loss for its stakers, or roughly one-third of the capital in its staking pool, due to Orthogonal Trading FTX-induced
December 7, 2022 2 mins read
AXS, the governance token of the Ethereum-based P2E NFT game platform, Axie Infinity, is continuously witnessing a significant price surge in the global crypto market. According to statistics provided by CoinGecko, Axie Infinity (AXS) has attained a sudden price rise of 33.1% over the past week. At the time of
December 6, 2022 2 mins read
The UK Treasury is reportedly finalizing a framework for the regulation of the cryptocurrency industry. According to The Financial Times, the country’s financial authorities are currently putting the finishing touches on the significant crypto regulation. This includes prohibitions on international businesses selling to the UK, strategies for dealing with business
December 6, 2022 2 mins read
The Seoul Southern District Court has rejected the prosecutors’ arrest warrant of Terraform Labs associates. According to Yonhap News Agency, the court has dismissed the arrest order of several Terra officials, including Daniel Shin, co-founder of Terraform Labs with Do Kwon. In a text message, the South Korean Court stated
December 3, 2022 2 mins read
Terra Classic (LUNC), the native token of the Terra blockchain protocol, is currently witnessing a significant price surge amid the gloomy crypto market. The LUNC is currently trending in the market, with a 14.17% increase in the last 24 hours, according to CMC. At the time of writing, Terra Classic
December 2, 2022 2 mins read