After being dormant for almost 11 years, a sizable number of bitcoins finally moved on Friday morning. A total of 3,500 Bitcoins valued at over $60 million, originated from seven unique Bitcoin addresses created on October 7, 2011. This is the first significant awakening of long-dormant bitcoins in months. Btcparser.com
November 13, 2022 1 min read
After the FTX crisis, Binance CEO CZ took the initiative to reveal the exchange’s reserves, and this has prompted other market participants to do the same. Even though exchanges have begun publishing their proof of funds. Crypto leaders are expressing concern about the huge inflows and withdrawals at certain exchanges.
November 13, 2022 2 mins read
Dogecoin (DOGE) had a little price increase when Tesla CEO Elon Musk mentioned it. In an interesting twist, the new Twitter boss declared “Dogecoin (DOGE) To The Moon” at his Twitter space on Saturday. Musk made the remarks in a Twitter space created by Mario Nawfal, the Founder of the
November 12, 2022 1 min read
The demise of the FTX exchange is a big setback for the crypto industry. This fall may continue throughout the foreseeable future, experts say. On the other hand, a prominent Hedge fund has apparently revealed that a significant portion of its money is still trapped on the bankrupt FTX platform.
November 12, 2022 2 mins read
Tether reportedly froze $46 million USDT at the request of law authorities. The trusted stablecoin provider has fulfilled the request, which may have been related to the FTX exchange. Little is known about the nature or goals of the inquiry beyond the fact that it is taking place. A Tether
November 10, 2022 1 min read
Justin Sun, the founder of Tron, plans to provide a “holistic solution” to alleviate the liquidity crisis facing FTX. Meanwhile, on-chain data indicated that the algorithmic stablecoin USDD has unexpectedly begun depegging and was last trading at $0.98. A previous response from Justin Sun indicated that it is likely that
November 10, 2022 1 min read
As of today, Upland and FIFA have announced a multi-year partnership that will give the Upland community and football fans around the world access to collect, trade, and own FIFA digital assets and game video highlights. Additionally, the two organizations’ shared goal is to educate fans about how the metaverse and
November 9, 2022 3 mins read
It has just come to light that 11,000 people, or around 13% of Meta’s staff, would be impacted by the decision. Mark Zuckerberg, CEO of Meta, made the news on the official blog. The crypto market is in disarray, and the IT sector has its own issues. Following Twitter’s big
November 9, 2022 1 min read
BaFin, Germany’s Federal Financial Supervisory Authority, has mandated that Coinbase’s German subsidiary get its house in order. BaFin, Germany’s financial regulator, has said that it has discovered irregularities in how Coinbase Germany operates. The company’s corporate structure was criticized for allegedly violating applicable regulations. Moreover, after conducting an audit, the
November 9, 2022 2 mins read
The cryptocurrency trading platform BitMEX announced on Tuesday that its native BMEX coin would begin trading on November 11. Members who hold and stake BMEX tokens on the BitMEX platform will get access to discounted trading fees, staking awards, fee-free withdrawals, and other premium features. With the debut of BMEX
November 8, 2022 2 mins read