In spite of the continuing volatility surrounding the crypto market, blockchain-based private loans have seen an unexpected upturn. There has been a 55% increase in active private loans since the beginning of the year, reaching around $408 million by November 28, according to RWA.xyz, as enterprises seek protection from the
December 18, 2023 1 min read
New pay documentation reveals that in the three months ending October 31, the now-defunct cryptocurrency exchange FTX spent around $53,000 per hour on bankruptcy attorneys and advisors. The bankruptcy attorneys have charged a minimum of $118.1 million from August 1st to October 31st, according to court documents filed between December
December 18, 2023 1 min read
The USDT stablecoin’s developer, Tether, has revealed letters it sent to lawmakers in the US, in which it responds to demands for the DOJ to step in over illegal USDT transactions. On November 16 and December 15, the messages were addressed to members of the United States House Financial Services
December 17, 2023 2 mins read
In an updated Chapter 11 plan of reorganization, the creditors of the bankrupt FTX crypto exchange have said that the value of client asset claims would be adjusted backwards to the date of the firm’s collapse in November 2022. The debtors recently said in a court filing in the U.S
December 17, 2023 2 mins read
Since the price of Solana’s memecoin Bonk (BONK) skyrocketed, the crypto community has been purchasing Solana’s Saga phone at a rapid pace. Solana co-founder Raj Gokal tweeted on December 15 that the company’s phone sales had jumped tenfold in the last two days, putting them on track to sell out
December 16, 2023 2 mins read
On December 15, China Mobile, the biggest telecom operator in China, made a major announcement by unveiling LinkNFT, a free NFT marketplace. The major goal is to facilitate the launch of a new digital economy and society by giving the people of Hong Kong simple access to the Web3.0 Internet,
December 16, 2023 2 mins read
Liquidity Hub by Orbs has been integrated by THENA, a renowned DEX on BNB Chain. Because of this, traders at THENA will now have access to more liquidity on the BNB Chain network, which was not previously available via the conventional AMM. With the help of Orbs’ L3 technology, Liquidity Hub offers
December 15, 2023 5 mins read
An ex-Ethereum adviser named Steven Nerayoff claims that the driving force to promote Ethereum always comes back to the lucrative gas fees. In a post on Twitter, Nerayoff made this claim and noted that when fees spike, a small group of powerful people, rather than the ordinary user, benefit. This
December 13, 2023 2 mins read
Today, six significant charities in Singapore signed a Memorandum of Understanding (MOU) with Crypto.com, a renowned global leader in regulatory compliance, security, and privacy with over 80 million customers. The purpose of the MOU is to help foster the acceptability of contributions in digital assets, which Crypto.com will handle and
December 13, 2023 2 mins read
Spot market share for crypto exchange Binance has been falling over the last year due to the company’s involvement in a number of regulatory investigations that led to the exit of Binance’s CEO and founder, Changpeng Zhao (CZ). Based on data given by CCData, Binance’s market share as of December
December 12, 2023 1 min read