According to reports, Ripple CEO Brad Garlinghouse is looking into buying assets from defunct cryptocurrency exchange FTX. The conversation, according to Ripple’s CEO, focused on whether or not there were any firms held by FTX that Ripple “would want to own.” Garlinghouse told The Sunday Times on the sidelines of
November 21, 2022 1 min read
Selling pressure was high on Sunday night for the second biggest cryptocurrency in the world, ETH. The attacker who stole $600 million from the FTX exchange was reportedly trading in his Ether for Bitcoin on Sunday, November 20. The hacker exchanged all the stablecoins for Ethereum last week, amassing $288
November 21, 2022 1 min read
To move USDT from the Solana blockchain to the Ethereum blockchain, stablecoin issuer Tether has launched a $1 billion chain swap. The news comes as Solana, which was among the top 5 largest cryptocurrencies by market size only weeks ago, struggles in the wake of the bankruptcy of crypto exchange
November 19, 2022 1 min read
Canada’s third-largest pension fund, the Ontario Teachers’ Pension Plan (OTPP), released a statement on its investment in the defunct FTX cryptocurrency exchange on Thursday. Investments are made on behalf of 333,000 active and retired educators via the OTPP, whose website reveals it has over C$243 billion ($182 billion) in net
November 19, 2022 1 min read
According to Nansen, a blockchain analytics business, there was never a clear separation between FTX and Alameda Research, and FTX’s plan to keep Alameda afloat began to unravel around the time TerraUSD crashed. Although it has been little over a week after the collapse of the interconnected companies, the failure
November 18, 2022 2 mins read
According to recent reports, Vauld, a major crypto lender in Asia, has funds locked in the defunct FTX cryptocurrency exchange. Vauld authorities have been trapped with almost no cash as a result of the continuing FTX problem. Despite the exposure being worth an estimated $10 million. Since it lacked its
November 18, 2022 1 min read
Gemini, a cryptocurrency exchange, said on Twitter that it had a brief service outage today. The exchange informed consumers earlier today that Earn programme lender Genesis was temporarily suspending withdrawals. Gemini outage was struck just hours later, for reasons it called an “Amazon Web Services EBS outage,” which it explained
November 17, 2022 2 mins read
In order to give complete transparency regarding assets and attempts to repeg TerraUSD (UST), the nonprofit organization Luna Foundation Guard (LFG) that manages the UST algorithmic stablecoin issued a technical audit. LFG seeks to address all claims involving misused money, insiders, holdings cash in other wallets, and monies blocked. A
November 17, 2022 2 mins read
In the last 24 hours, Uniswap has seen more trading volume in Ethereum than any other exchange, second only to Binance. As a result of the unexpected and catastrophic collapse of FTX, traders are moving in droves to DEXs. Recently, Uniswap surpassed all others as the second-biggest market for Ethereum
November 16, 2022 1 min read
Records recently made public indicate that the global entertainment powerhouse Sony filed for a patent in 2021 on a method to keep tabs on in-game digital assets utilizing blockchain technology, more precisely NFTs. On November 10, 2022, the patent was made public. Furthermore, the success of PlayStation, a line of
November 16, 2022 2 mins read
