After the horrific aftermath of the FTX exchange’s failure, the cryptocurrency market plummeted to lows not seen since the bear market of 2018. The Hedera project, which operates on the company’s patented Hashgraph technology, has continued to thrive despite this. After a rough second quarter, the Hedera Network rebounded with
November 27, 2022 1 min read
CEO of Binance, Changpeng Zhao (CZ) recently posted a tweet that seemed to take place in Albania, where he met with Prime Minister Edi Rama and the team from RNS.ID, which bills itself as the first sovereignty-backed digital ID platform. It is unclear why CZ is in the southern European
November 27, 2022 2 mins read
Matrixport Technologies Pte, one of Asia’s largest crypto lenders, is attempting to seek $100 million in new capital at a $1.5 billion value. Due to the FTX crash, big crypto lenders like BlockFi and Genesis have been experiencing a severe shortage of available funds. Financial backers have pledged at least
November 25, 2022 1 min read
With the release of Access, the first album from its initial subunit, tripleS has blasted into the vast international K-Pop scene. The first track from the album, “Generation,” by the Seoul-based girl group that combines pop music with blockchain technology has amassed more than 28 million YouTube views in only
November 24, 2022 2 mins read
In an interview published on Thursday by Bloomberg, Binance CEO Changpeng Zhao “CZ” addressed a wide range of topics. There will be some ripple effect, he predicts, from the FTX crypto exchange’s demise for some time. The CEO of Binance, Changpeng Zhao (CZ), predicted that the fall of FTX will
November 24, 2022 2 mins read
There has been a series of recent occurrences in the world of cryptocurrencies. Because so many investors were drawn to the market, governments had to reevaluate the regulations that had previously been applied. There were still authorities trying to enforce the restrictive regulations that had been enacted by others. However,
November 24, 2022 1 min read
In spite of the current cryptocurrency market downturn, El Salvador is increasing its wagers on the investment market. The first government to recognize Bitcoin as legal cash is currently drafting a Digital Asset Issuance Law. That would make it easier to do business with any cryptocurrency. A document posted on
November 23, 2022 1 min read
Coinbase CEO Brian Armstrong disclosed the company’s $39.9 billion Bitcoin holdings in a letter to shareholders. The letter was eventually made public following widespread market attempts to be transparent in the wake of the FTX crash. Using Twitter, Coinbase’s CEO announced the Bitcoin total and emphasized the company’s public status.
November 23, 2022 2 mins read
Uniswap, a major decentralized exchange, disclosed that it gathers certain user data, such as traders’ device type or browser, but no personally identifiable information. On Monday, the DEX claimed in a blog post that “transparency was key.” And that it was collecting data both off-chain and on-chain to enhance the
November 22, 2022 1 min read
Genesis Global Capital, a lending division of Genesis Trading, temporarily halted withdrawals at the end of last week. The parent business, Digital Currency Group, said that they made the call because of the “extreme market dislocation” and “loss of industry confidence” that FTX’s collapse created. The corporation promptly applied for
November 22, 2022 2 mins read