Fri, October 9

Binance and Mastercard Join Forces To Offer Binance Crypto Card in Brazil

Monday saw the announcement that Mastercard and Binance will be releasing a prepaid card in Brazil, Latin America’s economic powerhouse. According to the announcement, after Argentina, Brazil will soon get access to the so-called Binance Card. It is now under beta testing and will likely roll out to the public

January 30, 2023 2 mins read

Shiba Inu Burn Rate Spikes Over 860% in a Day    

While the ‘SHIB Army’ anticipated the layer 2 blockchain “Shibarium” launch, the Shiba Inu burn rate skyrocketed 860%. The Shiba community actively tries to increase the token value by the burning mechanism, which is to remove SHIB from circulation. According to the SHIB burn tracker Shibburn, over 22 million SHIB

January 30, 2023 2 mins read

Australian Financial Watchdog Raised Concerns Months Before FTX Fall

As early as August, eight months before the exchange’s tragic demise in November, the Australian financial authorities apparently voiced worries about FTX’s local Australian affiliate. Guardian Australia has received documents showing that the Australian Securities and Investments Commission (ASIC) was worried about FTX Australia’s operations after it was granted a

January 30, 2023 1 min read

SBF’s Lawyer Pleaded U.S Judge Not to Restrict Contacts

Following Federal Prosecutors asked U.S. district judge Lewis Kaplan to modify the terms of the Sam Bankman-Fried bond agreement. SBF’s lawyer pleaded U.S. judge not to restrict the cryptocurrency exchange FTX executive’s ability to contact former colleagues as a condition of his release on bail.  According to a 27th January

January 30, 2023 2 mins read

Binance Burns 16M BNB Tokens Converting ERC20 to Native BEP2

On Sunday, Binance CEO Changpeng Zhao (CZ) said that the Binance team has burned more than 16 million BNB (ERC-20) tokens. Binance, a cryptocurrency exchange, is transitioning from the ERC20 token version of BNB to the native BEP2 token version following the BNB blockchain’s debut. In only 24 hours, the

January 29, 2023 2 mins read

FEC Filings Reveal Rep George Santos Received Max Donations From FTX

The crypto sector is still feeling the after-effects of the FTX fiasco with several firms laying off staff trying to cut down expenses. One of the greatest scams in history has allowed the SEC to take a stringent approach toward the crypto sector. Now according to FEC documents, many high-ranking

January 29, 2023 1 min read

Former FTX CEO SBF Urges Court For Access to Crypto Assets

A surprising development in the current FTX fraud case is that Sam Bankman-Fried’s (SBF’s) lawyers have urged that he should be given access to the assets and cryptocurrency held by his former firm FTX. Bankman-Fried resigned as CEO of FTX on November 11th, 2022 post-filing Bankruptcy, and is now out

January 28, 2023 1 min read

Changpeng Zhao: Traditional Finance Will Undergo Empirical Effects

Changpeng Zhao (CZ), the CEO of Binance, the world’s largest cryptocurrency exchange, has raised new expectations regarding traditional finance. According to the latest tweet thread from CZ, the centralized financing system is expected to have catastrophic consequences. Zhao’s new forecast came after the TradeFi institutions reduced their commitments to cryptocurrencies

January 28, 2023 2 mins read

FTX Lawyers May Interrogate Bankman-Fried Family

The crypto communities keenly observed FTX case had taken a few new turns such as the request for interrogating the previous CEO’s parent and sibling. The Bankman-Fried family will probably be answering the FTX lawyer’s question under the oath. Courts proceedings between the SEC and the collapsed crypto firm FTX

January 27, 2023 2 mins read

Luno Crypto Exchange Owned by DCG Announces 35% Layoff

Another member of the Digital Currency Group (DCG) has announced layoffs, a further indicator of continued market instability that started with the Genesis bankruptcy. The Luno exchange announced the termination of almost 35% of its worldwide workforce, citing market volatility as the reason for the cuts. Consensys, the firm behind

January 26, 2023 1 min read