Sat, June 27

FTX indemnifies $12 million as security before filing for its Bankruptcy

The FTX crypto exchange became obsolete after its sister company Alameda Research had its felonious hands over the FTX Users’ funds. FTX along with its 130 more affiliated companies commenced their voluntary chapter 11 under the U.S. Bankruptcy code.  According to the U.S. District Court, the debtors (FTX) paid $12

December 24, 2022 1 min read

Caroline Ellison Admits to Hiding Billions of Secret Loans From FTX

The former CEO of Alameda Research, Caroline Ellison, admitted that she and Sam Bankman-Fried, a co-founder of FTX, deliberately misled lenders about the funds which the bankrupt trading company was borrowing from the cryptocurrency exchange. Additionally, Caroline Ellison admitted in the court record of her hearing on 19th December how

December 24, 2022 2 mins read

SPAC Deal of Crypto Exchange Bullish Called Off

The proposed merger between Bullish, a crypto exchange backed by Peter Thiel, and Far Peak Acquisition Corporation, a special purpose acquisition company (SPAC), has been called off. With the merger agreement reached in July 2021, Far Peak and Bullish planned the cryptocurrency exchange would be listed on the New York

December 23, 2022 1 min read

OpenOcean DEX Aggregator Launches New Cross-chain Swap Platform

As a result of pooling liquidity from several DEXs, aggregators may provide their consumers with more advantageous token exchange rates than any single DEX could provide. When executed properly, DEX aggregators may optimize slippage, swap fees, and token prices, providing customers with a more favorable exchange rate. OpenOcean, a DEX

December 23, 2022 1 min read

Binance Airdrops Terra (LUNA) To LUNC & USTC Holders

As of Thursday, holders of Terra Classic (LUNC) and TerraClassicUSD (USTC) were distributed the second batch of Terra (LUNA) airdropped by the biggest cryptocurrency exchange in the world, Binance. The initial airdrop, which took place in May, is associated with Do Kwon’s “Terra Ecosystem Revival Plan 2,” which involves the

December 23, 2022 1 min read

BNB Chain beats Ethereum with its Unique Addresses

BNB Chain has made significant advancements by onboarding subsequent billion users into the Web3 arena. The BNB Chain developer announced on December 22 that the total number of unique addresses on the BNB Chain has overtaken Ethereum. The Binance network’s extensive possibilities drew multiple interesting DeFi, GameFi, and SocialFi projects,

December 23, 2022 2 mins read

LBRY Filed a Motion to Restrict the SEC’s Remedies

In this complaint, LBRY has filed a Motion for Expedited Consideration of an Oral Argument in Aid of its Motion to Limit the SEC’s Remedies. They also mention the court proceeding in the United States District Court for the District of New Hampshire. #XRPCommunity #SECGov v. #Ripple #XRP #LBRY In

December 23, 2022 2 mins read

Firms Auditing Crypto Firms Being Watched Closely by U.S SEC

Audit firms doing crypto company audits may expect heightened attention from the U.S. Securities and Exchange Commission (SEC). The SEC has voiced worry about the possibility of investors being given a false sense of security by auditing reports, increasing their vulnerability to cryptocurrencies. This comes after a number of cryptocurrency

December 22, 2022 2 mins read

Binance Assists the DEA in Tracing Illicit Funds

Binance, a major crypto exchange, was purportedly utilized by a Mexican-based international drug cartel to launder millions of dollars. And the exchange assisted police in identifying the criminals. And CZ has stated that, unlike currency, crypto is not a useful instrument for unlawful activity. Because blockchain is transparent. According to

December 22, 2022 1 min read

Binance Introduces New Features for Web3-focused Social platform Binance Feed

For users to access and learn about the most recent Web3 and cryptocurrency news, as well as for creators to further engage with their community, Binance, the world’s leading blockchain ecosystem, and cryptocurrency infrastructure provider, is launching new features to Binance Feed on December 22nd, 2022. Binance Feed’s most recent

December 22, 2022 2 mins read