Sat, June 27

Binance Transfers Over $2 Billion Worth Bitcoin to New Wallet

On Monday, the price of Bitcoin (BTC) dropped sharply, falling below the $16.5k support level. Bitcoin’s price is expected to drop to $14,500 before confirming a bottom, according to analysts. On the other hand, other analysts think the BTC price may recover from its present low using information from previous

November 28, 2022 1 min read

Crypto Exchange Bitfront Announces Closure by Year End

In order to devote more resources to its other blockchain endeavors, Japanese company Line has decided to close its U.S. exchange Bitfront around the upcoming New Year. The messaging platform announced in an email to users that it would no longer be accepting new signups as of today and would

November 28, 2022 1 min read

U.S Midterm Elections Donation by FTX CEO Can Be Recovered

The ultimate responsibility is now on SBF’s political contributions, despite predictions from experts that he would likely face prison time for misusing crypto cash. Sam Bankman-Fried’s contributions to the U.S. Midterm Election 2022 made news in the first week of November, just days before the FTX collapsed. SBF was reportedly

November 28, 2022 2 mins read

Crypto Exchange Lemon Cash Lays Off 100 Employees

Citing the difficult economic conditions and the absence of a clear recovery horizon in the venture capital sector, cryptocurrency exchange Lemon Cash said on Thursday that it will be laying off 38% of its workers, or over 100 people. CEO Marcelo Cavazzoli said in an interview that both the Argentine

November 27, 2022 1 min read

Bitget Registers in Africa To Boost Global Development

Bitget, a cryptocurrency and derivatives exchange, stated on November 25 that it has registered in Seychelles, Africa, to accelerate its worldwide development. Bitget hopes to double its current workforce size of 800 employees by the end of the first quarter of 2023, reaching 1200 employees in total. The company is

November 27, 2022 1 min read

Binance CEO CZ Meets Albanian Prime Minister Over Crypto Adoption

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

Crypto Exchange Coinsquare Hit With User Data Breach

User’s private information was hacked only one month after Coinsquare became the first Canadian cryptocurrency trading platform to be approved by the Investment Industry Regulatory Organization of Canada (IIROC). The money investors have on Coinsquare are protected by the Canadian Investment Protection Fund. In the case of the exchange’s collapse.

November 26, 2022 1 min read

Kraken CEO Criticizes Binance’s Merkle Tree Proof of Reserves

Kraken’s CEO, Jesse Powell, recently stormed out over Binance, calling the exchange’s proof of reserves useless due to the absence of “proof-of-liabilities.” The bankruptcy papers of FTX’s clients revealed that FTX had leased out a significant portion of their assets before the exchange’s insolvency. Leading exchanges have been rushing to

November 26, 2022 2 mins read

Crypto Trading Firm ‘Hayvn’ Plans Bidding For Acquiring FTX Pay

On Friday, Abu Dhabi-based cryptocurrency trading firm Hayvn said that it was contemplating making an offer to acquire FTX’s payments business, FTX Pay. Executives at Hayvn believe FTX Pay is a good fit for the Hayvn Pay system. Moreover, it has been claimed that FTX, now a defunct cryptocurrency exchange,

November 25, 2022 2 mins read

Binance Announces Delisting of Serum Token Trading Pairs

In a recent announcement, Binance said that it will no longer support trading pairings involving the SRM token issued by Serum including against the Binance exchange token (BNB), Bitcoin (BTC), and Tether’s stablecoin (USDT). Serum is the token used for governance on the decentralized Solana-based exchange backed by FTX and

November 25, 2022 2 mins read