Sam Bankman-Fried, the ex-CEO of FTX, a cryptocurrency exchange that was once valued at $26 billion, told Axios on Monday that he is now down to his final $100,000. Early in November, when word broke that the cryptocurrency exchange required a bailout, the founder saw the vast majority of his
ApeCoin (APE), the native utility token of the APE ecosystem, dramatically surges during the last few days. Despite the current gloomy trend of the global cryptocurrency market, ApeCoin is witnessing a massive price increase, registering a 31.9% jump in the past 7 days. At the time of writing, ApeCoin is
Jack Dorsey has been engaged in a label project called ‘Web5’, since resigning from his position as CEO of Twitter in November 2021. As TBD, the bitcoin-focused subsidiary of Dorsey’s Block is seeking to trademark the word “Web5” to avoid confusion regarding the term’s meaning and prevent unauthorized usage of
Earlier today, Phantom, one of the most widely used cold storage wallets for Solana-based decentralized applications and NFTs, announced that it will be expanding to include Ethereum and Polygon. Phantom is available for PC, iOS, and Android. When compared to centralized exchanges and firms that manage sensitive user data. The
Dunamu, the South Korean business that operates the Upbit exchange, has reportedly banned the trade of cryptocurrencies by the immediate family members of its executives and workers since August, according to sources. Dunamu felt it had a responsibility to its community, therefore it decided to expand the restriction to include
The Terra Classic community plans to burn a large number of LUNC tokens in order to decrease the token’s supply and boost its price. After Terra Rebels increased the burn rate with the v22 update, staking, and the 1.2% burn tax, the community has burnt almost 29 billion LUNC tokens
As all the crypto followers know, the year 2022, has not been lucrative like the previous year. However, hopes were not that high for the year 2022. On the contrary, the exact opposite happened. The year 2022, is now considered as a complete ‘Bear Year’, owing to various factors. Accordingly,
An alleged message from Elon Musk, the new owner of Twitter, claims that Apple has pulled its ads from the platform. Elon Musk, in light of Apple suspending its advertising plans on Twitter, tagged Apple’s CEO Tim Cook in a tweet asking if the tech giant was opposed to free
It was speculated in September that NFT powerhouse Yuga Labs was developing a new NFT Collection named “Mecha Apes.” Which may be released before the year’s end. The Community Manager for Yuga Lab, Alexei Koseff, just tweeted that the NFT giant would finally release “Mecha Apes” in time for the
The National Bank of Ukraine is contemplating the introduction of a digital Ukrainian hryvnia that would be suitable for a range of applications, including the distribution of virtual assets and their subsequent trade. According to a press release issued on Monday, the Central Bank has met with representatives from the
