Fri, March 29

Allianceblock Adds On-chain Identity Verification To End-to-End Infrastructure With Launch of TIDV

AllianceBlock, whose goal is to provide frictionless entry points into DeFi, has announced the release of its Trustless Identity Verification (TIDV) solution on Mainnet, with the first integration occurring through the Fundrs platform. The issue of exchanging verified information without compromising security is addressed by Trustless Identity Verification (TIDV), a

November 9, 2022 4 mins read

Solana Price Drops Amid Sam Bankman-Fried’s FTX Scandal

The current scandal over Sam Bankman Fried’s crypto exchange FTX and his trading company Alameda Research resulted in a significant loss on Solana’s SOL token. The worst-case scenario is SBF’s Alameda Research holding a significant amount of Solana tokens.  The so-called Ethereum killer Solana (SOL) which supports the rapid layer-1

November 9, 2022 2 mins read

OnePlanet Introduces Launchpad Service to Enhance the Polygon NFT Ecosystem

OnePlanet, the rapidly growing NFT Marketplace has come up with a new initiative, introducing its launchpad service to aid the Polygon NFT ecosystem. The Polygon-based platform now allows the creation and release of new collections on the Polygon network by launching an NFT launchpad service for the prominent blockchain ecosystem. 

November 9, 2022 2 mins read

Coinbase CEO Claims No Exposure to FTX, FTT Token and Alameda

Following Binance’s announcement that it will acquire FTX, Coinbase CEO Brian Armstrong went to Twitter to address customers’ worries about the exchange’s impact on his company. Armstrong began by expressing his empathy for everyone affected by the present FTX issue. In a series of Twitter threads, Armstrong cleared out a

November 9, 2022 2 mins read

Elon Musk Sold 19.5 Million Tesla Shares Worth $3.95 Billion

As one would expect, Elon Musk’s acquisition of Twitter has caused quite a stir. Musk has been selling his Tesla shares at regular intervals, suggesting he has been preparing for this transaction for some time. But the most recent one happened days after his massive $44 billion purchase. The CEO

November 9, 2022 1 min read

Robinhood Shares Drop 20% Amid Binance Acquiring FTX

As a result of the recent announcement that Binance would acquire Sam Bankman-Fried’s FTX. The popular trading platform Robinhood has seen its share price drop by over 20% to roughly $9.74. FTX had previously purchased a 7.6% stake in Robinhood in May. Prior to the announcement of the FTX acquisition,

November 9, 2022 1 min read

Mass Layoff To Strike Meta by Tomorrow as per Mark Zuckerberg

Recently, layoffs have become more prevalent. Many firms operating in the cryptocurrency industry have started laying off employees as a means of cutting costs.  Moreover, it was reported that Meta had is planning to follow suit and was getting ready for “large-scale layoffs.” Many have speculated that the Reality Labs

November 9, 2022 1 min read

Coinbase Germany Under Scrutiny by Financial Regulator BaFin

BaFin, Germany’s Federal Financial Supervisory Authority, has mandated that Coinbase’s German subsidiary get its house in order. BaFin, Germany’s financial regulator, has said that it has discovered irregularities in how Coinbase Germany operates. The company’s corporate structure was criticized for allegedly violating applicable regulations. Moreover, after conducting an audit, the

November 9, 2022 2 mins read

Daily User Growth Skyrockets After Elon Musk Acquires Twitter

In his short time as CEO, Elon Musk has already made an impact. In addition, a leading media outlet has recently reported that during Elon Musk’s first week as CEO of Twitter, user growth reached a record high. As Elon Musk, co-founder of Tesla has acquired control of Twitter, one

November 8, 2022 2 mins read

Deribit Hacker Starts Transferring Stolen ETH Via Tornado Cash

The attacker began transferring the stolen assets less than a week after attacking one of the top cryptocurrency derivatives exchange, Deribit. Hacker sent 1,610 Ether (ETH) worth over $2.5 million to the U.S. sanctioned crypto mixer Tornado Cash on November 5, leaving roughly 7,501 ETH remaining. Reports of a $28

November 8, 2022 1 min read