A series of tragic incidents have unfolded over the last several weeks in the realm of cryptocurrency. After the FTX collapse, many in the crypto community were terrified. Several layoffs and withdrawal halt was witnessed on a regular basis. The cryptocurrency lending platform BlockFi was hit hard by the decline
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
Files voluntary petitions for Chapter 11 protection to preserve client value and pursue recoveries on counterparty obligations JERSEY CITY, N.J.–(BUSINESS WIRE)–BlockFi Inc. and eight of its affiliates (“BlockFi” or “the Company”) today commenced voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for
Billionaire Bill Ackman discussed his opinions on several issues relating to cryptocurrencies, such as crypto legislation in a series of tweets Saturday. He claimed that additional regulations for cryptocurrencies are not necessary. A large portion of the fraud that is occurring involves traditional pump-and-dump scams and custodians failing to protect
Ripple’s APAC (Asia Pacific) policy director said that the collapse of FTX is exactly why crypto needs to move away from the hype cycle and towards real utility. He also described that the FTX fall is incredible damage for the crypto space, but it says that the industry should stand
Following the success of the past AIBC Summits in Dubai, Toronto, and the Balkans, SiGMA Group organised the flagship event. This November, the best names in Crypto, Blockchain, and Emerging Technologies have assembled for Malta Week 2022. In the centre of the Mediterranean, from the 14th to the 18th of
The largest cryptocurrency by market cap, Bitcoin (BTC), is still highly rejected as long as there is still market volatility globally. Over the last weekend, Bitcoin’s price dropped to $15,000 rage, leading to bearish momentum in the global crypto market. Also, Bitcoin wallet addresses fell by over 80%. In the
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
After the horrific aftermath of the FTX exchange’s failure, the cryptocurrency market plummeted to lows not seen since the bear market of 2018. The Hedera project, which operates on the company’s patented Hashgraph technology, has continued to thrive despite this. After a rough second quarter, the Hedera Network rebounded with
There has been a 24% increase in the value of Huobi Token (HT) during the last day. The price of one HT has risen from its all-time low of $3.70 on November 13 to its current price of $7.22. The values of cryptocurrency tokens have taken a beating in the
