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
S. Korean authorities have conducted a search warrant at the headquarters of Chai Corporation. A payments technology firm created by Terra co-founder Daniel Shin. On Tuesday, prosecutors for Seoul Southern District in South Korea confirmed the raid. There have been rumors that the company’s debut of its Terra payment services
To move USDT from the Solana blockchain to the Ethereum blockchain, stablecoin issuer Tether has launched a $1 billion chain swap. The news comes as Solana, which was among the top 5 largest cryptocurrencies by market size only weeks ago, struggles in the wake of the bankruptcy of crypto exchange
As of today, Bank of America said it will be shifting its rating on Coinbase shares from buy to neutral. Since its all-time high of $357.39 on November 9, 2021, the price of COIN has fallen 86%, trading at $45.36 right now, a decrease of 7% over the last 24
On Wednesday, interim CEO Derar Islim said that Genesis Global Trading’s lending division has temporarily halted withdrawals and new loan originations in the aftermath of FTX’s bankruptcy. Genesis Global Capital, the division in charge of servicing institutional clients, has $2.8 billion in outstanding loans as of the end of the
After the FTX crisis, Binance CEO CZ took the initiative to reveal the exchange’s reserves, and this has prompted other market participants to do the same. Even though exchanges have begun publishing their proof of funds. Crypto leaders are expressing concern about the huge inflows and withdrawals at certain exchanges.
On November 10th, Genesis Trading said that its parent firm, Digital Currency Group, will inject an additional $140 million in equity funding into the business. To “strengthen its balance sheet” and “position itself as a worldwide leader in crypto capital markets,” the business said it made this choice. The financial
With the crypto ecosystem now worth trillions of dollars, the need for different blockchain entities to be able to interact with one another has never been higher. As a result, many cross-chain interoperability solutions have gained traction over the last couple of years, enabling different networks to share their data,
A crypto exchange lets you buy, sell, and trade cryptocurrencies. This guide breaks down how these platforms work and what you should consider when choosing the best cryptocurrency exchange. Whether you’re just starting or have been trading for years, you’ll find the best crypto exchanges to fit your needs here.
As the curtain falls on September, Bitcoin has been through a whirlwind of activity, with investors cautiously optimistic about what lies ahead in October, affectionately dubbed “Uptober” in crypto circles. Despite a recent sell-off, Bitcoin has managed to hold onto crucial support levels, demonstrating resilience amidst market fluctuations. The week
