This new asset class may now be included in their long-term investment plan. Pie-based investing is a fundamental feature of M1 Finance. Many crypto investors will be frightened in 2022 due to a bear market, but online brokerage business M1 Finance plans to provide cryptocurrency trading accounts and services soon.
On the occasion of its fifth anniversary, Binance, the world’s biggest cryptocurrency exchange by trading volumes, has removed fees for a wide variety of Bitcoin spot pairings. Tether (USDC), Binance USD (BUSD), Circle’s USD Coin (USDC), as well as the euro, the Turkish lira, and other fiat currencies may be
SBF confirmed that FTX is not open to acquire crypto mining firms. Earlier, FTX had provided more than $240 million credit line to BlockFi. Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, declined the latest rumor surrounding the company. On Saturday, SBF cleared the speculation through a tweet that
BlockFi CEO Zac Prince, 100% confirms that the firm is being sold to FTX. This year, Bankman-Fried paid $648.3 million for a 7.6% stake in Robinhood. BlockFi, a leading cryptocurrency lending platform CEO Zac Prince disputes the reports that the firm has sold for $25 million, BlockFi previous value was
BlockFi received a $250 million line of credit from FTX. Massive leverage is the root of many problems afflicting the crypto community. The current bear market and the aftermath of Terra LUNA and UST last month have significantly impacted the crypto industry. The demise of Terra set off a chain
Currently, 1114 owners have gained Snoopverse Early Access Pass. Snoop Dogg and Eminem collaborated on a music video. Snoop Dogg is an early adopter and the most noticeable celebrity figure in the Web3 community. Anyone who follows him on Twitter knows that his attention is now used on everything related
Banxa will allegedly reduce its workforce from 230 to 160 personnel. European Managing Director Jan Lorenc plans to depart the business in European market. According to Banxa, a crypto payments service provider, 30 percent of its workforce will be let off as a cost-cutting measure during the current bear market.
The total sum being discussed has not been made public yet. The company sold its stake in 3AC and reduced 20% of its personnel this month. Wall Street Journal reports that well-known cryptocurrency exchange FTX is planning to buy a stake in lending company BlockFi. It seems that talks between
The lawsuit claims that Coinbase failed to disclose TerraUSD’s true nature. GYEN surged in value, then plummeted a week after Coinbase added it to its platform. On Thursday, a class-action lawsuit was launched against Coinbase, claiming the trading platform was irresponsible in listing the TerraUSD stablecoin and charging that it
The Web 3.0 wave is fast catching up with centralized crypto exchanges and brokerages. In the past two years, there has been a gradual shift to the Decentralized Finance (DeFi) market, with more crypto natives opting for permissionless ecosystems. Today, this industry enjoys a total value locked of $106 billion,
