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Search Results for: FTX collapse

Tron Network Generated $48 Million in Revenue in Q4 2022

Financial data analytic firm Messari said that in the fourth quarter of 2022, the blockchain platform Tron Network produced $47.9 million in revenue, up 25% from the previous quarter. Additionally, the company saw an a increase in daily active addresses and daily transactions. Most recently, Messari detailed how the cryptocurrency

February 12, 2023 1 min read

Binance Incorporates zk-SNARKs Into Proof-of-Reserve Verification System

Binance, a cryptocurrency exchange, stated on February 10 that it will be using zk-SNARKs. As part of its proof-of-reserves verification system. A cutting-edge technology that the company claims would enable it to validate its reserves in a more secure, transparent way. Proof-of-reserve verification became an important part of the cryptocurrency

February 11, 2023 1 min read

Crypto ATM Operator Cash Cloud Files For Chapter 11 Bankruptcy

Coin Cloud digital money ATMs in the US and Brazil, has filed for Chapter 11 bankruptcy in the US Bankruptcy Court in the District of Nevada. On its website, Coin Cloud boasts of having more than 5,000 ATMs that support more than 40 different cryptocurrencies.  When Coin Cloud had 4,826

February 9, 2023 1 min read

Kevin O’Leary Considers 10,000 Crypto Tokens As Worthless

Kevin O’Leary, the Shark Tank famous television celebrity has made a sensational comment about the existing cryptocurrencies. On the wolf of all streets podcast show with Scott Melker, Kevin mentioned many of the cryptocurrencies would reach zero in no time.  The session titled “Every Unregulated Token Will Go To Zero”

February 9, 2023 2 mins read

SEC Investigates Kraken Over Offering Unregistered Securities

The Securities and Exchange Commission (SEC) is investigating Kraken, one of the biggest cryptocurrency exchanges in the world. SEC to examine whether regulations broken in some of its sales to American investors. The inquiry is related to some services Kraken provided to customers in the United States.  The exchange has

February 9, 2023 2 mins read

Jim Cramer ‘Reiterate’ on Crypto Bull Market

Jim Cramer, a famed host of CNBC’s Mad Money, stated in his recent Twitter post, “I reiterate it is a bull market”, as he claimed in January that ‘the current bullish cloud lasts for the next few months’. Since the start of 2023, the cryptocurrency market signals a bullish trend.

February 8, 2023 2 mins read

Coinbase to List Gaming Token Voxies (VOXELS) in Upcoming Weeks

Coinbase has made a public statement that they would include a new coin in their listing roadmap.  The listing date has not been announced officially, but it is expected to occur within the next several weeks. When a cryptocurrency exchange such as Coinbase adds a token to its “roadmap.” It

February 7, 2023 2 mins read

London Is Going To Host the Largest Crypto & Blockchain Conference

After 4-years of its successful events chain despite the bear market, the Blockchain Economy Summit’s 6th edition is scheduled for February 27-28, to be held in London, UK. This Major crypto event in the UK will host more than 3,000 attendees from 65 countries. As one of the main  financial

February 6, 2023 3 mins read

Binance Smart Chain Surged with Daily Active Addresses

Despite the last year’s bearish momentum, Binance native blockchain BNB Chain has continued to demonstrate strong activity growth in the fourth quarter of 2022. According to Messari, a blockchain research platform report, the average daily active addresses and transactions on BNB Chain have been pushed hard and climbed by 30%

February 6, 2023 2 mins read

Coinbase Stock Surged Over 24% Following Fed Interest Rate Hike

Today the U.S based cryptocurrency exchange Coinbase (COIN) shares soared by more than 24%, despite the Federal Reserve’s most recent hike in interest rates and statements from Fed Chair Jerome Powell about the Fed’s efforts in battling the high rate of inflation.  Further, on Wednesday, a U.S. judge dismissed the

February 3, 2023 2 mins read