It’s hard to believe that 2022 is the year that saw NFTs being sold for 100s of millions and Bitcoin reach all-time highs of around 60,000 USD. While at the same time being the year that saw multiple crypto companies crumble, including the infamous collapse of FTX, and causing Bitcoin
Former BlockFi executive and now Google APAC Web3 Lead Rishi Ramchandani is a former of the cryptocurrency industry. Earlier this year, the biggest search engine in the world stated that the Web3 industry had “tremendous potential” and devoted a team to exploring it. In a recent LinkedIn post, Ramchandani expressed
Despite the current crypto market conditions, Decentralized finance (DeFi) still proved its higher scaling potential than the traditional financial industry. Some segments of the DeFi industry continue to “display a positive trend,” while the overall value locked fell from its peak of $180 billion in December 2021 to around $50
The global dapp store, DappRadar, has released its 2022 end-of-year report on the blockchain, dapp, and cryptocurrency industries. One of the worst crypto winters ever occurred in 2022, resulting in a sharp decline in the value of most major cryptocurrencies and a spate of catastrophes, including the collapse of the
Binance is increasing its attempts to comply with American law enforcement and regulators. Earlier today, the biggest cryptocurrency exchange in the world by trading volume stated that it has joined the Chamber of Digital Commerce, an American lobbying organization, in order to “help establish policies that benefit and protect users.”
BlockFi, a defunct cryptocurrency lender, has filed a motion with the U.S. Bankruptcy Court seeking permission to release its customers’ cryptocurrency holdings in BlockFi Wallet Accounts. Withdrawals and transfers from BlockFi Interest Accounts will not be affected by this request, since they are currently suspended. The lender, which filed for
Sherrod Brown, the head of the United States Banking Committee, propounded that the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to embargo Cryptocurrency. He further stated that the Treasury Department and “all the other agencies” should evaluate any potential actions linked to the Cryptocurrency market. Brown
The investment and asset management firm BlackRock has released its forecast for the financial markets in the next year. The firm, which is believed to handle $8 trillion in assets, predicts a downturn due to central banks’ anti-inflationary measures. But its 2023 Global Outlook research claims that this recession would
The blockchain-focused venture capital firm Fenbushi Capital US has led Amber group’s new $300 million Series C investment round, the business announced on Twitter on December 15. As a result of the FTX collapse, Amber has opted to delay its Series B fundraising. And go through with its Series C
Because of the current bear market, the crypto derivatives platform Paradigm has decided to reduce employee pay by 15%. After FTX’s bankruptcy last month, derivatives trading took a significant hit. Exchange co-founded by arrested entrepreneur Sam Bankman-Fried is accused of using billions of dollars in client cash to finance the
