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
Sango Coin and The Crypto Island, a metaverse platform, are both in the works. The World Bank declared in May that it would not be “supporting Sango.” Government-backed Sango crypto hub project in the Central African Republic (CAR) aims to promote the local digital asset industry and has gone live.
Crypto Mining to commence effectively in Russia. Mining to be soon legalized, with the bill already passed. All mined crypto to be sold outside Russia. The Central Bank of Russia (CBR) announces officially that crypto and crypto mining will be legalized back in Russia, provided all the cryptos mined in
Hacking official accounts of prominent organizations or personalities is not a new way of scamming people across the globe. Twitter, Facebook, and YouTube accounts of the British Army were all compromised for almost four hours on Sunday by hackers advertising fake non-fungible token (NFT) collections and cryptocurrency scams. United Kingdom’s
The FSR 2022 records various statements highlighting the risks in the crypto market. 1% tax on crypto transactions reduced the volume of trading to 50% quantity. By June end, the Reserve Bank of India (RBI) released its annual financial stability report (FSR) 2022, where the RBI governor warned everyone stating
BitMart announced it will list TrustWallet (TWT) on July 4. TrustWallet will create a buzz among the crypto market after listing. Investors believe that TWT might reach $0.90. BitMart is a global crypto trading platform that allows users to sell, buy and trade cryptocurrencies. Hundreds of cryptocurrencies are listed on
There have been over 15 verified cases of crypto crime nationwide, with a conservative estimate of $1.59 billion in revenues. No one knows how much North Korea contributes to global crypto crime, but the report claims that DPRK’s cyber operation is extensive and well-organized. North Korea ranks at the top
The bullish divergence provides further support for the reversal idea. The ADX slope didn’t react strongly enough to this week’s colossal sell-off. According to a well-known quant analyst, monitoring the activity of ancient Bitcoin (BTC) whales since the investment group might lead to a shortage of supply for the cryptocurrency’s
Ethereum transfer costs are steadily dropping from May 11, 2022. On July 2nd,2022 – the average fee slipped lower to $1.67 per transfer. Notably, Ethereum network fee points out the same in November 2022. As the entire crypto market was bearish in recent months, there were massive price falls in
Sales of non-fungible tokens (NFTs) have fallen to a 12-month low due to the crypto market’s massacre, according to crypto analytics company Chainalysis. Sales of NFTs in June were the weakest since June 2021, when they were $648 million. In January of this year, NFT sales set an all-time high
