Binance contributed another $1 billion to industry recovery initiatives on November 24. And the fund was raised to the tune of $2 billion to protect the crypto firms’ recovery. Furthermore, Binance CEO Changpeng Zhao “CZ” indicated that all funds are in BUSD. Yesterday, #Binance allocated ANOTHER $1 billion to the
The casualties of the FTX collapse are not seemingly slowing down. Evidently, the bankrupted crypto exchange’s fall caused the global crypto market cap to plunge to $780 billion on Monday. Popularly, November 2021 turned out to be the crypto summer when the crypto market cap rose to $3 trillion. Notably,
Coinbase-backed cryptocurrency exchange CoinDCX collaborated with Nansen to provide proof-of-reserves on November 24. This coincided with a rise in the need for exchanges to disclose their business practices among crypto investors worldwide. The information offers an overview of CoinDCX’s overall financial position. Including its token and protocol distribution, asset value,
Despite the critical condition of the crypto market, the adoption rates of the crypto industry is growing on a large scale. Even though the market is highly fluctuating, users are showing great interest in crypto space. Witnessing these positive outcomes, Russia is moving forward to launch a “National Cryptocurrency Exchange”
The crypto scenario has turned upside in a year’s gap. Last autumn was 180 degrees opposite of this year’s autumn in the crypto world. Many of the cryptocurrencies attained their All Time High (ATH) during the month of November 2021. But now the same coins have slipped 50% below. CoinGecko
OKX, a cryptocurrency exchange, has made available a Proof of Reserves page, where customers may verify the sufficiency of the company’s funds. After the demise of FTX, crypto exchanges have been under more monitoring. OKX tweeted and updated its blog about the new page. Users may verify the exchange’s funds
The newest update is that Singaporean authorities are looking into allegations of fraud and deceit against cryptocurrency lender Hodlnaut Pte. The struggling crypto lender’s operations have been strained along with the rest of the market in this crypto winter. With the collapse of the Terra ecosystem earlier this year, Hodlnaut
The adoption of cryptocurrency is spreading over the variant continents undoubtedly, but still, the position held by the fiat currencies is vital. It may take a few more years for crypto to be in everyday use. Prominent crypto firms like Binance, are acting as catalysts to speed up this process.
Popular games like Minecraft and Grand Theft Auto V have seen fan-driven efforts to include NFTs and crypto tokens alongside completely Web3-native games built around NFTs. In contrast, Microsoft took measures last summer to prevent Web3 features from appearing in Minecraft, and now Rockstar Games has done the same with
DUBLIN–(BUSINESS WIRE)–The “Blockchain Devices: Global Strategic Business Report” has been added to ResearchAndMarkets.com’s offering. The global market for Blockchain Devices estimated at US$648 Million in the year 2020, is projected to reach a revised size of US$5.6 Billion by 2027, growing at a CAGR of 35.9% over the analysis period
