After the demise of FTX, rumors of instability at Singapore’s Crypto.com exchange have increased. The value of its native currency, Cronos, has fallen as a result of this uncertainty. However, the company’s CEO has publicly addressed investor concerns. The CEO of Crypto.com, Kris Marszalek, participated in a live-streamed Ask Me
LAS VEGAS–(BUSINESS WIRE)–$AP #AultLending—BitNile Holdings, Inc. (NYSE American: NILE), a diversified holding company (“BitNile” or the “Company”), announced today that it expects to have no exposure directly or through any of its subsidiaries or business units related to the collapsed cryptocurrency exchange FTX Trading Limited (“FTX”). Moreover, the Company states
Following the major cryptocurrency exchange FTX’s insolvency, another centralized crypto exchange Crypto.com revealed that unknowingly it had transferred 320,000 ETH, or about $400 million at the time, to a public address that is registered at a rival exchange. According to Etherscan, the block explorer, Crypto.com sent funds equivalent to about
As crypto.com transitions to Proof Of Reserve, the development occurs, and the preliminary audit shows that Shiba Inu owns 20% of the assets. As the FTX collapse forces every firm to focus on transparency. The majority of firms are shifting to make the firm transparent. As a result, Crypto.com was
FTX has formally declared bankruptcy. Liquidity dried up, user funds were frozen, and competitor exchange Binance pulled up its non-binding deal to purchase FTX, sending the firm from a $32 billion value to insolvency in a matter of days. The processes are entirely optional for Alameda Research and the other
Blockchain Crypto Investment Group, LBank Labs, announces the establishment of their new crypto investment fund targeted towards web3 development in Africa. LBank Labs plans to establish a series of regional development funds, including regions such as Korea, South East Asia, and more. This is the first of the sequence of
Crypto.com, the Singapore-based crypto exchange firm, has made a recent announcement after it pledged to publish “audited proof of reserve.” According to a recent tweet from Kris Marszalek, the CEO of Crypto.com, the platform will publish the list of cold wallet addresses and balances for major digital assets within 24
After 7 highly successful events, European Blockchain Convention 2023 is ready to be held again on 15-17 February at the 5-star hotel Hyatt Regency Barcelona. The event will welcome more than 3.000 attendees at what will be the largest edition since the event was launched in 2018. Bringing together startups,
In light of the recent reports about FTX’s liquidity crisis and allegations of manipulation of client cash, cryptocurrency prices have fallen this week, and the market volatility may have even spread to the NFT industry. Moreover, in light of the recent decline in the price of Ethereum, investors may be
Genesis Trading, the market maker and lending arm of Digital Currency Group, disclosed that its derivatives division had over $175 million funds stored in an FTX trading account. Also, the trading company confirmed that it has no ongoing business ties with FTX or Alameda Research, the cryptocurrency trading company run
