The financial behemoth JPMorgan shared insight into the complete scenario of the demise of the prominent cryptocurrency exchange FTX. JPMorgan stated that the centralized player is the cause of the recent crypto collapse. Also, the banking giant believes FTX’s failure might eventually make way for more strong regulations for cryptocurrencies.
Nike, the world’s largest athletic apparel company hopes to intensify it with the introduction of a new platform .SWOOSH. The platform is positioned as the focal point of Nike’s Web3-related digital initiatives. It is intended to draw attention to the company’s NFTs and virtual apparel initiatives, as well as upcoming
The world’s largest centralized cryptocurrency exchange Binance, experiencing massive use in its debit and credit card program. In addition, last week, Binance announced Apple Pay, Google Pay, and their credit/debit card integration to UK and EEA users. Meanwhile, in the aftermath of prominent crypto exchange FTX’s demise, Visa declared on
The Financial Secretary of Hong Kong has urged for a greater emphasis on transparency and adequate supervision when dealing with virtual assets, just days after Binance CEO Changpeng “CZ” Zhao warned of the advent of more regulatory scrutiny in the wake of the FTX crash. Paul Chan, Hong Kong’s Financial
Reports surfaced over the weekend that Vitalik Buterin, co-founder of Ethereum (ETH), liquidated a large quantity of ETH tokens. Vitalik’s transactions, according to a wallet tracker, occurred around the time of the major FTX crypto exchange breach. According to MistTrack, Vitalik traded roughly 3,000 ETH for around $4 million USDC.
Among Russian banks, VTB Bank is the first to design a prototype that would let customers utilize the digital equivalent of the country’s fiat currency to fund accounts and make transactions using the bank’s mobile app. The bank’s press service indicated that in 2023, certain customers will be given the
Cathie Wood, founder, and chief investment officer of investment management company Ark Invest, tweeted on Saturday her concerns that the Federal Reserve might cause inflation and a worldwide economic catastrophe similar to that of 1929. During the Great Depression, she said, the Federal Reserve boosted interest rates “to squelch financial
Famous Bitcoin maximalist El Salvador President, Nayib Bukele, showed up on Twitter to solidly express the cruciality of Bitcoin amid the ongoing chaos in the crypto market. He penned down that the bankrupted crypto exchange FTX is unlike Bitcoin. FTX’s non-transparency and unfair handling of users’ funds triggered him to
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
After being dormant for almost 11 years, a sizable number of bitcoins finally moved on Friday morning. A total of 3,500 Bitcoins valued at over $60 million, originated from seven unique Bitcoin addresses created on October 7, 2011. This is the first significant awakening of long-dormant bitcoins in months. Btcparser.com
