Galaxy Digital discloses $77M exposure to FTX, $48M likely locked in withdrawals
The exposure amounts represents a small fraction of the firm's $1.5 billion in liquidity. In its latest quarterly earnings call...
Month: November 2022
In staff letter, Binance CEO embraces scrutiny from regulators amid potential FTX deal
“People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff...
L2 is crucial to Ethereum decentralization, censorship resistance, says researcher
Swedish researcher Eric Wall highlighted StarkNet’s influence on Ethereum’s scalability as he joins the board of the newly formed StarkNet...
Some central banks have dropped out of the digital currency race
There are at least four countries that have either scrapped or halted CBDC plans so far, and each central bank...
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Fortunately, cryptocurrency exchange businesses like KuCoin offer multiple welcome bonuses when one uses its KuCoin referral code, which helps engage...
Bitcoin price risks $17K amid claim Binance may reject FTX takeover
Further losses come in step with confusion over the future of FTX under Binance, while CPI data looms on the...
Meta Announces Layoffs Affecting 13% of Workforce; More Than 11,000 Employees to Be Fired Amidst ‘Cultural Shift’
Meta, the social network company, has announced that it will cut 11,000 jobs, letting go of 13% of the employees...
Biggest Movers: FTT Fire Sale Sends Token Over 70% Lower, SOL Also Falls Significantly
FTX Token plunged by over 70% in today’s session, as sentiment surrounding Binance’s potential buyout of FTX continued to raise...
Elephant in the Room: FTX Troubles Force Exchange Executives to Talk About Proof-of-Reserves
On Nov. 9, 2022, a day after the news broke regarding Binance planning to purchase the exchange FTX, the crypto...
Bitcoin, Ethereum Technical Analysis: BTC at 2-Year Low, ETH Down 20% as FTX Turmoil Leads to Crypto Bloodbath
Bitcoin plunged to a two-year low on Wednesday, as the FTX token sell-off continued to weigh on cryptocurrency markets. After...
Fractional NFTs and what they mean for investing in real-world assets
Fractional NFTs enable users to divide an NFT into multiple fractions, reducing the barrier to entry for investing in real-world...
Blockchain intelligence firm TRM Labs raises $70M in expanded Series B round
Private equity firm Thoma Bravo led the expansion round, bringing the total amount raised to $130 million. Blockchain-based intelligence company...
Meta joins big tech layoffs, lets go of 11,000 employees
The Facebook parent company announced it will let go of approx. 13% of its current workforce in the first mass...
Ramp, builder of crypto payment rails, raises $70M
The company is building payment rails that could make crypto purchases as ubiquitous as Paypal transactions. Crypto-focused fintech company Ramp...
MetaMask allows to move tokens on multiple blockchains with new DApp
Bitcoin integration is not on the immediate roadmap for blockchain bridge support via MetaMask Bridges, a MetaMask executive said.
