November 29, 2022

BlockFi Has $355M in Crypto Frozen on FTX, Attorney Confirms

Crypto lender BlockFi has about $355 million in cryptocurrencies currently frozen on crypto exchange FTX, attorney Joshua Sussberg told a bankruptcy court in New Jersey on Tuesday.
November 29, 2022

OpenSea Adds Support for BNB Chain NFTs

BNB Chain, one of the world’s most actively used blockchains by daily active users, will allow sales of its NFTs on OpenSea beginning in Q4 2022.
November 29, 2022

Coinbase Wallet to End Support for Bitcoin Cash, Ethereum Classic, Ripple’s XRP and Stellar’s XLM

Coinbase will end support for the tokens associated with Bitcoin Cash (BCH), Ethereum Classic (ETC), Ripple (XRP) and Stellar (XLM) from its wallet service, according to an update on the company’s website.
November 29, 2022

Why Do Crypto Lenders Keep Blowing Up?

Liquidity issues at BlockFi, Genesis, Celsius and other lending firms has tarnished this once promising growth sector. But not all crypto lenders are created equal.
November 29, 2022

A16z Leads $15M Round for Game Studio Roboto Games

The studio, founded by Web2 veterans, plans to add Web3 elements to its forthcoming survival/crafting MMO game.
November 29, 2022

Sony Launches Motion-Tracking Metaverse Wearables

The six bands, called Mocopi, allow users to move as an avatar in real time.
November 29, 2022

The World’s Largest NFT Marketplace Opensea Adds BNB Blockchain Support

On Tuesday, the world’s largest non-fungible token (NFT) marketplace in terms of overall NFT sales volume, Opensea, announced that BNB blockchain-based NFTs will be supported on the marketplace platform. With BNB blockchain support, Opensea users will be able to purchase and list BNB NFT assets. Opensea Integrates BNB Chain — Marketplace Users Can Now Buy and List BNB-Based NFT Assets This week, Opensea surpassed $33 billion in all-time sales according to statistics recorded by dappradar.com. On Nov. 29, 2022, Opensea revealed that the BNB blockchain will now be supported by the marketplace allowing users to buy and list BNB-based non-fungible token (NFT) assets. Opensea already supports Ethereum, Solana, Klaytn, Arbitrum, Optimism, Avalanche, and Polygon networks. According to Tuesday’s announcement sent to Bitcoin.com News, the “BNB Chain will be launched on Opensea’s Seaport Protocol in Q4 2022, allowing multiple creator payouts, […]
November 29, 2022

This simple Bitcoin options strategy allows traders to go long with limited downside risk

Bullish on Bitcoin but afraid of futures liquidations? Here is how pro traders use options to cast safer bets.
November 29, 2022

Solana’s Top Crypto Wallet Looks to Ethereum, Polygon Next

Phantom is moving forward with its long-delayed multichain expansion plan.
November 29, 2022

Report: NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff

With non-fungible token (NFT) sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. According to a report published on Monday and “multiple people familiar with the situation,” the NFT company Candy Digital is laying off over a third of the firm’s staff. After Raising $100 Million in 2021, Report Says Candy Digital Cuts a Third of Its Employees a Year Later On Monday, Sportico’s sports business reporter Eben Novy-Williams reported that the NFT firm Candy Digital “is laying off a large chunk of its workforce, according to multiple people familiar with the decision.” Sportico’s article notes that roughly one-third of Candy Digital’s 100 staff members are being let go, the people familiar with the matter detailed. Candy Digital is a […]
November 29, 2022

24 Exchange and Talos Join Hands to Offer Crypto Trading to Institutions

Crypto trading platform 24 Exchange has joined hands with a network called Talos, which is a provider of digital asset trading technology. Together, they are giving customers access to new forms of crypto-based liquidity that will allow them to engage in quick and easy transactions and financial settlements. 24 Exchange and Talos… The Perfect Match? Dmitri Galinov – the CEO and founder of 24 Exchange – commented in a statement: By integrating into the growing Talos partner network, 24 Exchange will provide Talos customers with enhanced access to digital asset trading opportunities and increased liquidity. Expanding access to Crypto Spot trading is a key component of 24 Exchange’s growth strategy, and we are pleased to achieve that while also delivering a new liquidity venue in partnership with a respected pioneer such as Talos. CEO and co-founder of Talos Anton Katz […]
November 29, 2022

Beto O’Rourke Returns $1 Million To Sam Bankman-Fried, Other Politicians Should Follow?

Former Democratic candidate for Governor of Texas, Beto O’Rourke, gave back the money from FTX’s Sam Bankman-Fried (SBF). The former CEO of the failed crypto trading venue donated $1 million to the O’Rourke campaign, according to a report from The Texas Tribune.  Bankman-Fried donated millions to the campaigns of several high-profile political figures. Before FTX filed for bankruptcy, its former CEO was one of the largest donors to the Democratic party. He contributed $5 million to U.S. President Joe Biden’s campaign in 2020.  As the FTX drama unravels, some politicians scramble to get rid of the donations and distance themselves from Bankman-Fried. The former FTX CEO allegedly used its customer funds to prompt up his other company, Alameda Research, and possibly to make his way into Washington’s sphere of influence.  Beto O’Rourke Returns A Portion, But Not The Entire FTX […]
November 29, 2022

Coinbase Wallet will stop supporting BCH, ETC, XLM and XRP, citing ‘low usage’

The crypto wallet plans to stop support for the four tokens on Dec. 5, but added any remaining funds would still be tied to users’ existing addresses.
November 29, 2022

France, Luxembourg Test CBDC for 100M Euro Bond Issue

The Venus Initiative is the latest attempt to use digital representations of money for financial-market settlement
November 29, 2022

Biggest Movers: LINK Hits 20-Day High, DOGE Rebounds From Monday’s Losses

Chainlink raced to a 20-day high on Nov. 29, as the token surged for a second straight day. Cryptocurrency markets were mostly higher in today’s session, following a sluggish start to the week. Dogecoin was another notable gainer on Tuesday, as the meme coin rebounded from yesterday’s losses. Chainlink (LINK) Chainlink (LINK) climbed to its highest point in three weeks on Tuesday, as prices rose for a second straight day. Following a low of $6.67 to start the week, LINK/USD races to an intraday high of $7.43 earlier in today’s session. The move saw LINK continue its recent breakout of a long-term ceiling at $7.15, hitting its highest point since November 20 in the process. Overall, LINK is up by nearly 25% in the last few days, recording gains in all but one of the last nine sessions. Today’s surge […]
November 29, 2022

FTX Fiasco boosts Bitcoin ownership to new highs: analysts weigh in

Data analytics firm Glassnode, hardware provider Trezor and Bitcoin exchange Relai observe an uptick in Bitcoin self-custody.
November 29, 2022

Firm Behind FTSE 100 Unveils Crypto Index Series

FTSE Russell, the company behind the benchmark index of the U.K. stock market, has rolled out a set of eight indices covering the digital asset market.
November 29, 2022

DeFi Lender Compound Tightens Borrowing Limits After Aave Exploit Attempt

A botched exploit attempt on rival lending protocol Aave brought scrutiny to DeFi protocols’ borrow risks earlier in this month.
November 29, 2022

EIB settles €100 million digital bond on private blockchain

“Unlike some cryptocurrencies using blockchain technology, the EIB’s blockchain bond issues do not lead to extensive energy use,” the bank wrote.
November 29, 2022

Bitfinex Hack Victims Are Still Waiting to Get Their Funds Back

Earlier in the year, the Justice Department announced it had seized billions in crypto funds from a heist that occurred in 2016. Many customers of Bitfinex had their money stolen during that heist, and they learned that approximately $70 million of the recovered funds were likely theirs. Funds Stolen from Bitfinex Have Not Yet Been Returned One such victim – Frankie Cavazos – said he lost about 15 BTC units from the 2016 attack. Upon hearing that his money had been recovered, he commented: It was the biggest relief of my life. He said the money he stood to get back could be a “life-changing amount of money” as the units stolen in 2016 amounted to less than $1,000 each. Today, while the price of bitcoin may be crashing and burning, there is still a significant rise in the books, […]
November 29, 2022

NFT Sales Jumped 22% Higher This Month With $568 Million in NFTs Sold Across 20 Blockchains

Non-fungible token (NFT) sales have shown improvement during the last month as 30-day statistics show NFT sales are up 22.37% higher than the month prior. During the last seven days, NFT sales are up 5.13% higher than the week before. Additionally, over the last two days, the floor value of Bored Ape Yacht Club (BAYC) NFTs managed to jump above the floor value of Cryptopunks NFTs by more than four ethereum. NFT Sales Improved in November, Rising 22% Higher Than October’s Sales — BAYC Floor Surpasses Cryptopunks Roughly two weeks ago, Bitcoin.com News reported on the two blue chip NFT collections — Cryptopunks and Bored Ape Yacht Club (BAYC) NFTs. At the time, Cryptopunks NFTs managed to rise above BAYC NFTs in terms of NFT floor values, but during the last two days, Bored Ape floor values have once again […]
November 29, 2022

South Korea’s unique and amazing crypto universe

November 29, 2022

How stable are stablecoins in the FTX crypto market contagion?

The collapse of crypto-exchange FTX hit the crypto world like a tropical storm. It bears asking once again: How stable are stablecoins?
November 29, 2022

Bitcoin, Ethereum Technical Analysis: ETH Climbs Above $1,200 Ahead of US Consumer Confidence Report

Ethereum rose back above $1,200 on Tuesday, ahead of the upcoming consumer confidence report from the United States. The price comes following a breakout above a key resistance level of $1,180. Bitcoin also climbed higher in today’s session, ending a five-day losing streak. Bitcoin Bitcoin (BTC) snapped a five-day losing streak on Tuesday, as prices moved away from a recent point of support. Following a low of $16,054.53 to start the week, BTC/USD surged to an intraday high of $16,522.26 earlier today. This surge saw bitcoin climb from its aforementioned price floor $16,175, which has been in play since earlier in the month of November. Looking at the chart, although prices have surged, it will be a test to see if this momentum can be maintained, due to the relative strength index (RSI) colliding with a ceiling. As of writing, […]
November 29, 2022

Overview of GetBlock.net: the first multichain explorer with functionality for AML checks

Explorer is one of the most important tools for crypto enthusiasts. It can be used to check the status of transactions and obtain data about crypto wallets. Previously, the crypto community members had to use several sites at once to access all the necessary tools to control transactions and verify cryptocurrencies. This approach is time-consuming. To work efficiently, you have to keep many tabs open in your browser and constantly switch between different platforms. The team of the Getblock.net project has offered a solution to the problem. The developers have combined a full-featured multichain explorer with anti-money laundering (AML) tools in a single platform. Below you can find out how Getblock works. We also recommend bookmarking the platform for all crypto enthusiasts who value security. What is GetBlock Getblock.net is the first multichain explorer on the market with functionality for […]
November 29, 2022

World League Live! Kicks Off Their NFT Collectibles With Inaugural Del Piero Whitelist

The 2022 Qatar Fifa World Cup is in full swing, full of glitzy glamour, international legends, and frantic drama. The beautiful game is in full pomp with fans enjoying a unique winter tournament. Yet that’s not the only thing football fans are currently enjoying, the other is World League Live! (WLL), which recently celebrated 100,000 downloads. The WLL team recently announced their whitelist campaign to access an exclusive Alessandro Del Piero in-game NFT and have a chance to play and meet one of the legends of the game. What is World League Live? World League Live is an arcade football game for mobile that splices the finesse of FIFA with the fun and frantic action of Sensible Football or Mario Strikers. The game’s full suite of social features including video chat and streaming lets players chat and see each other […]
November 29, 2022

First Mover Americas: BlockFi the Latest Chapter (11) in FTX Saga

The latest price moves in bitcoin (BTC) and crypto markets in context for Nov. 29, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
November 29, 2022

Ukraine Considering CBDC That Can Facilitate Crypto Trading

The National Bank of Ukraine says it is looking at retail payments, virtual asset circulation and cross-border transactions as possible use cases for a central bank digital currency.
November 29, 2022

Korean Crypto Exchange Upbit’s Parent Q3 Profit Slides 73%: Report

Dunamu’s net profit dropped to 160 billion won ($120 million), hit by lower trading and crypto market declines, CoinDesk Korea reported Tuesday.
November 29, 2022

Stockpile Is Helping Kids Invest in Crypto

A company called Stockpile – which is billed as the “simplest way” to invest in stocks – is looking to introduce kids and young people to crypto investing. The company’s executives feel it’s never too early to start learning about proper investing methods, and they think getting kids on the right track early will not only assist them, but ensure the world is in a stronger place from a financial perspective. Stockpile Wants to Bring Kids and Crypto Together The thinking makes sense in a lot of ways. There have been many programs and individuals out there that believe kids – being that they’re the future leaders of this country and the world – should know about crypto early given its likely the future of money and getting stronger with each passing year. One example comes in the form of […]
November 29, 2022

Chainlink eyes 25% rally ahead of LINK staking launch in December

LINK’s price could rally on speculations over Chainlink’s oracle services growth coupled with a supportive technical pattern.
November 29, 2022

President of Bank of Brazil Shows ‘Open Finance’ Digital Real Concept Featuring Stablecoin Integration and Payments Functionality

Roberto Campos Neto, president of the Bank of Brazil, explained the role that the Brazilian central bank digital currency (CBDC), the digital real, might play in the future of personal finance. At an event, Neto explained the concept of “open finance,” showing a “super app” that featured PIX (a payments network) functionality, and also integration with other stablecoins already available. Digital Real Might Connect Directly With Cryptocurrencies The proposed Brazilian CBDC, the digital real, is ostensibly growing to have more and more functions. Roberto Campos Neto, president of the Bank of Brazil, showed the concept the bank has for the finished version of the currency. On Nov 25. at an online event, Campos Neto introduced the ideas that the institution has for the currency, under the “open finance” name. This idea includes the integration of the digital real, which is […]
November 29, 2022

US-Based Exchange Bitfront To Shut Down As Crypto Winter Shows No Signs Of Thawing

Bitfront – a cryptocurrency exchange platform launched in 2020 by Japanese social media company LINE – will now cease its operation following the announcement that was made on Monday. With the development, new sign-ups and credit card deposits will be stopped immediately while the platform’s users were given until March 31 next year to take out their funds. The exchange was quick to clarify that its business decision is in no way related to the case of some of its competitors that were reportedly accused of misconduct. According to the announcement made by LINE, it will now turn its focus on its native decentralized finance (DeFi) network and its LINK token. “Despite our efforts to overcome the challenges in this rapidly evolving industry, we have regrettably determined that we need to shutdown Bitfront in order to continue growing the LINE […]
November 29, 2022

India to Start Retail CBDC Pilot in Four Cities With Four Banks

India’s central bank will start testing its retail central bank digital currency (CBDC) in the cities of Mumbai, New Delhi, Bengaluru and Bhubaneswar with the initial participation of four banks.
November 29, 2022

Bitcoin․com Announces Strategic Partnership with Poly Network

Join the Verse public token sale now and purchase VERSE tokens using BTC, BCH, ETH and USDT/USDC. Sale closes Dec 1 at 0:00 UTC. Bitcoin.com, a digital ecosystem that offers secure self-custody solutions for users to easily interact with cryptocurrencies, has formed a mutually beneficial strategic partnership with Poly Network to support Bitcoin.com’s Verse ecosystem. Poly Network is a decentralized and trustless interoperability protocol for heterogeneous blockchains, which has so far integrated support for over 130 tokens. Verse is Bitcoin.com’s ecosystem token that will launch following the public sale, currently live at getverse.com. Verse will fuel the growth and expansion of Bitcoin.com’s ecosystem, which includes over 35 million self-custody wallets created in its multi-chain DeFi-ready mobile app, and an award-winning news portal with over 2.5 million monthly readers. Verse will provide access to exclusive platform services and act as the […]
November 29, 2022

Blockchain Pilgrimage: Regulating Crypto ‘Should Be Combined With Education’ Says Top Wadzpay Executive

The collapse of Do Kwon’s Terra empire in May, and Sam Bankman-Fried’s FTX in early November 2022, will be remembered as two incidents that put the crypto industry on the back foot. It is now widely expected that regulators around the world will use the two incidents to justify the establishment of regulatory regimes that are likely to stifle further innovation. That notwithstanding, one Singapore-based blockchain payments company, Wadzpay, has partnered with Saudi Arabian fintech Geidea to provide financial solutions for pilgrims on their way to Mecca. Providing a Cutting Edge Payment Experience to Visitors Faced with the inevitable, some players in the crypto industry assert that tougher regulations are not going to stop cryptos and their underlying technology — the blockchain. They point to how digital currencies have been instrumental in lowering the cost of remitting funds inside and […]
November 29, 2022

Bitcoin shrugs off BlockFi, China protests as BTC price holds $16K

BTC price action heads higher with Bitcoin joining Asia stocks in a rebound despite FTX pressures continuing.
November 29, 2022

Blockchain-based fintech company prepares to enter $500B freight settlement market

Although rare, real-world blockchain utility does exist, now evidenced by one company’s efforts to reduce transactional fees in supply chains.
November 29, 2022

BlockFi bankruptcy filing triggers a wide range of community reaction

Some pointed their fingers at podcaster Anthony Pompliano for promoting the crypto lending platform quite recently.
November 29, 2022

Huobi Partners With Tron To Launch First National Token Dominica Coin (DMC)

Justin Sun, crypto mogul and founder of the Tron blockchain, has scored another coup. Sun announced a few hours ago that crypto exchange Huobi Global has teamed up with the Tron DAO and DMC Labs to jointly launch the world’s first national token, the Dominica Coin (DMC). Remarkably, the DMC token is the world’s first national token under the authorization of a national government, in this case the Commonwealth of Dominica. @HuobiGlobal partnered with @trondao and DMC Labs to jointly launch the world’s first national token, #DMC (Dominica Coin). #Huobi also supports Dominica Digital ID for KYC verification. https://t.co/UFe6QEzIrr — H.E. Justin Sun (@justinsuntron) November 29, 2022 According to Huobi’s announcement, the token will also be a gateway to the metaverse. For that, DMC provides a Tron network-based decentralized identifier (DID) that will be introduced “in due course.” This is […]
November 29, 2022

FTX reportedly used Alameda’s bank accounts to process customer funds

Former FTX CEO Sam Bankman-Fried, in a conversation with Vox, admitted to using Alameda’s banking facilities for FTX user deposits.
November 29, 2022

Why Fundstrat Still Sees Bitcoin Hitting $200,000, Despite Panic Caused By FTX Meltdown

Bitcoin has already lost more than 76% of its November 10, 2021 all-time high value (ATH) of $69,044 when its overall market capitalization reached $1 trillion. The digital asset is enduring quite a challenging year, first having to deal with the ongoing crypto winter and the losing all gains it had when the market rallied towards the end of October due to the sudden collapse of the FTX exchange platform. After managing to reclaim the $21K territory, BTC was once again in a downward trend and is now struggling to hit even just the $17,000 region. At the time of this writing, according to tracking from Coingecko, Bitcoin is trading at $16,473 and although it has posted an increase of 4.1% over the last seven days, it is still down by almost 21% for the past 30 days and by […]
November 29, 2022

First US State where you can no longer mine crypto: Law Decoded, Nov. 21-28

New York governor Kathy Hochul signed the moratorium, prohibiting any new mining operations that aren’t based on 100% renewable energy.
November 29, 2022

National Bank of Ukraine releases draft concept for digital hryvnia

One of the design options for the Ukrainian CBDC describes the e-hryvnia available for usage in crypto exchange operations.
November 29, 2022

Spanish Securities Regulator CNMV Warns About Crypto Investments; Calls for Caution After FTX Downfall

The Spanish securities regulator (CNMV) has warned investors against putting funds in crypto-related companies. Montserrat Martinez Parera, vice president of the organization, stated that lack of control is one of the causes of the downfall of the crypto exchange FTX, and that anyone looking at crypto as an investment must be very careful due to the lack of regulation in the area. Spanish Securities Regulator CNMV Warns About Crypto-Related Investments The Spanish securities regulator, the CNMV, has given its opinion about the recent downfall of FTX, one of the top three crypto exchanges at a worldwide level. At the inauguration of a public congress on Nov. 25, Montserrat Martinez Parera, vice president of the institution, stated that one of the things that allowed the events involving FTX to develop was a lack of control exerted by some countries. Martinez Parera […]
November 29, 2022

Ripple And SEC File Their Summary Judgement Pleadings Early – Next Dates To Watch

In the legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), both parties have taken an important step towards a ruling by Judge Analisa Torres. According to defense attorney and former federal prosecutor James K. Filan’s tweet, both Ripple and the SEC filed their summary judgment briefs early yesterday. As NewsBTC reported, there are several important deadlines coming up in the next few days. Originally, the two disputants had to file their aforementioned pleadings by November 30. On December 2, Ripple and the SEC were scheduled to meet to jointly discuss redactions before a release was scheduled for December 5. Finally, on December 22, the collective motions to seal all documents related to the summary judgment motions were to be filed. However, as Filan wrote on Twitter, the early filings could push that timeline forward a […]
November 29, 2022

Bitcoin Price Could Plunge Below $16,000 Due To China’s Civil Uproar

Bitcoin, after falling down to around $15,600 on November 22, has been able to climb back up to the $16,000 region thanks to the bulls that exerted every ounce of effort to pull the maiden crypto from such a hole. At the time of this writing, according to tracking from Coingecko, the largest cryptocurrency in terms of market capitalization is trading at $16,492 and up almost 2% during the last 24 hours, and increasing 4.3% over the last seven days. Despite its recent gains, BTC and the overall crypto market are is still reeling from the effects of the collapse of the FTX exchange platform, losing almost $100 billion in overall valuation. Moreover, investors and holders might want to hold their breath for now as the escalating unrest in China might prove to be a doom for the leading digital […]
November 29, 2022

Bitcoin’s Mining Difficulty Expected to Drop Significantly, Retarget Could Be 2022’s Largest Reduction

Bitcoin miners could catch a break in a week or so, on or around Dec. 5, 2022, as the next difficulty retarget is expected to see a significantly large reduction. Estimates show the next difficulty retarget could drop anywhere between 6.13% and 10% lower. Presently, the difficulty change looks as though it could be 2022’s largest reduction if it surpasses the 5.01% decline recorded on July 21. Bitcoin’s Next Difficulty Retarget Is Expected to Decrease, Data Suggests a Notable Drop in the Cards When the last Bitcoin difficulty change occurred on Nov. 20, 2022, at block height 764,064, it increased by a mere 0.51% that day. The increase did, however, propel the network’s difficulty to its lifetime high of 36.95 trillion. Since then, during the past week, the network’s average hashrate has been around 249.1 exahash per second (EH/s). The […]
November 29, 2022

BlockFi Files for Bankruptcy Following FTX Collapse

Following the collapse of FTX, BlockFi has officially filed for bankruptcy after several days of assumption on the company’s financial health and liquidity issues. BlockFi Files For Bankruptcy […]
November 29, 2022

Cardano (ADA) Price Analysis: Key Resistance Intact Near $0.32

ADA price is signaling a bearish bias below the $0.35 support zone against the US Dollar. The price is now trading below $0.320 and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.314 on the 4-hours chart (data feed via Bitfinex). The price could continue to move down if it fails to surpass the $0.320 resistance zone. Cardano price is struggling below $0.32 against the US Dollar, similar to bitcoin. ADA price must stay above the $0.300 support to avoid more downsides. Cardano Price Analysis This past week, cardano price saw a fresh decline from the $0.335 zone against the US Dollar. The ADA/USD pair declined below the $0.320 and $0.312 support levels. The price even declined below the $0.300 support and the 55 simple moving average (4-hour). A low was […]
November 29, 2022

LBRY alleges Apple forced it to censor certain terms during COVID-19

After Elon Musk lamented the winding back of Apple’s Twitter advertising, crypto company LBRY replied about its own troubles with Apple and censorship.
November 29, 2022

Israel’s chief economist lays out recommendations for crypto regulation

The chief economist said the Supervisor of Financial Service Providers and the Israel Securities Authority should be granted more powers to oversee the industry.
November 29, 2022

Don’t Forget the Importance of Censorship Resistance

Since people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that, in the early days, was touted as the killer feature. I’m talking about censorship resistance. The following opinion editorial was written by Bitcoin.com CEO Dennis Jarvis. The Three Pillars of Censorship Resistance In the financial context, censorship resistance is the ability to carry out financial actions despite the wishes of any third party. In crypto, the three pillars of censorship resistance are: The freedom to transact. This means third parties cannot prevent you from sending or receiving assets. The freedom from confiscation. Third parties cannot take away or freeze your assets. The immutability of transactions. It is impossible for third parties to change or revert transactions after the fact. Troubling […]
November 29, 2022

Bankrupt BlockFi Sues Sam Bankman-Fried for His Robinhood Shares, FT Reports

SBF, through his Emergent Fidelity Technologies, had pledged his stake in the online trading company as collateral for a loan.
November 29, 2022

Nifty News: China’s lockdown protest NFTs emerge, Candy Digital cuts staff, and more

Two collections have appeared on NFT marketplace OpenSea depicting images and art related to the rare widespread protests in China over its lockdown policies.
November 29, 2022

Silvergate denies recent FUD, confirms minimal exposure to BlockFi

Silvergate Capital has been quick to distance itself from the now-bankrupt crypto lender BlockFi.
November 29, 2022

Calls for regulation get louder as FTX contagion continues to spread

The FTX saga has made some crypto executives, researchers, analysts, and politicians more aligned on regulation than ever.
November 29, 2022

Mark Cuban: If I Were Sam Bankman-Fried, I’d Be Afraid of Going to Jail for a Long Time

The billionaire owner of the NBA team Dallas Mavericks and a Stark Tank star, Mark Cuban, says that if he were the former FTX CEO Sam Bankman-Fried, he would be afraid of going to jail for a long time. “I talked to the guy and thought he was smart … I had no idea he was going to take other people’s money and put it to his personal use,” Cuban said. Mark Cuban on Sam Bankman-Fried and FTX’s Collapse Mark Cuban, a Shark Tank star and the owner of the NBA team Dallas Mavericks, talked about the collapsed crypto exchange FTX and its former CEO Sam Bankman-Fried (SBF) in an interview with TMZ Sports, published Saturday. Despite the FTX meltdown, Cuban still sees value in cryptocurrency. He opined: There’s been a lot of people making a lot of mistakes, but […]
November 29, 2022

First Mover Asia: Ethereum Isn’t WETH or stETH. But Jokes Still Move Markets

Sam Reynolds writes that irreverent posts about lesser-known altcoins – and more significant tokens – can be destructive. Especially if people don’t get the irony. ALSO: Bitcoin drops as BlockFi files for bankruptcy protection.
November 29, 2022

FTX resumes paying staff and contractors after weeks in limbo

The payments will exclude former FTX CEO Sam Bankman-Fried, and certain former execs including Gary Wang, Nishad Singh, and Alameda’s Caroline Ellison.
November 29, 2022

Aave Supporters Say Lending Freeze Will Help Transition the Network

Community members voted Monday to freeze 17 assets in the Ethereum liquidity pool in order to lower risk within the protocol ahead of upgrading the network to its v3 version.
November 29, 2022

JPMorgan Expects Major Changes Coming to Crypto Industry and Regulation Post FTX Collapse

JPMorgan has outlined key changes it expects in the crypto industry and its regulation following the collapse of crypto exchange FTX. The global investment bank envisages several new regulatory initiatives, including those focusing on custody, customer asset protection, and transparency. JPMorgan Expects Major Changes in Crypto Industry Post FTX Meltdown Global investment bank JPMorgan published a report Thursday outlining major changes it expects to happen in the crypto industry following the collapse of cryptocurrency exchange FTX. Global strategist Nikolaos Panigirtzoglou explained that “Not only has the collapse of FTX and its sister company Alameda Research created a cascade of crypto entity collapse and suspension of withdrawals,” but it is also “likely to increase investor and regulatory pressure on crypto entities to disclose more information about their balance sheets.” Panigirtzoglou proceeded to list the main changes JPMorgan expects after the FTX […]
November 29, 2022

BlockFi sues FTX’s Bankman-Fried over shares in Robinhood

BlockFi is demanding Bankman-Fried’s investment company turn over its shares in Robinhood as collateral it agreed to pay as part of a pledge agreement.
November 29, 2022

Crypto Bank Silvergate Says Its BlockFi Digital Asset Deposit Exposure Totals Less Than $20M

The bank’s shares closed down 11% to $25.90 on Monday, after BlockFi bankruptcy filing.
November 28, 2022

From the NY Times to WaPo, the media is fawning over Bankman-Fried

Mainstream media outlets just can’t seem to stop drooling over the disgraced FTX founder.
November 28, 2022

Israel’s Ministry of Finance Proposes New Guidelines for Regulating Digital Assets

The proposal follows the country’s recent efforts to integrate cryptocurrencies into its economy.
November 28, 2022

Ukrainian Government Puts Binance Payment Service Integration on Hold

Plans to integrate Binance functionality into Ukraine’s electronic documents app Diia has upset local crypto exchanges and entrepreneurs.
November 28, 2022

DeFi Giant MakerDAO Voting on Hiking DAI Stablecoin Rewards

Increasing the DAI savings rate would make Maker’s stablecoin more competitive among rivals and help mitigate capital outflow from crypto to traditional financial markets, MakerDAO contributors said.
November 28, 2022

Regulating Crypto Not a ‘One-Agency Solution,’ CFTC Commissioner Says

Appearing on CoinDesk TV, Summer K. Mersinger discussed why the need to regulate crypto will require working closely with other agencies.
November 28, 2022

Kevin O’Leary Reveals How He Almost Secured $8 Billion to Rescue FTX Before It Collapsed

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has shared how he and Sam Bankman-Fried (SBF) almost raised $8 billion from institutional investors to save crypto exchange FTX before it collapsed. However, when reports emerged of FTX being investigated by several authorities, including the U.S. Department of Justice (DOJ) and the Securities and Exchange Commission (SEC), all interested investors vanished. Kevin O’Leary Tried to Raise Funds to Save FTX Kevin O’Leary shared how he tried to save cryptocurrency exchange FTX before it collapsed in an interview with the Insider, published Sunday. O’Leary is a paid spokesperson for FTX and has investments in the company. Prior to FTX’s bankruptcy filing on Nov. 11, Mr. Wonderful was talking to a number of prospective investors interested in owning a stake in the crypto exchange. Sovereign wealth funds were interested in investing $8 billion […]