Genesis protocol, the lending arm of Genesis Global Capital, suspended withdrawals last week. This was due to an influx of withdrawal requests from users and a lack of liquidity. It was revealed that the firm had requested $1...
Joe Biden, the President of the United States of America, during the 2022 G20 leaders summit in Bali, called for stricter policies and regulations in the crypto industry. He said in his statement: "It is critical to build...
Emurgo, the official investment arm of the Cardano blockchain, is set to launch USDA, a stablecoin, next year. USDA will be the Cardano ecosystem's first regulated, fully fiat-backed stablecoin. Although most stablecoins are backed by other assets, they...
Bitcoin ($BTC) Bitcoin recently surpassed $17,000 for the first time in quite a while. The release of the US PPI and positive sentiments from Twitter CEO Elon Musk preceded the bullish price action. The US PPI shows that...
The Securities Commission of the Bahamas has taken complete control of FTX Digital Assets. On the 17th of November, a press statement announcing the new user guidelines was made available to the public. The Securities Commission transferred all...
Popular artist Justin Bieber purchased a Bored Ape NFT for $500 and 16 ETH, worth $1.3 million at the beginning of the year. Today, the NFT's worth is $59 and 16 ETH. NFT Price Floor, a data and...
Binance CEO Changpeng Zhao (CZ) recently shared his thoughts on the six things to do to ensure a healthy centralized exchange. Binance is, without a doubt, the most successful centralized crypto exchange. It hardly ever surfaces in any...
According to JS Held, a New York consulting firm has revealed that the Luna Foundation Guard (LFG) spent $2.8 billion defending its stablecoin $UST’s peg. The LFG disclosed the audit report via its Twitter handle. The audit was...
The contagion effect of the FTX liquidity crunch seems not to be letting up. Another exposed firm, Genesis, the crypto lending unit of Genesis Global Trading, has halted withdrawals and the issuance of new loan permits. The announcement...
Binance Labs has made a $4 million investment in Ultimate Champions, a new fantasy sports app. Binance announced this investment via a blog post. The funding will help Ultimate Champions expand their reach, develop more games, and advance...
