FTX filed for bankruptcy in court on Saturday, claiming that it owed more than $3 billion to over 50 creditors. The exchange had fallen out of favour earlier this month when it declared bankruptcy. This cataclysmic demise of FTX...
Bill Ackman, one of the most prominent proponents and investors in traditional finance, announced on Monday in a series of tweets that he is changing his tune on crypto and is now endorsing a crypto project, even if the...
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 public...
Since this year, the collapse of a number of cryptocurrency exchanges and ecosystems has been attributed primarily to native cryptocurrencies, the most recent example of this being the shocking downfall of FTX. The Korea Financial Intelligence Unit (KoFIU), Korea's...
Chinese internet platforms are hurrying to join the carnival as interest in the World Cup soccer tournament grows worldwide. The country's internet platforms are providing a "metaverse-like" viewing experience enabled by 5G and virtual reality (VR), which will allow...
Binance Labs announced a strategic investment in NGRAVE, a hardware wallet maker, and will lead its upcoming Series A round. NGRAVE is a blockchain and digital asset security company specializing in providing crypto consumers with user-friendly solutions that provide...
Ripple, a cryptocurrency payments platform based in the United States, is seeking regulatory approval in Ireland in order to enter the European market. According to CNBC, Ripple General Counsel Stuart Alderoty stated that "effectively, Ripple is operating outside of...
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 are...
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 of...
The Sky Swans, a creative platform and community aimed at bringing NFTs, digital artists, and music into the real world, announced the launch of its brand today. Sky Swans will bring innovators and creators together, highlighting the value of...
