Crypto News
US Congress Probes Binance’s Role in FTX Collapse
The United States Congress has decided to launch an investigation into Binance, citing it had a role in the downfall of FTX. This is much to the dismay of many crypto enthusiasts who seem to think Changpeng Zhao (CZ), CEO of Binance, was some kind of savior for the crypto community. But the question is, …...
Crypto Investment Platform YouHodler To Start Referral Program
YouHodler, a well-known crypto investment platform, has announced that it’s starting a bonus and referral program for users. The new program coincides with the company’s four-year anniversary. The platform hasn’t provided many details about its new bonus and referral programs. It says the program is still in the testing phase and will be released to the public …...
A Dormant-Since-2011 Bitcoin Wallet Just Became Active
The recent market crash seems to have woken up a few Bitcoin whales which had been in a decade-long hibernation. On Friday morning (ET), a BTC wallet that had been inactive since 2011 suddenly started sending BTC. 3500 “sleeping bitcoins” (approximately $60 million) were moved for the first time in 11 years to a new address, …...
Brian Armstrong on FTX Collapse: “I Did Not See This Coming”
Brian Armstrong, co-founder and CEO of Coinbase, appeared on the The All-in Podcast where he discussed the high profile collapse of the FTX exchange. During his appearance on the show, Armstrong confirmed he was in contact with Sam Bankman-Fried (SBF) — the CEO of FTX, and Changpeng Zhao (CZ) — the CEO of rival exchange Binance, earlier in the week. …...
BlockFi Relaunches Crypto Yield Accounts For U.S. Investors
BlockFi, one of the most popular crypto investment platforms, has relaunched its crypto yield program for accredited investors in the U.S. after shelving it early this year due to punitive actions from regulators. In February 2022, BlockFi agreed to pay $100 million to settle lawsuits filed by the U.S. Securities and Exchange Commission (SEC) and 32 U.S. …...
Crypto Liquidations Rise To Record Levels As Prices Plunge
Liquidations in the crypto markets have risen to unusual levels lately amid a plunge in the value of many cryptocurrencies. The liquidations span different cryptocurrencies, with hundreds of thousands of traders affected across the globe. $680 million of crypto liquidations occurred on Tuesday, the 8th of November, according to data from Coinglass. In comparison, liquidations on …...
Binance Backs Out Of Proposed FTX Acquisition
The crypto industry is witnessing a saga like never seen before. Barely a day after Binance signed a letter of intent to acquire embattled exchange FTX, the company has backed out of the proposed acquisition, leaving FTX to its fate. Binance announced in a tweet that it has decided not to pursue the potential acquisition of FTX, which appears …...
Binance Signs Letter Of Intent To Acquire Crypto Exchange FTX
The crypto industry has witnessed one of its most remarkable days. Binance, the world’s biggest crypto exchange by trading volume, has agreed to acquire FTX, one of the most popular crypto exchanges. Binance’s founder and CEO, Changpeng Zhao, announced that the company has signed a non-binding letter of intent to acquire FTX following a liquidity crunch experienced by …...
OTC Trading Platform B2C2 Adds Crypto Options Support
B2C2, one of the biggest liquidity providers for the cryptocurrency markets, is adding a new feature to its over-the-counter (OTC) trading platform. It has announced that clients can now trade crypto options electronically via its platform, a notable improvement over the “voice via chat” options trading method it began offering a year ago. B2C2, a subsidiary of Japanese financial firm SBI, …...
Polygon Token Surges Following Instagram NFT Integration
Polygon, one of the most popular blockchains, is seeing a price bump for its native MATIC token following a partnership with Instagram– the social media app has announced that users will soon be able to mint, display, and sell non-fungible tokens (NFTs) hosted on the Polygon blockchain. MATIC’s price has risen 35% since Wednesday, the 2nd of November, 2022, …...
Algorand Soars Higher As the 2022 World Cup Nears
ALGO, one of the world’s most popular cryptocurrencies, has experienced a sharp boost lately. The coin is up 6% over the past 24 hours and 21% over the past seven days, according to data from CoinMarketCap. The price increase is tied to something unusual; the forthcoming World Cup football competition. Algorand, the blockchain ALGO is built on, is …...
Cake DeFi Forges Ahead Despite Crypto Market Slowdown
Cake DeFi, one of the best-known decentralized finance “DeFi” investment platforms, is forging ahead despite a global crypto market slowdown that has wiped off over $1.2 trillion from the value of cryptocurrencies. The platform released its latest quarterly report this week, indicating resilience and striving for growth despite the market bloodbath. In its latest report, Cake DeFi says it …...
NFT Marketplace LooksRare Joins Royalty-Free Bandwagon
LooksRare, one of the world’s most popular marketplaces for non-fungible tokens (NFTs), is the latest in the industry to scrap compulsory royalty fees for transactions on its platform. LooksRare is the latest platform to announce that it wouldn’t add royalty fees by default for NFT transactions. Instead, it’ll dedicate 25% of the fees generated by its exchange …...
On-Chain Protocol LayerZero Launches Blockchain Bridge Aptos
LayerZero Labs, an on-chain user application protocol, has launched a blockchain bridge called Aptos Bridge. According to the team, the bridge will allow its users to transfer Ethereum, USDC, and USDT from Ethereum, Polygon, BNB Chain, Avalanche, and Optimism to Aptos.The developers warned that not all the bridge’s functions will be available in the first interaction of the update. “Aptos launching as an entirely new ecosystem means …...
Moon Mortgage, a Crypto Lending Platform, Closes $3.5M Seed Round
Moon Mortgage, a platform for lending cryptocurrencies, seems to be flourishing despite a bearish crypto market. The company has raised a $3.5 million seed round led by venture capital firms CoinFund and Cadenza Ventures. Each firm chipped in $1.65 million into the round, and the rest came from other investors. Moon Mortgage says most of the seed …...
Solana Derivatives Exchange Mango Suffers $100M+ Hack
Solana DeFi derivatives exchange Mango has suffered a $100 million exploit, involving the manipulation of a price oracle. The hack is one of several in less than a week, just a matter of days after a similar amount was stolen from BNB Chain and two months after a major Solana wallets hack. What exactly happened? The Mango exploiter appears to have …...
Coinbase and Greg Kohs to Debut COIN Documentary on Oct. 7th
Coinbase is one of the world’s most popular cryptocurrency exchanges and the number one exchange in the U.S. It’s one thing to know the crypto exchange and another to know Coinbase Global, Inc, the company behind it. The crypto industry is famous for having an aura of secrecy, with little known about the inner operations of leading exchanges. But, Coinbase …...
Winners and Losers of the Ethereum Merge
The Ethereum Merge was considered by many the biggest upgrade in the history of crypto. The upgrade saw the merging of the Ethereum mainnet execution layer and the Beacon Chain’s consensus layer and eventually happened on September 15, after nearly six years in the making. The Merge essentially changed the way Ethereum operates. It retired Ethereum’s proof-of-work …...
🥛The top 5 things from crypto this week👀
GM. This is the Milk Road. They say Saturdays are for the boys. Well, this week we say Sunday is for the Milk Road Weekly Recap. Let’s dive in! CRYPTO’S TOP FIVE MOMENTS OF THE WEEK Ladies & gents, that’s another week in the crypto books. Just in case you missed anything this week, we’re bringing …...
Investor Gets Crypto Loan Using Airbnb Home As Collateral
Avalanche DeFi Projects...
