Crypto exchange Coincheck plans Nasdaq listing in July 2023

Japanese cryptocurrency exchange Coincheck has confirmed plans to pursue a public stock offering in the United States through Nasdaq — a move that would give the company access to the country’s lucrative capital markets.  In documents filed with the U.S. Securities and Exchange Commission on Oct. 28, Coincheck’s majority owner, Monex Group, confirmed that it is …

$57 Million Lawsuit Against Terra Co-Founder Do Kwon Comes To Light

The Wall Street Journal has reported a lawsuit against the man behind Terra, Do Kwon. Do Kwon is facing a $57 million lawsuit for fraudulent misrepresentation of Terra USD. The investors behind the lawsuit roped in Anchor Protocol as well.  Do Kwon has previously denied committing fraud and is believed to be on the run …

CryptoSlate Wrapped Daily: Binance to set up blockchain team for Twitter after $500M investment; Terra collapse sparked BTC supply growth

The biggest news in the cryptoverse for Oct. 28 includes Binance making a $500 million contribution to Elon Musk’s Twitter deal, Ethereum outperforming other Layer-1 networks, deBridge introducing a new standard for cross-chain transfers, and Wisdom Tree recording a loss of about 36% in crypto assets in the third quarter.  CryptoSlate Top Stories Binance founder …

Wisdom Tree takes 36% loss in crypto assets in Q3

Wisdom Tree saw its crypto holdings fall by 36% as it lost roughly $87 million between June and September. 2 min read Updated: October 28, 2022 at 8:34 pm Cover art/illustration via CryptoSlate Investment management firm Wisdom Tree reported a 36% decline in its crypto holdings, which slid to $178 million at the end of …

NFT marketplace Souffl3 closes $2 million in seed round

Souffl3, a “smart trading” NFT marketplace and launchpad on the Aptos blockchain, has raised $2 million in its latest seed funding round, according to an announcement post on Oct. 28.  Excited to announce Souffl3’s completion of $2 million USD seed round. Thank you @Cryptocom_Cap, @Synergiscap , @huobi_incubator, @VenturesM77, @J17Capital for your trust and support. #LFM …

Terra collapse sparked explosive growth in long-term Bitcoin supply

The Terra collapse, in which $60 billion of value evaporated, has already gone down as a defining moment in cryptocurrency history. TerraForm Labs co-founder Do Kwon maintains the issue boiled down to weaknesses in the UST stablecoin protocol design. However, others have openly called out the project as a scam from the off. The event …

Ethereum price outperforms other L1 networks

Ethereum’s (ETH) price performance has outperformed those of other leading layer1 networks in the last seven days, posting returns of over 10% against Bitcoin (BTC), according to data analyzed by CryptoSlate. Source: Glassnode According to the Glassnode data, only Ethereum and Polygon’s MATIC posted positive returns against Bitcoin during the week. Meanwhile, Solana (SOL) briefly …

Costa Rican congresswoman proposes bill to regulate, recognize cryptocurrency

Costa Rican Congresswoman Johana Obando proposed a crypto-friendly bill, titled  “Cryptoassets Market Law (MECA),” to regulate and exempt crypto tax profits generated from mining activities. 1 min read Updated: October 28, 2022 at 1:34 pm Cover art/illustration via CryptoSlate Costa Rican Congresswoman Johana Obando proposed a bill titled  “Cryptoassets Market Law (MECA),” to regulate and recognize …

CryptoSlate Daily wMarket Update – Oct. 27: Dogecoin continues impressive run as BTC, ETH flatlines

The cryptocurrency market cap saw net outflows of $17.26 billion over the past 24 hours, pushing the total to $980.76 billion from $998.02 billion as of press time. The market cap fell by 1.68% over the last 24 hours. Over the reporting period, Bitcoin and Ethereum market cap decreased by 1.84% and 2.73% to $388.13 …

Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition

After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the U.S dollar plunged to 23.09:1, a new low for the currency. Cairo’s apparent devaluation of the Egyptian pound met a key condition set by the International Monetary Fund (IMF) before it eventually approved a $3 …

Topps Reveals 2022 MLB Postseason NFTs Prior to the World Series

As fans prepare for game one of the World Series between Major League Baseball’s (MLB) Philadelphia Phillies and the Houston Astros, the candy and collectibles firm Topps released the company’s 2022 NOW MLB Postseason non-fungible token (NFT) collection. The MLB Postseason NFT collection is being released in three drops via the Topps NFT marketplace. Topps …

Legendary Rocker Ozzy Osbourne’s Ozzfest Festival Is Coming to the Metaverse

Following the drop of Ozzy Osbourne’s Cryptobatz non-fungible token (NFT) collection that consists of 9,666 unique bats designed by the legendary rocker, Ozzy and his wife Sharon Osbourne announced Ozzfest is coming to the metaverse. This annual hard rock music festival will take place in Decentraland from November 10-13, located on various stages in the …

Bitget to Launch KCGI 2022: Football Edition With 100 BTC Prize Pool and More Rewards Including Signed Messi Jerseys and Popular Tokens for Fans

press release PRESS RELEASE. October 28, 2022 – Leading cryptocurrency exchange, Bitget, unveils details and awards for King’s Cup Global Invitational (“KCGI”) Fall 2022, its upcoming global crypto futures trading competition. Being Bitget’s third KCGI and celebrating World Cup Qatar 2022 hosted in the same period, the tournament will be themed around football and the …

Fantom Network Launches Automated Smart Contract Audit System Watchdog to Monitor for Bugs

On October 27, the Fantom Foundation announced a collaboration with the security and analysis platform Dedaub in order to bolster Fantom’s decentralized finance (defi) ecosystem. Dedaub’s monitoring system called Watchdog will monitor smart contracts on the Fantom blockchain for exploits and buggy code. Fantom Looks to Curb Defi Exploits With Watchdog Monitoring System The Fantom …

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