Justin Sun is open to buying FTX assets: WSJ

Summary: Tron founder Justin Sun said his team was in the Bahamas where FTX is based to evaluate a potential deal. Sun noted that the process might be long especially since Sam Bankman-Fried’s company already filed for bankruptcy. The billionaire digital currency proponent opined that FTX’s contagion will hurt crypto’s image in mainstream society. Justin …

Former Goldman Sachs Executive Says He’s Bullish on XRP, Citing Real Use Cases and Network Effects

Macro expert and former Goldman Sachs executive Raoul Pal is expressing bullish sentiment on the digital asset XRP. In a new Ask Me Anything video, Pal says that XRP already has utility and is being used in money transfers. According to Pal, the price of XRP could appreciate in the event that Ripple wins the …

Hedge Fund Billionaire Bill Ackman Reverses Stance on Crypto After Years of Skepticism – Here’s Why

Billionaire investor Bill Ackman has taken a completely different stance on crypto after being skeptical of the space for years. Ackman, the founder and chief executive of the hedge fund Pershing Square Capital Management, says crypto’s ability to facilitate fraud initially drove his skepticism of digital assets. “I was initially a crypto skeptic, but after …

Disgraced Crypto Trading Firm Alameda Research Moves $93,353,985 in Ethereum-Based Altcoins Into Single Wallet

Sam Bankman-Fried’s failed crypto trading firm Alameda Research appears to be consolidating crypto assets into a single wallet. The firm has steadily accumulated $93,353,985 worth of Ethereum-based altcoins into just one address in recent days, according to the on-chain analytics company Nansen. The bulk of the altcoins are denominated in the US dollar-pegged stablecoin Tether (USDT), …

Bitcoin will survive failure of ‘any giant’ in crypto, Samson Mow says

The collapse of FTX has triggered a notable drop in the price of Bitcoin (BTC), but that in no case means that BTC can be destroyed by failing cryptocurrency firms, according to Bitcoin proponent Samson Mow. The cryptocurrency industry is still seeing the wave of FTX contagion playing out, and it is likely to face …

The Reserve Bank of India to launch a retail CBDC pilot in December

Having tested the wholesale usage of its central bank digital currency (CBDC), the Reserve Bank of India (RBI) is preparing to conduct the retail pilot of the “digital rupee.” The pilot should launch within a month. According to the Economic Times of India, the RBI is in the final stage of preparing the rollout of …

How to buy cryptocurrency in Canada?

Purchasing cryptocurrencies like Bitcoin (BTC), Dogecoin (DOGE) or Ether (ETH) in Canada is on an upsurge as crypto ownership rises. Moreover, the Ontario Securities Commission, in their report, stated that more than 30% of Canadians plan to buy crypto assets in 2023.  So, if you are wondering how to buy Bitcoin or crypto in Canada, …

FTX ordered to pay reimbursement fees to Bahamian regulators

The bankrupt cryptocurrency exchange FTX’s trouble continues to mount with each passing day, with the latest coming from the Bahamas, once its headquarters. The Supreme Court of Bahamas issued an order in favor of the Securities Commission on Nov. 21, ordering the troubled crypto exchange to pay reimbursement fees to the regulator for holding its …

Binance muscles in on hardware wallet sector with series A investment in NGRAVE

Binance Labs announced it will take the lead in an upcoming Series A investment round in hardware wallet maker NGRAVE. Company co-founders Xavier Hendrickx, Ruben Merre, and Edouard Vanham launched NGRAVE in 2018 to make crypto a safer place for all. Hendrickx had suffered multiple instances of lost and stolen crypto funds, including being a …

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