In the space of one week, FTX had gone from being the second-largest crypto exchange by trading volume to being bankrupt. This swift move from being ‘okay’ to being in ‘hot water’ has shown just how uncertain things can be in the crypto market. Since it happened, there has been some finger-pointing as participants in …
Continue reading “Is Binance CEO Changpeng Zhao To Blame For FTX Collapse?”
Cryptocurrency investment product provider Grayscale Investments has refused to provide on-chain proof of reserves or wallet addresses to show the underlying assets of its digital currency products citing “security concerns.” In a Nov. 18 Twitter thread addressing investor concerns, Grayscale laid out information regarding the security and storage of its crypto holdings and said all …
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New York City mayor Eric Adams’ stance on crypto is reportedly undeterred by the recent collapse of the FTX exchange. Adams has converted his first three paychecks into Bitcoin (BTC) and Ethereum (ETH) after winning the mayoral race in New York City. Amid the crypto winter further pummeled by the implosion of the industry’s second-largest …
The commercial branch of the Cardano (ADA) blockchain is revealing plans to launch a new fiat-backed crypto asset pegged to the US Dollar. In a new announcement, EMURGO says that it is gearing up to launch USDA, the first ever USD-backed stablecoin for the Cardano ecosystem, early next year. According to EMURGO, the stablecoin was …
“Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information,” new FTX CEO John Ray III said in a legal filing on Thursday. “From compromised systems integrity and faulty regulatory oversight abroad, to the concentration of control in the hands of a …
Continue reading “The fall of FTX and Sam Bankman-Fried might be good for crypto”
Speaking with CryptoSlate’s Akiba at the recent NFT.London event, CTO of Immutable X, Alex Connolly, spoke about the future of web3 gaming and the power it gives back to the players. Immutable X has taken the web3 industry by storm, growing to a $2.5 billion valuation in just two years. Past investment rounds included the …
How the Lines are Beginning to Blur Between Web2 and Web3 Consumers ZAO Nov. 18, 2022 at 5:04 pm UTC 52 min watch Updated: November 17, 2022 at 5:04 pm [embedded content] Recapping Mint Season 6, Episode 23 Season 6, Episode 23 of the Mint Podcast with Adam Levy features Gaby Goldberg. She is an …
The native token of non-custodial wallet provider SafePal (SFP) spiked 125.96% over the past week, according to CryptoSlate data. At the time of writing, the token was trading at $0.743 — up 16.97% over the past 24 hours. The token’s market cap more than doubled from around $35.6 million to $81 million over the past …
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Ontario Teachers said its FTX investmetnt represented less than 0.05% of its total net assets 1 min read Updated: November 18, 2022 at 4:33 pm Cover art/illustration via CryptoSlate Canada’s largest pension fund Ontario Teachers said it would write off its $95 million in bankrupt crypto exchange FTX, according to a Nov. 17 press statement. …
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CryptoSlate caught up with Ray Youssef, the co-founder and CEO of the peer-to-peer trading platform Paxful, during Bitcoin Amsterdam. He said the mental strength and hustle of Nigerians, combined with the introduction of Bitcoin rails in the country, is making a real difference in breaking “economic apartheid.” The issue of business billing Giving his background …
Continue reading “Bitcoin owes its success in Nigeria to the unstoppable youth, says Paxful CEO”
KPMG, one of the “big four” companies in the consulting and auditing business, is appointing a new head of metaverse futures. The new position, to be occupied by Alyse Sue, will be dedicated to the implementation of technologies such as metaverse and crypto to find fresh business models for the company, as other big four …
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After the collapse of FTX, a number of journalists reported on the fact that FTX executives deployed significant donations to political leaders in the United States. During the most recent election cycle leading up to the U.S. midterms in 2022, reports claim that Sam Bankman-Fried donated more than $40 million to Democrats via super PACs …
Despite the recent collapse and the exchange filing for bankruptcy protection, crypto traders are still paying more than a U.S. dollar for FTX’s FTT token on Friday, Nov. 18, 2022. FTT was once a top-30 crypto asset, and now the token has no rank on specific coin market aggregation sites due to locked FTT tokens …
press release PRESS RELEASE. As if the cryptoverse needed more reasons for people to be fearful, both FTX and BlockFi rocked cryptocurrency blockchains and investors alike, sending prices spiraling, blockchains congesting, and investors hunkering down for more ‘crypto-winter’. But amidst this uncertainty, crypto investors now risk missing out on opportunities while becoming stuck in fear, …
Continue reading “EverEarn Ethereum Blockchain Public Presale With USDC Rewards”
A widely followed crypto analyst is warning that a Bitcoin (BTC) dump would likely cause the price crash of Polygon (MATIC), Binance Coin (BNB) and Cosmos (ATOM). The pseudonymous analyst Altcoin Sherpa tells his 187,300 Twitter followers that he thinks Bitcoin is due for another dump to the price range of $10,000 to $14,000, potentially …
