SkyBridge Capital founder Anthony Scaramucci is investing in a crypto company founded by the former president of FTX US. According to an email to Bloomberg, Scaramucci said he would be investing his own personal funds to support ex-FTX US president Brett Harrison’s new venture, which became known just three weeks after the collapse of crypto exchange …
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Justin Sun is reportedly eyeing the assets of Digital Currency Group (DCG), the parent company of embattled crypto broker Genesis and many other firms in the industry. According to Reuters, the founder of blockchain network Tron (TRX) and advisor to crypto exchange Huobi is willing to allocate as much as $1 billion of his personal …
A widely followed crypto analyst says that Bitcoin (BTC) is still the best play for crypto market participants despite a week that saw altcoins spike in price. In a new strategy session, Benjamin Cowen tells his 781,000 YouTube subscribers that altcoins are risky even as their prices surge because he believes the Bitcoin Dominance index …
Bank of Thailand has disclosed plans to allow virtual banks to operate in the country for the first time. Financial firms will be able to provide services by 2025, a Bloomberg report shows. The “Consultation Paper on Virtual Bank Licensing Framework” published by the central bank says that applications will be available later in 2023 …
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Shiba Inu Team announced the launch of the beta L2 blockchain platform (Shibarium) that aims to lower gas fees on the Ethereum network. Transactions on Shibarium occur “off-chain” and are communicated back to the Ethereum blockchain, which allows for lower costs and faster processing times. Shibarium also provides a robust development framework for the community …
Ethereum’s Shanghai upgrade in March will enable withdrawals from the beacon chain by granting ETH validators the ability to unstake. Cover art/illustration via CryptoSlate The Ethereum (ETH) Shanghai upgrade is due to release March, enabling withdrawals from beacon chain and allowing ETH currently staked in ETH 2.0 validators to be unstaked. With over 70% of …
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2022 Review 2022 was an unprecedented year of demand destruction and wealth destruction across financial asset classes. Bitcoin was down 75% from its all-time high. However, this is its fourth worst drawdown and continues to make lower highs each cycle. Price Drawdown ATH: (Source: Glassnode) For many a decade, the 60/40 portfolio of stocks and …
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Along with draining all crypto and NFTs, the attackers gained control of NFT God’s social media accounts and his Substack blog. 2 min read Updated: January 15, 2023 at 4:19 pm Cover art/illustration via CryptoSlate Non-fungible token (NFT) influencer who goes by ‘NFT God’ on Twitter lost all his digital assets in a hack on …
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Talking to Jared Grey, the Head Chef of SushiSwap about transparency in DeFi, the future of the industry, and running a DAO for the first time 23 min watch Updated: January 15, 2023 at 10:18 pm [embedded content] In this episode The decentralized hiring process at SushiSwap: The process of selecting the head chef through …
Since The Merge, Ethereum’s onchain fees have been considerably lower. However, combined transaction volume on layer two (L2) chains Arbitrum and Optimism has outpaced Ethereum’s onchain transaction output. On Saturday, Jan. 14, 2023, Ethereum processed 1.10 million onchain transactions, while combined transactions on Arbitrum and Optimism reached 1.32 million for the same day. Rise of …
The body ensuring that consumer rights are respected in Poland has initiated proceedings against a crypto exchange falsely claiming to be Polish. The trading platform also misled customers that it was operating with the regulatory approval of the financial authorities in the country. Belize-based Exchange Risks Hefty Fine in Poland for Allegedly Deceiving Crypto Traders …
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The Nigerian Debt Management Office (DMO) contravened the law when its borrowings exceeded the set limit which is equivalent to $2.2 billion, Adetilewa Adebajo, an international financial markets expert has reportedly said. Adebajo also suggested that the Central Bank of Nigeria governor Godwin Emefiele should be probed for his role in allowing the DMO’s borrowings …
Non-fungible token (NFT) sales have dropped significantly in contrast to the seven days prior, as NFT sales are down 59.35% this week. During the past seven days, $208.68 million in NFT sales were recorded, with $157.20 stemming from the Ethereum blockchain. The top-selling NFT collection this past week was the Bored Ape Yacht Club (BAYC), …
The Bitcoin price prediction is currently consolidating and seems to be preparing for the next move above the resistance level of $21,000. Bitcoin Prediction Statistics […] Go to Source
The chief executive of Crypto.com is announcing a cut to the firm’s global workforce as the digital asset markets attempt to mount a recovery. In a new company blog post, Crypto.com co-founder and CEO Kris Marszalek says that he’s going to slash the firm’s workforce by 20% due to unpredictable events within the industry, such …
