FTX bankruptcy will be ‘very expensive’ but there’s a reason: Auditor

The legal fees charged in the first months of FTX’s bankruptcy have been examined by an auditor, who has confirmed the case is “on track to be very expensive.” News Join us on social networks Fees charged by the lawyers and the restructuring team working on the bankrupt crypto exchange FTX have topped $200 million …

Can Meme Coin Newcomer Caged Beasts Compete With XRP & Binance In This Crypto Market?

This article will examine what makes the ecosystem of Caged Beasts unique and shed light on what distinguishes it as as a unique meme coin. The newest meme coin on the crypto market, Caged Beasts (BEASTS), is generating significant hype in the cryptocurrency community and is attracting the interest of meme coin fans as well …

$572,000,000,000 Added to US Debt in Two Weeks, Total Debt Now Exceeds China, Japan, Germany and UK’s Combined GDP

Over half a trillion more dollars have been dumped into the US government’s debt spiral in the last two weeks alone. According to the latest numbers from FiscalData, as of June 15th, the US national debt was $32.03 trillion, a $571 billion rise from June 1st’s recording of $31.46 trillion. Total US debt is now …

Web 3.0 Cannot Tackle Network Manipulation Using Token-Based Governance

HodlX Guest Post  Submit Your Post   Web 3.0 promotes community-driven ecosystems with decentralized, fair and resilient governance. Its goal is to disrupt traditional, top-down organizational structures that suffer centralization – manipulation, insider control, strong-arming, etc. But this requires a radical shift in how we perceive ownership, competence and decision-making. Most Web 3.0 networks currently implement …

Apple removes malicious Trezor app from App Store

Apple has removed a fake Trezor wallet app after a researcher revealed its presence in the App Store but others may still be lurking. News Join us on social networks An apparent malicious app purporting to be crypto hardware wallet Trezor has been taken off Apple’s App Store, though a quick search has revealed that …

Crypto firms tout ‘fictitious’ regulatory stamps, Canadian regulator warns

“Fake” regulatory and dispute resolution entities are being used to make some crypto providers look legitimate, warns the Canadian Securities Administrators. News Join us on social networks Canadian citizens are being advised to double-check crypto trading service providers, as the platforms may be using “fictitious” regulatory bodies to boost their credibility. According to a June …

Avalanche’s Core app launches AI chatbot

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …

WisdomTree submits new filing for spot Bitcoin ETF

What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t have enough, buy ACS on …

Top Analyst Predicts Big Ethereum Correction, Outlines Worst-Case Scenario for ETH

Widely followed crypto analyst Benjamin Cowen is warning that Ethereum (ETH) could correct in a big way as he believes the leading altcoin is poised to retest a long-term trend indicator before it could give birth to a new bull market. In a new strategy session, Cowen tells his 785,000 YouTube subscribers that Ethereum has …

Nifty News: Queen, HSBC filings hint at NFTs, Yuga teases robot game and more

The rock band Queen and big bank HSBC eye up the metaverse while Yuga Labs launched the next iteration of its NFT gaming saga. News Join us on social networks HSBC files metaverse and NFT patents British banking institution HSBC filed a series of metaverse and nonfungible token (NFT)-related trademark applications.  A June 12 filing …

New Polygon Proposal Seeks To Make PoS Chain ZK Compatible

Polygon co-founder Mihailo Bjelic unveiled a new Polygon improvement proposal earlier today.  The proposal seeks to upgrade Polygon’s proof of stake chain to zkEVM Validium. The proposal addresses several concerns, including security, gas spike issues, and reorg issues.  If approved, the zk compatibility would bring scalability, faster transactions, and greater decentralization to the network.  Polygon …

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