FTX Accumulates More Loss, Files For Bankruptcy

The collapse and crash of the FTX cryptocurrency exchange are one of the most shocking events in the cryptocurrency space in 2022. The centralized exchange gave hints about its struggle with the market’s liquidation in the past few months. Unexpectedly, the exchange platform banned fund withdrawal (a precursor step most crashing companies take). Few days … Read more

Whales Liquidate As Solana’s Price Falls By 24 percent

Solana is experiencing difficulties as a result of this week’s FTX catastrophe. The system is once more exhibiting signs of instability, and the SOL value is also deteriorating. Over the last 24 hours, the Solana native coin SOL has lost about 24 percent of its worth. Not as terrible as FTT, which dropped by 75 … Read more

Crypto Markets Wobble As Binance Withdraws From FTX’s Bailout

Gloominess hits the cryptocurrency market on Thursday as news of Binance backing out of FTX’s buyout airs. Bitcoin traded at a record low during the wee hours of the day. This came about because investors were worried that the seemingly Terra-like implosion of FTX could switch the market into selling mode.  FTX Warns Against Deposits … Read more

BOJ Considers Future Effects Of Waiving Dovish Policy

According to a survey conducted on Tuesday, the Bank of Japan (BOJ) is beginning to assess the impacts of its long-standing ultra-low monetary policy. Likewise, it plans to analyze the possible influence transitioning from the protocol may have on Japan’s economy.  BOJ Investigates The Marks Of Relinquishing Its Monetary Policy Japan’s central bankers have recently … Read more

Binance Moves To Liquidate Company’s FTT Reserve

According to a tweet by Binance’s CEO, Changpeng Zhao, Binance will liquidate its FTT holding. This news followed an alleged leak of sensitive information from FTX. CZ said the process would take months to mitigate the market impact.  Binance To Dissolve Its FTT Holding  Changpeng Zhao tweeted on November 6 that a recent discovery will … Read more

CoinFund Set To Support Growing Crypto Companies With $250M

CoinFund To Invest In Startup Crypto Companies Coinfund, a United States-based investment company, revealed its intentions to offer unlicensed securities valued at $250M, raising capital for increased investments in crypto firms. This report was according to three papers the company submitted with the country’s exchange and security agency, SEC. According to details from market regulators … Read more

Vietnam Government Declares Urgent Need for Crypto Regulations

The Prime Minister said he has been communicating with Vietnam’s money laundering legal agency VnExpress reported. The country’s local newspaper revealed that Chinh made this new move in a discussion group. The Needs for Crypto Regulation Vietnam Prime Minister Pham Minh Chinh on October 24 expressed his concern over crypto regulation. The vast risks and … Read more

LBank Exchange To List VNX Gold On October 25

The digital asset trading platform, Lbank Exchange, plans to list a new token on its trading floor on October 25 to enable its users to access and trade gold-based crypto assets. LBank Exchange to Unveil VNX Gold (VNXAU) VNX Gold utilizes blockchain technology to tokenize physical Gold by combining Gold’s reliability and cryptocurrency’s flexibility. Users … Read more

The NCC Has Classified Obelisk as A Multiplication Scheme

Investors of Obelisk have claimed that its promoters had taken advantage of them financially. Before this, the National Consumer Commission (NCC) received consumer complaints.  In a public declaration on Friday, the complainants said close friends and family members enlisted them. The complainants said that Obelisk convinced them to buy a “bitcoin mining machine.”  The Scam … Read more

ECB Intensifies Hawkish Stance Amid Crypto Market Decline

The crypto market is currently in a bearish trend due to the woeful performance of the broader industry, with the global macroeconomic environment appearing grim. ECB Mulls Interest Rate Hike The United States Federal Reserve has taken aggressive action against soaring inflation. The Fed has continuously raised interest rates to more than 50 basis points, … Read more

EU Official Calls On U.S. Lawmakers To Speed Up Its Crypto Regulation Drive

The European Union (EU) recently approved the Market in Crypto Assets (MiCA) regulations. It is now urging its counterpart in the United States to hurry up and keep pace with its guidelines. Crypto Regulations are Now Global The EU financial services commissioner, D.C., Mairead McGuinness, revealed that crypto regulations would now take a global dimension. … Read more