10:30 ‘Cryptocurrencies Like Bitcoin Make Global Commerce Easy’ — Founder of Nigerian Crypto Exchange
What Is Web3 and What Is Its Role in NFTs? Web3 (or Web 3.0) will revolutionize the way we use the internet by incorporating decentralization via blockchain technology. Some believe it will change the internet the way bitcoin (BTC) and other cryptos have altered the financial paradigm. In order to understand Web3, it’s helpful to understand Web1 and Web2: Web1 (or Web 1.0) is what […]
Smart investors see potential in Oryen Network after a wild 200% price increase. How about Monero and Algorand? Smart investors can see the great potential in this new and exciting DeFi network known as Oryen. What’s all the hype about? And how does Oryen (ORY) compare to Monero (XLM) and Algorand (ALGO)? Oryen Network (ORY) Oryen is a DeFi staking platform that is community-run and censorship-proof. The platform’s creators have developed a simple […]
Binance proof-of-reserves is 'pointless without liabilities': Kraken CEO The collapse of the crypto exchange FTX revealed the importance of proof-of-reserves in avoiding situations involving the misappropriation of users’ funds. While exchanges have proactively started sharing wallet addresses to prove the existence of users’ funds, several entrepreneurs, including Kraken CEO and co-founder Jesse Powell, called the practice “pointless” as exchanges fail to include liabilities. […]
Polkadot Price Analysis & Prediction (Nov 25th) – DOT Flags More Bearish as Price Plunges From $6, Where Is It Heading Next? Since the price crashed to $5.35 a few days ago, Polkadot struggled to recover well above $6. Instead, it flagged another bearish after the price saw multiple rejections at a crucial supply zone. The bearish action appeared to be painting an uglier scenario for Polkadot following the crash from $7.43 around the channel’s resistance. It […]
Polkadot incentivizes its community to fight scams Polkadot’s protocol that connects blockchains becomes the first to dedicate a centralized Anti-Scam team to campaign against scammers in its ecosystem. On Thursday, 24th of November, Polkadot announced on its website that it is actively campaigning against scammers. Though Polkadot has just been live for less than six months, that hasn’t deterred scammers from spawning […]
UK Bank Starling Blocks Payments to Crypto Platforms — Claims Crypto Is High Risk, Heavily Used for Criminal Purposes
Coinbase explores proof of reserves ways, launches a developer grant program Coinbase has announced that it is excited to see how far it can go in the industry with on-chain accounting and is exploring new ways to prove reserves. In addition, they announced a $500k developer grant program to encourage others. Providing proof of reserves In a recent case, people entrusted their money and trust to […]
Hayvn set to claim remains of FTX “spoils” for relationship benefits Despite FTX’s ongoing bankruptcy proceedings, the Abu Dhabi-Based Crypto Firm, Hayvn, sets out to buy FTX Pay. The company is not buying FTX Pay for its technology but for its relationships. Hayvn sees “gold” in infamous FTX landfill Abu Dhabi-based crypto trading company, Hayvn’s board has approved a plan to bid for FTX Pay through […]
Singapore Regulator Explains Action Against Binance vs FTX — Warns Even Licensed Crypto Exchanges Can Fail The Monetary Authority of Singapore (MAS), the regulator overseeing the crypto sector, has defended the action it took against crypto exchange Binance and not the collapsed crypto platform FTX. The central bank also warned that cryptocurrencies are “highly volatile and many of them have lost all value.” Singapore’s Central Bank Clarifies Its Stance on Binance […]
Mexican crypto platform Bitso bets on transparency to reassure users in a post-FTX world Mexican crypto platform, Bitso, published a transparency roadmap to calm a cryptocurrency community wary of centralized custodians following the fall of major crypto exchange FTX. According to a Nov. 25 Reuters report, Bitso becomes the last of many cryptocurrency service providers attempting to calm down the now mistrustful cryptocurrency community. The crypto platform’s chief regulatory […]
Moonstone Bank explains ties with Alameda Research and FTX After questions arose recently concerning FTX’s $11.5 million interest in a small American bank Moonstone, the latter explained the ties. A spokesperson from the bank indicates that the demise of FTX will not vastly affect them but will ruin their reputation as a startup. FTX investment in Moonstone Bank Recently, there arose many questions concerning […]
U.S. DOJ yet to investigate SBF over FTX bankruptcy A recent update has just emerged that the U.S. Department of Justice has failed to launch an investigation into the crash of the FTX exchange. Reasons unknown, the news will receive wild reactions from crypto communities. U.S. Department of Justice ignoring massive crypto fraud? Earlier, a Cryptocurrency Youtuber, with a channel named Bitboy Crypto, revealed […]
Dai Stablecoin issuer MarkDAO votes to remove Alameda’s renBTC from its reserve MarkDAO, the DAI stablecoin issuer, passed a governance proposal to remove renBTC from being used as collateral and reduce exposure to what it described as a risky asset. The contagion effect of the FTX and its Alameda research collapse have compelled a lot of crypto projects to cut ties and simultaneously carry out different face-saving […]
Dogecoin Rallies As Price Breaks Major Resistance; Here Is Why $0.15 Is Possible DOGE’s price holds above $0.08 as the price gears for a rally to a possible high of $0.15. DOGE’s price remains strong as bulls reclaim $0.088 despite uncertainty in the market traders and investors remain cautious. DOGE’s price bounces from a low of $0.07 on the daily timeframe as the price reclaims $0.088 as price […]
Tezos partners with game and VR/AR development software giant Unity The Tezos Foundation partnered with game engine developer Unity to provide blockchain integration solutions to the software used to develop video games and virtual and augmented reality applications. According to a Nov. 25 announcement, the Tezos Foundation and the Tezos Ecosystem teams aim to develop a Web3 Blockchain software development kit (SDK) to provide as an […]
According to Belgium, Bitcoin and Ethereum are not securities Belgian financial authorities have stated that they do not view cryptocurrencies like Bitcoin and Ethereum as securities. The position of several other nations, which have categorized such assets as financial securities, differs from this one. According to the Belgian government, since cryptocurrencies are more akin to commodities than securities, they shouldn’t be governed by the […]
US Congress members stood in the way of the SEC’s FTX inquiry Reports have emerged that a group of US Congress members tried to slow down the Securities and Exchange Commission’s investigation into FTX. The Commission sought information into activities of the FTX exchange earlier in the year but a group of eight Congress Members wrote a letter to SEC in March in an attempt to chill […]
Harmony upgrades its LayerZero bridge to link seven new tokens Open-source, decentralized blockchain network, Harmony, has officially upgraded its LayerZero bridge. The blockchain network was announced on Friday, 25th November 2022. The upgrade was issued to allow the LayerZero bridge to create links to seven tokens bridged to the Binance Smart Chain. Harmony’s LayerZero bridge The recent upgrade on the LayerZero bridge will see seven […]
10,000 Bitcoin Withdrawn From Wallet of Defunct Crypto Exchange Wex, Former BTC-e A large amount of cryptocurrency kept in a wallet associated with crypto exchange Wex, successor of the infamous trading platform run by alleged money launderer Alexander Vinnik, has moved for the first time since 2017. The 10,000 bitcoins in question, worth over $165 million, have been transferred to new addresses in several transactions. Bitcoin Stored […]
Trouble in the Bahamas following FTX collapse: Report Following the collapse of crypto exchange FTX, which was headquartered in the island nation of Bahamas, Bahamians are reportedly still trying to find a way to make sense of everything, while remaining optimistic about the future. According to a report by the WSJ, the island nation — which encouraged cryptocurrency companies to feel at home […]
American regulators to investigate Genesis and other crypto firms Cryptocurrency lending firm Genesis Global Capital and other crypto firms are under investigation by securities regulators in the United States, according to reports on Nov. 25. Joseph Borg, Alabama Securities Commission Director, confirmed that its state and several other states are participating in inquiries regarding Genesis' alleged ties to retail investors, including if Genesis and […]
Several US States Open Investigation Into Crypto Lender Genesis: Report Following the collapse of FTX, multiple U.S. regulatory agencies have opened investigations into FTX and other centralized exchanges and operators as the contagion continues. Now the Alabama Securities Commission and other states are investigating Genesis Global Capital, according to Barron's. Alabama Securities Commission Director Joseph Borg told Barron's that "several other states" are part of […]
Here is the next price target for Chainlink as the token becomes bullish LINK rose by 4% on Friday amid a five-day winning streak The cryptocurrency faces some resistance at the 50-day MA Investors should buy on potential correction and target $8 An intraday gain of 4% on Friday was enough to take the price of Chainlink (LINK/USD) to $6.9. The token is clearly bullish since overcoming resistance at […]
Hoskinson warns about the magnifying of the decentralized ID war As the cryptocurrency industry draws closer to widespread adoption, Cardano (ADA) founder Charles Hoskinson has warned about an imminent decentralized sector identity war. Hoskinson stated during the Web Summit 2022 on November 24 that the battles would probably intensify over the following 24 months. According to him, if the sector gets decentralization right, it will […]
BNB recovers above a crucial level. Should we wait for a further bullish push? Binance token rose by 17% on Wednesday. The crypto exchange announced HOOK token sale on Binance Launchpad. BNB eyes $330 next and is a buy on a retracement As Binance coin (BNB/USD) slipped below $266, it signalled the start of a bearish market. BNB has defended the level since July, and a decline below it […]
