Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
The internet company has faced several challenges this year. One of them was the ban introduced on its prominent Free Fire game in India in early 2022.
The United Kingdom is currently in one of the most troubling recessions on record as the Bank of England has continued to exert monetary policies to control inflation.
The current prediction is that the FTX implosion is going to be accompanied by quite a lot of distress calls from companies who either used the custody service provided by the firm or rely on its DeFi and earnings product to operate.
Ripple published a new whitepaper explaining how the UK can take a lead in establishing crypto standards making it one of the attractive centers for the crypto industry, such as Dubai, Singapore, and the EU.
Prior to its collapse, FTX and its sister trading firm, Alameda Research put up the front as a lender of last resort and made attempts to save the bankrupt firms in the cryptocurrency ecosystem.
Coinbase chief executive Brian Armstrong recently sold over $1.6 million in shares, according to an SEC filing.
Charlie Munger remains unapologetically skeptical about crypto, especially with the recent happenings around the collapse of the crypto exchange FTX.
This announcement signals the developing interest of the central bank in the blockchain space.
The ex-FTX CEO Sam Bankman-Fried posted a series of incoherent and questionable Twitter posts in the wake of the exchange’s collapse.
A lower October PPI suggested that inflation is abating and has triggered a rise in the S&P 500, other leading averages, and retail stocks.
Amid Silvergate Bank’s exposure to FTX, Goldman Sachs has cut down the price target and is expecting greater deposit outflows.
Sources familiar with the matter said that BlockFi is struggling to continue operations amid FTX’s collapse and has also planned layoffs very soon.
According to the IPO prospectus, BYD Ltd’s semiconductor unit was anticipated to raise approximately $281 million to fund various projects.
The integration will make it easier for crypto-native businesses to receive payments without excluding customers that don’t use crypto.
The EU legislators want to avoid the risk associated with crypto assets that mask the senders’ and recipients’ information.