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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
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
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
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
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
Beeple, a top-class non-fungible token creator, seeks to integrate his creations with one of the world’s leading blockchains, Solana. Ultimately, he will present users with an enthralling experience with 3D NFTs. Beeple To Bring In 3D NFTs Stephen Hess, a founding partner and CEO of Metaplex Studios, announced Beeple’s innovation at the Solana breakpoint conference … Read more
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
Developers can build and initiate new projects on blockchain-based platforms. The service is a completely managed software in charge of hosting nodes for Web3 development across the globe. Google Cloud Blockchain Node Engine would be a Revolution in Web3 The organization revealed that “nodes on a blockchain consist of a peer-to-peer (P2P) network. Continually it … Read more
India has had mixed feelings about crypto, and that led to the placing of several restrictions. The Reserve Bank of India, the apex financial institution of the country, wanted a total crypto ban. Later, the country placed a heavy tax of 30% and 1% TDS on crypto traders. Despite the country’s attitude towards crypto and … Read more
It has been a very eventful week for the social media giant, Twitter. It is currently counting down to its last days as a publicly traded firm after Elon Musk’s acquisition. Development Team Fires On Nevertheless, the company’s development team continues working full-steam towards its goals. It announced that it has begun testing a new … Read more
Gucci has opened a store in the Sandbox Metaverse, bringing games and Vintage fashion. Gucci is among the newest prominent brands that embraced Web 3.0 technology worldwide. What You Should Know About the Hub Gucci Vault Land will be open from October 27 to November 9, 2022. The well-known fashion company bought its initial metaverse … Read more
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