Paxos Gold (PAXG), also known as PAX Gold, is a crypto asset on the Ethereum blockchain. Each PAXG token is backed by one fine troy ounce of gold stored in Brink’s vaults. So, if you own one PAXG toke...
Tag: crypto news
FBI reportedly planning to extradite Sam Bankman-Fried from The Bahamas – crypto.news
The Federal Bureau of Investigation (FBI) intends to extradite former FTX CEO Sam Bankman-Fried (SBF) to the United States for questioning and is in talks with Bahamian authorities about it. FBI talki...
Dogecoin creator blasts Sam Bankman-Fried’s comeback attempts – crypto.news
Dogecoin (DOGE) creator and outspoken critic of the FTX market wrecking crash, Billy Markus, has blasted the former FTX CEO’s recovery plans. Billy Markus lashes out at SBF On the wake of the 16th of ...
Gemini falters on EARN redemption requests due to partner’s suspended withdrawals – crypto.news
U.S leading crypto exchange, Gemini, says redemption of EARN products is being delayed after its partner in the product, Genesis Global, paused withdrawals on its borrowing platform amid the crypto li...
FTX fiasco sparks fear in crypto investors – crypto.news
Investor confidence in the industry is in jeopardy following the sad events involving FTX. Since rectification will take time, the crypto winter will likely continue for a few more months, possibly in...
Crypto lending unit Genesis is halting customer withdrawals – crypto.news
According to the latest reports, crypto brokerage Genesis suspends redemptions at its lending unit. The organization says that abnormal withdrawal requests cause that halt in the wake of the bankrupt ...
Pantera Capital releases statement amid the breakout of FTX contagion – crypto.news
Joey Krug, co-CIO of cryptocurrency investment firm Pantera Capital, recently discussed how his company had been impacted by the demise of SBF’s FTX empire and the short, medium, and long-term effects...
New York’s financial watchdog calls for better crypto regulation – crypto.news
The head of the New York Department of Financial Services emphasized that federal law should be modeled after the rigorous requirements in her state. In the wake of the FTX collapse, the superintenden...
Technical audit shows LFG didn’t misappropriate funds as it tried to defend TerraUSD peg – crypto.news
An on-chain audit commissioned by the Luna Guard Foundation (LFG) and Terraform Labs (TFL) to provide transparency into the actions of the two organizations in their unsuccessful defense of the TerraU...
Shark Tank’s Kevin O’Leary says he would back SBF again – crypto.news
Despite the current FTX turmoil significantly impacting the crypto craze, some crypto enthusiasts like Kevin O’Leary (Mr. Wonderful) still have faith in the ill-fated company‘s founder. Why O’Leary s...
Apple preparing for “3D Mixed Reality Realm”? – crypto.news
Recent job openings indicate that Apple is hiring a number of engineers with experience in augmented reality and virtual reality. This development suggests a “mixed-reality world” by Apple could be qu...
BlockFi releases a progress report amid FTX crisis – crypto.news
BlockFi, in a recent press release, publicly revealed the extent of damage they had suffered due to the FTX saga. The statement was a response to how all of FTX’s clients seem to suffer greatly due to...
Ripple granted Amicus Brief go-ahead amid ongoing battle with SEC – crypto.news
Ripple’s case against the SEC is gaining traction, as it has been permitted motions to file amici briefs. Coinbase is leading the charge, with plans to file a brief this week. In the ongoing legal bat...
Ikigai hedge fund hit hard by FTX collapse – crypto.news
A prominent hedge fund, Ikigai Fund, becomes the latest company to reveal its exposure to Sam Bankman-Fried’srecently dissolved crypto exchange, FTX. Chief Investment Officer Travis Kling disclosed th...
HEX Trust is changing priorities after FTX-induced Crisis – crypto.news
On the 14 of November, the Hex Trust, an institutional-grade custodian in Hong Kong, sent an open letter to all investors claiming to now minimize its risk exposure by not prioritizing revenue generat...
CEXs reserve plunges; hits lowest level since 2018 – crypto.news
Following the FTX crash, Crypto Centralized Exchanges(CEXs), are at their all-time low since November 2018. FTX crisis floors centralized exchanges In the wake of the FTX crisis affecting several cryp...
Singapore Blockchain-Based Securities Exchange Scores $20 Million In KB Securities-Led Funding
Oi-Yee Choo, CEO of ADDX. ADDX Singapore-based ADDX, which operates a securities exchange powered by blockchain technology, announced on Tuesday that it had secured roughly $20 million in a fundraisin...
Binance lags behind Coinbase, Kraken and Gate.io in proof of reserves initiative – crypto.news
On November 8, Changpeng Zhao — the CEO of the world’s leading crypto exchange, Binance — suggested that cryptocurrency exchanges should provide proof of reserves. Still, his exchange ended up not bei...
Bitfarms records positive adjusted EBITDA of $10 million for 2022 Q3 – crypto.news
Bitfarms has ended the third quarter with about a 17% increase in profits. The final stages of Canadian expansion projects are due for completion by year-end. Bitfarms unveils Q3 reports As earlier pr...
Trust Wallet unveils browser extension desktops – crypto.news
Trust wallet has launched a new browser extension wallet that will support all EVM chains, including Solana, according to a press release on November 14, 2022. The new extension complements Trust Wall...
Future implications of FTX’s bankruptcy filing for crypto assets – crypto.news
The collapse of FTX, a crypto exchange that was earlier this year valued at $32 billion and made famous by a Super Bowl commercial starring comedian Larry David, has left the crypto market in a state ...
A new NFT called Bankrupt FTX Yacht Club enjoys immediate success – crypto.news
A non-fungible token (NFT) collection called “Bankrupt FTX Yacht Club” enjoyed immediate interest from collectors following its creation on Nov. 11, the day when FTX filed for bankruptcy. The Bankrupt...
The cryptocurrency market meltdown is akin to the 2008 financial crisis – crypto.news
Almost 15 years have passed since the financial crisis of 2008. The crash affected various sectors of the economy, such as banking and real estate. Cryptocurrency investors are now at risk of experien...
Paxos freezes FTX funds following a US watchdogs directive – crypto.news
Over the weekend, Paxos announced the freezing of PAXG tokens in the FTX crypto exchange following a government directive. Several other networks also froze FTX and its leaders’ accounts in the past f...
Fox reporter refutes rumors on Ripple/SEC case – crypto.news
Leading Fox reporter Eleanor Terrett, has refuted the network’s assertions that a settlement between Ripple and the SEC is anticipated tomorrow. Eleanor Terrett, a renowned writer, and Charlie Gaspari...
Nike launches SWOOSH, a new digital community for Nike products – crypto.news
Global sportswear brand Nike has announced its New Digital Community, a Blockchain-powered home for Nike virtual creations. SWOOSH will set the tone for Nike’s first digital collection launch in 2023....
NFTSTAR squad land at The Sandbox before the World Football Championship – crypto.news
It has been announced that the NFTSTAR super squad will feature in an experience of the Global Sports Village. It would happen at The Sandbox metaverse development hosted by Sandbox in conjunction wit...
Yuga Labs acquired WENEW and its flagship NFT series 10KTF – crypto.news
Today, web3 pioneer Yuga Labs and Bored Ape Yacht Club (BAYC) announced the acquisition of WENEW and its most popular NFT collection, 10KTF. The purchase agreement between WENEW and Yuga Lab aims to b...
Billionaire Mark Cuban still believes in crypto and smart contracts – crypto.news
On Monday, American billionaire, entrepreneur, and media appropriator Mark Cuban sparked Twitter and said he believes in Smart Contracts while investing in the crypto industry. Moreover, tokens valuat...
Binance to remove FTT as a trading pair except FTT/BUSD – crypto.news
Binance said it would shut down many trading pairs that contain FTX’s FTT because of the ongoing crisis. The only one to be left untouched will be the BUSD/FTT pair. The crypto exchange announced on M...
Chiliz offers affected FTX users $10,000 each via a 38 million CHZ fund – crypto.news
The pioneer sport-oriented on-chain platform, Chiliz, has allocated about 38 million CHZ to provide up to $10,000 in compensation to each FTX user affected by a recent hack. Chiliz offers lifeline to ...