Just days ago, Sam Bankman-Fried, the billionaire and former CEO of defunct cryptocurrency exchange FTX and hedge fund Alameda, decided to challenge a U.S. extradition request over his central role in FTX’s collapse that defrauded thousands of investors. However, after spending several nights in a Bahamian jail, he reversed his decision and agreed to extradition […]
The Binance FUD has sparked many fears among investors, pushing the volume of withdrawals to a whopping $5 billion. A similar number of withdrawals would have caused disaster for any exchange other than Binance. But there is always a reversal: BNB network activity surged to unusually high levels when FUD emerged. As Coin98Analytics suggests, BNB
BNB Becomes Most Active Blockchain in Last 24 Hours Despite Binance FUD Read More »
The ability to digitally authenticate almost anything and make money in ways no one could have imagined. Here are some ways the “NFTMe” documentary series introduces non-fungible tokens (NFTs). In the show, artists, collectors, and industry experts worldwide share their experiences with NFTs and how the merging of art and technology has positively impacted their
Amazon’s new series ‘NFTMe’ explores NFT culture and disruption worldwide Read More »
Hedge fund manager Michael Burry, known for being one of the first investors to anticipate and capitalize on the housing market crash of 2007, says Binance’s recent scrutiny proving its reserves is without weight. With the implosion of the FTX profile, centralized crypto exchanges have struggled to provide proof of reserves reports, the purpose of
The Securities and Exchange Commission (SEC) has approved nine additional blockchain-enabled funds from WisdomTree (NYSE: WT). This approval aligns with WisdomTree’s overall goal of further integrating blockchain technology to enhance the investor experience. Announcing its SEC approval in a blog post, the $82 billion wealth management platform also explained that the nine digital funds offer
WisdomTree Secures SEC Approval for 9 More Blockchain-Enabled Funds Read More »
The Federal Reserve announced its latest rate hike in response to inflation on Wednesday. The Fed’s interest rate hiked to a target of 4.5%. Surprisingly, the Federal Reserve’s forecasts for the duration and value of interest rates could be higher. Than expected. Almost all board members estimate an interest rate of just over 5% in
What does the Fed’s latest interest rate hike mean for bitcoin? Read More »
QuickSwap, a Layer 2 decentralized digital trading platform and automated market maker, has launched The Gaming Hub, the largest Web3.0 gaming destination on the Polygon Network. A platform that enables game discovery and supports the funding and growth of non-fungible token (NFT) assets for its users. The blockchain ecosystem is packed with many innovations, one
QuickSwap and Versa Games Launch Gaming Hub on Polygon Read More »
A senior FTX executive reported that user funds were diverted to Sam Bankman-Fried’s trading arm, Alameda Research, just days before the companies went bankrupt. Nine for illegal transfers to Alameda, court documents filed on Wednesday showed, the same day Binance withdrew from its proposed bailout. The transfers were made to cover Alameda’s “financial losses,” Salame
Only 3 FTX Execs Could’ve Sent User Funds to Alameda: Co-CEO Read More »
Solana’s leading NFT marketplace, Magic Eden, announced that it had hired its first game director, Chris Akhavan. As Game Director, Akhavan will drive the growth of Magic Eden’s gaming partnerships and help improve the experiences for game developers and collectors on the platform. Before assuming this role, Akhavan was the commercial director of Forte. He
Magic Eden Hires Chief Gaming Officer Read More »
Forming a committee of unsecured creditors is an important next step in the bankruptcy proceedings of failed crypto giant FTX, its closely affiliated hedge fund Alameda Research and more than 100 other related companies. The bankruptcy judge presiding over the case will continue to hear arguments about client disclosure in court and whether attorneys hired
Committee to represent creditors formed in FTX bankruptcy case Read More »
