Day: November 17, 2022

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Nigerian Web3 Startup Says Funds Are Stuck With FTX, Lays Off Employees – Bitcoin News

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Nestcoin, a Nigerian Web3 startup which got an investment from Alameda Research in 2021, revealed on Nov. 14 that it had “a significant proportion of stablecoin investment” stuck at FTX. According to the startup’s CEO, laying off some employees allows the company to focus on building a more decentralized crypto future. Using FTX as Custodian of Nestcoin’s Stablecoins The Nigerian Web3 startup Nestcoin informed its investors on Nov. 14 that funds earmarked for the entity’s day-to-day activities are stuck with the collapsed crypto exchange FTX. The Web3 startup said after…

Create Your Own Hyip Bitcoin Investment Website for free in 24 Hours

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Trust Wallet launches browser extension, integrates with Binance Pay

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Following the collapse of FTX and the bank run on crypto exchanges in general, self-custody Trust Wallet is gaining momentum. In one week, the company launched the long-anticipated browser extension and collaborated with Binance, whose users can now transfer their funds directly to a Trust Wallet account.  On Nov. 14, Trust Wallet launched its browser extension, now available in Google Chrome and Opera browsers. The extension lets users store, send and receive crypto across all EVM chains and Solana. A network auto-detect function provides users with a seamless dApp experience…

Over $1.5B in BTC withdrawn in one week

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Bitcoin (BTC) has flooded out of exchanges in the past week as users become wary of security and regulatory scrutiny. Data from on-chain monitoring resource Coinglass shows United States exchanges in particular seeing heavy BTC balance reductions. U.S. exchanges lead BTC exodus In the wake of the FTX scandal, efforts to draw attention to the risk involved in custodial BTC storage stepped up on social media. Users appeared to heed the warning, withdrawing over $3 billion in cryptocurrency in the week immediately following the solvency debacle and ordering record numbers…

NFT rides shotgun as Red Bull Racing closes out F1 season

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Cryptocurrency and blockchain technology firms continue to feature in the world of Formula 1, with a nonfungible token (NFT) making its mark on Red Bull Racing’s vehicles to close out the 2022 calendar. Red Bull Racing dominated the F1 season, topping the constructors’ standings, while Max Verstappen closed out the drivers’ standings for a second consecutive season. With the curtain closing on 2022’s race schedule in Abu Dhabi on Nov. 20, the team’s cars will feature an NFT on their livery in what is being called a first in F1.…

Bahamian FTX Liquidators Cite ‘Serious Fraud and Mismanagement’ in Court Filings

“The Joint Provisional Liquidators’ findings to date indicate that serious fraud and mismanagement may have been committed” with respect to the group, said the document filed in the U.S. Bankruptcy Court of the Southern District of New York. The documents were filed on behalf of Brian Simms, Kevin Cambridge, and Peter Greaves, who have been put in charge of winding up the company’s affairs in the Bahamas. Source

Crypto Mining Farm Electricity – When Will I Start Mining Bitcoins?!

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Finally making some progress on the electricity installation for the new VoskCoin Bitcoin Crypto Mining Farm Shed. I am working on expanding my mining farm with a dedicated mining shipping container that’s fully customized for cryptocurrency mining and working towards solar powering the mining rigs eventually. Subscribe – Watch the full journey building out my mining farm here (playlist) – After mining with my dying gaming laptop, and then trying out a GPU mining rig I was absolutely hooked on mining. My…