FTX subsidiary LedgerX is preparing to put up $175 million toward its parent company’s bankruptcy proceedings, Bloomberg reported Wednesday, citing people familiar with the matter. Source
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin and crypto fall lower on bearish crypto news and volatility because of midterms and upcoming CPI data. But crypto and … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version
Singapore government-owned investment firm Temasek has suffered a lot more than just financial losses due to investing in FTX, according to Deputy Prime Minister Lawrence Wong. Wong, who is also the finance minister, believes that Temasek’s $275 million investment in FTX has caused significant damage to the company’s reputation. The official addressed the growing criticism over Temasek’s FTX exposure at a parliament meeting on Nov. 27, according to a report by the South China Morning Post. The prime minister emphasized that the collapse of FTX was a result of a…
The app works by leveraging crypto’s multisignature, or “multisig” functionality. Multisig is when a user needs more than one signature to spend crypto funds. A user holding bitcoin (BTC) in a Casa wallet for example, could use a “2-of-3” multisig, meaning, three private keys exist, but only two are required to spend funds. If the user loses one key, they can still access their funds with the remaining two (one of which is entrusted to and securely stored by Casa). Source
It is mandatory for crypto firms to be approved for registration via a local legal entity with the Organismo Agenti e Mediatori (OAM), which maintains lists of financial agents operating in the country. Registration with OAM means the two platforms will be subject to the country’s anti-money laundering requirements. Source
Uniswap users will be able to trade digital collectibles across OpenSea, X2Y2, LooksRare, Sudoswap, Larva Labs, Foundation and NFT20 marketplaces using the platform’s NFT aggregator tool. In addition, the platform says its new open-sourced Universal Router contract can save users up to 15% on gas fees compared to other NFT aggregators. Source
Place/Date: – November 30th, 2022 at 1:57 pm UTC · 3 min read Source: Lord of Dragons Photo: Lord of Dragons Up until recently, many game studios have published games adopting P2W (Pay to Win) element, which users are required to spend significant amount of money to clear storylines, reinforcing items and growing their characters. However, many studios have started to explore the idea of P2E (Play to Earn) to offset the players’ exhaust on P2W model. P2E games simply indicate games that users can expect financial gains through playing…
The Ethereum price is up 4.3% in the last 24 hours, following the general market sentiment of the crypto market. In anticipation of today’s speech by US Federal Reserve chairman Jerome Powell at the Brookings Institution, crypto bulls seem to be anticipating possible dovish comments. At press time, Ether (ETH) was trading at $1,265, with trading volume continuing to fall to just $7.8 billion, down about 2.8% from the previous day. With the current move, Ethereum has managed to break through the key resistance at $1,230. As NewsBTC reported, resistance…
Bitcoin and other cryptocurrencies are feeling the effects of the negative trends occurring in the market. The crypto winter predicted to wind up in early November by some experts is still in full swing. Crypto critics like Warren Buffet still views crypto as a risky asset. The FTX saga has further changed the narrative, with investors unsure of keeping their holdings with exchanges. In addition, the Securities and Exchange Commission (SEC) now has support in the lawsuit against XRP. In the wake of these chaotic events in the past weeks,…
Bitcoin moved to $17,000 on Wednesday, as markets continued to digest the U.S. consumer confidence report. Confidence amongst consumers fell to its lowest level since July, despite inflation easing in the world’s largest economy. Ethereum remained higher, edging closer to $1,300. Bitcoin Bitcoin (BTC) briefly rose above $17,000 in today’s session, as traders reacted to the latest U.S. consumer confidence report. Despite falling to a six-month low, the decline in confidence was less than expected, which was a relatively positive sign for markets. Following a low of $16,366.66, BTC/USD rose…