Day: December 2, 2022

MoonPay to Offer ‘Soulbound’ NFT Loyalty Program

By leveraging this program, the firm will additionally try to develop white glove aid for people who need assistance in purchasing NFTs. Since Non-Fungible Tokens are on a roll in the blockchain space these days, many companies can be seen jumping on the NFT bandwagon and offering virtual collectibles as products. Crypto payments infrastructure company MoonPay is offering “soulbound” NFT loyalty program for its customers. Soulbound assets are non-transferable tokens depicting an individual’s identity using blockchain technology. Also called a Web3 Passport, the token will offer its owner admission to…

Thai VC fund acquires troubled exchange Zipmex for $100M: Report

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After weeks of negotiations on a potential buyout of Zipmex, venture capital fund V Ventures has reportedly reached a deal to acquire the embattled cryptocurrency exchange. V Ventures, a subsidiary of Thoresen Thai Agencies (TTA) public company, is looking to purchase a 90% stake in Zipmex crypto exchange, Bloomberg reported on Dec. 2. The VC fund is about to acquire Zipmex for about $100 million in digital assets and cash, anonymous sources familiar with the matter claimed. Citing a court hearing on Friday in Singapore, the report says that Zipmex…

Elon Musk Suspends Ye from Twitter for Violating Rules on ‘Incitement to Violence’ with Swastika Post

Ye tweeted the swastika image inside a Star of David, which was later blocked by Twitter and got disapproval from Musk. Ye, formerly known as Kanye West, has violated another rule on Twitter, making Elon Musk suspend his account of millions of followers. According to Musk, the account was suspended because Ye broke the platform’s policy by inciting violence on his Twitter page. The popular artist posted an image of a swastika, a symbol synonymous with the Nazis, inside a star of David. Notably, this happened after making antisemitic comments in an…

BNB Chain-Based Defi Protocol Ankr Suffers Major Exploit – Defi Bitcoin News

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Decentralized Web3 infrastructure provider Ankr has become the latest victim of a hacking attack targeting the defi space. The perpetrators who hit the platform were able to mint and steal a massive amount of tokens in a multimillion-dollar exploit. Defi Protocol Ankr Hit by Unlimited Mint Bug Exploit Worth Millions Ankr, a decentralized finance (defi) protocol based on Binance’s BNB Chain, has been exploited by a hacker who apparently used an unlimited minting bug. On-chain analysts broke the news on social media and the attack, which occurred on Dec. 1,…

Bitcoin Mining Revenue Falls 20% in November as Miners Struggle to Stay Profitable

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Once again, Bitcoin miners went significantly lower in terms of monthly revenue, raking in only about $472 million in November. Bitcoin (BTC) mining continues to prove unprofitable as monthly revenues keep going down from previous values. According to data studied by The Block Research, the month of November saw Bitcoin mining revenue dwindle by almost 20% from its October value to reach a two-year low of 472 million. Bitcoin Mining Revenue Suffered in November amid Various Market Difficulties Bitcoin mining revenue has been steadily on a decline, albeit for many…

Sam Bankman-Fried Claims He Did Not Devote Time to Risk Management at FTX

Embattled ex-FTX CEO Sam Bankman-Fried reflects on his ‘costly’ apathy for risk management during his time with the exchange.  Sam Bankman-Fried recently stated that he did not devote time to risk management practices while helming fallen crypto exchange FTX. In a recent interview filmed in the Bahamas, where Bankman-Fried remains holed up, the disgraced former CEO reflects on what could have been. According to Sam Bankman-Fried, if he had devoted an hour a day to risk management, FTX might still be functional today. Instead, on claims that he was an expert on…

Binance Labs Pledges $4.5 Million Investment in Ambit Finance

Both Ambit Finance and Binance Labs will work together on launching future DeFi apps with a focus on innovation, security, and risk control. Earlier today, December 2, crypto exchange Binance announced a strategic investment of up to $4.5 million in Ambit Finance. The investment will come through Binance Labs, a venture capital arm of Binance. The goal behind this investment is to provide a boost to decentralized finance (DeFi) applications on BNB Chain. As a result, Ambit and Binance Labs will work together in launching future DeFi apps while putting…

FTX Japan Plans to Restart Local Customer Withdrawals

“Development work for this plan has already started and our engineering teams are working to allow FTX Japan users to withdraw their funds. As part of the plan, we are incorporating controls, security audit, reconciliations, and reviews to put in place a robust and secure process,” the notice said. Source

Data Lake Secures First Blockchain-Based Consents for Medical Data – Press release Bitcoin News

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press release PRESS RELEASE. December 2th, Warsaw – Poland: Data Lake has collected the first consents on the blockchain for patients’ medical data to be used by researchers. The company is an EU-funded startup that is seeking to solve two of the biggest problems in medical science: access to medical data, and bias in datasets. In much of the world, researchers do not have easy access to high-quality medical data. Patient privacy and donor consent are two other core issues, and so far there has been no solution that guarantees…

Sam Bankman-Fried Was in Close Talks with CFTC for 14 Months before FTX Collapse

The CFTC chair accepted that he had conducted nearly 12 meetings with SBF in the last 14 months before bankruptcy. SBF was looking to secure a clearinghouse license for FTX subsidiary LedgerX. It’s not a new story that FTX‘s disgraced founder Sam Bankman-Fried was in close contact with US lawmakers. However, the latest report suggests that Bankman-Fried also met with some high-level officials at the US Commodities and Futures Trading Commission (CFTC) more than 10 times over the last 14 months. Bankman-Fried vs CFTC One of his meetings was also…