Day: December 2, 2022

Tron Adds 1.75M New Addresses In Last 7 Days As TRX Rebounds

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TRON (TRX) took a heavy hit during the first half of November following unfortunate events such as the implosion of FTX, an exchange that was once considered the third largest in the world. According to data provided by Coingecko, from its $0.064 price on November 6, TRX went on a steady decline until it plummeted to $0.046 on November 14. After that, the cryptocurrency managed to stage a rebound and continues to do a relatively good job at recovering its losses. In fact, at the time of this writing, TRON…

Hong Kong working on investor protection regulations, says central bank exec

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Central bank governors from around the globe are currently in Thailand to discuss the role of central banks amid evolving financial technology. The conference is jointly hosted by the Bank of Thailand (BOT) and the Bank for International Settlements (BIS). A panel discussion on digitalized monetary systems saw Eddie Yue, chief executive of the Hong Kong Monetary Authority, Changyong Rhee, governor of the Bank of Korea, Adrian Orr, governor of the Reserve Bank of New Zealand and Cecilia Skingsley from Bank for International Settlements discuss the rise of digital assets and…

The FNCY Mainnet Aims to Bring Blockchain in Daily Life

Place/Date: Singapore – December 2nd, 2022 at 7:00 am UTC · 2 min read Contact: FNCY, Source: FNCY Photo: FNCY FNCY, the Web3 entertainment platform presented by Metaverse World Inc and previously known as CUBE, launches its own mainnet today. FNCY’s aim is to make blockchain technology in daily life without the huddle of entry by providing rich new entertainment related to daily life  within a single platform ecosystem. The range of its content is expanding: games, webtoons, web-novels, NFT, metaverse, DeFi and more. Users can enjoy all the contents…

Magic Eden follows OpenSea with NFT royalty enforcement tool

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Magic Eden, a Solana-based nonfungible token (NFT) marketplace, has become the latest platform to release a tool allowing creators to enforce royalties on their collections. It follows the announcement of a similar tool from rival NFT marketplace OpenSea in early November. According to a Dec. 1 statement, the open-source royalty enforcement tool is built on top of Solana’s SPL token standard and is called the Open Creator Protocol (OCP). This will allow royalty enforcement for new collections that opt-in to the standard starting Dec. 2. Lu previously floated the idea…

Huobi Token (HT) Makes Bullish Move, Breaks Past The $7 Level

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Huobi Token (HT), a cryptocurrency trading exchange asset with an overall valuation of $868 million, recorded a significant uptick in its price after an announcement made by Justin Sun, the founder of the Tron blokchain. According to data from Coingecko, on November 29, the asset went up by 13% and peaked at $7.22 before entering a correction phase that made it return to the $6 territory. At the time of this writing, tracking from the online crypto information provider indicates the token is changing hands at $6.63, declining by 2.9%…

SBF Was ‘Delusional,’ Will ‘Spend Time in Jail’ Says Galaxy’s Mike Novogratz — ‘He Needs to Be Prosecuted’ – Bitcoin News

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Galaxy Digital’s CEO Mike Novogratz talked to Andrew Ross Sorkin on CNBC’s Squawk Box and gave his reaction to Sam Bankman-Fried’s (SBF) recent New York Times (NYT) Dealbook Summit interview. Novogratz said that SBF was “delusional” and insisted that the former FTX CEO needs to be prosecuted and further said, “he will spend time in jail.” Mike Novogratz: ‘Sam Was Delusional’ The billionaire and CEO of Galaxy Digital, Mike Novogratz, was very candid about what he thought about Sam Bankman-Fried’s (SBF) most recent interview held virtually at the NYT Dealbook…

Web3 Antivirus Is Now on Guard of Your Digital Assets – Press release Bitcoin News

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press release PRESS RELEASE. A game-changing Web3 security solution was launched on December 1, 2022. As the digital world is getting more advanced, scammers invent new elaborate ways to cheat web3 users and steal their assets. Smart contracts forgery, phishing websites, airdrop scams, and spamming are just a few of the dangers one faces when browsing the Web3 space. In 2022, more than $1.6 billion in crypto has gone missing because of massive exploits in DeFi, which is way more than the thefts in 2020 and 2021. Where’s the bright…

Front-running scams rampant on YouTube with 500% surge in 2022: CertiK

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Front-running scam bots are significantly gaining traction on YouTube, with the number of dubious videos increasing six-fold in 2022 according to a new report from blockchain security firm CertiK. In the firm’s Dec. 1 report, CertiK explores how a wave of front-running bot scams are promising free returns as high as 10X a day, but ultimately end up swiping people’s funds. Notably, CertiK’s analysis found 84% of videos on YouTube mentioning “front running bot” were scams, with the number increasing 500% from 28 videos in 2021 to 168 videos in 2022:…

FTX was the ‘fastest’ corporate failure in American history, calls for probe

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The United States Trustee handling FTX’s bankruptcy proceedings has referred to the now-defunct exchange as the “fastest big corporate failure in American history,” and is calling for an independent probe to look into its downfall.  In a Dec. 1 motion, U.S. Trustee Andrew Vara noted that over the course of eight days in November, debtors “suffered a virtually unprecedented decline in value” from a market high of $32 billion earlier in the year to a several liquidity crisis after a “proverbial ‘run on the bank.’” “The result is what is likely…