Bitcoin (BTC), the leading cryptocurrency by market value, fell 2% to $16,950, extending a retreat from the one-month high of $18,300 reached Wednesday. Ether (ETH), the second-largest cryptocurrency, fell 4.3% to $1,210, hitting the lowest since Nov. 29, CoinDesk data show. Original
Plaintiff Joewy Gonzalez has filed the lawsuit on behalf of himself and others who lost money with FTX. The lawsuit accuses Silvergate Bank of transferring FTX user deposits into the bank accounts of Alameda Research. The contagion of FTX collapse has spread all across the crypto market with several other firms getting impacted in the process. Alan Lane, the CEO of Silvergate Bank, is now facing a class-action lawsuit at the California Southern District Court amid the bankโs business dealing with embattled crypto firms FTX and Alameda Research. Silvergate Bank…
Top US-based crypto exchange platform Coinbase is adding a little-known altcoin to its listing roadmap in anticipation of a future listing. Coinbase announced via Twitter on Wednesday that Axelar (AXL) is now officially being considered by the exchange for trading services. Axelar aims to deliver secure cross-chain communication for Web3 so that decentralized application (DApp) users can interact with different assets or applications on any blockchain. According to Axelarโs website, the project isย backedย by Coinbase Ventures, Coinbaseโs venture capital arm. It also has support from industry heavyweights like Binance, Galaxy Digital…
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San Luis, a province of Argentina, has approved a bill allowing it to issue a blockchain-based, dollar-pegged stablecoin. The bill, which also approves the issuance of local artistic assets as NFTs (non-fungible tokens) seeks to enable the promotion of social development, and economic, cultural, and financial inclusion using blockchain. San Luis Approves Blockchain Development Bill San Luis, an Argentine province, has taken its first steps to include blockchain-based tech as part of its digitization push. The legislators of the province recently approved a bill designated with the number VIII-1085-2022, called…
“Due to volatility in the crypto market generally, together with the substantial number of illiquid investments held by the company, it is presently uncertain what level of recoveries will be made during the course of the liquidation,” Teneo wrote, according to the report. Source
Jaran Mellerud of Hashrate Index recently released a โcomprehensive analysisโ on the thesis that a Bitcoin miner capitulation could put massive selling pressure on the market, causing a crash.ย The topic has been a recurring part of the discussion in recent weeks as to whether the BTC bear market could be prolonged by the tight mining industry. Charles Edwards of Capriole Investments stated two weeks ago that miner capitulation has begun, as indicated by hash ribbons. Investment giant VanEck also recently published an analysis that the bear market could extend…
Place/Date: โ December 16th, 2022 at 12:16 pm UTC ยท 2 min read Source: Web3Souls Our partners at Web3Souls are building the Web3 community of enthusiasts and recently hosted a hackathon in the metaverse dedicated to developing DeSoc and SBT projects. We tell about the winners and what they managed to develop during the hackathon week in detail below: ๐ฅ 1st place โ the Cryptans team with the RunTheWeb project. Itโs a protocol that offers delivery services for DAOs and individuals. Anyone can create a task. It can be swap…
When Blocknative completed the other part of the Series A investment in 2021, the CEO revealed plans to expand the team. Web2 infrastructure company Blocknative has secured $15 million in a Series A-1 round for the block-building market in the Ethereum ecosystem. Launched in 2018, the company focuses on transaction processing on the Ethereum blockchain. And it plans to use the latest funding to grow its product teams and pursue block-building opportunities. Back in June 2021, Blocknative had a part of its Series A investments, featuring Foundry Group, Robot Ventures,…
A decentralized social network project called Mithril (MITH) was recently delisted from Binance and in return, the crypto project asked for the 200,000 Binance Coin (BNB) it had to deposit as insurance for listing on the exchange. Binance CEO Changpeng Zhao aka CZ responded to MITHโs demand on Twitter with a screenshot of their contract that suggests if the listed token price falls below a certain threshold, the exchange has the right to deduct the insurance fund partially or fully as an additional fee. CZ said that the said projectโs…