Day: December 21, 2022

Paxful Removes Ethereum Due To ‘Integrity’ Issue

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Ray Youssef, CEO and co-founder of Paxful, has put his plan to remove Ethereum (ETH) from the exchange, which he revealed a week ago, into action today. The exchange is one of the largest peer-to-peer crypto trading platforms in the world, and Youssef says he has a big responsibility to his 11.6 million customers. Youssef wrote on Twitter today: We finally kicked Ethereum off our marketplace. 11.6m humans safer. Integrity over revenue. Who is next? The Paxful CEO further explained, “We need maximum momentum behind one clearing layer to win…

VeChain (VET) and Dogecoin (DOGE) Weather Bearish Storm while Orbeon Protocol (ORBN) Raises Millions in Just a Few Weeks

Place/Date: – December 21st, 2022 at 1:32 pm UTC · 3 min read Source: Orbeon Protocol Photo: Orbeon Protocol The newly-launched project, Orbeon Protocol (ORBN), has raised millions during the first two phases of its presale round. Orbeon Protocol (ORBN) has also witnessed a growth of more than 655%, with the third phase looking more convincing. On the contrary, VeChain (VET) and Dogecoin (DOGE) have taken a severe hit in the last few weeks. VeChain (VET) Loses Its Track VeChain (VET) is a blockchain-based network that employs smart contracts to…

BTC Briefly Above $17,000 Ahead of US Consumer Confidence Report – Market Updates Bitcoin News

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Bitcoin was briefly trading above $17,000 on Wednesday, as markets prepared for the release of the upcoming U.S. consumer confidence report. Today’s figure is expected to come in at a reading of 101.00 for December, which is higher than last month’s number of 100.2. Ethereum was also in the green, as it neared a key resistance level. Bitcoin Bitcoin (BTC) rose briefly above the $17,000 level on Wednesday, as markets began to anticipate the release of the upcoming U.S. consumer confidence report. Following a low of $16,763.66 on Tuesday, BTC/USD…

Top Five Cryptocurrencies to Buy for Christmas

Place/Date: – December 21st, 2022 at 1:25 pm UTC · 3 min read Source: Big Eyes Coin Despite the crypto market’s ups and downs, the holiday season is almost here. Before you rush off to choose the most promising coins to add to your holiday investment list, it’s important to understand which tokens are the most likely to experience meteoric growth soon. Here are the top five cryptocurrencies that we think have the brightest futures: Binance Coin (BNB) Binance, the largest peer-to-peer cryptocurrency exchange by trading volume, has its native…

Bitcoin Miner Core Scientific to File for Bankruptcy but to Continue Mining

By the end of trading on Tuesday, the company’s market capitalization had dropped to $78 million from a $4.3 billion valuation in July 2021 when the company went public. Major crypto mining company Core Scientific (NASDAQ: CORZ) is expected to file for Chapter 11 bankruptcy protection in Texas early on Wednesday morning. This is according to a source familiar with the company’s financials. The firm, which is one of the largest publicly traded crypto mining companies in the United States, is yet another victim of this year’s tanking crypto prices…

Joel Krueger, Crypto Platform Freeway, Aon and Prudential: A Clarification

On Oct. 27, 2022, CoinDesk published an article titled “Embattled Crypto Platform Freeway’s ‘Billion-Dollar Man’ Isn’t the Insurance Titan He Claims to Be.” Following information received after publication in relation to Krueger’s roles at Aon and Prudential, CoinDesk would like to clarify that he was entitled to represent himself as global chief investment officer for insurance at Aon while a consultant there, and as regional investment officer while he was employed at Prudential Services Singapore Pte Ltd. We are happy to correct the record, confirm that he had not misrepresented…

Pantera CEO on the FTX collapse: Blockchain didn’t fail

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With the FTX exchange being highlighted all over the world of finance, trust in the crypto space seems to dwindle. However, Pantera Capital CEO Dan Morehead believes that there are two areas in crypto that truly work.  According to the executive, narratives that question blockchain and call it a failure because of the FTX collapse are wrong. The Pantera CEO argued that there are several things in crypto that work, such as regulated exchanges and decentralized exchanges. “If you can’t trust FTX who can you trust?!” The two-pronged answer is:…

Tata-owned BigBasket Eyes IPO by 2025 Following $200M Fundraising

Tata’s BigBasket platform does not rule out an IPO in three years but currently looks to expand local reach.  According to reports, Tata Group’s BigBasket might opt for an IPO listing by 2025 following its $200 million fundraiser. The funding exercise valued the Indian e-commerce firm at a lofty $3.2 billion and has inspired it to expand its pan-India reach. The Tata Group BigBasket may choose to launch an initial public offering (IPO) not later than 36 months from now. However, according to chief financial officer Vipul Parekh, the company remains…