Day: December 22, 2022

Peer-to-Peer Trading Platform Paxful Delisting Ethereum

The exchange added support for Ethereum in April last year, stating that “Ethereum gives users a different chance to claim their stake in the crypto world.” Global peer-to-peer trading platform Paxful has announced that it will delist Ethereum from its platform. A newsletter sent to the platform’s 11.6 million users reveals that ETH trades will be halted on Thursday. A screenshot of the newsletter was shared in a tweet Paxful CEO Ray Youssef. In the letter, the CEO gives three reasons for his decision to delist Ethereum. The first is…

Caroline Ellison and Gary Wang Plead Guilty in Ongoing FTX Investigation

For their complicit role in how FTX went under, Federal prosecutors have filed a separate action against the duo for participating in the “multiyear scheme to defraud equity investors in FTX”. Caroline Ellison and Gary Wang, the two profile executives of the bankrupt FTX Derivatives Exchange and Alameda Research have pleaded guilty to Federal fraud charges in the Southern District of New York (SDNY). The plea came as a part of the Department of Justice’s (DoJ) investigation into the circumstances that lead to the collapse of FTX, the crypto trading…

Stablecoin settlements can surpass all major card networks in 2023: Data

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Stablecoins play a very critical role in the crypto economy today and despite the recent run-down in the broader market, stablecoin volumes continue to dominate most exchanges. According to Coinmetrics data, on-chain stablecoin settlements reached over $7 trillion in 2022 and are expected to end the year at around $8 trillion. While the largest card network, Visa, processes ~$12tn/yr. Peter Johnson, co-head of the venture at Brevan Howard Digital, said that stablecoin settlements had already surpassed MasterCard and American Express. Furthermore, he predicted that in 2023 on-chain stablecoin volumes will…

Ankr Reveals Former Employee behind $5M Protocol Exploit, Looks to Beef Up Network Security

Ankr announced that it has made sweeping changes to its security outlook following a protocol exploit by an ex-employee.  DeFi protocol Ankr has ascribed the recent malicious $5 million exploit it suffered to a former employee. The platform has stated that it would shore up its defenses to avert similar recurrences and that it has embarked on a recovery plan for affected users. In a blog post from two days ago, the company explained: “A former team member (who is no longer with Ankr) acted maliciously to conduct a combination of a social…

Metropoly’s Presale Is Selling Out Fast after Beta Release Exceeded All Expectations

Real estate has been considered incredibly valuable to investors for centuries. Unfortunately, the real estate market has become almost impossible to enter as house prices skyrocket, but the earnings of retail investors don’t keep pace. As such, investors have had to turn to mortgages with high levels of interest to add these properties to their portfolios, which significantly eats into their rental profits. Metropoly’s goal is to change the world of real estate investing for the better by allowing anyone in the world to quickly & easily invest in real…

Alameda’s Caroline Ellison escapes potentially 110 years in jail via plea deal

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One of the key witnesses on the ongoing FTX investigation could evade all the seven counts of allegations against her with a plea deal. Former Alameda Research CEO Caroline Ellison would be prosecuted only for criminal tax violations and can be released immediately by paying the $250,000 bail.  A plea deal between Ellison and the Office of the United States Attorney for the Southern District of New York was published on Dec. 21. According to the document, the former Alameda exec will be spared of all the major charges, which…

VeChain and PancakeSwap Have Utilized Decentralized Finance but Big Eyes Coin Makes It More Coherent

Place/Date: – December 22nd, 2022 at 9:53 am UTC · 3 min read Source: Big Eyes Coin Photo: Big Eyes Coin The Decentralized Finance (DeFi) world keeps developing and expanding daily. This expanse, however, is not void of backdrops. New virtual currencies emerge to solve one or more of the backdrops or present crypto in a new light. Big Eyes Coin (BIG) aims to make Decentralized Finance (DeFi) coherent and more budget-friendly when compared with VeChain (VET) and PancakeSwap (CAKE). Big Eyes Coin (BIG) Can Make Your Christmas Red-Hot! Big…

Binance Launches Blockchain Education Program in Kazakhstan – Blockchain Bitcoin News

Cryptocurrency exchange Binance is behind an initiative to qualify university students in Kazakhstan to work in the industry. Under an agreement with the government, the blockchain course will be added to the curricula of higher education institutions across the country. Binance Exchange to Help Teach Blockchain at Kazakhstan’s Universities The world’s largest crypto exchange, Binance, is launching an education program in Kazakhstan. The trading platform is preparing to provide blockchain training to more than 40,000 students by 2026 at universities and colleges across the Central Asian nation, according to a…