Month: January 2023

FTX reboot could falter due to long-broken user trust, say observers

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Several crypto industry commentators have laid skepticism on FTX CEO John Ray’s vision to potentially reboot the crypto exchange, citing trust issues and “second-class” treatment of customers as some reasons why users may not “feel safe to go back.” Former FTX CEO Sam Bankman-Fried tweeted on Jan. 20 praising John Ray for looking at a reboot of FTX, suggesting it is the best move for its customers. I’m glad Mr. Ray is finally paying lip service to turning the exchange back on after months of squashing such efforts! I’m still…

Genesis Owes Over $3.5B to Top 50 Creditors

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Trump NFTs surge 800%, Yuga Labs blacklists NFT exchanges, and more

Trump NFTs daily sales surge by 800% Former United States President Donald Trump’s nonfungible token (NFT) trading card collection has witnessed a massive resurgence in daily sales volume in recent days. Compared to Jan. 17 sales volumes, Jan 18. and Jan. 19 saw spikes of 800% and 600% respectively, according to market metrics aggregator Cryptoslam. Some pundits believe the renewed interest could be due to his imminent return to social media networks, following reports that the former president was seeking to rejoin Facebook and Twitter ahead of the 2024 presidential…

HNT Balloons As Token Gets 36% More Helium In Run-Up To Network Migration

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Helium’s native token HNT has been bloating in price since the start of the year. According to CoinGecko, the token is up more than 36% in the past week. This means that the token is ready for more gains in the coming days or weeks as Helium merges with the Solana blockchain. According to Helium’s tweet back on December 16th, the two blockchains will merge in the 1st quarter of this year. Will HNT continue its bullishness post-merge? The Merge & External Developments On Helium The Helium-Solana consolidation event is…

Nexo Agrees to Pay $45 Million to SEC and State Regulators for Unregistered Offering of Earn Interest Product – Bitcoin News

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The cryptocurrency lender, Nexo, has agreed to pay $45 million to the U.S. Securities and Exchange Commission (SEC) and several state regulators after charges were levied against the firm for failing to register the company’s Earn Interest Product (EIP). Nexo detailed that the settlements are on a “no admit, no deny” basis and that the arrangement “closes all multi-year-long inquiries into Nexo.” Nexo Pays $22.5 Million to SEC, $22.5 Million to Several State Regulators for EIP Offering On Jan. 19, 2023, Nexo announced that it has agreed to settle with…

Step Into The Metaverse Where Crypto Is Crowned King… Three Projects To Keep An Eye On: Axie Infinity, Decentraland, And Big Eyes Coin

Place/Date: – January 20th, 2023 at 5:19 am UTC · 4 min read Source: Big Eyes Coin Welcome to the Metaverse, a virtual world where anything is possible and cryptocurrencies shall reign supreme. The Metaverse used to feel like a distant futuristic term, but since Mark Zuckerberg made a bold move to rebrand Facebook as Meta Platforms last year, everyone is raving about what this could mean for us. This digital space is becoming increasingly important as it offers its users a space to transact in digital assets, explore innovative…