On Nov. 2, 2022, Ian Allison’s revealed the weak balance sheets of the FTX-affiliated trading firm Alameda Research, which started both companies’ undoing. It turned out Alameda, despite SBF’s repeated claims it was absolutely separate of FTX, relied heavily on tokens created by FTX and, more importantly, on its unassuming users’ money. Source
Crypto exchange Bybit announced that it will cease offering its products and services in Canada just weeks after industry giant Binance decided to leave the country. In a new statement, Bybit says it will stop serving the Canadian market citing challenges in complying with new regulatory measures. “It has always been Bybit’s primary objective to operate our business in compliance with all relevant rules and regulations in Canada. In light of recent regulatory development, Bybit has made the difficult but necessary decision to pause the availability of our products and…
A group of Dogecoin investors has requested leave to amend a class-action lawsuit against soon-to-be former chief executive officer of Twitter Elon Musk, alleging he manipulated the price of the meme token. In a May 31 filing in United States District Court for the Southern District of New York, the investors claimed Musk used his social media following on Twitter as well as media appearances to profit off trades of Dogecoin (DOGE) through an “undisguised course of cryptocurrency market manipulation.” According to the complaint, Musk profited off DOGE trading at…
Circle recently announced plans for a June 8 launch of a new native version of its USD Coin (USDC) stablecoin on the Arbitrum network. 1/ Circle is launching USDC natively on @Arbitrum on June 8th! Keep scrolling or read the blog to learn more about this launch and how to migrate liquidity from “bridged USDC” to native USDC. https://t.co/tbxSmUvXso — Circle (@circle) June 1, 2023 According to a blog post, Circle will replace the existing version of USDC, an Ethereum-based token that’s been bridged to Arbitrum, with a native token…
CryptoX – Cryptocurrency Analysis and News Portal The sportswear giant and game publisher are partnering to build new immersive experiences in the EA Sports gaming ecosystem. Source The post Nike Is Bringing Its .SWOOSH NFTs to EA Sports Games appeared first on CryptoX. CryptoX Portal
“While Paxos has raised the possibility of a marketing fee scheme, to date there has not been concrete progress towards implementing this,” per the proposal. “If marketing payments are eventually implemented, Maker would be able to increase USDP debt ceilings in response.” Source
On Wednesday, the decentralized exchange (DEX) Beethoven X sent $300,000 in treasury stablecoins from Fantom to Ethereum; protocol builder Byte Masons did the same with ether (ETH) and USD coin (USDC) it used in trading pools. Earlier this week, DeFi yield farm Beefy sent $200,000 in tokens owned by Binance from Fantom to BSC at the request of the world’s largest exchange. Source
“We believe this collaboration will be a meaningful driver of new users into the Web3 space,” said Dinger. “By combining GameStop Playr with Web3 games utilizing Telos’ high-performance blockchain infrastructure, we can break down many of the barriers currently deterring Web2 players from embracing Web3.” Source
Forecasting the future of a cryptocurrency can take a lot of work. Many experienced investors have a hard time deciding what to diversify with. However, Google Bard has changed how many investors look at predictions. It showcases potential value increases of altcoins and states why it thinks this might occur by analyzing many different data. Today, we asked Google Bard about the future of AiDoge, Collateral Network, and Tradecurve, and we got interesting answers. >>BUY TCRV TOKENS NOW<< Analyzing AiDoge and its future When we asked Google Bard about AiDoge,…
While the U.S. has long been known as a center of innovation and new technology, the nation’s regulatory bodies don’t seem to know quite what to make of the crypto industry. The U.S. is lagging behind countries in Europe and Asia in establishing crypto regulations, and it’s not because the industry is broadly resistant. Indeed, crypto insiders would welcome — are asking for — clear and consistent guidelines. Still, one of the benefits of being late to the party is being able to learn from what’s working in the regions…