Tag: News

New CEO Says FTX Is the Worst Case of Corporate Failure With Untrustworthy Financial Data and Unacceptable Practices – Featured Bitcoin News

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The new CEO of FTX, appointed after the crypto exchange filed for bankruptcy, has blasted the company under former CEO Sam Bankman-Fried. “Never in my career have I seen such a complete failure of corporate controls and such a complete absence of trustworthy financial information as occurred here,” he said in a court filing. ‘Complete Failure of Corporate Controls’ John Ray III, the new CEO of FTX and a veteran insolvency professional who oversaw the liquidation of Enron, revealed in a court filing on Thursday that FTX is the worst…

Voxel Crazy Head and Metaspace․game Represent a Combination of Reality, Game Development, and High Technology – Press release Bitcoin News

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press release PRESS RELEASE. Voxel Crazy Head and Metaspace.game invite users to create their own avatars and take part in a thrilling metaverse adventure. What Is Voxel Crazy Head? Voxel Crazy Head is a blockchain-based collection of 10,000 unique NFT heads that also function as keys to the metaverse. The voxel head becomes a digital avatar, gaining access to the Metaspace.game meta platform. Each head’s unique DNA code impacts the character’s fate. The collection contains 12 attributes with 324 possible values; and the number of combinations is 40778090496000. Gain Access…

El Salvador to Buy Bitcoin Every Day Starting Tomorrow, President Says – Featured Bitcoin News

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El Salvador will start buying bitcoin every day, according to Salvadoran President Nayib Bukele. Since adopting the cryptocurrency as legal tender, El Salvador has bought about 2,381 bitcoins for its treasury. El Salvador to Buy Bitcoin Every Day The president of El Salvador, Nayib Bukele, announced on Twitter Thursday that his country will buy one bitcoin every day starting tomorrow. Following Bukele’s announcement, Tron founder Justin Sun said he will do the same, tweeting: “We echo @nayibbukele’s initiative in buying bitcoin daily. We will also buy one bitcoin every day…

Apple Could Be Developing Its Own Metaverse Platform – Metaverse Bitcoin News

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Tech and communications giant Apple might be developing its own metaverse, recently posting several job offerings in the fields of virtual reality (VR) and augmented reality (AR). One of the job listings calls explicitly for engineers experienced in the development of a “3D mixed-reality world,” for the Technology Development Group, the virtual reality division of the company. Apple Might Be Working on Its Own ‘Horizon Worlds’-Type Metaverse Iteration Apple posted a set of job listings on Nov. 13 that could give some perspective on the direction the company is heading…

Regulator Halts Trading of FTX Tokens in Indonesia – Exchanges Bitcoin News

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The agency overseeing Indonesia’s crypto market has stopped the trading of FTX tokens on domestic platforms. The announcement comes after FTX, the exchange that issued the FTT token, filed for bankruptcy in the United States and was subjected to investigations by regulatory bodies around the world. Indonesian Authority Orders Crypto Exchanges to Discontinue FTX Token Trading Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) has instructed digital asset exchanges in the country to stop trading the FTX token, also known by its ticker FTT. According to a statement cited by Reuters,…

MOVE Estrella Galicia’s Digital Innovation Programme Makes the Leap to Web3 – Press release Bitcoin News

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press release PRESS RELEASE. After 4 editions based on digital innovations related to Estrella Galicia’s value chain, The Hop takes another step toward the exploration and development of Web3 initiatives. 17 November 2022, A Coruña, Spain — The fourth edition of The Hop comes to a close this year, ending a cycle of 4 editions in which more than 35 pilot projects were undertaken in Spain and Brazil. The fourth edition included different leading startups and companies such as MIT, IE, Amazon, and more. In its fifth edition TheHop will…

Candy Club Integrates with OKC (OKX Chain) Ecosystem – Blockchain News, Opinion, TV and Jobs

Social crypto gaming platform Candy Club has successfully integrated into the OKC ecosystem and added a use case for the OKC token and community. OKC is an EVM-compatible L1 built on Cosmos with a focus on true interoperability (IBC) and maximized performance. At high scalability, developers can build and scale with low gas fees. The OKC ecosystem and infrastructure, including the all-in-one multi-chain Web3 interface, enables a seamless experience for both developers and users. Since Candy Club’s launch at Token2049 Singapore, the gaming club has been working with Ethereum layer…

Binance CEO CZ Calls SBF a ‘Psychopath,’ 3AC Co-Founder Accuses FTX, Alameda of Stop Hunting His Hedge Fund – Bitcoin News

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During a conversation with Binance CEO Changpeng Zhao (CZ) and the Milken Institute, the exchange executive called the former FTX CEO Sam Bankman-Fried (SBF) a “psychopath” for one of the tweets SBF wrote last week. CZ’s statements further follow the accusations stemming from Three Arrows Capital (3AC) co-founder Kyle Davies. The 3AC co-founder claimed that both FTX and Alameda Research “colluded to trade against clients.” Binance CEO Tells Sam Bankman-Fried to Suit Up and Face the Music in Washington DC Crypto industry executives are not too pleased with the former…

XMR, LEO Move Towards 1-Week Highs on Thursday – Market Updates Bitcoin News

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Unus sed leo was a notable gainer on Thursday, as the token surged towards a one-week high. The move comes as crypto markets seem to have settled, a week on from the turbulence caused by the FTX collapse. Monero also rallied, climbing above the $130 level. Monero (XMR) Monero (XMR) was closing in on a one-week high on Thursday, as market volatility eased a week on from the FTX collapse. XMR/USD raced to an intraday high of $132.97 in today’s session, which comes a day after trading at a low…

Sam Bankman-Fried, FTX, Alameda Were Accused of Conspiracy, Racketeering, and Market Manipulation 3 Years Before FTX Collapsed – Bitcoin News

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Amid the latest bankruptcy case filed by FTX Trading Ltd., U.S. regulators want to crack down on crypto exchanges, and a class action lawsuit has been issued against former FTX CEO Sam Bankman-Fried (SBF) and 12 celebrities. However, this is not FTX’s and Alameda Research’s first rodeo with the U.S. court system and financial investigations. After FTX launched in 2019 and following the release of the exchange token FTT, FTX and Alameda faced a lawsuit filed on November 2, 2019, that accused the companies and executives of engaging in racketeering…