When, hours after FTX Group declared bankruptcy in November, a hacker sacked the exchange’s ruins, they also snagged a major haul of MER tokens then worth $800,000. That heist gave Mercurial’s team a pretext to revamp the entire protocol, Chow said. (The hacker’s address is being blacklisted from the airdrop, as are all associated with FTX.) Source
Place/Date: – December 25th, 2022 at 1:16 pm UTC · 3 min read Source: Snowfall Protocol Snowfall Protocol (SNW) is a multi-chain interoperability protocol that has recently gained traction in the cryptocurrency ecosystem. Snowfall Protocol (SNW), which is still in its presale phase, prides itself on being the first cross-chain ecosystem to support the transfer of fungible and non-fungible assets across EVM and non-EVM compatible chains. Snowfall Protocol (SNW) aims to remove the barriers that currently prevent cross-chain communication, such as between the Ethereum and Bitcoin networks. It is laying…
press release PRESS RELEASE. Locker Token & Ice Hockey extraordinaires Rögle BK have officially announced an In-Real-Life (IRL) NFT, event set to take place at the Catena Arena – the home of the European champions. The event is designed to showcase the innovative asset class that is NFTs, while also educating Rögle fans on how to utilize the blockchain and purchase their favourite player trading cards. The event, due to take place on December 30th, will feature educational content, a free mint for the first 500 fans, and in-person interaction…
Despite being one of the biggest cryptocurrencies, with a market capitalization around $40 billion, Binance’s BNB token has failed to win a listing on any major U.S. crypto exchanges, aside from Binance.US. Some analysts are now looking at whether that’s a yellow flag. Source analystsBinance039sBitcoinBNBCryptocryptoexchangeExchangesExchanges039FlagListRefusalTokenYellow CryptoX Portal
FTX Token (FTT) saw massive gains on Thursday as news of former CEO Sam Bankman-Fried making bail spread across the space. The rapid uptick in the price of the token showed the positivity, albeit brief, that had spread across investors in the token. However, as the dust settles on the disgraced founder, the question now becomes whether the digital asset can hold the gains from yesterday. FTT Jumps 65% On Thursday, Bankman-Fried’s parents had put their home up to raise money for the $250 million bond put on the former…
The latest price moves in bitcoin (BTC) and crypto markets in context for Dec. 22, 2022. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets. Source
The SEC stated that the operations of the FTT token and the buy-and-burn program initiated by crypto exchange FTX are synonymous with stock buyback and thus constitute the behavior of securities. In a complaint filed late Wednesday, December 21, the US Securities and Exchange Commission (SEC) said that crypto exchange FTX sold its native FTT tokens as an investment contract and is a “security”. Is FTT a Security? The massive selling of FTT tokens by Binance and others triggered a major downfall for the crypto exchange FTX. Since the FTX…
“If demand for trading on the FTX platform increased, demand for the FTT token could increase, such that any price increase in FTT would benefit holders of FTT equally and in direct proportion to their FTT holdings,” the SEC wrote in its complaint. “The large allocation of tokens to FTX incentivized the FTX management team to take steps to attract more users onto the trading platform and, therefore, increase demand for, and increase the trading price of, the FTT token.” Source
2022 is coming to an end and during the last 12 months, the crypto economy has lost roughly $1.486 trillion in value against the U.S. dollar. On Dec. 20, 2021, bitcoin was trading for $46,406 and it has lost more than 63% in value year-to-date, while the second leading crypto asset ethereum shed 69% against the greenback over the last year. 2022’s Top Ten Cryptos Shed Billions While a Few Played Musical Chairs Approximately 365 days ago on Dec. 20, 2021, the crypto economy was worth a lot more in…
The United States Securities and Exchange Commission (SEC) has filed a complaint against Thor Technologies along with its co-founder and CEO David Chin, claiming that Thor’s 2018 initial coin offering (ICO) constituted an unregistered securities sale under the Securities Act of 1933. Thor Technologies raised $2.6 million from 1,600 investors between March and May 2018 through the sale of its Thor (THOR) coin. About 200 of the 1,600 investors lived in the United States, and not all of them were accredited. The SEC claimed in the suit that the ICO…