News

  • Cointelegraph.com News - 28 November 2022, 12:49 pm

    The temporarily frozen lending markets include twelve Ethereum-based tokens and five stablecoins. The lending markets were frozen right after its governance members passed a vote that aims to temporarily freeze assets considered to be volatile and have low liquidity. The assets included in the list are Yearn Finance (YFI), Curve Finance (CRV), 0x (ZRX), Decentraland…Read More

  • Bitcoin News - 28 November 2022, 12:30 pm

    Cristosal, a Salvadoran nonprofit human rights organization, has filed three lawsuits related to President Nayib Bukele's management of public funds to purchase bitcoin. The processes are being run before several national and international bodies, and call for the government to offer information on these purchases. President Nayib Bukele Sued by Salvadoran Nonprofit Cristosal On Nov.…Read More

  • Bitcoin News - 28 November 2022, 12:00 pm

    PRESS RELEASE. Minimax.Finance integrated the recently launched VERSE DEX to provide the Minimax community with more options for cost-effective swaps on Ethereum network. VERSE pools are also available at the platform. The Minimax team has integrated VERSE DEX into Minimax’s swap section; now Minimax users can enjoy all the DEX benefits, including security and the…Read More

  • Bitcoin News - 28 November 2022, 11:00 am

    Argentina is preparing to revamp its anti-money laundering and terrorism financing law. It has proposed to include the creation of a registry for virtual asset services providers (VASPs) in the country as part of the new modifications. The changes would prepare the country for the review that the Financial Action Task Force (FATF) is slated…Read More

  • Cointelegraph.com News - 28 November 2022, 9:50 am

    The Japanese messaging giant will still continue to support its Line blockchain ecosystem and the Link token despite the ongoing industry challenges. The Japanese messaging giant Line has decided to shut down its cryptocurrency exchange business amid the ongoing crypto winter.Line-owned crypto exchange Bitfront officially announced on Nov. 27 a plan to completely close down…Read More

  • Cointelegraph.com News - 28 November 2022, 9:45 am

    Web3 is the next-era internet based on decentralized architecture and some innovative concepts. Find how Web3 resolves fundamental problems in Web2. What are the challenges with Web3For mainstream adoption of Web3, prevalent challenges need to be dealt with. These include centralized infrastructure, lack of regulatory clarity and rug pulls.While Web3 is perceived to be decentralized,…Read More

  • Bitcoin News - 28 November 2022, 9:30 am

    As it reels from the effects of what it termed a global economic downturn, the Nigerian digital asset exchange platform, Quidax, recently said it had laid off employees who constituted 20% of its workforce. Despite the layoffs, Quidax reportedly told its customers it is ‘not going anywhere, anytime soon.” ‘No Relationship With FTX' The Nigerian…Read More

  • Cointelegraph.com News - 28 November 2022, 9:20 am

    The opposition party MPs has questioned the credibility over its failure to protect retail investors from FTX collapse and had demanded data on the extent of losses incurred by the investors. The collapse of the now-bankrupt cryptocurrency exchange FTX has put the Singapore prime minister and the ruling government in a hot seat. Prime Minister…Read More

  • Cointelegraph.com News - 28 November 2022, 9:05 am

    Bitcoin miners face a shakeout, one metric warns as the November monthly close looms for BTC. Bitcoin (BTC) prepares to exit a grim November just above $16,000 — what could be on the menu for BTC price this week?In a time of what analyst Willy Woo has called “unprecedented deleveraging,” Bitcoin is far from out…Read More

  • Cointelegraph.com News - 28 November 2022, 8:41 am

    Former AAX executive Ben Caselin said that his role in the firm became hollow and that the trust in the brand is broken. Weeks after the AAX exchange started halting its withdrawals, its vice president for global marketing and communications announced that he has resigned from his role at the cryptocurrency exchange. In a Twitter thread,…Read More

  • Cointelegraph.com News - 28 November 2022, 8:33 am

    In November, the crypto community investigated and found SBF guilty of manipulating and misappropriating users’ funds, ultimately leading to the fall of the empire built around FTX. The fall of FTX seemingly had the biggest impact on the crypto ecosystem as Google searches for the CEO Sam Bankman-Fried (SBF) hit the roof over in November…Read More

  • Bitcoin News - 28 November 2022, 8:00 am

    According to the CEO of Wemade, Henry Chang, the South Korean cryptocurrency exchange Upbit was the brains behind the Digital Asset Exchange Joint Consultative Body (DAXA)'s decision to delist WEMIX. The Wemade CEO accused Upbit of applying different standards and of failing to furnish his company with the token supply guidelines. Wemade Not Formally Notified…Read More

  • Cointelegraph.com News - 28 November 2022, 6:33 am

    Bahamian Securities Commission, the Prime Minister’s financial intelligence unit and a financial crimes unit are all involved in the FTX investigation. The Bahamas Attorney General (AG) and Minister of Legal Affairs Ryan Pinder has confirmed that the collapsed crypto exchange FTX is the focus of an “active and ongoing” investigation by authorities from the Caribbean…Read More

  • Bitcoin News - 28 November 2022, 6:30 am

    The troubled and now-bankrupt crypto exchange FTX is the subject of “an active and ongoing investigation,” Bahamian attorney general Ryan Pinder told the press on Sunday. Pinder also stressed that putting the blame on the Bahamas “because FTX is headquartered here would be a gross oversimplification of reality.” Bahamian Attorney General Says the ‘Bahamas Will…Read More

  • Cointelegraph.com News - 28 November 2022, 6:27 am

    The fall of FTX appears to have brought back certain crypto “villains” out from hiding, one even wants to start a new podcast series. Three Arrows Capital co-founder Su Zhu looks like he may be attempting a comeback amid the fallout over FTX and Sam Bankman-Fried — seen by some as the crypto industry’s newest…Read More

  • Cointelegraph.com News - 28 November 2022, 5:25 am

    Dogecoin investors continue to be hopeful that Musk’s vision for Twitter 2.0 will include some form of DOGE integration. Billionaire entrepreneur Elon Musk has confirmed that he intends to integrate payments into what he describes as Twitter 2.0 — “The Everything App” —  fuelling a short-lived 19.4% price surge for meme-inspired cryptocurrency Dogecoin (DOGE).The new…Read More

  • Bitcoin News - 28 November 2022, 5:00 am

    Mayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state. A law signed by fellow Democrat and New York Governor Kathy Hochul temporarily limits the minting of digital currencies using fossil fuels. New York Mayor and Bitcoin Supporter Eric Adams to…Read More

  • Cointelegraph.com News - 28 November 2022, 4:26 am

    Elon Musk has not made any public comments regarding a bizarre $600,000 monument of him as a goat, which was delivered to the Tesla headquarters on the weekend. Tesla CEO Elon Musk has seemingly given the cold shoulder to a $600,000 monument of him in goat form —  which was created as part of a…Read More

  • Cointelegraph.com News - 28 November 2022, 3:01 am

    Ethereum bull Anthony Sassano and Gnosis co-founder Martin Köppelmann were among those explaining later that the Wrapped Ethereum (wETH) FUD was part of an inside joke. An inside joke about the “insolvency” of Wrapped Ether (wETH) over the weekend has forced influencers to explain it was just a “shitpost” after members of the community took…Read More

  • Bitcoin News - 28 November 2022, 3:00 am

    Alameda Research reportedly withdrew the most funds from FTX US, the U.S. arm of FTX, days before the crypto exchange filed for bankruptcy. The majority of the withdrawn cryptocurrencies were sent to wallets owned by FTX International, “suggesting that Alameda may have been operating to bridge between the two entities,” crypto intelligence firm Arkham said. …Read More

  • Cointelegraph.com News - 28 November 2022, 2:02 am

    Ripple’s APAC policy director said the collapse of FTX is exactly why crypto needs to move away from “hype cycles” and toward “real utility.” Ripple’s APAC policy director has described the fall of FTX as “incredibly damaging” for the crypto space, but says the industry should stand the test of time if its focus shifts…Read More

  • Bitcoin News - 28 November 2022, 1:00 am

    Billionaire Bill Ackman has warned that the crypto industry needs to self-police or it risks being shut down. He added that regulators need more resources to police the bad actors in the crypto space and will likely take years to catch up. Bill Ackman on Crypto Regulation and the Need for Industry to Self-Police Billionaire…Read More

  • Bitcoin News - 27 November 2022, 11:00 pm

    A recent survey sponsored by the Nasdaq-listed crypto exchange Coinbase shows that institutional investors increased their allocations during the crypto winter. The firm emphasized that there is “a strong signal of the acceptance of crypto as an asset class” and “the price outlook over the long term remains positive.” Coinbase's Institutional Investor Survey The Nasdaq-listed…Read More

  • Cointelegraph.com News - 27 November 2022, 10:28 pm

    The EU moved in the right direction by passing a law requiring influencers to disclose the risks associated with crypto. More countries should follow their lead. However, the crypto space is notoriously fickle, and the collapse of once-established companies such as Celsius and FTX are stark examples of how people can lose billions of dollars…Read More

  • Cointelegraph.com News - 27 November 2022, 9:46 pm

    The collapse of FTX and other centralized platforms in 2022 has pushed investors toward noncustodial platforms. The collapse of the now-bankrupt cryptocurrency exchange FTX has raised many concerns over unregulated centralized platforms. Investors are now coming to question how safe it is to keep one’s funds on these exchanges and have voiced grave concerns about centralized…Read More

  • Cointelegraph.com News - 27 November 2022, 9:00 pm

    Independent developers from The Open Network community developed a Telegram bot for trading and transferring cryptocurrency. As a result of a recent upgrade to the wallet bot, users of the Telegram app are now able to purchase and sell cryptocurrencies without leaving the application. The wallet bot was developed by The Open Network (TON, formerly…Read More

  • Cointelegraph.com News - 27 November 2022, 8:08 pm

    Users who have the most ability to profit from the crass profiteering mechanisms are those who use automated systems to “play” the games. Think back to the communities you’ve been genuinely excited to be a part of throughout your life. It’s likely these were groups formed on the basis of shared interests, right? That’s because…Read More

  • Cointelegraph.com News - 27 November 2022, 6:30 pm

    Twelve months after Bitcoin’s last all-time high, seven-figure BTC balances have taken a hit. Bitcoin (BTC) millionaires are becoming an increasingly rare breed as numbers fall 80% in a year.According to the latest data from on-chain analytics firm Glassnode, there are now just 23,000 wallets with a BTC balance worth $1 million or more.1 year,…Read More

  • Cointelegraph.com News - 27 November 2022, 4:26 pm

    DOGE, LTC, LINK and APE are showing signs of buying even as Bitcoin’s next directional move remains uncertain. Bitcoin (BTC) has been trading in a tight range since Thanksgiving Nov. 24, as traders are uncertain about the next directional move. Usually, in a bear market, analysts tend to become uber-bearish and project targets that tend…Read More

  • Cointelegraph.com News - 27 November 2022, 4:22 pm

    The Russian President criticized Western sanctions and urged for a system “independent of external interference.” Russian President Vladimir Putin criticized the monopoly in global financial payment systems and called for an independent and blockchain-based settlement network on Nov 24, speaking at the International AI Journey Conference in Moscow. During the event organized by Sberbank, the largest Russian…Read More

  • Cointelegraph.com News - 27 November 2022, 2:22 pm

    Forming the backbone of the Ethereum Blockchain, EVM provides developers with a run-time environment to build DApps and other applications. Ether (ETH), which is the second largest cryptocurrency in terms of market capitalization, is popular among cryptocurrency investors because of its native ETH token. However, its native Solidity programming language and Ethereum Virtual Machine (EVM)…Read More

  • Cointelegraph.com News - 27 November 2022, 10:17 am

    Chris Ko, CEO and co-founder of Fenix Games, considers Fenix Games “like a VC fund” for powering the next generation of blockchain games. Web3 game publisher Fenix Games raised $150 million in funding to acquire, invest and distribute blockchain games. The fund will be used to create a game publishing company specifically for mainstreaming blockchain…Read More

  • Cointelegraph.com News - 27 November 2022, 6:40 am

    The total Bitcoin mining revenue — block rewards and transaction fees — in U.S. dollars fell down to $11.67 million, a number last seen on Nov. 2, 2020, when Bitcoin’s trading price was around $13,500. The revenue earned by Bitcoin (BTC) miners fell to two-year lows owing to poor market performance and a heavier computational…Read More

  • Cointelegraph.com News - 27 November 2022, 12:06 am

    From Sam Bankman-Fried to Bitboy, cryptocurrency fans have been too quick to support divas who gained notoriety on social media. It's a phenomenon that needs to end. Many of the centralized cryptocurrency platforms that collapsed this year had something in common: a young, outspoken and cocky leader. Each gained outsized influence not by virtue of…Read More

  • Cointelegraph.com News - 26 November 2022, 9:51 pm

    Adams said New York is still focused on becoming a crypto hub, but statewide efforts to reduce emissions can be combined with this goal. New York City mayor Eric Adams is still focused on making New York a crypto hub, but he believes that goal can be combined with statewide efforts to curb environmental costs…Read More