In a surprising turn of events, FTX, a once-prominent cryptocurrency exchange, has officially announced that it will not be revived. Instead, the company has decided to liquidate its assets in order to fully compensate the thousands of customers affected by its collapse. This decision, which was revealed during the most recent bankruptcy hearing on January
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Amidst a recent rally in Bitcoin (BTC), several well-known cryptocurrency analysts have expressed bullish sentiments towards the largest crypto asset, presenting positive predictions for BTC in both the short and long term. Ali Martinez, a popular crypto analyst with a deep enthusiasm for cryptocurrency, recently took to the social media platform X (formerly Twitter) to
The Securities and Exchange Commission (SEC) is anticipated to take a comparable approach in approving spot Bitcoin (BTC) exchange-traded funds (ETFs) for spot Ethereum ETFs, with May 23 set as the proposed deadline for approval. Standard Chartered Bank’s analysis reveals that pending applications for spot Ethereum ETFs are likely to be approved on May 23,
EA Sports, the gaming giant with over 700 million players, is looking to revolutionize the gaming and technology landscape by creating an immersive metaverse experience within its beloved game segments. In a conference call, CEO Andrew Wilson shared the company’s ambition to establish a metaverse that seamlessly blends each player’s virtual sports experiences into a
In a recent spontaneous Ask Me Anything (AMA) session on X, Mark Cuban, the entrepreneur and owner of the Dallas Mavericks, shared his thoughts on various cryptocurrency ventures. With a following of 8.8 million, Cuban’s insights hold significant weight in the crypto community. Let’s delve into his comments and understand his perspectives beyond Bitcoin and
In a scathing critique, the Chief Legal Officer (CLO) of Coinbase, Paul Grewal, expressed his disappointment with the U.S. Securities and Exchange Commission’s (SEC) legal filing on January 30th. Grewal took to the company’s official blog, X, to address the insufficient nature of the SEC’s administrative record and its failure to provide justification for the
DeFi regulation has become a contentious topic among regulatory bodies worldwide. The emergence of decentralized finance protocols has raised concerns regarding the potential risks and vulnerabilities associated with these systems. However, a recent paper authored by Rebecca Rettig, Katja Gilman, and Michael Mosier proposes a unique strategy to address these concerns by classifying truly decentralized
In the midst of heightened market volatility, Launchpad XYZ, the highly anticipated Web3 portal and trading platform, is gearing up to launch its $LPX token claiming process. With a mission to enhance retail investors’ engagement in the markets with sophistication and trusted value, Launchpad XYZ is leaving no stone unturned. The team is well aware
Bitcoin’s reign as the leading NFT platform was short-lived, as data from NFT analytics platform CryptoSlam reveals a sharp decline in NFT sales on the Bitcoin network. In December, Bitcoin surpassed Ethereum with $881 million worth of NFT sales. However, in January, Bitcoin’s volume plummeted to $314 million, while Ethereum maintained a steadier pace with
Cardano (ADA) has experienced a remarkable recovery, surging to $0.54 from a 50-day low of $0.43 on January 23. This swift turnaround has ignited excitement among speculative traders, who are now placing big bets on further gains. After enduring a sell-the-news cycle that caused the global crypto market capitalization to shrink by over $270 billion
The traditional education system, which has remained largely unchanged since the 1800s, is in dire need of transformation. The Covid-19 pandemic exposed the flaws and limitations of the centralized education model, prompting the rise of decentralized education, or DeEd. By harnessing the potential of decentralized technologies, DeEd aims to create a distributed network of learners,
The cryptocurrency exchange giant, Binance, has made waves in the industry once again with its latest development: a “banking triparty” arrangement that allows institutional investors to secure their trading collateral through a third-party banking partner. This solution, which has been in development for the past two years, aims to address the primary concern of counterparty
The European Securities and Markets Authority (ESMA) has released new guidance stating that EU-based crypto firms can provide services to non-EU customers in certain situations. According to ESMA, this is subject to the condition that the client is the exclusive initiator of the service. While this allowance, known as reverse solicitation exemption, provides some flexibility,
The increasing popularity of spot Bitcoin exchange-traded funds (ETFs) has hit Hong Kong, as Harvest Fund Management’s Hong Kong branch recently applied for a spot Bitcoin ETF with local regulators. This move aligns with Hong Kong’s efforts to establish its first wave of spot crypto ETFs, which are expected to revolutionize the digital asset investment