News
FTX collapse won’t impact everyday use of crypto in Brazil: Transfero CEO
The fall of FTX undoubtedly hurt investor sentiment toward crypto, but it won't change its popularity as a means for cross-border transactions. The crumbling of the FTX crypto empire may have damaged Brazilian retail and institutional sentiment toward crypto. However,...
South Korea seizes $104M from Terra co-founder suspecting unfair profits
The decision to freeze Shin’s asset worth over $104 million was approved by the Seoul Southern District Court, which was based on a request from the prosecutors. While crypto exchange FTX stole the limelight from other fallen ecosystems, South Korean authorities...
Twitter closes offices, staff resign while users eye decentralized options
Twitter employees are not the only ones ditching the platform as users flock to a decentralized alternative. Elon Musk has been shaking the Twitter tree since he took over the micro-blogging platform in late October. His latest move has resulted in an exodus of...
Aussie stock exchange abandons blockchain plans, leaving $170M hole
The blockchain-backed upgrade in the works for nearly five years has potentially cost Australia’s primary exchange over $170 million. The long-anticipated plans by the Australian Securities Exchange (ASX) to use blockchain to bring its clearing and settlements system...
FTX hacker is now the 35th largest holder of ETH
The exploiter's Ethereum haul is worth an estimated $288 million at current market prices. The hacker that exploited the now-bankrupt FTX exchange last week made a tidy fortune that has propelled them to Ether (ETH) whale status.Just a day after the embattled FTX...
Apple job listings and patents hint at foray into ‘3D mixed-reality world’
A “mixed-reality world” by Apple could be fast approaching as recent job openings show the tech giant is hiring a number of engineers with AR and VR experience. Technology giant Apple appears to be working towards the development of a metaverse-sounding “3D...
Exchange outflows hit historic highs as Bitcoin investors self-custody
Confidence in centralized exchanges appears to be waning as Bitcoin flows into self-custody wallets at near-record levels. Bitcoin (BTC) investors have been increasingly moving their holdings to self-custody solutions following the collapse of the world’s...
Crypto.com accidentally sends 320k ETH to Gate.io, recovers funds days after
Crypto.com CEO confirmed the return of the funds and reassured the investors that new processes and features were implemented to prevent a reoccurrence. The fall of FTX highlighted the importance of proof of reserves in averting risks and improving investor...
FTX funds on the move: bankruptcy proceedings, insider threat or a hack?
The wallet address in question received funds from various international and U.S.-based wallets linked to FTX, which amassed over 83,878.63 ETH (worth over $105.3 million) in just two hours. The recent tensions between the two major crypto exchanges FTX and Binance,...
Tether CTO confirms no plans to rescue FTX
FTX won’t be getting a bailout from Tether who confirmed it isn’t planning to provide a cash injection despite the CEO reportedly reaching out to multiple firms for help. Cryptocurrency exchange FTX has lost at least one potential rescuer as it battles to fill a...