Category : EthereumWorldNews

EthereumWorldNews

Crypto Declared Dead Yet Again As Bitcoin Hits All-Time High In Long-Term Investor Holdings

BTC Conviction is at an all-time high as long-term investors keep adding to their BTC stack unfazed by the recent news and fallouts according to data from Glassnode.Crypto has been declared dead quite a few times as Fear and Uncertainty is at highs...

Elon Musk Says Sam Bankman-Fried Probably Donated Over $1B To Support Democratic Elections

Elon Musk hints on his official Twitter account that SBF may have donated more than $1B to the Democratic elections.SBF the ex-CEO of FTX confirmed that he has made undisclosed donations to the republican party, and donated the same amount to both p...

FTX’s Sam Bankman-Fried Knew More About Alameda Research Finances Than Let On: Forbes Report

A report by Forbes reveals that Sam Bankman-Fried knew about Alameda Research’s financial dealings.SBF previously denied being “deeply aware” of Alameda’s finances.& The former FTX chief regularly shared documents related to Alameda with F...

Mike Novogratz’s Galaxy Digital might buy crypto custodian GK8 from Celsius

Summary: Galaxy Digital won a bid to buy one of Celsius’s assets as part of bankruptcy proceedings for the crypto lender.Mike Novogratz’s company will buy GK8, a custodial business that Celsius acquired over a year ago in November 202...

Ankr Protocol will reimburse users after $5 million exploit, Binance seized $3 million of the stolen funds

Summary: Ankr’s team will take a snapshot and reimburse affected users, a thread from the protocol explained following the hack.An exploiter drained around $5 million of Binance’s BNB from the DeFi platform during the early hours of...

Coinbase Calls Out Apple For Blocking NFT Transactions On iOS

Coinbase has revealed that its latest app update was blocked by Apple.Users of Coinbase Wallet iOS can no longer send NFTs.Apple reportedly wants 30% of the gas fees levied on NFT transactions.The exchange has warned that this will have a major impa...

Binance CEO Changpeng Zhao Takes A Subtle Dig At Kraken And KuCoin

Binance CEO Changpeng Zhao took a jibe at rival crypto exchanges Kraken and KuCoin.& Zhao implied in a tweet that recent announcements made by his rivals were red flags.Crypto Twitter took issue with CZ’s tweet, which was subsequently deleted.&a...

Uniswap Labs debuts NFT marketplace aggregator with $5 million USDC airdrop

Summary: The decentralized exchange announced non fungible token trading on Wednesday months after buying Genie, a major NFT aggregator.Wednesday’s update features a $5 million airdrop in Circle’s USD Coin (USDC) for Genie users.The p...

Binance returns to Japan after buying local crypto exchange Sakura

Summary: Changpeng Zhao’s company bought Sakura Exchange BitCoin, a regulated crypto exchange in Japan.Binance’s acquisition means the country runs a business in Japan for the first time since 2018.CZ’s exchange sought a crypto...

Crypto Exchange Coinbase Set To Delist $XRP From Its Platform

Coinbase will delist XRP on 5 December, 2022The crypto giant will stop supporting BCH, ETC, and XLM as well.Low usage has been cited as the reason for this move.This news had minimal impact on the prices of these tokens.& As of 5 December 20...

Solana wallet Phantom to add support for Ethereum and Polygon

Summary: Users will be able to transfer tokens on Ethereum and Polygon thanks to an upcoming upgrade from the team. The Solana-based project was built by Ethereum developers and had over 3 million active users at press time. Phantom, the most...

BlockFi sues former FTX CEO over Robinhood shares

Summary: The crypto lender filed a complaint in New Jersey regarding Sam Bankman-Fried’s Robinhood shares.SBF pledged his Robinhood shares to BlockFi as part of an agreement on November 9, the lender filed this week hours after declaring ch...

Binance Makes Multi-Billion Dollar Transfers Following FTX’s Collapse

Binance has made transfers worth several billion dollars since the downfall of FTX.Many of these transactions are associated with proof of reserves demonstrations undertaken by centralized exchanges.A recent transaction of $2 billion caught the atte...

BlockFi declares bankruptcy, files Chapter 11

Summary: Crypto lender BlockFi declared bankruptcy on Monday after exposure to FTX.The company had some 100,000 creditors and around $256 million in cash when chapter 11 was filed.FTX backed the lender with a $250 million loan following Three Arr...

FTX’s collapse throws Singapore officials under parliamentary review

Summary: Singapore’s parliament has questions for Prime Minister Lee Hsien Loong and Deputy Prime Minster Lawrence Wong after FTX blew up.Lawmakers also queried Temasek’s due diligence after the state-backed venture firm wrote off $27...

Amazon Taps The Russo Brothers For TV Series About The FTX Saga

Amazon is set to release an eight-part series based on the collapse of FTX.The streaming giant has teamed up with the Russo brothers and David Weil for the production of this series.The Russo brothers have described the FTX scandal as one of the mos...

Ethereum coders reached consensus on Shanghai update

Summary: Ethereum developers had their weekly call to discuss what features should roll out in the next hard fork.Marius Van Der Wijden said coders were already working toward staked Ether withdrawals prior to the call.Developers will proceed wit...

Ethereum developer ConsenSys said Infura stores IP addresses from MetaMask users

Summary: The blockchain firm said Infura collects IP addresses from MetaMask users and temporarily stores the data.ConsenSys shared the news via an update to the company’s privacy policy.Decentralized exchange Uniswap also tweaked its priva...

U.S Lawmakers Want DOJ To Launch An Investigation Into FTX

Senator Elizabeth Warren and Senator Sheldon Whitehouse have written to the U.S. Attorney General urging him to launch an investigation into FTX’s downfall.The lawmakers want the investigation to be conducted with utmost scrutiny.& The letter ac...

Ethereum engineers roll out staking withdrawal devnet

Summary: The devnet was built to trial withdrawal mechanisms for staked Ether post-merge.Multiple Ethereum clients like Lodestar and Teku will interact with the devnet, said ETH developer Marius Van Der Wijden.Devs plan to ship support for staked...

Sam Bankman-Fried wrote FTX employees a letter to break down why the crypto exchange crashed

Summary: Bankman-Fried apologized again to FTX employees and threw more light on why the cryptocurrency exchange failed.The letter released on Tuesday suggested that SBF regrets filing for bankruptcy earlier in November.Also, the FTX founder beli...

FTX Lawyers Acknowledge Company Mismanagement At First Bankruptcy Hearing

The new CEO of FTX has assembled an investigation team to trace and secure company assets.Attorneys appearing for the exchange have admitted to poor management of the company.The lawyers have acknowledged the exchange’s unreliable financial records...

Genesis faces bankruptcy without $500 million cash injection, Binance and Apollo shun crypto lender

Summary: Genesis sought to raise $500 million – $1 billion to ward off bankruptcy concerns.The crypto lender tried to secure capital from Binance and Apollo but both entities turned down the chance.Genesis launched efforts to raise capital...

Justin Sun is open to buying FTX assets: WSJ

Summary: Tron founder Justin Sun said his team was in the Bahamas where FTX is based to evaluate a potential deal.Sun noted that the process might be long especially since Sam Bankman-Fried’s company already filed for bankruptcy.The billion...

Ripple CEO Brad Garlinghouse To Consider Purchasing Parts Of Collapsed Crypto Exchange FTX

Ripple CEO Brad Garlinghouse shows interest in purchasing companies owned by FTX that currently serve business customersAccording to Sunday Times, FTX CEO SBF called Garlinghouse before FTX went bust in plea to bid. There are currently 130 companies...

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