Category : EthereumWorldNews

EthereumWorldNews

Sam Bankman-Fried Supports Issuing New FTT Tokens To Make FTX Users Whole

Summary: SBF tweeted approval for a social media post suggesting restarting FTX and issuing new FTT tokens to users.Bankman-Fried hailed the proposal as a “productive path for parties to explore”.The suggestion was tweeted by Ran Neu...

FTX Founder Sam Bankman-Fried: I Am Willing To Testify On The 13th

Summary: Sam Bankman-Fried tweeted that he will appear before the House Committee on Financial Services.SBF’s tweets on Friday were a sharp turnaround from his earlier refusal to testify in Washington DC.The affirmation to attend Tuesday&#...

Binance Bitcoin Reserves 101% Collateralized Says Mazars Audit

Summary: CZ’s company hired Mazars to audit its Bitcoin reserves after FTX’s crash shook faith in crypto exchanges.Mazars reported that Binance’s BTC reserves were fully collateralized at a 101% ratio.The global auditor verifie...

Zodia Custody To Hedge Against Crypto Exchange Insolvency With “Interchange” Service

Summary: The custodian will hold customers’ assets and mirror user deposits on crypto exchanges.Zodia dubbed the new service “Interchange”, per reports on Wednesday.The crypto custodial company announced the offering at a time w...

SushiSwap Will Run Out Of Money In 1.5 Years

The funds in SushiSwap’s treasury can only sustain it for another 1.5 years.The decentralized exchange is currently burning through $5 million a year.& CEO Jared Grey has proposed to divert all fees to the exchange’s treasury for one year.A new...

Ledger Taps iPod Designer For New Hardware Wallet Amid FTX Debacle

Summary: Apple iPod creator Tony Fadell worked on the design for Ledger’s new hardware wallet.The so-called Ledger Stax wallet will feature an e-ink display for users to view NFTs and crypto transactions directly on the device.Stax’s...

Court Approves Celsius Extention To Submit Chapter 11 Reorganization Plan In 2023

Summary: Bankrupt crypto lender Celsius received an extension from the court on Tuesday.The extension means the lender now has until February 15, 2023 to provide the court with a reorganization plan.Tuesday’s update added that the court wi...

CEO of LYOPAY Luiz Góes on the Cover of IB Magazine

Who is the Brazilian entrepreneur Luiz Góes Luiz Góes is a business executive with a specialization in process management, leadership, and business implementation. He has worked in fintech management and has promoted several digital business cons...

BREAKING: Nexo Is Shutting Down Its U.S Business

Nexo will be shutting down its operations in the United States.The London-based crypto lender cited the lack of regulatory clarity as the reason for this move.The lender’s negotiations with U.S. regulators have failed to yield any results. Nexo is f...

Maple Finance Calls Out Orthogonal Trading After $36 Million Loan Default

Summary: Maple’s Monday statement said that Orthogonal Trading defaulted on eight loans worth around $36 million.The loans were tied to two pools operated by Mavens M11 credit.Maple founder Sid Powell expressed shock and disappointment due...

Circle’s merger with SPAC Concord breaks down

Summary: Circle and Concord announced the termination of their special purpose acquisition company agreement.Both entities agreed to shutter the deal as the stablecoin issuer could not meet regulator requirements in time.The deal was meant to al...

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...

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