The FTX scandal is turning out to be a trend even after two weeks. The aftershocks of the FTX collapse are still being felt throughout the cryptocurrency industry. Genesis Block Ceases Trading…
Category: Cryptocurrency
Despite Widening Fallout Of FTX, Bitcoin Price Has Managed To Sustain $16k
On the Thursday trading session, the trading price of most of the cryptocurrencies ended up facing a downtrend. This happened because of a great financial void created by the FTX exchange. After…
Janet Yellen Says More Oversight Needed After FTX Collapse
A growing number of leaders in Washington is demanding action after the crypto exchange FTX collapsed in spectacular fashion in just a week’s time. Now it appears that US Treasury Secretary, Janet…
TSM Deals Another Low-Blow To FTX Suspending Its Sponsorship Deal
Team SoloMid (TSM), a major professional eSports organization is among the entities to have broken their links with FTX. Things have started to fall apart for FTX after it ended up crashing….
2 More Crypto Platforms Halt Withdrawals Over FTX Exposure
Crypto exchange Liquid Global announced on November 15th that it had halted both crypto and fiat withdrawals. The same day saw Salt, a crypto lending platform, inform its customers that it was…
1INCH to Become Very Attractive for Investors Following its Attempt to Reduce Gas Costs
1inch Network recently made an announcement that is to make the protocol very tractive for crypto investors. The platform announced it has carried out the implementation with aim of reducing gas costs….
Crypto.Com Accidentally Sent Ethereum Worth $400 Million To The Wrong Address
After the shocking downfall of crypto exchange FTX, other centralized crypto exchanges have found themselves under the microscope and this applies to Crypto.com as well. Customers of the exchange became quite concerned…
Strong Comments from Elon Musk Help in Boosting Weakening Price of Bitcoin
Despite taking a huge fall in the past week, things have recovered a bit for Bitcoin (BTC). With the initiation of the new week, the trading price of Bitcoin started under $17,000….
BlockFi Pauses the Option for Withdrawal After FTX Collapse
The collapse of the FTX crypto exchange is reverberating from coast to coast, as state regulators in California have announced an investigation into the exchange. In addition, BlockFi, the crypto exchange based…
FTX Token to Decline Further, Japan Requests FTX Japan to Cease Operations
November seems to be the worst month for the FTX exchange. From the 8th of the month until now, several countries have asked FTX to cease its operations in their jurisdictions. FSA’s…
Analysts Expect A Surge In XRP Price As Coinbase Backs Ripple Against SEC
Coinbase, the second-largest cryptocurrency exchange has recently made it to the headlines, emerging as the Ripple supporter against the US SEC. Ripple Gets More Support Ripple Labs has been fighting its legal…
Trading Price of LINK Expects a 50% Correction as Chainlink Witnesses a Plunge
The price of the native token of the Chainlink network “LINK” ended up taking a fall in the recent trading session. The market downtrend has continued harming the trading price of LINK,…
Two Major Cryptocurrency Exchanges Faced Latency Issues On November 8
November 8 turned out to be the worst nightmare for millions of cryptocurrency users as two major crypto exchanges ended up facing downtimes. Kraken and Coinbase Faced Outages On November 8, a…
Over $1 Million Lost By Rubic As Private Keys Were Reportedly Compromised
The officials at Rubic recently reported that they suffered from an exploit that ended up costing them over $1 million. Rubic Exploited by Hackers Rubic is a major platform known for facilitating…
LTC Price Could Rally By 200% In July 2023 Due To Pre-Halving Of LTC
The analysts seem to be coming up with different kinds of predictions surrounding the trading price of Litecoin (LTC). However, the majority of the analysts seem to be agreeing with one particular…
In 12 Months, Energy Usage Of Bitcoin Surges 41%, Regulatory Risks To Rise
The energy consumption for Bitcoin (BTC) has continued rising and the growth rate has been significantly higher in the running year. YoY Increase in Energy Consumption According to data, the year-over-year (YoY)…
Crypto.com Exchange’s Trade Volume Plummets By 91% One Year After ‘Brave’ Ad
Regardless of whether investors are crypto proponents or not, it’s no secret that cryptocurrencies have entered a bear market this year. Specifically, exchanges such as crypto.com are showing declining trade volumes as…
Dogecoin Takes Cardano’s Spot As 8th Biggest Crypto
After an unbelievable surge of more than 115 percent, Dogecoin has taken Cardano’s spot to become the eighth largest crypto based on market cap. This comes after SpaceX CEO Elon Musk acquired…
MakerDAO Co-Founder Dies At 29 In Puerto Rico
Last week, Nikolai Mushegian, the MakerDAO co-founder and the decentralized stablecoin Dai, was found dead in the city of Puerto Rico. According to local media reports, the co-founder of the crypto lending…
Moscow Sees Massive Growth in Number of Bitcoin-Powered ATMs
Not even the war has been effective in curtailing the growth of crypto activity in Russia, particularly in Moscow. Instead, the interest in digital currencies and activities relating thereto have increased tremendously…