Author: e_cash_top
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Waves CEO calls futures markets ‘breeding ground for FUD,’ requests exchanges disable trading
[ad_1] Waves (WAVES) founder Sasha Ivanov has begged all centralized exchanges to disable the futures markets for the digital asset in a Dec. 21 tweet. According to Ivanov, Waves does not need a futures market because it is a “breeding ground for FUD and making money off short positions.” The Waves CEO tagged the social…
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Bitcoin miner Core Scientific files for bankruptcy, has over $1B in liabilities
[ad_1] Publicly traded crypto miner Core Scientific filed for Chapter 11 bankruptcy protection on Dec. 21 at the Southern District of Texas bankruptcy court. According to court documents, the miner has liabilities between $1 billion- $10 billion. It has over 1,000 creditors, with the largest unsecured claim owed to B. Riley Financial –the bankrupt firm…
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Dogecoin continues slide as Musk confirms Twitter CEO resignation
[ad_1] Dogecoin is among one of the worst performers over the last 24-hours after Elon Musk confirmed he will resigned from the role of Twitter CEO. On Dec. 5, DOGE recorded a local high of $0.11172, but mounting sell pressure since then has resulted in 37% losses that bottomed at $0.07003 on Dec. 19. Source:…
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Sam Bankman-Fried has signed extradition papers
[ad_1] Sam Bankman-Fried, founder and former CEO of FTX, has signed extradition papers, according to a report from Reuters on Dec. 20. The news publication obtained a statement from Doan Cleare, Acting Commissioner of Corrections at Fox Hill Prison, indicating that Bankman-Fried had agreed to extradition. Cleare said that Bankman-Fried signed the documents around noon…
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Waves Platform CEO announces launch of new stablecoin
[ad_1] Sasha Ivanov, the founder, and CEO of Waves Platform has announced that he will be launching a new stablecoin. Two things:– I will launch a new stable coin– There's gonna be a $USDN situation resolution plan set in motion before. — Sasha.waves (@sasha35625) December 20, 2022 Ivanov has previously taken on $500 million debt…
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Report reveals 12% of BNB Chain and 8% of ETH tokens are scams
[ad_1] Solidus Labs’ 2022 Rug Pull report revealed that 8% of all Ethereum (ETH) tokens and 12% of all BNB Chain tokens are rug pull scams. The report considers data from Jan. 1 to Dec. 1, 2022, and also detected over $11 billion worth of ETH transactions were either directly linked to scam tokens or…
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Algorand interim CEO Sean Ford says “Our time is now”
[ad_1] Taking place in Dubai, the industry’s newly-adopted “crypto-friendly” hub, we discussed Algorand’s technology and achievements, its plans in the middle east, the state of the market in the wake of recent events, and Algorand’s place in it all. Pleasant-natured yet direct, Sean doesn’t mince his words. During his earlier keynote speech, he addressed the…
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Silvergate account was at the center of FTX’s collapse, senators say
[ad_1] An account with Silvergate Capital may have played a key role in FTX’s collapse this November, according to a Dec. 20 report from the Wall Street Journal. The newspaper cited three U.S. senators who said that an account at Silvergate “appears to be at the center” of FTX’s collapse. Those senators also said that…
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New $60M web3 fund from Axelar offers close support from Circle, Polygon & exposure to top investors
[ad_1] The interchain communication protocol, Axelar, has announced a $60M funding program to drive innovation for web3 startups building during the bear market. “The Axelar Ecosystem Startup Funding Program is designed to nurture a pipeline of developers building Web3 products that rival anything on the centralized web.” Given the current crypto landscape, such funds are…
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Cathie Wood’s ARK Investment isn’t doing so great
[ad_1] ARK Investment, a venture capital company founded by Cathie Wood, is bracing for the coldest winter it had in a long time. The ARK fund, a pandemic-era success story that brought Wood to worldwide fame, has seen every stock it owns drop to all-time lows. Shares of the fund itself are down nearly 63%…