Author: e_cash_top
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Standard Chartered invests in JPMorgan blockchain platform
[ad_1] Multinational investment bank Standard Chartered announced a financial commitment to JP Morgan-backed blockchain protocol, Partior. With the investment, Partior will gain support from the financial institution to enhance its international outreach. This development will allow Partior to broaden its currency offerings beyond the first slate of eight global currencies – USD, SGD, GBP, EUR,…
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Rumors of Andre Cronje’s return cause Fantom to spike 24%
[ad_1] Fantom (FTM) is up 24% over the last 24 hours to $0.27 amid rumors that DeFi trailblazer Andre Cronje is returning to the industry. The price movement continues the asset’s recent upward trend, which had seen it rise by 25% in the last seven days and over 20% in the previous 30 days. FTM…
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WalletConnect secures $12.5 million in an ecosystem funding round
[ad_1] Web3 communications protocol company, WalletConnect, announced raising $12.5 million in an ecosystem round, with participation from Shopify, Coinbase Ventures, ConsenSys, Circle Ventures, Polygon, Uniswap Labs Ventures, Union Square Ventures, 1kx, HashKey, Foresight Ventures, and others. We at WalletConnect are thrilled to announce that we have raised $12.5 million in an ecosystem round aimed at…
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Korean authorities reportedly have proof of Kwon’s LUNA price manipulations
[ad_1] Korean prosecutors have obtained proof that Do Kwon purposely manipulated Terra’s (LUNA) market price, as announced by crypto influencer @FatManTerra. Citing the local news sources, FatManTerra said the prosecutors obtained a private conversation between Kwon and one of his employees, where Kwon ordered LUNA’s market price to be manipulated. Even though prosecutors didn’t disclose…
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Compute North paid top execs roughly $3M benefits before filing for bankruptcy
[ad_1] Bankrupt Bitcoin (BTC) mining data center operator Compute North paid its top executives over $3 million in benefits before filing for bankruptcy on Sept. 22, according to an Oct. 28 court filing. The court documents showed that the firm paid its former CEO Dave Perrill $612,792 for payroll and benefits. The bankrupt lender paid…
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Stripe lays off 14% of workforce to cut costs amid economic downturn
[ad_1] Payments processor Stripe laid off 14% of its workforce — over 1,100 employees, CEO Patrick Collison announced in an email on Nov. 3. Collison attributed the layoffs to two “mistakes” by the leadership team — overestimating 2022 growth prospects and increasing operating costs. He wrote: “We were much too optimistic about the internet economy’s…
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Bitcoin falling below key resistance for only the fourth time in it’s history
[ad_1] CryptoSlate’s analysis of Bitcoin’s (BTC) realized price and cost basis cohorts revealed that the transition from the current bear market could potentially transition to a bull market by the end of the first quarter of 2023. Realized Price The realized price is calculated by dividing Realized Cap by the current supply. The realized cap…
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eNaira CBDC ‘a massive failure’ despite Nigerian central bank’s claims to the contrary
[ad_1] Geopolitical Analyst Nick Giambruno called Nigeria’s eNaira project a “massive failure” while saying the outcome has not been “what the elites hoped for.” The eNaira launched on Oct. 25, 2021, with President Muhammadu Buhari saying Africa’s first Central Bank Digital Currency (CBDC) would “increase remittances, foster cross-border trade, improve financial inclusion and enable the…
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China holds $3.9B worth of Bitcoin despite anti-crypto stance
[ad_1] CryptoQuant co-founder Ki Young Ju said the Chinese government is a crypto whale, despite its negative posture toward the industry. FUN FACT: Government of China🇨🇳 is a crypto whale. Chinese authorities seized 194k BTC, 833k ETH, and others from the PlusToken scam in 2019. They forfeited these $6 billion-worth assets to the national treasury.…
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Polygon stands out among flat large caps
[ad_1] Over the last 24 hours, the cryptocurrency market cap saw net inflows of $4.6 billion to $1,009.4 billion from $1,004.8 billion as of press time — up 0.5%. During the reporting period, Bitcoin’s market cap fell 0.8% to $389.2 billion from $392.3 billion. Meanwhile, Ethereum’s market cap increased by 0.3% to $190.4 billion from…