Category: Latest news

[ad_1] Litecoin bucked the market downtrend, posting 19% gains over the past week to lead the top 100. Price performance over the last 24 hours has seen LTC record 13.7% gains to $70.10 from $61.53 at the time of press. The majority of today’s gains resulted from a 9.6% upside swing on the 13:00 (UTC)…

[ad_1] Following rumors of potential contagion from FTX, Digital Currency Group (DCG) CEO Barry Silbert sent shareholders a memo on Nov. 22 addressing the situation surrounding Genesis’ liquidity. A potential billion-dollar hole in the Genesis balance sheet has drawn speculation as to the future of the crypto brokerage. Moreover, Genesis is a subsidiary of DCG,…

[ad_1] Bankrupt crypto exchange FTX, alongside senior executives at the firm and parents of Sam Bankman-Fried, bought at least 19 properties worth $121 million in the Bahamas within the last two years, Reuters reported Nov. 22. According to the report, FTX purchased seven condominiums in a resort community called Albany for $72 million -one of…

[ad_1] Tron (TRX)founder Justin Sun revealed interest in buying FTX assets to journalists in Singapore, The Wall Street Journal reported on Nov. 22. The popular crypto founder told the Journal that his associates were currently evaluating the process of buying some assets of the bankrupt crypto exchange. Sun reportedly said: “We are open to any kind…

[ad_1] The CEO of Binance, CZ, has denied a report published by Bloomberg on Nov. 21 that he was seeking investment for an industry recovery fund. CZ took to Twitter to succinctly confirm that the report was “false.” False — CZ 🔶 Binance (@cz_binance) November 22, 2022 The Bloomberg article stated that “Changpeng. “CZ” Zhao…

[ad_1] Binance Labs announced it will take the lead in an upcoming Series A investment round in hardware wallet maker NGRAVE. Company co-founders Xavier Hendrickx, Ruben Merre, and Edouard Vanham launched NGRAVE in 2018 to make crypto a safer place for all. Hendrickx had suffered multiple instances of lost and stolen crypto funds, including being…

[ad_1] The cryptocurrency market cap saw net outflows of $15.1 billion over the last 24 hours and currently stands at $781.5 billion, down 1.9% over the reporting period. Bitcoin’s market cap fell 2% to $302.5 billion from $308.8 billion, Ethereum’s fell 3.3% to $132.6 billion from $137.1 billion. The majority of the top 10 cryptocurrencies…

[ad_1] Craig Wright, who claims to be Bitcoin’s inventor Satoshi Nakamoto, appears to have conflicting views regarding the relevancy of Satoshi’s posts on the infamous BitcoinTalk forum. In a blog post from March 2020, Wright stated that not all posts coming from the Satoshi account on BitcoinTalk actually belonged to Satoshi. “It is a myth…

[ad_1] Bahamas Supreme Court on Nov. 21 ordered bankrupt crypto exchange FTX to indemnify and reimburse the Securities Commission of Bahamas (SCB) for expenses it will incur while safekeeping its digital assets. Securities Commission of The Bahamas Secures Court Order For Right of Indemnity and Reimbursement. https://t.co/j7AAxZhdrQ pic.twitter.com/aBQLJtYQ8q — Securities Commission of The Bahamas (@SCBgov_bs)…

[ad_1] Bitcoin (BTC) miners face increasing sell pressure as the flagship digital asset’s value continues to struggle below the $16,000 mark. Capriole Fund founder Charles Edwards on Nov. 21 said miners were selling at the most aggressive rate in almost seven years, with a 400% increase in selling pressure over the last three weeks. He…