Category: Latest news

[ad_1] Speaking with CryptoSlate’s Akiba at the recent NFT.London event, CTO of Immutable X, Alex Connolly, spoke about the future of web3 gaming and the power it gives back to the players. Immutable X has taken the web3 industry by storm, growing to a $2.5 billion valuation in just two years. Past investment rounds included…

[ad_1] Canada’s largest pension fund Ontario Teachers said it would write off its $95 million in bankrupt crypto exchange FTX, according to a Nov. 17 press statement. According to the pension fund, it made two investments in the embattled exchange between October 2021 and January 2022 through its Teachers’ Venture Growth (TVG) platform. Its first…

[ad_1] Over the last 24 hours, the cryptocurrency market cap saw net inflows of around $8 billion and currently stands at $836.19 billion as of press time — up 0.98% from $828.16 billion on Nov. 17. Bitcoin’s market cap increased by 1% to $322 billion from $318.5 billion. Ethereum’s market cap rose by 1.28% to…

[ad_1] The Securities Commission of Bahamas revealed on Nov. 18 that it directed FTX to transfer digital assets under its control to the Commission’s wallet on Nov. 12. Securities Commission of The Bahamas Assumes Control of Assets of FTX Digital Markets Ltd. pic.twitter.com/IzW4PGZSJm — Securities Commission of The Bahamas (@SCBgov_bs) November 18, 2022 According to the…

[ad_1] Circle, the company that runs and issues USDC has dropped their Circle Yield product APY rate to 0%. Back in June I wrote about my anxieties around Circle. Oh hey, what’s that? Genesis and its yield product customers are exposed to the credit risk of Genesis? And Genesis loaned $2.3bn to 3AC? Well I…

[ad_1] Nexo is set to launch its own multifunctional, non-custodial, EVM-compatible smart wallet dubbed ‘The Nexo Wallet.’ This self-governed wallet will also function as an identity wallet, allowing users to use Non-Fungible Tokens (NFTs) and the Ethereum Name Service (ENS) to build up, and utilize the benefits of their self-governed Web3 profile. This self-governed setup…

[ad_1] The attackers who drained $600 million from the now-bankrupt exchange FTX, swapped nearly 30,000 BNB tokens for Ethereum (ETH) and Binance USD (BUSD) on Nov. 17. in three transactions, data from Bscscan shows. In the first transaction, the attacker exchanged 10,000 BNB tokens, worth $2.67 million at the time, for 2001.5 ETH, valued at…

[ad_1] Recapping Mint Season 6, Episode 22 Season 6, Episode 22 of the Mint Podcast with Adam Levy features David Greenstein. He is the co-founder of Sound.xyz, a permissionless, modular platform for creators, artists, and fans to engage with one another, largely through music NFTs. Music in web3 has continued to grows despite being in…

[ad_1] Algo crypto trading platform, Upbots, detailed its recovery plan established due to its exposure to the fallout of FTX, and Alameda Research. Important announcement We are pleased to inform you that it has been decided to move forward by making some very important changes in our strategy: 1. Launch of a new token2. Staking…

[ad_1] FTX’s fall from grace this week culminated in the company filing for Chapter 11 bankruptcy on Nov. 11. The filing includes all 130 companies under the umbrella, as well as the trading firm Alameda. On announcing the news, Sam Bankman-Fried resigned from his position as CEO. John Ray, who oversaw Enron following its accounting…