Crypto news

While China is seemingly encouraging the ownership of NFTs, NFT prices have been down in the wake of a wider market rout.A Chinese court in Hangzhou city has applied its property law to nonfungible token (NFT) collections. The court ruled that NFTs are like online virtual property and should be protected under Chinese law.While noting Chinese laws are not clear on the features of NFTs, the court moved to establish its legal attributes. According to the case report, “NFTs have the object...

In his latest “Apology Tour” in which he appeared at the New York Times Dealbook Summit, SBF portrayed himself as a victim rather than a mastermind of all that happened at the trading platform.Since FTX Derivatives Exchange went bankrupt, there have been a lot of permutations as to whether the funds misappropriated by Sam Bankman-Fried (SBF) were used as donations to politicians. In a recent Twitter conversation, Will Manidis, CEO of ScienceIO, a healthcare data platform, said that SBF made...

GoTo is not the only Asian tech company to plummet in valuation after its public launch.In the most recent waves hitting global tech startups, Indonesia’s GoTo has lost about 70% of its valuation since its IPO in April. The startup company was one of the 11 companies that raised over $500 million from its maiden share sales. At the time, GoTo was Asia’s third-largest IPO startup, after generating approximately $1.1 billion. For about 10 consecutive sessions, the value of GoTo Group shares has...

Coinbase chief slammed crypto exchange FTX over their excuses for an accounting error. Brian Armstrong said that FTX clearly stole customers’ money by moving funds to Alameda Research.After all, what’s transpired in the crypto space with the collapse of crypto exchange FTX, industry heavyweights have weighed in with their opinion. Coinbase chief Brian Armstrong lashed out at FTX founder Sam Bankman-Fried for his handling of customer funds. As we know, SBF has been giving public interviews...

Stellar lumen price is showing bearish signs below the $0.090 resistance zone against the US Dollar. XLM price is now trading below $0.0900 and the 55 simple moving average (4-hours). There is a key contracting triangle forming with resistance near $0.090 on the 4-hours chart (data feed via Kraken). The pair could start a decent increase if it clears the $0.090 and $0.092 resistance levels. Stellar lumen price is trading below $0.0920 against the US Dollar, similar to bitcoin. XLM price...

INTERNET CITY, DUBAI, Dec. 5, 2022 – LBank Exchange, a global digital asset trading platform, has listed CareCoin (CARE) on December 5, 2022. For all users of LBank Exchange, the CARE/USDT trading pair is now officially available for trading. Providing access to a variety of personalized healthcare services based on iPS cells and AI, the CARE platform aims to revolutionize the world from a medical perspective so that all people in the world can be free from various diseases and lead healthy...

INTERNET CITY, DUBAI, Dec 2nd, 2022 – LBank, a global crypto exchange, hosted an ‘LBank & Crypto Friends’ afterparty alongside the Web3 conference DCENTRAL Miami. LBank was proud to host more than 200 guests from all layers of the industry. This was LBank’s second event in Miami after exhibiting at the Bitcoin 2022 conference earlier this year. ‘LBank & Crypto Friends’, hosted on November 28th, served as a buffer between conference days, giving many attendees a chance to unwind...

Ripple price started a fresh decline from the $0.4100 resistance against the US dollar. The price is now trading near $0.3940 and near the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.3900 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair could start a fresh increase if it clears the $0.400 and $0.410 resistance levels. Ripple price is struggling below $0.410 against the US Dollar, similar to bitcoin. XRP...

INTERNET CITY, DUBAI, Dec.1, 2022 – LBank Exchange, a global digital asset trading platform, will list WAHED Token (WAHED) on December 5, 2022. For all users of LBank Exchange, the WAHED/USDT trading pair will be officially available for trading at 10:00 UTC on December 5, 2022. As the world’s first investment hub for blockchain businesses in technology, sustainable initiatives, and innovative companies, WAHED is focused on revolutionizing revenue management for the ones looking for...

A prominent Indian cryptocurrency trade body – Bharat Web3 Association (BWA) – has red-flagged the high taxes and regulatory uncertainty in its draft of concerns and recommendations submitted to the Indian Finance Ministry, which is holding consultations in the run-up to the budget for 2023-24. A meeting between the BWA representatives and the Indian finance ministry officials, particularly with officials of the Central Board of Direct Taxes (CBDT), is expected to take place...