Crypto news

[PRESS RELEASE – Please Read Disclaimer] ‘Delio Staking’ – secure place to grow passive income Delio introduces staking service for five crypto assets Providing one of the lowest fees in the crypto market and an annual reward rate of up to 16.17% Staking for more than 60 digital assets to be launched soon, reaching Korea’s largest staking service. On November 24th, South Korea’s leading crypto bank Delio (CEO James Jung) announced a staking service launch for five digital...

Former FTX CEO Sam Bankman-Fried (SBF) spoke at length about FTX’s collapse and bankruptcy at the New York Times Dealbrook Summit on Wednesday. The former billionaire defended himself from accusations of fraud, and claimed that FTX’s troubles stemmed from an accounting error. Sam Bankman-Fried on Alameda’s Leverage Bankman-Fried’s interviewer began by asking whether the ex-CEO whether FTX had truly collapsed to an accounting mistake (as claimed by SBF on Twitter) or whether...

According to the most recent data, GMX earned more daily revenue than Uniswap, becoming the market leader for the first time ever. Delphi Digital reported that the platform raked in $1.15 million in trading fees, while that of Uniswap stood at $1.06 million. Moreover, GMX is now the fifth-largest decentralized application on Token Terminal’s dashboard, trailing behind already established players such as Ethereum, OpenSea, dYdX, and PancakeSwap. Formerly known as Gambit...

Kraken is the latest cryptocurrency exchange that’s been forced to downsize in the face of macroeconomic headwinds and a devastating crypto bear market.  According to an announcement from the firm on Wednesday, leadership has been forced to slash 30% of its workforce, amounting to 1100 workers.  The reduction in size takes Kraken’s headcount back to where it was 12 months ago. The firm said it was forced to grow fast over the past few years to keep up with client demand. ...

BlackRock – the largest asset manager in the world – lost millions of dollars inside FTX, according to CEO Larry Fink. The BlackRock chief spoke at The New York Times Dealbrook Summit on Wednesday, confirming that his firm held $24 million within the insolvent exchange. The money was from a “fund of funds,” and not a core part of BlackRock’s business.  Interviewer Andrew Sorkin asked Fink why BlackRock and other firms seemingly didn’t “mind the store,” performing due...

The Seoul Southern District Prosecutors Office reportedly sought arrest warrants for one of Terraform Labs’ Co-Founders – Shin Hyun-seung (Daniel Shin), claiming he gained illegal profits before the colossal crash of LUNA/UST. The Korean authorities previously issued an arrest warrant against Terraform’s CEO – Do Kwon. His whereabouts remain unknown, while recent sources hinted he could be in Europe.  Daniel Shin on the Spotlight, too The spectacular collapse of Terra’s...

Jerome Powell – Chairman of the Federal Reserve – recently spoke about the future of macroeconomic policy and U.S. inflation at the Brooking Institution. As is typical, Bitcoin’s price was affected by his comments, rising by 1% just as his speech began.  As of 18:13 UDT on Wednesday, Bitcoin traded for $16,780. The price then shot up to $16,850 at 18:30, when he began to speak. By 18:40, the leading crypto asset traded for $16,960. Over the past 3 months, the Federal Reserve...

The decentralized exchange Uniswap enabled NFT trading on its platform by listing digital collectibles a part of leading marketplaces, such as OpenSea, LooksRare, Sudoswap, and more. The initiative comes a few months after Uniswap acquired the NFT aggregator Genie. The DEX revealed that as of today (November 30), its users could trade a variety of non-fungible tokens across major marketplaces. It also vowed to airdrop $5 million worth of USDC to previous clients of the NFT...

Pick n Pay, a grocery retail outlet, has said “yes” to crypto payments and will now allow customers to pay for their items with assets like bitcoin and Ethereum. Pick n Pay Says “Yes” to Crypto Payments The move is pushing the goals of bitcoin and its digital counterparts closer to being achieved. What many people likely forget is that while bitcoin and many of its crypto cousins have taken on either speculative or even hedge-like statuses in recent years, many of them were initially...

Ripple’s monthly candlestick appears to be closing in the red tonight, despite the fact that the long lower wick implies the presence of buyers around $0.3. However, the cryptocurrency’s performance in the past month has actually been stronger than Bitcoin’s. Technical Analysis By Grizzly The Weekly Chart The weekly chart reveals that the downward trend initiated in April 2021 is continuing. The pair has made multiple attempts to break through the descending resistance line...