Crypto news

Changpeng Zhao – CEO of the world’s leading crypto exchange Binance – advised Sam Bankman-Fried to refrain from dropping misleading messages on Twitter and instead focus on his colossal problems with FTX. In one of his announcements, SBF referred to a mysterious “sparring partner” who could have played a role in the exchange’s collapse, and some estimated this might be Zhao. The latter said only a “psychopath” could come up with such a tweet, claiming the industry is not a...

The Canadian singer and teen idol – Justin Bieber – made the headlines in January by purchasing an NFT from the BAYC collection for 500 ETH (around $1.3 million at the time). The intensifying bear market and the decreasing interest in digital collectibles, though, have shrunk the USD value of his investment by over 94%. Bieber’s Massive Paper Loss Justin Bieber was among the famous individuals who dived into NFTs when the hype around them was at its peak. The superstar bought...

Crypto lending platform Celsius may have gotten a break in its recent bankruptcy case as crypto service provider Prime Trust – which held a long-term partnership with Celsius up through the summer of 2021 – has agreed to give up control of approximately $17 million of the lending company’s digital assets, thus returning them back to executives’ hands. Celsius Is Getting a Chunk of Money Back Celsius had filed a lawsuit against Prime Trust back in August. Per a contract...

Numerous major exchanges are disabling deposits and/or withdrawals for Solana-based variants of the top two stablecoins, USDT and USDC. The wave of delistings follows Solana’s major price crash in the wake of FTX’s collapse – an exchange known to be closely involved with the network and token.  Scrubbing the Solana Stablecoins On Thursday, Binance announced that deposits for Solana-based USDC and USDT tokens had been “temporarily suspended until further notice,” without...

The revelations surrounding FTX’s downfall continue with full force. Now, according to the most recent court filings, Alameda Research – SBF’s trading firm, had some privileges. The trading firm of Sam Bankman-Fried, Alameda Research, was secretly exempted from some aspects of the auto-liquidation protocol of FTX. It’s worth noting that SBF was also the acting CEO and founder of FTX. This is just a drop in the stream of information that was made public through the recent...

Arkon Energy – an Australian-based bitcoin mining firm – raised $28 million and acquired Hydrokraft AS (a Norwegian energy-based data center). These will double down on the companyr’s green strategy and aim to increase its mining capacity. Distressed Cycles Could Produce Winners According to a recent document seen by CryptoPotato, the Hydrokraft AS purchase was part of Arkon Energy’s plan to expand its global reach. Both entities use renewable energy to mine bitcoin, ensuring...

Binance – the world’s largest and most powerful digital currency exchange – is pulling back the curtain on a new $500 million crypto mining lending pool so miners and new projects have access to the funds and liquidity they’ll need to extract new units of crypto from the blockchain to be placed in circulation. Binance Is Trying to Help Crypto Miners Known as the “Binance Pool,” those taking part in the project and borrowing funds will have access to loans with terms...

John J. Ray III may have unwounded major corporate failures, but in over four decades of legal and restructuring experience, he claims to have never seen such “unprecedented” management failures as in the case of the bankrupt FTX cryptocurrency exchange under Sam Bankman-Fried’s tenure. In the latest filing to federal bankruptcy court, FTX’s new chief restructuring officer said, “Never in my career have I seen such a complete failure of corporate controls and such a complete...

[PRESS RELEASE – Please Read Disclaimer] The cryptocurrency industry has far outgrown its initial stages from a decade ago when bitcoin was first introduced to the world. The tech behind the world’s first and largest digital asset has become an immense part of numerous industries, such as VoIP services. Today, we will look at a prominent representative of that niche, most notably Northern VoIP Ltd and its tokenenomics. NVL and xNVL Tokens Based in the UK, Northern VoIP offers...

[PRESS RELEASE – Please Read Disclaimer] The cryptocurrency industry has long outgrown its initial phase that came over a decade ago with the launch of the Bitcoin blockchain. There’re countless projects, websites, companies, and everything in between representing the world of digital assets. The largest industry website is CoinMarketCap, owned by the world’s biggest crypto exchange – Binance. Being a site with hundreds of millions of visits per month, it has become the go-to...