Crypto news

Football icon Cristiano Ronaldo will soon launch his CR7 NFT collection on Binance NFT. The athlete partnered with the crypto exchange in June to introduce non-fungible tokens and Web3 to his multi-million fan base. One of the most successful soccer players of all time – Cristiano Ronaldo – will drop his first NFT collection later this week. The digital collectibles will feature the Portuguese megastar and be available exclusively on the Binance NFT Marketplace. “Since our...

Circle – the issuer behind USDC – has announced that merchants supported by the company will now be able to accept Apple Pay.  The integration will allow customers to check out from apps and the Safari browser without a need to “fill out lengthy forms.” Per Circle’s announcement on Tuesday, Apple Pay support will let crypto-native businesses provide better assistance to customers wishing to use more traditional payment methods.  The integration will also let customers buy...

BlockFi is looking for answers to its liquidity troubles caused by its heavy exposure to FTX – and bankruptcy is reportedly on the table.  The crypto lending firm is already preparing a potential bankruptcy filing, people familiar with the matter told the Wall Street Journal. It’s also reportedly planning to lay off workers – a common practice for crypto firms during the 2022 bear market.  BlockFi already paused customer withdrawals and limited activity last week, citing the...

Ark Invest – the technology-focused investment firm founded by Cathie Wood – has aped into Grayscale’s Bitcoin Trust (GBTC) after the world-leading digital asset fund marked another record-low discount last week.  Ark Investment Management bought 315,000 GBTC shares worth roughly $2.8 million on Monday for its ARK Next Generation Internet exchange-traded fund (ARKW). Ark’s purchase marks its first investment in the trust since July 2021, when Bitcoin drifted around a local...

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The Seychelles-based crypto exchange – OKX – reportedly introduced a $100 million fund to aid companies with liquidity issues. The world’s largest cryptocurrency platform – Binance – launched a similar initiative to reduce the negative effects of FTX’s collapse. According to the Chinese reporter Colin Wu, OKX will distribute $100 million across numerous projects that experience significant issues after the crash of FTX. It will also help entities migrate from Solana (which...

[PR – Cranfield, England, 13th November, 2022, Chainwire] WAHED Coin, the native cryptocurrency of the WAHED ecosystem, is to be listed on LBank on December 5. The asset powers a growing array of features within WAHED’s next-generation investment hub. The listing of WAHED Coin on LBank will make the digital asset available to a global audience, empowering them to tap into the many opportunities the WAHED ecosystem has to offer. WAHED’s team brings decades of experience to the...

In a surprise twist, Binance – the world’s largest and most popular digital currency trading firm – has agreed to purchase competitor FTX, which at this time is experiencing what it’s referring to as a “liquidity crunch” and is in need of some financial help. Binance Said It Would Buy FTX The irony is that FTX spent millions of dollars recently bailing other companies out of their messes. Who would have thought the enterprise that at one time appeared so popular and stable would now need...

Sam Bankman-Fried, the former CEO of the now-bankrupt FTX, tried to rally financial support for his beleaguered crypto exchange. This comes as the platform is facing bankruptcy amid an $8 billion black hole in its balance sheets. FTX collapsed in spectacular fashion over the past week, triggering a contagion that has impacted the broader crypto space. Several projects have now reported having funds stuck in limbo with the exchange. Sam Bankman-Fried tried to source funds from...