Crypto news

It can be extremely difficult to establish a new digital token, much less have it listed on a legitimate exchange. Thus, traders should probably be giving Oobit Technologies a pat on the back, as it’s managed to do both within a relatively short period. Oobit Has Unveiled Its New Crypto Token Oobit – a crypto payments solution – has created what it’s calling the OBT utility token, which will be the official digital currency of the company. It was first listed on the MEXC...

Bitcoin mining firms have had to do a lot to show that they are not just about extracting units from the blockchain to be added to circulation. There is a reason for this: in showing they’re not just about bitcoin mining, they have hopes of staying in business. Bitcoin Mining Companies Need New Ways to Garner Funds One of the big things bitcoin mining companies need to do now is show that they can make it in other arenas. This is because the bitcoin mining space is...

FTX’s collapse stirred the cryptocurrency market in a way that not many expected, but there’s some silver lining, however tiny it may seem. For once, most of the leading exchanges decided to go ahead with their proof-of-reserves and published the majority of their addresses that contained the funds stored on their platforms. CryptoCom is one of the exchanges that published their addresses, showcasing how much and what cryptocurrencies it stores on behalf of its customers....

[PR – Leeuwarden, Netherlands, 11th November, 2022, Chainwire] The web3 gaming company Kryptomon which develops the living-NFT-powered metaverse game combining Play-and-Earn gaming mechanics, announced today its partnership with Unstoppable Domains, the leading provider of Web3 domains. The partnership features an exclusive collaboration between the two brands that will grant Kryptomon NFT holders a unique verification badge to be displayed on their Unstoppable Domains...

[PR – Majuro, Marshall Islands, 11th November, 2022, Chainwire] Crypto exchange Gate.io attended TOKEN2049 in London from November 9-10, delivering a keynote to attendees and engaging with partners and industry executives. The event is one of Europe’s most influential crypto events of 2022 and brought together influential leaders and industry experts from around the world. Gate.io Solution Aims to Connect Blockchain to Everyday Life Delivered by Daniel Antcliff, Leader of...

[PRESS RELEASE – Please Read Disclaimer] The Bitcoin Lightning Network is now a reality 1xBit, the crypto sportsbook. Just like its name, it promises to change how Bitcoin transactions work and offer an alternative pathway to betting and crypto transactions. Here is everything you need to know about the Lightning Bitcoin Network. Origins of the Bitcoin Lightning Network Bitcoin may have been a miracle that came out of nowhere and outlived a host of naysayers. Still, the...

The cryptocurrency market continues to bleed out and in the past 24 hours, its total capitalization shed another $20 billion. The majority of coins are well in the red and the broader sentiment remains particularly negative and expects further contagion from the FTX fallout. Bitcoin Price Bleeds Out Bitcoin’s price currently sits at around $16,500, down 2.1% in the past 24 hours. This brings the total loss to about 22.6% in the past week. BTC has been trading relatively flat...

The US-based cryptocurrency exchange – Coinbase – reportedly reduced its team by 60 people following the FTX saga and the consecutive plunge of the market. Chief Financial Officer Alesia Haas said the company might lay off more people should the turmoil deepen in the future. According to recent coverage, one of the largest crypto platforms – Coinbase – dismissed 60 of its staff members as a result of the current crisis in the digital asset sector. CFO Alesia Haas described...

Despite the crash of the crypto exchange FTX, the Mercedes Formula One team vowed not to remove the company’s logo from its race cars. Still, the F1 squad said they are closely monitoring the situation with the trading venue, hinting it might terminate the partnership in the near future. FTX’s Logo Remains on the Runway One of the best-performing Formula One teams – Mercedes – said the emblem of FTX will still be visible on the cars driven by Lewis Hamilton and George Russel...

Megadeth is one of the biggest metal bands in history. Most people know them for their awesome music, but now, they’re growing their presence in the cryptocurrency space with their very own token, which means they’re probably about to earn a whole new crowd through the trading market. Megadeth Deepens Its Crypto Presence The band has been around for nearly 40 years. First formed in 1983, Megadeth has sold roughly 40 million records across the globe. Now, the group is...