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$640 Million Liquidated Amid Binance-FTX Fiasco, FTT Drops Below $10

Over $640 million in trades have been liquidated from crypto markets in the aftermath of FTX’s drama with Binance. Markets experienced a brief rally after Binance announced its intention to buy FTX, but have since retraced while FTX Token continues to dump. According to Coinglass, over $640 million in liquidations have taken place in the last 24 hours, with $182 million liquidated in the past hour alone.  The largest single liquidation took place on BitMEX on a Bitcoin / US...

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BlockFi is Bringing Back Yield Product, But There’s a Catch

BlockFi was one of the lenders that found itself in troubled waters following the crypto credit crisis. As forced selling and liquidity issues began to take a toll on investors, the industry, which was already buffeted by inflation and other macroeconomic agents, witnessed several companies, including Celsius and Voyager, go bankrupt. But BlockFi managed to stay afloat, thanks to its acquisition agreement with Sam Bankman-Fried’s FTX. The company is now back in the crypto...

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SBF Breaks Silence, Confirms Binance Will Acquire FTX

Amid massive uncertainty surrounding FTX and its ability to process withdrawals, the exchange’s CEO Sam Bankman-Fried (SBF) has announced that the company is being sold to Binance.  Binance CEO Changpeng Zhao (CZ) has also confirmed the news, stating that Binance will help FTX navigate its current “liquidity crunch.” FTX Comes Full Circle In a tweet thread on Tuesday, SBF told followers that things had come “full circle,” and that Binance would go down as FTX’s first and last...

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Bit Nile Is Building a Whole New BTC Market Platform

Bit Nile – a diversified holding firm – has announced it’s establishing a new bitcoin-based marketplace that will utilize and leverage the power and technology of blockchain. Bit Nile Aims to Simplify Blockchain The news is good because it is testament to the strength of bitcoin and the forces behind it. As we all know by now, the crypto space has been crashing and burning since the beginning of this year. Bitcoin, for example, is the world’s number one digital currency...

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Reasons Why Chainlink (LINK) Surged to 3-Month High

Despite the volatile markets, Chainlink (LINK) broke above $9.20 for the first time since August this year, recording a three-month high. The latest price appreciation was triggered by massive activity stirred by LINK wallets over the past five weeks. As per the crypto-analytic platform Santiment’s latest data, traders are “longing” LINK “aggressively.” ? #Chainlink spiked all the way above $9.20 for the first time since August 13th, a ~3 month high despite very volatile...

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Rocketize Heads for Web3 With Redesigned Website and Upcoming Giveaway

[PRESS RELEASE – Please Read Disclaimer] The crypto industry has far outgrown the initial stages set by the creation of Bitcoin over a decade ago. In fact, it’s now touted to become a massive part of the transition into Web3. As such, multiple cryptocurrency projects want to take a piece of that pie with innovative features, products, and promises. Such is the case with Rocketize, which recently redesigned its entire website, making it even easier for users to engage and...

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How Has El Salvador Fared Since Accepting BTC?

Over a year ago, El Salvador made history when it declared bitcoin legal tender. This meant that many companies throughout the region were required to accept crypto payments alongside the U.S. dollar, which the country had long been dependent on, but has everything worked out in the nation’s favor? El Salvador and Bitcoin… Has It Worked? With about 16 months under its belt of using bitcoin as real, actual money, it appears El Salvador has some relatively mixed results to...

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