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Bahamas’ Regulator Explains Why it Made the Right Call to Seize FTX Assets

In a new press release, the Securities Commission of The Bahamas explained that only placing FTX Digital Markets into liquidation was not sufficient, citing the risks associated with hacking and breach. SCB Executive Director also lashed out at new FTX CEO John Jay Ray III for “misrepresenting” the agency’s action through the “intemperate” and “inaccurate” allegations. Bahamas Regulator’s Statement Its Executive Director, Christina Rolle, revealed that the Commission sought...

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BinaryX Releases Concept Art for World Building MMO CyberLand

[PRESS RELEASE – Singapore, Singapore, 24th November 2022] BinaryX has confirmed that it is working on a new free-to-play, play-to-own game, CyberLand, an open-world MMO powered by blockchain technology. The team just released the concept video, which gives a first look of the terrains and features of the game. Free-to-play, Play-to-Own CyberLand marks BinaryX’s official transition away from play-to-earn models, and is their first-ever play-to-own game in the metaverse. As a...

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EOS Price Analysis: Risk of More Losses Below $0.8

EOS price is still struggling below the $0.95 support against the US Dollar. The price is now trading above $0.90 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.890 the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could might attempt to recover towards the $0.95 and $0.98 resistance levels. EOS price is struggling below $0.95 against the US Dollar, similar to bitcoin. The price...

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