Tag Archives: News

GoTo is the worst large tech IPO of 2022 after plunging for 10 consecutive sessions amid the global selloff.GoTo is the worst of the largest tech Initial Publis Offerings (IPO) this year, according to reports. The shares of the Indonesian startup plunged for 10 consecutive sessions as fears regarding an expiring lock-up heated up. GoTo’s post-IPO stock selloff makes it the worst-performing company among 11 internet and tech-inclined platforms that generated over $500 million in IPO listings...

In a recent interview, Brian Armstrong – the CEO of popular digital currency exchange Coinbase – commented that he “overestimated” bitcoin as a hedge against inflation, and he’s learning now – like so many other traders – that bitcoin is not yet ready or mature enough to handle the hard-hitting economic factors that the country has been facing over the last year and a half. Brian Armstrong Says He was Incorrect About Crypto In a podcast discussion, Armstrong commented: Frankly, I’ll admit,...

The acquisition of Active Replica will bring mutually beneficial growth to both firms.Web browser and internet development company, Mozilla Corporation has announced the acquisition of Active Replica, a Web3 and immersive experience developer. As Mozilla said in its announcement, the Active Replica startup will be joining its Hubs and will be contributing to the platform in a fundamental way.The financial transaction for the deal was not unveiled, however, the integration of Active Replica...

By leveraging this program, the firm will additionally try to develop white glove aid for people who need assistance in purchasing NFTs.Since Non-Fungible Tokens are on a roll in the blockchain space these days, many companies can be seen jumping on the NFT bandwagon and offering virtual collectibles as products. Crypto payments infrastructure company MoonPay is offering “soulbound” NFT loyalty program for its customers.Soulbound assets are non-transferable tokens depicting an individual’s...

Ye tweeted the swastika image inside a Star of David, which was later blocked by Twitter and got disapproval from Musk.Ye, formerly known as Kanye West, has violated another rule on Twitter, making Elon Musk suspend his account of millions of followers. According to Musk, the account was suspended because Ye broke the platform’s policy by inciting violence on his Twitter page. The popular artist posted an image of a swastika, a symbol synonymous with the Nazis, inside a star of David....

Once again, Bitcoin miners went significantly lower in terms of monthly revenue, raking in only about $472 million in November.Bitcoin (BTC) mining continues to prove unprofitable as monthly revenues keep going down from previous values. According to data studied by The Block Research, the month of November saw Bitcoin mining revenue dwindle by almost 20% from its October value to reach a two-year low of 472 million.Bitcoin Mining Revenue Suffered in November amid Various Market...

Embattled ex-FTX CEO Sam Bankman-Fried reflects on his ‘costly’ apathy for risk management during his time with the exchange. Sam Bankman-Fried recently stated that he did not devote time to risk management practices while helming fallen crypto exchange FTX. In a recent interview filmed in the Bahamas, where Bankman-Fried remains holed up, the disgraced former CEO reflects on what could have been.According to Sam Bankman-Fried, if he had devoted an hour a day to risk management, FTX might...

Both Ambit Finance and Binance Labs will work together on launching future DeFi apps with a focus on innovation, security, and risk control.Earlier today, December 2, crypto exchange Binance announced a strategic investment of up to $4.5 million in Ambit Finance. The investment will come through Binance Labs, a venture capital arm of Binance.The goal behind this investment is to provide a boost to decentralized finance (DeFi) applications on BNB Chain. As a result, Ambit and Binance Labs will...

While investigations are still ongoing, the case is rapidly developing. So far, the aBNBc token has lost over 99% of its value.DeFi protocol, Ankr, has reported a breach by a hacker that resulted in an unlimited minting of its token aBNBc. After minting six quadrillions of the token, the attacker exchanged 20 trillion aBNBc for BNB.On-chain analysis firm Lookonchain notes that the attacker then used a combination of Uniswap, Tornado Cash and several bridges to swap the BNB and get $5 million...

The CFTC chair accepted that he had conducted nearly 12 meetings with SBF in the last 14 months before bankruptcy. SBF was looking to secure a clearinghouse license for FTX subsidiary LedgerX.It’s not a new story that FTX‘s disgraced founder Sam Bankman-Fried was in close contact with US lawmakers. However, the latest report suggests that Bankman-Fried also met with some high-level officials at the US Commodities and Futures Trading Commission (CFTC) more than 10 times over the last 14...