Tag Archives: social

The cryptocurrency exchange FTX inked a long-term partnership with the renowned tennis player Naomi Osaka. Over the course of the collaboration, the Japanese will serve as a global ambassador of the trading venue. She will also receive an equity stake in FTX Trading Limited and compensation in digital assets. Inspiring More Women to Enter the Crypto Realm According to a recent press release, Osaka’s primary focus will be on bringing females onto FTX’s platform and introducing...

Sophie Gilder – Head of Blockchain and Digital Assets at Commonwealth Bank of Australia (CBA) – revealed that the financial institution could start offering more cryptocurrency services to clients. She further disclosed that the organization seeks to double the size of its blockchain team in the months to come. ‘Crypto is Here to Stay’ Australia has been gradually expanding its presence in the cryptocurrency universe in recent months. At the end of 2021, the nation’s biggest...

Following the launch of Russia’s “special military operation” against Ukraine, which turned out to be an all-out war, NATO, the EU, and other countries decided to take a different approach and impose sanctions against Russia’s leaders and its economy instead of getting directly involved in the conflict. But it wasn’t just governments that went in that direction, as many companies did the same by halting services to Russian-based customers. They received some perhaps...

Ethereum has officially burned more than two million ETH via the EIP-1559 upgrade implemented last year. The biggest on-chain gas burner on the Ethereum network is the leading NFT marketplace OpenSea, followed by ETH transfers. Other gas guzzlers include Uniswap, StrongBlock, Tether, etc. Ethereum Burning According to the latest stats in Watch the Burn, the Ethereum network has destroyed over 2 million ETH, meaning nearly $6 billion were removed from circulation of the...

The cryptocurrency exchange – FTX – has established an Australian branch called FTX Australia Pty Ltd. The Aussie arm of the trading venue will offer OTC digital asset products and services, as well as derivatives. FTX Sets up a Division in Australia According to a recent press release, the new subsidiary of the exchange will be headquartered in Australia’s financial heart – Sydney. FTX Australia received regulatory approval from the local watchdogs and will offer numerous...

Li Finance (LiFi) became the latest victim of cyber-attackers, with nearly $600,000 worth of cryptocurrencies stolen from 29 wallets. Shortly after, the team published a post explaining the issue and promised to reimburse all affected users. LiFi Falls Victim to a DeFi Hack The blockchain protocol explained that the attack occurred on March 20, 2022, when a hacker exploited LiFi’s smart contract (specifically its swapping feature), making users who gave infinite approval...

Qatar’s central bank plans to digitalize most of its products, including studying and potentially developing and launching a CBDC. One of the other directives from the institution involves issuing digital bank licenses. Qatar Enters the CBDC Race Speaking to The Peninsula at the 8th Doha Islamic Finance Conference, QCB’s Head of FinTech – Alanood Abdullah Al Muftah – outlined the organization’s new and digitalized direction. The bank has begun exploring various initiatives...

Jim Chanos, president and founder of Kynikos Associates, believes Coinbase (COIN) stocks are highly overpriced. As such, his NYC-registered investment entity has decided to short them, even though their value has declined by 50% since November. Ever since Coinbase became the largest cryptocurrency exchange to go live on Nasdaq as a publicly-traded company in April last year, the stock price movements have been largely affected by bitcoin and the rest of the market. As such,...

Democratic Senator Elizabeth Warren is seldom reserved with her distaste for the crypto industry. Name any common criticism of Bitcoin, and she’s probably shared it already: volatility issues, environmental damage, ‘shadowy super coders’, and what have you. I won’t claim that her criticisms are entirely invalid (though I’ll cover those later), but they’ve become predictable to the point of comedy. Her reputation in the crypto community has entered the ranks of people like...

The count of citizens leaving their homeland in Ukraine because of the ongoing war with Russia continues to increase. Estimates from various sources put the number anywhere between 2.5 and 4 million. Data from CBS News points at roughly 3 million people leaving Ukraine. Another report hints that Portugal is shaping as a preferred destination for a range of reasons, one of which being the crypto-friendly policies of the country. Ukrainians Seeking Refuge in Portugal A recent...