Category: Cryptocurrency News

Nonfungible tokens will be found under a tab on creators’ Facebook timelines in a gradual rollout starting in the United States.

Court filings hint at authorities allowing Spagni to be in the United States for the Independence Day holiday weekend before being taken to South Africa early on Tuesday.

I'm working on a paper for university about the Ethereum virtual machine and specifically about network interoperability/migration. Part of the requirement for my assignment is to cite peer review research, I've located quite a few articles that have been published using Google scholar and IEEE database, etc. However, I was wondering if there's any specific…
Read more

Since 2018 I spent multiple thousands of hours on crypto and Bitcoin. I used to own a lot of altcoins back then (also ethereum) but sold them as I learned more about the Bitcoin Network. Please don't think of this post as a toxic Bitcoin maxi rant. I really want to hear your opinion on…
Read more

Venture capitalists tend to invest in companies with predominantly white male leadership, while women and people of color “remain in the waiting room,” according to Stephen Lynch.

Poor risk management, insufficient revenue and the overuse of leverage are the core reasons why DeFi is crumbling.

According to the Bloomberg, the culprit behind one of the biggest hacks this year, more than 100 million worth Harmony bridge exploit, is the Lazarus Group. Lazarua Group is a known North Korean hacking group which has been involved a a lot of hacks in the last few years. Harmony which got a lot of…
Read more

BlockFi, Celsius, Nexo, and more: tough times can lead to difficult measures, and this year’s bear market is showing no exception to some of these players. Look no further than the current state of affairs for centralized finance (CeFi) platforms, who have been facing substantial headwinds with no end in sight. Now, after days of rumors and reported exploratory deals, reports have emerged that powerhouse crypto exchange FTX is putting together the final ties around an acquisition deal of BlockFi at just a $25M valuation. The news comes after reports emerged that FTX passed on an acquisition deal for Celsius after seeing the CeFi firm’s balance sheet. BlockFi On The Block Should the purchase come to fruition at the reported valuation, it’ll be a major hit for BlockFi equity holders, following a nearly $5B valuation last year in the midst of bull market movement. However, that $25M number could move drastically between today’s reports and closing time – and a successful acquisition will of course take months to close. BlockFi CEO Zac Prince described the number as “market rumors” and outright denied the number, stating in a tweet that “we aren’t being sold for $25M.” FTX is on the shortlist of exchanges that have sought out opportunity in the midst of crypto market downturn, exploring buyouts or equity share purchases for both Celsius and BlockFi in recent weeks, according to a variety of reports. However, based on the hard facts available to the public, the viability and likelihood of a buyout for BlockFi is still difficult to measure. Celsius (CEL) has faced an uphill battle as the platform has still paused withdrawals for customers. | Source: CEL-USD on TradingView.com Related Reading | Ethereum Loses Steam As Exchange Supply Spikes State Of CeFi: Pulse Check How did we get here? Bear market downturn over the past month or two has caused major pain for CeFi platforms, in a flurry of madness that started with Celsius freezing withdrawals earlier this month amid worries of a bank run and lack of immediate liquidity within the platform’s holdings. BlockFi has undoubtedly faced the heat, too, as FTX provided the firm with a $250M emergency line of credit just last week. While reports across the market suggest that BlockFi has several options on the table, it seems that few will lead down a path that spares equity shareholders of value at present time. Nexo has largely stayed quiet during the chaos, but there’s various internet sleuths who have targeted Nexo with content campaigns around the company’s practices as well. Regardless of how you feel about CeFi, the decline of infrastructure in this bear market shouldn’t be celebrated – we’ll see how it all shakes out when the tides recover. Related Reading | USDC Exchange Reserves Rise As Investors Escape From Bitcoin Featured image from Pixabay, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

I've been learning solidity and smart contracts for a week and today I found out that I can create an nft just by using opensea and deploy it and set the creator fee with zero coding involved. My question is that why should you write smart contracts when you can easily create an nft using…
Read more

The U.S. government agency is reportedly using Coinbase Tracer to access customers’ historical geo-tracking data and transactions on over a dozen cryptocurrencies.