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Aave proposes governance changes after failed $60M short attack

November 23, 2022 by

The exploit failed due to a miscalculation of Aave’s liquidity levels.

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Industry confident in NFTs amid FTX collapse: Nifty Newsletter, Nov. 16–22

November 23, 2022 by

Despite the effects of the FTX debacle, many industry players remain positive and hopeful that NFTs will recover.

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Here’s why $16.5K is critical for November’s $1.14B Bitcoin options expiry

November 23, 2022 by

BTC bulls were liquidated during the drop to $15,500 on Nov. 21, and more downside could occur if bears profit $245 million during Friday’s expiry.

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US lawmakers ask DOJ hold FTX execs accountable ‘to the fullest extent of the law’

November 23, 2022 by

“The fall of FTX was not simply a result of sloppy business and management practices, but rather appears to have been caused by intentional and fraudulent tactics,” said the letter.

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Blockchain-based infrastructure forges the future for carbon markets, crypto and commodities

November 23, 2022 by

Rising from the ashes of old crypto exchanges, a new paradigm arises.

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Sam Bankman-Fried is ‘deeply sorry’ for collapse in letter to FTX team

November 23, 2022 by

The former CEO described his role in the exchange’s downfall as a failure in oversight, saying he should have been “more skeptical of large margin positions.”

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Blockchain VC funding halves in October despite some strong raises

November 23, 2022 by

VC funding continues to decline, but Uniswap bucks the trend by drumming up $165 million in a Series B round.

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Chinese VC loses $42M in crypto due to compromised mnemonic seed phrase

November 23, 2022 by

Bo Shen previously suffered another devastating hack to his personal wallet in 2016.

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BTC price holds $16K as analyst says Bitcoin fundamentals ‘unchanged’

November 23, 2022 by

Bitcoin sentiment is the worst one analyst has ever seen as BTC price action holds its own into Thanksgiving.

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Cointelegraph Historical Collection private sale is now live

November 23, 2022 by

Crypto fans can immortalize cryptocurrency history via Cointelegraph’s digital collectibles, with the full launch coming on Dec. 1.

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Tether vs. USD Coin on-chain data reveals two very different stablecoins

November 23, 2022 by

The market cap of Tether dropped amid the FTX fiasco while USD Coin supply increased by $2 billion.

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DeFi protocol raises $10M from Bitfinex, Ava Labs despite turbulent market

November 23, 2022 by

The prolonged market volatility has not stopped investors from backing a new protocol that merges DeFi and the foreign exchange market.

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Bank of Japan to trial digital yen with three megabanks

November 23, 2022 by

The Japanese central bank plans to make a decision on whether to issue a digital currency by 2026.

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Crypto awakening: Researcher explains ETH exodus from exchanges

November 23, 2022 by

On-chain analytics show that ETH and stablecoins have been flowing out of centralized exchanges in the aftermath of FTX’s collapse.

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Bukele’s government introduced a bill to launch the ‘Bitcoin bonds’

November 23, 2022 by

A new bill confirms the government’s plan to raise $1 billion and invest them into the construction of a “Bitcoin city.”

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Bitcoin may need $1B more on-chain losses before new BTC price bottom

November 23, 2022 by

BTC price losses are not yet bad enough to rival previous Bitcoin bear market troughs, data suggests.

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US Sen. Elizabeth Warren says crypto will ruin economy —community responds

November 23, 2022 by

Elizabeth Warren’s WSJ op-ed, which correlated the fall of the FTX crypto exchange to crypto ruining the entire economy, did not go unnoticed by the online crypto community.

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Central banks can use Bitcoin to fight off sanctions: Harvard research

November 23, 2022 by

Matthew Ferranti, a Ph.D. candidate at Harvard, pointed out that Bitcoin is an optimal alternative hedging asset for central banks.

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New York AG pushes prohibition of crypto purchases via retirement funds

November 23, 2022 by

The NYAG clarified that digital assets differ from blockchain technology, and it has no issues with citizens purchasing stakes in publicly traded blockchain-based businesses in retirement accounts.

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New York governor signs PoW mining moratorium into law

November 23, 2022 by

Governor Kathy Hochul signed the PoW moratorium bill into law on Nov. 22, nearly four months after the bill was approved by the state senate.

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FTX collapse triggers second thoughts on Busan City’s crypto exchange plans

November 23, 2022 by

The Busan city administration has signed agreements with multiple crypto firms, including Binance, Huobi Global, Crypto.com, as well as the troubled FTX exchange.

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Cybercrooks to ditch BTC as regulation and tracking improves: Kaspersky

November 23, 2022 by

The cybersecurity firm predicted that crypto-related cybercrime won’t slow down in 2023, but it will move on from Bitcoin as a source of payment.

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‘Metaverse’ a top 3 contender for Oxford’s Word of the Year

November 23, 2022 by

Oxford University has opened public voting for the first time with polls set to close on Dec. 2.

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Institutional investors are buying through crypto winter: Survey

November 23, 2022 by

Institutional investors continue to see the long-term potential of crypto and have been loading their bags throughout the year, according to a survey.

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Genesis calls in restructuring expert in its fight to avoid bankruptcy

November 23, 2022 by

It is understood Moelis & Company has been brought on to help the troubled lending firm explore all possible options.

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Argentina’s fan token sinks 31% after World Cup loss against Saudi Arabia

November 23, 2022 by

The price of soccer fan tokens, designed for fan engagement, is seemingly impacted by the on-field performance of teams.

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Core Scientific in ‘substantial doubt’ of continuing without more cash

November 23, 2022 by

The Bitcoin miner warned its cash reserves may be depleted by the end of 2022 or sooner as it cuts back on spending, including not making loan repayments.

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Crypto Twitter reacts to Binance CEO’s deleted tweet about Coinbase’s Bitcoin Holdings

November 22, 2022 by

Coinbase CEO Brian Armstrong indirectly addressed CZ’s tweets as “FUD.”

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Bitpanda secures crypto licence in Germany, claims to be the first “European retail” crypto investment platform to do so

November 22, 2022 by

The other licensees included three European institutional investment platforms and one U.S.-based retail platform.

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Approving a spot crypto ETF is ‘all about political power’ — Perianne Boring

November 22, 2022 by

According to the Chamber of Digital Commerce CEO, passing any kind of legislation — including bills on crypto and blockchain — will be “incredibly difficult” in a divided government.

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