Gemini Earn Affected As Genesis Crypto Lending Unit Halts Withdrawals

Following the collapse of FTX, the lending division of cryptocurrency investment bank Genesis Global Trading has temporarily stopped accepting redemptions and initiating new loans, Interim CEO Derar Islim informed customers in a call on Wednesday. According to the company’s website,…

Helium’s Move to Solana should have been more Democratized, Algorand’s bid didn’t stand a chance

On August 30th, 2022, Helium announced plans to move its network to Solana. The move was meant to increase operational efficiency and take advantage of Solana’s excellent development tools, applications, and features. Ostensibly, Solana could facilitate better data flow, management,…

Canada’s third-largest Pension Fund Invested $200 Million In Troubled FTX

The FTX debacle may result in significant losses for Canada’s third-largest pension system. The Ontario Teachers’ Pension Plan was one of the few investors who took part in the $400 million Series C investment round that FTX held in January.…

Billionaire Tim Draper Gives Bitcoin 5 Years To Achieve Global Adoption

Tim Draper, a billionaire venture capitalist, believes that the acceptance of Bitcoin (BTC) is progressing very well on a global scale.  100 Million Bitcoin Wallets And Counting Draper described Bitcoin reaching 100 million wallets as an “amazing” accomplishment in a…

SEC Goes After Trade Coin Promoters Alleging $295 Million Scam

The founder and three U.S. promoters of Trade Coin Club were charged by the Securities and Exchange Commission with operating a Ponzi scheme that raised 82,000 bitcoins, worth $295 million in 2018, from investors throughout the world. Charges against four…

Vitalik Buterin: Musk Could Be “Great” Or “Terrible” For Twitter

More Twitter Inc. competitors may emerge as a result of efforts to improve the social media experience, according to Vitalik Buterin, co-founder of the Ethereum blockchain. A New Twitter In 5 Years? Speaking on Thursday at the Singapore FinTech Festival,…

Polygon Surges 10% After Instagram Integration Announcement

Instagram users will now be able to mint NFTs on the Polygon (MATIC) blockchain and sell them on social media thanks to a new end-to-end toolbox from Meta. With a gain of over 10% to $0.95 as a result of…

Web 3 platform SWALLOW Brings Tattoos to the Metaverse

Enjinstarter, a blockchain-based game, and entertainment launchpad have officially launched SWALLOW, a Web3 platform. Coolest Tattoo Artists Now In the Metaverse The SWALLOW team published a press statement stating the initiative’s goal was to bring the tattoo community—including the best…

Mexican Businessman Launches Mall In Metaverse

Visits to retail malls in the metaverse provide a number of advantages. They can accommodate as many shops as the designers and builders can imagine, which is one advantage. This objective inspired a Mexican businessman to build Island Shopping Mall,…

Interpol: Metaverse Could Spark New Levels Of Cybercrime

Global police organization Interpol stated that it was ready for the possibility that online immersive environments, or the “metaverse,” could both invent new types of criminality and enable existing crime to be committed on a greater scale. According to Madan…