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,…
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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…
Vitalik Buterin Says Crypto Better Than Gold
Ethereum (ETH) co-founder Vitalik Buterin believes that crypto is a better asset to hold than gold, adding that it already has more adoption than a physical asset. Buterin made the comment in response to Zach Weinersmith’s remark that gold is…