Cryptocurrency

Amber Group Denies Insolvency Allegations

There may still be a spread of FTX’s collapse contagion. The crypto trading and asset management company Amber Group, according to on-chain expert Lookonchain, appears to be on the verge of bankruptcy. Only $11.1M In Assets Amber boasts on its…

crypto adoption

Binance Now Has a Secure Foothold of the Japanese Market

Binance, the world’s largest and most recognized cryptocurrency exchange, entered the Japanese market by buying the regulated Sakura Exchange Bitcoin Co., Ltd. (SEBC). SEBC, a Japan Financial Service Agency (JFSA) regulated company, is now 100% owned by Binance The acquisition,…

Cryptocurrency

FTX Founder to Appear In Congress After Congresswoman Maxine Water’s Request

The founder of FTX has said he will eventually testify before a congressional panel looking into his business. Financial Services Committee Hearing Sam Bankman-Fried responded to Rep. Maxine Waters’ request to come before the House Financial Services Committee on December…

Cryptocurrency

The FTX Collapse And How Affected the Web3 Gaming Ecosystem

The FTX collapse had an effect on the entire crypto industry, but given the connections between Solana and FTX, Web3 gaming may have felt it the most. While some say GameFi depends on centralization to draw Web2 gamers, others predict…

Crypto Exchange

KuCoin Agrees Partnership With Major Audit Firm to Enhance Proof Of Reserves Exercise

Popular Cryptocurrency exchange KuCoin has said that it will be working with the Mazars Group, a multinational audit, tax, and consultancy firm (MG). Proof Of Reserves Report Coming Soon In order to increase transparency and evaluate the exchange’s holdings of…

Cryptocurrency

Gemini Exchange Aims to Recoup $900M From Crypto Lender Genesis After FTX Collapse

Cryptocurrency exchange Gemini is attempting to recoup the $900 million it loaned to cryptocurrency broker Genesis and its parent company Digital Currency Group (DCG). Effects Of FTX Collapse The Financial Times reported that the Winklevoss twins’ cryptocurrency exchange is attempting…

Cryptocurrency

Opera Crypto Browser Introduces Instant NFT Minting With Alteon Launchpad

Susie Batt, a senior executive at Opera, said that the tool will be free from platform usage costs and give users the freedom to explore the NFT market. Alteon Partnership Sealed In a press release, the company announced a partnership…

Cryptocurrency

NFTs Are Now Being Used For Issuing Court Summons

NFTs are being used to serve digital summons as part of the court system’s adoption of blockchain technology. First NFT Court Summon In Italy A former employee and a contractor have received court summons from RBB Lab, a technological development…

Cryptocurrency

Israel’s Top Economist Suggests Broad Regulations For Digital Assets.

The Chief Economist of the Israeli Ministry of Finance, Shira Greenberg, has filed a paper with suggestions for the country’s regulation of digital assets. Greenberg’s Top Priority On November 28, a 109-page report was released, and it seemed to catch…

Cryptocurrency

Mozilla Firefox Goes All In On the Metaverse Acquires Active Replica

Mozilla, a browser and legacy web developer, said that it had acquired Active Replica as part of its Hubs creative ecosystem to improve digital experiences. Buying Into Immersive Experiences Mozilla, a web development company well known for its web browser…