A glimpse of Cryptoverse DEX, and a brief accounting
Some staunch believers claim that doubling down on DEX is the solution as the crypto fortress crumbles. Specifically, decentralised exchanges.Since Sam Bankman-FTX, Fried’s significant centralised crypto exchange, abruptly collapsed, conventional bankers and investors, have been calling for increased regulation.On the other hand, some cryptocurrency players are emulating the original crypto vision of Satoshi Nakamoto, the […]
FTX invested $300 million in Bahamas property as “personal fiefdom”
Sam Bankman-Fried ran the troubled cryptocurrency exchange FTX as a “personal fiefdom,” according to the firm’s attorneys, who claimed that one of the company’s divisions expended $300 million on Bahamas property investment.An estimate 1 million creditors are now facing damages totalling billions of dollars as a result of the failure of FTX, long one of […]
Bahamas investigators are looking into the FTX collapse
Authorities in the Bahamas are looking into the FTX collapse to see if any illegal activity took place, according to a statement from the Royal Bahamas Police on Sunday.One of the most high-profile cryptocurrency meltdowns, FTX filed for bankruptcy on Friday after traders rushed to remove $6 billion off the platform in only 72 hours […]
Morning Bid: Crypto a disaster, Congress looking different ways
U.S. stock futures were in the dark spot ahead of Wednesday’s beginning following a choppy trading session on Wall Street on Tuesday, which was partially caused by the most recent collapse in the cryptocurrency world. Treasury yields and the dollar both strengthened.A legislative deadlock for the foreseeable future had already been priced in, depressing the […]
Cryptocurrencies drop after FTX-Binance dispute worries investors
Despite preparations for a rescue offer from bigger rival Binance, cryptocurrencies experienced a second day of steep falls on Wednesday as investors remained concerned about the viability of the industry and the financial state of major exchange FTX.To address a “liquidity bottleneck” at the competing exchange, cryptocurrency giant Binance reached a non-binding deal on Tuesday […]
Investors caught off guard as Bank of Canada’s inflation indicator fails
Even while the Bank of Canada claimed it was sticking with its core measures, substantial and frequent changes have damaged the credibility of a fundamental yardstick, forcing Canadian economists to search for a reliable method to track underlying inflation.The CPI-common, CPI-trim, and CPI-median are the three core inflation indicators that the Bank of Canada prefers. […]
Stock and Crypto CFD Are Now Available for Trading on Fullerton Markets’ MT5 Platform
Fullerton Markets has recently added stock and crypto CFD on MT5 for the convenience of traders who prefer to use the platform. These instruments were previously available only on MT4 but are now readily tradable on the MT5 platform. Given the more robust features of MT5, more traders would prefer to use the new and […]
Binance registers with Italy’s regulator amid plans to expand in Europe
Binance said that its legal entity in Italy had registered with the regulator in the country. This is because the major cryptocurrency exchange seeks to gain traction in Europe. The registration of Binance Italy, which was established in recent months. This could potentially make the company more accountable and reduce the prospects for money laundering. […]
There is nothing left before Blockchain Fest in Singapore
Date – 2-3 June, 2022 Venue – Marina Bay Sands, Singapore Official website – https://blockchain-fest.asia The two-day conference will be held at Marina Bay Sands, Singapore’s most iconic hotel for the largest rooftop Infinity Pool and a wide range of shopping&entertainment, with approximately 1000 participants coming to visit the crypto event of the year – […]
Investors in India’s Paytm have no access to payments bank data
Investors in India’s Paytm do not have access to customer data of its payments bank, CEO Vijay Shekhar Sharma said in an interview. This seems to be seeking to allay concerns over reports of user data being leaked to Chinese firms. Paytm is backed by China’s Alibaba Group Holding and its affiliate Ant Group. The Reserve Bank […]