2022-12-03
DeFi Global News

After FTX: Defi can go mainstream if it overcomes its flaws

The collapse of FTX and other centralized platforms in 2022 has pushed investors toward noncustodial platforms. The collapse of the now-bankrupt cryptocurrency exchange FTX has raised many concerns over unregulated centralized platforms.  Investors are now coming to question how safe it is to keep one’s funds on these exchanges and have voiced grave concerns about […]

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Global News NFTs

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

Despite the effects of the FTX debacle, many industry players remain positive and hopeful that NFTs will recover. In this week’s newsletter, read about how a nonfungible token (NFT) protocol was affected by the FTX collapse leading to layoffs. Despite the effects of the FTX collapse, industry players within the NFT space are still confident in the […]

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Global News NFTs

Bizarre $600K Elon Musk crypto statue marketing stunt falls flat

Elon Musk has not made any public comments regarding a bizarre $600,000 monument of him as a goat, which was delivered to the Tesla headquarters on the weekend. Tesla CEO Elon Musk has seemingly given the cold shoulder to a $600,000 monument of him in goat form —  which was created as part of a […]

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Business Global News

AAX exec leaves the crypto exchange amid ongoing operational halt

Former AAX executive Ben Caselin said that his role in the firm became hollow and that the trust in the brand is broken. Weeks after the AAX exchange started halting its withdrawals, its vice president for global marketing and communications announced that he has resigned from his role at the cryptocurrency exchange.  In a Twitter […]

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Business Global News

Line shuts down crypto exchange to focus on blockchain and LN token

The Japanese messaging giant will still continue to support its Line blockchain ecosystem and the Link token despite the ongoing industry challenges. The Japanese messaging giant Line has decided to shut down its cryptocurrency exchange business amid the ongoing crypto winter. Line-owned crypto exchange Bitfront officially announced on Nov. 27 a plan to completely close down the […]

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Blockchain Global News

Putin calls for blockchain-based international payment system

The Russian President criticized Western sanctions and urged for a system “independent of external interference.” Russian President Vladimir Putin criticized the monopoly in global financial payment systems and called for an independent and blockchain-based settlement network on Nov 24, speaking at the International AI Journey Conference in Moscow.  During the event organized by Sberbank, the largest Russian […]

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Blockchain Global News

FTX collapse put the Singapore government in a parliamentary hot seat

The opposition party MPs has questioned the credibility over its failure to protect retail investors from FTX collapse and had demanded data on the extent of losses incurred by the investors. The collapse of now-bankrupt cryptocurrency exchange FTX has put the Singapore prime minister and the ruling government in a hot seat. Prime minister Lee […]

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Blockchain Global News

How Web3 resolves fundamental problems in Web2

1.How is Web3 different from Web2 Web3 is a decentralized, permissionless and trustless ecosystem that transfers control from a centralized entity to a pool of participants. Web2, on the other hand, is a centralized space dominated by companies like Google, Microsoft and others. Web3 refers to the next generation of the internet that is decentralized, making […]

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Altcoin Global News

Bitcoin price consolidation has shifted traders to these 4 altcoins

DOGE, LTC, LINK and APE are showing signs of buying even as Bitcoin’s next directional move remains uncertain. Bitcoin BTC $16,202 has been trading in a tight range since Thanksgiving Nov. 24, as traders are uncertain about the next directional move. Usually, in a bear market, analysts tend to become uber-bearish and project targets that tend to scare […]

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Altcoin Global News

Dogecoin jumps after Elon Musk shares glimpse into Twitter 2.0 plans

Dogecoin investors continue to be hopeful that Musk’s vision for Twitter 2.0 will include some form of DOGE integration. Billionaire entrepreneur Elon Musk has confirmed that he intends on integrating payments into what he describes as Twitter 2.0 — “The Everything App” —  fuelling a short-lived 19.4% price surge for meme-inspired cryptocurrency Dogecoin (DOGE). The new […]

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