Ethereum edged closer to a key resistance level of $1,230 on Dec. 23, as markets continued to react to better than expected U.S. GDP data. Gross domestic product in the United States was revised higher to 3.2%, better than the 2.9% expected. Bitcoin mostly consolidated in today’s session, with prices trading near the $16,800 mark. Bitcoin Bitcoin (BTC) was once…
FTX, now in the hands of its new CEO John J. Ray III, is urging the bankruptcy court overseeing the exchange’s unwinding to freeze roughly $450 million in Robinhood shares. In a court filing, FTX argued that because there are so many creditors seeking ownership over these shares, “the asset should be frozen until this Court can resolve the issues…
Nonfungible token (NFT) marketplace OpenSea has been banning artists and collectors from Cuba, citing United States sanctions as the key reason behind its action. According to a report published by Artnet, 30 artists and collectors have been banned from the popular NFT marketplace until now. The most noted artist to face the axe includes well-known Havana-based artists Gabriel Guerra Bianchini…
Wrapped XRP (wXRP) is a crypto asset pegged to XRP (XRP) and can be used on blockchains other than Ripple’s native XRP Ledger. Ripple is a blockchain-based global payments system providing crypto solutions for businesses, and XRP is the native currency of the Ripple network. Identical in value, its wrapped version, wXRP, can be used in financial payments and settlements…
Barely a month after announcing the restricting of cash withdrawals to under $50 per week, the Central Bank of Nigeria said on Dec. 21 that individuals will be able to withdraw an equivalent of $1,120 per week starting on Jan. 9, 2023. The central bank said individuals and corporate organizations withdrawing amounts exceeding the new limits would be required to…
press release PRESS RELEASE. Sheikh Hamad Rakadh Salem Hamad Alameri, a well-known Sovereign Wealth Fund (SWF) member of the Royal Family in Abu Dhabi, United Arab Emirates, has officially become a MaskEX shareholder following the signing of a Memorandum of Understanding (MOU) to develop a smart city in Dubai, United Arab Emirates. Sheikh Hamad Rakadh Salem Hamad Alameri is a…
Embattled crypto exchange FTX asked for the assistance of a United States bankruptcy judge to prevent crypto lending firm BlockFi from claiming around $450 million worth of Robinhood shares purchased by its former CEO Sam Bankman-Fried. On Nov. 28, BlockFi filed a lawsuit demanding Emergent Fidelity Technologies, Bankman-Fried’s holding company, to turn over 56 million Robinhood Markets shares. The stocks…
The Peter Thiel-backed crypto exchange Bullish and special purpose acquisition company (SPAC) Far Peak Acquisition Corporation have mutually agreed to call off their planned merger. In July 2021, Far Peak and Bullish agreed to a merger that would see the crypto exchange publicly traded on the New York Stock Exchange (NYSE). A SPAC, otherwise known as a “blank check company,”…
President Jair Bolsonaro has approved law 14.478, which regulates cryptocurrency-related operations and virtual asset service providers (VASPs) in Brazil. The document, approved on the last day of the period allowed, will begin to be applied 180 days after its sanction. This will give all parties a period to adapt to compliance. Cryptocurrency Law Finally Sanctioned in Brazil Brazil has, at…
With Dogecoin jumping 5% over the past 24 hours, holders have another reason to celebrate this holiday season. DOGE is now trading at a little over $0.07 and enjoys a market capitalization of $10.7 billion, making it the market’s eighth-largest cryptocurrency. In ninth and tenth position, respectively, are Cardano (ADA) and Decrypt’s project of the year, Polygon (MATIC). The minor rise…
