Binance has joined the Chamber of Digital Commerce, a United States crypto industry lobbying group, according to a Dec. 20 press release from the exchange. The move comes after Binance has been criticized for allegedly being unregulated. Binance’s vice president of public affairs Joanne Kubba expressed hope that the partnership would help lead to clear regulations for the crypto industry…
Binance is stepping up its regulatory efforts in the United States. Today, the world’s largest cryptocurrency exchange by trading volume announced that it has joined the Chamber of Digital Commerce, an American lobbying group, to “help establish policies that benefit and protect users.” In joining the group’s Executive Committee, Binance said that it would work to “educate, advocate, and bring…
Despite FTX’s collapse last month, the trading platform’s crypto token FTT had managed to not plummet all the way down to zero, and surprisingly it hovered below the $2 per unit region after Nov. 12, 2022. For 38 days FTT remained above the $1 per unit area up until Dec. 19, as the token suddenly crashed below the $1 region…
Cryptocurrency trading firm Auros Global, which reportedly suffered a $20 million dollar exposure in the FTX collapse, has released a statement saying it plans to resume regular operations after implementing a restructuring plan. Statement from Auros regarding recent references in the media – pic.twitter.com/9RFHhYjHqz — Auros (@Auros_global) December 20, 2022 Following the collapse of FTX, the cryptocurrency trading firm shared…
In brief Donald Trump’s NFT collection is losing value as sales fall following a brief spike over the weekend. Trading volume fell 57% from Sunday to Monday, while the floor price for the NFTs has dropped 74% since the Saturday peak. Donald Trump’s first official NFT collection was the talk of the crypto world late last week, captivating Twitter and…
It’s been a tough year for crypto, and venture capital activity confirms it. The collapse of FTX in November was the latest and most shocking in a series of closures of key market players this year — including Celsius, Voyager and BlockFi — that have shaken investor sentiment and wiped out $1.5 trillion in market capitalization from cryptocurrency space. Blockchain…
Litecoin snapped a recent bear run on Tuesday, as cryptocurrency prices moved marginally higher. The token was up by nearly 3% in today’s session, ending a six-day losing streak in the process. Chainlink was also in the green, as it rebounded from a key support point. Litecoin (LTC) Litecoin (LTC) snapped a six-day losing streak on Tuesday, as prices rose…
Developers behind popular video games such as Far Cry and Diablo Immortal are making use of blockchain technology to build a new Web3 MMORPG. Independent gaming developer Metaverse Game Studios, which boasts a host of developers that have worked on various AAA titles, has announced a partnership with Web3 development platform ImmutableX to continue building Angelic. The upcoming title is…
Another crypto miner may be teetering towards bankruptcy. Bitcoin miner Greenidge announced that there is “substantial doubt” about its capacity to continue as a business, saying that its Board of Directors has actively discussed the possibility of voluntary bankruptcy. “There remains uncertainty regarding Greenidge’s financial condition and substantial doubt about its ability to continue as a going concern,” the statement…
The Japanese yen is up 3.42% against the U.S. dollar on Tuesday as the Bank of Japan surprised the world by deciding to allow the benchmark interest rate to rise to 0.5% from 0.25%. The Japanese central bank was one of the only banks worldwide to hold off on raising benchmark interest rates, as policymakers have kept the government bond…
