December 17, 2022

Shiba Inu (SHIB) falls despite increasing burn rate and large transactions

Shiba Inu (SHIB) falls despite increasing burn rate and large transactions

The cryptocurrency sector continues to suffer the protracted aftermath of the collapse of FTX, once one of the largest cryptocurrency exchanges in the world, and meme token Shiba Inu (SHIB) is no exception despite recent positive developments, Shiba Inu was trading at $0.000008861 at press time and is down 4.39 over the past 24 hours, …

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Sam Bankman-Fried Still Thinks He’s a Good Businessman

Sam Bankman-Fried Still Thinks He’s a Good Businessman

Sam Bankman-Fried still considers himself a good businessman despite his mismanagement that devastated the entire crypto ecosystem. In an interview with the BBC from a luxury apartment somewhere in the Bahamas, Bankman-Fried outlined what appears to be her main legal defense: blanket denial. “I have not intentionally committed fraud, and I do not think I …

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Incoming Web3 CFOs Say They’re Overwhelmed by Steep Learning Curve

Incoming Web3 CFOs Say They’re Overwhelmed by Steep Learning Curve

It can be challenging for experienced CFOs in traditional industries to leap Web3. According to a report published Monday by Request Finance, the clear majority lack internal support when it comes to the necessary crypto training at Web3 and has more than three years of experience in a finance or accounting role. But 63% of …

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Ethereum Classic: This metric could be a game changer for ETC and its investors

Ethereum Classic: This metric could be a game changer for ETC and its investors

Ethereum Classic is seeing a sharp drop in market cap, indicating increased selling pressure. ETC investor sentiment is turning and favoring the coin at the time of writing. Ethereum Classic [ETC] retested its short-term descending resistance line last week. The price delivered a sideways performance rather than a bearish pullback or a bullish breakout. Fast …

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Blockchain-free decentralization platform Nillion raises  million

Blockchain-free decentralization platform Nillion raises $20 million

Million, which raised $20 million, aims to decentralize data transfers and storage through novel mathematical applications without using blockchain. Distributed Global led the funding round with additional participation from Big Brain Holdings, Chapter One, Hash key, and over 150 others. Million, a startup building a blockchain-free decentralization platform, has raised $20 million in seed capital. …

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Bitcoin whales show accumulation restraint: What does it mean for BTC?

Bitcoin whales show accumulation restraint: What does it mean for BTC?

Bitcoin [BTC] whales’ holding and spending behaviors are set on opposite sides, CryptoQuant data revealed. According to the all-encompassing crypto trading data provider, the whales have been actively selling. Interestingly, the action dates to June 2022 and resulted in the dumping of 367,000 BTC. The structure of this position often has a typical effect on …

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Ripple sees promise in carbon credit and gaming NFTs despite the market downturn

Ripple sees promise in carbon credit and gaming NFTs despite the market downturn

While Ripple CTO David Schwartz says he’s still more interested in payments, he’s also interested in carbon credits and gaming NFTs. “There are people who pay people to do stupid things… You have to be smart,” Schwartz said, commenting on the dispersal of funds from Ripple’s $250 million creator fund. While Ripple CTO David Schwartz …

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Ripple and SEC Collectively Ask Court to Set Key Date as XRP Lawsuit Enters Critical Phase

Ripple and SEC Collectively Ask Court to Set Key Date as XRP Lawsuit Enters Critical Phase

In the lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs, both parties jointly requested a deadline for sealing information in the case. U.S. District Judge Analisa Torres is being asked to give non-partisans until January 4, 2023, to file seal arguments before the summary judgment verdict, according to a request from …

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DeFi Sector Warms Under Crypto Winter Sun

DeFi Sector Warms Under Crypto Winter Sun

The “crypto dominos” are crashing, sending shockwaves across the entire landscape, including decentralized finance, a senior European Central Bank official said during a keynote address on Wednesday. Board member and crypto skeptic Fabio Panetta’s statement, particularly in the decentralized finance (DeFi) space, only tells half the story. While cryptocurrencies have experienced a series of “painful …

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Crypto Miners Mulling Options as Downturn Weighs Heavily

Crypto Miners Mulling Options as Downturn Weighs Heavily

Certain crypto miners preserve to are looking for survival after revealing economic struggles in current months; at the same time, others stay higher located than opponents to keep expanding. Marathon Digital CEO Fred Thiel instructed Blockworks in an electronic mail that the agency is comparing whether it can purchase property from Compute North, a crypto …

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