Summary: Yesterday, Binance CEO Changpeng Zhao revealed that the exchange intends to liquidate its FTT holdings. Putting the solvency of FTX in doubt, sellers have rampaged the FTT market in the last 24 hours. Daily trading volume was at a six-month high without a corresponding price growth. Following Binance CEO...
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According to the Wall Street Journal, Mark Zuckerberg’s company, Meta, may soon initiate mass layoffs this week. The report further explains how thousands of Meta employees may soon be sacked, as early as the second week of November. Meta May Reportedly Lay Off Thousands Of Its Employees Meta, the parent...
Binance CEO Changpeng Zhao took to Twitter earlier today to announce that his exchange will be getting rid of its FTX Token (FTT) holdings. The announcement comes after days of speculation and FUD about FTT. As for the timeline of this sale, CZ stated that it will be spread out...
Summary: On 5 November, BNB clinched a new all-time high in its social contributors, social mentions, and social engagements. The rally in social activity is connected to its price rally in the last month. While the price might be up now, there are signs that a price reversal might be...
As hyperinflation grips Lebanon, the locals have turned towards decentralised mechanisms like cryptocurrencies to sustain their livelihood in the long run. Lebanese citizens have started accepting digital crypto payments, which have now become an integral part of their day-to-day lives. Lebanese Locals Warms Up To Crypto Lebanese citizens, according to...
Sol prices are up 16% at press time as Google Cloud took to Twitter to announce a new block-producing solana validator. The platform has also launched Blockchain Node Engine, a service that helps” Web3 developers build and deploy new products on blockchain-based platforms.” Solana x Google Cloud Speculations are rife...
Solana’s widely anticipated Solana Saga phone has announced its partnership with newly launched Helium wireless carrier services. The said collaboration will permit Solana Saga phones to access Helium’s seamless wireless carrier services, which will offer unlimited calling and messaging to users for up to 30 days. Helium Network x Solana...
Summary: MATIC’s price has gone up by 33% in the last month. Since Polygon announced that Meta had selected them for minting digital collectibles, MATIC has seen a surge in on-chain activity. A price/network growth divergence, usually followed by a price retracement, might be underway. Following the confirmation of tech...
Despite being embroiled in an array of legal allegations and accusations, Luna crypto founder Do Kwon is defiantly protecting himself, which may later land him in additional trouble. South Korean prosecutors have shared new details about Terraform Labs’ founder, Do Kwon. Per the latest report by Bloomberg, Terra’s crypto founder...
P2E gaming platform Gala Games is experiencing a fallout from some community members over a recent security incident. Reports have emerged that hackers made off with over $4 million in GALA. Holders are also seeing a massive drop in their GALA holdings, with little information as to what exactly is...
NFT analytics firm DappRadar has documented an increase of 18% in monthly unique NFT traders. The report further stated that despite the visible decline in NFT trading volumes and sales throughout October, the unique NFT trader count has risen consistently. NFTs Are Still In Great Demand: DappRadar A recent report...
Coinbase revealed in it's Q3 earnings call that net revenue has decline d by more than 28% QoQ. Missing its revenue estimates has costed the exchange more than 4% of its share price.