After signing a non-binding agreement to buy FTX yesterday, reports show that the Binance network has walked out of the deal. Reports show that a Binance exchange representative issued a public statement noting that FTX’s problems are too huge for Binance to help.  

Binance cites ciscoveries made during due diligence 

The statement said in part; 

“Our hope was to be able to support FTX’s customers to provide liquidity, but the issues are beyond our control or ability to help.” 

WSJ reported

Sorare NFT has announced the appointment of Lionel Messi as a brand ambassador. The alliance is part of Sorare’s strategic plan to expand its services in the crypto space.

Messi joins Sorare

Sorare NFT platform appointed Lionel Messi as a Brand ambassador for the platform. The move is part of Sorare’s marketing strategy to expand its fantasy football services to football fanatics. The platform chose Lionel Messi since the football star is one of the greatest players in the history of football.

According to recent reports, Celsius network recently applied to a New York bankruptcy judge to keep custody of their customers’ accounts. Celsius network claims to have full custody over all wallets and the funds therein. However, the account holders maintain that the troubled lender should return custody to account holders.

Celsius want account custody 

Reports also indicate that the Celsius network claims that the assets in the withhold and custody accounts are part of their property and es

In the face of alarming BNB Volatility, Binance has topped up its emergency Insurance Fund ‘SAFU’ with over $700 million to safeguard its funds.

Binance tops up SAFU fund

The world’s largest cryptocurrency exchange platform, Binance, has topped up its Secure Asset Fund for Users (SAFU) to an equivalent of $1 billion worth of various cryptocurrencies in response to increased market volatility. The platform’s new move was announced by its founder via a tweet earlier today, November 9, 2022.

Acc

Sam Bankman-Fried has fallen out of the top one hundred wealthiest individuals on the planet after seeing his over $16 billion fortune fall in a couple of hours as FTX’s collapse seems imminent.

SBF companies’ price tags before the collapse

This was triggered by a Tweet from CZ, stating that Binance would opt out of their agreement, causing SBF to lose about $14 billion in a single day. Since Tuesday, when FTX was compelled to turn to Changpeng Zhao’s rival firm Binance for assistance owing to

ConsenSys, a provider of blockchain software technology, has added a new feature to the MetaMask wallet as part of its ongoing efforts to increase blockchain interoperability. However, according to a MetaMask executive, Bitcoin integration is not currently planned for blockchain bridge support via MetaMask Bridges.

According to a tweet from the firm, as of Nov. 9, Metamask users may now connect to several blockchain networks with MetaMask Bridges, which collects many blockchain bridges in one l

ASIC releases a list of the top 10 Ways to identify a crypto Scam as part of Australia’s 2022 Scam Awareness Week.

Crypto scam at an all-Time high in Australia, ASIC advises citizens

Australia’s market regulator ASIC has released a list of the “top-10 ways to spot a crypto scam” amid a detected rise in crypto-related investment scams this year.

The Australian Securities and Investment Commission’s (ASIC) public advisory statement was published as part of Scams Awareness Week 2022, an initiati

Sequel to Binance’s liquidation announcement of its FTX tokens, CZ and Jeff Garzik lends their wisdom to the crypto world.

Jeff and Zhao lend their wisdom to the crypto world

Following the announcement of a possible Binance buyout of troubled crypto exchange FTX, Binance’s chief executive, Changpeng Zhao (CZ), shared some advice and suggestions to the entire Crypto universe in the early hours of Tuesday, November 8, 2022, via his Twitter page. Last Sunday, Zhao announced on Twitter that he wou

One of the most extensive layoffs in the US this year, Meta announced it would lay off more than 11,000 people or 13% of its entire staff.

The letter from Mark Zuckerberg to the Meta staff

Zuckerberg stated that he was implementing “some of the most challenging adjustments we’ve ever made in Meta’s existence” in a statement sent to staff members on Wednesday morning.

CEO and co-founder of Meta, Mark Zuckerberg, wrote in a blog entry on the company’s official newsroom:

“I want to take account

As the crypto market enters the bear territory, about $832.08 million from over 389,621 traders have been liquidated in the crypto market over the past 24 hours, as seen in data extracted from Coinglass.

Of the $832.08 million liquidated at press time, about 72.22% were long positions, indicating bullish speculators have had a brutal day of trading.

According to Coinglass,  a cryptocurrency futures trading & information platform, Bitcoin longs vs shorts ratio and actively compare funding rates

New restrictions have been placed on Tornado Cash by the U.S. Treasury because of allegations that the North Korean government uses it. The firm, which stands as the leading mixer mechanism protocol for Ethereum has once more received sanctions from the American regulatory authority.

The U.S. Treasury Department said in a news statement that it was revising sanctions relating to Tornado Cash. The body added that the service had been utilized to give the North Korean regime material, financial,

Chainwire has received nine excellence awards from G2, a leading software marketplace. The badges were assigned in G2’s Fall 2022 report based on the responses received from real users featured in its quarterly review form. The awards earned by Chainwire include Highest User Adoption, Best Performer, and more.

Chainwire receives 9 Excellency Badges 

Chainwire, a cryptocurrency, and blockchain press release distribution service, has been awarded nine excellency badges by the G2 software marketp

Binance Custody integrates the NEAR protocol and its native NEP-141 $NEAR token. This development is an attempt by NEAR protocol to provide secured custody for growing its layer one ecosystem native token (NEP-141).

NEAR protocol believes this will open doors for budding projects intending to build on the NEAR blockchain conveniently.

In reaction to the latest developments, NEAR protocol, via its official website, expressed excitement and optimism. It said:

 “We’re very excited to be part of

Popular global technology provider Ledger is partnering with Solana Mobile to build easy-to-use, secure Web3 experience for Solana Mobile users.

Ledger collaborates with Solana Mobile

Leading crypto infrastructure builder Ledger has announced a new collaboration with Solana Mobile, a subsidiary of Solana Labs, to enhance Web3 security features for Solana Mobile users. The two crypto firms made the big reveal earlier today, the 7th of October, on Twitter.

In a series of tweets, Ledger announce

deltaDAO has launched its new Gaia-X Web3 Ecosystem on Polygon ID. Polygon ID to serve as the framework to handle verifiable credentials on deltaDAO’s new project.

deltaDAO leveraging Polygon supernets on new gaia-x web3 ecosystem project

Renowned data economy solutions firm, deltaDAO, has just launched its Gaia-X Web3 Ecosystem network upgrade in a new partnership with Polygon Supernet, a subsidiary of Polygon Technology, a popular Web3 infrastructure developer, today, 7th November 2022. delt

In the aftermath of the global financial crisis of 2008, a fantastic innovation in the name of Bitcoin emerged. The mysterious technology developer, Satoshi Nakamoto, wanted to provide an alternative to the traditional payment system. With Bitcoin, people would no longer have to worry about government control and the interference of banks and other financial institutions in their financial transactions and dealings.

Today, the reality of digital currency is here. Whether it is mobile money or d

When Satoshi Nakamoto launched Bitcoin in 2009, it did not seem like anything worth consideration. At first, Bitcoin remained relatively unknown, with limited interest in it. Yet, this was the fuel it needed to finally become the most popular cryptocurrency with over 300 million users today. 

Bitcoin is just one among many cryptocurrencies that have since emerged. Cryptocurrencies have become increasingly popular, and this is what initially caused banks to worry. When cryptocurrencies began to

By the first quarter of 2023, Laser Digital, the bitcoin and cryptocurrency-focused division of Nomura, will allegedly introduce an institutional trading platform. A bitcoin trading platform for institutional clients is expected to go live in 2023.

According to a report from Blockworks, Laser Digital, the recently established cryptocurrency division of Nomura, Japan’s largest brokerage and financial bank, aims to hire many more people to expand its range of services. 

Nomura is set to increase

This week, FTT has attracted some notice. Users of BitMEX can trade FTT with up to 50x leverage through our FTTUSD and FTTUSDT listings starting at 12:00 UTC today. Quanto Contract Specs for FTTUSD.

FTT listings margined by Tether and Bitcoin

Regardless of the FTT/USD pricing, the FTTUSD product, like all other Quanto contracts, has a fixed Bitcoin multiplier. Due to this, traders can buy or sell FTT without touching either FTT or USD.

As the FTT/USD exchange rate fluctuates, traders can post

FTX’s native token FTT continues to plummet as rumors about the crypto exchange’s possible insolvency continue to make the rounds.

FTT plunges 25%

The price of FTT declined more than 25% on Tuesday, falling from $21.83 to $15.40 in the space of three hours amid a continued selloff of the exchange’s native coin. FTT has since rallied slightly to above $17 but is still down more than 20% in today’s trading period. Despite the rally, FTT has lost almost $600 million from its market capitalization