MachineFi Wants to Connect the World to Web3 Through W3bstream
On Wednesday (9 November 2022), three pieces of news came out that may have dealt body blows to the chances of Binance deciding to go ahead with its plan to fully acquire FTX (but not FTX US). As CryptoGlobe reported yesterday, on 8 November 2022, Binance CEO Changpeng...
Crypto Crash News Updates: In line with popular belief, experts predict the market is heading towards a crypto crash that could potentially lead to new lows in cryptocurrency values. After the FTX and Alameda Research situation played out, the crypto market saw a crypto crash with the FTX Token (FTT) dropping by around 80% in the space of 24 hours. After Binance CEO CZ announced his company would potentially acquiring FTX, the prices of all cryptocurrencies took the plunge.
On 7 November, a federal judge in New Hampshire ruled that crypto-startup LBRY had violated securities laws by selling LBC. It did so by selling its native token without registering with the United States SEC, the judge observed. This verdict has XRP investors and its stakeholders in the crypto-industry worried. This, especially since it likely sets a dangerous precedent, one that may influence the verdict in SEC’s case against Ripple Labs.
On Tuesday, the cryptocurrency market took a hit as Binance CEO Changpeng Zhao, popularly known as CZ, revealed that the company would liquidate its entire FTX holdings. This announcement sent shockwaves across the sector, resulting in a sell-off that pushed the exchange (FTX) into a liquidity crisis. Later, Binance CEO Changpeng Zhao announced that his company has agreed to buy competitor Sam Bankman-Fried’s FTX for an undisclosed amount. CZ tweeted that they have signed a non-binding Letter of Intent...
On Tuesday (8 November 2022), Coinbase Co-Founder and CEO Brian Armstrong did a decent job of reassuring the users of the exchange that what happened at troubled crypto exchange FTX was highly unlikely to happen at Coinbase. This Twitter thread by Jonathan Wu, who works at Aztec Network, nicely summarizes the...
Over the last few months we have seen Polygon’s rapid growth beyond the scope of an Etthereum layer 2. Polygon has been focused on becoming a key player in the Web3 space and its latest update reveals just how big of a role it might play in the future. Here’s how #Polygon is at the heart of European data economy 👇 pic.twitter.com/7vcZnHUSOW — Polygon – MATIC 💜...
With crypto enthusiasts and companies buying virtual real estate, the big question is: “Is this going to be the next big thing?” Now that companies are diving into the Metaverse, land in the metaverse has the potential to be just as valuable as real-world land. Decentraland is the first and most well-known virtual land ownership platform for gamers, creators, and aspiring entrepreneurs. Every piece of virtual land purchased is an NFT, which cannot be reproduced. If you want to buy land in...
The VeChain network recently made a major announcement regarding what might possibly be its biggest change in 2022. According to the announcement, the network’s community recently voted on VIP-220, in favor of a mainnet hard fork. After many years of hard work, #VeChainThor's most significant mainnet hard fork is ready for deployment following the successful vote on VIP-220, or 'Finality with one Bit' (FOB). PoA2.0 is game-changing for
The contagion of the FTX token collapse has spread across the entire crypto market. On Tuesday, November 8, the broader crypto market lost nearly $100 billion tanking by 10%. The Coinbase (NASDAQ: COIN) stock also collapsed by 10% ending Tuesday’s trading session at $50. Binance announced the buyout of the FTX exchange following a plea from Sam Bankman-Fried. However, this buyout is only for the non-U.S. businesses of FTX. At the same time, Coinbase chief Brian Armstrong also said that he’s...