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Bitcoin sinks to new yearly low at $16.8K as FTX insolvency fears turn into contagion

Crypto markets crumbled for a second day as the fallout from FTX’s liquidity troubles continued to negatively impact investor sentiment. Bitcoin (BTC) price fell to a new yearly low at $16,800 as anonymous unconfirmed sources suggested that after a closer review of FTX’s books, Binance could back out of their agreement

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UK lawmakers open inquiry into NFT regulation — ‘there are fears that the bubble may burst’

Members of the United Kingdom’s Digital, Culture, Media and Sport Committee have opened an inquiry to hear from the public on the potential benefits and risks of nonfungible tokens, or NFTs, and blockchain on the country’s economy.In a Nov. 4 announcement, the DCMS committee said its inquiry was related to

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‘Everything is fine’ — Gala Games calls for calm after fears of multi-billion dollar hack

Blockchain gaming company Gala Games urged its community for calm after misplaced fears of a  multi-billion dollar rug pull or hack caused the GALA token to temporarily crash 25.6%.The initial panic, which Gala Games later implied was unfounded, came after a single wallet address appeared to mint over $2 billion

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