Cryptocurrency Analysis and News Portal
Crypto lending firm Nexo (NEXO) risks losing half of its valuation by the end of 2022 as doubts about its potential insolvency grow in the market.Is Nexo too centralized?For the unversed: eight U.S. states filed a cease-and-desist order against Nexo on Sep. 26, alleging that the firm offers unregistered securities
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Prominent NFT and metaverse investors Animoca Brands has appointed Jared Shaw as its new chief finance officer (CFO), according to a press release. Original Source
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“The current state of crypto is fragmented, as there has been a proliferation of blockchains and applications, but users on a given blockchain can’t access applications on another,” Kol said. “It’s confusing and complex, and results in a user experience that many, even crypto veterans like our team, find cumbersome
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Avichal Garg, the CEO and co-founder of Electric Capital, defines himself as “an NFT maximalist” – who believes that nonfungible tokens (NFTs) will play an essential role in bringing crypto to the masses. Unlike other crypto niches, NFTs are relatable to aspects of everyday life such as art, music and
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Paradigm acknowledged that sanctions can be an important tool to preserve national security, but said it believes base layer participants merely record and order data (which may include sanctioned addresses), but do not actively control sanctioned assets. Paradigm further suggested that stringent regulation would eventually push blockchain innovation offshore, making
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A cryptocurrency investor has reportedly sued South Korean crypto exchange Upbit after the trading platform delayed processing his luna coin transfer prior to its crash. The Korean crypto exchange is investigating the details of the lawsuit. Upbit Sued by Crypto Investor Dunamu Inc., the company that operates the South Korean cryptocurrency exchange
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The firm, which allows qualifying clients to invest in crypto companies, security tokens and alternative financial products like bitcoin-centered retirement plans, said it also plans to develop ways of helping distressed lending platforms and their customers deal with their situation. It declined to be more specific. It has proposed a
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Bitcoin has been seeing a lackluster performance in the last couple of weeks, and crypto investors have responded in kind to this. After a couple of weeks of tethering above $20,000, the digital asset’s price had finally fallen below this important technical point, triggering outflows in the market. For the
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President Navib Bukele announced plans to raise $1 billion via bonds backed by bitcoin (BTC) in November, shortly after El Salvador became the first country in the world to adopt bitcoin as legal tender. The offering was initially supposed to launch in early 2022, but it has faced delays, at
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Singapore's state investment fund Temasek, one of the world's largest investors, is to lead a $100 million funding round into non-fungible token (NFT) and metaverse investor Animoca Brands, Bloomberg reported Monday. Source
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