Cryptocurrency Analysis and News Portal
The cross-chain protocol raised funds at a $2.5 billion market valuation, finalizing its separation from Jump Trading which is downsizing crypto operations due to scrutiny. Wormhole, a cross-chain bridge platform, raised $225 million at a $2.5 billion valuation from investors Coinbase Ventures, Multicoin Capital and Jump Trading which initially incubated the
Read More
A federal judge has accepted materials from Jump Crypto Holdings in discovery for the United States Securities and Exchange Commission (SEC) case against Terraform Labs.In a Nov. 28 filing in U.S. District Court for the Southern District of New York, Judge Jed Rakoff approved the confidential treatment of certain materials
Read More
Jump Trading has spun off its cross-chain protocol, Wormhole, into an independent entity amidst a backdrop of major security breaches and ongoing regulatory scrutiny. Jump Trading has officially separated Wormhole, a prominent cross-chain protocol, establishing it as an independent entity. This move, as reported by Bloomberg, has led to the departure
Read More
Several high-ranking Wormhole employees, including the project's CEO and COO, have left Jump to "run Wormhole as an independent entity," the publication reported, citing people familiar with the matter. The parting of ways comes less than two years after Jump poured $320 million into Wormhole after the inter-blockchain messaging platform
Read More
One of the Big Four banks in the United Kingdom, Lloyds Bank, has said that reports of cryptocurrency investment scams by victims have surged by 23% in the current year compared to the same period in 2022.According to a press release published by Lloyds Bank, an increasing number of investors
Read More
In this week’s newsletter, we dive into the dynamic world of nonfungible tokens (NFTs) and their impact on the digital landscape, as NFT sales have skyrocketed to an impressive $129 million in November, according to data from Nansen. Despite the surge in sales, OpenSea has laid off a substantial amount
Read More
Such rewards have been made possible as the platform was the biggest recipient of Arbitrum’s arb (ARB) token grant following a community vote in October. Source
Read More
Prices rose over 11% before slightly retreating on Monday, with trading volumes spiking to $2 billion from Sunday’s $1 billion, CoinGecko data shows. At the time of writing, XRP traded at 69 cents and replaced BNB as the fourth-largest token by market capitalization. Source
Read More
XRP price predictions continue to make the rounds, and one of the latest price predictions happens to be that of prominent crypto
Read More
Amid the crypto crackdown, a BTC ETF, if approved, would open a new pathway for U.S.-based firms to get a piece of the crypto action – in a way that plays to their conventional strengths. Original Source
Read More