The global crypto market cap dropped down by 0.93 percent in the last 24 hours. Along with BTC and ETH, Polkadot, Tether, and USD Coin saw losses. While some cryptocurrencies saw losses, some did record profits. These include Ripple, Cardano, and Polygon.
BTC Price Falls Below $16,000 Mark, ETH Sees Slow Growth Due to Losses
Binance Labs Invests in Self-Custody Hardware Wallet Startup NGRAVE
Binance Labs announced it has made a strategic investment in hardware wallet maker NGRAVE, and will lead its upcoming Series A round. NGRAVE aims to provide user-friendly security solutions for crypto users.
Sam Bankman-Fried Cashed Out $300 Million During FTX’s Fundraise in October 2021
After a successful $420 million (roughly Rs. 3,410 crore) fundraise in October 2021 from investors including Sequoia Capital, BlackRock and Temasek, FTX founder Sam Bankman-Fried took $300 million and sold some of his FTX stake.
Bob Iger, Disney’s Web3-Supporting Ex-CEO, Returns to Position: Details
Bob Iger, the ex-CEO of Disney who stepped down from his position in 2020, is returning to his former position. As part of his new term as the Disney CEO, will work to modify the strategic direction for Disney overall, to suit to the younger audiences, which includes its metaverse and NFT-related initiatives.
FTX Hacker Has Begun Dumping His Ether Holdings for Bitcoin, Reveals On-Chain Data
The hacker behind one of the wallets that drained the failed FTX exchange is offloading several millions of dollars’ worth of Ether, causing a further slide in the cryptocurrency’s value. The wallet transferred 50,000 ETH, worth over $59 million (roughly Rs. 479 crore), to another address late on Sunday.
Bitcoin Cash Slated for Legalisation Next Year in Island Nation Saint Kitts and Nevis
The Bitcoin Cash (BCH) cryptocurrency is slated to become an official payment mode in the island nation of Saint Kitts and Nevis. As per Terrance Michael Drew, the Prime Minister of the Caribbean island nation, cryptocurrencies represent “future opportunities”.
FTX Crisis Explains Need to Bring Crypto World Within Regulatory Framework: Bank of England
FTX implosion has explained the need to bring the crypto world within the regulatory framework, Bank of England Deputy Governor Jon Cunliffe said on Monday. He added that FTX’s woes highlighted the need for regulators to put in place tighter controls as quickly as possible. Currently, crypto firms in Britain only have to show they can put in place sufficient controls …
Ripple Seeks Licence in Ireland as It Plans to Drive Expansion in EU
Ripple, the issuer of the XRP cryptocurrency, is seeking operational licences as virtual asset service providers (VASPs) in Ireland. The company is now awaiting a response from the Irish central bank. The development was confirmed by Ripple General Counsel Stuart Alderoty.
FTX Owes Close to $3.1 Billion to Its Top 50 Creditors, Reveals Court Filing
FTX, the cryptocurrency exchange that collapsed earlier this month and filed for bankruptcy protection, said in a court filing on Saturday that it owes its 50 largest creditors more than $3 billion (roughly Rs. 24,354 crore).
BTC, ETH Continue to Trade Low with Losses, Stablecoins Manage to See Profits
The overall crypto market fell by 4.21 percent in the last 24 hours. Along with BTC and ETH, Binance Coin, Cardano, and Uniswap saw losses.