CryptoBeaver

Bitcoin (BTC) long-term holders are not afraid of the current volatility. Distrust towards centralized crypto service providers continues to drive bitcoin off exchanges. Blockchain analytics service Glassnode reveals that the amount of bitcoin supply last active ten years ago or more reached a new all-time high of 2,594,574.300 BTC on Dec. 30. On the same day, the number of bitcoin addresses holding at least 100 BTC — worth 1.66 million as of press time — also reached a one-time high of 16,133. The data suggest that the accumulation is ongoing among big holders again. Bitcoin long-term holders do not lose their grip, on-chain data shows - 1

BMW is relying on blockchain technology to improve its business model. Now, the company is using technology from Coinweb and Binance. Coinweb, a layer-2 cross-chain computation platform, announced on December 29 that it has entered into a partnership with BMW to integrate blockchain technology into the automaker’s infrastructure in order to improve the efficiency of financial transactions. Coinweb stated that the primary goal of this partnership is to provide a completely new experience for BMW’s customers in Thailand. To achieve this, the two companies plan to implement two different roadmaps in 2023.

The Fantom Foundation, a team that’s dedicated to the growth of Fantom, a Directed Acyclic Graph (DAG) smart contracting platform, will use some of its funds to repurchase tokens of six projects critical to the Fantom ecosystem. Unconfirmed reports indicate that the foundation has already spent 870,000 FTM to acquire tokens of six Fantom-based projects: BOO, GEIST, BEETS, EQUAL.MMY, and BRUSH.

Solana also continues to suffer and currently sits below $10. Bitcoin continued with minor price declines in the past 24 hours, resulting in a dip to a weekly low of under $16,500. Most altcoins are also in the red, including substantial losses from Solana and Terra Classic.

In its 2022 report, Stellar protocol reveals an increase of 73% in total assets, along with a 176% growth in total payments processed. The Stellar Development Foundation development team has released the findings of the protocol’s first year of use. Increasing the breadth and calibre of the XLM network, expanding collaborations, especially with MoneyGram, and launching new projects are among its accomplishments.

Investors might have rebuilt some confidence in CEXs, with BTC exchange outflow volumes hitting a seven-month low record. Glassnode data shows a decrease in the 7-Day MA of bitcoin leaving centralized exchanges with only 986.237 BTC getting withdrawn in the past week or so. The declining outflow could signal that investors have restored some faith in CEXs after the gigantic collapse of FTX. Billions of dollars worth of various digital assets were withdrawn from such exchanges amid FTX’s crash.

Institutional investors feel relieved they stayed away from crypto, said Jared Gross. Despite the massive bull market in 2020 and 2021, institutions have remained on the crypto sidelines and feel relieved about it. This is what a JPMorgan senior investment strategist argued recently, indicating that the interest in the asset class from such investors is “effectively nonexistent.” The most notable bull run in the cryptocurrency market started at the end of 2020 and lasted for about a year, seeing prices explode to new highs. Bitcoin, for one, went from under $10,000 to $69,000 within that timeframe, becoming a trillion-dollar asset at the time.

FTX’s new CEO resorted to the help of the US court to claim his rights to Robinhood shares worth around $450 million. However, the company is not the only solicitor. In a document submitted on Dec. 23, FTX requests assistance from the court in its fight to retain control of Robinhood shares. The company’s new CEO, John J. Ray III, filed a motion at the US bankruptcy court for the District of Delaware. 

 Users will be able to choose between three options with the Fusion mode. The popular DEX aggregator announced the launch of Fusion, which focuses on the 1inch Swap Engine and aims to enhance user experience with DeFi swaps. The team behind the project promised to deliver “almost limitless” liquidity and maximum user protection.

Coinbase is now able to operate in Ireland, which enables the company to work with European clients as well. According to a Dec. 21 announcement, Coinbase won approval from the Central Bank of Ireland to operate as a Virtual Asset Service Provider (VASP). The decision enables the firm to continue providing products and services to individuals and institutions in Europe and internationally from Ireland.

Binance crypto exchange has launched its Christmas holiday-themed promotions where users can send Binance Gift Cards to friends and family and qualify for Secret Santa and Mystery Box events loaded with juicy rewards. The Binance Christmas promo

Ethereum Classic is among today’s best performers, while the rest of the market sits quietly. Bitcoin tried its hand at taking down $17,000 hours ago but was stopped in its tracks and now sits close by. Most altcoins are with insignificant gains or losses, aside from ETC, which pumped by around 5% in a day.

The founder of Polygon – Sandeep Nailwal – has assembled a team of founders gathered from the entire Web3 ecosystem – and has launched a startup accelerator to power the future growth of the nascent industry . Enters Beacon Beacon is a Web3 accelerator built by Web3 founders, including Nailwal and other well-known names in the field, such as: Uri Stav, former CSO at DCG Prateek Sharma, former VP at Sequoia Capital Kenzi Wang, co-founder at Symbolic Capital

 Femenia maintained FTX victims could retrieve between 20% and 40% of their investment. The global investment banking firm – Jefferies Group – reportedly determined FTX creditors could retrieve as much as 40% of their lost money. In an interview for The Block, Joseph Femenia – Global Head of Distressed Debt Trading at Jefferies – said there’s light in the tunnel for FTX creditors who could recover between 20% and 40% of their assets. 

 A new study published on Saturday by booking.com revealed that as more borders open up due to easing of the COVID-induced travel restrictions, the metaverse, one of the newest digital ecosystems, will allow tourists to pick and select the regions they want to explore in person. Better vacation spot selection with the use of metaverse A Booking.com study shows that the Metaverse, one of the most recent virtual ecosystems, will help visitors and tourists decide which locations they wish to visit in person.

Which way bitcoin’s price will go next is a question with many zeroes on it for many crypto investors as we finish 2022. Who knows? Here are 8 key factors to consider. In 2022 Bitcoin, Ethereum, and the bevy of altcoins riding on the original gangster cryptocurrency’s very long coattails weathered their most brutal crypto winter to date. Of course, the cryptocurrency industry is eager for an end to the long, drawn-out Bitcoin price winter. From Bitcoin miners and mining pools to Layer-2 chain developers like the Lightning Network to crypto day traders and crypto investors – confidence is shaken, fear and greed are high, and the metaphorical blood just keeps pouring out into the streets. When will it end?

 Despite the current crypto winter, US Financial Advisors (FAs) are seeing substantially more investor interest in digital assets. According to Coalition Greenwich survey data by Talos, 92% of high net worth (HNW) and affluent mainstream clientele prefer crypto assets in their portfolios. 30% of the 537 FAs stated they had already recommended or planned to recommend certain digital asset investment products in the next three months. The crypto winter has yet to affect digital assets demand among high-net-worth investors. Recent research by Talos showing that digital assets are maintaining demand among HNWs is fascinating, considering it was carried out during the third quarter of 2022, immediately after the collapse of TerraUSD, Luna, and Three Arrows Capital, which rocked the world of digital assets and came before the fall of FTX. 

 The cryptocurrency markets took a beating in the past 24 hours, with BTC losing $17K and BNB crashing by around 10%. The past 24 hours have been tough in the cryptocurrency markets, with the total capitalization dropping by some $40 billion. This comes on the back of major coins charting serious declines and BTC plummeting below $17K. Bitcoin Goes Below $17K

 Binance is under fire again as FUDs regarding its proof of reserves and regulatory uncertainties, are gaining traction. The exchange is also experiencing massive withdrawals following a story by Reuters that details it’s on the US DOJ’s radar. Other reports regarding failed audits are in the air as well. But what’s going on?

Bitcoin and crypto prices soared following lower-than-expected U.S. inflation data for November. Crypto stocks bounced in line with U.S. stock futures. Bitcoin was hurtling toward $18,000 shortly after U.S. CPI data was released today. Ether rose 6% following the news, trading at about $1,327. Binance's BNB token was little changed on the information as withdrawal issues continue to hamper the token. Dogecoin and Ripple's XRP jumped over 4%, while Cardano's ADA tacked on 1.7%. Interest rate traders are now pricing in an 81% chance of a 50 basis point increase by the FOMC tomorrow, according to the CME's FedWatch tool. 

DappRadar report finds that last month’s crypto market meltdown caused the total value locked (TVL) on smart contract platform Solana (SOL) to freefall. The data acquisition and analysis firm reports that Solana saw a 71% decrease in TVL month-on-month from October to November, crashing to $366 million. The TVL of a blockchain represents the total capital held within its smart contracts and is calculated by multiplying the amount of collateral locked into the network by the current value of the assets. SOL is trading for $13.70 at time of writing. The 18th-ranked crypto asset by market cap is down more than 57% since November 1st when it was trading at $32.24.

ByBit has joined the ranks of major crypto exchanges such as Binance to publicly provide its proof of reserves.  The Dubai-based platform announced the launch of a Merkle Tree-based proof-of-reserve system to enable users to verify their assets deposited into the exchange as well as Bybit’s holdings. The verification is available in both trading and funding accounts. Bybit said that the new feature will also allow verification of the exchange’s wallet ownership and that assets are held with a 1:1 ratio.

Former Brighterscope CEO Mike Alfred believes that paper Bitcoin (BTC) trading is what’s keeping the cryptocurrency’s current dollar price in place. “Counterfeit bitcoin” In a Dec. 12 tweet, the self-described “value investor” claimed that people were trading Bitcoin that didn’t exist on the chain and that the activity was artificially propping up BTC prices in the interim. In the tweet, Alfred also contended that Bitcoin would only find its actual market price in the event of the failure of crypto exchanges such as Nexo, KuCoin, and Crypto.com, which serve as fractional reserve platforms for BTC.

 The Kanto Local Finance Bureau will supposedly halt FTX Japan’s activities on March 9, 2023. The Japanese authorities reportedly extended the business suspension order to FTX Japan until March 9, 2023. Initially, the company had to cease all services on December 9.

 On Tuesday, Chainlink opened staking options for its users. Statistics show that the oracle provider saw 7 million LINK worth $51 million staked 30 minutes after the option was activated. Sergey Nazarov, the founder of Chainlink, announced the staking of LINK on the network’s platform on Tuesday. Shortly after the announcement, users locked about 7 million LINK worth $51 million on the platform to provide more liquidity. According to reports, the amount staked accounted for about 28% of the 25 million stake pool. In addition, the spokesperson said the firm decided to launch the token stake pool as starters to determine how well the operation would fare. He added that they planned to increase the stake pool capacity to accommodate 75 million LINK token in the future.

 The 10th Global Forum on blockchain, cryptocurrencies and mining Blockchain Life 2023 takes place on February 27 – 28 in Dubai. Having started in 2017, the forum quickly became one of the TOP-3 events worldwide in the cryptocurrency industry. The forum is attended by key industry players, government representatives, heads of international companies and funds, investors, promising startups teams and beginners. What to expect? Networking with 4000 attendees from all around the world and meeting  business executives from top companies in the industry Exhibition area with 100 booths of digital companies Speeches by world-leading experts  in the conference hall The greatest AfterParty on the luxury yacht “LOTUS” Participants will find promising startups to invest in, meet new business partners and learn about all the relevant ways to make money with cryptocurrencies from industry leaders. The event program also includes a discussion about profiting on the latest trends: the m...

 The cryptocurrency market remains calm through the day, but some coins are already pulling ahead on a weekly basis. The broader cryptocurrency market didn’t see a major change in the past 24 hours, as its total capitalization remains the same. As we go into the weekend, it becomes clear that some cryptocurrencies performed really well throughout the week, so let’s dive in. Bitcoin Stable Above $17K The BTC price didn’t go through any major moves in the past 24 hours and remains above $17K. It’s worth noting, however, that it had increased up to $17,360 in the early afternoon yesterday, but the bulls were unable to continue the push and the price was sent back toward $17,100. This puts BTC on a 0.4% loss for the past 24 hours and a 0.4% increase for the past week, showcasing the markets’ inability to break away from the current trading range. Altcoins Stagnate Toward the Downside The majority of the altcoin market has also been stagnating in the past day, but toward the downside, a...

Paris, France. 6 December 2022 – Ledger, the world leader in critical digital asset security, has teamed up with Tony Fadell, builder of the iPod, to bring clarity and confidence to owning digital value. Ledger Stax™ is a usable way for you to take control of cryptocurrency and digital collectibles. It’s built on uncompromisingly secure architecture, and introduces a unique form designed for unprecedented accessibility and interactivity.  Ledger Stax has a new E-Ink display, which covers the front and curves around the spine—you can view complete transaction details at a glance. E Ink is always viewable: your favorite art appears on the Ledger Stax screen, even when it is off. It also provides unmatched energy efficiency, so the battery can last for weeks or even months on one battery charge.  “With the Ledger Nano™ series, we created the most successful digital asset security hardware of all time—with more than 5 million sold and none ever hacked,” says Pascal Gauthier, CEO a...

Binance and FTX’s bosses have two different accounts of their exchange’s business dealings prior to the latter firm’s collapse.  Binance CEO Changpeng Zhao (CZ) and ex-FTX boss Sam Bankman-Fried (SBF) traded barbs over Twitter on Friday as each contested the true nature of their private business dealings. During the exchange, Bankman-Fried asked CZ why he would “lie” about their situation, given he had already “won,” post bankruptcy. CZ’s Story CZ began with reference to Kevin O’Leary’s latest comments on FTX’s fallout.  In his interview with CNBC, the Shark Tank star suggested that FTX spent much of its cash attempting to buy back its equity from Binance due to the latter’s “opque” ownership. He also refrained from accusing Bankman-Fried of fraud, as he has done multiple times since FTX’s bankrupcy. O’Leary was paid $15 million to promote FTX’s brand in August 2021, and was an early investor in the company. CZ believes this has something to do with why he would seemingly run ...

The cryptocurrency market has failed to produce any meaningful movements in the past 24 hours and is found more or less where it was yesterday. This includes Bitcoin, which continues to trade below $17K. Prolonged periods of diminished volatility are not typical in the cryptocurrency market and are usually a precursor to a big move. That said, Bitcoin’s price has been trapped within a fairly narrow range over the past couple of weeks, unable to break out in any direction. At the time of this writing, the cryptocurrency trades at $16,800 – exactly where it was yesterday. The BTC dominance also remains the same as yesterday, highlighting the lack of activity from market participants and the overall state of stagnation. Overall Market in State of Extreme Fear Most of the altcoins failed to produce any gains too. On the somewhat bright side – they didn’t decrease either. The majority of them are charting slight losses or gains but nothing noteworthy, as seen in the heatmap below. Today’s b...

 Galaxy Digital, Mike Novogratz’s crypto-focused financial services firm, announced Friday that it had won an auction to purchase GK8 from insolvent cryptocurrency lender Celsius Network. Price lower than what Celsius spent a year ago Galaxy spokesperson Michael Wursthorn said the price was significantly lower than what Celsius spent a year ago, though the sale specifics were not released. As previously reported, Celsius paid $115,000,000 to acquire GK8 in November of 2021. The purchase is part of Galaxy’s strategy to grow its premier brokerage business. About 40 employees, including blockchain developers and cryptographers, will join Galaxy’s team. According to Galaxy, with this deal in place (which is still subject to regulatory approval), they will be able to open a new facility in Tel Aviv, Israel, thus strengthening their presence worldwide. Taking advantage of important opportunities to expand Galaxy sustainably, as demonstrated by the addition of GK8 to our flagship portfoli...

Coca-Cola has announced the release of a set of FIFA World Cup NFTs based on heatmaps of the games played. The collection of 10,000 NFTs, generated by tracking the in-game movements of players in FIFA World Cup matches, will be developed and hosted on Сrуptо.соm's NFT platform. 

Cramer believes Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), and Polygon (MATIC) could crash to zero in the future. The host of CNBC’s Mad Money show – Jim Cramer – said cryptocurrency investors still have time to sell their “awful” positions. His previous advice has often been inaccurate, prompting numerous participants to anticipate a market surge after the latest comments. Cramer’s on the Spotlight Again During his most recent show, Mad Money’s host urged investors to cash out their cryptocurrency at all costs. He thinks “it’s never too late” to exit the market, hinting the crypto winter is nowhere near its end: “You can’t just beat yourself up and say, ‘hey, it’s too late to sell.’ The truth is, it’s never too late to sell an awful position, and that’s what you have if you own these so-called digital assets.” Cramer believes the most speculative cryptocurrencies that could possibly crash to virtually zero are Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), and Polygon (MATIC).  ...

Nike has formally released its first “native web3 sneaker”, through its NFT and Web3 arm, RTFKT, per an announcement on Monday. RTFKT revealed details of what can be expected from the new product launch, including a ‘walk-to-earn’ mechanic, utility via authenticity, app connectivity, and more. However, the thread closes with a keynote that the product will only be shipped to users in the U.S. They noted: “Due to advanced technology and product regulation, products can ONLY be shipped to the US.” Nike is the industry leader in the sneaker game market and has continued to invest in its infrastructure, emerging technology and web3-related fields. The major drawback regarding its introduction has far less to do with price and much more to do with accessibility since Nike has only allowed U.S.-based addresses to fulfill orders for its web3 sneakers.  The lack of clarity and foresight in not sharing this pertinent detail until after outside U.S. money has been contributed to the project ...

 The NFTs were created by GMUNK in partnership with CryptoCom and Coca-Cola and will explore different moments and aspects of the FIFA World Cup ‘Qatar 2022’ Coca-Cola and Crypto.com have teamed up to launch an NFT collection inspired by the Qatar 2022 FIFA World Cup. The collection, created in collaboration with digital artist GMUNK, is based on “heat maps” that visually represent the movements and highlights of the tournament’s players. GMUNK has created 10,000 NFTs based on these heat maps, which will be available to fans on the Crypto.com NFT platform from May 1 to July 31, 2022.

 Twitter may be soon getting its own cryptocurrency, with code recently published by the company showing “Twitter Coin” illustrations and a “coin” payment category. Tweets posted by tech blogger Jane Manchun Wong suggest that Twitter may be about to launch its own cryptocurrency. In one now-deleted tweet still available on Google’s cache, we can see an icon portraying a coin with Twitter’s logo with filename “IconTwitterCoin.svg.” The code is part of Twitter’s updated web application dedicated to tipping on the platform. Wong explained that there are no indications “as to what “twitter tips” and “twitter coin” are, with nothing indicating any relation to Dogecoin (DOGE). Dogecoin was long rumored to be headed towards a Twitter integration ever since talks about Elon Musk’s acquisition of the platform started circulating. The tech tycoon himself suggested that the coin may become internet’s native currency and used to describe himself “Dogecoin CEO” on Twitter. Despite no indication...

Tether, the company issuer of the first and most widely used $USDT stablecoin, has announced its plans to launch Tether Gold (XAU₮) and Euro Tether (EUR₮) on Huobi on 8 December, 2022. After the launch, Huobi's users will get access to the stablecoin that represents ownership of physical gold and the Euro-pegged stablecoin. 

Following the recent attack that hit the Ankr exchange, the security team has issued an update on the malicious event. They stated that the attacker used a mint bug in the platform’s smart contract code to mint millions of aBNBc while bypassing verification. Ankr disclosed what happened during the attack Earlier yesterday, the Ankr centralized exchange discovered malicious activity, leading them to halt some operations temporarily. However, before they could apply prompt security measures, they had already incurred a loss of $5 million in BNB. After several hours of investigation, the Ankr security team eventually fished out the root cause of the attack. According to them, the attacker maneuvered to access the developer’s private key. He then used it to attack the platform’s aBNBc smart contract via a bug in its code. 

 Elon Musk alleged that SBF had donated over $1 billion to Democrats and asked where did that money go. Elon Musk has alleged that the former CEO of bankrupt crypto exchange FTX, Sam Bankman-Fried, has donated over a billion dollars to the Democratic party to support them in the elections. In a recent discussion on Twitter, Will Manidis, the Chief Executive Office of healthcare AI platform Science, called SBF’s donations to politicians “one of the highest ROI trades of all time” because it allowed him to not go to Jail for stealing over $10 billion. Taking part in the discussion was Elon Musk, who alleged that SBF’s “actual support of Dem elections is probably over $1 billion.” Musk also asked where did that money go. SBF is known to have donated $5.2 million to Joe Biden’s 2020 presidential campaign while also donating $10 million to support Carrick Flynn – a candidate from the Democratic party for a congressional seat in Oregan, who couldn’t win the elections.

The Solana-based automated market maker Orca has opened up fiat purchases and fiat-to-crypto transactions through a new integration with Stripe. Solana ecosystem comes back from the aftershocks of the FTX liquidity earthquake, one of its leading automated market makers (AMM). The AMM revealed an integration with Stripe that will power its new fiat-to-crypto on-ramp, making decentralized finance (DeFi) more accessible to users both in and out of the existing ecosystem. This new integration now enables fiat purchases along with fiat-to-crypto transactions. According to Ori Kawn, the co-founder of Orca, the new integration helps create wider access to economic tools.

 In September of this year, blockchain media outlet, CoinTelegraph, reported that cryptocurrency trading platform MEXC has ranked as the world’s top liquidity provider. Recently, MEXC announced the growth of its contract businesses, and its average daily trading volume has reached an increase of 1,200%. "MEXC's Changing for you": The 1st Exchange to Launch a Zero Maker Fee Event for Futures Orders - 1 “Users first, MEXC’s Changing for you” has always been the service philosophy that MEXC adheres to. The ‘Zero Maker Fee’ Event is set to launch to give back to MEXC’s futures users. The activity starts on December 1st. It is understood that to date, among the mainstream cryptocurrency trading platforms, MEXC is the only platform in the world that offers zero maker fee for futures pending orders. Andrew Weiner, VP of MEXC, said: “In 2022, we will focus on optimizing futures products and basic liquidity according to users’ needs. Presently, our liquidity has reached rank 1 glo...

 Financial services and wealth management pioneer Galaxy Digital Holdings today announced plans to purchase GK8, a secure corporate virtual assets self-custody platform. Subject to court approval and other closing conditions, the transaction will result from a sale procedure following Celsius Networks LLC’s Chapter 11 bankruptcy. Galaxy Digital buys GK8 Galaxy Digital said it had purchased GK8, a self-custody platform, from its previous owners for an undisclosed fee. The deal is related to Celsius’s Chapter 11 bankruptcy and has yet to be confirmed by the court. With the purchase of GK8, according to Galaxy Digital CEO Mike Novogratz, Galaxy will be able to provide its customers with a comprehensive suite of cryptocurrency services, including storage options. He also mentioned that the deal represented a significant chance for his business to expand. GK8 is a leading solution supplier for institutions seeking the highest level of security for their digital asset custody, utilizing ...

 The acquisition will expand Galaxy’s headcount, and help build out its GalaxyOne prime offering.  Galaxy Digital has won the auction for GK8 – a crypto custody platform to be sold as part of bankruptcy proceedings for the insolvent crypto lender Celsius.  Galaxy will utilize GK8’s custody solution as it develops GalaxyOne – its own institutional prime offering.   As announced by Galaxy on Friday, GK8 founders CEO Lior Lamesh and CTO Shahar Shamai will remain to lead Galaxy’s custodial tech business, while providing self-custody solutions for GalaxyOne as well.  “With the backing of Galaxy, we aim to introduce new and exciting offerings to the industry that showcase a combination of Galaxy’s best-in-class services and GK8’s cryptography, security, and unparalleled R&D skills,” said Lamesh on the deal. Company CEO Mike Novogratz said on Friday that GK8’s acquisition marked a “crucial cornerstone” for digital asset storage with Galaxy. GalaxyOne already p...

 The 1INCH Foundation recently transferred a large amount of the 1INCH token causing investor concern. The price has dropped by as much as 3%. News shock wave 1INCH is the crypto market’s 86th asset by its market capitalization. An on-chain crypto event tracker, Lookonchain, released reports on Friday after it noticed the activities from 1INCH. Lookonchain announced via Twitter that 1INCH Foundation moved out 15.65 million units of the 1INCH token estimated to be worth $8 million. Lookonchain made the tweet 18 hours after 1INCH completed the first part of the transaction. It was reported that the assets were moved into Binance 14 hours following the first part of the transactions. The tweet from Lookonchain stated that 1INCH first moved out the tokens to the tune of 15.56 million and they were moved into Binance 4 hours before the tweet. It equally indicated that the last time 1INCH carried out such a transaction was on the 9th of June when the token lost 25% and the price fell to ...

 Aurus has not yet officially confirmed the issue but M11 Credit assured working on a joint statement.  Former FTX CEO Sam Bankman-Fried may have apologized dozen times for the failure of his firm, but there’s no stopping the contagion. Another casualty came in the name of a crypto trading platform – Aurus Global – which is currently facing a “short-term liquidity issue” due to FTX insolvency. Aurus Misses Principle Payment Amount of $3M The algorithmic trading and market-making firm reportedly missed a principal repayment on a 2,400 Wrapped Ether (wETH) decentralized finance loan worth around $3 million. This was revealed by ‘M11 Credit,’ which happens to be an institutional credit underwriter. Its tweet regarding the same read, “Auros is experiencing a short-term liquidity issue as a result of the FTX insolvency. This does not mean the loan is in default. We are working with Auros, who have acted promptly and responsibly. Our top priority is to limit the risk for our lenders...

 Apple has reportedly blocked Coinbase Wallet app update of its iOS version until they disable the feature of sending NFTs. According to Coinbase Wallet, Apple claims that in order for them to be able to earn 30% of the gas fee, the gas fees needed to send NFTs must be paid through their In-App Purchase system. Solana co-founder predicted Apple’s move A recent tweet by Degen news reveals that Solana Foundation’s head of communications, Austin Federa, claims co-founder Anatoly Yakovenko had predicted this major move by Apple. Federa in his words says: “Yakovenko had seen this coming shortly after Coinbase revealed that Apple had blocked its app users from sending NFTs since it wants the 30% fees.” Mr. Federa in response to Coinbase wallet’s recent hold up claims it wouldn’t be a surprise if Google also did the same thing tomorrow while calling for developers to consider an alternative around these bumps. Coinbase says move puts NFT investors at a disadvantage Coinbase has openly opp...

 CEO Durov believes Telegram’s potential decentralized exchange could be a great solution for cryptocurrency investors. Pavel Durov – Founder and CEO of the messaging application Telegram – thinks the FTX crash occurred because the blockchain industry has recently deviated from its decentralized nature. He argued that a few individuals abused their power, leading to the spectacular collapse. The Pussian-born entrepreneur said Telegram’s next goal is to create non-custodial wallets and decentralized exchanges so crypto traders could have maximum protection when operating in the sector. The Main Problem is the ‘Excessive Centralization’ Durov is yet another person to comment on the recent decay of the crypto exchange FTX, saying the entity was entirely centralized, and the control was in the hands of a few people. He believes they “began to abuse their power,” which prompted the crash and the colossal investor losses. According to Durov, such adverse events will be eliminated if bloc...

 As per local media sources, the Canadian state of Manitoba has placed an embargo on new cryptocurrency mining operations for the next 18 months because of concerns that such enterprises will overload the local grid. Manitoba fear miner’s load will adversely affect local residents The fear that the miners‘ load would adversely affect residents has prompted several states to halt or delay the approval of new cryptocurrency mining companies. Manitoba attracts customers that require a great deal of electricity, such as those engaged in the electricity extraction of bitcoins, because it has the second-lowest power prices in Canada, behind only Quebec. The Regional Finance Minister also raised the PCG’s worry that blockchain enterprises might not be very good at adding to the labor force. He explained that it is possible to operate with a small workforce while consuming hundreds of megawatts of electricity. According to Friesen, “Manitoba Hydro cannot make unilateral decisions regarding...