Billionaire Mark Cuban Still Bullish On Crypto Despite FTX Collapsed
NBA Dallas Mavericks owner Mark Cuban on Saturday said he isn’t giving up on crypto just because of the collapse of crypto exchange FTX. He believes FTX former CEO Sam Bankman-Fried may go to jail, but the crypto industry still has a lot of underlying value. On Monday, Mark Cuban started unfollowing many crypto Twitter accounts, with some believing that he is distancing himself from crypto.
Huobi Token Rises By 22%: Here’s Check Why
The Huobi Token (HT) rises by 22% in the last 24 hours. HT coin from a low of $3.70 on November 13 to a price of $7.16 at the time of publication. Just after a run on FTX that resulted in the exchange filing for Chapter 11 bankruptcy, cryptocurrency token prices have had a rough few weeks. However, signs of recovery are emerging as the industry works to recover from the scandal. The HT is one such offering that is leading the charge back to health.
Bitget Launches Major Campaign With Messi to Reignite Confidence in the Crypto Market
Leading global cryptocurrency exchange, Bitget, has announced a series of marketing campaigns with Lionel Messi, the Argentinian Football legend, with the launch of the brand film to celebrate the 2022 World Cup. With this USD 20 Million investment in campaigns and rewards, Bitget aims to benefit users with attractive rewards, help enhance market sentiment and reignite confidence in the crypto industry.
SEC Chair Under US Congress Radar Over Celsius, Voyager, FTX Failures
The U.S. Securities and Exchange Commission (SEC) chair, Gary Gensler has been under the constant scrutiny of Congress for its approach towards the digital asset industry. The crypto market has witnessed the collapse of major tokens, exchanges and lending firms throughout the year.
The Metaverse Has To Be Open and Collaborative According to Virtua Co-Founder – CryptoSateIRL #23
Virtua is a multi-chain metaverse project that utilizes Polygon, Elrond, Wax, and Cardano within its ecosystem. Additionally, partnerships with top IPs, including Top Gun, King Kong, The Godfather, Kevin Hart, Shelby, and William Racing, enable players to live out exciting and varied experiences within the Virtua metaverse.
Latam Still Unprepared to Deal With Crypto Crime and Scams, According to GFI Report
Latam is still unprepared to deal with cryptocurrency-related crimes and scam situations, according to a recent report issued by Global Financial Integrity (GFI), a Washington DC-based think tank. The document states that crypto regulation has failed to grow with the adoption of these new technologies and that governments have often failed to detect and punish crypto-related crimes.
Metalla Royalty Director Warns Most Crypto Entities To Go Bankrupt, Says Gold To Hit $2K by 2023
The 2022 cryptocurrency market scene has been impacted by depressed prices, which has partly translated to several entities going bankrupt amid the sustained bearish conditions.
Genesis FUD Subdues As Grayscale Bitcoin Trust (GBTC) Recovers
Grayscale Bitcoin Trust premium rate recovers from -46% to -40% as Cathie Wood’s Ark Invest buying GBTC shares rebuilds confidence in the crypto market. Meanwhile, Binance allocates over $2 billion in BUSD to its Industry Recovery Initiative to help projects recover from liquidity issues following the collapse of crypto exchange FTX.
IOG and University of Edinburgh Launch Blockchain Decentralisation Research Project
Recently, Aggelos Kiayias, Chair in Cyber Security and Privacy at University of Edinburgh and the Chief Scientist at Input Output Global (“IOG”), the blockchain technology firm behind Cardano’s R&D, introduced the Edinburgh Decentralisation Index (EDI) project.
392 Million XRP Shifted As Coin Rises 16.6% in Past Week
Whale Alert tracking service of large crypto transactions has shared that in the past fifteen hours, the most active whales shifted nearly 400 million XRP, both between unknown addresses and from exchanges.
