Turkey’s Financial Intelligence Unit Launches Investigation Into FTX Collapse
The Turkish agency responsible for tackling money-related crime has initiated an investigation against troubled crypto exchange FTX. Days after the trading platform filed for bankruptcy in the United States, the department revealed it has been tracking its activities in Turkey.
‘Rich Dad’ R. Kiyosaki calls FTX founder Bankman-Fried the ‘Bernie Madoff of crypto’
In light of the recent incident surrounding FTX, lawmakers from both parties are making a symbolic decision to return campaign donations from the cryptocurrency exchange’s senior executives.
Metaverse Market Size to Grow by $107.06 Billion by 2027, Asia Pacific Region to Lead - Report
The global metaverse market share is set to increase by $107.06 billion from 2023 to 2027, according to a report by leading global research firm Technavio Research.
SolChicksNFT CEO, COO leaked messages confirm up to $20M treasury fund loss
Newly leaked messages surfaced on Twitter earlier today revealing a discussion between the CEO, William Wu, and COO, Lewis Grafton of SolChicksNFT — migrated over from Catheon Gaming.
Japan's Run for Money to Be Converted to an NFT Game
Run for Money, a game variety show produced in Japan and regarded as the country’s most popular is now airing on Fuji Television. According to plans for the near future, this will be transformed into a version of a game based on NFTs. Run for Money, by the way, has been broadcast since 2004. It is, without a shadow of a question, one of the most popular and fascinating reality shows ever produced for Japanese viewers. Over time, it has been able to amass a great amount of popularity and support from its fans.
Island Nation Turns to Metaverse to Preserve Its Disappearing Heritage
In the South Pacific, the island nation of Tuvalu decided to turn to Web3 technology in order to make sure its culture and society are preserved in the future.
Bitget Raises its Protection Fund to $300M to Reassure Users After FTX's Collapse
Leading global cryptocurrency exchange, Bitget announces that it will increase its Protection Fund to 300 Million USD, in order to provide better protection and further assurance to crypto users. This is part of Bitget's major efforts in building the trust of the crypto market after FTX's collapse, leaving users with massive losses. The initiatives come along with a 5 million USD Builders' Fund to support FTX users, coupled with the plan to share the Merkle Tree Proof of Reserves, which is under preparation and will soon be released in 30 days.
Bitcoin Consolidates Below $17K as SBF’s Twitter Rant Goes On (Market Watch)
Bitcoin tried its hand at overtaking $17,000 hours ago but was stopped once the UK inflation data came out.
Luna Foundation Guard Spent $2.8B Defending UST Peg, Third-Party Audit Finds
Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8 billion of crypto trying to defend the peg of algorithmic stablecoin TerraUSD (UST) in May, according to a third-party audit by JS Held, a London-based consultancy firm.
METAPIXEL partners with Aptos to create web3 gaming ecosystem
METAPIXEL is ecstatic and proud to announce the formation of strategic cooperation with Aptos. Aptos is a blockchain network that operates at the Layer 1 level. This will offer METAPIXEL the potential to construct a top-tier Web3-based gaming ecosystem, which will be located on Aptos.
