Month: November 2022

NEAR-based Trading Protocol Veax Closes $1.2 million Pre-Seed Round

  Veax, a NEAR-based, decentralized derivatives trading protocol for NEAR, closed a $1.2million pre-seed round. Participation from Circle Ventures and Tacans Labs, Outlier Ventures. Qredo was also involved. Veax is a single-sided, advanced liquidity management DEX that runs natively on…

ConsenSys has co-launched the Ethereum Climate Platform

  ConsenSys is an Ethereum-software startup which helped to develop the Merge. It will unveil the Ethereum Climate Platform (ECP), along with 18 other companies, at COP27’s UN Climate Change Global Innovation hub. UNFCCC stands as the United Nations Framework…

Circle Co-Founder Wondered Why USDC On Solana Was Suspended deposited By Exchanges

  Circle co-founder Jeremy Allaire tweeted that USDC on Solana was natively issued by Circle. It is working fine. It is not clear why disappointing crypto exchange actions were taken. Coincu reported that major exchanges like Binance, OKX and BitMEX…

Just in: Sam Bankman Fried To Facing Fraud Lawsuit In New York

  Authorities in the U.S. will likely follow the legal route, in yet another setback for FTX founder Sam Bankman Fried. The Manhattan US attorney is preparing criminal proceedings against Sam Bankman Fried and the crypto exchange FTX. It is…

Employees of FTX are encouraged to keep their life savings in the Exchange

  Concerned about China’s rise, FTX moved its headquarters to the Bahamas immediately. Many employees view FTX as a bank they can deposit their savings. Their money is most likely gone. The sudden and unexpected fall in the exchange has…

Biggest Movers: XMR and LEO Move Towards 1-Week Maximums on Thursday

  Unus sed Leo was a notable gainer Thursday as the token surged to a one-week high. This move comes as crypto markets appear to have settled a week after the turbulence that was caused by the FTX crash. Monero…

CZ Responds to Nouriel Roubini’s Negative comments

  Changpeng Zhao (CZ), Binance CEO, seems to have received many comments about him, both good and bad. He said that despite all the attention he received, he was able to focus on the task at hand. CZ stated that…

The New FTX CEO Slams the Crypto Exchange’s Management During Sam Bankman–Tenure Fried’s

  John J. Ray III, the new CEO of FTX, criticized his predecessor Sam Bankman-Fried for “unprecedented” poor managerial practices in a series documents filed in Delaware. Ray, who was previously in charge of financial crises like Enron, claimed that…

The Blockchain Association is attempting to intervene in the SEC’s Lawsuit Against Ripple

  The Blockchain Consortium has joined other companies and organizations in supporting Ripple Labs Inc. in an ongoing suit between the SEC & Ripple. The SEC filed a lawsuit against Ripple, along with two of its senior executives, in December…