Kevin O’Leary has expressed concerns about the possible bankruptcy of unregulated exchanges following the collapse of FTX. He cited the current massive outflows recorded by unregulated exchanges and other indices as factors behind his prediction. Despite potential bankruptcies, he insists he will continue doubling down on his BTC holdings.  The implosion of FTX has left negative footprints in the industry, […]

The former head of FTX US is launching a new cryptocurrency software company and has raised $5 million from several investors, according to Bloomberg.  Brett Harrison, who served as president of FTX US between May 2021 and September 2022, has received backing from Coinbase Ventures and Circle Ventures to launch a new software startup. SALT Fund, Motivate VC, P2P Validator, […]

2022 was a bad year for crypto. Bitcoin and many leading forms of digital currency have crashed, but that doesn’t mean all the crypto companies out there are turning their backs on their respective industries. Several companies in Calgary, Canada – like Bitvo Inc. – still believe crypto has a fighting chance, and they’re refusing to give up on this […]

The uptrend of Ripple (XRP) has been stopped near the $0.40 resistance since January 14. Long-term forecast for Ripple price: bullish The resistance at $0.40 has not been breached since November 10. This means that the value of the cryptocurrency will again fluctuate in a price range between $0.31 and $0.40. Last week, the price of XRP fluctuated between $0.38 […]

Genesis Global has officially filed for bankruptcy Gemini provides an important update to its Earn program users. Gemini Earn customers who lost billions owing to its partner firm Genesis are still holding out hope of getting their money back as the crypto lender files for bankruptcy. Cameron Winklevoss, one of the founders of Gemini, has provided an update to the […]

While traditional asset classes fail to foster broader adoption among women, crypto seems to have found success in bringing women on board, according to a recent survey.  Data sent to Cointelegraph by the eToro team highlighted that crypto is now the second most widely-owned asset class for women, second only to cash. This comes from eToro’s latest Retail Investor Beat, […]

Several crypto industry commentators have laid skepticism on FTX CEO John Ray’s vision to potentially reboot the crypto exchange, citing trust issues and “second-class” treatment of customers as some reasons why users may not “feel safe to go back.” Former FTX CEO Sam Bankman-Fried tweeted on Jan. 20 praising John Ray for looking at a reboot of FTX, suggesting it […]

Trump NFTs daily sales surge by 800% Former United States President Donald Trump’s nonfungible token (NFT) trading card collection has witnessed a massive resurgence in daily sales volume in recent days. Compared to Jan. 17 sales volumes, Jan 18. and Jan. 19 saw spikes of 800% and 600% respectively, according to market metrics aggregator Cryptoslam. Some pundits believe the renewed […]

The final nail in the coffin appears to have been placed as the much-expected bankruptcy occurred this Thursday. Genesis Global Capital, one of the popular crypto lending platforms that handle a large share of the crypto lending transactions has finally filed Chapter 11 Bankruptcy protection in the New York federal district court.  All of it began with the fallout of […]