BlockFi has signed a term sheet with FTX involving a $400 million credit facility and an option to buy. Depending on BlockFi’s performance in the coming months, FTX could acquire the firm for $240 million. BlockFi ran into financial difficulty following the tragedy of Celcius and other crypto lending firms imploding. After weeks of speculation, FTX and BlockFi have put […]

A man in County Down, Ireland has lost all his money to a crypto scam. How One Man Lost Everything to a Fake Crypto Scheme The victim – who wishes to remain anonymous – is alleged to have invested a six-figure pension sum into a fraudulent cryptocurrency company. He’s now telling other people to avoid the scam and what they […]

The crypto markets are facing unprecedented times. Crypto prices have been falling, crypto companies are announcing staff layoffs, cryptocurrency-based crime is on the rise and so are crypto-related legal cases. Are the crypto market wheels ultimately falling off? The crypto markets went into a downward spiral following the collapse of the algorithmic stablecoin TerraUSD and its sister coin, LUNA, in […]

The interest in Decentralized Finance (DeFi) over the past two to three years has made it one of the fastest-growing areas in the decentralized web ecosystem. DeFi generally refers to the provision of peer-to-peer financial services over mostly public blockchains, through the use of smart contracts thereby eliminating the need for financial third parties or intermediaries in the execution and […]

Solana is one of the most robust blockchains with a forward-looking approach to crypto projects. It features some of the best-designed platforms, DeFi apps, and NFT collections and hosts one of the most popular Move-to-Earn tokens (STEPN). If you are looking for an easy-to-understand overview of the top five crypto coins and tokens in the Solana Ecosystem, this article will […]

Summary: India’s crypto tax regime came into effect on July 1, 2022. Exchanges like CoinDCX, WazirX, and ZebPay have seen drops in trading volume as high as 87% since the policy came into effect. Bloomberg said high-frequency traders and market makers might increasingly leverage other options. Decentralized exchanges could become the preferred destination for traders. Indian officials first announced its […]

VerticalCrypto Art is pleased to announce ‘Proof of People’, London’s first immersive three-day festival showcasing art, fashion and music through the lens of the metaverse culture and NFT-backed technology, held at the iconic London venue Fabric from July 6-8. “‘Proof of People’ is a curatorial exploration of the autonomy of the person in the artistic process. The three-day festival will […]

The government of the United Kingdom is asking the public for input on the taxation of crypto asset loans and staking in the context of Decentralized Finance (DeFi). DeFi is an umbrella term that refers to financial applications that are built on top of blockchain technology. This could include anything from lending to borrowing and staking platforms. In particular, the […]