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Global Cryptocurrency exchange platform Market Size to grow USD 347.5 Billion by 2030 | CAGR of 30.08%

November 16, 2022 5 mins read

New York, United States , Nov. 16, 2022 (GLOBE NEWSWIRE) — The Global Cryptocurrency Exchange Platform Market Size to grow from USD 32.77 billion in 2021 to USD 347.50 billion by 2030, at a Compound Annual Growth Rate (CAGR) of 30.08% during the forecast period. The sector is expanding due to growing public awareness of cryptocurrencies and their benefits, including flexibility and security. Due to the development of blockchain technology, there is

Will the price of the Trust Wallet Token (TWT) reach $4 before 2023?

November 15, 2022 9 mins read

Trust Wallet is a mobile app that enables users to store crypto. The company’s native token was initially introduced on Binance Chain as a Bep-2 token, was later rebranded as a Bep-20 token on the Binance Smart Chain in 2020. Investors in the Trust Wallet Token are bullish on the token because it has experienced an ROI of more than 162 times over the last two years. TWT’s price increased

Will Shiba Inu (SHIB) Hit $0.00002 Before the end of 2022?

November 14, 2022 6 mins read

Shiba Inu (SHIB) is currently trading at $0.00000922 with a 24-hour trading volume of $327,077,480, according to CoinMarketCap. SHIB, on the other hand, has dropped by nearly 0.2% in the last 24 hours. Furthermore, there are 589,372,293,271,537 Shiba Inu (SHIB) in circulation. Shiba Inu (SHIB) is currently traded on some of the largest crypto exchanges including Binance, Coinbase Exchange, KuCoin, OKX, MEXC, and Gate.io. What is Shiba Inu (SHIB)? Shiba

Visa cancels the global FTX Debit Card agreement

November 14, 2022 1 min read

Visa’s spokesperson told Reuters that the situation with FTX crypto exchange is “unfortunate” and that the company is “monitoring developments closely.” Visa, the world’s largest payment processor, has severed ties with FTX less than a month after launching a new debit card program. In October 2002, Visa announced a partnership with FTX to launch account-linked Visa debit cards in 40 new countries. Following its introduction to US customers, the partnership

FTX CEO sold FTX stock to employees at a 50% discount in the spring, according to sources

November 11, 2022 1 min read

In the spring, FTX exchange CEO Sam Bankman-Fried offered employees a 50% discount on equity in the company. According to a person familiar with the situation, FTX CEO Sam Bankman-Fried sold equity in the company to employees at a 50% discount in the spring. According to the person, approximately 20 people were fired in June across the organization due to poor performance. Separately, Zane Tackett, former head of institutional sales

Genesis Trading claims that $175 million is locked up in the FTX following the exchange collapse

November 11, 2022 1 min read

As it did following the bankruptcy of 3AC, Genesis Trading, the most recent company to declare exposure to FTX, may seek assistance from its parent company. Genesis Trading, the market maker and lending arm of Digital Currency Group, disclosed that its derivatives business has about $175 million in funds stashed away in an FTX trading account in what it describes as an effort to be transparent. The information was released

US Senators are advancing a bill to enhance oversight of cryptocurrencies

November 11, 2022 1 min read

The bipartisan authors of a Senate bill that would enhance oversight of cryptocurrencies like bitcoin that are regarded as digital commodities in the US intend to move forward with the legislation. The strongest industry supporter of the legislation, dubbed the Digital Commodities Consumer Protection Act, was embattled FTX CEO Sam Bankman-Fried. The proposed legislation would increase the authority of the Commodity Futures Trading Commission, one of the two U.S. market

Celsius files a motion before its ‘reorganization’ plan

November 10, 2022 1 min read

Celsius, a troubled cryptocurrency lender, said it filed a motion with a US court asking for more time to come up with a reorganization plan. The company is now in bankruptcy proceedings, months after freezing billions of dollars in customer funds in June. Celsius declared Chapter 11 bankruptcy in the Bankruptcy Court for the Southern District of New York in July, about a month after suspending customer withdrawals. The initial

Cardano’s founder states that short-term events won’t stop the crypto revolution

November 10, 2022 1 min read

Cardano co-founder Charles Hoskinson recently took to Twitter to emphasize that short-term events will not derail the crypto revolution. Hoskinson went on to say that cryptocurrencies and blockchain technology are transforming the world. The CEO went on to say that today is Wednesday, and that there will be more Wednesdays to come. A GIF of a honey badger attempting to attack a king cobra is also included in the tweet.

Binance could control more than 80% of the global crypto market if it fully acquires FTX exchange

November 9, 2022 1 min read

Research has shown that the deal to acquire FTX might benefit Binance much more than just gaining a sizable portion of the holdings of the trading platform. In fact, Will Canny of CoinDesk reported on November 9 that a study by private wealth manager Bernstein suggested that the combined business that would result from the purchase agreement between Binance and FTX could give the former a greater than 80% share

Lack of FTX buyer would leave “giant hole” in crypto markets, claims Circle CEO

November 9, 2022 1 min read

According to Circle CEO Jeremy Allaire in an appearance on CNBC on Wednesday, the collapse of FTX was “sort of a shock” and highlighted the lack of public access to the company’s balance sheet. If no one buys FTX and its assets, Allaire said, it would leave a “giant hole” that would be “far worse” than what investors and markets are worried about right now. In addition, Allaire was asked

DeFi exchange, backed by Wintermute Bebop is now available on Polygon and Ethereum

November 9, 2022 1 min read

Bebop is debuting on Polygon for all users after rolling out a whitelisted service for traders on Ethereum over the summer. Bebop will be designed to draw newcomers to the industry even though the platform is supported by Wintermute, an institutional-grade market maker in the decentralized finance space. It intends to accomplish this through a few crucial features. First off, there are only a few buttons available to users on