Crypto - Optimisus

CoinDesk is reportedly exploring options for a partial or complete sale of the company

1 year ago 1 min read

CoinDesk’s Potential Sale Sparks Speculation

Digital Currency Group (DCG), the parent company of CoinDesk, a popular cryptocurrency-focused news site, is reportedly exploring options for a partial or complete sale of the company. This news comes amid reports of liquidity issues for DCG, which is owned by Barry Silbert. CoinDesk CEO, Kevin Worth, announced that the company has hired investment bankers from Lazard Ltd to help explore the potential sale. According to The Wall Street Journal, Worth stated that the company has received “numerous inbound indications of interest” in CoinDesk. However, it is unclear if the company had previously considered a sale or if this is

Poloniex is celebrating its 9th anniversary

1 year ago 2 mins read

Poloniex celebrates its 9th anniversary

Panama City, Panama, 18th January, 2023 Poloniex is celebrating its 9th anniversary this year as one of the most well-established global crypto exchanges, with more products and services to be launched in the coming months. Entering into a decade on January 18, 2023, Poloniex kicked off with a fresh start by revamping its website and app with a new user interface along with a new slogan – “Connecting you to the power of crypto”, which reflects Poloniex’s determination to empower more people to achieve financial success and experience revolutionary changes that cryptocurrency presents. Moreover, Poloniex starts off the new year

1 year ago 1 min read

Hong Kong Crypto Layoffs: Singapore’s Amber Group Downsizes Workforce

Singapore-based digital asset management firm Amber Group has reportedly cut its Hong Kong staff by half, from 80 to 40 people. According to a report by the South China Morning Post, Amber has cut its compliance workforce in Hong Kong to just five people from 20, and made its entire auditing team redundant. The report also states that payments to many of the company’s third-party vendors have been delayed, in some cases by up to six months. Amber was founded in 2017 in Hong Kong, but later moved its head office to Singapore. The company had previously stated that it

Coinbase exchange has announced it has listed Kava

1 year ago 2 mins read

Coinbase Lists KAVA, Advancing Ethereum–Cosmos Interoperability

San Francisco, California, 18th January, 2023, Chainwire Today, Coinbase has listed Kava and will launch a massive Learning Rewards Campaign to educate its user base about how Kava is leading the world to Web3. Kava is a decentralized layer-1 blockchain that combines the speed and interoperability of Cosmos with the developer power of Ethereum. Kava has spent the last year building a deep integration with Coinbase that optimizes the process for Cosmos SDK chains to integrate with Coinbase helping to drive new liquidity to the Cosmos ecosystem. Unlocking Cosmos LiquidityCoinbase’s native integration with Kava allows for easy listing of Kava ecosystem projects,

1 year ago 2 mins read

Fasttoken holds the public sale of its cryptocurrency, FTN

Tortola, British Virgin Islands, 18th January, 2023 Fasttoken (FTN) is excited to announce its initial exchange offering (IEO), set to take place from Jan. 18 to 20, 2023. A limited number of 10 million tokens will be available for public sale, with a price of 0.35 euro per token. Fasttoken is the official cryptocurrency of Fastex, a complete Web3-driven ecosystem that includes Fastex Chain, Fasttoken, ftNFT marketplace, Fastex Pay and the ecosystem’s metaverse, Fastex Verse. The Fastex ecosystem is designed to provide a seamless and integrated experience for users, allowing them to engage easily with the various features and services offered within

Polkadot leads the way in cross-chain interoperability

1 year ago 1 min read

Polkadot expands cross-chain capabilities for enhanced collaboration

The XCM protocol also boasts improved performance of up to 10 times faster than its predecessor. This will allow users to execute transactions more quickly and securely. Additionally, the protocol allows for more complex logic to be applied to transactions, such as the ability to lock tokens to an address or only allow certain types of transactions. The introduction of XCM version 3 is the latest step in Polkadot’s push to create a decentralized platform that can support multiple blockchains and provide interoperability between them. The XCM protocol is a crucial part of this mission, as it allows for communication

1 year ago 1 min read

Court documents reveal FTX executives raised concerns about client fund usage

The former CEO of FTX crypto exchange is being accused of using customer funds for personal gain, such as buying luxury real estate, making political contributions, and trading at another company named Alameda. Two high-level software developers at FTX raised concerns about the missing funds, but their names have not been revealed. However, Gary Wang and Nishad Singh, who helped found FTX with the CEO, have been named in public charging documents. Both Wang and Alameda CEO Caroline Ellison have pleaded guilty to fraud, while Singh has not been charged. The U.S authorities have warned that the CEO is a

FTX has defended its decision to appoint law firm

1 year ago 1 min read

FTX justifies appointment of Sullivan & Cromwell as legal advisor

Cryptocurrency exchange FTX has defended its decision to appoint law firm Sullivan & Cromwell (S&C) as an advisor in response to objections raised about the move. In a filing on January 17th, FTX stated that S&C’s role at the bankrupt exchange was of “critical importance,” citing how its information sharing with U.S. prosecutors and regulators led to the charge and arrest of Sam Bankman-Fried (SBF) and his accomplices. The filing also stated that claims that S&C’s previous advisory role with the exchange could lead to a potential conflict of interest were false, as the law firm had performed a conflicts

1 year ago 1 min read

Coinbase halts operations in Japan, requests customers to withdraw holdings

Coinbase, one of the world’s largest cryptocurrency exchanges, has announced that it will halt its operations in Japan. The company has asked its Japanese customers to withdraw any crypto and fiat holdings by February 16th, as it conducts a “complete review” of its business in the country. According to a blog post by Coinbase, after February 16th, any remaining crypto holdings will be converted to Japanese yen and sent to a Guaranty Account at the Legal Affairs Bureau in accordance with legal requirements. Customers will then need to coordinate with the Legal Affairs Bureau to retrieve their balance. Additionally, fiat

1 year ago 4 mins read

IPVERSE (IPVN) Is Now Available for Trading on LBank Exchange

INTERNET CITY, DUBAI, 18th January, 2023 LBank Exchange, a global digital asset trading platform, listed IPVERSE (IPVN) on January 17, 2023. For all users of LBank Exchange, the IPVN/USDT trading pair is now officially available for trading. As a digital contents protocol project using NFT, IPVERSE (IPVN) builds a network for trading all kinds of Intellectual Properties (IPs). Its native token IPVN has been listed on LBank Exchange at 8:00 UTC on January 17, 2023, to further expand its global reach and help it achieve its vision. Introducing IPVERSEThe IP market is undergoing rapid growth due to its extensive reach societally, technologically,

1 year ago 1 min read

Polygon-based Intella X raises $12 million before Q1 launch

Web3 gaming platform Intella X has raised $12 million in funding ahead of its launch on the Polygon blockchain. The platform, developed by South Korean gaming firm Neowiz in partnership with Polygon, aims to remove high entry barriers and improve user experience in web3 gaming through features such as streamlined wallet creation and meta transactions. A number of prominent investors participated in the funding round, including Animoca Brands, Magic Eden, Planetarium, Big Brain Holdings, Crit Ventures, JoyCity, Pearl Abyss, XL Games, Wemix, and Global Coin Research. Intella X plans to reward contributors to its ecosystem, including game developers and users,

Binance burned $600 million worth of crypto

1 year ago 1 min read

Binance burns $600 million BNB coins

Binance, the leading cryptocurrency exchange, has just announced its latest quarterly $BNB token burn. Over 2.06 million tokens were destroyed, worth a combined $600 million. This comes as part of Binance’s mechanism to help reduce the cryptocurrency’s supply from 200 million to 100 million over time. The burn included 7,181.03 tokens from Binance’s Pioneer Burn Program, in which Binance compensates users for tokens sent to unrecoverable addresses. Additionally, 2,057,313.29 BNB were burned through the auto-burn system. In October 2021, BNB Chain, the native network of the $BNB token, introduced the BEP-95 protocol, which adds an additional deflationary aspect by burning