Coinbase Rating Changed From Buy to Neutral by Bank of America
Since its all-time high of $357.39 on November 9, 2021, the price of COIN has fallen 86%. Analysts did not seem to be soothed by Armstrong’s statements of assurance.As of…
Vitalik Buterin Proposes Implementation of ZK-SNark Feature
Vitalik stressed the importance of ZK-SNARKs in reducing complexity.Ethereum’s co-founder also highlighted the significance of the Validium smart contract.Vitalik Buterin, co-founder of Ethereum, recently sent a letter proposing a proposal…
Former FTX CEO Reportedly Pocketed $300M From 2021 Funding
The report specifies that the money was raised in October 2021. Current CEO John Ray has raised doubts about FTX’s financials.According to the WSJ, FTX’s ex-CEO Sam Bankman-Fried personally pocketed…
Tether to Transfer $1B USDT From Solana to Ethereum Network
From its all-time high of $256, it has dropped 95 percent to its current price of $12.96. Solana has taken a significant hit post the FTX fall. To move USDT…
South Korea Confiscates Over $100 Million from Terra’s Co-founder
The seizure is intended to prevent the Terra executive from disposing of the assets before his trial this week.South Korean prosecutors have seized more than $100 million worth of assets…
‘Metaplex’ Solana NFT Protocol Maker Lays Off Employees
The firm got off to a great start having raised $46 million from investors.The business even released its native governance token, MPLX, in September.A wave of layoffs at Metaplex, a…
CK Zheng Speculates FTX Is Last to Wash Out in This Stressful Crypto Winter
The Co-founder of a Hedge fund points to FTX’s decline.He says, “FTX will be the last to wipe out in this bearish market.Crypto winter is yet to wash away all…
CEO and Founder of Coinbase Bullish Despite Rival FTX Fall
Coinbase CEO Armstrong referred FTX former CEO as “one bad actor.”The head of Coinbase has also called for clearer regulations.CEO and founder of Coinbase, Brian Armstrong, has spoken out about…
Twitter Conflict Lead Paul Weiss to Fire Former FTX CEO Bankman-Fried
Paul Weiss’s counsel Martin Flumenbaum no longer defending Sam Bankman-Fried.David Mills will now serve as Sam Bankman-Fried’s representative.Sam Bankman-Fried, the former CEO of the bankrupt cryptocurrency exchange FTX is shedding…
Tether Ensures No Risk From USDT on Solana Tanks Further
Leading crypto companies such as Tether are scrambling to reassure users that their products and services are free of FTX and Alameda contagion. The world’s largest stablecoin issuer, Tether, has…