Hedge fund Galois Close Shop as 50% of its assets are stuck on FTX
Kevin Zhou, Galois’s co-founder, claims the fund is no longer functional and has stopped all trading as it is not viable post-FTX. After half of its assets were stuck on…
About 24% of New Tokens in 2022 Were Likely Pump and Dump Schemes.
The study discovered that creators of the pump and dump tokens made roughly $30 million in profits while the victims invested $4.6 billion. A recent study by blockchain analytics firm…
OKX Releases Fourth Proof of Reserves Report With $8.6Billion in ‘Clean Assets’
Over over 175,000 unique users have flocked to OKX’s PoR page to verify their holdings. OKX released its fourth monthly Proof of Reserves (PoR) enabling its users to verify that…
Illinois’s State Bill Threatens the Key Features of Blockchain
Sen. Peters introduced a bill under the Digital Property Protection and Law Enforcement Act.The defaulters of the law will face a civil penalty of up to $10,000.In the State of…
JPMorgan Reduce Coinbase Stock Price Objective
On Friday morning, Coinbase’s stock dropped 0.59% to $65.20.The key reasons for the change in view include continuous regulatory concerns.According to a report released by JPMorgan on Friday, analysts have…
Tough Times As Chinese Tech Company Tencent Sack 300 Staff.
Tencent has scrapped developing a specialized metaverse ring controller.The company’s interest in the field was reignited in 2021.Tencent one of the largest Chinese tech firms has laid off around 300…
Ukraine Prepones Pilot Launch of Digital Hryvnia To 2023
When the pilot phase was first proposed, it was set to begin in 2024. The Stellar Development Foundation was selected as a partner by the ministry. Mykhailo Fedorov, the minister…
Solana Is Now Bullish With New Updates Coming Up
Solana (SOL) recorded a 310% increase in its 24-hour trading volume.L1 blockchain Helium Network will migrate to Solana on March 27.After a deep bearish trough since the start of February,…
Bitcoin Surpass Visa by Market Cap
Bitcoin (BTC) Become the 11th largest asset by market cap. BTC has a $2 billion market capitalization over Visa.The largest cryptocurrency “Bitcoin (BTC) overtook Visa” to rank as the eleventh-largest…
FlokiFi Locker Exceeds $31.5 Million in Total Value Locked.
FlokiFi Locker surpassed $31.5 million in TTVL.Floki is currently trading around $0.00004807.The FlokiFi Locker has now surpassed $31.5 million in Total Value Locked (TVL), showing the continued growth in popularity…