IMF warns about crypto-Asian equities market linkage
According to the IMF, the further integration of crypto and the Asian equity markets could endanger the stability of financial systems. It makes reference to the possibility of increasing spillover between the two markets as a result of the growing volatility correlation between Bitcoin and stock. The International Monetary Fund (IMF) issued a thorough blog […]
CEO of Zipmex refuses to resign despite company’s problems
Only until customers have received a complete refund will Zipmex CEO Marcus Lim and Co-Founder Akalarp Yimwilai resign. Marcus Lim, the founder, and CEO of the Thai-based cryptocurrency platform Zipmex, declared he would continue to lead the business unless the company’s new big owners forced him to step down. Last month, the company stopped allowing […]
Fortnite creator backs blockchain racing game from Animoca
For the upcoming blockchain-based peer-to-peer racing game Torque Drift 2, Epic Gaming has just provided support to the independent games division. Epic Games has provided funding to Australian independent game developer Grease Monkey Games, a division of Animoca Brands, to create the new blockchain-based racing game Torque Drift 2. The Epic MegaGrant will be used […]
US Trustee requests investigation of Celsius transparency issues
The Trustee in charge of Celsius bankruptcy case has asked an examiner to help clarify a number of intricate matters. A third-party examiner should be appointed to “untangle” the financial affairs and business activities of the troubled network, according to the United States Trustee managing Celsius bankruptcy proceedings. The US Trustee has requested an examiner […]
MMORPG halted as crypto investors left; denies misusing funds
The developer of the “Pokémon-like” game Untamed Isles, Phat Loop Studios, has cited the collapse of the crypto market as the cause of its investors’ exodus. Phat Loop Studios, the business criticized last week for canceling the crypto and Kickstarter-funded MMORPG game Untamed Isles, denies claims that they misappropriated backers’ funds by investing in cryptocurrencies. […]