Temasek Halts Crypto Efforts Due to Regulatory Uncertainty
The CEO of Temasek described the agonizing experience of having to write down its $275 million investment in FTX. Temasek, Singapore’s sovereign wealth fund, has announced that it has no current intentions to invest in cryptocurrency exchanges due to regulatory uncertainty in the market, according to Chief Investment Officer Rohit Sipahimani. During his interview with […]
FTX Debuts Creditors Claim Portal
The troubled FTX Derivatives Exchange has launched a Claim portal as the initial step in its effort to return creditor funds. The bankrupt digital currency trading platform FTX Derivatives Exchange has launched a ‘Claim’ portal allowing all its creditors to file official claims as one of the first stages toward recovering their locked funds from […]
Binance Offers Bitcoin At $3K Discount
On Binance, Bitcoin is selling for just over $27,500.US, a discount of roughly $3,000 compared to global spot prices. Bitcoin is available at a discount of nearly $3,000 on Binance.US, which is substantially better than global spot prices; however, there is one catch. On July 9, many crypto users observed a widening price disparity between cryptocurrencies listed […]
Why Vitalik Buterin Suggests Bitcoin Scaling Solutions
This year, Vitalik Buterin lauded the development of Bitcoin Ordinals, stating that they represent a return to “builder culture.” Bitcoin (BTC), the largest cryptocurrency in the world, has firmly established itself as a store of value. However, some crypto devotees view the Bitcoin ecosystem as more than a payment system. Vitalik Buterin, a co-founder of […]
Cardano Community to Expect Hydra Pay Protocol
The Cardano community may soon embrace the Hydra Pay protocol, a decentralized payment system powered by users. Unbeknownst to many, Cardano (ADA) protocol developers drive innovation in novel ways. The community should anticipate a new decentralized payment system powered by Cardano-based layer-2 solution Hydra Head and compatible with Web 3.0 wallets in the network, according […]