The firm withdrew its remaining balance from FTX at the eleventh hour, and topped weekly fund outflows from the troubled exchange. According to a post dated Nov. 8 by crypto lender Nexo, the firm stated that it currently has net zero exposure to the ongoing crisis embroiling cryptocurrency exchange FTX and crypto trading firm Alameda...Continue Reading

The exposure amounts represents a small fraction of the firm’s $1.5 billion in liquidity. In its latest quarterly earnings call on Nov. 9, blockchain financial services firm Galaxy Digital disclosed that it had an exposure of $76.8 million consisting of cash and digital assets to troubled cryptocurrency exchange FTX. Of this amount, Galaxy Digital said...Continue Reading

There are at least four countries that have either scrapped or halted CBDC plans so far, and each central bank has its own reasoning for not launching one. As countries around the world race to launch a central bank digital currency (CBDC), some jurisdictions have slowed down or dropped out of the race altogether. While...Continue Reading

Further losses come in step with confusion over the future of FTX under Binance, while CPI data looms on the horizon. Bitcoin (BTC) fell below $17,000 on Nov. 9 as rumors spread over crypto exchange Binance exiting a deal to buy embattled competitor FTX. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Binance CEO: “Do not trade...Continue Reading

Swedish researcher Eric Wall highlighted StarkNet’s influence on Ethereum’s scalability as he joins the board of the newly formed StarkNet Foundation. Ethereum layer-2 scaling platform StarkWare has officially launched the StarkNet Foundation with the introduction of a diverse board that aims to safeguard Ethereum’s decentralization and censorship resistance. Seven individuals, including key members from the...Continue Reading

“People now think we are the biggest and will attack us more,” said Changpeng Zhao in a letter updating staff on the situation with FTX. Changpeng Zhao, the chief executive officer of crypto exchange Binance also known as “CZ,” warned users its intention to acquire FTX may invite scrutiny from global regulators — but the...Continue Reading

Private equity firm Thoma Bravo led the expansion round, bringing the total amount raised to $130 million. Blockchain-based intelligence company TRM Labs has announced a $70 million expansion to its Series B funding round, bringing the total raised to $130 million, announced the company on Nov. 9. Among the world’s largest private equity firms, Series...Continue Reading

Bitcoin integration is not on the immediate roadmap for blockchain bridge support via MetaMask Bridges, a MetaMask executive said. Blockchain software technology firm ConsenSys continues working on expanding blockchain interoperability by introducing a new tool to the MetaMask wallet. Metamask users can now bridge across multiple blockchain networks using MetaMask Bridges, which aggregates different blockchain...Continue Reading

Fractional NFTs enable users to divide an NFT into multiple fractions, reducing the barrier to entry for investing in real-world assets. While nonfungible tokens (NFTs) are currently suffering in the bowels of a bear market, some are using this time to build and develop new concepts with the technology. Once such new concept is fractional...Continue Reading

The Facebook parent company announced it will let go of approx. 13% of its current workforce in the first mass layoff in the company’s history. The Facebook parent company Meta announced that about 13% of its current workforce has been cut in the first mass layoff in the company’s history. In a letter to his...Continue Reading