Alex $ERC20 Token

18 ноября 2022 10:49

Fresh crypto rate ❤️

Alex $ERC20 Token

17 ноября 2022 14:58

Binance Suspends USDT and USDC Deposits on the Solana Blockchain

Cryptocurrency exchange Binance has temporarily stopped deposits in Tether (USDT) and USD Coin (USDC) stablecoins issued on the Solana network. The company did not explain the reason for the decision.

The OKX platform announced the delisting of asset control. Users also report that a similar decision has been made by Bybit.

When trying to deposit USDT on the Solana network on the Bybit exchange, a message appears saying "Deposits are temporarily unavailable on the selected network." According to the message, the reason is wallet maintenance.

Binance declined to comment on the situation around the suspension of operations.

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17 ноября 2022 06:37

Genesis Trading Suspends Crypto Lending Operations

Cryptocurrency OTC platform Genesis Trading has frozen the withdrawal of funds and the issuance of new loans. This came amid "increased demand" from customers following the collapse of FTX.

The changes did not affect trading operations in the spot and derivatives markets, as well as custodial services, which remain "fully operational".

“The default of Three Arrows Capital(3AC) negatively affected the liquidity and duration of the Genesis Global Capital portfolio. Since then, we have reduced portfolio risk and strengthened our liquidity profile and the quality of our collateral. FTX's troubles have caused unprecedented turmoil in the market. They resulted in increased withdrawal requests that exceeded our current liquidity,” the company explained.

Alex $ERC20 Token

17 ноября 2022 06:27

Good cheerful morning! The latest crypto rate is here!

Alex $ERC20 Token

16 ноября 2022 08:02

Sam Bankman-Fried: things could have turned out much worse

The former head of FTX, Sam Bankman-Fried (SBF), in an interview with the New York Times, repeatedly expressed regret about the collapse of the bitcoin exchange and admitted that events could have developed in a more dramatic manner.

According to him, the margin position "was significantly larger than he thought" - "billions of dollars." He would be glad if she were smaller.

The SBF agreed that it expanded its business interests too quickly and missed signs of trouble.

Sam Bankman-Fried declined to provide details, speculate on the subject of imprisonment or disclose his location, citing security concerns.

He admitted that lately he's been sleeping and playing video games that "clear your mind and help you relax."

Alex $ERC20 Token

16 ноября 2022 07:34

Circle adds Apple Pay support for USDC payments

Circle, the company behind one of the largest USDC stablecoins, announced support for payments using the Apple Pay system.

In this way, Circle hopes to “bring together” traditional payment systems and cryptocurrencies. Apple Pay is a very popular payment method. There are more than 1.8 billion Apple devices in the world, and in America the system is second only to PayPal.

Support for Apple Pay could boost sales for crypto businesses by making it easier for users to pay for their services and products. In addition, through USDC and Apple Pay, users will be able to buy cryptocurrencies on any exchanges.

Alex $ERC20 Token

15 ноября 2022 20:35

Cristiano Ronaldo to Launch NFT Collection on Binance

Manchester United player Cristiano Ronaldo announced the launch of his first NFT collection on the Binance cryptocurrency exchange.

The set includes seven animated statues depicting Ronaldo during the iconic periods of his career.

"It's important to me that we create something memorable and unique for my fans, as they are a big part of my success," said Cristiano Ronaldo.

Alex $ERC20 Token

15 ноября 2022 12:15

Bloomberg called it unlikely that FTX clients will return their funds

FTX's liquid asset holdings are only $900 million, while its liabilities are estimated at ~$9 billion, according to a presentation to investors that the bitcoin exchange prepared before filing for bankruptcy, writes Bloomberg.

According to the document, the exchange held $3.2 billion in illiquid assets, $5.5 billion in less liquid assets.

Bloomberg also recalled the unauthorized withdrawal of assets from the platform in the amount of $ 447 million, according to Elliptic. This will also affect the potential amount of funds that will be refundable to customers.

Alex $ERC20 Token

14 ноября 2022 18:53

Vitalik Buterin donates 20 million DOGE to the Dogecoin Foundation

The Ethereum co-founder donated roughly $2.9 million in the foundation’s native cryptocurrency to the Dogecoin Foundation, and the foundation immediately sold the tokens, making perfect use of the time to pump DOGE.

According to the blogger @CalisCihan, Vitalik Buterin transferred 20 million DOGE. @CalisCihan cites Dogecoin news spreader Mishaboar, who confirmed the transaction by sharing a watch link in Dogecoin Explorer.

Alex $ERC20 Token

14 ноября 2022 10:20

Kraken freezes FTX and Alameda accounts

Cryptocurrency exchange Kraken, at the request of law enforcement agencies, blocked accounts belonging to the FTX Group, which filed for bankruptcy, including Alameda Research, as well as their leaders.

Funds of other users are not affected.

The platform explained the decision by "protection from creditors."

Speaking to Cointelegraph, the exchange said the blocked funds may be related to “fraud, negligence or misconduct in FTX operations.”

Alex $ERC20 Token

14 ноября 2022 09:30

Good morning! Fresh crypto rate!

Alex $ERC20 Token

13 ноября 2022 09:21

Changpeng Zhao: “We will see the fall of several more cryptocurrency companies”

Binance CEO Changpeng Zhao believes that with the bankruptcy of the FTX exchange and affiliates, the crisis in the market is not over - the consequences will be more lasting.

“After FTX went down, we will see a cascading effect. Especially strong for those who were close to the FTX ecosystem, they will receive negative consequences,” Zhao said at a conference in Indonesia.

Already, several companies have raised concerns about FTX's bankruptcy. For example, the BlockFi cryptocurrency credit service announced the suspension of the withdrawal of funds. Also in a difficult situation was the credit service Voyager Digital, which was hoping for $1.4 billion from FTX.

Alex $ERC20 Token

12 ноября 2022 13:40

Vitalik Buterin spoke about the bankruptcy of FTX

All week long, the cryptocurrency industry has been shaking with events surrounding the FTX exchange, but Ethereum co-founder Vitalik Buterin has not commented on the situation. Now he called her "painful."

The collapse of the FTX exchange and its sister company Alameda Research attracted the attention of not only participants in the cryptocurrency industry, but also law enforcement agencies and regulators. As in other similar cases, there were suspicions of fraud on the part of the founder of the site, Sam Bankman-Fried (Sam Bankman-Fried).

“MtGox looked suspicious and never really tried to whitewash herself, with Luna the same story. The FTX exchange, on the contrary, was completely “white” and declared full compliance with the requirements of the regulators (although this does not mean that it actually complied with them). The second type of fraud hurts much deeper than the first,” wrote Vitalik Buterin on the social network Twitter.

Alex $ERC20 Token

12 ноября 2022 06:35

Hello. Good morning never happens, especially with such a course, but we do not despair!)

Alex $ERC20 Token

05 ноября 2022 14:15

UK authorities will evaluate the pros and cons of NFT

An initiative group in the House of Commons of the UK Parliament has announced the launch of a new study that will assess the risks and benefits of non-fungible tokens (NFTs).

The study could be the first step towards regulating the NFT industry in the UK. The group will attempt to assess the extent to which investors in NFTs, especially speculators, can jeopardize the digital asset market. After the study is completed, the group plans to submit recommendations on industry regulation to the UK Treasury.

Alex $ERC20 Token

17 ноября 2022 19:08

New cover of The Economist magazine.

Alex $ERC20 Token

17 ноября 2022 06:43

Cryptocurrency exchange Gemini announced a possible withdrawal delay

Gemini is warning users of possible delays in withdrawing funds from Project Earn due to the suspension of the Genesis lending platform.

According to Gemini's announcement, the exchange's Earn Genesis lending partner Global Capital (Genesis) has suspended withdrawals and is unable to meet its obligations to customers.

The Earn product operated by Genesis allows users to earn interest on deposited crypto assets.

The exchange says it is in close contact with the Genesis team to assist clients trying to get their funds out of the Earn program as quickly as possible, and promises to provide more information in the coming days. The Gemini team says they are disappointed by the violation of the Earn maintenance agreement, but this event "will not affect other Gemini products and services."

Alex $ERC20 Token

17 ноября 2022 06:31

Reuters: US investors file class action lawsuit against Sam Bankman-Fried

A group of American investors have filed a lawsuit against the former head of the FTX cryptocurrency exchange, Sam Bankman-Fried. Reuters writes about this, citing court documents.

According to the publication, the plaintiffs allege that the platform's savings accounts offering yield in digital assets violate Florida state law.

Earlier, Bloomberg journalists reported that law enforcement agencies in the Bahamas and the United States are discussing the possibility of transporting Bankman-Fried to the United States for interrogation.

Alex $ERC20 Token

16 ноября 2022 18:22

WSJ: Crypto Lending Platform BlockFi Files for Bankruptcy

Crypto lending platform BlockFi is preparing to file for Chapter 11 bankruptcy. This is reported by The Wall Street Journal, citing informed sources.

On Nov. 11, the company said it would not be able to conduct business as usual and would limit operations due to a lack of clarity regarding the status of FTX and Alameda Research.

On November 14, BlockFi denied the information that most of its assets are stored on FTX. However, the company acknowledged that the platform has a credit line provided by the US division of the exchange, as well as outstanding obligations from Alameda Research.

Alex $ERC20 Token

16 ноября 2022 07:40

Changpeng Zhao named the most important requirements for crypto exchanges

The head of Binance, Changpeng Zhao, named the six most important, in his opinion, requirements for centralized exchanges.

The list includes the following:
- Do not put users' funds at risk;
- Never use native tokens as collateral;
- Disclose information about assets;
- Maintain significant reserves;
- Avoid excessive leverage;
- Strengthen and apply security protocols.

According to Zhao, adherence to the above principles is necessary for each exchange to ensure its credibility, especially amid the collapse of FTX.

“We cannot allow a few bad players to tarnish the reputation of the industry when it is still in its infancy,” wrote the head of Binance. “Our role is primarily to protect users.”

Alex $ERC20 Token

16 ноября 2022 07:30

Good morning! Fresh crypto rate!

Alex $ERC20 Token

15 ноября 2022 14:15

Changpeng Zhao: “Now is not the time for inexperienced investors to invest in cryptocurrencies”

Changpeng Zhao, CEO of the Binance cryptocurrency exchange, believes that the current time of turmoil in the cryptocurrency market is far from the best for investments, especially for beginners.

During a Twitter Q&A session, Changpeng Zhao urged inexperienced investors to refrain from investing until "the turbulence calms down." And, as usual, he urged to invest only those funds that the investor can afford to lose:

“You should not invest in cryptocurrencies the money you need to live next week or next month. You should use the extra money that you won't need for a long time, maybe a couple of years. It is very difficult to predict what will happen in the market, we are waiting for a period of high volatility and unpredictability. Therefore, if you are not very experienced, not too confident in yourself and cannot manage such risks, I would recommend waiting.”

Alex $ERC20 Token

15 ноября 2022 12:09

China hacker sentenced to 10.5 years in prison for stealing 383 ETH

The People's Court of Shangrao City, Guangxi Province, convicted a hacker who stole over 383 ETH from a victim's phone using a Trojan. This is reported by local media.

According to the case file, in the spring of 2018, the defendant used a Trojan to gain access to the imToken wallet on the victim’s phone. During March-April, he made over 520 withdrawals for a total of 383.6 ETH. Subsequently, the attacker exchanged these coins for 109,458 USDT.

After the arrest of the hacker, the police returned all the stolen assets to the victim.

The court sentenced the perpetrator to 10 years and six months in prison and a fine of 200,000 yuan (over $28,000).

Alex $ERC20 Token

14 ноября 2022 12:33

Tim Draper reiterates his $250,000 Bitcoin prediction

Billionaire Tim Draper, during his speech at Web Summit 2022, predicted the price of the first cryptocurrency to rise to $250,000 by mid-2023. It is reported by Decrypt.

In 2018, Draper predicted bitcoin at $250,000 by 2022, extended the forecast to early 2023 in the summer of 2021, and now extended it by another six months.

Draper is confident that women will be the main driver of the next bull market, as they control about 80% of retail spending.

Alex $ERC20 Token

14 ноября 2022 09:37

Changpeng Zhao and Michael Saylor call for self-custody of crypto assets

Changpeng Zhao, head of bitcoin exchange Binance, called self-custody of assets “one of the basic human rights,” but warned of “costly mistakes.”

“Self-custody [of funds] is a fundamental human right. You can do this at any time. Just make sure you do it right. I recommend starting with small amounts to learn technology and tools. Mistakes here can be very costly,” he wrote.

Former head of MicroStrategy Michael Saylor, in a comment to Cointelegraph, noted the need to take responsibility for your funds, stressing that this approach increases decentralization.

Alex $ERC20 Token

13 ноября 2022 13:40

Elon Musk: "I intuitively refused to give Bankman-Fried a share on Twitter"

The new owner of the most popular microblogging service Twitter said that at the very beginning of the year he refused to meet with the CEO of the FTX crypto exchange when he offered to partially finance the purchase of the social network.

“The founder of the FTX crypto exchange believes in your mission, wants to invest in the social network and is ready to develop a blockchain for integration with the social network, as this is the future of the market, which can bring Twitter $ 5 billion in a short time,” the intermediary said in a message.

In response, Musk pointed out that due to Twitter's bandwidth requirements, blockchain integration would "require huge nodes," defeating the goal of decentralizing the platform. In addition, Musk questioned Bankman-Fried's willingness to invest in Twitter:

“Does Sam really have $3 billion in liquidity…?”

Alex $ERC20 Token

12 ноября 2022 13:59

FTX Liquidation Team Consolidates Client Funds in Cold Storage

According to network observers Eherscan, Solscan and Bscscan, on the morning of November 12, suspicious activity and unconventionally large transactions related to FTX wallets were recorded. Almost immediately, millions of dollars began to be withdrawn from the exchange, and the balances of some users were reset to zero.

In his first comments, FTX General Counsel Ryne Miller stated that the exchange "has begun an investigation into an anomaly related to the withdrawal of funds from FTX balances." A few hours later, in a re-address to the community, Miller said:

“After filing for Chapter 11 bankruptcy, we have taken precautions to move all digital assets to cold storage. The process was expedited last night to reduce potential damage from unauthorized transactions."

Alex $ERC20 Token

12 ноября 2022 06:38

Changpeng Zhao warns of a “cascading” crisis in the crypto industry

The current situation in the cryptocurrency industry echoes the financial crisis of 2008, and more companies may fail in the coming weeks. This opinion was expressed by Binance CEO Changpeng Zhao, writes the Financial Times.

At a conference in Indonesia, he suggested that the market has yet to feel the effects of the crisis of the FTX crypto exchange and its associated Alameda Research.

“With the fall of FTX, we will see cascading effects. Those close to the ecosystem will be especially affected,” Zhao said.

Despite the pessimistic forecast, the head of Binance expressed confidence that the industry will eventually recover.

Alex $ERC20 Token

05 ноября 2022 14:25

An Instagrammer known as Jay Mazini pleaded guilty to money laundering using bitcoin. Now the blogger faces up to 20 years in prison.

The attacker promised people payouts that significantly exceeded the value of bitcoin. After receiving BTC, the defendant sent fake screenshots to the victims, allegedly confirming the transfer of the promised money to a bank account. Naturally, in fact, no payments came to people. In total, investors were deceived in the amount of at least $ 8 million.

Alex $ERC20 Token

05 ноября 2022 13:12

US sanctions against Iran did not stop Binance from serving users in the country

Binance has processed about $8 billion worth of Iranian user transactions despite US sanctions aimed at shutting Iran off from the global financial system.

The exchange rejected the allegations, citing their irrelevance. Binance spokesperson Patrick Hillmann stated:

“Unlike other platforms that are associated with companies under US sanctions, Binance.com is not a US firm. However, we have taken all measures to reduce our presence in the Iranian market using internal resources and business partners.”