-
Discover the Next Big Thing: PayPal-supported TrueX Exchange Starts with a Bang!
In the fast-evolving world of cryptocurrency, new platforms are constantly emerging, aiming to address the challenges and fluctuations inherent to digital currencies. Among these innovators, TrueX, a newly established cryptocurrency exchange, is making headlines. It has announced its strategy to center its operations around PayPal’s PYUSD, aspiring to furnish stable trading solutions. This move, combined…
-
Prager Metis Faces $745K Fine: The Shocking Tale of FTX Audit Failures
In the rapidly evolving landscape of digital finance, integrity and transparency are paramount. Recent developments involving audit reports for a prominent cryptocurrency exchange have spotlighted the significance of adhering to strict auditing standards. This incident underscores the critical need for trust and clarity in the intricate web of digital transactions and investments. ## The Importance…
-
Prager Metis Pays the Price: Settling SEC Negligence Claims Linked to FTX Audit
In a recent unfolding within the financial sector, the U.S. Securities and Exchange Commission (SEC) disclosed a settlement agreement involving Prager Metis, a firm previously tasked with auditing the now-defunct cryptocurrency exchange, FTX. This settlement, amounting to $1.95 million, addresses allegations of negligence and breaches of auditor independence rules, highlighting the intricate responsibilities auditors hold…
-
FTX Audit Firm Pays SEC $1.95M in Major Negligence Settlement – Learn Why
In the rapidly evolving realm of digital finance, the reliability and thoroughness of financial audits are paramount. It is within this context that the recent settlement between the Securities and Exchange Commission (SEC) and Prager Metis, a firm responsible for auditing FTX, gains considerable significance. This situation sheds light on the paramount importance of meticulous…
-
Accused Seeks Justice: How Bias in the Courtroom Sparks Demand for Retrial
In an unprecedented move that has rippled across the cryptocurrency community, the former head of the now-defunct FTX exchange has lodged an appeal against the presiding judge, alleging bias and a breach of fair trial rights. This development follows a stern verdict that led to a 25-year imprisonment for charges of fraud, conspiracy, and money…
-
Sam Bankman-Fried Claims Miscarriage of Justice, Seeks Fresh Trial
In the unfolding saga of financial disturbances within the cryptoverse, the request for a new trial by Sam Bankman-Fried, following his fraud conviction, marks a controversial turn. The appeal, stemming from claims of an unfair trial and a biased judgement by U.S. District Judge Lewis Kaplan, reopens discussions on justice and fairness in the face…
-
Massive $1 Billion Solana Shift by FTX and Alameda Rocks Crypto World
In the dynamic world of cryptocurrency, witnessing substantial market movements is not uncommon. Recently, there’s been a notable development involving the unstaking of over $1 billion worth of Solana ($SOL) by major financial entities. This significant financial activity has prompted discussions around potential shifts in market volatility, particularly for Solana. Understanding the implications of such…
-
Did a Former FTX Executive Lie Under Oath? Shocking Courtroom Revelation Emerges
In the ever-evolving landscape of the crypto world, the legal intertwining with industry players takes center stage, highlighting the intricate balance between regulatory oversight and the pioneering spirit of blockchain technology. Particularly, a recent judicial decision has garnered significant attention, emphasizing the importance of judicial proceedings in shaping the future of digital currencies. The move…
-
Is Solana’s Future at Risk? FTX Plans to Sell 177K SOL Tokens
In the world of cryptocurrency, movements by significant players can send ripples across the entire market. One such development involves a notable crypto wallet affiliated with the now-defunct exchange, offloading a substantial amount of Solana (SOL) tokens. This action has ignited a discourse within the digital currency community about the potential impacts on SOL’s market…
-
FTX Pulls Out $23.75 Million in Solana – The Future Impact on SOL’s Value Explored
In the ever-evolving landscape of cryptocurrency, recent developments involving an FTX/Alameda-affiliated wallet and Solana (SOL) have garnered significant attention. This article delves into the implications of these movements for Solana‘s market position and broader cryptocurrency dynamics. Unstaking Event Draws Attention to Solana‘s Market Dynamics Recently, a wallet associated with FTX and Alameda redeemed 177,693 Solana…
-
FTX Insider Caroline Ellison Pleads for Mercy – Behind Her Crucial Trial Role
In the intricate world of cryptocurrency and its associated markets, the downfall of FTX has emerged as a cautionary tale, underscoring the vulnerability of investors and the need for stringent oversight. A recent development that has caught the eye is Caroline Ellison’s plea for leniency, her pivotal role in Sam Bankman-Fried’s trial, and the substantial…
-
Former FTX Insider Reveals How Alameda’s CEO Aimed to Avert AI Catastrophe
Exploring the Dynamics Behind the FTX Exchange Downfall and Its Repercussions The digital currency world was recently jolted by the significant downfall of the FTX exchange, a platform that was once celebrated for its innovative financial solutions but has now become a cautionary tale for investors and entrepreneurs alike. At the center of this tumultuous…
-
Why Caroline Ellison Deserves Freedom Despite FTX Debacle – Legal Experts Argue
In the dynamic realm of cryptocurrency and blockchain technology, ethical considerations and the personal experiences of individuals involved in high-profile companies often come under scrutiny. The recent developments surrounding Ellison’s reflections and her tenure at Alameda Research provide a compelling narrative on the human elements that play a pivotal role in the highs and lows…
-
FTX Ends $600M Robinhood Shares Dispute: The Ultimate Resolution
FTX, the bankrupt cryptocurrency exchange, has recently settled a dispute over more than $600 million worth of Robinhood shares with Emergent Technologies. The agreement entails FTX paying Emergent $14 million to cover administrative expenses linked to the withdrawal of its petition for 55 million Robinhood shares and cash, as per a recent court filing by…
-
Prosecutors Defend FTX Exec Ryan Salame’s Plea Deal Integrity in NY Court
In the ever-evolving landscape of digital finance, the integrity of legal agreements, especially those related to plea deals, has paramount significance. This notion comes into sharp focus when examining the recent developments in a high-profile case involving a former executive of a notable cryptocurrency exchange. It’s a situation that underscores the delicate balance between judicial…
-
Orlando Bravo Swears Off Crypto Forever Following FTX Meltdown
In the ever-evolving landscape of digital finance and investment, the recent events surrounding the collapse of FTX have served as a stark reminder of the volatile nature of the cryptocurrency market. Orlando Bravo, the CEO of a prominent private equity firm, has openly declared his decision to refrain from investing in cryptocurrency following a significant…
-
Shocking Allegations: Former FTX Executive Tied to Chinese Bribery Case
In the realm of cryptocurrency and blockchain technology, the narrative is often as dynamic and intricate as the underlying protocols themselves. Recently, discussions have emerged surrounding alleged activities that highlight the complex interplay of ethics, legality, and the unyielding pursuit of expansion within this sector. A focal point of these discussions is the purported involvement…
-
SEC May Challenge FTX’s Plan to Repay Creditors with Stablecoins: What You Need to Know
In the rapidly evolving landscape of cryptocurrency and blockchain technology, regulators are increasingly vigilant about maintaining legal compliance. A recent focal point in this regulatory scrutiny is the fallout from the collapse of the FTX exchange, a situation that has prompted the Securities and Exchange Commission (SEC) to take a closer look at how creditor…
-
Galois Capital Faces SEC Fine After $40 Million Terra-Linked FTX Loss
In this rapidly evolving digital age, the intersection of finance and technology—particularly in the realm of cryptocurrencies—presents a complex landscape of innovation, opportunity, and risk. The recent actions taken by the U.S. Securities and Exchange Commission (SEC) against Galois Capital, a notable crypto hedge fund, underscore the increasing scrutiny and regulatory challenges facing the industry.…
-
SEC May Disrupt FTX Plan for Creditor Payments with Stablecoin Strategy
In the evolving landscape of financial technology, the intersection between traditional regulatory frameworks and the innovative thrust of cryptocurrency continues to provoke spirited discussions and, at times, contentious debates. A recent development concerning the U.S. Securities and Exchange Commission (SEC) and its stance on stablecoins illustrates the complexities of navigating this hybrid space, signaling significant…
-
Is FTX’s Crypto Repayment Plan Under SEC Investigation Bound to Fail?
In the ever-evolving landscape of cryptocurrency and blockchain technologies, recent actions by regulatory bodies have brought forward pressing concerns surrounding the future of digital asset transactions and the legal frameworks that govern them. Among these developments, the United States Securities and Exchange Commission’s (SEC) remarks on FTX’s repayment plan to creditors have sparked a significant…
-
Coinbase’s Top Lawyer Blasts SEC for Handling of FTX Payout Strategy
In a recent online articulation, Coinbase’s Chief Legal Officer, Paul Grewal, voiced significant concerns regarding the United States Securities and Exchange Commission’s (SEC) ambiguous position on the methodology proposed for repaying FTX creditors. This criticism comes amidst growing demands for enhanced regulatory clarity within the realm of digital assets, marking yet another chapter in the…
-
SEC Threatens FTX with Legal Battle Over Stablecoin Loan Repayments
Cryptocurrency Exchange FTX Faces SEC Scrutiny Over Repayment Plan The United States Securities and Exchange Commission (SEC) is closely monitoring the repayment plan proposed by the collapsed cryptocurrency exchange, FTX. The SEC has raised concerns about the potential use of stablecoins to repay creditors and has indicated that it may challenge such transactions if they…
-
FTX Executive Ryan Salame Halts Guilty Plea Petition: An Insider’s Revelation
FTX executive Ryan Salame has made a significant decision regarding his guilty plea in light of recent developments. Salame, the former Co-CEO of FTX Digital Markets, withdrew his petition to vacate his guilty plea on criminal charges related to FTX on August 29. This move comes after his partner, Michelle Bond, was indicted, prompting a…
-
4 Huge Opportunities Emerged from FTX’s Billion-Dollar Gaps
In the wake of FTX’s downfall, a staggering $42 billion market vacuum demands innovative solutions and offers unprecedented opportunities for the cryptocurrency sector. Adam Cochran of Cinneamhain Ventures illuminates this scenario, presenting avenues ripe for exploration and development within the digital currency realm. This discourse will delve into the uncovered potential and pathways that beckon…
-
Former FTX Executive Decides Against Withdrawing Guilty Plea, Eyes Partner’s Trial
In the intricate and often unpredictable world of digital asset trading and cryptocurrency, the unfolding narrative around legal accountability and regulatory compliance has once again taken a dramatic turn. Recent developments in the legal proceedings surrounding former FTX Digital Markets co-CEO Ryan Salame have caught the attention of both participants in the crypto space and…
-
FTX Official Drops Demand for Plea Deal Enforcement – A Sudden Shift Revealed
In the orbit of digital finance and legal endeavors, a recent development highlights the complexities that individuals embroiled in the sector may face. Among these, Ryan Salame, a former executive of the now-infamous FTX, made headlines when he decided to retract a legal petition to a New York court. This petition initially sought to compel…
-
Awaiting Sentencing: The Current Whereabouts of FTX Executives Revealed
In the intricate and volatile world of cryptocurrency, recent events have cast a shadow that reverberates through the sphere, highlighting the paramount importance of transparency and regulation. The focal point of this upheaval is Sam Bankman-Fried, a prominent figure in the cryptocurrency industry, who is now facing the possibility of 25 years behind bars. This…
-
Explode Your Portfolio: Crypto Skyrockets Toward Record Peaks
In recent developments within the financial technology domain, the global cryptocurrency market cap has experienced an exponential growth, marking a significant milestone of $2.12 trillion, a staggering 151% increase from its stance in 2022. This surge in market capitalization underscores the evolving landscape of digital currencies and their mounting acceptance worldwide. Rise of the Cryptocurrency…
-
US Trustee Strikes Down FTX Plan: Legal Worries Spark Major Clash
In the swiftly evolving landscape of finance and technology, few topics have garnered as much attention and discussion as the intricate legal challenges faced by pioneering companies navigating the complex waters of regulation and compliance. Among these, the objections raised by the US Trustee and creditor groups stand out as a significant factor that could…
-
Former FTX Executive’s Partner Charged with Violating Campaign Finance Laws in 2022 Congressional Race.
Michelle Bond, a former U.S. congressional candidate and partner of ex-FTX executive Ryan Salame, faces multiple campaign finance violations in connection with her 2022 congressional run. Federal prosecutors allege that Bond used funds from FTX, a now-defunct cryptocurrency exchange where Salame worked, to finance her campaign. The unsealed indictment in the Southern District of New…
-
Exposed: The Scandal of Michelle Bond and the FTX Funds Fiasco
In the intricate and ever-evolving world of cryptocurrency, the blend of politics and digital finance often leads to intriguing and, at times, controversial outcomes. Recently, Michelle Bond, a prominent figure who straddled both arenas through her leadership of a Washington-based crypto advocacy group and experience as a former U.S. Securities and Exchange Commission (SEC) lawyer,…
-
Campaign Finance Scandal Hits Hard: FTX Boss’s Partner Faces Charges
In the wake of the FTX collapse, the legal drama unfolds further with the recent charges against Michelle Bond, the partner of former FTX executive Ryan Salame. This development adds another layer to the complex narrative surrounding the downfall of a once-dominant cryptocurrency exchange. The allegations against Bond involve the misuse of funds connected to…
-
Shocking Arrest: Partner of FTX Executive Faces Major Fraud Charges
In the intricate world of campaign financing and the ever-evolving landscape of cryptocurrency, a scandal has emerged that intertwines both sectors, leading to accusations against Michelle Bond, associated with the former FTX executive Ryan Salame. This case underscores the alleged misuse of funds, bridging the gap between political aspirations and the burgeoning crypto industry. The…
-
Failed Campaign Shock: How An Ex-Congress Hopeful Misused FTX Funds Illegally
In the rapidly evolving landscape of digital currency and political engagement, recent developments have underscored a growing concern over the intersection of cryptocurrency funding and political campaigns. The United States Department of Justice has recently spotlighted this issue by bringing charges against a former congressional candidate, unveiling the dark side of crypto‘s incursion into politics.…
-
FTX Exec Ryan Salame’s Shocking Plea Withdrawal Demand
Former FTX Executive Seeks to Revoke Guilty Plea Over Unmet Agreements Former FTX executive and co-CEO of FTX Markets, Ryan Salame, is making headlines as he seeks to void his guilty plea in light of unmet agreements with U.S. authorities. Salame had agreed to plead guilty to money-transmitting crimes with the understanding that the investigation…
-
FTX Insider Fights Back: Claims of Betrayal by Prosecutors Over Guilty Plea
In the evolving landscape of cryptocurrency regulation and legal proceedings, former FTX executive Ryan Salame’s quest to invalidate his guilty plea has taken center stage. The intricate legal battle, stemming from alleged broken promises by federal prosecutors, casts a shadow on the U.S. government’s handling of plea negotiations in highly public cases involving financial and…
-
FTX Restructuring Soars as Creditors Give Green Light – Discover the Future Path
In the evolving world of finance and technology, the journey of FTX through its bankruptcy proceedings has captured the attention of both investors and the broader public. As FTX comes closer to finalizing its reorganization plan, over 95% of its creditors have shown their support, signaling a potentially positive turn for the company. This high…
-
Shocking Legal Battle Ahead for Shaq Over NFT Saga and FTX Scandal
In the rapidly evolving domain of cryptocurrencies and non-fungible tokens (NFTs), the intersection of celebrity endorsements and legal challenges is becoming increasingly prominent. A significant development in this arena involves NBA superstar Shaquille O’Neal and his engagement with the Astrals nft project, alongside a separate lawsuit linked to the FTX crypto exchange’s downfall. This complex…
-
5 Signs Bitcoin’s Bounce Back Will Revolutionize Market Dynamics
In recent financial developments, the cryptocurrency market is witnessing some significant movements, especially with bitcoin nearing the $60K mark once again. However, underlying on-chain metrics suggest investors might want to approach with caution. This dynamic landscape is further complicated by the resilience of the US economy and potential changes in cryptocurrency regulations under Kamala Harris’…
-
5 Key Insights: Bitcoin Faces Fear Beyond the FTX Meltdown This Week
In the ever-evolving landscape of cryptocurrency, the bitcoin market sentiment stands as a testament to the sector’s inherent volatility. This week, as a series of macro volatility catalysts unfold, stakeholders are closely monitoring the shifting sands of BTC price action. Analyzing bitcoin Market Sentiment Amidst Macro Volatility The fluctuations in bitcoin‘s valuation are emblematic of…
-
Bankruptcy Bombshell: FTX and Alameda to Shell Out $12.7B to Creditors
In a significant turn of events for the cryptocurrency industry, a court ruling has ordered the embattled crypto exchange FTX and its affiliate, Alameda Research, to allocate a substantial sum of $12.7 billion toward creditor compensation. This verdict, issued by a judge in New York, concludes a comprehensive 20-month legal saga spearheaded by the Commodity…
-
The FTX Drama Deepens: Discover What’s New in Episode 175
In the rapidly evolving digital asset landscape, the foremost stories often revolve around the unfolding events within major cryptocurrency platforms, shifting regulatory tides, and groundbreaking innovations. One such complex narrative that continues to captivate the crypto community is the FTX saga, underscoring the volatility and potential that coexist within the realm of digital currencies. The…
-
Judge Decrees Mega $12.7 Billion Payout from FTX to Creditors – A Shocking Turn
In the ever-evolving landscape of digital finance, a pivotal moment transpired on August 7, as outlined in a recent court filing. The United States has witnessed a significant judicial decision that underscores the intricate legal and financial frameworks shaping the future of cryptocurrency exchanges and their operational dynamics. This development, sanctioned by United States District…
-
Crypto Panic Peaks: Market Fear Dwarfs FTX Crash Fallout
In the ever-evolving landscape of the cryptocurrency market, a recent trend has emerged that has captured the attention of both investors and analysts alike. The Fear & Greed Index, a barometer of market sentiment, has experienced a significant drop, reaching a critical level of 17 out of 100, indicating a climate of “Extreme Fear.” This…
-
Solana Faces 23% Plunge Amid FTX Link Concerns: Navigating Blockchain’s Volatility
In recent days, the cryptocurrency community has been embroiled in a heated debate following a significant downturn in Solana (SOL)’s value. This decline was catalyzed by increasing Solana FUD (Fear, Uncertainty, and Doubt), closely associated with revelations of SOL token‘s linkage to the now-defunct FTX exchange. Such developments have cast a shadow over Solana, disrupting…
-
Bahamas Unveils Crypto Shield Law Against FTX Terra Calamity – Inside Scoop
The Bahamas Takes the Lead in crypto Regulation with Groundbreaking Law The Bahamas, a splendid island nation not just known for its incredible beaches and clear blue waters, has made a monumental stride in the world of cryptocurrency. Following the tumultuous collapse of key industry players in recent years, the country has rolled up its…
-
FTX Lawsuit Update – Legal Eagles Stop Dismissal Bid in Its Tracks, What’s Next?
The Legal Eagles Are Circling: FTX Class Action Gets Heated Let’s talk about something huge, something that’s making waves in both the legal and crypto worlds. We’ve got a situation here where the FTX class action lawyers are stepping up their game. They’re not just playing defense; they’re on the offense, challenging a big-time law…
-
BitFlyer Teams Up with FTX Japan to Enhance Cryptocurrency ETF Options
The Dawn of Japan’s First crypto-Linked ETFs: How BitFlyer is Leading the Charge The landscape of cryptocurrency in Japan is undergoing a significant transformation, courtesy of BitFlyer Holdings. The exchange recently completed the acquisition of FTX Japan, positioning itself to launch Japan’s inaugural crypto-linked exchange-traded funds (ETFs). This milestone is not just a leap for…
-
bitFlyer Takes Over FTX Japan, Emerges as Gaming Crypto Keeper
Exciting news in the Japanese crypto Sphere: bitFlyer and FTX Japan Merger In the ever-evolving landscape of cryptocurrency, a significant shakeup has occurred, marking a new chapter for Japan’s digital currency market. bitFlyer, a stalwart in the Japanese crypto exchange arena, has officially acquired the Japanese branch of FTX, an exchange that faced unfortunate events…
-
FTX Claims Sale Fully Compensates Crypto Gamers via BlockFi
The Trailblazing Recovery of BlockFi: A Beacon of Hope in the crypto Sphere In a landmark move that has reverberated throughout the crypto lending domain, BlockFi has spectacularly navigated its way through the complexities of bankruptcy proceedings, setting a precedent for full recovery for its customers and creditors. The essence of this achievement cannot be…
-
$12.7 Billion Settlement Reached Between FTX and CFTC, Pending Court Approval
The Unexpected Victory for FTX Creditors: A Gleam of Hope Imagine waking up to news that flips the script on an otherwise gloomy situation. That’s exactly what happened when the US commodities regulator made a landmark decision not to pursue a civil monetary penalty in a case that has gripped the finance and crypto world…
-
FTX Disputes Jump Trading’s $264 Million Legal Claim in Court
Unpacking the Complex Legal Battle over a $264 Million Claim in the FTX-Alameda Bankruptcy Saga In the world of high-finance drama and the ever-volatile crypto market, a new chapter unfolds as the FTX-Alameda bankruptcy estate locks horns with Tai Mo Shan, a Jump Trading subsidiary, over a whopping $264 million claim. This legal tussle centers…
-
$16 Billion Cash Distribution by FTX May Boost Bitcoin and Solana Values
A Fresh Wave of Capital Hits the Crypto Shores In the ever-evolving narrative of the cryptocurrency market, a dramatic turn of events has caught the eye of enthusiasts and investors alike. A recent development involving a former exchange powerhouse could potentially change the course of two major digital currencies. The aftermath of FTX’s downfall is…
-
Bitcoin Nears Biggest Weekly Drop Since FTX Crash as U.S. Nonfarm Payrolls Loom
Understanding the Tides of Bitcoin’s Market Dynamics The journey of Bitcoin and its market dynamics can often resemble a rollercoaster: thrilling highs, sudden drops, and unexpected turns. Recently, the dialogue among investors has centered around the key factors that might influence Bitcoin’s market value, particularly in relation to the broader market sentiment and current economic…
-
SEC Files Lawsuit Against Silvergate Over Alleged FTX Fraud Involvement
SEC Targets Silvergate The United States Securities and Exchange Commission (SEC) has launched a legal challenge against Silvergate Capital Corporation, accusing the entity of complicity in fraudulent activities linked to the now-defunct FTX exchange. This dispute underscores emerging concerns around the oversight and regulation of cryptocurrency transactions and the banks facilitating them. The company and…
-
SEC Charges Bank Linked to FTX with Fraud Allegations
Understanding Financial Oversight: A Deep Dive into the Silvergate Controversy When it comes to the world of finance and cryptocurrency, things can get pretty complicated. But it’s crucial to stay informed about how money moves and the responsibilities of those tasked with its oversight. Recently, there’s been a lot of buzz around Silvergate, a company…
-
SEC Files Lawsuit Against Silvergate for Alleged Deceptive Claims After FTX Fall
Understanding the High-Stakes Drama of a Crypto-Friendly Bank’s Downfall In a recent development that shook the world of finance and cryptocurrency, a once-prominent player in the crypto banking sector found itself in hot water. March 2023 witnessed the closure of a crypto-friendly bank, which was later sued by the U.S. Securities and Exchange Commission (SEC).…
-
Inside the Game: TAT Rumble’s Debut, Nexon’s Blockchain Bet, Illuvium Beta, and Wilder World Hits Epic Store
This article dives into the latest blockchain gaming advancements with a focus on TAT Rumble by Kreation Verse, Nexon’s blockchain initiatives including Nexon Universe Global and Nexpace, and Illuvium’s Beta 4 testing. Additionally, it highlights Wilder World’s listing on the Epic Games Store. Moreover, the piece also discusses the impact of Sam Bankman-Fried’s 25-year sentence…
-
Storybook Brawl Negative Reviews
The deal between FTX and Good Luck Games wasn’t well-received by gamers. Storybook Brawl became victim of negative reviews on Steam.
-
FTX Acquires Good Luck Games
Cryptocurrency exchange FTX & FTX Gaming make progress and expansion into the blockchain video game realm by acquiring Good Luck Games.
-
Crypto Exchange FTX Enters Gaming (Updated)
Crypto and gaming nexus is getting a solid expansion with FTX crypto exchange launching its gaming department.
-
FTX Bankruptcy and its Effects
FTX collapse was a big deal in the crypto industry, especially blockchain gaming. We still do see the fallout of FTX collapse in the recent Super Bowl crypto cancellations. So, what is the future of blockchain gaming and those startups planning to launch their blockchain games and projects?
-
The Rise, Challenges, and Transformation of Binance: A Cryptocurrency Giant’s Journey
Following the collapse of FTX, major cryptocurrencies stabilized in terms of the US dollar. However, Binance, a prominent cryptocurrency exchange, encountered significant challenges. Established by Changpeng Zhao (CZ), Binance rapidly ascended to become a leading exchange. Its journey encompassed rapid growth, regulatory hurdles, and transformations. As 2022 concluded, Binance thrived, emerging as the dominant player…
-
Aurory Blockchain World Expands to Ethereum Layer-2 Arbitrum
Aurory, a revolutionary NFT-driven game franchise on the Solana blockchain, has made significant advances in the gaming industry. Aurory aims to broaden its reach and attract users familiar with the Ethereum ecosystem by introducing cross-chain support for its NFTs and native token AURY on the Ethereum scaling network, Arbitrum. The game’s novel approach to NFTs,…
-
ATMTA, the Star Atlas game developer, has announced massive layoffs
ATMTA, a Solana-based Web3 gaming company, faced financial difficulties and difficult market conditions, resulting in significant layoffs, reducing its team from 235 to 45 people. The company shifted its emphasis to revenue generation, prioritizing products that were about to be released. Despite the difficulties, ATMTA remains optimistic about Star Atlas and the potential of the…
-
Storybook Brawl Shutting Down: FTX Collapse Continues to Haunt
FTX collapse ripple effect continues to date as another casualty happened where a Web3 card game bites the dust. Sam Bankman-Fried’s favorite game Storybook Brawl is shutting down its servers on May 1st. The decision came just after 13 months of its acquisition by FTX. It is yet another addition to the list of casualties.…