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” South Korean prosecutors accuse Do Kwon of manipulating Terra’s price “ A local report from South Korea claims that the country’s prosecutors have obtained evidence to suggest Terraform Labs co-founder Do Kwon had onceordered an employee to manipulate the price of Terra Luna Classic (LUNC). A report by Korean Broadcasting System (KBS) on Nov….
” Digital asset platform Bakkt set to acquire Apex Crypto for $200M “ Digital asset platform Bakkt has entered into an agreement to acquire Apex Crypto, LLC from Apex Fintech Solutions, Inc. According to the agreement, Bakkt is expected to acquire Apex Crypto for the price tag of $200 million, making its first payment of $55million at…
” Quebec’s energy manager to seek government approval to stop powering crypto miners “ Hydro-Québec, the firm managing electricity across the Canadian province of Quebec, plans to reallocate energy supplied to crypto mining firms. According to a Nov. 3 tweet from Canadian lawmaker Pierre Fitzgibbon, the government will request a decree from the energy board…
” Traditional firms likely won’t be leading the charge in the next generation of Web3 games — WAX CEO “ Traditional ideas about gaming, coming from both the firms developing the games and the players themselves, could slow down adoption of Web3 games, according to WAX co-founder and CEO William Quigley. Speaking to Cointelegraph at…
” Santander UK limits crypto transactions for its customers “ Multinational banking group Santander has placed a limit on all crypto transactions for its customers in the United Kingdom. The group cited cryptocurrency fraud warnings from regulators as the reason behind its decision. According to an announcement on Nov. 3, the bank plans to protect its customers from…
” Goldman Sachs creates digital asset taxonomy system for subscribing investors “ Goldman Sachs, MSCI, and Coin Metrics announced Nov. 3 that they have devised a digital assets classification system to increase the transparency of market movements and help market participants analyze the digital assets ecosystem. The new system is called datonomy and is available…
” What will Crypto Twitter look like post-acquisition? Blockchain executives share their insights “ Nearly seven months after Tesla CEO Elon Musk first made a tender offer to purchase social-media giant Twitter, the $44 billion deal finally came to a close, resembling much of the original terms despite a heated corporate tug-of-war. As a platform…
” Fidelity offers retail investors commission-free BTC and ETH trading “ Fidelity Investments is expanding retail access to commission-free cryptocurrency trading services — a move designed to recognize growing mainstream interest in digital assets. According to CNBC, Fidelity’s new crypto offering will be powered by its subsidiary, Fidelity Digital Assets. Dubbed Fidelity Crypto, the new…
” How low liquidity led to Mango Markets losing over $116 million “ It would seem that the hackers used an “oracle price manipulation” tactic in the exploit on the Solana-based DeFi network, as indicated by a tweet sent by the official account for the Mango cryptocurrency exchange. In mid-October, traders took advantage of a…
” Bank of England raises interest rates to 3%, largest jump in 33 years “ Desperate times call for desperate measures. The Bank of England, effectively the United Kingdom’s version of the Federal Reserve, has raised interest rates by the highest rate in 33 years. The Bank of England’s bank rate, or the cost of…