FTX is scrambling to raise about $9.4 billion from investors and rivals, a source said on Thursday, as Chief Executive Sam Bankman-Fried urgently seeks to save the cryptocurrency exchange that has been buffeted by a rush of customer withdrawals. Bankman-Fried has discussed raising $1 billion each from Justin Sun, the founder of crypto token Tron, […]
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First came the mariachi band, a flame-juggling dancer and the models in bathing suits and ballgowns sauntering beside the pool of a Miami mansion. Then the spectacle began. A businessperson who built his wealth on waves of speculation — riding the dot-com surge in the 1990s and then the rapid growth of bitcoin in recent […]
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A massive hack has drained Mango Markets of $100 million in funds. The decentralised trading platform based on the Solana blockchain stated in a tweet on Tuesday evening that it’s currently investigating an incident where a hacker was able to extract funds from Mango via an oracle price manipulation. By Wednesday, Mango concluded that the […]
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Financial innovation has resulted in Decentralised Finance (DeFi) becoming a buzzword. DeFi is a blanket term used to define a variety of financial products and services that run on blockchains, and now encompasses everything from payment and transfer services to lending, borrowing, and trading. It is a combination of technologies and business models that tackle […]
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This week saw Bitcoin slipping again until it fell below the $22,000 level on Friday, losing more than 7% in a single day. Ether was affected too, as the second largest cryptocurrency by market cap fell below $1,700 on Saturday This week saw Bitcoin slipping again until it fell below the $22,000 level on Friday, […]
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On Saturday, the National Institute of Technology (NIT) in Rourkela became the second centrally-run higher education institution in the country (after IIT-Kanpur) to award blockchain-based digital degrees to all its graduates. Over 1,500 students received their degrees in this format in addition to the traditional hard copy of the certificate. How is the blockchain-based degree […]
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The National Institute of Technology (NIT) Rourkela has become the first NIT to award Blockchain-based digital degrees to more than 1500 students on its 19th convocation, held on August 13. These degrees were developed in assistance with IIT Kanpur’s C3i Innovation Hub, under the aegis of the National Blockchain Project mooted by Prime Minister Narendra […]
Continue Reading“The lax KYC norms, loose regulatory control of transactions between WazirX and Binance, non-recording of transactions on block chains to save costs and non-recording of the KYC of the opposite wallets has ensured that WazirX is not able to give any account for the missing crypto assets,” the ED alleged in a statement. “The lax […]
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Gaming NFTs and metaverse were least affected by the Luna-Terra debacle, says a new report by decentralised application (DApp) data aggregator DappRadar. It should be noted that the Terra stablecoin collapsed in May, erasing around $40 billion of venture capitalists and retail money. The stablecoin blow applied heavy pressure on the entire crypto market, starting […]
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Sweltering temperatures leading to more electricity demands meant power curtailments for miners Sweltering temperatures leading to more electricity demands meant power curtailments for miners Large-scale Bitcoin mining operations in Texas are back online after sweltering temperatures that caused electricity use to spike led to power curtailments earlier in the month, an industry group said on […]
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