Genesis Global Capital, the cryptocurrency lending unit of Digital Currency Group has filed for bankruptcy amid liquidity concerns. The fall of the Three Arrows Capital as well as the recent FTX bankruptcy are some of the major factors that have led to Genesis’s cash shortages. In November, Genesis had reportedly suspended withdrawals as it had …
On Friday October 7th, the world’s largest crypto exchange was hacked and the hacker stole 2 million BNB tokens which are valued at just under $570 million according to current market rates. The hack reportedly targeted the cross-chain bridge within the network which allows for transfer of tokens from one blockchain to another. About $87 …
In a recent earnings statement, Tesla revealed that they sold 75% of their Bitcoin holdings. Bitcoin has plunged by more than 50% in value since 2021 when Tesla famously invested $1.5 billion into the crypto currency because of the currency’s “long-term” prospects. Lots of consumers followed the lead of the electric car manufacturer and Bitcoin …
Currently cryptos are a volatile investment, but major card companies such as Visa Inc. and Mastercard Inc. believe that soon in the future it will be used for daily consumer retails, and they don’t want to be left behind by this trend. Consumers can now pay for many things with cryptocurrencies through cards issued by …
Cryptocurrency is coming to your credit cards, together with cybersecurity risks Read More »
As the FinTech industry grows, there is a growing interest in learning about the latest developments, especially among young professionals. Blockchain Foundry Inc, a blockchain development company, saw this need in the market and launched Metacademy.com in partnership with The Palmer Group. To educate our growing population about FinTech, Metacademy covers a large variety of topics …
Amid the crypto crash, WonderFi has been approved to be listed on the TSX, and claims to be the only registered crypto-trading platform on the stock exchange. TSX had reportedly approached WonderFi in the hopes of broadening the crypto-trading options. This new development comes as a surprise amid such poor market conditions. WonderFi has been …
As inflation continues to dig into the pockets of consumers, the US Federal Reserve raised interest rates 75 basis points this month, increasing the benchmarked federal funds by around 1.5% and 1.75%. According to Fed Chairman Jerome Powell, this move was an “unusually large one” which caused panic among investors and resulted in a bear …
Over the past few years, cryptocurrency has increased its presence in the world of business. Since it’s inception, it has transformed the way we do business, from online transactions to trading – and now, it’s used as a charity platform. CanadaHelps, Canada’s largest platform for donations, has partnered with CarbonX in order to help support …
