Nike is opening an online store and trading platform for virtual sneakers pumping investment into the metaverse. The ‘.Swoosh’ platform is a major part of the sneaker maker’s push into the metaverse. User registration begins on Nov. 18. Nike Inc., the world’s largest sportswear company, plans to release its own digital goods on the .Swoosh…

Binance’s CEO Changpeng Zhao said that Binance would launch the fund to help projects “who are otherwise strong, but in a liquidity crisis,” welcoming investors to contribute to the fund and qualifying projects to apply. Tron founder Justin Sun said that Tron, Huobi Global, and Poloniex will support the initiative. Binance plans to launch a…

Breaking crypto news from the last week (Nov. 5–11, 2022): Nov. 5: Google Cloud is adding support for the Solana blockchain in BigQuery, to make it easier to access Solana data. It is also working on bringing Solana support to its Blockchain Node Engine. Support for Solana will go live in the first quarter of…

Bitcoin and other crypto assets have Islamic scholars racking their brains as they attempt to discern how this new technology fits into Islamic finance, a concept that already dates back 1,400 years – studies Alex Lielacher on CryptoNews. Read on to discover the opinions of various Islamic scholars and an answer to the question: Is…

Top investment deals across the crypto sector over the last week (Nov. 5–11, 2022): Japanese mobile operator NTT Docomo plans up to $4 billion in Web3 investments Japanese mobile operator NTT Docomo plans to invest up to ¥600 billion ($4.1 billion) over several years to focus on web3 technology, the company said in its second-quarter…

Top crypto news from the Middle East region over the last week (Nov. 4 –10, 2022): Middle East, Asia, and Africa blockchain association launches in Abu Dhabi A new blockchain, the cryptocurrency-focused association has been established within Abu Dhabi’s free economic zone, with the goal of advancing the development of blockchain and cryptocurrency ecosystems throughout…

Over $400 million outflow crypto exchange FTX and Alameda wallets on Nov. 11. FTX confirmed that there was “unauthorized access” to crypto it is holding following a reported hack. However, Reuters reported that FTX CEO Sam Bankman-Fried built a “backdoor” to his exchange in an effort to change financial records and move funds. Crypto exchange…

Exchange tokens are the backbone of many top exchanges, but how much risk is involved? — explains Jason Nelson on Decrypt. This Learn article will cover what exchange tokens are, what they are used for, how they are purchased, and the new scrutiny on them in light of FTX’s reported malfeasance related to its FTT…

New Jersey-based exchange BlockFi informed customers that it would be “limiting platform activity” and paused withdrawals amid the crypto market turmoil caused by FTX collapsing. In June, BlockFi secured a $400 million loan from FTX and potential acquisition terms, hoping the new credit line could help them remain afloat. “We, like the rest of the…

On Nov. 11, the crypto exchange FTX filed for bankruptcy protection in the US, the Bahamas-based company said. Chapter 11 bankruptcy filing attributed to Alameda Research estimates the company has $10 billion to $50 billion in liabilities. Also, FTX CEO and founder Sam Bankman-Fried resigned from his role. FTX Group, which includes FTX.com and FTX…