Crypto-news

FTX founder and CEO Sam Bankman-Fried said his Alameda Research and FTX could “step in” the situation with Celsius and Three Arrows Capital to prevent further contagion across the crypto sector. He also rejected rumors that Alameda played a part in jeopardizing the stability of Celsius. The downward trajectory that has greeted the crypto market…

Billium, a Dubai-based crypto trading platform, has announced that a new copy trading functionality is on its way. With it, investors will reportedly be able to earn sizable profits regardless of personal experience or background. According to a press release, copy trading allows users, especially new investors, to make as much profit as possible by…

MetaDecrypt has announced its first dedicated Web 3.0 Summit 2022 in Dubai, UAE, on July 2-3, 2022. Held at the Museum of the Future, the event aims to bring the universe to the metaverse by reimagining the future. In partnership with Buidlers Tribe, the Summit will launch the startup pitch competition for Web 3.0 projects…

Breaking crypto news from the last week (June 11 – 17, 2022): June 11: The $1.19 trillion crypto economy is now lower in value than the July 2021 lows. Over the last week, digital currencies like Bitcoin, Ethereum, Cardano, and XRP, have shed significant value against the US dollar, as the top cryptos have lost…

The shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS) will cut power consumption sharply – and leave some expensive technology searching for new uses, write Olga Kharif and David Pan on Bloomberg. The Ethereum mining community is a diverse bunch, geographically and demographically. There’s a 28-year-old translator in Ukraine, running computing hardware on his balcony to…

Meta is bringing luxury fashion into the metaverse with the announcement of a digital fashion marketplace dedicated to its virtual avatars. Outfits of three high fashion brands – Balenciaga, Prada, and Thom Browne – could be worn across Meta-owned platforms, including Facebook, Instagram, and Messenger. Meta’s CEO Mark Zuckerberg and Instagram‘s director of fashion partnerships…