Klever Blockchain Goes Live With Whitepaper and 100,000 KLV Competition

Klever, a blockchain and cryptocurrency service platform, announced it has launched Klever Blockchain, one of the core products of the Klever ecosystem. According to the team, Klever Blockchain, dubbed Kleverchain, is the next-generation blockchain, a one-stop site for all digital currencies, dApps, stablecoins backed by Bitcoin and USDT. Kleverchain is developed on Tendermint Byzantine Fault Tolerant (BFT) and cosmos SD. Klever Blockchain is Live Digital technology has become an integral part of our daily lives, however a significant barrier to blockchain broad adoption exists between technology and common consumers. The…

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Three Arrows Capital Files for Bankruptcy in the US to Protect its Assets from Liquidators.

Summary: Three Arrows Capital has filed for Chapter 15 bankruptcy in New York 3AC filing for bankruptcy comes less than a week after a British Virgin Islands court ordered the hedge fund into liquidation. The financially embattled crypto hedge fund of Three Arrows Capital has filed for Chapter 15 bankruptcy in New York. According to a report by Bloomberg, the move will protect its US assets while liquidation is carried out in the British Virgin Islands, where a court gave the go-ahead for Teneo Restructuring to carry out the process.…

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Axie Infinity’s Ronin Bridge Audited & Relaunched After Hack

Axie Infinity’s Ronin Bridge Audited & Relaunched After Hack

Following the historic DeFi hack, Ronin blockchain has just announced that the Ronin Bridge is reopened and accessible for users. According to Ronin’s newsletter, the relaunch follows three successful audits including one internal audit and two external audits by Verichains and Certik, in order to tackle development issues that caused the system to be hacked and made changes to improve. Ronin Bridge is Back Verichains and Certik are two leading audit firms in the crypto secto. After the attack, these companies analyzed the Ronin Bridge Smart Contracts and its components…

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El Salvador’s President Nayib Bukele Has Purchased 80 Bitcoins At $19,000 Each

El Salvador’s President Nayib Bukele Has Purchased 80 Bitcoins At $19,000 Each

El Salvador has recently purchased 80 Bitcoins.  Nayib Bukele tweeted his support towards Bitcoin during its bear run,adding that Bitcoin is indeed the future.  Despite the prices of Bitcoin plunging to new lows, El Salvador’s president Nayib Bukele seems to be unfazed by the ongoing bearish sentiment prevalent in the market. Bukele tweeted another Bitcoin purchase earlier today, adding that he has bought the Bitcoin dip, nearly 80 BTC for $19,000 each.  Nayib Bukele Buys The Dip.  Earlier today, Bukele took to Twitter to upload an image outlining his Bitcoin…

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BingX Review: The Social Cryptocurrency Trading Platform

BingX Review: The Social Cryptocurrency Trading Platform

BingX is a cryptocurrency trading platform that offers derivatives, spot, and copy trading to crypto investors across the world. Launched in 2018, the purpose of BingX is to lead the social trading platform sector by providing a safe, reliable, user-centric, and open ecosystem to enrich the entire cryptocurrency industry. Visit BingX BingX is among the earliest trading platforms to incorporate coined-margined and USDT-margined contracts. As the platform has also adopted USDC-margined perpetual swap onto its contract list, BingX can satisfy users’ needs no matter what the market conditions are. In…

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CZ: Many Might Laugh at Michael Saylor Now For Buying More Bitcoin, But He’ll Get the Last Laugh

CZ: Many Might Laugh at Michael Saylor Now For Buying More Bitcoin, But He’ll Get the Last Laugh

Summary: CZ believes Michael Saylor will get the last laugh in time over MicroStrategy’s consistent Bitcoin purchases. CZ was responding to news of MicroStrategy buying an additional 480 Bitcoins for $10 million. MicroStrategy now holds 129,699 Bitcoin at an average entry price of $30,664. However, Peter Schiff believes that Mr. Saylor bought a small amount to influence the market. Binance CEO, CZ, has offered valuable insights into MicroStrategy’s and Michael Saylor’s consistent purchases of Bitcoin despite the ongoing crypto bear market. According to CZ, many might laugh at Michael Saylor…

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FTX CEO: Some Crypto Exchanges Are On The Edge Of Bankruptcy

FTX CEO: Some Crypto Exchanges Are On The Edge Of Bankruptcy

A series of insolvency may be at hand in the crypto exchange market. In an interview with Forbes, Sam Bankman-Fried, CEO of FTX, also seen as a hero for struggling companies lately, said that more crypto companies are close to default. “There are some third-tier exchanges that are already secretly insolvent,” he commented. The downtrend in prices is causing heavy damage to crypto markets. Companies have made layoffs. Users’ trust and confidence in projects is lower than they did in the early days. Indicators measuring market capitalization and industry criteria…

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Ex-Coinbase Board Member Warns Crypto Will Go Lower in 2022, Advises Holding Enough Cash for the Next 30 – 36 Months

Ex-Coinbase Board Member Warns Crypto Will Go Lower in 2022, Advises Holding Enough Cash for the Next 30 – 36 Months

Summary: Tom Loverro has recommended crypto investors have enough cash to get through the next 30 to 36 months. According to his analysis, the crypto markets could go lower in 2022 and be flat in 2023. He warns that previous Bitcoin and crypto cycles are not a determinant of the future of the markets. Former Coinbase Board member Tom Loverro has recommended that crypto investors ‘have enough cash for the next 30 to 36  months.’ Mr. Loverro shared his insights through a Twitter thread, which can be found below, that…

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Epic Store’s First NFT-Enabled Game Announced

Epic Store’s First NFT-Enabled Game Announced

Epic Games, the developer and publisher behind Fortnite, officially announced its NFT game, called Grit, a game developed by Web3 gaming company Gala Games. Gala Games announced Monday that Grit was officially listed on Epic Games Store. It’s not only a bing thing with the developer but also marks a milestone of Epic Games – Grit is the first blockchain-enabled game to launch on the Epic Games Store. The game is open for Windows PC players to join. Despite the early introduction, Grit is scheduled to launch later this year…

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PayPal Embraces Crypto Transfers With Other Wallets Due to Customer Demand

PayPal Embraces Crypto Transfers With Other Wallets Due to Customer Demand

Key takeaways: PayPal has announced the launch of new features, including crypto transfers with other wallets. Initially, PayPal users could only buy, sell and hold digital assets on the platform without the ability to send or receive crypto to other wallets. PayPal has also been granted a full BitLicense by the New York Department of Financial Services (NYDFS), paving the way for other crypto financial services, including a possible stablecoin. PayPal has announced the launch of new features, including the ability of crypto users to transfer and receive digital assets…

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