cryptocurrency

Big Eyes Coin (BIG) is one of the few cryptocurrencies that is going through a purple patch at the moment. Despite only being in stage six of presale, the meme coin has raised over $10 million, secured a Tier 1 CEX Launch for its official release, appeared on a 3D billboard in New York City, and been advertised in Marble Arch, London. Plus, Big Eyes Coin is looking to spread its cuteness even further by offering a coin bonus on all purchases with the code BIGPRIZE53. Meanwhile, its main competitors, Dogecoin (DOGE)…

To ensure Genesis wasn’t hamstrung by the loss, its parent company, Digital Currency Group (DCG), bailed it out. But in the aftermath, Genesis cut 20 percent of its workforce to reduce costs and Michael Moro, its longtime CEO, stepped down.Genesis again found itself on the wrong side of a collapse earlier this month; when FTX filed for bankruptcy on November 11, the firm lost $175 million stored with the exchange. Again, DCG intervened, providing a cash injection of $140 million.But despite multiple DCG bailouts, Genesis…

Cryptocurrency exchange Binance said on Thursday it was committing $1 billion to establishing an industry recovery initiative. Cryptocurrency exchange Binance said on Thursday it was committing $1 billion to establishing an industry recovery initiative (IRI) to invest in companies from the digital assets sector.The move comes at a time when the crypto market is teetering from the collapse of FTX, which is seeking Chapter 11 bankruptcy protection in the United States. The unraveling of one of the biggest crypto…

Crypto Market rose nearly 2 percent. Analytics Insight lists the top cryptocurrency prices for todayCrypto markets look stabilized as Bitcoin’s price rose by nearly 1 percent. With top cryptocurrency prices trading in the green this morning, the global market cap has experienced a gain of nearly 2 percent and stands at US$837.41B over the last day. Major cryptocurrencies such as Bitcoin, Ethereum, and BNB show an increase in price.  Investors are trying to grasp whatever profits the market has to offer right now. Below,…

El Salvador is seeking congressional approval to issue investment bonds in the cryptocurrency El Salvador is doubling down on its bet on cryptocurrencies even in the midst of a bear market. The first country to declare Bitcoin as legal tender is now working on a Digital Asset Issuance Law, which would facilitate operations with any crypto asset. According to a document available on the official website of the National Assembly of El Salvador, the law would regulate the transfer operations of any digital asset, seeking…

The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023. The crash of FTX exchange has injected greater urgency into regulating the crypto sector and targeting such 'conglomerate' platforms will be the focus for 2023, the new chair of global securities watchdog IOSCO said in an interview.Jean-Paul Servais said regulating crypto platforms could draw on principles from other sectors which handle conflicts of interest,…

In the wake of the spectacular meltdown of Sam Bankman-Fried’s crypto empire, many investors are looking for early warning signs that may have foretold the contagion that was about to unfold. In the wake of the spectacular meltdown of Sam Bankman-Fried's crypto empire, many investors are looking for early warning signs that may have foretold the contagion that was about to unfold. One possibility? Coinbase Global Inc.'s junk bonds.The largest US digital-asset trading platform has seen the price of its bonds plunge this…

In 2014, I bought 25,000 dogecoin as a joke. By 2021, it was briefly worth over $17,000. Problem was, I couldn’t remember the password. Determined to get my coins back, I embarked on a journey that exposed me to online hackers, the mathematics behind passwords, and a lot of frustration.Although most people don’t have thousands in forgotten cryptocurrency, everyone relies on passwords to manage their digital lives. And as more and more people buy crypto, how can they protect their assets? We talked to a host of experts to…

Planning to invest in a crypto project that will give you massive returns in 2023? Well, don’t miss out on Bitgert (BRISE) because it is the next big thing in the crypto industry. Crypto analysts have reviewed it as one of the best-performing crypto assets in the next few months. Bitgert is ending 2022 as one of the best-performing coins in the market. In fact, it is one of the coins that have done pretty well in terms of rewarding investors. Even at the time of this writing, Bitgert was one of the few coins still in…

Genesis is facing a liquidity crunch after a torrent of withdrawals due to the FTX collapse Cryptocurrency lender Genesis said on Monday it has no immediate plans to file for bankruptcy, days after the collapse of crypto exchange FTX forced it to suspend customer redemptions. The Digital Currency Group-owned brokerage declared this through an email statement, as reported by Bloomberg. Genesis opts to do outreach to investors and clients seeking credits for recovery. “We have no plans to file bankruptcy…