<p class=”MsoNormal”>Troubled cryptocurrency exchange FTX has opted to raise capital to fill a shortfall as large as $8 billion in its finances. Reuters reports that the exchange will conduct a fundraise next week.</p><p class=”MsoNormal”>This is even as rival crypto exchange Binance on Wednesday <a href=”https://www.financemagnates.com/cryptocurrency/binance-pulls-out-of-ftx-acquisition-crypto-chaos-ensues/?utm_source=FMnewsletter&utm_medium=email&utm_campaign=10.11.22%2F”>bailed out</a> of a non-binding agreement to take over the former’s […]
Tag: STO
Robinhood without Direct Exposure to Alameda and FTX, Says CEO
<p> The share price of NASDAQ-listed zero-free trading app, Robinhood (<a href=”https://www.financemagnates.com/tag/robinhood/”>ticker:HOOD</a>) fell sharply for the second day in a row due to the cryptocurrency market turmoil caused by <a href=”https://www.financemagnates.com/tag/ftx/”>FTX</a>, a digital asset platform owned by Sam Bankman-Fried. Robinhood’s CEO, Vlad Tenev, tries to calm down concerned investors and says that the company’s operations […]
Best 3 Ethereum-based tokens to watch when the bull market returns
2022 has been characterised by a prolonged crypto winter. For this reason, most cryptocurrencies are trading at depressed levels. But one sure thing is that digital assets will be back on track again. Thus, buying the best tokens will rank top in investors’ minds. Tokens of reputable blockchains like Ethereum will top the list of […]
GameFi Is Here to Stay Despite Regulatory Headwinds
As regulations in the United States become increasingly hostile towards the crypto industry, there are concerns that promising financial innovations like the metaverse are at risk of being stifled. This concern comes amidst the introduction of the Responsible Financial Innovation and Digital Commodities Consumer Protection bills, with the former seeking to categorize various cryptocurrencies as […]
AllianceBlock Launches Trustless Identity Verification to Ease DeFi Compliance Friction
<p class=”MsoNormal text-align-start”>DeFi ecosystem startup <a href=”https://allianceblock.io/” target=”_blank”>AllianceBlock</a> says it has come up with a solution to the problem of blockchain-based identity verification, giving users the option of undergoing KYC just once and then using their established identity across multiple services and products. </p><p class=”MsoNormal”>The new solution is AllianceBlock’s Trustless Identity Verification (TIDV) application, which […]
Central Bank of Russia Addresses Digital Assets, DeFi in Latest Consultation Reports
On November 7, the Bank of Russia released two consultation reports discussing blockchain-based assets. One of the papers focuses on the use of digital assets, and the other one is dedicated to decentralized finance (DeFi). Here are the main highlights of the two papers: Bank of Russia Admits Blockchain Benefits, Calls for Improving Regulation on […]
How to stay safe from NFT scams
NFT is short for a non-fungible token, but you probably already have heard of this massive buzzword. If we go into more detail, the term non-fungible token refers to interchangeable digital assets, including anything from videos and audio files to photos. Unlike fungible assets like cryptocurrency, you can’t exchange an NFT for another non-fungible token, […]
Digital Securities Update – Upstream Lists Creatd and iQSTEL, LBRY Loses Against SEC, Ripple Sentiment Improving
With the increasing adoption of blockchain technology and the rising demand for tokenized assets, the global digital securities market is expected to grow at a CAGR of over 35%. This makes sense, given that blockchain technology enables the issuance of tamper-proof digital securities that can be easily traded on a decentralized exchange. This makes them […]
This little-known altcoin has jumped by 50% in a week. Does it still have an opportunity?
As digital assets continue to endure a crypto winter, Arweave is crafting a name for itself. The cryptocurrency nearly doubled in value in November. The monthly lows remain at $10, with the highest at $17.8 on November 3. Arweave’s token has fallen back to $10.8, and investors could be looking at it as a potential […]
Elon Musk Has Sold $20B Worth of Tesla Shares Since Investing in Twitter
Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Elon Musk has offloaded another 19.5 million of his Tesla shares in a transaction worth $3.95 billion, according to three filings with the US Securities and Exchange Commission. The news caused Tesla stock to […]
