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What is the Cause of Chaos Triggered by the FTX Crisis and How Could It Be End?
# There Can't be Two Suns In Novemebr, FTX went bankrupt five days after the capital liquidity crisis, overshadowing its reputation as the world's second-largest exchange'. Binance CEO Changpeng Zhao broke down the stronghold of the world's second-largest exchange in just two days after he expressed his intention to sell all of the FTT held by his company. FTX, which seemed similar to Binance but showed a great presence in the cryptocurrency market with different moves, has achieved significant growth this year. It would have been the best year wit
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The Collapse of $22 barrier of FTT Led Crypto Maket Crash
Market fears are coming true as FTX Sam Bankman-Fried's barrier, which said it would defend the price of FTT at $ 22, has been collapsed. The '$22 barrier' of FTT was collapsed from 11:35 a.m. on Nov. 8. FTT has been falling repeatedly, recording about $15 based on the Coinmarketcap at 2 p.m. It's down about 30 percent from $22 that Sam Bankman announced to defend. On Nov. 7, Binance CEO Changpeng Zhao pointed out the financial solvency of FTT through his Twitter account and dropped a bombshell that Binance will sell all of
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Bitcoin's 14th birthday, Pronounced Dead 464 Times
After Satoshi Nakamoto released the Bitcoin White Paper on Oct. 30, 2008, two months later, at 6:15:05 p.m. on the 1st, 2009, the Genesis block (the first block created in the distributed data storage blockchain) was first created, and Bitcoin (BTC) made its debut in the world. The Bitcoin Genesis block address was '1A1zP1eP5QGeffi2DMPTfTL5SLmv7 DivfNa', which was the first 50 BTC to be created and included in the address at the time. Bitcoin, which is the first cryptocurrency made with blockchain technology and has now become
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Stablecoin Opens U.S. Dollar Hegemony Renaissance
# The Limitations of Dollar and 'Strong Dollar' Phenomenon Leading the Popularity of Stablecoin In October, when 'stagflation' accompanying inflation and economic recession has became a reality around the world, stablecoin emerged as a 'hot' asset in many parts of the world. While the global asset market has fallen sharply amid high inflation, the value of the dollar, the 'world's safetest asset', has become safer and more solid. Many people in the 'global village' want the dollar. Amid the high value of the dollar, the adoption of stablecoin that the value is pegge
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Bitcoin, a 'Risk Asset', Is Reborn As a 'Safe Asset' in 'Strong Dollar' Era
Despite the collapse of the asset market due to 'strong dollar' phenomenon, Bitcoin (BTC), referred as a 'risk asset', is showing a great price defense. In late September, the value of the dollar, considered as a typical 'safe asset', recorded the peak amid inflation still sweeping the world. In the last week of September, the U.S. stock market, which was a symbol of 'U.S. capitalism', collapsed sharply, led by Apple's 5% decline. It wasn't just the U.S. stock market. Due to the characteristic of 'global village', the value of other countries' legal curr
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World's Fastest Growing Staking Service Provider Born out of Lugano, Switzerland
LUGANO, Switzerland, Oct. 4, 2022 /PRNewswire/ -- Luganodes is a Swiss-based institutional-grade staking service provider, providing world-class blockchain infrastructure to PoS networks and enabling institutions with the right products and services of today and tomorrow. Luganodes aspires to play a critical role in securing and scaling Proof of Stake (PoS) networks through efficient, secure, and scalable decentralized infrastructure. Proof-of-Stake (PoS) consensus-based blockchains have validators instead of miners. Validators are servers (nod
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Klaytn Launches Gaming Gas Fee Rebate Program, Paving the Way for Wider Web3 Adoption
SINGAPORE, Sept. 28, 2022 /PRNewswire/ -- Open-source Korean blockchain Klaytn is launching a gas fee rebate program to allow gaming companies to offset gas fees from existing blockchain games built on Klaytn. Klaytn Launches Gaming Gas Fee Rebate Program, Paving the Way for Wider Web3 Adoption. With the aim of removing barriers to broader web3 adoption, Klaytn's gas fee rebate program will offset both user gas fees shouldered by gaming companies via Klaytn's gas fee delegation feature, as well as gas fees incurred from gaming com
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Ripple With the End of a Long Wait, What is at the End?
Ripple's lawsuit with the U.S. Securities and Exchange Commission (SEC) is about to end the long fight as it moves to a summary ruling. When the lawsuit between Ripple and SEC is finally about to end, the circumstances in favor of Ripple were exposed to the public through the media, and Ripple(XRP) showed a "rise" of more than 30% in a week. Ripple, who had been on the rise for a while but had quickly dropped, showed a unusual pace and began to create expectations, saying, "Is it time for real Ripple now?" At a time when Ripple's lawsuit with the
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Binance Drives Effort to Return 100,000 ETH to Victims of Fraud
DUBAI, UAE, Sept. 26, 2022 /PRNewswire/ -- Binance applauds the United States' efforts to compensate victims of the 2017-18 Centra Tech fraud. The U.S. has recovered 100,000 ETH, which will be used to fund the remission pool that seeks to compensate over 170,000 victims of fraud who traded the CTR token. Binance has worked tirelessly to identify as many victims of this fraud as possible and is pleased they will be given the opportunity to get their funds back. "We don't tolerate crime in any way and we're proud to work with the U.S. D
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Binance Announces Global Advisory Board
PARIS, Sept. 22, 2022 /PRNewswire/ -- Binance, the world's largest cryptocurrency exchange by trading volume, is pleased to announce the creation of its new Global Advisory Board (GAB), comprised of distinguished experts in public policy, government, finance, economics, and corporate governance. The Global Advisory Board, chaired by former US Senator and Ambassador to China, Max Baucus, recently convened in Paris, France. The board's purpose is to advise Binance on some of the most complex regulatory, political, and social issues th
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Tether and The City of Lugano Announce 1 Bitcoin prize for Plan B Forum Ticket Holders
LUGANO, Switzerland, Sept. 22, 2022 /PRNewswire/ -- Tether Operations Limited ("Tether"), the company operating the blockchain-enabled platform tether.to that powers the largest stablecoin by market capitalization of over US $67 billion, and the City of Lugano have announced that they will be giving away 1 Bitcoin to Plan B Forum ticket holders at the upcoming conference. Slated to take place from 28-29 October 2022, three lucky ticket holders at the Forum will have the opportunity to win up to 1 Bitcoin (BTC) blockchain ballot prize.
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The Era of 'Energy = Bitcoin' is Coming
# The Era of 'Energy = Bitcoin' is Coming At September 2022, Russia declared a 'crypto international trade' that uses cryptocurrency for international trade settlement. Russia, the world's largest natural gas exporter, announced the use of cryptocurrency in trade settlement. It signal the advent of the new era that 'new energy currency' will appear after 'petro dollar'. In 2022, the world is suffering from severe inflation. One of the main causes of the current 'hyperinflation' is soaring energy prices. The outbreak of war between Russia and Ukraine and the result
