crypto blog
KuCoin lists AirDAO’s $AMB token with a $USDT pair
Lausanne, Switzerland, 9th November, 2022, Chainwire KuCoin has announced it will list AirDAO’s $AMB token with a USDT pair on November 9th. The announcement gives KuCoin’s 25 million global users the opportunity to participate in AirDAO’s up-and-coming DeFi ecosystem, boosting its rapidly growing international community and marking another exciting exchange listing for AirDAO. KuCoin is running a Net Holding competition as part of the events surrounding the listing, with $30,000 in $AMB tokens up for grabs for participants. Also, KuCoin will launch a Twitter airdrop and a participation reward campaign to promote the listing. Previously known as Ambrosus, AirDAO is the first DAO to govern a layer-one blockchain. The flagship AirDAO Dashboard simplifies the complexity of DeFi trading into a...
How is Metacade (MCADE) Different from Other Metaverse Worlds Like the Sandbox (SAND)
Metaverse worlds like The Sandbox saw mainstream popularity after the term ‘metaverse’ became part of the public discourse back in late 2021. As investors seek to take advantage of the growing metaverse gaming industry, a new token known as Metacade has been attracting some attention in crypto circles. Today, we’re going to explain what the difference is between The Sandbox and Metacade, and which one you should consider investing in. Player Ownership is the Foundation of The Sandbox (SAND)’s Economy The Sandbox is one of the leading metaverse platforms on the market today. It’s a 3D virtual world powered by the Ethereum blockchain that allows its users to create immersive gaming experiences. To start creating games, players must first purchase The Sandbox’s digital real estate, represente...
Upland and FIFA Officially Launch the FIFA World Cup Qatar 2022™ Experience in The Upland Metaverse
PALO ALTO, California, 10th November, 2022, Chainwire – FIFA and Upland have agreed to a multi-year partnership, starting with the FIFA World Cup Qatar 2022™ – The first of its kind partnership allows football fans from around the world to get a better understanding of Web3 and how to enjoy and benefit from a gamified metaverse experience – Agreement includes access for fans to own collectibles of legendary video highlights from FIFA World Cup Qatar 2022™ matches Upland and FIFA have today announced a multi-year partnership that allows the Upland community and football fans worldwide to collect, trade, and own FIFA digital assets and game video highlights, pursuing a joint mission to help fans get a better understanding of how the metaverse and web3 work. Through ...
Crypto stablecoin issuer Circle adds Apple Pay support
Circle, the issuer of the United States dollar-pegged stablecoin USD Coin (USDC), has added support for Apple Pay — with the intention of bringing the crypto and traditional payment systems closer together. Circle made the announcement in a Nov. 15 blog post suggesting it may boost sales for crypto-native businesses as they can facilitate traditional payments from non-crypto-using customers while enabling customers to “buy crypto with Apple Pay on their preferred exchange.” According to Circle, the addition of Apple Pay support will benefit traditional businesses by allowing them “to shift more retail payments to digital currency.” Apple Pay is available to “eligible businesses” and claims enabling it is “a simple process”, meanwhile customers who checkout with Apple Pay at par...
Paradigm co-founder feels ‘deep regret’ investing in SBF and FTX
The co-founder of asset management firm Paradigm says they feel “deep regret” for having invested in FTX amid recent revelations involving FTX, Alameda Research, and Sam Bankman-Fried. In a Twitter post on Nov. 15, Matt Huang, co-founder and managing partner of Paradigm said the firm is “shocked” by the revelations surrounding the two companies and their founder, adding: “We feel deep regret for having invested in a founder and company who ultimately did not align with crypto’s values and who have done enormous damage to the ecosystem.” Matt Huang, Managing Partner and Co-Founder of Paradigm Source: Paradigm Paradigm is a crypto and Web3-focused venture capital firm based in San Francisco. In April reports suggested the firm’s assets under management totaled approximately $13.2 billi...
FTX Australia’s license suspended as 30K Aussies left in the lurch
Australia’s financial markets regulator has suspended FTX Australia’s financial license following the appointment of a voluntary administrator to help nearly 30,000 Australians and 132 Australian companies get their funds back from FTX. The announcement was made by the Australian Securities and Investments Commission (ASIC) on Nov. 16 local time, which suspended the Australian Financial Services (AFS) license of FTX’s local entity until May 15, 2023. Before its suspension, FTX Australia’s AFS license permitted it to create a market for derivatives and foreign exchange contracts to Australian-based retail and wholesale clients. Australian traders who signed up to trade digital assets were routed through FTX Australia. FTX Australia has however, been permitted to provide limited financial se...
FTX hacker is now the 35th largest holder of ETH
The hacker that exploited the now-bankrupt FTX exchange last week made a tidy fortune that has propelled them to Ether (ETH) whale status. Just a day after the embattled FTX exchange filed for Chapter 11 bankruptcy, its wallets were drained for more than $663 million in various crypto assets, according to blockchain intelligence company Elliptic. Elliptic suspected $477 million of this was stolen, with a large chunk of those tokens being then converted into ETH, while $186 million worth of more than a hundred different tokens was believed to be moved into secure storage by FTX itself. As reported by Cointelegraph on Nov. 15, the attacker was still draining wallets four days later in what analysts called “on-chain spoofing.” According to blockchain security firm Beosin, the attacker has con...
Gate.io Announces It Will Make Its Merkle Tree Proof of Reserves Solution Open-Source
Majuro, Marshall Islands, 10th November, 2022, Chainwire The cryptocurrency exchange Gate.io has made its Merkle Tree Proof of Reserves solution open-source. Announced by Gate.io’s Founder and CEO, Dr. Lin Han today, the exchange hopes other platforms can use its open-source solution to increase transparency and industry health and welcomes other exchanges to receive consultancy and advisory support. In cooperation with leading U.S. firm Armanino LLP, Gate.io was the first to conduct Proof of Reserves audits in this manner back in 2020. Recently, the pair completed another audit. As outlined in a report from Armanino LLP, Gate.io holds an excess of BTC and ETH reserves at 108% and 104%, respectively. Gate.io has been vocal about its commitment to enhancing confidence in the market since an...
WAHED Coin to Launch on LBank Exchange on December 5
Cranfield, England, 13th November, 2022, Chainwire WAHED Coin, the native cryptocurrency of the WAHED ecosystem, is to be listed on LBank on December 5. The asset powers a growing array of features within WAHED’s next-generation investment hub. The listing of WAHED Coin on LBank will make the digital asset available to a global audience, empowering them to tap into the many opportunities the WAHED ecosystem has to offer. WAHED’s team brings decades of experience to the next generation of innovators and entrepreneurs. The project embraces blockchain technology to assist businesses and make global investing and philanthropy more transparent. The leadership team is spearheaded by Chairman Shaikh Abdulla Bin Ahmed Bin Salman AlKhalifa. Serving as the driving force behind WAHED, the chairman br...
Metacade is Starting to Get Attention with its Presale Release in Q4 2022
With its presale in November, Metacade (MCADE) is getting investors’ attention. Branded as the world’s first community developed, Play to Earn metaverse arcade, the platform is beginning to make waves in the crypto market. Its virtual arcade will provide both gamers and developers a place to test, review, and earn, all in a completely decentralized marketplace. In this article, we’re going to take a deep dive into Metacade, and find out exactly why this project is gaining so much traction among investment circles. What is Metacade? Metacade is a virtual community hub where gaming enthusiasts can go to discover the most popular metaverse games, chat in real time, and learn about GameFi as well as ways to earn through play to earn games. Metacade will have everything you want to know about G...
SEC pushes deadline to decide on ARK 21Shares spot Bitcoin ETF to January 2023
The United States Securities and Exchange Commission, or SEC, has extended its window to decide on whether shares of ARK 21Shares’ Bitcoin exchange-traded fund could be listed on the Chicago Board Options Exchange BZX Exchange. In a Nov. 15 announcement, the SEC issued a notice for a longer designation period for the application of ARK 21Shares’ Bitcoin (BTC) ETF, originally filed with federal regulator on May 13. The SEC twice extended its window to approve or disapprove of the crypto investment vehicle in July with an extension and in August with a comment period. “The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and...
Thousands petition for congressional investigation of alleged Gensler–SBF links
Almost 4,000 people have used a CryptoLaw petition app to demand that Congress investigate United States Securities and Exchange Commission head Gary Gensler’s “actions in the FTX fraud,” the organization claimed in a tweet on the morning of Nov. 14. The CryptoLaw website is run by lawyer John Deaton, who is representing Ripple against the SEC and contributes frequently to the public discourse on the case. The petition reads, in part: “Evidence has emerged that proves that Gensler met with […] [FTX CEO] Sam Bankman-Fried, before the $14 billion collapse of FTX. Members of Congress have already been informed that Gensler was working with Bankman-Fried to give FTX a regulatory free pass while a massive fraud was going on right under the SEC’s nose. […] It’s time for a full Congressiona...
