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The recent developments in the crypto industry have pushed Metropolitan Bank to shut down its crypto services. Metropolitan Commercial Bank is one of the few U.S based financial institutions that opened its doors to crypto users during the crypto boom. The bank is known to provide crypto-related services like debit cards, payments and account holding …
Flare network airdropped FLR tokens on January 9th 23:59 UTC to eligible users. After waiting for 2 years, XRP holders received the first lot of FLR tokens. The distribution witnessed 4.28 billion tokens sent to eligible wallets. The qualified recipients were selected based on the number of XRP tokens held in the wallet, snapshot of …
Crypto betting is affecting content creators and players of the Valorant video game Shilling tokens & Crypto gambling are nothing new in the crypto industry. However, things got a little out of hand when such practices trespasses on other popular channels like gaming. Irritated from such practices, professional athlete Travis “tdawgg” Regan exposed such practices …
Messari CEO wasn’t happy after suspension and questioned Elon’s ownership of Twitter. In a strange yet funny incident, Ryan Selkis Twitter account was temporarily suspended on Twitter for impersonating Ryan Selkis. Ryan is the CEO & co-Founder of Messari crypto platform and a social figure with 300,000 Twitter followers. 48 hours of Twitter “permanent suspension” …
What seems like a breakout to the bull market can be the pullback to the value. Cardano ADA is up by 9%, Ripple XRP is up by 0.90%, GALA is up by 26% and the leading altcoin Ethereum is up by 1.5% as the markets opened today. It’s a sunrise in the cloudy bear market …
Peer-to-peer crypto marketplace Paxful permanently removes ETH from the platform. CEO & co-Founder Ray Youssef has announced the removal of ETH from Paxful which is one of the largest peer-to-peer Bitcoin marketplaces in the world. Backing up his action, Ray tweeted “valuing integrity over revenue”. We finally kicked #ethereum off our marketplace. 11.6m humans safer. …
Gala Games is all set to boost its crypto gaming ecosystem by launching mobile games. In a recent announcement on the Gala discord server, the company bought a mobile game studio with over 20 million users. The team further stressed upon making GALA a deflationary token to be used as a default token for the …
MAYC knock-off NFT collection Mutant APE Planet creator arrested for defrauding investors. The French national and the developer of the Mutant Ape Planet NFT collection Aurelien Michel was arrested by police in New York. He has been charged for defrauding investors of $2.9 million in a “rug pull scam”. By definition, rug pull is a …
Crypto lender Genesis boss Barry Silbert is doing everything to keep the wolf from the door. The new year isn’t welcoming for Genesis, a crypto lending platform that is struggling to survive in the crypto bear market. It was hit hard after FTX filed for bankruptcy and froze crypto withdrawals to protect the liquidity of …
The bank sold its assets at a loss to save itself from collapse but remain loyal to cryptocurrency. Silvergate Capital is a bank holding company focused on cryptocurrency and digital assets. Following the FTX crash Silvergate witnessed $8.1 billion in withdrawals from its crypto deposits. The sudden loss of assets has pushed the company into …