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FTX seeks to sell $744 million in Grayscale and Bitwise assets amid its bankruptcy proceedings. The asset sale aims to prepare for creditor payouts and minimize price volatility risks. FTX founder Sam Bankman-Fried was recently found guilty of all the charges that had been levelled against him. In a move to address its financial obligations and recover from bankruptcy, the troubled crypto exchange FTX , along with its debtors, has submitted a proposal to the US bankruptcy court in Delaware seeking to sell trust assets. The proposal outlines the sale of trust assets, consisting of funds from Grayscale and Bitwise, with a combined estimated value of $744 million. Upcoming creditor payouts FTX , once a major player in the crypto exchange industry, filed for bankruptcy in November the previous year after reports revealed the misappropriation of customer funds . The proposed sale of “trust assets” is aimed at preparing the estates for forthcoming di...

BitGo acquires HeightZero to serve the growing institutional interest in crypto wealth management. BitGo CEO, Mike Belshe, emphasizes the urgency for wealth managers and RIAs to prepare for an impending Bitcoin ETF approval. HeightZero’s services enhance BitGo’s capacity to offer secure long-term crypto holdings for institutional clients. Cryptocurrency custody specialist BitGo has made a strategic move in the rapidly evolving digital asset landscape by acquiring HeightZero, a software platform dedicated to providing wealth managers with tools to incorporate crypto currencies into their clients’ portfolios. While the financial specifics of this acquisition have not been disclosed, the implications are clear for the growing institutional interest in the crypto market. Preparing for the imminent Spot Bitcoin ETF approval With the anticipated approval of a spot Bitcoin (BTC) exchange-traded fund (ETF), BitGo’s CEO, Mike Belshe, has is...

Roblox adopts XRP as a payment method for in-game purchases. The integration will be aided by BitPay and Xsolla, facilitating seamless integration with crypto wallets. The move reflects the growing interest in cryptocurrencies within the gaming industry. Roblox, the immensely popular online gaming platform with over 200 million monthly active users, is breaking new ground by adopting Ripple (XRP) as a payment method for in-game purchases. The announcement was made on October 17, 2023, through BitPay’s official X channel. News Alert 📰@Xsolla now accepts XRP(@Ripple) with BitPay as a payment method for their games, such as @Smitegame and @Roblox. You can use your favorite cryptocurrency to buy, play, and enjoy gaming like never before.#BitPay #crypto #Smite #Xsolla #Roblox pic.twitter.com/NAg2EyOVGM — BitPay (@BitPay) October 17, 2023 Roblox’s Ripple(XRP) integration Roblox, which boasts 65.5 million daily active users, has recogn...

Cryptex Finance has integrated Chainlink to launch NFT Index Token JPEGz Powered By Chainlink and Coinbase Cloud. JPEGz is an index token that will give users broad exposure to the NFT market. Over the last year, the NFT market has seen extreme success despite its volatility, hitting 200,000+ NFT sales at its peak. Additionally, leading Web2 companies joined the NFT space, which helped the NFT Market Cap reach $12B at its peak and fueled the urgency to create an NFT index. This week, Chainlink Labs and Coinbase Cloud announced Chainlink NFT Floor Pricing Feeds that make the latest NFT pricing data easily accessible to developers, enabling them to create and deploy new DeFi use cases. Cryptex Finance’s JPEGz token will reference Chainlink NFT Floor Pricing Feeds to help ensure its index token reflects globally accurate floor prices for leading NFT projects. About Cryptex Finance Cryptex Finance is focused on building innovative, open-source financial solutions for the global crypto c...

dYdX V4 marks the full decentralization of the dYdX protocol with a unique combination of decentralization, scalability, and customizability that Cosmos offers. WHAT IS COSMOS Cosmos is a technology that makes it relatively easy to create a standalone blockchain with strong cross-chain capabilities. The Cosmos chains are based on Tendermint proof-of-stake consensus system. Cosmos offers high throughput and customizability. Each Cosmos chain traditionally has its own validators and Layer 1 staking toke. WHY A STANDALONE COSMOS BLOCKCHAIN dYdX embraces radical changes in technology that have the potential to dramatically improve the protocol. After exploring the landscape of current and upcoming blockchain technologies dYdX decided that Cosmos would allow them to build the best fully decentralized protocol. The main requirement for the V4 protocol is full decentralization. The decentralization of a system is equal to the decentralization of at least a decentralized component. Thi...

Penny cryptos are digital currencies purchased for a few cents to $5 or less, and in this update, we will look at the Top 5 Best Penny Crypto to invest in 2022.  Most cryptocurrency investors and traders find these assets appealing because of their low cost but high risk. If a penny cryptocurrency has long-term growth potential , it is a wise investment and should be included in any portfolio. Let’s look at the top five penny cryptocurrencies to invest in or buy in 2022. What is Penny Crypto? Coins in the “penny” range typically trade for less than $5, making them similar to “penny” stocks—high-risk investments due to low market capitalization but low investment costs. However, the greatest penny crypto to buy in should have growth potential. If not, the whole thing falls apart. Many variables will affect how successful crypto can be. For instance, it may be due to the quality of the underlying technology or investment, the strength of ...

The metaverse is not a single app. It’s a network of millions of virtual world s people visit to play games, socialize and collaborate. Today, most of those worlds are closed and disconnected walled gardens. Ready Player Me believes in the future of an open and connected metaverse that is built by many developers and creators and is not controlled by one company. For the open metaverse to emerge, cross-world services and standards that enable virtual world s to be connected and interoperable must be built. Avatars and identities play a huge role in that. It’s essential for anyone to be able to create an avatar they love and take it to any virtual world they want. Ready Player Me exists to break down walls to build a more connected virtual world. We are the avatar interoperability layer for the metaverse. For developers The actual builders of the metaverse are the game and virtual world developers working hard to create fun and engaging (perhaps even life-changing?) e...

Join Our Telegram channel to stay up to date on breaking news coverage Lucky Block: 31st of August Not long after LBLOCK has been able to acquire support above $0.002100, this crypto is already aiming even higher. As of the time of writing Lucky Block values are above $0.002170. And, going by how actively the market is moving, the price of this crypto may value higher than $0. 002200 shortly. Lucky Block’s Current Value $0.002174 Lucky Block’s Market Cap: $8.02 million Lucky Block’s Moving Supply: —— Lucky Block’s Overall Supply: 3.65 billion Lucky Block’s Position on Coinmarketcap: #3291 Key Value Marks: Upper Value Level: $0.002174, $0.002200, $0.002234 Lower Value Level: $0.002150, $0.002120, $0.002100 Value Analysis for LBLOCK: Lucky Block Eyes Breaking More Elevated Resistance Price activity on the LBLOCK/USDT 4-hour chart reveals that the uptrend is strong in this market. At this point price activity , is above the cente...

Join Our Telegram channel to stay up to date on breaking news coverage The Ethereum Merge is slated to happen this week, and a countdown already running on Google shows that there is only a day and a few hours left before the Ethereum network finally switches from a proof-of-work to a proof-of -work network . While the Merge news is creating anxiety in the crypto community , there is also chatter about the possible success of Ethereum forks. Some Ethereum miners plan to fork the Ethereum blockchain and retain the PoW consensus to continue their mining operations. Ethereum fork plans after Merge The team behind the EthereumPoW (ETHW) fork has unveiled its plans to launch a hardfork. The hardfork will be launched soon after the Merge, slated to happen on September 15. According to the team behind this fork, the hardfork will be launched within 24 hours after the Merge. The official Twitter account of EthereumPoW has said that the exact time the hardfork will be done will be co...

Join Our Telegram channel to stay up to date on breaking news coverage It seemed like only yesterday when Brazil’s regulator stopped the local investment funds from buying cryptocurrencies. However, as time passed and cryptocurrencies became more “mainstream,” Brazilian authorities have begun to see crypto in a renewed light. And the latest development is that Brazilian Crypto Trading Guidelines are coming; the Brazilian regulations are set on making the entire ecosystem more transparent. The regulator is working alongside Brazilian Economic Ministry, and CVM is under New Management The Brazil regulator is working alongside the nation’s economic ministry after the country’s Securities and Exchange Commission, CVM, took a U-turn about its stance towards crypto and announced it wants to play a key part in the regulation of the crypto economy in Brazil. It came shortly after the CVM was put under new management – leading the former chief to be ...

Join Our Telegram channel to stay up to date on breaking news coverage Shopify, one of the most popular e-commerce business solutions companies, has long been looking to solidify its presence in the crypto space. The tech giant is one of Canada’s largest companies by market value and has already signed on to be a part of Facebook’s Libra Association. However, it would appear that the firm is moving ahead of the social media giant to take the crypto plunge. Shopify Won’t Wait Around for Libra Shopify has partnered with CoinPayments, one of the top payment processors in the crypto space, according to an official offffff. The integration will allow Shopify’s clients to accept a wide array of cryptocurrencies, thus expanding their payment flexibility. According to the Cayman Islands-based firm, the integration will see Shopify merchants have access to over a thousand cryptocurrencies for payments. As the firm explained, the rationale is to improve cross-border payments for bu...

Join Our Telegram channel to stay up to date on breaking news coverage A New York federal judge rejected a landmark ruling in favour of Ripple Labs, Inc. and said crypto tokens sold to the public may be considered securities in a setback for the crypto industry that sent XRP tumbling US District Judge Jed Rakoff dismissed the July 13 ruling, which had said that only tokens sold to institutional investors are securities, when he denied a Terraform Labs motion on Monday to dismiss a lawsuit brought against it by the Securities and Exchange Commission (SEC). “In doing so, the court rejects the approach recently adopted by another judge of this district in a similar case,” he said. “The court declines to draw a distinction between these coins based on their manner of sale, such that coins sold directly to institutional investors are considered securities and those sold through secondary market transactions to retail investors are not.” Terraform had argued that the Ripple ruling i...

Join Our Telegram channel to stay up to date on breaking news coverage NEM, the world’s first non-turing complete chain to feature user-defined tokens, has gone through a significant pump and dump recently. After going up by a massive 35% rise a day earlier, it has dropped by 26%. Is the current dip the right time to buy this cryptocurrency? NEM Dumps After Experiencing Double-Digit Increase The crypto community was elated by the performance of NEM when it went up by 35%. The token’s performance led to many on CoinMarketCap through bullish signals for this crypto asset. However, the bears took over the next day at a value of 26%. That caused many of its early supporters to turn tail and through bearish signals. The weekly chart shows that NEM was consolidating around the $0.029 mark for a long time. Upon going further back, we found that the token has been trending around the same since last month. Why the Price Jump? NEM hasn’t been very active on Twit...