Blockchain and Crypto News

Don’t miss real-time updates

Decentral Block Post

Access real-time blockchain and cryptocurrency news updates from around the globe.

FTX just imploded, and Jack Dorsey wants to talk about the next stage for crypto?

People need time to catch up before Jack Dorsey tries to launch the next generation of the internet.

Tom Brady and other celebrities named in class action lawsuit against FTX

Evidence suggests “FTX’s fraudulent scheme was designed to take advantage of unsophisticated investors,” according to the lawsuit.

Blockstream CEO Adam Back talks Bitcoin over a game of Jenga

Back was one of the few people cited in the original Bitcoin whitepaper.

Bybit releases reserve wallet addresses amid calls for transparency

The wallets seem to indicate that over $1billion worth of BTC, USDT, ETH, and USDC are held by the exchange.

27,000 requests last year: Collaboration key for Binance’s Investigations team

Binance’s Investigations and Intelligence team plays a role in helping global law enforcement agencies identify and combat crypto-related crime.

Breaking: Crypto lender Genesis Global halts withdrawals

The troubled firm is also acting as the liquidity provider of Grayscale Bitcoin Investment Trust.

FTX crisis could extend crypto winter to the end of 2023: Report

The crypto market might see “second-order effects” from counterparties that may have lent or interacted with either FTX or Alameda.

Island nation turns to metaverse to preserve its disappearing heritage

The island of Tuvalu said it plans to build a digital version of itself in order to preserve its history as it faces erasure due to climate change.

UAE regulator adopts blockchain to speed up commercial judgments

ADGM Courts aims to "massively transform the delivery of judicial services," said CEO Linda Fitz-Alan while introducing blockchain technology for commercial courts.

Circle marks a possible $3B loss from Binance stablecoin conversions

Circle attributed its miscalculated financial projections to Binance implementing USDC to BUSD auto-conversions and the recent collapse of FTX.

FTX Australia's license suspended as 30K Aussies left in the lurch

Three members of a Sydney-based investment and advisory firm are assigned to help Australians impacted by the suspension of the local entity of Sam Bankman-Fried’s former crypto empire.

FTX fallout continues: BlockFi reportedly mulling bankruptcy, SALT pauses withdrawals and deposits

News of BlockFi’s potential bankruptcy filing comes only a day after the platform denied allegations that the majority of its assets were held on FTX.

Yuga Labs acquires Beeple’s 10KTF game, hints at metaverse integration

Once the acquisition is completed, the company said that Beeple will be hired as an advisor for Yuga Labs.

1inch seeks to optimize gas costs with its new v5 router

The new router features a number of updates, including an improved smart contract error processing system.

Hive Blockchain revenue declines by 44% Y/Y despite overall mining production surge

The company mined 31% more Bitcoin than in the same quarter last year.

FTX hacker still draining exchange wallets? Analyst calls it on-chain spoofing

The FTX hacker managed to steal $477 million out of the $650 million moved on-chain on Nov.11 and currently holds $62 million in total assets.

FTX debacle sees Nansen take stock of major exchange onchain holdings

Blockchain analytics firm Nansen has released an overview of major cryptocurrency exchanges’ onchain asset holdings and portfolios in the wake of FTX’s collapse.

FTX collapse could see crypto sector layoffs accelerate

While the full impact of FTX’s collapse is still unfolding, some have already warned of an increase in layoffs to come “in the months to follow.”

Nifty News: Nike unveils NFT platform, Steve Jobs' sandals sell for $200K and more

A one-of-a-kind NFT of the Birkenstocks sandals worn by Apple co-founder Steve Jobs at various times during his life has sold for over $200,000.

Binance CEO urges crypto buyers to 'hold' amid 'unpredictableness'

Binance CEO Changpeng Zhao (CZ) said people should invest in crypto if they're using "cash that you don't need for a long time" as the market sees high volatility amid FTX's fallout.

Charities risk losing a generation of donors if they don't accept crypto

Crypto donations expose charities to a "new demographic of funders" that they can’t afford to miss out on.

Binance’s CZ says users share blame for placing trust in FTX, should take responsibility

The Binance CEO was responding to a questioner who accused the company of profiting from FTX’s downfall while normal users suffered.

BlockFi denies rumors that majority of its assets were held on FTX

Although it admitted to “significant exposure,” the crypto lender assured clients that it has “the necessary liquidity to explore all options.”

Inaugural GAM3 Awards to honor the best web3 games of 2022

Following the announcement, a representative confirmed that the venture capital firm Bitkraft would also be joining as a partner and member of the jury.

Former Huobi-linked entity says it has $18.1 million stuck on FTX

Lin Li, the company's founder, has agreed to lending up to $14 million to New Huo Technology to bailout affected clients.

Turbulence for blockchain industry despite strong Bitcoin fundamentals: Report

It’s Downtober for crypto as venture capital drops 48.6%, security token volume is down 24.8%, and Core Scientific and Argo Blockchain face financial difficulties.

Is GPU mining profitable after the Ethereum Merge?

The Ethereum merge is the upgrade from proof-of-work to proof-of-stake as a way of validating block transactions on the network.

Crypto.com CEO addresses whereabouts of $1B in stablecoins sent to FTX

CEO Marszalek says the firm has recovered much of the funds and has less than $10M in exposure to FTX.

US lawmaker blames 'billionaire crypto bros' for delayed legislation

The collapse of FTX has raised alarm bells across Washington D.C.

Image