Major potential supporter Binance declined to make the investment after cryptocurrency lending firm Genesis suspended client redemptions and stated it would look for a $1 billion emergency funding loan. Due to potential "conflicts of interest" with the Genesis business model, Binance decided to pass the opportunity to invest in the startup. Genesis then reduced its rate and cut its fundraising expectations in half to $500 million. Genesis also approached Apollo Global Management for a financia

Blockchain, at its core, is a distributed digital ledger that stores data of any kind. A blockchain can keep track of cryptocurrency transactions, NFT ownership, and DeFi smart contracts. Public Blockchains vs Private Blockchains Blockchains can be public or private. Anyone can participate in a public blockchain, which means they can read, write, or audit the data on the blockchain. Notably, because no single authority controls the nodes in a public blockchain, changing transactions is extrem

As the nation follows through on its ambition to grow its VR Industry, Chinese businesses now provide World Cup Metaverse viewing.

An atomic swap (or cross-chain atomic swap) is a cryptocurrency exchange between two blockchains.

A whitepaper summarizes the key details of a blockchain or cryptocurrency project in a single document. It's a common method to describe how a project works and the issues it aims to solve. Definition A whitepaper is typically a report or manual that instructs readers on a particular subject or problem. To explain to users what they are doing and why, developers could, for instance, write a whitepaper about their program. A whitepaper is a document that helps describe the important features

What are Crypto scams? Crypto scams are similar to other types of financial scams, except that the scammers are seeking your crypto assets rather than your money. Many of the same tactics used in other financial crimes are used by crypto scammers, such as pump-and-dump schemes that lure investors into purchasing an asset with false claims about its value or outright attempts to steal digital assets. According to Shane Cummings, wealth adviser and director of technology and cybersecurity at Ha

The Monetary Authority of Singapore (MAS) defended its stance on Binance.com and the collapsed cryptocurrency exchange FTX, following complaints about the unequal treatment of the two companies since the regulator had earlier warned the public about Binance.com. Previously, Binance took actions to show that it has ceased soliciting and offering services to Singapore consumers, such as geo-blocking Singapore IP addresses or removing its app from Singapore app stores. MAS said: “Should Binance d

A bull market (or bull run) is a financial market condition in which prices are rising.

A period of falling prices in the financial market is known as a bear market. For novice traders, bear markets may be quite hazardous and challenging to trade. Investors may never return to the financial markets as a result of their ease in causing significant losses. In a bear market, investors frequently have a downward expectation for prices, or they are "bearish." This also implies that the general market mood is rather negative. This may not necessarily indicate that all market participant

Ethereum Climate Platform (ECP) will invest in climate projects that promise and have potential to mitigate Ethereum’s historic emissions.