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Weekly News

New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

NFTs from Layer 2 were not previously recognizable to apps like Twitter. Optimism developers jvmi and Kelvin Fichter released a new app called Magic Mirror on Nov. 9 that allows…

Continue ReadingNew tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps

LayerZero Labs bought back its stake from FTX Ventures and Alameda

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

The protocol announced an agreement to buy out 100% of FTX Ventures’s and Alameda Research’s equity position. Interoperability protocol LayerZero Labs announced on Nov.10 an agreement to buy out 100%…

Continue ReadingLayerZero Labs bought back its stake from FTX Ventures and Alameda

FTX US resigns from the Crypto Council for Innovation

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

“The news this week has been shocking, but we’ve also seen the community come together,” said CCI CEO Sheila Warren. United States-based exchange FTX US has left its position at…

Continue ReadingFTX US resigns from the Crypto Council for Innovation

Why is the crypto market up today?

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

Bitcoin and the wider crypto market bounced higher today, but with the FTX drama in the forefront, investors are skeptical on whether the bullish momentum will hold. Bitcoin (BTC) has…

Continue ReadingWhy is the crypto market up today?

82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

The USDT issuer had total assets of $68.06 billion at the end of the third quarter, exceeding its total liabilities of $67.8 billion. Stablecoin issuer Tether Holdings Limited published its…

Continue Reading82% of Tether reserves held in ‘extremely liquid’ assets, according to attestation

Republican lawmaker claims SEC chair was coordinating with FTX ‘to obtain regulatory monopoly’

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

Minnesota Representative Tom Emmer did not provide any evidence to his claim that Gary Gensler was “helping SBF and FTX work on legal loopholes” but said he was looking into…

Continue ReadingRepublican lawmaker claims SEC chair was coordinating with FTX ‘to obtain regulatory monopoly’

‘Thank God’ El Salvador doesn’t have any Bitcoin on FTX, CZ clarifies

  • Post author:admin
  • Post published:November 11, 2022
  • Post category:Weekly overview

The Binance CEO added that the amount of misinformation going around now is “insane.” False information spreading online suggested that the president of El Salvador, Nayib Bukele, was seeking the…

Continue Reading‘Thank God’ El Salvador doesn’t have any Bitcoin on FTX, CZ clarifies
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