November 2022 | Last Cryptocurrency News Feed

DLCs On Lightning Open The Door For Bitcoin Smart Contracts

The first successful discreet log contract has been executed on the Lightning Network by creating a new type of transaction when opening a Lightning channel.The below is a direct excerpt of Marty's Bent Issue #1286: “The first mainnet DLC on Lightning has been executed.” Sign up for the newsletter here. Transaction graph showing how the…

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Crypto trading firm Auros Global misses DeFi payment due to FTX contagion

Auros is an algorithmic trading and market-making firm that provides liquidity for exchanges and token projects. 300 Total views 10 Total shares Crypto trading firm Auros Global appears to be suffering from FTX contagion after missing a principal repayment on a 2,400 Wrapped Ether (wETH) decentralized finance (DeFi) loan.Institutional credit underwriter M11 Credit, which manages…

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Nifty News: Porsche 911 NFTs, BMW files Web3 trademarks, Baby Shark’s NFT game and more…

Porsche to launch 7,500 NFTs for use in a ‘virtual world’German luxury car manufacturer Porsche has suggested it will be significantly ramping up its Web3 efforts after unveiling an upcoming NFT project consisting of 7,500 customizable tokenized vehicles. In a Nov. 29 announcement, Porsche stated that the NFTs will be launched in January, and users…

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EmpiresX ‘head trader’ to face 4 years of prison over $100M crypto ‘Ponzi’

Two other associates that helped run the U.S.-based fraudulent crypto platform EmpiresX left the country early this year and are believed to be in Brazil. 153 Total views 3 Total shares One of the leading figures convicted of being behind the $100 million crypto “Ponzi” scheme, EmpiresX, has just been handed an over four-year jail…

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Genesis Creditors Onboard Restructuring Lawyers, Exploring Ways to Avert Bankruptcy

For several companies in the crypto sector, 2022 marked the end of the line. A few seemingly vanished overnight. But Genesis’ creditors are making desperate calls to save the crypto brokerage from sinking into bankruptcy. According to a Bloomberg report, the creditors of the embattled firm hired restructuring lawyers and are exploring ways to avoid…

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LBRY says it ‘will likely be dead’ following SEC loss

LBRY Inc noted that while the company is on its last legs, the underlying protocol and blockchain behind the content platform will carry on. 696 Total views 4 Total shares The firm behind the decentralized content platform LBRY said its days are likely numbered following its recent loss against the United States Securities and Exchange…

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Axie Infinity is toxic for crypto gaming

Blockchain gaming is only four years old — a toddler compared to the rest of the industry. It has a lot of growing up to do, particularly when it comes to play-to-earn games.I’m a 28-year game industry veteran. I’ve produced 32 titles in that period of time on everything from Sega Genesis to Oculus Rift.…

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Delio Launches Staking Service for Ethereum 2.0 and Five Other Digital Assets

[PRESS RELEASE – Please Read Disclaimer] ‘Delio Staking’ – secure place to grow passive income Delio introduces staking service for five crypto assets Providing one of the lowest fees in the crypto market and an annual reward rate of up to 16.17% Staking for more than 60 digital assets to be launched soon, reaching Korea’s…

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The metaverse is happening without Meta’s permission

In changing the name of its parent company to Meta, Facebook put a stake in the ground: It would be the symbol of the evolution of the internet, the metaverse. Whether we liked it or not.According to Meta, the metaverse is “a set of digital spaces to socialize, learn, play and more.” Its first true…

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Sam Bankman-Fried: “I Never Tried to Commit Fraud”

Former FTX CEO Sam Bankman-Fried (SBF) spoke at length about FTX’s collapse and bankruptcy at the New York Times Dealbrook Summit on Wednesday. The former billionaire defended himself from accusations of fraud, and claimed that FTX’s troubles stemmed from an accounting error. Sam Bankman-Fried on Alameda’s Leverage Bankman-Fried’s interviewer began by asking whether the ex-CEO…