A quick recap for anyone who is out of the crypto whirlpool: Last year, FTX (one of the largest crypto exchanges) collapsed, crypto prices crashed and inflation rose. Now, the US Securities and Exchange Commission (SEC) is suing the world’s largest crypto exchange, Binance, for mishandling consumer funds, misleading consumers and creating a “web of
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The crypto universe has been riddled with chaos after chaos, with the Silicon Valley Bank collapse following the FTX downfall. Witnessing the cracks in crypto ecosystems, organisations and people had to rethink their investments. Blockchain tech company DigitalX (ASX: DCC) did so—letting go of some assets to keep peace among shareholders. First, DigitalX sold off
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As if crypto was not already having a tough year with the global stock market crash, it now has a new woe to deal with: Binance pulling out of the FTX merger deal. On November 8, both crypto exchange companies’ CEOs publicly announced that Binance would buy its rival FTX, as the latter suffered from
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Although low-cost trading platform SelfWealth (ASX: SWF) has seen customers reduce their online trading activity, many opting for rival platforms that are even cheaper, there is a silver lining amid rising interest rates where the Company is accruing more revenue as interest through the $736 million they hold as cash on behalf of their customers.
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Two years ago, the ASX decided that gaming company Animoca Brands did not meet the requirements of an ASX-listed company and kicked the Hong Kong-based company out due to their ties to cryptocurrency. At the time, they were valued at $120 million which was no big loss to the ASX, but fast-forward two years and
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With the price of Bitcoin appearing to have found its newest support level amid the price boom which sent BTC to it’s all-time high, data centre company DC Two (ASX: DC2) has found an innovative way to capitalise, leasing out modular data centres to miners seeking to reduce their power consumption expenses. The process of
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