Finance world news

Mandy Op.

Mandy Op.

Filecoin Foundation plans to create file storage in space

Filecoin Foundation plans to create file storage in space

The Filecoin Foundation has announced a new joint project with Lockheed Martin. Its goal is to launch and test a decentralised network storage based on the IPFS protocol in space. The first phase will be a test one. The experiment will take place on board the LM 400 satellite. The

"Sam Bunkman-Fried deserves the ninth circle of hell" - Anthony Scaramucci

"Sam Bunkman-Fried deserves the ninth circle of hell" - Anthony Scaramucci

SkyBridge founder Anthony Scaramucci spoke at the Davos Forum about betrayal in life and business. As an example, he cited his history with Sam Bankman-Fried. Scaramucci admitted that he used to consider the FTX head a friend. But after the fall of the crypto exchange, he felt "betrayed". The businessman

NFT blogger loses $50,000 to virus that promoted Google Ads.

NFT blogger loses $50,000 to virus that promoted Google Ads.

A user with the nickname "NFT God" lost more than $50,000 after he downloaded a malicious application that promoted Google Ads. He revealed this on his Twitter page. In addition to social media, his wallets were also hit - the attackers managed to steal NFT from his MAYC collection

BitConnect victims to receive $17m in compensation

BitConnect victims to receive $17m in compensation

The US District Court for the Southern District of California has approved the payment of $17 million in compensation to victims of BitConnect. It is one of the most high-profile "Ponzi schemes" in cryptocurrency history. Customers of the platform suffered $2.4bn in damages. Some 800 affected BitConnect customers from

Ava Labs signs agreement with AWS

Ava Labs signs agreement with AWS

Ava Labs has announced that it has expanded its partnership with Amazon Web Services. Based on the latter, Avalanche plans to launch a number of new features, including maximum node deployment via Marketplace. "It is very important that Avalanche developers are able to work in AWS via GovCloud when FedRAMP

Bitcoin comes alive: the world's largest cryptocurrency rises above $18,000 for the first time since November 2022

Bitcoin comes alive: the world's largest cryptocurrency rises above $18,000 for the first time since November 2022

The cryptocurrency is rising amid widespread positive sentiment from lower inflation in the US. The December US price growth rate data will be released today at 4:30pm. Analysts expect inflation to be negative. This will be a big win for the Fed.

Binance admitted to "mistakes" with Binance-peg BUSD

Binance admitted to "mistakes" with Binance-peg BUSD

ChainArgos revealed that the Binance-peg BUSD stabelcoin had insufficient collateral between 2020 and 2021. The crypto-exchange explained the situation. It said the discrepancies were due to "shortcomings" in the team. Binance also noted that many teams were involved in issuing and maintaining the peg, including Paxos Trust. "The process was

Ethereum Shanghai public testnet to be launched by the end of February

Ethereum Shanghai public testnet to be launched by the end of February

Last week, on January 5, the first 2023 Ethereum All Core Developers (ACD) conference was held. During that event, it was announced the launch of testnet Shanghai, the next major update to the network after its transition to PoS. The new date is the end of February. Deployment of the

Cryptosat sent a second cryptosatellite into space

Cryptosat sent a second cryptosatellite into space

Cryptosat launched with a SpaceX rocket the second crypto-satellite, which is no bigger than a coffee mug. The device stores databases for blockchain applications, products and services. "Even if you bury your computer in the mountains, you still need an Internet cable. And to run it, you need power. You

DCG closes subsidiaries and downsizes Genesis

DCG closes subsidiaries and downsizes Genesis

HQ Digital, one of Digital Currency Group's asset management subsidiaries, is shutting down. Meanwhile, another Genesis subsidiary has had new layoffs. The cryptocurrency lender cut its staff by another 30% (to 145 people). According to an insider, the company is mostly cutting sales and business development departments. Genesis had sent