Monday, January 30, 2023

Crypto NFT Right this moment: The Newest Information in Blockchain, Cryptocurrency, and NFTs: Nov. 29-Dec. 5, 2022

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Welcome to a different version of Crypto NFT Right this moment! When you get pleasure from cryptocurrency, NFTs, and using emotional rollercoasters, that is the place to be.

Are you prepared for the crunch? Let’s get began.

Into the Cannaverse

CannaVerse Applied sciences, a robust advocate for marijuana and its medicinal makes use of, created Cannaland to leverage Web3 companies and blockchain expertise to usher hashish into the digital world. Cannaland is cultivating the world’s first cannabis-focused metaverse to realize this objective.

The grand imaginative and prescient for Cannaland: A one-stop, digital platform for all issues associated to hashish cultivation, extraction, manufacturing, distribution, retail gross sales and consumption. 

Offering financial infrastructure is the Cannaland Token (CNLT), which is able to act as the first forex for transactions in its metaverse.

‘Shrimp’ and ‘Crab’ Buyers are Flocking to Bitcoin

Crypto buyers are as soon as once more flocking to Bitcoin. Within the wake of the FTX downfall, the ensuing bear market is attracting non-whale particular person buyers again to the DeFi sector’s hottest coin. 

Smaller retail buyers have turned more and more bullish on Bitcoin and began accumulating extra BTC regardless of the continuing market disaster, in keeping with a report launched by the blockchain intelligence platform Glassnode on Nov. 27.

Alameda Analysis Withdrew Hundreds of thousands Earlier than FTX Chapter Submitting

Based on evaluation from blockchain agency Arkham Intelligence, Alameda Analysis withdrew over $200 million from FTX.US earlier than submitting for chapter. 

In a Twitter thread, Arkham revealed that Alameda Analysis, FTX’s sister firm, pulled $204 million from eight totally different addresses of FTX US in quite a lot of crypto belongings, nearly all of them stablecoins, within the ultimate days earlier than the collapse.

FTX nonetheless owes over $3.1 billion to its varied collectors. 

BlockFi Information for Bankrputcy

BlockFi is the most recent crypto lender to declare chapter 11 chapter following the catastrophic fall of FTX. BlockFi was beforehand rescued by the now-defunct alternate following Terra’s stablecoin collapse. 

Based on a assertion, BlockFi has $256.9 million available. It has filed motions “to pay worker wages and proceed worker advantages with out disruption.” It additionally seeks to “set up a Key Worker Retention Plan to make sure the corporate retains educated inner assets for business-critical features” and has created an inner plan to scale back bills.

BlockFi Worldwide has additionally filed for chapter with the Supreme Court docket of Bermuda, in keeping with the assertion.

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