According to two sources of The Block that have knowledge of the aborted transaction between FTX and Celsius, FTX was interested in a plan to gain control of Celsius but walked away after evaluating the finances of the company. According to one of the sources, Celsius’s financial statement allegedly has a two billion dollar shortfall in its balance sheet.
In line with its monthly token unlock initiative, Ripple’s popular blockchain network has unlocked yet another one billion units of XRP from escrow.
Hundreds of Bored Ape owners have signed up to a new NFT licensing marketplace that enables hodlers to rent out their Ape’s IP to brands.
After the downfall of the two most popular crypto assets on the Terra blockchain, the digital currencies terrausd (UST) and luna classic (LUNC) increased a great deal in value against the U.S. dollar in recent times. During the last seven days, LUNC has risen 96.3% and the once-stable coin UST has increased 472.4% this week.
On Thursday, June 30, the U.S. Justice Department slapped charges against a person promoting “Baller Ape Club” non-fungible tokens, in what appears to be an alleged rug pull scam. The U.S. DoJ has reportedly named five people involved in crypto fraud schemes which together raised more than $130 million from investors.
On Thursday (January 30), the president of El Salvador, which is the first country in the world to give Bitcoin legal tender status, disclosed his country’s latest BTC purchase.
Bitcoin (BTC) has seen its worst quarterly loss in 11 years with price and activity on the blockchain both plunging over the last three months.