News - The Daily Scrypt

Trading platforms for cryptocurrencies handle a lot of withdrawal requests Removal of almost $5 billion in BTC and ETH from exchanges

The Daily Scrypt2 years ago11 months ago04 mins

The crypto community has been grappling with the closure of FTX and its associated crypto firms for the last week, and ever since that time, the subject of proof-of-reserves has gained attention. The fact that cryptocurrency fans have pulled significant amounts of bitcoin and ethereum off centralized trading platforms is another bright spot in the disaster. Cryptoquant.com’s seven-day data show that since November 7, 2022, exchanges have eliminated more than $3.4 billion in bitcoin.

Binance still holds 5% of the supply of FTT despite FTX confidence being rattled.

The Daily Scrypt2 years ago11 months ago04 mins

5% of the whole FTT supply, now only worth $65 million, was all that Binance was left with despite the caustic memes that inundated Crypto Twitter when it first said it would and then wouldn’t acquire FTX.

As Post-Musk Dogecoin Gains Are Erased, Twitter Registers as a Payments Business

The Daily Scrypt2 years ago11 months ago03 mins

With numerous high-profile users pledging to stop using the service after the controversial billionaire acquired it, the Musk Twitter era is off to a bumpy start. The new Twitter administration has started along the path to becoming a payment processor thus far unfazed.

“Beyond Our Ability to Help”: Binance withdraws from the agreement to purchase FTX.

The Daily Scrypt2 years ago11 months ago06 mins

The agreement between Binance and FTX has been canceled after Binance announced its intention to purchase FTX on Tuesday.

The business abandoned the acquisition of rival FTX one day after cryptocurrency exchange Binance declared its intention to do so for an unknown sum.

FTX’s FTT Token Drops 78% in 24 Hours, as Bitcoin Drops to Yearly Low

The Daily Scrypt2 years ago11 months ago04 mins

Following reports that Binance will buy Sam Bankman-crypto Fried’s exchange, FTX’s token fell about 80%.
According to CoinGecko statistics, FTT has lost 78% of its value in the last 24 hours, falling from about $22 to $4.87.

As Elon Musk launches Twitter Blue Subscription, Biden accuses Twitter of spreading lies throughout the world.

The Daily Scrypt2 years ago05 mins

Elon Musk has begun offering a $7.99-per-month Twitter Blue membership service. However, US President Joe Biden is worried that the billionaire has purchased a social media site “that spews misinformation all over the globe.” Biden emphasized that there are “no editors anymore in America,” and asked, “How can we expect them to comprehend what is at stake?”

Goldman Sachs Launches Data Service to Assist Investors with Crypto Market Analysis

The Daily Scrypt2 years ago04 mins

Goldman Sachs has introduced a new data tool in conjunction with MSCI and Coin Metrics to assist investors in analyzing crypto markets. The new approach is “intended to offer a uniform, standardized manner to assist market players examine and evaluate the digital assets ecosystem,” according to Goldman.

Yuga Labs’ CEO said the company is hiring the “best and brightest” to build the “next internet.”

The Daily Scrypt2 years ago04 mins

Nicole Muniz, CEO of Yuga Labs, spoke on the main stage of WebSummit in Lisbon on Thursday, discussing the necessity of digital asset protection and safety, the potential of IP rights, and the beginnings of the Bored Ape Yacht Club (BAYC).

Instagram will soon have NFT creation and trading tools built in

The Daily Scrypt2 years ago11 months ago05 mins

Instagram will soon include tools for creating and trading NFTs, although in-app purchases will be “subject to appropriate app store fees.”

Steph Curry has filed a trademark for the ‘Curryverse,’ which allows fans to earn free NFTs.

The Daily Scrypt2 years ago11 months ago04 mins

Curry, the NBA’s Golden State Warriors’ point guard, has authorized his legal counsel to submit a trademark application that includes a variety of digital goods and services to be supplied through the metaverse, according to Attorney Josh Gerben of Gerben Intellectual Property.