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ZyCrypto

New CEO of FTX Outlines Significant Near-Term Goals

Posted on: November 17, 2022, in ZyCrypto

John Ray, the new chief executive officer and chief restructuring officer of FTX, has revealed steps being taken by the beleaguered crypto exchange to secure assets in the near term amid conducting bankruptcy proceedings. According to a tweet by the exchange’s general counsel, Ryne Miller, the CEO stated that FTX.com and FTX.us had initiated processes […]

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XT.COM To List The WSI Token In The First Quarter Of 2023

Posted on: November 17, 2022, in ZyCrypto

The WSI token (WSE) will be listed on XT.COM (the first socially infused trading platform) in the first quarter of 2023. Tokenized in the native BEP-20 format, the WeSendit ecosystem has a total supply of 1.5 billion WSI tokens. In exchange for staking their tokens, users can earn an annual percentage yield (APY) of up […]

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Ethereum’s Next Big Upgrade Slated For 2023 — Here’s why It’s Super Bullish For ETH

Posted on: November 17, 2022, in ZyCrypto

The coming year is already looking bullish for Ethereum and its native token, Ether, as the next upgrade, “Shanghai,” is set to kick off in…

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New Audit Report Shows Terra’s LFG Spent Over $2.8 Billion To Defend UST Peg

Posted on: November 17, 2022, in ZyCrypto

Luna Foundation Guard (LFG), the entity behind the collapsed Terra ecosystem, spent $2.8B (80,081 BTC and 49.8M in stablecoins) to defend UST’s peg, a new report by London-based third-party auditing firm JS Held has shown.

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Why are Band Protocol (BAND) Holders Excited About Market Newcomer Orbeon Protocol (ORBN)?

Posted on: November 17, 2022, in ZyCrypto

Holders of Band Protocol are keen on welcoming a new blockchain protocol – Orbeon Protocol. Interestingly, Orbeon Protocol is currently in its second presale stage and is already seeing 125% growth. This article reveals why Band Protocol holders are excited about the Orbeon Protocol and what this market newcomer has to offer. What is Orbeon […]

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Crypto Community Calls For Congressional Probe Into SEC Gary Gensler’s Ties To Bankrupt FTX

Posted on: November 17, 2022, in ZyCrypto

As onlookers try to make sense of the mind-boggling meltdown of crypto exchange FTX, crypto community members are demanding the United States Congress look into the relationship between the company and SEC chair Gary Gensler.

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BudBlockz Aims To Be The Low-Cap Crypto With The Best Growth Potential In 2023

Posted on: November 17, 2022, in ZyCrypto

The crypto world doesn’t stand still and offers various blockchain projects and new cryptocurrencies that bring fresh perspectives to the crypto space. BudBlockz (BLUNT) is one of the blockchain projects that can be listed under this category. BudBlockz (BLUNT) has seen significant growth in the last quarter of 2022, and all experts forecast that it […]

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The FTX Collapse Shows The Need for True Decentralization

Posted on: November 16, 2022, in ZyCrypto

FTX, one of the biggest exchanges in crypto, has not done the industry any favours over their disaster. While the situation is very complex, the key points are: FTX started having trouble amid concerns over its ability to keep operating. Binance began talks to acquire FTX, which would allow Binance to be the clear CEX winner and would […]

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Metaverse Market Size to Grow by $107.06 Billion by 2027, Asia Pacific Region to Lead – Report

Posted on: November 16, 2022, in ZyCrypto

The global metaverse market share is set to increase by $107.06 billion from 2023 to 2027, according to a report by leading global research firm Technavio Research. The report, which draws its analysis from five regions including North America, Europe, APAC, South America, and the Middle East and Africa further projects the market’s Year-Over-Year growth rate to hit 20.59% during the forecast period. […]

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Investigations Into The Collapse Of The FTX Empire Under Way

Posted on: November 16, 2022, in ZyCrypto

In a November 14, 2022, media release update on FTX, the Securities Commission of The Bahamas (SCB) confirmed that it had applied to the Supreme Court to appoint a court-supervised provisional liquidator for FTX and that it had obtained approval of joint provisional liquidators from PricewaterhouseCoopers (PwC). The SCB, which is the lead authority in […]

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