Crypto Exchange Bitfront Shuts Down Amid Industry Challenges

Cryptocurrency exchange Bitfront has announced its intention to cease operations in the coming months, citing challenges facing the industry. The U.S. trading platform, backed by Japan’s social media giant Line, indicated the decision is unrelated to the collapse of FTX. Line-Supported Digital Asset Exchange Bitfront Suspends New Sign-ups Bitfront, a crypto exchange operating in the United States, has suspended new sign-ups and credit card payments while planning to cease operations in a few months’ time. The move comes despite efforts to overcome the current challenges in the “rapidly evolving” crypto…

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The World’s Largest NFT Marketplace Opensea Adds BNB Blockchain Support

On Tuesday, the world’s largest non-fungible token (NFT) marketplace in terms of overall NFT sales volume, Opensea, announced that BNB blockchain-based NFTs will be supported on the marketplace platform. With BNB blockchain support, Opensea users will be able to purchase and list BNB NFT assets. Opensea Integrates BNB Chain — Marketplace Users Can Now Buy and List BNB-Based NFT Assets This week, Opensea surpassed $33 billion in all-time sales according to statistics recorded by dappradar.com. On Nov. 29, 2022, Opensea revealed that the BNB blockchain will now be supported by…

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Report: NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff

With non-fungible token (NFT) sales a lot lower than they were at the start of the year, NFT companies and marketplaces are feeling the pain associated with the second-largest crypto winter to date. According to a report published on Monday and “multiple people familiar with the situation,” the NFT company Candy Digital is laying off over a third of the firm’s staff. After Raising $100 Million in 2021, Report Says Candy Digital Cuts a Third of Its Employees a Year Later On Monday, Sportico’s sports business reporter Eben Novy-Williams reported…

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Biggest Movers: LINK Hits 20-Day High, DOGE Rebounds From Monday’s Losses

Chainlink raced to a 20-day high on Nov. 29, as the token surged for a second straight day. Cryptocurrency markets were mostly higher in today’s session, following a sluggish start to the week. Dogecoin was another notable gainer on Tuesday, as the meme coin rebounded from yesterday’s losses. Chainlink (LINK) Chainlink (LINK) climbed to its highest point in three weeks on Tuesday, as prices rose for a second straight day. Following a low of $6.67 to start the week, LINK/USD races to an intraday high of $7.43 earlier in today’s…

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NFT Sales Jumped 22% Higher This Month With $568 Million in NFTs Sold Across 20 Blockchains

Non-fungible token (NFT) sales have shown improvement during the last month as 30-day statistics show NFT sales are up 22.37% higher than the month prior. During the last seven days, NFT sales are up 5.13% higher than the week before. Additionally, over the last two days, the floor value of Bored Ape Yacht Club (BAYC) NFTs managed to jump above the floor value of Cryptopunks NFTs by more than four ethereum. NFT Sales Improved in November, Rising 22% Higher Than October’s Sales — BAYC Floor Surpasses Cryptopunks Roughly two weeks…

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Bitcoin, Ethereum Technical Analysis: ETH Climbs Above $1,200 Ahead of US Consumer Confidence Report

Ethereum rose back above $1,200 on Tuesday, ahead of the upcoming consumer confidence report from the United States. The price comes following a breakout above a key resistance level of $1,180. Bitcoin also climbed higher in today’s session, ending a five-day losing streak. Bitcoin Bitcoin (BTC) snapped a five-day losing streak on Tuesday, as prices moved away from a recent point of support. Following a low of $16,054.53 to start the week, BTC/USD surged to an intraday high of $16,522.26 earlier today. This surge saw bitcoin climb from its aforementioned…

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President of Bank of Brazil Shows ‘Open Finance’ Digital Real Concept Featuring Stablecoin Integration and Payments Functionality

Roberto Campos Neto, president of the Bank of Brazil, explained the role that the Brazilian central bank digital currency (CBDC), the digital real, might play in the future of personal finance. At an event, Neto explained the concept of “open finance,” showing a “super app” that featured PIX (a payments network) functionality, and also integration with other stablecoins already available. Digital Real Might Connect Directly With Cryptocurrencies The proposed Brazilian CBDC, the digital real, is ostensibly growing to have more and more functions. Roberto Campos Neto, president of the Bank…

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Bitcoin․com Announces Strategic Partnership with Poly Network

Join the Verse public token sale now and purchase VERSE tokens using BTC, BCH, ETH and USDT/USDC. Sale closes Dec 1 at 0:00 UTC. Bitcoin.com, a digital ecosystem that offers secure self-custody solutions for users to easily interact with cryptocurrencies, has formed a mutually beneficial strategic partnership with Poly Network to support Bitcoin.com’s Verse ecosystem. Poly Network is a decentralized and trustless interoperability protocol for heterogeneous blockchains, which has so far integrated support for over 130 tokens. Verse is Bitcoin.com’s ecosystem token that will launch following the public sale, currently…

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Blockchain Pilgrimage: Regulating Crypto ‘Should Be Combined With Education’ Says Top Wadzpay Executive

The collapse of Do Kwon’s Terra empire in May, and Sam Bankman-Fried’s FTX in early November 2022, will be remembered as two incidents that put the crypto industry on the back foot. It is now widely expected that regulators around the world will use the two incidents to justify the establishment of regulatory regimes that are likely to stifle further innovation. That notwithstanding, one Singapore-based blockchain payments company, Wadzpay, has partnered with Saudi Arabian fintech Geidea to provide financial solutions for pilgrims on their way to Mecca. Providing a Cutting…

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Spanish Securities Regulator CNMV Warns About Crypto Investments; Calls for Caution After FTX Downfall

The Spanish securities regulator (CNMV) has warned investors against putting funds in crypto-related companies. Montserrat Martinez Parera, vice president of the organization, stated that lack of control is one of the causes of the downfall of the crypto exchange FTX, and that anyone looking at crypto as an investment must be very careful due to the lack of regulation in the area. Spanish Securities Regulator CNMV Warns About Crypto-Related Investments The Spanish securities regulator, the CNMV, has given its opinion about the recent downfall of FTX, one of the top…

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