Temasek writes off $275 mln funding in FTX, says discovered no pink flags throughout due diligence | Curated CoinCodeCap #17 November 2022 | by Coinmonks Staff | Coinmonks | Nov, 2022

Whereas Bitcoin paves the trail for crypto mass adoption, Ethereum turns into the sword of Keyboard warriors. Right here’s what occurred to the market yesterday:

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The crypto area is turning into more and more fashionable. It began out as an underground know-how created by an nameless determine with the pseudonym Satoshi Nakomoto and within the early days was being examined and utilized by only a handful of individuals. Now, with 9,657 tasks listed on CoinMarketCap (CMC) and upwards of 10,000 non-listed tasks (as they lack a local token, however are both wholly or partially energetic within the crypto area) we will confidently say that crypto has grown right into a formidable sector of the economic system that’s attracting ever-more buyers and vivid minds. Nevertheless, to the layman and even those that are working within the area, there stays confusion as to the massive image in addition to to the place totally different entities are positioned available in the market and the way tasks relate to 1 one other. Preserve Studying »

Bitquery is a giant information firm within the blockchain area with API-first merchandise. They began their journey in 2017 and have a remotam that meets yearly at some unbelievable vacation spot to fulfill, greet, and work collectively (Paid by the corporate. “Wink wink”)

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The latest indication of the business fallout following the failure of main crypto trade FTX final week was the announcement on Wednesday by cryptocurrency dealer Genesis that redemptions and new mortgage originations are being briefly suspended at its lending enterprise. Preserve Studying »

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Singapore’s state funding fund Temasek had said it had written off its total $275 million funding in bankrupt crypto trade FTX. “In view of FTX’s monetary place, we’ve got determined to write down down our full funding in FTX, regardless of the result of FTX’s chapter safety submitting,” Temasek’s official assertion reads. Preserve Studying »


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The chapter contagion is taking on the crypto business by storm, and crypto lender BlockFi isn’t any protected from it. As per reviews, BlockFi is getting ready for potential chapter submitting following publicity to the bankrupt trade FTX. Preserve Studying »


Variety of Gross sales confirmed an total lower all through the week. The Highest of this Metric was recorded on eleventh October which was 22.2K. And the Lowest of this Metric was recorded on the finish of the week on sixteenth October which was 14.1K.

ETH is a token of the platform Ethereum. Its present worth is round $1,572.53 on the time of writing, with a low of $896.11, and it has a market cap of 192 billion {dollars}. Preserve Studying »

ATOM is a token of the platform Cosmos. Its present worth is round $13.69 on the time of writing, with a low of $5.59 and a market cap of three.9 billion {dollars}. Preserve Studying »

AAVE is a token of the platform Aave. Its present worth is round $82.08 on the time of writing, with a low of $45.98, and it has a market cap of 1.3 billion {dollars}. Preserve Studying »

HT is a token of the platform Huobi. Its present worth is round $7.41 on the time of writing, with a low of $3.84, and it has a market cap of 1.1 billion {dollars}. Preserve Studying »

Prime 3 Crypto to Purchase the Dip in November 2022

Amid the current market crash, we’ve got probabilities that bitcoin is perhaps bottoming out, and therefore this may be the final alternative to seize a few of the cryptocurrencies at their lowest. Subsequently, right here’s a listing of the three greatest crypto property you could purchase through the dip. Preserve Studying »

Prime 3 Gaming Crypto To Purchase In October 2022

The gaming business has been rising quickly, and it’s anticipated to develop much more. Many crypto tasks are focusing on this market, and so they’re all making an attempt to take their share of the pie. Many cryptocurrencies are devoted to gaming, and it may be troublesome to decide on which of them to spend money on. The highest three gaming cryptocurrencies are AXS, WEMIX, and MANA. Preserve Studying »

Prime 10 DeFi Tokens to Purchase this Month, October 2022

Investing in DeFi tokens may be difficult and time-consuming. However by shopping for them with BitYard trade, buyers can simply keep away from the trouble. The method is fast, and customers can begin investing in varied tokens with just some clicks. Preserve Studying »

Prime 5 Metaverse Tokens to Purchase in Fall of 2022

A metaverse is a digital world that’s created with using pc know-how. The time period has been used to explain every thing from digital actuality worlds to cell phone video games. Preserve Studying »

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