Crypto exchange FTX filed for bankruptcy in the U.S., the company announced Friday. CEO and founder Sam Bankman-Fried also resigned his role, but will "assist in an orderly transition." John Ray III is the new CEO. FTX Group, which includes the FTX.com entity as well as FTX US, Alameda Research and “approximately 130 additional affiliated companies” have all filed for chapter 11 bankruptcy proceedings, according to a press release. FTX Digital Markets, FTX Australia, FTX Expess Pay and LedgerX (which does business as FTX US Derivatives) are not included, the release said. “The FTX Group has va

Quick take:Datonomy classifies NFTs, gaming and virtual worlds under the metaverse sub-segment.The platform will help investors to identify subsectors in the wider crypto industry.The platform leverages Goldman’s proprietary market technology together with MSCI’s indexing expertise while Coin Metrics will provide crypto.Goldman Sachs has collaborated with MSCI and Coin Metrics to launch Datonomy, a digital assets classification and benchmarking tool. The tool leverages Goldman’s proprietary market technology and MSCI global securities indexing expertise to create a digital assets categorisatio

Crypto exchange FTX and its sister trading arm Alameda Research’s wallet holdings have significantly dwindled in the past week following liquidity issues, illicit loans between each other, customer withdrawals and a market decline.FTX, which now faces insolvency, is seeking nearly $10 billion in external funding a week after CoinDesk first reported how funds were spread between the exchange and Alameda. The report led to a cascade of events – with crypto markets tanking, Alameda winding down trading, and FTX founder Sam Bankman-Fried losing most of his wealth.Ethereum-based token data on Dune

Quick take:Google Cloud will power some of Aptos’ validator notes.The Aptos blockchain will also be indexed on Google Cloud’s BigQuery service.This is an extension of Google Cloud’s partnership with Aptos.Layer-1 blockchain infrastructure company, Aptos, has partnered with Google Cloud which will power some of its validator nodes. The partnership was detailed in a panel at TOKEN2049 London by Aptos co-founder and CEO Mo Shaikh, who spoke alongside Simon Baksys, the go-to-market and business development lead for Google’s Web3 division.“I think this is the first time a Web2 and a Web3 company ha

Amidst FTX collapse, the Dogecoin team has announced that they are planning to upgrade the network which will support Proof of Stake consensus mechanism. This comes just three months after the network launched layer-2 scaling solution. As per the official post on Twitter, the network plans to launch the support for PoS on Nov 14.On the other hand, the network is opting to suspend its on-chain activities for 12 hours so that the upgrade will be launched successfully. The time that the upgrade is set to begin is around 3 AM (UTC) on November 14. As per the team, this suspension of on-chain activ

The Kava Network team announced via Twitter on Thursday that the Kava Ethereum Virtual Machine (EVM) 2.0 is set to launch this holiday season.

Chainlink announced via Twitter on Thursday that Cask Protocol has joined the Chainlink BUILD Program.

HBAR Foundation, the development team behind the Hedera blockchain, announced via a blog post on Wednesday that Evercity, a Berlin-based green debt and carbon origination platform and developer of an open-source, sustainable finance protocol, will launch on the Hedera network.

Bebop, a decentralized exchange (DEX) incubated by crypto trading firm Wintermute, has launched on Polygon.Compared to other DEXs, Bebop has the ability to trade a basket of tokens in a single transaction, a feature the project calls its signature “one-to-many” and “many-to-one” trading."Imagine the future where you are able to convert any digital asset you own to any other asset, from an NFT collectible on one chain to tokenized crypto company bond issued on another,” said Evgeny Gaevoy, CEO of Wintermute, referring to non-fungible tokens.Bebop says it chose to launch on Polygon due to the ne

Is Doge so stealthy? The global economy is still struggling to come out of the stiff shackles posed by many reasons in recent times, including the Russian invasion of Ukraine, the slowdown in China, and the aftermath problems of the COVID pandemic, to name a few.The soaring inflation and consistent pressure of rising fuel, food, and fertilizer prices have not just put cost-of-living in many countries unbearable for their residents but also made them look out for opportunities to save their savings from diminishing. From what was once deemed a niche investment, cryptocurrency has now become one