Crypto news

Bitcoin has had a great year thus far, but there are some that say with the economy getting stronger, the present rally it’s enjoying won’t last. Bitcoin May Not See Its Present Rally Last Among the analysts who feel positive towards bitcoin is OANDA’s Craig Erlam, who stated: It has been a phenomenal start to 2023 for bitcoin. 2022 was easily the worst year on record for the world’s number one digital currency by market cap. After reaching a new all-time high of about...

The cryptocurrency space rejoiced recently when several large US banks halted services, and the FDIC, as well as other regulators, had to intervene to stop the contagion. However, the crisis expanded to Europe this week, with two of the most prominent names facing significant problems. Credit Suisse was acquired by the largest Swiss bank – UBS, for almost $3.3 billion, which was more than 60% less than what the former was worth days ago. This propelled another leg up in terms...

US prosecutors have reportedly accused the notorious Co-Founder of Terraform Labs – Do Kwon – of orchestrating a cryptocurrency scam that drained at least $40 billion from investors. The authorities of Montenegro arrested the 31-year-old developer earlier this week after he was on the run for several months, hiding in numerous countries and falsifying his identity. The US Pressing Charges According to a Bloomberg coverage, US prosecutors named Kwon as the main culprit behind...

Armstrong believes the future of crypto can best be moved forward when more pro-crypto lawmakers are at the helm of affairs. Brian Armstrong, the Chief Executive Officer of American publicly listed trading platform, Coinbase Global Inc (NASDAQ: COIN) has advocated for more inclusive representation of pro-crypto individuals in US politics. Speaking in a Twitter Spaces event Armstrong admonished crypto proponents to “contact their congressman, donate to pro-crypto candidates, show up at town...

[PRESS RELEASE – Please Read Disclaimer] The team at yPredict.ai has made a significant breakthrough by developing a cutting-edge payment gateway for purchasing their tokens in the presale and public sale stages. This innovative solution aims to provide an effortless and seamless experience for token buyers, who can now purchase tokens in just a few clicks. What sets this payment gateway apart is that it was created in a record-breaking 24 hours – a testament to the team’s...

No matter how well bitcoin seems to do, the fact remains that it’s never going to please everyone, and occasionally, some new celebrity comes out to bash the world’s number one digital currency by market cap and act like it’s useless or worthless. Recently, the latest celeb to pop out and criticize bitcoin was Sir Tim Berners-Lee, the inventor of the World Wide Web. Tim Berners-Lee Isn’t a Bitcoin Fan It’s interesting that of all people, Berners-Lee has issues with...

For LVMH, a task to convince other luxury brands to join the blockchain movement has been a difficult one. Luxury goods company LVMH has suggested that luxury brands are dependent on blockchain technology to improve the lifecycle of their products. According to Franck Le Moal, the Chief Information Officer (CIO) of luxury goods company LVMH, “when you talk about luxury, you are talking about long-term products, repair, and care”. And to achieve this, Le Moal, who is also the vice-chairman...

A recurring pattern of recent employee layoffs among tech giants reveals these companies are hedging against economic uncertainties.  Despite the current economic conditions, a number of tech giants are still likely to embark on company layoffs even though they are turning profits. These layoffs have been ascribed to a slowdown in operational growth and seen as a hedge against economic uncertainties. Across the United States, Europe, and Asia, tech giants such as Microsoft (NASDAQ:...

As part of the agreement, debtors will sell roughly $95 million worth of preferred stock back to Mysten Labs in addition to $1 million in SUI tokens. On Thursday, March 23, debtors of the collapsed crypto exchange FTX filed a motion in the bankruptcy court seeking a $95 million stake in the Delaware-based Web3 firm Mysten Labs. Crypto exchange FTX has been surviving to pay its customers impacted by the collapse of the exchange last year in November 2022. Before it fall, FTX had paid $101...

Amid rising global inflation and fear of a worldwide banking crisis, the demand for risky assets, including Bitcoin, has significantly spiked in the recent past. Crypto exchanges have been outlawed in mainland China since 2017, while digital assets like Bitcoin were banned in 2021. However, mainland China residents are eager to participate in the global financial revolution by all means. According to a report by media outlet CNBC, some Binance employees have been showing mainland China...