Libra (LBA) & Facebook

On-chain analytics platform Nansen has released a report examining the aftermath of the controversial LIBRA token. Its findings indicate that 86% of traders who bought the cryptocurrency collectively lost about $251 million, while a select group of winners walked away with at least $180 million in profits. A Rapid Rise and Fall LIBRA debuted on Valentine’s Day, gaining instant traction after Argentine President Javier Milei appeared to endorse it in a post on X that has since...

Changpeng Zhao, founder and former CEO of the world’s largest crypto exchange, Binance, has decided to donate tokens he received from anonymous market participants to victims of the Test (TST) and Broccoli meme coin projects. The prominent crypto figure clarified that while he has decided to help victims of TST and Broccoli, his actions should not be interpreted as an endorsement for any of the tokens. What Led to CZ’s Donations? On February 15, a pseudonymous Chinese...

David Marcus, the former head of Facebook’s blockchain project Libra, recently shared how political opposition led to the ambitious initiative’s downfall. In a detailed post on X, Marcus called the project’s failure “100% a political kill,” pointing to actions by government officials that effectively stopped it. ‘A Political Kill’ Libra, later rebranded as Diem, was launched by Facebook in 2019. The platform was designed to be a fast, payments-focused blockchain paired with a...

In line with a broader trend among major tech firms, Chinese e-commerce behemoth Alibaba is downsizing its metaverse operations. The restructuring, which aims to improve efficiency, led to layoffs in Yuanjing, Alibaba’s metaverse unit, as the company recalibrates its focus in this sector. Downsizing Metaverse Unit According to the report by South China Morning Post, which is also owned by Alibaba, this move has affected “dozens” of employees. The layoffs reportedly impacted...

[PRESS RELEASE – London, UK, October 29th, 2024] The funding will support network growth in KRNL Labs’ quest to build the node package manager for decentralized computing KRNL Labs is pleased to announce a $1.7 million pre-seed funding round to build the largest open, multichain software registry in Web3. The round was backed by notable investors including TRGC, Superscrypt, Ryze Labs, Builder Capital, Blockchain Founders Fund, WAGMi Ventures, STIX, YAP Capital, and several...

Alphabet Inc’s Google department is making great strides with its AI chatbot, Gemini. Among Large Language Model AIs (LLMs), it competes with the likes of ChatGPT, Meta AI, and X’s Grok. As such, CryptoPotato decided to inquire about what cryptocurrency could be the next to have an exchange-traded fund in the States to track its performance. Alphabet’s Gemini Gets to Work While Nvidia AI chips are most popular for loading and calibrating AI chatbots, the Mountain View,...

While they are issued by smart contract blockchains with base layer currencies like Ethereum (ETH) and Solana (SOL), meme coins have fetched far greater gains in a shorter period of time than the most established cryptos. Bitcoin, for example, gained 347% from key price support at a Dec. 31, 2022 low level of $16,500 to an all-time high Bitcoin price of $73,800 on Mar. 14, 2024. Ether, meanwhile, gained 234% from a Dec. 31, 2022 low level of $1,200 to an all-time high...

Cybersecurity researchers have uncovered a malicious package on the Python Package Index (PyPI) that was disguised as a legitimate Solana blockchain library. Instead of performing its claimed function, the package was designed to steal private keys from users’ cryptocurrency wallets. The actual Solana Python API project on GitHub is called “solana-py”, but it is named “solana” on PyPI. A threat actor took advantage of this small difference and uploaded a malicious package called ‘solana-py’...

Der LBRY Token (LBC) ist die Kryptowährung der LBRY-Plattform, die auch Odysee betreibt. Er wird verwendet, um digitale Inhalte wie Videos zu kaufen, zu leihen oder für sie zu spenden. Content-Ersteller können mit LBC Geld verdienen, und Nutzer können ihre Lieblingsinhalte fördern. Die Blockchain-Technologie sorgt dabei für Sicherheit und Transparenz. In der digitalen Welt, in der Kryptowährungen und Blockchain-Technologien immer mehr an Bedeutung gewinnen, rückt der LBRY...

Imagine stepping into an immersive virtual reality world, all powered by crypto. That’s the big idea behind 5th Scape (5SCAPE) – a new VR project on Ethereum that is making waves after raising $6 million during its presale phase. 5th Scape – A New VR Ecosystem Built on Ethereum 5th Scape is a cutting-edge platform that’s taking VR experiences to the next level. The platform will offer a library of 3D VR games in genres such as MMA, cricket, soccer, archery, and more. But...