Tag Archives: News

In a group statement, the moderators of the thousands of subreddits participating in the protest stated that the potential impact of these changes goes beyond the inconvenience caused to users who prefer third-party apps. In a remarkable show of solidarity, numerous Reddit communities have united to take collective action against an imminent change that threatens users’ ability to freely access APIs and tools. Starting today to June 14, these communities, which include popular crypto...

DeFi hacks have gone through the roof in recent times and many will argue that the DeFi ecosystem has proven time and again that it is indeed an exploiter’s paradise. Decentralized finance (DeFi) protocol Sturdy Finance is the latest victim in a long list of DeFi hacks. The Sturdy Finance platform has reportedly lost 442 ETH (worth a little above $800,000 as of publication), to a daring security exploit. Blockchain security firm PeckShield was the first to notice what appeared to be a...

OpenAI CEO Sam Altman expresses his positive outlook on the prospects of global AI coordination, emphasizing the need for collaboration and cooperation among nations. Sam Altman, the CEO of the trendy OpenAI chatbot, ChatGPT, in a series of recent interviews, has shared his optimism regarding the global coordination of artificial intelligence (AI) efforts. Serving as the prominent representative of this innovative startup, supported by the influential Microsoft Corp, the CEO has embarked...

Considering the tight market conditions, Nio has also put its expansion plans on hold for the time being. It has stopped any additional incentive programs such as free battery swaps for new users. In the latest development on Monday, June 12, Chinese electric carmaker Nio announced cutting the prices of its cars by around $4,200 with immediate effect. Furthermore, the company shall also be ending free battery swaps for new buyers. This is quite surprising since back in April 2023, Nio CEO...

As one of America’s leading venture capital firms, a16z has invested in many fintech projects both within and outside the region.   Andreessen Horowitz (a16z), a leading venture capital firm, has joined a wave of US-based companies seeking new opportunities outside the shores of the country following the recent crackdown on crypto in the region. In an official press release on June 11, the California-based enterprise said its digital asset investment arm, a16z crypto, will open an...

While some Democrats have been criticized for their regulatory stance on cryptocurrencies, it is essential to recognize that not all members of the party hold an anti-crypto position. In recent years, the world of crypto has grown in popularity, particularly among the younger population and the US Democratic Party’s stance on crypto regulations in recent times has raised concerns among influential figures in the industry. Cameron Winklevoss, the co-founder of the crypto exchange Gemini,...

Alex said that he is “more political” than his dad and mentioned his stance against the former president. George Soros, the popular philanthropist, and businessman, revealed that he is handing over his $25 billion empire to his son Alex. According to Forbes, George Soros is one of the top 400 wealthiest people in the world, with a net worth of $6.7 billion. The billionaire is a celebrated hedge fund tycoon who moved $18 billion from his family office to his Open Society Foundations as of...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Stellar lumen price is struggling below the $0.0880 resistance zone against the US Dollar. XLM price is now trading below $0.0880 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $0.0855 on the 4-hour chart (data feed via Kraken). The pair could start...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Ripple price started a downside correction from the $0.5450 zone against the US dollar. The price is now trading below $0.520 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.530 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A senior citizen in British Columbia, Canada is the latest victim of a cryptocurrency scam. It’s estimated that the victim, who remains unnamed, has lost more than $7 million. British Columbia Citizen Conned Out of Tons of Crypto British Columbia authorities have stated this is arguably one of the worst digital...