Tag Archives: social

Bitcoin failed to conquer the $30,000 level yesterday, and the subsequent rejection drove it south by over $1,500. The altcoins are Laos slightly in the red on a daily scale, with ETH struggling to remain above $1,900 and SHIB dumping by over 4%. Bitcoin Back at $29K After the unfavorable start of the week, which saw BTC slumping to under $27,800, the asset began its recovery almost immediately and spiked to $29,000 by Thursday. This came even after the US Fed’s latest...

According to CoinGecko research, the residents of the United States seem the most interested in memecoins such as Dogecoin (DOGE), Shiba Inu (SHIB), Floki Inu (FLOKI), and Pepe Coin (PEPE). India and the United Kingdom rank respectively second and third.  Despite being the first memecoin, DOGE has lost its leading position in numerous countries. Morocco is the only nation in the top 10 where Elon Musk’s favorite digital asset captured the most interest.  The Trends This Year...

Polkadot announced that Deloitte Switzerland is integrating the former’s parachain KILT blockchain technology for issuing reusable digital credentials to support KYC and KYB processes. With this move, Deloitte has become the latest major enterprise partner to come to the Polkadot ecosystem. The digital credentials in question will have extensive use cases such as regulatory compliance for banking and decentralized finance (DeFi), age verification for e-commerce, private...

Brian Armstrong, the co-founder and chief executive officer of major American cryptocurrency exchange Coinbase, revealed that the company is still 100% committed to the US market, despite the lack of regulatory clarity in the country. The CEO’s disclosure came as a response to a question from shareholders, who were curious about Coinbase’s plans to move operations out of the US and the implications of such for customers, during an earnings call for Q1 2023 on Thursday....

Technology entrepreneur, philanthropist, and co-founder of multinational technology giant Apple, Steve Wozniak, has criticized Elon Musk, billionaire CEO of Tesla and also owner and CEO of Twitter, for failing to fulfill the promise to launch self-driving cars. Wozniak also said Tesla could kill, referring to the car model as an example of artificial intelligence (AI) “gone wrong.” Wozniak Slams Musk on Failed Promise In a recent interview with CNN, Steve Wozniak was asked...

Bankrupt crypto exchange FTX missed the potential to own billions of dollars worth of SUI tokens after it sold its warrant rights to the native token of the nearly launched layer-1 blockchain too early. Following the much-anticipated launch of the Sui mainnet, the price of the SUI token rose to over $3 before dropping in value. At SUI’s current price, FTX’s SUI tokens would have been worth around $1 billion. FTX Loses out on Gains on SUI After Selling its Token Warrants FTX’s...

Bitcoin initiated a leg up in the past 24 hours that brought it just inches away from the coveted $30,000 line. However, the asset is yet to breach it. The altcoins are also on the rise, with ETH nearing $2,000, while SOL and UNI are up by 4% daily. However, the day belongs to PEPE and Floki Inu. Bitcoin Stopped Ahead of $30K The working week, which was also the beginning of the new month, started on a bad note for bitcoin, which slipped by roughly two grand in hours to a...

OPNX – the project created by the defunct hedge fund Three Arrows Capital (3AC) founders – has been controversial from the very start. The exchange has now been reprimanded for conducting unregulated activity. Dubai’s Virtual Assets Regulatory Authority (VARA) has issued a written reprimand to five OPNX founders, including Kyle Davies and Su Zhu, for carrying out virtual asset exchange services on an unregulated basis in and from the Emirate of Dubai as well as engaging in...

On April 27, Bitget announced it has pledged $10 million for the development of the Fetch.ai ecosystem. Bitget plans to provide a range of services to Fetch.ai, including marketing consultations and strategic directions. Fetch.ai provides a service automation infrastructure that is powered by an AI agent network. These autonomous agents perform various tasks, including data analysis and complex financial modeling. The move is the latest to latch on to an AI boom driven by...

The United Kingdom is gearing up for tax treatment of lending and borrowing on decentralized finance (DeFi) protocols. The country’s taxation division – HM Revenue and Customs – released a consultation document seeking views on modifying the tax treatment of DeFi lending and staking. The final decision on whether to proceed with legislative changes will be made after the consultation. This is the second stage of a five-step process and will be followed by drafting...