Tag Archives: social

2022 was the year of hype around Web3, but 2023 is shaping up to be the year when the plans are being implemented. Luxury brands are now focusing on more concrete utilization closely connected with the physical product in contrast to digital-only assets existing solely for the metaverse. Everything then boils down to the usage of crypto and digital assets for transactional purposes. Luxury in Web3 Web3 has gradually established a warm relationship with luxury goods, and...

If you have been in the crypto sphere for some time, there are two things you should already know: you should never want to invest more money than you can afford to lose, and you will never want to read the words “Please bear with me; I don’t wanna go to jail,” from the CEO of a major exchange – for example, Paxful. On April 6, Ray Youssef, CEO and co-founder of Paxful, a US-based P2P Bitcoin exchange, announced that he is working on a plan to reimburse users’ funds using his...

Thailand’s main opposition party is promising an airdrop of about 500 billion baht (around $15 billion) in cash within months of its coming to power. The party official said that the move is expected to help recover the country’s struggling economy and provide relief to those battling “neck-deep debt.” According to a Bloomberg report, a Pheu Thai-led government plans to distribute 10,000 baht each to about 55 million citizens who are 16 years and above if it wins the general...

The efforts to expand Bitcoin development and adoption in Africa and Central America continue. So the market is looking pretty comfortable with BTC after the failures of Silicon Valley Bank and others with crypto exposure. After shocking customers, markets, and regulators earlier last month, their effect on BTC’s market value seems priced into the momentum. While crypto yield scheme crashes and bank runs haven’t been able to keep down bitcoin’s price, something’s pushing it...

Bitcoin briefly dipped below $28,000 yesterday but has bounced off and currently sits inches above that line. As it happens quite frequently during the weekends, the trading volumes have declined, and even the more volatile by nature altcoins sit rather silent today. BTC Back Above $28K The start of this week saw some massive price fluctuations. It began with BTC’s price drop to $27,200 on Monday after fake news that Interpol had served Binance CEO CZ with a Red Notice....

The speculations about whether Elon Musk purposefully inflated Dogecoin’s price by changing Twitter’s logo so that he can dispose of his holdings continue on social media. According to data from Lookonchain, two of the five largest DOGE whales sold over $120 million worth of the memecoin amid its massive price rally this week. Twitter’s new owner is known as a keen proponent of the original memecoin, having pushed its price higher numerous times in the past through various...

Singapore authorities are doubling down on efforts to unveil a set of guidelines for banks on vetting crypto clients. As such, the banks in the city-state have been working with the authorities for the last six months to establish uniform standards for screening potential customers from the crypto industry. According to a Bloomberg report, the Monetary Authority of Singapore (MAS) has also joined the collaborative approach led by banks and police involving fine-tuning the...

A copy of the original Bitcoin white paper written by Satoshi Nakamoto has been found in every modern version of Apple’s Mac computers. Several Apple users have disclosed that they stumbled on the file while using their devices for unrelated operations. They found the file in different Mac versions, from Mojave (10.14.0), launched in 2018, to the current version and the recently released Ventura (13.3). Bitcoin White Paper Hidden in MacOS Since 2018 In a recent blog post,...

After the much pompous launch of the long-awaited Arbitrum token –  ARB –  rumors and sell-offs dominated the ecosystem due to a conflict between token holders and the Arbitrum Foundation. The popular blockchain tracking platform, Lookonchain, has identified four whales “continually” buying ARB tokens, despite the ongoing drama. Mechanism Capital’s Andrew Kang is one of the four whales, according to the analysts, who bought an additional 1.51 million ARB at $1.23 with nearly...

After Signature Bank collapsed last month, most of its assets and some of its loans were taken over by New York Community Bancorp (NYCB). All crypto-related clients, however, were told that their accounts would be closed in short order. Signet, Signature Bank’s proprietary software that allowed its crypto clients to transact in USD between such platforms at all hours of the day, remained in receivership at the FDIC. No Direct Exposure When Signature originally went under,...