Industry News
Anthony Scaramucci counters James Dimon’s opinion on Bitcoin
Anthony Scaramucci, the founder and managing partner of SkyBridge Capital, has responded to JP Morgan CEO James Dimon’s cautious remarks regarding bitcoin. During a keynote speech at the annual Global High Yield & Leveraged Finance Conference in Miami, Dimon expressed concerns over long-term market influences such as quantitative tightening (QT), fiscal spending deficits, and geopolitical…
Sony Announces 900 Job Cuts in PlayStation Division
In a recent significant announcement, Sony Interactive Entertainment (SIE), the division responsible for PlayStation, has revealed plans to reduce its workforce by approximately 900 employees. This represents an 8 percent reduction across all of SIE’s global locations, making Sony the latest tech giant to instigate substantial layoffs within its organization. The reasoning behind the change…
Bitfinex Hacker testifies in trial, reveals laundering tactics
In an intriguing turn of events in the ongoing investigation into cryptocurrency-related crimes, Ilya Lichtenstein, the notorious hacker responsible for the 2016 theft from the Bitfinex exchange, has agreed to testify as a key government witness in a jury trial. The trial centers around Roman Sterlingov, who is accused of being the operator of the…
Nvidia GeForce Now Introduces Advertisements for Free Tier Users
Nvidia’s Game Streaming Service, GeForce Now, to Introduce Advertisements for Free Tier Users from March 5th Advertisements Set to Debut on GeForce Now for Free Tier Users on March 5th According to recent announcements, Nvidia’s keyboards streaming service, GeForce Now, will introduce advertisements for its free tier users starting March 5th. This departure from the…
Suicide Squad: Kill the Justice League Facing Critical Bugs Ahead of Season 1 Launch
Rocksteady Studios’ much-awaited looter shooter keyboards, “Suicide Squad: Kill the Justice League,” is set for its initial season launch. However, a persistent bug referred to as the “Loading Metropolis” issue poses a significant threat to the title’s success. Despite multiple patches aimed at resolving this bug, players on both PlayStation 5 and Xbox platforms have…
Kraken streamlines crypto services for institutional investors
Kraken’s New Institutional Platform: A Game Changer in Crypto for Institutional Clients Kraken, a prominent global cryptocurrency exchange, has recently introduced a new platform specifically designed for institutional clients. This development represents Kraken’s strategic initiative to consolidate its existing offerings into a unified suite for institutional investors, including spot exchange, derivatives trading, qualified custody, and…
IRS boosts crypto expertise with Binance.US ex-exec hire
The United States Internal Revenue Service (IRS), the country’s tax authority, has made two significant appointments from the cryptocurrency industry to strengthen its expertise as it gears up for the upcoming tax season. These new hires include Sulolit “Raj” Mukherjee and Seth Wilks, who will serve as advisers to the IRS. Raj previously held the…
Sam Bankman-Fried aims for reduced sentence amid fraud conviction
A Plea for Leniency: Sam Bankman-Fried’s Defense in the High-Profile Crypto Fraud Case In a notable turn of events in the contentious case of Sam Bankman-Fried, the founder of the now-defunct cryptocurrency exchange FTX, his legal team has submitted a plea for leniency to the US District Court. Marc Mukasey, Bankman-Fried’s attorney, presented their case…
Behind bars, Ex-FTX Sam Bankman-Fried chief champions Solana’s crypto potential
An Unforeseen Development: Sam Bankman-Fried’s Prison Stay and Promotion of solana In an unprecedented turn of events, Sam Bankman-Fried, the former CEO of FTX, has found himself behind bars, dedicating his time to working on his legal defense. However, instead of succumbing to the despairing circumstances, Bankman-Fried has taken this opportunity to offer valuable insights…
Controversy surrounds Justin Sun’s HTX wallet revelation
The cryptocurrency community was taken aback by an unexpected announcement from Justin Sun, the founder of the tron blockchain, who revealed that his HTX wallet contained a substantial amount of 28,614 Bitcoins, worth approximately $1.6 billion. Sun shared a screenshot on his Twitter account to demonstrate his active involvement with HTX, where he serves as…
IMF identifies digital currencies as key to financial inclusion in Pacific Island countries
The International Monetary Fund (IMF) has published a thorough analysis on the potential benefits and risks of digital currencies for Pacific Island countries (PICs). These nations encounter unique monetary challenges due to geographical isolation, small and diverse markets, and specific economic vulnerabilities. In a detailed report, the IMF highlighted how carefully designed digital currencies could…
Coinbase launches new feature for recovering assets sent to BNB Chain and Polygon
Coinbase, one of the most prominent cryptocurrency exchanges in the industry, has rolled out an innovative feature designed to help users recover assets that have been mistakenly sent to Coinbase’s unsupported blockchains, such as Binance Smart Chain (BSC) and polygon. This groundbreaking development, announced on February 27, 2023, enables users to reclaim their lost assets…
Central Bank of Nigeria raises interest rate—here’s why
The Central Bank of Nigeria (CBN) has made a significant move in its monetary policy by increasing the interest rate to 22.75%. This announcement was made following the two-day meeting of the Monetary Policy Committee (MPC), which took place between Monday and Tuesday in February 2023. The primary objective of this gathering was to evaluate…
Babylon’s Bitcoin Staking Protocol Secures Binance Labs Investment
Binance Labs, the venture capital branch of prominent cryptocurrency exchange Binance, has demonstrated its belief in the future potential of bitcoin by strategically investing in Babylon, an innovative bitcoin staking protocol. This investment represents Binance Labs’ dedication to fostering groundbreaking projects within the staking and restaking realms. Bridging the Gap between bitcoin and PoS Ecosystems…
LockBit promises vengeance as it restores its operations
Following a large-scale international law enforcement operation, the Russia-based LockBit ransomware gang has made a comeback on the dark web, showcasing their tenacity and adaptability in the face of recent disruptions. This operation, named “Operation Cronos,” resulted in the seizure of 34 servers spread across Europe, the U.K., and the United States. Additionally, two suspected…
Industry titans cheer as Bitcoin’s meteoric rise signals bull run kickoff
In an unexpected turn of events, the cryptocurrency market witnessed a significant surge in bitcoin (btc) prices, leading to substantial losses for short sellers. Within just 24 hours, bitcoin experienced a massive rally, surging by nearly 11%, reaching a new yearly high of $57,000. This sudden price increase resulted in the liquidation of over $161…
Vitalik Buterin suggests Linux as fix for Musk’s windows woes
Vitalik Buterin Recommends Linux as a Solution to Elon Musk’s Windows OS Frustrations: A Growing Discussion on Open-Source Software The ongoing dialogue between influential figures, ethereum co-founder Vitalik Buterin and Elon Musk, has brought the viability of open-source software as a mainstream alternative to proprietary operating systems to the forefront of public discourse. The conversation…
Challenges mount for Do Kwon as legal team confronts court errors
Amidst the ongoing legal battles and mounting uncertainties, Terraform Labs Co-Founder Do Kwon is facing a potential dilemma regarding his upcoming civil trial, scheduled for March 25. The recent developments, including the High Court of Podgorica’s ruling on Kwon’s extradition request, have brought his potential absence at the trial’s initial day into sharp focus. High…
Bitcoin trades around $57K for the first time since the crypto winter
bitcoin Surges Past $57,000: A Significant Milestone in the Crypto Market The cryptocurrency market has experienced a surge in recent days, with bitcoin (btc) reaching a new milestone by breaking through the $57,000 price level for the first time since late 2021. This significant increase in bitcoin’s value comes amidst renewed interest and investor confidence…
Chinese ministry uncovers fake Digital Yuan App – Here’s what you need to know
Title: The Surge of Fake Digital Yuan Apps: A Grave Threat to China’s Central Bank Digital Currency Ecosystem Amidst the burgeoning landscape of digital currencies, the Chinese Ministry of Industry and Information Technology (MIIT) has issued a stern warning against the rampant proliferation of counterfeit digital yuan applications. These fraudulent platforms, camouflaged as bona fide…