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FTX Investor Temasek Bets $10 Million On New Scalable Algorithmic Currency – Here’s How It Works
2.5.2023
Temasek, a Singapore government-owned firm, is doubling down on its crypto investment strategy with a $10 million injection into Array, a new scalable algorithmic currency that utilizes artificial intelligence and smart contracts.
Despite suffering significant losses through its exposure to...
FTX investor Temasek pours $10M in algorithmic currency system Array
1.5.2023
The new algorithmic currency system aims to provide a more “stable, efficient, and scalable” asset than common coins like Bitcoin
US Banking Industry Still Struggling as First Republic Bank Shares Plummet by Over 30%
26.4.2023
In the midst of a tumultuous week, First Republic Bank is struggling to regain its footing in the financial world. Reports have surfaced that the bank is poised to enter government receivership due to a massive outflow of $100 billion in customer withdrawals last month. This has prompted investors...
Sparklo enjoys investor support in presale, Polygon and Polkadot fight bearish pressure
26.4.2023
According to CoinMarketCap, the global crypto market has dipped by 0.79%, with major cryptocurrencies such as Bitcoin and Ethereum trading in the red region. Meanwhile, altcoins such as Polygon (MATIC) and Polkadot (DOT) are currently witnessing price fluctuations. However, investors are turning...
DRW Denies Investing in OPNX, Distancing Itself From 3AC Founders’ Bankruptcy Claims Exchange
21.4.2023
OPNX had included DRW in list of "major investors" in a tweet earlier Friday
Dollar Dominance Fading Amid Growing China Trade, Russia Sanctions Risks, Ray Dalio Says
21.4.2023
Fewer nations are willing to hold the U.S. dollar as America’s share in the global economy becomes smaller while China’s role in international trade expands, billionaire Ray Dalio noted. The founder of the world’s largest hedge fund also said that Western sanctions on Russia have highlighted...
Musk to Launch ‘Truthgpt,’ Says Microsoft-Backed Chatbot Is Trained to Lie
19.4.2023
Tech investor Elon Musk intends to develop an artificial intelligence (AI) platform that will be “truth-seeking” and safe for mankind. Admitting he is starting late, the billionaire nevertheless vowed to try to present a “third option” that will challenge the products of giants Microsoft...
NBA Hall of Famer Shaq Served in FTX Investor Suit
18.4.2023
A law firm representing FTX investors has served former NBA star Shaquille O’Neal in a class-action case against celebrities who endorsed the failed crypto exchange. The lawsuit accuses Shaq, along with other public figures and the platform’s founder, of defrauding people who put money into FTX....
Bittrex Receives Wells Notice From SEC for Alleged Investor-Protection Law Violations
17.4.2023
According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations...
Musk Mulls AI Startup to Rival Chatgpt Maker Openai, Report
15.4.2023
Entrepreneur Elon Musk is preparing to launch a startup that will compete with Openai, the creator of Chatgpt, a media report unveiled. According to quoted knowledgeable sources, the owner of Twitter and Tesla is already assembling a team of developers and talking to investors. Elon Musk Reportedly...
Tron Founder Justin Sun, Soulja Boy, and Austin Mahone Summoned by SEC in Crypto Asset Case
14.4.2023
Court documents reveal that Justin Sun, Tron’s founder, has been sent a summons from the U.S. Securities and Exchange Commission (SEC) regarding the civil complaint filed against him last month. Youtuber Austin Mahone and rapper Soulja Boy, whose real name is DeAndre Cortez Way, have also...
Digital Asset Firm HashKey Announces Wealth Management Service Launch Amid High Investor Demand – Bull Market Confirmed?
14.4.2023
Hong Kong-based digital asset firm HashKey Group has enhanced its Over-the-Counter (OTC) trading business and launched a new wealth management business line amid increasing investor demand.
In a Friday blog post, the company unveiled HashKey Wealth, a new wealth management platform geared toward...
Bored Ape Yacht Club Floor Price Slides to Five-Month Low as Prominent Investor Dumps Holdings
13.4.2023
The floor price of the Bored Ape Yacht Club (BAYC) collection has slumped to a five-month low of 55.59 ether (ETH), according to Cryptowatch data
Balaji Srinivasan: ‘Giant Robot’ of Crypto-Friendly States Needed to Battle ‘Giant Monster’ of US Gov., Explains Why He Made Bitcoin Bet
13.4.2023
Tech entrepreneur, angel investor, and author of The Network State, Balaji Srinivasan, says a proverbial “giant robot” of supportive governing bodies and crypto proponents is needed to do battle with the “giant monster” of the U.S. federal government. The former CTO...
Large Bitcoin Investor Sent $330M of BTC to Exchange Before Price Dropped Below $30K: Blockchain Data
12.4.2023
The bitcoin ‘whale’ was the 14th largest bitcoin holder until mid-March, controlling $1.2 billion in BTC, according to BitInfoCharts
Nigerian Forex Inflows: ‘Ambiguous Foreign Exchange Regime’ Blamed After Inflows Dropped to $5.32 Billion in 2022
12.4.2023
Between 2019 and 2022, the value of foreign capital that flowed into Nigeria dropped from $23.9 billion to $5.32 billion. The drop has been attributed to low investor confidence, the high cost of doing business, as well as the country’s high inflation rate. Nigeria will “struggle...
Committee Advises SEC to ‘Aggressively Assert Authority’ Over Crypto — Says Virtually All Crypto Tokens Are Securities
11.4.2023
The U.S. Securities and Exchange Commission’s Investor Advisory Committee has advised the SEC to “aggressively” assert authority over crypto assets that are securities. The advisory committee believes that “virtually all, if not all, crypto tokens are securities,”...
LABEL Foundation Secures 7 Digit Investment From DWF Labs
10.4.2023
PRESS RELEASE. As per the latest news, LABEL Foundation, a Korean-based organization dedicated to revolutionizing the music industry through the power of blockchain technology, has secured a major investment in the venture round funding from DWF Labs, the multi-stage Web 3.0 investment firm....
Robinhood Faces $10.2M Penalty From Multiple U.S. States Over Technical Failures, Investor Harm
7.4.2023
The settlement follows an investigation into Robinhood platform outages in March 2020 spearheaded by a regulators in seven states including California and Alabama
Ethereum's Shanghai Upgrade Will Help Layer 2 Networks, Crypto Investor Says
6.4.2023
Max Williams, chief operating officer at Runa Digital Assets, says secondary blockchains are “already trending well” and the upgrade will spur more activity