Disney’s venture into the metaverse has met a sudden halt, with reports indicating that the entertainment behemoth has closed down its entire metaverse division. In an effort to optimize its operations and reduce expenses, the company is cutting 7,000 jobs,…
SafeMoon’s Liquidity Pool Breach of 8.9 million: A Comprehensive Analysis
SafeMoon, a prominent cryptocurrency project, has recently experienced a security breach in its liquidity pool. This article delves into the specifics of the incident, its implications for the project, and the measures taken to rectify the situation. Overview of the…
SEC Chair Gary Gensler to testify before congress over crypto regulation – Unprecedented Congressional Oversight Looms
Recently, US authorities have intensified their actions against the domestic cryptocurrency industry, making Operation Choke Point 2.0 more evident than ever. The US Securities and Exchange Commission (SEC) has been central to this campaign, as it issued a Wells Notice…
China’s State-Owned Banks Offer Support to Hong Kong’s Crypto Industry
Banking Hurdles for Crypto Firms Banking for crypto businesses has been difficult due to the anonymous nature of digital assets, which raises red flags for traditional banks that prioritize know-your-client (KYC) procedures. It typically takes three months for crypto-focused companies…
Bank of Japan Revolutionizes Secure Digital Payments with CBDC Readiness
Bank of Japan Emphasizes CBDC Readiness for Safe Digital Payment System Accessibility The Bank of Japan (BoJ) has highlighted the need to ensure that its Central Bank Digital Currency (CBDC) is prepared to provide a secure digital payment system to…
Crypto as an Excellent Hedge, Debunking the Presidential Report
In March 2023, an annual report prepared by the Council of Economic Advisers was submitted to the United States Congress. The Economic Report of the President provides an overview of the nation’s economic progress during the previous year and the…
Ex-Manager of Shakira – Gerard Piqué’s loses $600 Million in a Scandal and Adapting to a Humble Lifestyle
In a dramatic turn of events, soccer star Gerard Piqué has found himself entangled in a massive cryptocurrency scandal, resulting in a jaw-dropping loss of $600 million. This article examines the details of the unfortunate incident, how it has affected…
Binance Addresses Senators’ Concerns (includes Senator Warren) and Clarifies Misconceptions
In a recent response to a letter dated March 1, 2023, from Senators Warren, Van Hollen, and Marshall, Binance addressed concerns and misconceptions regarding its regulatory compliance and transparency . The letter provided a detailed background on Binance and its…
The Challenges Faced by Crypto as Banks Withdraw Support
Crypto firms struggle to find banking services in the UK amid increasing regulations and risk aversion Declining Support from Banks The collapse of several crypto-friendly American banks has diminished the industry’s access to the traditional financial system, sparking concerns that…
Gavin Woods’s perspective on Polkadot and the state of digital currencies
Born in April of 1980, Gavin Woods is a renowned British computer scientist famous for his contributions in the development of the blockchain ecosystem. He is the co-founder as well as the former Chief Technical Officer of Ethereum having managed…
High Stakes Trial of Avi Eisenberg Involves Alleged 110 Million Dollar Theft from Mango Markets Crypto Exchange
In the high-stakes trial of Avi Eisenberg, a 28-year-old trader, federal jurors in New York…
Bitcoin’s Long-Term Investors Now Possess More Than 76% of All BTC for the First Time. Details below
In the ever-fluctuating world of cryptocurrencies, Bitcoin, affectionately known as BTC, is currently undergoing a…
