The Winklevoss twins, renowned for their role in founding Gemini, a prominent U.S.-based cryptocurrency exchange, have voiced sharp criticism against the U.S. Securities and Exchange Commission (SEC) for what they perceive as an adversarial stance toward the crypto industry. In a recent interview, Tyler and Cameron Winklevoss likened the regulatory climate in the U.S. to…
President Luiz Inácio Lula da Silva of Brazil has announced his plan to champion the cause of de-dollarization at the forthcoming BRICS meeting. Lula emphasized the need for Brazil and its partners to conduct trade in their respective national currencies rather than relying on the U.S. dollar. His remarks underscore Brazil’s commitment to promoting financial…
In a significant legal development, FTX has initiated legal proceedings aimed at reclaiming $700 million from K5 Global Technology, its subsidiaries, and the company’s founders. Allegations of fund misappropriation and an influence-building scheme form the core of the lawsuit filed with the U.S. Bankruptcy Court for the District of Delaware. FTX’s Legal Battle: Seeking Restitution…
As the price of bitcoin experiences a notable surge of over 15% against the U.S. dollar, interest in its market performance intensifies. Bitcoin.com News recently engaged six AI-powered chatbots in an intriguing exercise: predicting the potential price range of bitcoin by December 31, 2023. Amidst a volatile macroeconomic landscape, these AI entities offered diverse insights…
A recent survey conducted by Redfield & Wilton Strategies for Newsweek reveals a growing apprehension among Americans regarding their ability to manage credit card debt in the midst of escalating inflation. With the U.S. Federal Reserve reporting record-high levels of credit card balances, it’s evident that consumers are increasingly reliant on credit to cope with…
The once-dominant Bored Ape Yacht Club (BAYC), a prominent collection of non-fungible tokens (NFTs), has recently encountered a decline in its market dominance. Over the past 90 days, the minimum value of BAYC NFTs has experienced a significant decrease, dropping from 64 ETH to just above 37 ETH. Moreover, the floor value of the Cryptopunks…
Bitcoin experienced a notable surge to kick off the weekend, with its value surpassing $31,000 late on Friday night. Despite starting the month on a downward trend, prices have rebounded strongly over the past week, marking a gain of up to 15%. Concurrently, Ethereum briefly breached the $1,900 threshold. Bitcoin’s Ascendancy Bitcoin (BTC) witnessed a…
Australian authorities have taken action against two individuals allegedly involved in a cryptocurrency scam that resulted in the defrauding of two companies to the tune of $5.5 million. In a significant move, law enforcement agencies have seized luxury vehicles valued at $2.7 million, including a high-end Ferrari worth $600,000. Seizure of Ferrari and Other Assets…
Cybersecurity experts have uncovered a significant number of compromised ChatGPT accounts, totaling over 100,000, on darknet markets. These compromised accounts have been identified as storing ChatGPT credentials infected with info-stealing malware, which are now being sold illicitly on the dark web. Notably, the Asia-Pacific region leads in the number of such compromised accounts being offered…
Venezuela has declared its intention to integrate Mir, a Russian electronic payment system, into its financial infrastructure. President Nicolas Maduro has endorsed this move, framing it as a key component of the nation’s ongoing de-dollarization efforts. Over 40,000 payment terminals are currently being adapted to accommodate Mir-compatible cards. Venezuela Embraces Russia’s Mir Payments System The…