The crypto storage provider has rolled out a new service designed to protect clients’ digital assets from insolvency of crypto exchanges. Source
Zodia Custody Introduces Service to Protect Against Crypto Exchange Insolvency
Day: December 7, 2022
Apple Pushes Self-Driving Car Plans Back Year to 2026, Claims Required Technology Is Not Available
Apple has altered the launch date, price, and functionality of its planned self-driving car due to unavailable technology. According to reports, Apple (NASDAQ: AAPL) is delaying the debut of its much-anticipated self-driving car until 2026. The tech powerhouse’s executives opine that the current technology does not adequately support Apple’s vision for a fully autonomous automobile. Assessment of Apple Self-Driving Car Project So Far Apple has been very vocal about its self-driving car agenda for a while now. The consumer electronics heavyweight plans to use this autonomous car initiative, called Titan, to break into the…
Founders of Bankrupt Crypto Hedge Fund Three Arrows Capital Subpoenaed in US
“The Foreign Representatives and their agents are authorized to serve subpoenas for the production of documents and testimony upon the Founders, the Investment Managers and anyone else that might have information about Three Arrows’ affairs,” bankruptcy judge Martin Glenn in a court document published on Tuesday. Source
Upswing Of VIX Signals Doom For Bitcoin; Friday Will Be Crucial
As NewsBTC reported, the VIX experienced a trend reversal last Friday which could be significant for Bitcoin as well. The VIX volatility index shows traders the expected range of fluctuation of the S&P 500. Remarkably, there is an inverse correlation between the VIX index and the S&P 500. A rising VIX index usually means falling prices for the S&P 500, and vice versa. Rising VIX Threatens Bitcoin Bulls The VIX dropped below the level of 19 on Friday, a mark that has been highly significant over the last year. In…
Iran to Freeze Bank Accounts of Women Who Do Not Wear Hijab
As the Iranian government finds newer ways to impose restrictions on its people, the solidarity of the Iranian community is also worth talking about. Stories of brutal regimes unabashedly oppressing their people and consequently falling flat on their faces have existed throughout history. Seems like Iran is slowly inching toward its doom, but before that practically happens, it plans to make things dirtier and go down miserably, and be hated internationally. As if murdering Iranian teenagers wasn’t enough, the regime is now making efforts to close protesting women’s bank accounts.…
Crypto Stocks Plummet but Cast Not Bearish Turn on Digital Assets
The digital currency ecosystem has recorded so many mishaps this year that it is now practically impossible for investors not to maintain a skeptical view of stocks across the board. The top crypto stocks are buckling under the weight of bear pressure today as the trend left a somewhat opposite reaction on the price of digital currencies. The shares of American cryptocurrency trading platform Coinbase Global Inc (NASDAQ: COIN) closed Tuesday’s trading session down 7.80% to $42.41. In today’s Pre-Market, the shares have slipped by another 1.39% to $41.82. The…
DeFi Project Mercurial Plots Revamp and New Tokens Following ‘Toxic’ Association With FTX
“In summary, the only liquid tokens in the market came from Alameda Market Making (3%), IEO/IDO participants (0.3%), private investors (1.6%) and the liquidity mining rewards for our stable pools,” the team stated. This created constant sell-side liquidity for MER tokens on the open market, which is now deemed detrimental given the troubles at Alameda and FTX. Source AssociationDeFiFTXMercurialPlotsProjectRevampTokensToxic CryptoX Portal
Nike’s RTFKT Announces Plans for Web 3.0 Sneakers
The Cryptokicks iRL would have gesture controls, walk detection, and wireless charging features. Digital collectibles firm RTFKT has unveiled its web 3.0 sneakers. The web 3.0 company collaborated with its parent company Nike to launch a futuristic footwear line Cryptokicks. So far, the company has named two new brands, the Cryptokicks Dunk Genesis and the Cryptokicks iRL. However, it is the Cryptokicks iRL that is causing all the buzz in the NFT community. While speaking during The Gateway panel, RTFKT co-founders Steven Vasilev and Chris Le noted the sneakers would…
Digital Entertainment Firm Animoca Brands Acquires Majority Stake in Pixelynx
Animoca wants to be at the forefront of the fusion of Web 3.0 technologies in the music industry. In a daring move into the music Metaverse, blockchain gaming firm Animoca Brands has acquired a majority stake in the L.A.-based music metaverse gaming platform Pixelynx. According to the official announcement, Animoca Brands will carry on with such acquisitions as it looks to integrate the music industry with Web 3.0 technologies. As of publication, however, the financial terms of the acquisition remain undisclosed. Animoca to Maximize the Potential of the Music Industry…
Japan recommends against algorithmic backing in stablecoins
After passing its landmark legislation on stablecoins in June, Japanese regulators are considering complementing it by restricting the algorithmic backing of stablecoins. The intention comes as a recommendation from the Financial Service Agency (FSA) and was repeated by the country’s Vice Minister for International Affairs, Tomoko Amaya. During his speech on crypto assets at a roundtable hosted by the Official Monetary and Financial Institutions Forum (OMFIF), Amaya laid out Japan’s regulatory framework, emphasizing the factors of financial stability, user protection, and anti-money laundering/ combating the financing of terrorism (AML/CFT). The…