Day: February 1, 2023

New FTX documentary to spotlight SBF-CZ relationship

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The FTX saga and the developments that led to the crypto exchange’s collapse will be framed in a new documentary focusing on the volatile relationship between Sam Bankman-Fried and one of his fiercest critics, Binance founder Changpeng Zhao. According to The Hollywood Reporter, the production is a partnership between media outlet Fortune and Unrealistic Ideas, a non-scripted production company co-founded by American actor Mark Wahlberg, Stephen Levinson and Archie Gips. “The tumultuous relationship between SBF and CZ has played out to a certain extent in articles and on Twitter, but…

NFT Collection Cool Cats Rebrands to Expand its Reach Beyond Web3

“Whether you’re using our PFPs or you’re attending one of our events, or you’re wearing merch, that is the emotional feeling that we want to enable for everyone in our community,” Jaclyn Woo, director of marketing and strategy at Cool Cats, told CoinDesk. “It’s an acknowledgement to our community and our Web3 roots, our communities, the core reason why we’re here today, and as we grow and we evolve, we want to continue crafting stories and building products.” Source

Bitcoin bulls plan to flip $23K to support by aiming to win this week’s $1B options expiry

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Bitcoin’s (BTC) price has been trading above $22,500 for 12 days. Of course, this situation can change even if Federal Reserve chair Jerome Powell issues positive statements about the economy in today’s post-FOMC presser.  Even if the decision matches the market consensus, the post-meeting statement should be investors’ primary area of focus. Specific areas to focus on would be clues for the next meeting in March. Troubling news for the largest stablecoin Tether (USDT), could also cause a meaningful impact after a Celsius bankruptcy examiner report showed that “Tether’s exposure…

Facebook Parent Meta’s Metaverse Division Lost $13.7B in 2022

For the company as a whole, Meta reported adjusted quarterly earnings per share for the fourth quarter of $1.76, missing the analyst consensus estimate of $2.26, according to FactSet, while Meta’s overall revenue of $32.2 billion beat estimates of $31.6 billion. It guided for Q1 revenue between $26 billion to $28.5 billion, which at its midpoint of $27.25 billion was slightly ahead of the consensus estimate of $27.2 billion. Facebook’s daily active users also hit 2 billion for the first time in the quarter. Source

Crypto Exchange Coinbase Adds New Wallet Security Feature To Protect Against Phishing and Scams

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US-based cryptocurrency platform Coinbase is enhancing the safety of Coinbase Wallet as threats to users increase. The crypto exchange says it has added features to its wallet to help protect its users against scams such as phishing attacks and malicious airdrops. According to the crypto exchange, the Coinbase Wallet will now offer more clarity to users when they are interacting with smart contracts or decentralized applications (DApps) to ensure they are well aware of every action they take, from coin swaps to non-fungible token (NFT) minting. “Transaction previews: To give…

Federal Reserve Raises Benchmark Interest Rate by 0.25%, Disinflationary Process ‘Early,’ Says Powell  – Economics Bitcoin News

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The U.S. Federal Reserve raised its benchmark federal funds rate by 0.25% on Wednesday after markets priced in near 100% certainty the Federal Open Market Committee (FOMC) would codify the quarter-point increase. The FOMC statement further detailed that ongoing rate increases are anticipated to bring inflation down to the target range of 2%. FOMC Outlines Expectations for Future Rate Hikes The central bank of the United States raised the federal funds rate on Wednesday, increasing it by 0.25% to the current range of 4.5% to 4.75%. The FOMC detailed in…