Day: April 1, 2023

OKX using AI to monitor market volatility

OKX has implemented an advanced artificial intelligence (AI) system to actively monitor and manage market volatility. OKX, a prominent cryptocurrency exchange, has introduced an innovative artificial intelligence (AI) system from EndoTech.io to monitor and manage market volatility. The technology aims to enhance the user experience by mitigating the effects of extreme price fluctuations, a common challenge in the crypto trading sphere. The AI system’s deployment is part of OKX’s ongoing commitment to offering cutting-edge services to its users. It works by analyzing market data in real-time, detecting irregular trading patterns,…

South Korean Court Denies Arrest Warrant for Terraform Co-Founder Daniel Shin – Bitcoin News

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A court in South Korea has again denied the arrest warrant for Daniel Shin, a co-founder of Terraform Labs who is being investigated for fraud. Shin has been accused of illegally profiting from the sale of over $100 million worth of the luna cryptocurrency before it collapsed. Seoul Court Leaves Terraform Co-Founder at Large Citing Low Flight Risk The Seoul Southern District Court has rejected a request by the Prosecutor’s Office for the pre-trial detention of Shin Hyun-seung, a co-founder of the failed blockchain firm Terraform Labs also known as…

Justin Sun announces end of ambassadorial role for Grenada

Tron founder Justin Sun just announced on Twitter the conclusion of his ambassadorial term for Grenada on March 31.  Justin Sun resigned from Tron to fill the Grenada ambassador position to the World Trade Organization (WTO). Recent reports indicate that Justin Sun may no longer work as Grenada’s ambassador.  Sun no longer Grenada’s ambassador Sun tweeted that his tenure as the aforementioned ambassador ends on March 31. He announced his future professional ambitions declaring his intention to rejoin the crypto space. However, Sun will first delegate his ambassadorial responsibilities to…

El Salvador removes all taxes related to tech innovation for economic growth

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El Salvador, the first country to establish Bitcoin (BTC) as a legal tender, made another historic decision to eliminate all taxes on technology innovations. The move runs parallel to the establishment of the National Bitcoin Office (ONBTC) of El Salvador, a.k.a. the Bitcoin office. When legalizing Bitcoin on Sept. 7, 2021, El Salvador President Nayib Bukele saw the technology as a means to counter the hyperinflation and dependence on the US dollar. Over the past 18 months, El Salvador restrategized Bitcoin investments and utilized capital gains in numerous instances to…

Elon Musk requests dismissal of $258B Dogecoin lawsuit: Report

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Elon Musk and his lawyers reportedly requested a United States judge to dismiss the $258 billion lawsuit filed by investors who alleged that he operated a pyramid scheme to promote the cryptocurrency Dogecoin (DOGE). According to an April 1 Reuters report, Elon Musk’s lawyers referred to the lawsuit filed by Dogecoin investors, a “fanciful work of fiction,” in Manhattan’s federal court on March 31. It was reported that Musk’s lawyers referred to his Dogecoin statements as “innocuous and often silly tweets,” in an effort to convince the judge to “throw…

Disney Reportedly Axing Metaverse Division Amidst Company Restructuring – Metaverse Bitcoin News

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The metaverse division of Disney has apparently fallen victim to the latest round of layoffs announced by the company. Per reports from the Wall Street Journal citing people “familiar with the situation,” the whole next-generation storytelling and consumer-experience unit, comprised of 50 people, has been axed — this being part of the 7,000 layoffs the company is executing as a cost-cutting measure. Disney’s Metaverse Division Is No More, According to Reports Disney, the well-known entertainment behemoth, seems to have lost interest in the metaverse. According to reports coming from the…

Terra’s branding at MLB opener draws attention from spectators

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As baseball enthusiasts flocked to Nationals Park in Washington D.C for the Major League Baseball (MLB) opening day, the noticeable presence of Terra (LUNA) – the crypto ecosystem that collapsed in May 2022 – didn’t go unnoticed by attendees. A Twitter user who attended The Washington Nationals’ home opener against the Atlanta Braves on March 30, shared an image of Terra being prominently displayed on a banner with the slogan “a decentralized economy needs decentralized money.” “Sounds like a solid company. Will check out” the user commented on the prominent…

Matt Damon Shares Story Behind His Crypto Commercial – Featured Bitcoin News

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Famous Hollywood actor Matt Damon has revealed the story of how he became involved in creating a cryptocurrency commercial called “Fortune Favors the Brave” with Crypto.com. After the release of the crypto ad, Damon faced global criticism for his involvement in it. Matt Damon Talks About His Crypto Commercial Famous actor and producer Matt Damon shared how he became involved in creating a cryptocurrency advertisement with crypto exchange platform Crypto.com in an interview with the Associated Press on Wednesday. The Oscar-winning actor is known for his roles in movies such…

Ripple CEO Slams SEC Chair Gensler for Dictating Which Crypto Tokens Are Securities – Regulation Bitcoin News

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Ripple CEO Brad Garlinghouse has slammed Securities and Exchange Commission (SEC) Chairman Gary Gensler for claiming that he has the authority to determine which crypto tokens are securities, rather than relying on the legislation that governs his agency’s power. “It’s time for elected officials in the U.S. to take notice,” the Ripple executive stressed. Ripple’s CEO Slams SEC Chair Gensler Over What’s a Security The CEO of Ripple Labs, Brad Garlinghouse, has criticized the chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, for dictating which crypto tokens…