Day: April 27, 2023

Amazon to Trim Its Workforce after Axing Halo Fitness Wearables

The company said users will be able to delete their health data if they want to and they will also be able to save scanned images to their respective phone’s camera roll. American multinational technology giant and the world’s biggest e-commerce outlet Amazon.com Inc (NASDAQ: AMZN) has announced it will stop manufacturing and supporting its Halo Fitness wearables products by the end of July and will be trimming its workforce. According to an update from the firm, the cut in support for this product line will cost some of its…

$4M stolen through crypto phishing URLs

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Data from Google Ads coupled with blockchain analytics reveals that over $4 million has been stolen from users that have fallen for malicious phishing websites promoted on Google. According to Web3 anti-scam service provider ScamSniffer, malicious adverts for phishing websites have been prevalent on Google ads searches in recent weeks. The URLs lead to fraudulent websites that prompt wallet login signature requests that compromise users’ addresses. 1/ A recent surge in phishing scams via Google search ads has led to users losing approximately $4 million.ScamSniffer has investigated multiple cases where…

‘I don’t have anywhere near as much’

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Changpeng “CZ” Zhao, CEO of major cryptocurrency exchange Binance, claims to hold a way less net worth than reported by some mainstream media. Binance CEO took to Twitter on April 27 to tell its followers that Bloomberg’s latest finance rich list has some inaccurate information regarding his wealth. According to Bloomberg’s rich list, CZ is supposed to be ranked in the top three finance billionaires worldwide, holding a net worth estimated at $28.2 billion. “Numbers all wrong. I don’t have anywhere near as much. Don’t know why they do this,”…

Lens Protocol Introduces Bonsai, Blockchain-scaling Solution

Since Bonsai is an L3 network, it will not add stress to the data in a way that L2 does. The developers of Lens Protocol have launched a beta version of Bonsai, a blockchain scaling solution, as it prepares itself to endure larger numbers of transactions for users of Lens-based decentralized applications. Aave Companies, the development organization behind Lens Protocol revealed that Bonsai was particularly designed to ease out to scaling of decentralized social media applications and allow the processing of several transactions with reduced associated rates. The announcement also…

Bitcoin price retargets $29K after Mt. Gox panic liquidates $320M

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Bitcoin (BTC) returned to a familiar range on April 27 as panic over alleged Mt. Gox and United States government transactions faded. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Rough” price action keeps Bitcoin traders cautious Data from Cointelegraph Markets Pro and TradingView showed BTC/USD traded near $29,000 on Bitstamp, up nearly $2,000 from the prior day’s low. Snap volatility had kicked in following the Wall Street open as bulls’ trip to $30,000 was rudely interrupted by fears that BTC from wallets controlled by the U.S. government and entities related…

Raiffeisen Bank Unit and Bitpanda Partner to Offer Digital Asset Investment to Banking Customers

The partners assured customers they could reach their financial ambitions starting with as little as €1. A unit of Raiffeisen Bank in Vienna has partnered with crypto company Bitpanda to offer cryptocurrencies to banking customers. As the Vienna-based unit of Raiffeisen Bank and Bitpanda came together to provide crypto to the lender’s customers, the partners signed a letter of intent to corporate. According to a statement by the lender, the evaluation of the offer should be completed by year-end. Ein wichtiger Schritt für die Krypto-Adoption in der EU: Raiffeisenlandesbank hat…

Recursive Introduces Omni Network via Eigen Layer to Enable Scalable and Interoperable DeFi on Various Rollups

The Omni network aims to enable use cases including cross-rollup stablecoins and other DeFi primitives that can aggregate liquidity from different Layer 2 rollups. Blockchain development firm Recursive introduced the Omni Network, a cross-rollup protocol built on the Ethereum restaking project Eigen Layer. The Omni network aims to be the first generalized cross-rollup infrastructure protocol tapping on Ethereum’s vast security infrastructure. Notably, the Omni network facilitates communication between Layer Two rollups while deriving security from the Ethereum mainnet. Recursive and Omni Network Recursive, previously called Ruft, raised about $18 million…

Meta Q1 2023 Results Sees Company Beat Revenue Estimates in What Zuckerberg Describes as ‘Good Quarter’

Meta’s Q1 2023 performance underscores its commitment to cutting costs and maximizing earnings in its “year of efficiency”. Meta Platforms (META: NASDAQ) recently reported its Q1 2023 earnings, showing an unexpected revenue increase for the first time in four quarters. The tech giant’s shares jumped 12% following the report, which turned out better than expected. For the first quarter of the year, Meta raked in revenue of $28.65 billion versus the $27.65 expected by analysts. The California-based social media company also realized earnings per share (EPS) of $2.20 for the same period…

Hong Kong to Release Crypto Exchange Licensing Guidelines on May

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The Hong Kong Securities Futures Commission (SFC) is expected to be publishing licencing requirements for cryptocurrency exchanges in May. The proposals were revealed on April 27 by Bloomberg, who quoted remarks made on Thursday by Julia Leung, the chief executive of the SFC. According to Bloomberg, Leung claimed that over 150 interested parties responded to the licencing regime’s consultation process. Leung was likely responding to a report from February 20 that highlighted regulatory obligations for Know Your Client (KYC) and Anti-Money Laundering (AML). The upcoming regulations will assist cryptocurrency trading platforms that,…