Day: May 20, 2023

Investors can consider Tradecurve, AiDoge, and Uwerx tokens in 2023

As the crypto market continues to evolve and expand, potential investors are constantly looking for the next promising project. Due to the recent market upswing, 2023’s crowdfunding landscape is shaping to be one of the most exciting yet. Among worthy projects investors can consider are: Aidoge, Uwerx, and Tradecurve.  >>Register for the Tradecurve presale<< AiDoge: a meme generation platform In the ever-changing world of the internet, the importance and influence of memes cannot be overstated. AiDoge intends to revolutionize this space with its advanced artificial intelligence (AI)-driven meme generation platform,…

Instagram to reportedly launch text-based app to rival Twitter

boss

In a secret meeting with select creators, Instagram’s parent company, Meta, reportedly revealed its plan to launch a text-based conversation app. The leaked screenshots of the alleged upcoming app show a user interface similar to Twitter. Instagram’s plan to rival Twitter was uncovered by Lia Haberman, an influencer marketing and social media marketing teacher at the University of California, Los Angeles Extension. According to Haberman, although the text-based app is built on top of Instagram, it is decentralized and will function as a separate app. The app will also be…

‘Big Short’ author Michael Lewis almost ready to publish book on SBF

boss

Michael Lewis, the bestselling author of The Big Short and Moneyball, has revealed that he has almost finished writing his book on Sam Bankman-Fried (SBF) and the collapse of the FTX crypto exchange. The upcoming book is titled Going Infinite: the Rise and Fall of a New Tycoon, and Lewis initially stumbled on to the subject of Bankman-Fried in late 2021, after a friend had asked him to meet the FTX founder and get a read on him. Speaking at the 2023 Bitcoin Conference in Miami on May 19, Lewis…

Ledger co-founder clarifies “there is no backdoor” in Recover firmware update

boss

The launch of Ledger Recover, a service that allows users of the Ledger hardware wallet to back up their secret recovery phrases, met with immense resistance from the crypto community. Ledger co-founder and ex-CEO Éric Larchevêque took the criticism against Ledger as “a total PR failure, but absolutely not a technical one.” Ledger Recover is an OTA firmware update, which would allow users to back up their seed phrases by third-party entities. If a user chooses to opt-in to the new service, the recovery phrase fragments get encrypted and are…

Shiba Inu unveils pre-orders for its cold wallet      

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The official Shiba Inu Twitter account has announced that pre-orders for the SHIB-themed wallet would begin on May 29. This is the latest development on the newly unveiled Shiba Inu cold wallet. The SHIB cold wallet is anticipated to surge widespread interest in the Shiba Inu network as customers will be allowed to pre-order 2,000 wallets.  The wallet, developed with the Swiss firm Tangem, can handle over 6,000 coins that users may purchase, save funds, and send and…

Borderless Capital, Polygon Ventures, and others launch $50m cross-chain interoperability initiative

Top blockchain teams and venture funds, including Algorand Foundation, Arrington Capital, and others, have come together to establish a $50 million cross-chain ecosystem fund. Managed by Borderless Capital, the fund is aimed at supporting and nurturing startups leveraging the Wormhole cross-chain messaging protocol. This collaboration of leading crypto teams and institutional investors seeks to drive cross-chain innovations and propel the growth of the web3 industry. Forging alliances for web3 innovation  According to a press release, over twenty influential blockchain teams and venture funds, including Polygon Ventures, Solana Foundation, and others,…

SEC requests pause on ETH futures ETFs

Grayscale Investments and Bitwise Asset Management have reportedly suspended their plans for ETH futures ETFs following apparent concerns raised by the U.S. Securities and Exchange Commission (SEC) over the liquidity of ETH futures, and their classification as a security or a commodity. Crypto asset managers Grayscale Investments and Bitwise Asset Management have reportedly put a pause on their plans to launch ETH futures exchange-traded funds (ETFs), allegedly at the behest of the U.S. Securities and Exchange Commission (SEC), according to sources familiar with the matter. The concerns cited surround the…

Strike moves global headquarters to El Salvador, expands to 65 countries

boss

Strike, a Chicago-based Bitcoin (BTC) payment provider, expanded its services to 65 countries in parallel to relocating its global headquarters to El Salvador. Before its expansion, the mobile app was operational only in the United States, El Salvador and Argentina. According to Jack Mallers, the CEO and founder of Zap, Strike’s parent company, the expansion drive aims to counter the “clouded world of crypto exchanges and hidden, unregistered licensing regimes and 1,000 different coins.” Speaking to Fortune, Mallers revealed that the move to relocate its headquarters to El Salvador was…

Bit Digital turns to Iceland as a tax haven for crypto

In response to the Biden administration’s proposed crypto mining tax, Bit Digital has strategically moved a significant portion of its mining machines to Iceland and Canada while keeping the majority within the United States. The company’s decision to establish a presence in Iceland reflects its proactive approach to navigating the potential impact of the proposed tax legislation on its operations. Moving beyond the United States Bit Digital, under the leadership of CEO Samir Tabar, has made a noteworthy investment of $5 million to secure 2,500 bitcoin mining machines, as reported…

$3M worth of customer funds swiped via alleged Swaprum DEX rug pull

boss

Arbitrum-based decentralized exchange (DEX) Swaprum has allegedly conducted a rug-pull on its users, with $3 million worth of customer deposits being swiped from the platform. A rug-pull or exit scam occurs when a seemingly legitimate project ropes in a certain amount of investment or user deposits before promptly shutting everything down, pulling the capital and vanishing off into the distance — if they don’t adequately cover their tracks, of course. According to May 19 tweet from the alerts-focused account of blockchain security firm Peck Shield, the bad actors swiped 1,628…