Month: May 2023

Stablecoins’ future becomes uncertain amid crypto slump

For the 14th consecutive month, the total market cap of stablecoins continues to shrink, standing at a modest $130 billion in May – a startlingly low point unseen since September 2021. But, as their numbers dwindle, the crypto market faces a potential headwind. Financial giants such as JPMorgan and Goldman Sachs have voiced concerns that a sustained recovery in cryptocurrency prices may not materialize until the stablecoin market stabilizes. This shrinkage is seen as a sort of ‘quantitative tightening’ for the crypto market, indicating declining liquidity and leverage. In this…

InQubeta presale gaining traction among bitcoin and cardano fans

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Following recent price swings, enthusiasts have been bullish, exploring and seeking to invest in some of the top cryptocurrency projects. One of them is InQubeta (QUBE).  InQubeta is a platform for users to invest in artificial intelligence (AI) startups, and its presale is currently successful. Its native token, QUBE, is being analyzed and considered by crypto enthusiasts, particularly those interested in top cryptocurrencies like bitcoin (BTC) and cardano (ADA). The increasing number of people in the InQubeta…

‘You have every right to do bitcoin,’ DeSantis says

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Florida’s pro-bitcoin (BTC) governor Ron DeSantis talked about the people’s rights to use cryptocurrencies in a Twitter space with other venture capitalists and billionaire Elon Musk. He said the current regime doesn’t want bitcoin because they cannot control it. “They’re central planners and they wanna have control over society, and so bitcoin represents a threat to them.” Ron DeSantis, Florida’s pro-bitcoin governor DeSantis noted that the current regime is trying to “regulate it out of existence.”…

Meta Begins Another Round of Layoffs that Would Impact 6,000 More Employees

Facebook parent Meta has embarked on another round of layoffs that could affect thousands more amid the company’s ‘Year of Efficiency.’  Meta Platforms (NASDAQ: META) is conducting yet another round of layoffs for the third time in less than three months. The Facebook parent has already cut more than 20,000 jobs since November, with the recent downsizing potentially impacting another 6,000 people. Meta’s latest layoff action targets the company’s business division after previous headcount reductions focused on engineering and recruitment teams. The company’s latest layoffs also feed into its overarching…

Bitfinex Partners with Chile’s OrionX to Promote Crypto Adoption in Latin America

Within the partnership, Bitfinex and OrionX will collaborate on developing education programs in the crypto sphere for local universities, as well as promote financial freedom and inclusion efforts in Latin America. Digital asset trading platform Bitfinex Securities Ltd has announced a strategic partnership with Chilean crypto exchange OrionX. Within the deal, Bitfinex has invested in OrionX, without disclosing the details. The aim is to expand its presence in Latin America and accelerate the adoption of cryptos in the region. Bitfinex and OrionX Bitfinex CTO Paolo Ardoino commented: “We’re excited to collaborate with…

Web3 Browser Brave Introduces NFT-Gated Video Calls

The NFT-gated video calls will be available to all Brave Talk users having a premium subscription on any browser along with any Web3 wallet. Currently this feature is only compatible with Ethereum-based NFTs. Earlier this week on Tuesday, May 23, the Web3 browser Brave announced leveraging non-fungible tokens (NFTs) for introducing the facility of token-gated video calls into its user experience. The Brave browser will add this new tool to the existing Brave Talk video service and will allow hosts to use NFTs and POAPS in order to manage call…

Gate Group Launches New Virtual Asset Trading Service in Hong Kong to Leverage City’s Crypto-Friendly Disposition

Gate Group has established its presence in Hong Kong by launching Gate.HK, a holistic virtual asset trading facilitator.  Gate Group recently launched a new virtual asset trading platform in Hong Kong to provide top-notch service quality to users. The new Hong Kong service, Gate.HK, opened for registration and trading services on Tuesday, offering a wide range of features. These include virtual asset deposits and withdrawals, and spot trading on Bitcoin (BTC), Ether (ETH), and Litecoin (LTC). With Gate.HK, Gate Group seeks to provide holistic virtual asset trading services that cater to…

NVDA Shares Spike 25% to ATH after Nvidia Reported Better than Expected Q1 Results amid Huge AI Demand

In Q1, Nvidia partnered with ServiceNow, Medtronic, Dell Technologies, and Microsoft’s Azure to build generative AI for its array of products. Nvidia Corporation (NASDAQ: NVDA) shares jumped nearly 25 percent during Wednesday’s extended trading period to trade around $380.65, a new ATH. The American multinational tech company reported its financial results for the first quarter of fiscal year 2024. During the quarter that ended in April, Nvidia posted a total revenue of $7.19 billion versus the $6.52 billion expected by analysts surveyed by REFINITIV. As a result, the company posted…