Day: June 12, 2023

Bitcoin to fight against European challenges — Northern Lightning founder

boss

The Bitcoin (BTC) community in Europe continues to be a voice to combat vexing social problems affecting the continent, according to podcast host Eric Dale. The CEO of Northern Lightning conferences, which hosts a number of Bitcoin events across Europe, believes the continent’s Bitcoin community is fostering ideals that will be crucial to address ongoing conflict situations and social issues. Cointelegraph’s Joe Hall alongside Northern Lightning founder Eric Dale at BTC Prague. Speaking to Cointelegraph journalist Joe Hall during BTC Prague in Czech Republic, Dale highlighted Bitcoin’s unique position to…

Sturdy Finance Hit in Fresh Exploit, Loses Over $800,000

DeFi hacks have gone through the roof in recent times and many will argue that the DeFi ecosystem has proven time and again that it is indeed an exploiter’s paradise. Decentralized finance (DeFi) protocol Sturdy Finance is the latest victim in a long list of DeFi hacks. The Sturdy Finance platform has reportedly lost 442 ETH (worth a little above $800,000 as of publication), to a daring security exploit. Blockchain security firm PeckShield was the first to notice what appeared to be a price manipulation by the attacker before it…

OpenAI CEO Sam Altman Unveils Optimism about Global Coordination on AI

OpenAI CEO Sam Altman expresses his positive outlook on the prospects of global AI coordination, emphasizing the need for collaboration and cooperation among nations. Sam Altman, the CEO of the trendy OpenAI chatbot, ChatGPT, in a series of recent interviews, has shared his optimism regarding the global coordination of artificial intelligence (AI) efforts. Serving as the prominent representative of this innovative startup, supported by the influential Microsoft Corp, the CEO has embarked on a captivating expedition, seizing opportunities to leverage the growing interest in generative AI and shape the regulations…

Electric Carmaker Nio Cuts Down Prices, Delays Plans of Business Expansion

Considering the tight market conditions, Nio has also put its expansion plans on hold for the time being. It has stopped any additional incentive programs such as free battery swaps for new users. In the latest development on Monday, June 12, Chinese electric carmaker Nio announced cutting the prices of its cars by around $4,200 with immediate effect. Furthermore, the company shall also be ending free battery swaps for new buyers. This is quite surprising since back in April 2023, Nio CEO William Li’s claimed that the company won’t be…

‘Anyone can produce value in the Bitcoin ecosystem’

boss

Throughout recent years the world of crypto has been subject to as much scrutiny and volatility as it has innovation and growth.  A big component of the resilience of the industry has been the community that stands in support of the technology and its utility to transform digital finance. One of the most prominent crypto communities in the space is that surrounding Bitcoin (BTC), with millions of users in Reddit groups and conferences across the globe. At the Bitcoin Prague 2023 conference, Wolf Von Lare, CEO of Students for Liberty,…

a16z to Open London Crypto Office 

As one of America’s leading venture capital firms, a16z has invested in many fintech projects both within and outside the region.   Andreessen Horowitz (a16z), a leading venture capital firm, has joined a wave of US-based companies seeking new opportunities outside the shores of the country following the recent crackdown on crypto in the region. In an official press release on June 11, the California-based enterprise said its digital asset investment arm, a16z crypto, will open an international office in London, recognizing the UK’s deep talent pool, leading academic institutions, and entrepreneurial…

Gary Gensler’s War on Crypto in US Will Put Off Young Voters, Cameron Winklevoss Says

While some Democrats have been criticized for their regulatory stance on cryptocurrencies, it is essential to recognize that not all members of the party hold an anti-crypto position. In recent years, the world of crypto has grown in popularity, particularly among the younger population and the US Democratic Party’s stance on crypto regulations in recent times has raised concerns among influential figures in the industry. Cameron Winklevoss, the co-founder of the crypto exchange Gemini, recently took to Twitter to express his worries about the potential alienation of crucial youth voters…

SEC, CPI and a ‘strong rebound’ — 5 things to know in Bitcoin this week

boss

Bitcoin (BTC) starts a “massive” week in a precarious position as key support stays out of reach for bulls. After fresh losses across crypto markets over the weekend, BTC/USD closed the week below $26,000 for the first time in three months. Both Bitcoin and altcoins continue to struggle thanks to legal battles raging in the United States and their impact on market sentiment. Fragile markets will now encounter a slew of volatility triggers, however, as U.S. macro data releases accompany the next steps in the crypto legal debacle. In what…

George Soros Hands Over Control of $25B Empire to Son Alex

Alex said that he is “more political” than his dad and mentioned his stance against the former president. George Soros, the popular philanthropist, and businessman, revealed that he is handing over his $25 billion empire to his son Alex. According to Forbes, George Soros is one of the top 400 wealthiest people in the world, with a net worth of $6.7 billion. The billionaire is a celebrated hedge fund tycoon who moved $18 billion from his family office to his Open Society Foundations as of 2018. Notably, the Foundations consist…