Elon Musk as now chosen the Octagon UFC arena in Las Vegas as he plans a cage fight with Meta CEO Mark Zuckerberg. Meta Platforms Inc (NASDAQ: META) chairman and CEO Mark Zuckerberg is now ready for a cage fight with Tesla (NASDAQ: TSLA) CEO Elon Musk. On Wednesday, Zuckerberg posted a screenshot of Musk asking for a cage fight and captioned it “Send Me Location”. The banter between both billionaires began when International Blockchain Consulting founder and CEO Mario Nawfal tweeted that Meta is working on a Twitter rival called Threads. According to Nawfal, Meta began…
Day: June 22, 2023
AI Digital Art Design Platform Atriv Integrates Flare Layer-1 Blockchain for Simplified Access to NFTs and Art
The partnership between Atriv and Flare creates ease for all digital artists and creators looking to issue NFTs and tokenize their creations. Artificial intelligence (AI) digital art platform Atriv has announced a partnership with the Flare blockchain to provide the network with Atriv’s no-code NFT platform. The partnership aims to create a free market where collectors and digital artists can easily create art and tokenize their creations. Atriv’s NFT platform uses artificial intelligence to stretch the possibilities of digital art and offer an all-encompassing and extensive tool to users. So…
UK Raises Interest Rates for 13th Consecutive Time
The Monetary Policy Committee promises to keep an eye on the indications of the long-lasting inflationary pressures in the economy. It plans to monitor the labor market, wage growth, and hike in service prices. The Bank of England hit the market with a 50 basis point hike to interest rates in the UK. The UK central bank announced the rates hike on Thursday after the Monetary Policy Committee voted to favor the increase. Notably, this marks the 13th consecutive increase as the policymakers seek ways to fight the troubling and…
Brian Armstrong Envisions Coinbase (COIN) to Become ‘Super-App’ Like WeChat
The SEC accused Coinbase, one of the largest crypto exchanges in the world, of operating as an unregistered broker, exchange and clearing agency at the same time, soliciting customers, handling orders, allowing for bids and acting as an intermediary all at once, in violation of federal securities laws. Source
How Financial Advisors Can Navigate Crypto and Digital Assets, Post-Downturn
FAs and RIAs know that responsibility well, and even though you can manage digital assets directly with the right tools, you don’t want to completely squash this new-found independence (and it’s unlikely that anyone could). As investors learned last year, the new freedom of completely limitless, do-it-yourself mobile trading apps made the need for outside advising feel superfluous until, under regrettable circumstances, it became very clear that it wasn’t. Original Source AdvisorsAssetsCryptoDigitalFinancialNavigatePostDownturn CryptoX Portal
Bitcoin’s Ferocious ETF-Fueled Rally Puts Ether at Weakest Price Versus BTC in 2 Months
The largest cryptocurrency by market cap has benefited from rising investor optimism following multiple filings for spot bitcoin ETFs and its omission from tokens listed in SEC lawsuits earlier this month. Original
TUSD Stablecoin Has ‘No Exposure’ to Embattled Prime Trust
That volatility has rocked usually quiet loan markets for TUSD, especially on Aave v-2, the largest on-chain lending facility for TUSD. At press time, the variable borrow rate for TUSD was over 30% APR; it was even higher earlier in the day, according to Parsec. Source
Pepecoin Becomes Biggest Meme Coin Gainer With 70% Weekly Jump
The tokens racked up $800 million in trading volumes over the past 24 hours, data shows. Source
BlackRock Bitcoin spot ETF nod ‘unlikely in near term’ — QCP Capital
Bitcoin (BTC) will unlikely see its first spot price exchange-traded fund (ETF) in the United States soon. That is the opinion of trading firm QCP Capital, which in its latest market update on June 22 warned over spot ETFs’ prospects. SEC’s Gensler presents Bitcoin ETF roadblock BTC price action has offered more than 20% gains since BlackRock, the world’s largest asset manager, applied to list a U.S. spot Bitcoin ETF. This would be the first of its kind, as all such spot ETF applications have been rejected so far by…
Social Engineering, 'Ice Phishing' and More: How Scammers Can Drain Your Crypto Wallet
Scammers use a variety of techniques to steal users’ money, some of which only require knowing your wallet address, a Forta Network researcher said. Source