Month: June 2023

Apple to delist Nostr-based Damus app over Bitcoin tip feature

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Decentralized social media app Damus could face the axe from the Apple App Store over its Bitcoin (BTC) tipping feature. On June 13, the creators behind Damus shared a warning letter from Apple, which stated the app would be removed from the platform because of the “Zaps” feature allowing people to tip users and content creators in Bitcoin. The feature was made possible by integrating the Lighting Network widget to make Bitcoin payments and tips on the platform. In its warning, Apple said the Zaps feature violates its policy prohibiting…

Uniswap releases version 4 code, allowing for new types of liquidity pools

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Uniswap Labs has released a draft of the code for Uniswap V4, according to a June 13 blog post from Uniswap’s founder, Hayden Adams. The new code features “hooks” or plugins that allow developers to create custom liquidity pools.  Uniswap is the largest decentralized crypto exchange in the world by volume. Its latest version is V3 and was deployed on May 4, 2021. Uniswap’s official user interface. Source: Uniswap According to the post, V4’s “hooks” feature will allow future developers to create on-chain limit orders, automatic deposits to lending protocols,…

Bitcoin gets closer to ‘51% attack’ on altcoin market

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Bitcoin’s (BTC) percentage share in the crypto market has risen to nearly 50% in the aftermath of the last week’s altcoin market rout. On June 13, the Bitcoin Dominance Index (BTC.D), which tracks BTC’s weight against other cryptocurrencies, reached 49.29%, slightly down from its two-year highs of 49.66% seen earlier this week.  BTC.D daily price chart. Source: TradingView BTC not an “unregistered security”  The surge in Bitcoin dominance comes after the United States’ Securities and Exchange Commission’s (SEC) lawsuit against the crypto exchanges Binance and Coinbase. In its court filings, the…

Fortune Ranks Ripple as One of Best Places to Work in Bay Area

After the analysis of thousands of feedback from employees across various workplaces in the Bay Area, Ripple was named among the top 10 in the Fortune Magazine ranking of the best workplaces in 2023. The Great Place to Work ranking is based on employees’ experiences and general feedback about their workplaces. The data is usually gathered to see how companies can improve based on the information derived about specific needs. In conducting the analysis, they use a Trust Index survey to get qualitative and quantitative information about what is expected…

SEC Chair Gary Gensler Refers to Bitcoin and Ethereum as Non-Securities in Newly Revealed Video

The SEC chair previously indicated that all cryptocurrencies apart from BTC are securities. In a recently unearthed video from a 2018 crypto-themed event hosted by Bloomberg and Fidelity, Gary Gensler, the current chairman of the United States Securities and Exchange Commission (SEC), made statements that contradict his current position on digital assets regulations in the country. The video, which started circulating on Twitter on June 12, shows Gensler addressing institutional investors at the Massachusetts Institute of Technology, where he worked as a professor before joining the SEC in 2021 after…

Bitcoin Price (BTC) Rises After U.S. CPI Inflation Slowed to 0.1%

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This latest news on inflation comes one day ahead of the results of the U.S. Federal Reserve’s monetary policy meeting. Prior to this morning’s numbers, market participants had priced in about a 76% chance the Fed will end up pausing what’s become an historic string of rate hikes dating back to March 2022. In the few minutes after the news hit, the chance of a pause has risen to 79%. Original

Manchester United (MANU) Shares Price Surges as Qatar Media Hints Takeover Plans

MANU stock price surged by a staggering 30% as the news emerged of Sheikh Jassim being the preferred bidder of the Premier League soccer club. On Tuesday, June 13, the shares price of Manchester United (NYSE: MANU) popped up by a massive 30% in the pre-market hours on the New York Stock Exchange. The recent surge happened after Qatari media suggested Sheikh Jassim bin Hamad al-Thani is likely to succeed with his takeover bid. On Tuesday, Qatar’s local news publication Al-Watan reported that Sheikh Jassim will soon emerge as the…

Taiwan Mobile Open to Potential Alliance with Local Crypto Firms

Taiwan Mobile’s decision demonstrates the growing interest of conventional sectors in capitalizing on the possibilities of cryptocurrencies and blockchain technology. Taiwan Mobile Co Ltd (TPE: 3045), one of Taiwan’s prominent telecommunications companies, has expressed its openness to potential alliance opportunities with Taiwanese firms specializing in crypto. As reported by Bloomberg, the company is reportedly engaging in discussions with various Taiwanese firms that specialize in digital currencies. This includes the fintech blockchain company XREX.  According to sources familiar with the matter, the talks aim to assess potential alliance opportunities and explore…