Month: June 2023

Mark Zuckerberg’s jiu-jitsu or Elon Musk’s street-fight ‘walrus’ — Who will win?

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Meta founder and CEO Mark Zuckerberg has emerged as a clear favorite among betters in a proposed “cage match” with Twitter owner and Tesla CEO Elon Musk. In the 48 hours since the Mixed Martial Arts (MMA) challenge was issued by Musk, sports betting firms and odds providers have already delivered preliminary odds for the billionaire’s bout. If the fight actually eventuates, the Brazilian Jiu-Jitsu-trained Zuckerberg has been marked with a 77% chance of winning the fight, according to Oddspedia, a sports betting platform that collates odds from several bookmakers.…

BitGo terminates plans to buy Prime Trust 

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Digital assets custodian BitGo, will not be going forward with its planned acquisition of its rival crypto custody platform Prime Trust.  BitGo announced the termination of the purchase of Prime Trust via Twitter on June 22. Although the company did not state a reason for breaking off the acquisition deal, BitGo stated that the decision “was not made lightly and BitGo remains committed to our mission to deliver trust in digital assets.” After considerable effort and…

Binance.US solves USD withdrawal issues but warns it won’t last long

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U.S. crypto exchange Binance.US has informed customers it has resolved its U.S. dollar withdrawal issues after working with its banking partners but warns the relief may not last. The reportedly independent subsidiary of crypto exchange Binance told customers in a June 22 update that its system remains fully operational and that USD withdrawal requests are expected to go back to their normal five-business-day turnaround. On June 9, the exchange suspended dollar deposits and notified its customers of an incoming pause to fiat withdrawal channels amid its ongoing battle with the…

Shiba Wings customers love the food, not so much the crypto, says owner

After a grand opening in March, Australian fast-food diner Shiba Wings has seen plenty of customers walking through the doors for their fried delectables.  Their appetite, however, hasn’t translated to crypto payments. The Shiba Inu (SHIB) themed diner first opened its doors in Australia’s beachside city Surfers Paradise on March 18, 2023. Speaking to Cointelegraph, the pseudonymous owner of the diner, “Elijah,” said their first week saw roughly $168 (250 Australian dollars) worth of crypto payments. In the months that followed total crypto payments dropped off, falling to an average…

100K ChatGPT logins have been leaked on dark web, cybersecurity firm warns

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Over the past year, more than 100,000 login credentials to the popular artificial intelligence chatbot ChatGPT have been leaked and traded on the dark web, according to a Singaporean cybersecurity firm. A June 20 blog post by Group-IB revealed just over 101,000 compromised logins for OpenAI’s flagship bot have traded on dark web marketplaces between June 2022 and May 2023. The login information was found in the logs of “info-stealing malware.” May 2023 saw a peak of nearly 27,000 ChatGPT-related credentials made available on online black markets. According to our…

Stacks up over 40%, ethereum is on an upward trajectory, tradecurve is up 80%

The cryptocurrency market is characterized by its ever-changing nature and the possibility of generating significant returns. Over the past few weeks, several digital assets have garnered interest from traders and enthusiasts. Notable among them are Stacks, Ethereum, and Tradecurve. These cryptocurrencies have experienced notable price fluctuations, capturing the attention of individuals interested in observing and investing in the market. In this discussion, we will explore the recent developments surrounding these coins and examine the reasons behind their increased prominence within the crypto community. >>Buy TCRV tokens now<< Stacks soar over…

Coinbase Report: Over 50% Of Fortune 100 Companies Have Blockchain Initiatives In Pipeline

The cryptocurrency industry in the United States seems set for continuous expansion, despite the increasing regulatory pressure in the country. According to a new report by crypto exchange Coinbase, several leading U.S. corporations are undertaking blockchain initiatives to remain competitive in the global market. Coinbase Reports Increased Corporate Adoption Of Blockchain In The US A report by Coinbase titled “The State of Crypto: Corporate Adoption” reveals that 52% of the Fortune 100 companies have made crypto, blockchain, or Web3 efforts since the start of 2020. It was found that approximately…

FTX seeks to claw $700M from Bankman Fried friends and affiliated funds

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FTX has filed a lawsuit in the United States Bankruptcy Court for the District of Delaware against some of the investment firms it had ties to before its collapse. The suit, filed June 22, contained 16 counts and seeks over $700 million from the defendants. The lawsuit filing named K5 Global – an incubator and investment company, Mount Olympus Capital and SGN Albany Capital, as well as affiliated entities and K5 Global co-owners Michael Kives and Bryan Baum, as defendants. Kives is a former agent for the CAA talent agency and…

Prime Trust’s financials ‘considerably deteriorated,’ says Nevada regulator

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Prime Trust’s financial condition is “critically deficient” and the crypto custodian is unable to honor customer withdrawals according to a cease and desist from Nevada’s business regulator. In a June 21 order, the Nevada, Department of Business and Industry claimed Prime Trust’s financial condition “considerably deteriorated” and the firm is now in an “unsafe or unsound condition” to continue business: “On or about June 21, 2023, Respondent’s [Prime Trust] was unable to honor customer withdrawals due to a shortfall of customer funds caused by a significant liability on the Respondent’s…