“I am letting you know that the Securities and Exchange Commission is investigating Barnbridge DAO and individuals associated with the DAO,” wrote Douglas Park, duly elected legal counsel to Barnbridge DAO, in a Discord message on Friday morning. Source
Twitter executive chairman Elon Musk alleged in a social media post that Meta is “cheating” over the release of Threads, a text-based social network resembling Twitter. While Musk wrote that he is fine with competition, he made it clear that he would not tolerate cheating. The billionaire’s remarks come after Twitter lawyer Alex Spiro sent a letter to Meta CEO Mark Zuckerberg threatening legal action. Competition is fine, cheating is not — Elon Musk (@elonmusk) July 6, 2023 On July 5, Spiro wrote in the letter that Twitter has the…
The news surrounding BlackRock’s application for a spot Bitcoin (BTC) exchange-traded fund (EFT) sent the asset’s price from its local lows in mid-June to a strong monthly close of +12%. To most observers, this was a sign that institutional investment into the cryptosphere is once again on the horizon. A future approval of a spot ETF combined with rate cuts from the United States Federal Reserve could provide the ideal catalysts for the next bull run. For those keen to gain a deeper understanding of the crypto space’s various sectors…
Jarrad Hope, the co-founder of open source community Status, delivered a thought-provoking speech at the ETHBarcelona conference, highlighting the urgent need to strengthen civil liberties through politically neutral networks. A prominent advocate for privacy and co-founder of open source community Status, Jarrad Hope, addressed a captivated audience at the recent ETHBarcelona conference, shedding light on strengthening civil liberties through politically neutral networks. With a passionate plea for privacy, Hope warned of the dangers of mass surveillance and the potential tyranny associated with the rise of central bank digital currencies (CBDCs).…
Worldwide traffic for the popular artificial intelligence (AI) chatbot ChatGPT has witnessed a decline from the month of May to June, suggesting a reduction in interest in the AI assistant tool developed by OpenAI. According to data estimates from the traffic analytics site Similarweb, desktop and mobile web traffic for ChatGPT dropped by 9.7% in June. In addition, the site’s unique visitors and the amount of time users spend on the site have also declined by 5.7% and 8.5% respectively. In the United States, the recorded month-on-month decline in the…
The president of the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), Obinna Iwunna, has commented on the implementation of the Finance Act, 2023, which was signed into law on May 28. According to Iwunna, the successful execution of the law will be challenging due to its premature introduction. The act introduces a series of tax reforms aimed at modernizing the country’s fiscal framework. Among its provisions was the introduction of a 10% tax on gains from the disposal of digital assets, including cryptocurrencies. In a Cointelegraph interview, Iwunna criticized…
The creation of nonfungible token inscriptions on the Bitcoin (BTC) blockchain has led to over $210 million of trading volume for Bitcoin Ordinals, according to the latest quarterly report from DappRadar. The data, which has been independently verified by Cointelegraph, shows that Bitcoin Ordinals’ booming popularity led to a sharp increase in trading volume through the second quarter of 2023. Bitcoin Ordinal trading volume increased from $7.18 million in the first quarter of the year, before a significant increase in trading value left the total trading volume for the Bitcoin-based NFTs…
Centralized blockchain payments have emerged as a promising solution to tackle the challenges plaguing the settlement process, as affirmed by the New York Federal Reserve after successfully concluding an extensive three-month experiment with prominent banks. In a statement released on Thursday, the New York central bank revealed that the experiment hinged upon a groundbreaking concept known as the “regulated liability network (RLN),” which served as the foundation for constructing a theoretical payment infrastructure. This innovative framework was specifically designed to facilitate the seamless exchange and settlement of regulated digital assets,…
Fantom (FTM) dropped 9.9% even as developers addressed concerns among community members. “For the avoidance of doubt, FTM was never issued or managed by Multichain, so wFTM, FTM ERC-20, and FTM on Opera are not affected,” Fantom Foundation tweeted. Source
The leading cryptocurrency by market value rose almost 1% to touch $30,300, reversing some of Thursday’s slide. The MSCI’s broadest index of Asia-Pacific shares, excluding Japan, extended the prior session’s weakness to drop to a five-week low, while U.S. stocks registered notable losses after a blowout ADP private-sector employment report for June raised concerns of higher interest rates. Source