Day: August 24, 2023

US presidential hopeful intends to include Bitcoin as part of salary

boss

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Miami Mayor and presidential hopeful Francis Suarez has said he intends to include Bitcoin in his presidential salary in an exclusive interview with The Block. Suarez, who already accepts Bitcoin as part of his mayoral salary, sees potential in extending this practice to his presidency. He believes that using cryptocurrencies can protect against the instability and political issues that impact traditional money systems. As an advocate for Bitcoin and blockchain innovation, Suarez aims to position Miami…

Vessel Capital secures $55M to invest in Web3 infrastructure: Report

boss

Venture capital firm Vessel Capital has announced a $55 million fund to invest in Web3 infrastructure and applications, TechCrunch reported. According to the founders, their goal is not to scale, but rather to assist crypto founders working on early-stage startups to launch and grow their projects. “Crypto has become more global, so it’s not the same circle and group you might have seen in 2018-2020, and we want to be able to help more people,” Mirza Uddin, one of the co-founders, said. Aside from Vessel, Uddin is also head of…

Israeli police links local businessman to $290 million crypto scam

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Israeli police are accusing Moshe Hogeg of fraud and allege that he was involved in a $290 million crypto scam. They now want state prosecutors to charge him. According to local reports, police claim that Hogeg might have committed multiple crimes, ranging from wire fraud, theft, money laundering, and sex-related offenses where he raised $290 million by primarily scamming investors to participate in fake crypto projects. In November 2021, he was apprehended and placed under house…

Shiba Inu Burn Tracker Unveils SHIB Association, What Is It About?

boss

A popular Shiba Inu burn tracker has made a significant step in the meme coin’s evolution with the launch of the aptly named SHIB Association, an innovative venture exclusively centered around the Shiba Inu ecosystem.   Newly Launched SHIB Association Unmasked In a rather lengthy X (formerly known as Twitter) post, Shibburn announced the launch of the SHIB Association, a novelty initiation that may play a pivotal role in the future progress of the Shiba Inu ecosystem and the improvement of the SHIB community.  Shibburn stated that the SHIB Association was…

Crypto Exchange Backed by Fidelity, Citadel and Charles Schwab Set To Use Anchorage Digital As Custodian

boss

A new crypto exchange supported by the world’s biggest financial institutions is tapping into the digital asset management services of the crypto platform Anchorage Digital. In a statement, EDX Markets (EDX) says Anchorage Digital will be the custody provider of its clearinghouse arm, EDX Clearing, which is set to launch later this year. EDX CEO Jamil Nazarali says the decision to partner with the San Francisco-headquartered digital custodian takes into account that Anchorage Digital’s crypto-native bank has a banking charter from the Office of the Comptroller of the Currency (OCC),…

Embattled Crypto Exchange FTX Hires Billionaire Mike Novogratz’s Galaxy Digital To Manage Recovered Crypto

boss

Troubled crypto exchange FTX is hiring a prominent crypto asset management firm to handle its recovered digital assets. In a new court filing, the bankrupt crypto exchange is seeking authorization for billionaire Mike Novogratz’s Galaxy Digital to take over the management of its recovered virtual currencies as a part of its restructuring process. “The Debtors seek authorization for FTX Trading Ltd. to enter into an Investment Services Agreement with Galaxy Digital Capital Management and to perform its obligations thereunder. The Debtors selected Galaxy Asset Management as an investment adviser based…

Meta launches community-licensed AI coding tool to the public

boss

Meta AI announced the launch of ‘Code Llama,’ a community-licensed artificial intelligence (AI) coding tool built on the Llama2 large language model (LLM), on Aug. 24. The new tool is a fine-tuned version of LLama2 that’s been trained specifically for the purpose of generating and discussing computer code. According to a blog post from Meta, Code Llama is split into several variants with one model fine-tuned for general coding in a number of languages (including Python, C++, Java, PHP, Typescript, C#, Bash and more). Other models include Code Llama Python…

Bitcoin NVT Flashes Buy Signal, Bottom In?

boss

On-chain data shows the Bitcoin NVT ratio is currently flashing a buy signal, a sign that the bottom for the asset’s price might now be in. Bitcoin NVT Golden Cross Is Showing A Green Signal As pointed out by an analyst in a CryptoQuant post, the Network Value to Transactions (NVT) Golden Cross has now dipped below the -2 mark. The “Network Value to Transactions (NVT) ratio” is an indicator that measures the ratio between the Bitcoin market cap and transaction volume (both denominated in USD). When the value of…

Bitcoin ordinals inscriptions have been climbing steadily this summer despite lull in prices

boss

Ordinals inscriptions have been consistently higher this summer, while the price of bitcoin was in a lull. The number of ordinals recorded onto the Bitcoin blockchain has spiked above 400,000 three times since July 30, surpassing their May high of 400,091, according to Dune Analytics. Twice in July they jumped above 385,000. Ordinals are a new protocol that makes it possible to store and trade digital content on the Bitcoin blockchain. The idea is similar to NFTs, barring some technical differences, and investors are excited about their ability to bring…