Month: August 2023

Joe Rogan and Post Malone criticize US CBDC

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The entertainment industry is diving into the Central Bank Digital Currencies (CBDCs) debate, with Joe Rogan and rapper Post Malone expressing their concerns. On the “Joe Rogan Experience” podcast, which boasts over 11 million listeners per episode, the two discussed CBDCs. .@JoeRogan Says ‘No F*cking Way’ to Central Bank Digital Currency: “That’s Game Over”@PostMalone asked @JoeRogan, “So how do you feel about the government’s digital currency that they’re working [on]?” Rogan answered, “No f*cking way. No…

Sam Bankman-Fried Could Go Back to Jail Thanks to His Big Fat Mouth

This was made even more alarming when it came out that Bankman-Fried had used VPN software, which can obscure a users’ internet activity. Bankman-Fried’s defense team claimed that was to watch a football game, which … look, whatever. The court didn’t buy the NFL Defense either, leading to Bankman-Fried’s current situation: he’s stuck using a flip phone because the court trusts him so little. Source

Regulatory Pressure Mounts On Worldcoin, Can WLD Price Recover?

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Worldcoin, the brainchild of OpenAI’s Sam Altman, made its official entrance into the world of cryptocurrencies in July. At first, things went smoothly as the euphoria from the launch grew. But this would only be short-lived because regulators began to pay close attention to Worldcoin’s data collection activities. In the last couple of weeks, regulators in various jurisdictions have brought Worldcoin under a microscope, significantly impacting the price of its native token, WLD. Regulatory Concerns Engulfs Worldcoin Not too long after its launch, Ethereum founder Vitalik Buterin first raised alarm…

Top Crypto Exchange Binance Sinks $5,000,000 Into Curve (CRV) Following Massive Hack on the DeFi Platform

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The venture capital arm of crypto exchange Binance just announced that it is putting money into the native token of the decentralized finance (DeFi) platform Curve. In a statement, Binance Labs says that its $5 million investment in the Curve DAO Token (CRV) signifies its commitment to join forces with the largest stableswap and second-largest decentralized exchange (DEX). The announcement comes as the price of CRV dipped following a massive hack on the platform in late July. Says Binance Labs head Yi He, “Given the recent events that have impacted…

PayPal’s Stablecoin Is No Libra. Why the Timing Feels Right

But in the grand scheme of things, PayPal’s project is in a far stronger position politically than the universally mistrusted Libra ever was. Republicans are thrilled that the payments company launched its stablecoin, known as PYUSD, at this moment. The bill’s sponsor, Rep. Patrick McHenry (R-N.C.), chairman of the House Financial Services Committee, called the move a “clear signal that stablecoins — if issued under a clear regulatory framework — hold promise as a pillar of our 21st-century payments system” and made it “more important than ever” to keep moving…

SHIB Rides On Bullish Waves As Shibarium Launch Nears

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This cryptocurrency, Shiba Inu dog-inspired logo, has garnered significant attention in the crypto community. As the highly anticipated Shibarium launch draws near, Shiba Inu (SHIB) is riding on bullish momentum.  In terms of the 7 days price gain, the meme coin is outperforming other notable assets like Bitcoin (BTC), Ethereum (ETH), XRP, and Dogecoin (DOGE), representing less than 1% price increase. Investors and enthusiasts are now considering whether to buy in as the project’s new development unfolds.  SHIB Price Gains Momentum As Shibarium Nears A recent examination of on-chain data by…

Prime Trust, Which BitGo Had Planned to Buy, Looks Poised for Potentially Massive Layoffs, Sources Say

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Former FTX CEO Sam Bankman-Fried Really Is Still Facing Campaign Finance Claim at Trial

Obviously I’ve written about this before, and so I’m not going to get too deep into it now, but here are the highlights: Bankman-Fried is accused of violating his bond conditions in trying to tamper with multiple witnesses as well as allegedly other shady behavior. The Justice Department says that he has abused his privilege in being allowed to spend his pretrial time at his parents’ home, and therefore, it wants to put him back into custody. Source

Kraken Surges Ahead In Altcoin Liquidity, Overtaking Coinbase In US: Kaiko

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The world of cryptocurrency exchanges, often clouded with volatility and competition, has recently been witnessing a distinct shift in dynamics, particularly as a Kraken is taking the lead in the US altcoin trading space. The latest data reveals Kraken, the California-based crypto exchange, is now dominating its rivals, specifically Coinbase, in the altcoin market. Dominating The Altcoin Trading Landscape Data analytics from crypto research firm Kaiko has highlighted Kraken’s emergence as the premier US crypto exchange for altcoin trading. With significant shifts in market depth percentages and a notable increase…

SEC punts on ARK 21Shares spot Bitcoin ETF, opens proposal to comments

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The United States Securities and Exchange Commission (SEC) has delayed a decision on approving or disapproving the spot Bitcoin (BTC) exchange-traded fund proposed by ARK Investment Management. In an Aug. 11 notice, the SEC opened a 21-day comment period for the ARK 21Shares Bitcoin ETF to the public following publication in the Federal Register, the latest delay for the regulator determining whether to approve or disapprove of a spot crypto ETF in the United States. ARK originally filed to list the ETF in May, giving the SEC a maximum of…