Day: September 14, 2023

Binance US CEO leaves as company lays off third of its staff

Binance US, the American subsidiary of the crypto exchange giant, has laid off 100 employees, or a third of its staff, following the departure of its CEO. Bloomberg reports that the former CEO, Brian Shroder, who joined Binance in September 2021, will be temporarily replaced by Norman Reed, the Chief Legal Officer. Binance said that the SEC’s actions against the crypto industry have affected its business and threatened U.S.-based jobs and innovation. As a result, the company has laid off a third of its staff. Shroder’s exit is the latest…

Elon Musk, Mark Zuckerberg and Sam Altman talk AI regs in Washington

boss

The top executives from some of the world’s largest tech and web companies have concluded a closed-door meeting with U.S. lawmakers in Washington D.C., where they reportedly discussed AI technology and potential approaches to regulation. The Sept.13 Senate ‘AI Insight Forum’ was organized by Senate Majority Leader Chuck Schumer, and attended by 22 tech titans including X (Twitter) owner Elon Musk, Google’s Sundar Pichai, Meta CEO Mark Zuckerberg, Sam Altman from OpenAI and Microsoft founder Bill Gates, according to the New York Times. Musk reportedly warned about existential risks from AI exclaiming “If…

Solana At Make-Or-Break Moment, Key Levels To Watch

Solana is eyeing a fresh increase above the $19.00 resistance against the US Dollar. SOL price must settle above $19 and $20 to start a fresh increase. SOL price is attempting a bullish breakout above the $19 resistance against the US Dollar. The price is now trading below $20 and the 100 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $18.80 on the 4-hour chart of the SOL/USD pair (data source from Kraken). The pair could gain bullish momentum if it settles…

Ethereum Price Looks Primed For Gains Until This Changes

boss

Ethereum price is slowly moving higher above $1,600 against the US Dollar. ETH could gain bullish momentum unless there is a nasty drop below $1,550. Ethereum is showing a few positive signs for a move above the $1,650 resistance. The price is trading above $1,600 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance near $1,610 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if there is a close above $1,650 and…

Singapore’s central bank slugs Three Arrows founders with 9-year ban

boss

The Monetary Authority of Singapore (MAS) has issued a nine-year prohibition order to Three Arrows Capital (3AC) founders Kyle Davies and Zhu Su over alleged violations of the country’s securities laws. In a Sept. 14 statement, MAS said Su and Davies will be banned from regulated activities and won’t be permitted to manage, act as a director, or be a substantial shareholder of any capital market services business during the prohibition period that started Sept. 13. In its decision to bar the pair, MAS said Su and Davies failed to notify…

Meta ‘ruined’ the term metaverse, but now it’s evolving: Yuga Labs CEO

boss

Big Tech player Meta gave the metaverse a bad name when it pushed its janky vision to the masses. Luckily, open online virtual worlds have continued to evolve, says Yuga Labs CEO Daniel Alegre. Speaking to Cointelegraph at Token 2049 in Singapore, Alegre said the problem with the metaverse is that Meta “ruined the term because it said: ‘This is something brand new’” — despite other metaverse platforms already existing. “I was at Activision Blizzard, we had World of Warcraft. World of Warcraft is a metaverse, Fortnite is a metaverse…

Bitcoin Price Is Primed For Rally And Only 1 Thing is Holding it Back

boss

Bitcoin price is moving higher above the $26,200 resistance. BTC could gain bullish momentum if there is a daily close above the $26,500 resistance. Bitcoin is showing a few positive signs above the $26,200 level. The price is trading above $26,000 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support near $26,050 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh rally if there is a close above $26,500 and then a move…

growing threat to crypto community

In the crypto sphere, SIM swap scams are on the rise, leading to significant losses. Uncover the concerning trend and take steps to protect your assets. On Sept. 9, scammers took over the social media account of Ethereum (ETH) co-founder and CEO Vitalik Buterin. They then used it to post a fake NFT giveaway, directing unwitting users to click a phishing link that drained nearly $700,000 from their wallets. Days after the incident, Buterin confirmed that he had been the victim of a SIM swap, speculating that bad actors had…