Day: September 29, 2023

NFT artist raises $140K for cancer support charity

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A nonfungible token (NFT) artist raised nearly $140,000 (114,000 British pounds) from an art event in Edinburgh, Scotland to support cancer treatment. Maggie’s Edinburgh — an institution dedicated to free cancer treatment — received 114,000 pounds from Trevor Jones, a popular crypto artist from Scotland, who raised funds at a charity exhibition and auction at an annual Web3 Castle Party near Paris. According to Maggie’s Edinburgh Fundraising, the funds collected by Jones amounted to the highest single donation from an art event recorded in the Edinburgh Center’s 27-year history. A…

Coinbase Listing Crypto Perpetuals May Fill the Gap Left by FTX Implosion

“Regarding Coinbase, I do think that it’s well positioned to capture significant market share,” Carey said. “Given Binance’s recent troubles it stands to reason that larger traders and institutions may be skittish to hold significant funds on the exchange. On the other hand, Coinbase is one of the most trusted exchanges, which sets them up nicely.” Original Source CoinbaseCryptoFillFTXGapImplosionLeftListingPerpetuals CryptoX Portal

Fortnite Creator Epic Games to Lay Off 16% of Staff

The layoffs at Epic Games are the latest in a slew of job cuts that have plagued the tech industry. Fortnite creator Epic Games is cutting its staff by 16%. This is according to a notice from CEO Tim Sweeney to employees on Thursday. The company is also selling its music platform Bandcamp and making some changes to most of its SuperAwesome services. The layoffs will affect 830 workers, two-thirds of whom do not belong to Epic’s core development teams in a bid to reduce costs while remaining on course…

French police raid Nvidia offices amid antitrust investigation: Report

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Nvidia, one of the global leaders in artificial intelligence (AI) chip production headquartered in California, reportedly faced a police raid in its French offices this week. The action came as a part of a general inquiry of French antitrust authorities into the cloud computing sector.  The Wall Street Journal reported the raid on Sept. 28, although neither Nvidia nor the French enforcement agencies have officially commented on what happened. A press release on the webpage of the French antitrust agency, Autorité de la Concurrence, refers to an unannounced inspection in the graphics cards…

Why Is Bitcoin Price Up Today? Insights From Leading Analysts

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In the last 24 hours, the Bitcoin price experienced a significant surge of 2%, touching an intraday high of $27,320 yesterday. As of this writing, the BTC price hovered near the $27,000 mark. Why Is Bitcoin Price Up Today? Several analysts have offered insights into the recent upward trajectory. Renowned crypto specialist Skew elucidated on Twitter, “BTC Aggregate CVDs & Delta: Lower timeframe stuff but pretty clear spot absorption around the high, so $27.2K is an important price area to clear for spot buyers. Most of the push up was…

Coinbase Secures License to List Crypto Perpetual Futures for Retail Users

By securing the latest regulatory approval, Coinbase would be able to offer its eligible customers access to regulated perpetual futures contracts on the Coinbase Advanced platform. Coinbase International Exchange, holding a class F license granted by the Bermuda Monetary Authority (BMA), has disclosed that it has secured further regulatory clearance. This authorization now permits Coinbase to provide perpetual futures trading services to retail customers outside of the United States. This is a clear indication of Coinbase’s willingness to expand its footprint in the international market. Earlier this year in May…

Planetarium Labs goes Omnichain, launches BNB Chronicles

Planetarium Labs is a gaming company known for its immersive gaming experiences, web3 development, and mobility. One of its games, Nine Chronicles, was launched in 2020 and is the world’s first fully on-chain, open-source fantasy RPG game. Over 200,000 community members and gamers worldwide have come together to enjoy this game. As part of its omnichain vision, Planetarium Labs launched BNB Chronicles earlier this week – a web-based game that runs on the BNB Chain. The game was launched to celebrate Nine Chronicles’ omnichain expansion journey and its upcoming mobile release. Planetarium Labs…

Gemini Withdrew $282M Worth of Earn Users’ Funds before Genesis Collapse

Gemini said that the recent report from New York Post is quite misleading and “pure fantasy”. The exchange added that all the funds belonged to its Earn users. In August of the previous year, cryptocurrency exchange Gemini transferred $282 million from its Earn users’ funds to its liquidity reserve, as stated by the company in response to a New York Post article published on Thursday, September 28. The article had claimed that the Winklevoss founders, Cameron and Tyler Winklevoss, withdrew over $280 million, whether from corporate or personal funds, as…

Ripple Walks Away from Deal to Acquire Fortress Trust Only a Few Weeks after Announcement

For reasons best known to Ripple and CEO Garlinghouse, the deal to acquire Fortress Trust is now off despite enthusiasm shown weeks ago. Barely three weeks after announcing its decision to acquire regulatory and tech infrastructure company Fortress Trust, Ripple is no longer interested in the deal. Ripple CEO Brad Garlinghouse made the announcement on X (formerly Twitter), specifying that the company will remain an investor in Fortress Trust. A few weeks ago, we signed a letter of intent to acquire Fortress Trust – we’ve since made the decision not to move…