Month: September 2023

Arbitrum Platform Helps Liquidity Providers Earn Money When Prices Fall

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Google Loses Map Traffic on iPhones Due to Apple Map Switch

Traffic on Google Maps has dropped by 40% over the last two years with the introduction of the Apple Switch as the likely reason behind this. Two years following Apple Inc‘s decision to replace Google Maps with its own app as the default service on iPhones, Google managed to recover only 40 percent of its previous mobile traffic on its mapping service. A Google executive disclosed these details during the antitrust trial involving Alphabet Inc. Michael Roszak, Google’s Vice President for Finance, stated on Tuesday that the company viewed the…

Ripple Stirs Debate By Shuffling $260 Million In XRP: Why?

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Ripple Labs has once again become the focus of much scrutiny and debate within the XRP community. Recent data points to a series of high-volume XRP transactions totaling 506 million tokens, valued at approximately $260 million, carried out over the span of 19 days. What makes these transactions especially noteworthy is not just their sheer volume but also the repetitive nature and targeted destinations. Ripple Transaction Breakdown Between the end of August and mid-September, a total of 15 significant XRP transactions were initiated by two Ripple-controlled addresses. These transfers were…

Grayscale files for an Ethereum futures ETF

Grayscale filed an application to launch an Ethereum futures-based exchange-traded fund (ETF). According to The Wall Street Journal, Grayscale filed an application for an Ethereum (ETH) futures exchange-traded fund (ETF). This latest application was filed under the Securities Act of 1933, the same regulatory framework governing commodities and spot Bitcoin (BTC) ETFs. Previously, Grayscale also filed for an Ethereum futures ETF under the Investment Company Act of 1940 — the act that regulates most security-based ETFs. This is an important distinction per the report since the SEC has approved Bitcoin…

LimeWire Acquires BlueWillowAI Following Launch of AI Studio

The step into the world of generative AI seems to be part of LimeWire’s rebranding strategy. Peer-to-peer file-sharing platform LimeWire has announced its acquisition of the popular AI image generation platform BlueWillowAI. The Wednesday announcement comes after the August launch of LimeWire AI Studio, a move into the world of generative AI by a company that was widely known for its popularity in the music piracy scene before being shut down in 2011. BlueWillow was launched in January and claims to be the second-largest AI image-generation community on Discord after…

WhatsApp Launches ‘Flows’ to Boost Business Communications

In addition to Flows, WhatsApp is taking steps to empower businesses with payment solutions.  B2B customers in India can now make payments to companies within the chat using their preferred payment methods.  In an eagerly awaited announcement, WhatsApp, a subsidiary of Meta Platforms Inc (NASDAQ: META) has unveiled its latest feature, “Flows”. This innovation promises to reshape the way businesses communicate with their customers and clients, offering a seamless and dynamic messaging experience. The official announcement took place via a live online keynote hosted by Meta, marking a significant milestone…

Coinbase Launches ‘Stand with Crypto’ Campaign to Advocate for Clear Cryptocurrency Legislation in US

The “Stand with Crypto” campaign will have a strategic focus on nine specific states in the United States: New Hampshire, Nevada, Ohio, Pennsylvania, Arizona, California, Georgia, Illinois, and Wisconsin. The Coinbase “Stand with Crypto” campaign is dedicated to advocating for favorable cryptocurrency legislation in the United States. This initiative follows extensive research by Coinbase, revealing that a majority of Americans believe the financial system requires significant reforms. Among the respondents, 51% contend that the current financial system is unjust, primarily favoring powerful interests over ordinary citizens. The research also indicates…

Stanford University to Return Millions in Gifts Linked to FTX amid Controversy

The move comes shortly after the beleaguered crypto exchange FTX filed a lawsuit against the parents of its founder, Joseph Bankman and Barbara Fried, both distinguished professors at Stanford Law School. Stanford University has decided to return millions of dollars in gifts it received from the now-bankrupt crypto exchange FTX following allegations of impropriety involving the parents of FTX’s founder Sam Bankman-Fried (SBF). The gifts in question, initially received by Stanford from the FTX Foundation and related entities, were purportedly intended for pandemic-related prevention and research initiatives, according to a…