Day: November 24, 2023

GORILLA tanks 30%, meme coin investors considering MK

The meme coin market has been highly volatile this week, with Gorilla (GORILLA) crashing by over 30% since Nov. 22. Given the sell-off, investors have questioned whether GORILLA’s hype cycle is ending. Amid this, meme coin enthusiasts are exploring a new altcoin, Meme Kombat (MK), which recently launched its presale. Meme coin GORILLA drops 60% from all-time high At the time of writing, the GORILLA price is hovering around $0.0011 – a 60% drop from its all-time high recorded on Nov. 21. Before this all-time high, GORILLA had traded sideways since Nov.…

Ripple CEO Offers Perspective On Legal Fallout With The SEC

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Brad Garlinghouse, the CEO of Ripple, expressed his views on the aftermath of their legal battle with the US Securities and Exchange Commission (SEC). Ripple CEO Insights On The SEC’s Stand In The Legal Battle The Ripple CEO spoke about the case between the crypto company and the SEC in an interview at the 2023 DC Tech Week. Garlinghouse highlighted the SEC’s several setbacks since the case started. According to the CEO, “the SEC has lost on everything that matters” when he was asked if the case is “done and…

TokenFi Rolls Out Easy Token Launch Solutions on Ethereum Goerli

Despite its positive trajectory, TokenFi has encountered challenges, particularly with Bitget’s recent decision to delist TOKEN from its platform amidst allegations of price manipulation. TokenFi, a sister project to the popular meme token Floki Inu, has announced the launch of its groundbreaking initiatives, marking a significant step in democratizing the process of token creation within the cryptocurrency market. According to an announcement on X, the platform has rolled out two new tools, TokenFi Token Launcher, and the TokenFi QuickLaunch Bot, to empower users to create tokens without the need for…

Blockchain devs expect complications from EU smart contract kill switch

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The Data Act — a contentious piece of European Union legislation that includes a clause requiring the ability to terminate smart contracts — has been approved by the European Parliament. If introduced, the legislation will require a smart contract to have a “kill switch.” In a Nov. 9 press release, the parliament announced that the legislation was passed with 481 votes in favor and 31 against. The next step for it to become law is to gain the approval of the European Council. In its current form, the Data Act stipulates…

Bill Gates Envisions Three-Day Workweek Powered by AI

Gates particularly emphasizes AI’s positive impact on productivity in fields such as programming, testing, and healthcare, where it could streamline processes and reduce paperwork for professionals. American businessman and philanthropist Bill Gates has once again captured the attention of the world with his latest assertion that Artificial Intelligence (AI) could revolutionize the standard workweek, allowing humans to work just three days a week. Bill Gates’ Vision of a Three-Day Workweek Bill Gates, the co-founder of Microsoft Corp (NASDAQ: MSFT) and a prominent advocate for AI research shared his optimism about…

Interactive Brokers Hong Kong licensed in Hong Kong for retail virtual asset trading

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The brokerage firm Interactive Brokers Hong Kong has been licensed for virtual asset trading by retail clients in Hong Kong, according to a post on LinkedIn by Interactive Brokers’ managing director for Asia Pacific, David Friedland. The post says that Bitcoin (BTC) and Ether (ETH) trading is allowed, with an official announcement coming soon. Cointelegraph contacted Interactive Brokers for additional information and comments on the development but has not yet received a reply. The announcement comes as the crypto industry expands in Hong Kong. The region has increasingly become a hotspot…

Tether, Bitfinex agree to drop opposition to FOIL request

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Tether and Bitfinex have jointly agreed to drop initial opposition to a Freedom of Information Law (FOIL) request lodged in New York by a number of high-profile news publications. A statement from the USDT stablecoin issuer and cryptocurrency exchange shared with Cointelegraph notes that it is committed to transparently sharing information following a FOIL request from CoinDesk earlier this year. The companies also indicated that they would not be openly releasing documentation, claiming that the approach is not in line with its business practices: “It’s essential to clarify that transparency does…

A conversation about spot Bitcoin ETFs and decentralized ETFs

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As expectations grow that a spot Bitcoin exchange-traded fund (ETF) will be approved in the United States, it remains one of the hottest topics heading into 2024. In Episode 38 of Cointelegraph’s Hashing It Out, Elisha Owusu Akyaw talks to Joel Kuck, CEO of Decentralized ETF (D-ETF), about how ETFs work, the potential impact of spot Bitcoin (BTC) ETFs on the cryptocurrency industry and the idea of decentralized ETFs. Amid the optimism that U.S. regulators are set to greenlight multiple spot BTC ETFs, some projects are also looking to bring…