Day: January 16, 2024

Solana Mobile Preparing Lower-Cost Crypto Smartphone Successor to Saga

Solana Mobile plans to significantly reduce the price to make the smartphone more competitive and affordable compared to Saga. Solana Mobile made a big impact last year when it introduced Saga, a smartphone designed specifically for cryptocurrency enthusiasts. The phone stood out because it had a built-in hardware wallet and supported decentralized apps. It was a success, and now Solana Mobile is working on a new, more affordable smartphone to attract a wider audience. According to a report by Coindesk, the upcoming Solana phone will have the same important features…

OKX to Expand Services into Middle East with New Dubai License

Following the approval of its license by the Dubai Virtual Assets Regulatory Authority, OKX will be offering spot services and spot pairs to UAE residents. This comes as the country is establishing itself as a welcoming hub for crypto business. Crypto businesses looking to expand all over the world often face the challenge of needing to secure approval from various regulators to get started. As we’ve seen in the past, this is not always the most straightforward process and can come with a horde of challenges. Thankfully for OKX Middle…

Bitcoin Bearish Forecast: Analyst Signals Continued Downfall

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The price of Bitcoin appears to be experiencing a bearish moment in the past few days now despite the approval of multiple Bitcoin Spot Exchange-Traded Funds (ETFs), which has raised speculations about the token’s future. Bitcoin Could See Further Collapse Bitcoinhyper, a cryptocurrency analyst, has offered his insights on the current state of Bitcoin. The analyst unveiled his predictions to the community during one of his YouTube videos. According to him, BTC is currently undergoing a decline, which could potentially lead to a further collapse in price. In the beginning,…

IMF Warns AI Can Worsen Global Inequality Eating 40% of Jobs

The IMF has also warned that AI could further broaden income and wealth inequality among countries. AI benefits and challenges would be key points of discussion at World Economic Forum (WEF) meeting in Davos. The International Monetary Fund (IMF) issued a cautionary statement, indicating that the proliferation of artificial intelligence (AI) could impact nearly 40% of jobs worldwide. The assessment, released on Sunday from the Washington D.C.-based institution, highlighted that high-income economies face more significant risks compared to emerging markets and low-income nations. The IMF, led by Chief Kristalina Georgieva,…

Bitcoin supporter Ramaswamy quits US presidential race

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Bitcoin (BTC) supporter Vivek Ramaswamy has officially dropped out of the race for the U.S. presidency. In a post on Jan. 16, Vivek Ramaswamy publicly endorsed Donald Trump’s candidacy, noting in his departure that the United States needs a patriot focused on America. This entire campaign is about speaking the TRUTH. We did not achieve our goal tonight & we need an America-First patriot in the White House. The people spoke loud & clear about who they want. Tonight I am suspending my campaign and endorsing Donald J. Trump and…

Two home improvement companies fined a total of £250,000 for making illegal marketing calls

The Information Commissioner’s Office (ICO) has fined two home improvement companies a total of £250,000 for bombarding people on the UK’s ‘do not call’ register with millions of unlawful marketing calls. Poxell Ltd, registered in Wood Green, London, and Skean Homes Ltd, based in Bournemouth, both made unsolicited marketing calls to people registered with the Telephone Preference Service (TPS) while withholding their identity. Poxell Ltd has been fined £150,000 by the ICO for making over 2.6 million unlawful marketing calls between March and July 2022 to people who had registered…

Stablecoin Takeover? Record Tether 71% Dominance Raises Questions About Crypto Future

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Tether, the issuer of the ubiquitous USDT stablecoin, cemented its dominance in 2023, ballooning its market share to a staggering 71%. This explosive growth, however, comes with a chilling undercurrent: a United Nations report linking USDT to a surge in cybercrime and money laundering in Southeast Asia. Glassnode data paints a stark picture of Tether’s ascent. Its market capitalization reached a record $95 billion in January 2024, fueled by a 40% increase in USDT supply over the past year. Meanwhile, competitors like Circle’s USDC saw their market share shrink, with…

Spot Bitcoin ETF jitters force Dogecoin and Shiba Inu lower, this alternative is solid

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Dogecoin, Bitcoin, and Shiba Inu are entering a cooling period following the initial surge after historic ETF approval. NuggetRush (NUGX) continues to surge in its presale, raising over $1.6 million with its vision for the crypto gaming scene garnering interest. Dogecoin and Shiba Inu (SHIB) are pure meme coins, while NUGX seeks to revamp the meme coin sector.  The United States Security and Exchange Commission (SEC) caused waves among…