Category: Reviews

Former BitMEX CEO Arthur Hayes Says Bitcoin ETFs Could Attract Billions of Dollars

While being bullish on Bitcoin ETFs for the long term, Arthur Hayes expressed bearish sentiments on Bitcoin in January, anticipating a short-term correction of up to 30% in prices. In a recent post on Tuesday, Arthur Hayes, Chief Investment Officer of the family office Maelstrom and former CEO of BitMEX, delves into the allure of Bitcoin (BTC) for investors, citing market inefficiency and its uncorrelated behavior with traditional assets as key factors attracting billions in capital from broader financial markets. As one of the earliest and most notable Bitcoin traders,…

Mercedes-Benz Unveils In-Car Virtual Assitant with NFT and Generative AI Capabilities

The virtual assistant is designed to offer very natural and empathetic interactions with consumers and features four different emotions. One of the ways that we see blockchain-based assets progressing is the ways in which they are made more accessible in everyday life. This is especially true when they are being pushed by major corporations and we have seen this time and time again. One of the latest examples of this comes from Mercedes-Benz, which unveiled its new MBUX Virtual Assistant at CES 2024. This virtual assistant comes with a horde…

HashKey Group Announced Completion of Series A Funding Round with $100M at Valuation of Over $1.2B

The newly acquired funds will help HashKey to build diversified Web3 products amid the mainstream adoption of digital assets and blockchain technology in Asia. HashKey Group, the operator of a leading Hong Kong-based cryptocurrency exchange and other web3-focused platforms, announced the completion of the Series A funding round with nearly $100 million. As a result, the company saw its valuation rally beyond $1.2 billion to a unicorn status. According to the announcement, HashKey will direct the funds to build more licensed and diversified web3 products to solidify its position in…

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…

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,…

Elon Musk and Other 4 World’s Wealthiest Men Double Their Fortune in 3 Years

Meanwhile, Oxfam revealed that across 52 countries, the average real wages of nearly 800 million workers have fallen, resulting in a combined loss of $1.5 trillion over the last two years. According to a new report by Oxfam, a global organization dedicated to combating inequality and ending poverty, the combined wealth of the world’s top five wealthiest men has more than doubled from $405 billion in March 2020 to $869 billion in November 2023.  The report was published on January 15, just on the day when the World Economic Forum…

Celsius CEO Requests to Drop Two Charges Linked to Fraud and Manipulation

The court filing contends that the government’s handling of cryptocurrencies creates an inconsistency and contradiction between the second count of commodities fraud and the first count of securities fraud. Legal representatives for former Celsius CEO Alex Mashinsky have filed a motion in federal court seeking the dismissal of charges related to commodities fraud and market manipulation. The motion, filed on January 12 in the United States District Court for the Southern District of New York, urges the judge to drop two felony counts expected to be brought against Mashinsky at…

SEC Agrees to Postpone Do Kwon and Terraform Trial until US Extradition Expected in March

The Terraform Labs trial has now been postponed until after Do Kwon is successfully extradited to the US from Montenegro. The United States Securities and Exchange Commission (SEC) has agreed to delay the trial of Terraform Labs founder Do Kwon. According to a Monday filing, the trial will not begin until Kwon’s extradition to the US. The filing, submitted in the US District Court for the Southern District of New York, states that SEC was prepared to begin the trial initially scheduled for January 29. However, the Commission has agreed…

Modular L2 for ZK Applications

The introduction of MANTA on Binance Launchpool is a huge step toward addressing the ZK ecosystem’s difficulties. Binance, one of the world’s leading crypto exchanges, has unveiled the 44th project on its Launchpool – Manta (MANTA). This new addition to the Binance ecosystem promises to be a game-changer, introducing a modular Layer 2 (L2) solution tailored for Zero-Knowledge (ZK) applications. Staking and Farming MANTA According to the announcement, users eager to partake in the MANTA Launchpool can stake their BNB and FDUSD tokens in separate pools, farming MANTA tokens over…