Elon Musk announces he will step down as Twitter CEO
The soon-to-be-former CEO will become Twitter’s executive chair and chief technology officer, overseeing product, software and system operations. Twitter CEO...
Month: May 2023
‘The SEC’s actions have crippled a nascent industry’ — Paradigm requests amicus brief for Coinbase
According to Paradigm, the SEC's lack of a clear path for crypto firms to register could lead to a “de...
Memecoins are like Powerball for crypto fans: Matrixport exec
For a lucky few, memecoins can provide a “path to wealth,” but for others, they’re simply a “risky gamble,” Matrixport’s...
Bitcoin Price Prediction for Today May 11: BTC Price Slides to $26.8K
Bitcoin Risks Falling to $25,200 as the BTC Price Slides to $26.8K – May 11, 2023 The largest cryptocurrency has...
SEC Chair Warns US Default Would Have ‘Significant’ and ‘Lasting Effects’ on Investors, Markets
Securities and Exchange Commission (SEC) Chairman Gary Gensler has warned that the U.S. Treasury defaulting on its debt obligations “would...
Goldman Sachs, Yellen Warn of US Default’s ‘Catastrophic Consequences’ — ‘There Is Real Risk to US Dollar’
A Goldman Sachs executive who also serves as the chair of a Treasury advisory committee has warned that a U.S....
Silvergate begins NYSE delisting process as it readies to cut 230 staff
The parent company of the defunct Silvergate Bank disclosed significant staff cuts and the delisting of its securities in an...
Big breath as Beacon Chain stops finalizing… and then recovers
The Ethereum mainnet briefly stopped finalizing transactions but recovered after 25 minutes. An unidentified issue on Ethereum’s Beacon Chain led...
Pepe would be ashamed by PEPE investors
Memes come and go, but greed, harassment and “community” are stalwarts of the crypto industry. Death threats, viral rap videos...
Safaricom M-Pesa receives Ethiopian mobile money license, ending state monopoly
The Kenya-based company already has 3 million mobile phone users in Ethiopia and plans to make it the 10th country...
Alameda’s $38B IRS bill, Do Kwon kicked in the assets, Milady frenzy: Asia Express
IRS wants $38B in unpaid taxes from Alameda, Milady token surges 3,000%, restraining order for Arthur Hayes over 3AC “threatening”...
US House financial committee tells SEC they don’t like custody proposal
The letter criticizes the proposed rule for its impact on the banking industry, particularly in ways that would be disadvantageous...
Federal Reserve’s FedNow will integrate with Metal Blockchain
The integration will allow users to instantly convert cash to stablecoin for use in DeFi protocols. The Federal Reserve’s forthcoming...
BlockFi users to get back $297M from Wallet accounts: Report
Return of funds does not apply to users of interest-bearing accounts, ruled U.S. Bankruptcy Judge Michael Kaplan. A United States...
BlockGPT launches ‘chat to earn’ ecosystem for training AI
A new Web3 initiative aims to build a ChatGPT-style artificial intelligence system on the blockchain. BlockGPT, a recently launched Web3...
