A well-known finance personality, Peter Schiff, who is known for his negative stance on cryptocurrencies, has fallen victim to a Twitter hack. The hacker had taken over Schiff’s Twitter account and tweeted a link to a phishing site, promoting a fake $GOLD coin scam. The news of the hack was first reported when Schiff’s Twitter account was found to be …
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CoreWeave, a former Ethereum miner, has signed a billion-dollar deal with Microsoft for artificial intelligence (AI) computing. The contract could be worth billions over several years, although specific figures have not been released. The deal involves using CoreWeave’s cloud computing for OpenAI’s ChatGPT, a viral chatbot. CoreWeave Secures Contract with Microsoft CoreWeave, a leading Ethereum blockchain miner in the US, …
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Recent reports indicate that the Bitcoin network has witnessed an impressive $200 million in NFT sales during May. According to the CryptoSlam platform, NFTs based on Bitcoin have risen to the second spot for NFT sales per blockchain. It is worth noting that Bitcoin NFTs did not exist prior to the activation of inscriptions on the Bitcoin mainnet in January …
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The New York Stock Exchange has finally delisted Silveragte, a well-known bank in the cryptocurrency sector. Earlier, Silvergate had declared its intention to wind up its operations and banking services. This decision came after the downfall of FTX, a crypto exchange, which prompted Silvergate to assess its capability to keep functioning. Silvergate has been one of the leading two banks …
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The government in Bali has warned tourists and businessmen who pay for various services using crypto. Kompas, a local news publication reported that tourists were paying for services like meditation practices, motorbike rentals and even food using cryptocurrency. The authorities have said that there will be serious penalties like hefty fines or one year of prison. This decision was taken …
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Peter Schiff, a renowned adversary of digital currencies, is gearing up to release a set of NFT artworks called Bitcoin Ordinals. The collection will showcase a unique Ordinal that is integrated into the Bitcoin blockchain, along with a painting named “Golden Triumph“, which showcases a picture of a human hand clutching a gold bar. The collection will be auctioned in …
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A new bill has been approved by South Korea’s National Assembly, mandating high-ranking government officials and legislators to disclose their virtual assets in an assets report. The amendment to the Public Service Ethics Act now also covers virtual assets, such as cryptocurrencies, that were previously excluded from the assets report. The bill, approved on May 25, 2023, aims to enhance …
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The largest crypto exchange in the world, Binance, has declared that it plans to eliminate various trading pairs associated with the Australian dollar (AUD) from its platform on May 26, 2023. The move comes amid a range of issues, including PayID withdrawals and license cancellations. However, Binance has not provided any specific reasons for the removal of these trading pairs. …
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Huobi Global has been advised by the Securities Commission of Malaysia to stop all operations in the country. According to the regulators, the company has failed to register as a cryptocurrency exchange due to which this decision has been taken. The regulators have also directed the company to remove its applications from the Play Store as well as Apple App …
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Ripple’s legal battle with the Securities and Exchange Commission (SEC) regarding the cryptocurrency XRP has received a major boost, thanks to the US Supreme Court’s decision to support Ripple’s argument. This decision could have far-reaching implications for Ripple and the broader cryptocurrency industry, as the court recognized the need for legal principles to adapt to the changing times. Ripple Gets …
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