Charlie Munger, the Vice Chairman of Berkshire Hathaway and Warren Buffett’s right-hand man, reiterated his stance against Bitcoin and the entire crypto industry. This time, the American billionaire investor urged the United States government to ban all cryptocurrencies as they are bound to cause more harm than good. Munger Attacks Again In an opinion published...Read More
Mark Zuckerberg’s Metaverse bid proved costly for the company amidst a persistent bear market as Reality Labs lost $13.7 billion in 2022. According to Meta’s earnings release, the company’s metaverse arm recorded an operating loss of $4.28 billion in the fourth quarter, dragging down its total for the year. Facebook was rebranded as Meta in...Read More
Roger Ferguson – former vice chairman of the Federal Reserve – has offered his analysis of the central bank’s latest interest rate hike and the press conference that followed on Wednesday.. Ferguson believes that the Fed and the market do not agree on what the central bank will do next. The latter, he claims, is...Read More
Ray Dalio – founder of Bridgewater Associates – doubts Bitcoin’s ability to work as money, and thinks it receives outsized attention compared to the size of its market cap. That said, the billionaire believes the existing monetary system is “in jeopardy,” due to excessive money printing by central banks globally. Bitcoin: Not Related to Anything...Read More
OP – the governance token of Ethereum layer 2 scaling solution Optimism – surged by more than 30% over the past 24 hours from $2.23 to $2.92, hitting a fresh all-time high. The price action comes after Optimism Foundation released a proposal regarding upgrading the Optimism mainnet to Bedrock. The proposal stated that the upgrade...Read More
[PRESS RELEASE – Please Read Disclaimer] CryptoGames, a leading cryptocurrency-based online gaming platform, has recently announced the addition of Binance Coin (BNB) as a payment option. This is great news for the platform’s users who can now enjoy seamless transactions with their Binance Coin wallets. The integration of Binance Coin will not only offer faster...Read More
Mark Wahlberg’s production company – Urealistic Ideas – reportedly partnered with the media outlet – Fortune – to release a documentary revealing the controversial relationship between Sam Bankman-Fried (SBF) and Changpeng Zhao (CZ). The FTX crash caused a clash between the two, who accused each other of the catastrophic event. Making a Movie out of...Read More
[PRESS RELEASE – Please Read Disclaimer] Bitget continues to make copy trading more accessible to cryptocurrency enthusiasts. Their new One-Click Copy Trading product, helps novice users take cues from experienced traders. Leading cryptocurrency exchange Bitget has built strong momentum by supporting cryptotrading. As a result, users can trade cryptocurrency in a secure environment and benefit...Read More
[PRESS RELEASE – Seattle, Washington, 1st February 2023] Peer today announced the hiring of a specialist team of engineers from Zenly to develop its AI-powered 3D maps. The team, known in tech circles by its codename “Wonka,” developed Zenly’s innovative 3D social maps platform that grew to more than 160 million downloads worldwide and 35...Read More
For several months, the SEC has been under fire for its actions. It was unsuccessful in preventing the FTX from collapsing and saving investors millions of dollars. It has a long-running lawsuit against Ripple and a recently concluded lawsuit against LBRY. U.S. Securities Exchange Commission (SEC) Chairman Gary Gensler has been criticized by Minnesota Senator...Read More
Michael Burry – the famous American investor and hedge fund manager who predicted the 2008 financial crisis – deleted his personal Twitter account. In his latest tweet from last night (February 1), he advised investors to “sell.” However, most markets, including the cryptocurrency one, surged after the Federal Reserve increased the interest rates from 4.5%...Read More
South Korean law enforcement agents have reportedly arrested Kang Jong-hyun – the owner of the leading cryptocurrency exchange Bithumb. Prosecutors claim he had manipulated stock prices and embezzled nearly $50 million. Facing Possible Prison Time According to local coverage, Kang Jong-hyun – thought to be the actual owner of Bithumb – was detained today (February 2)...Read More
In its latest e-trading trends survey of 835 institutional traders, investment bank JPMorgan attempted to gauge market sentiment for the coming year. However, the findings appear very conflicted, especially concerning digital assets and trading. A question regarding electronic trading, which included crypto, commodities, and derivatives, saw an overwhelmingly positive response. “100% of responding traders predicted...Read More
The FTX Group of companies undergoing bankruptcy proceedings extended the preliminary bid deadline for its Japan and Europe affiliates as administrators scramble to raise funds to help pay back creditors. According to the Bloomberg report, the court filing said the new deadline has been set for March 8, while the auction date has been moved...Read More
Self-sovereign financial services provider BonqDAO has been exploited through an oracle hack leading to the theft of $110 million in crypto from the protocol. During the exploit, the attacker managed to manipulate the price of AllianceBlock wrapped tokens (wALBT) and made away with 100 million wALBT worth over $10 million. What Happened? An analysis by...Read More
Run towards a bullish weekend! The cryptocurrency market has opened the market on a positive note as the majority of large cap cryptocurrencies have turned bullish. This bull rally is led by the first born crypto, Bitcoin price which has now jumped above $23,500 level and is strongly moving towards $24K. It’s just not that,...Read More
Two weeks ago, a little-known crypto exchange called Bitzlato was shut down in a raid coordinated by Europol and spearheaded by French and American authorities. Now, the company’s founder believes it will soon resume operations. A Coordinated Effort The sting operation was carried out in the two aforementioned countries, as well as Portugal, Spain, and...Read More
One of the leading bitcoin miners – Argo Blockchain – announced that its CFO and Executive Director Alex Appleton resigned from his position. Several other crypto (or related) executives have abandoned their posts during the prolonged bear market. Such examples are Sam Bankman-Fried of FTX, Alex Mashinsky of Celsius Network, Jesse Powell of Kraken, Michael...Read More
Binance – the world’s largest cryptocurrency exchange – announced on Wednesday a feature that will allow its community to easily provide the company with comments and feedback. The tool will let users effectively participate in forming Binance’s product roadmap. Listening to the Community In a press release shared with CryptoPotato on Wednesday, Binance said the...Read More
