Whatsapp, the social media platform owned by Meta Inc., has stated that it would be impossible to comply with additional demands from Nigeria’s consumer protection agency. The social media platform argues that the Nigerian agency’s order compelling it to pay a $220 million fine contains multiple inaccuracies and misrepresents how the platform operates. The fine …
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Spot Ether ETFs were supposed to set the gold standard for ETH investing. Unfortunately, they still aren’t allowed to offer staking.
The two companies face antitrust probes in the US and EU over their partnership.
Former President Donald Trump says he could use crypto to pay off the US government’s $35 trillion national debt. The Republican nominee for president brought up the idea in a recent interview on Fox Business, though he didn’t elaborate on how. “Who knows, maybe we’ll pay off our $35 trillion [debt], hand ’em a little …
Japan is offloading billions of dollars in US Treasuries as it fights to prop up its currency. New numbers from the US Treasury Department show Japan sold $22 billion in Treasury securities in May, reducing its holdings to $1.1283 trillion. The move marks the second month in a row that Japan has reduced its massive …
Crypto assets and the stock market tumbled on Friday after the U.S. Bureau of Labor Statistics (BLS) published a report that painted a gloomy picture of the American job market. The BLS notes the US unemployment rate rose to 4.3% in July, its highest mark since October 2021. There were some employment gains in healthcare, …
German quantum breakthrough highlights need for particle physicists in crypto
Berkshire Hathaway is now holding onto a record $277 billion in cash as the economy teeters. Second quarter results show the investing giant led by Warren Buffett sold $75.5 billion worth of stock on a net basis in the period. The new round of selling brought the total amount of stocks sold by Berkshire in …
The crypto exchange giant Bybit pulled trading services from France this week due to regulatory issues. Bybit announced on Thursday that all accounts associated with French nationals and residents would shift to “close-only mode” the following day, blocking users from adding to or opening new positions. The exchange encouraged users to move their assets and …
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Dropbox co-founder Arash Ferdowsi just filed a $225 million lawsuit against JPMorgan Chase, accusing the financial giant of mismanaging his investment portfolio and squandering hundreds of millions of dollars. The suit alleges JPMorgan Private Wealth Advisors steered Ferdowsi into “complex, low-performing” investments with exorbitant fees, causing over $225 million in damages. Specifically, Ferdowsi claims JPMorgan …
QCP Capital has reported a significant reversal in the crypto market, with bitcoin (BTC) prices retracing from recent highs. This shift comes amid an influx of bitcoin supply and worsening macroeconomic conditions. QCP Analysts Highlight Market Correction Driven by Bitcoin Supply Surge and Bearish Macro Sentiment In its recent market note, QCP Capital observed that …
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The Orissa High Court in India has reaffirmed that cryptocurrency trading and transactions are neither banned nor deemed illegal in India. Citing the legality of crypto, the court granted bail to Sandeep Chowdhury, CEO of Yes World, who was accused of defrauding investors through a Ponzi scheme disguised as a cryptocurrency business. Orissa High Court …
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WienerAI (WAI) has proven to be one of the biggest crypto projects of the summer, with investors flocking to the token as the presale draws to a close. With WAI raising over $9 million ahead of its initial DEX listings on Monday 5th August, excitement is building around this new AI meme coin. Last Chance …
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In July, bitcoin miners earned $951.11 million, marking the lowest monthly revenue of the year. Out of this total, $24.9 million was generated from transaction fees, reflecting a trend of low onchain fees. July Bitcoin Mining Revenue Plummets to a 2024 Low The month was particularly challenging for bitcoin miners, as earnings hit their lowest …
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PRESS RELEASE. Taipei, Taiwan —The Open Summit, the largest TON summit this summer, is set to be a landmark event for the global TON community. Powered by TONX and supported by the global TON community, the summit will take place from August 6-8, 2024, at the Taipei Nangang Exhibition Center TaiNEX2, as a part of …
