Twitter executive chairman Elon Musk alleged in a social media post that Meta is “cheating” over the release of Threads, a text-based social network resembling Twitter. While Musk wrote that he is fine with competition, he made it clear that he would not tolerate cheating. The billionaire’s remarks come after Twitter lawyer Alex Spiro sent a letter to Meta CEO…
The news surrounding BlackRock’s application for a spot Bitcoin (BTC) exchange-traded fund (EFT) sent the asset’s price from its local lows in mid-June to a strong monthly close of +12%. To most observers, this was a sign that institutional investment into the cryptosphere is once again on the horizon. A future approval of a spot ETF combined with rate cuts…
Some DAO members joked about the situation, while others believed an ulterior motive might be at play. Source: https://cointelegraph.com/public/index.php/news/barnbridge-dao-calls-halt-on-work-amid-sec-investigation
Worldwide traffic for the popular artificial intelligence (AI) chatbot ChatGPT has witnessed a decline from the month of May to June, suggesting a reduction in interest in the AI assistant tool developed by OpenAI. According to data estimates from the traffic analytics site Similarweb, desktop and mobile web traffic for ChatGPT dropped by 9.7% in June. In addition, the site’s…
Patrick Hillmann confirmed in a tweet that he would be departing the company “on good terms” after a two-year stint. The departure comes during a trying time fo… Source: https://cointelegraph.com/app/public/index.php/news/binance-cso-patrick-hillmann-departs-us-resignations-doj
The president of the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), Obinna Iwunna, has commented on the implementation progress of the Finance Act, 2023, signed into law on May 28. According to Iwunna, the successful execution of the law will be challenging due to its premature introduction. The act introduces a series of tax reforms aimed at modernizing the…
The creation of nonfungible token inscriptions on the Bitcoin (BTC) blockchain has led to over $210 million of trading volume for Bitcoin Ordinals, according to the latest quarterly report from DappRadar. The data, which has been independently verified by Cointelegraph, shows that Bitcoin Ordinals’ booming popularity led to a sharp increase in trading volume through the second quarter of 2023. Bitcoin…
The chief financial authority of Canada, the Canadian Securities Administrators (CSA), has confirmed its trust in the regulated futures market for crypto, which “promotes greater price discovery”. Apart from the United States, the Canadian market hosts a number of crypto exchange-traded funds (ETFs). On July 6, the CSA issued guidance to help fund managers comply with law requirements for investment…
Cross-chain bridge Multichain has reportedly lost crypto assets worth $126 million after being locked since May. The bridge has $1.25 billion in total liquidity for facilitating cross-chain transfers, per DeFiLlama. The team confirmed the exploit this morning in a tweet that assets locked were being “moved to an unknown address abnormally.” The lockup assets on the Multichain MPC address have…
Amid KuCoin exchange preparing to adopt mandatory Know Your Customer (KYC) checks, the company’s CEO argued that privacy is not the most important feature of Bitcoin (BTC). “When it comes to the purpose of Bitcoin creation, I think privacy is just one of its features,” KuCoin CEO Johnny Lyu told Cointelegraph in an interview on July 4. Instead of privacy,…
