Bitcoin (BTC) speculators panic sold as the BTC price corrected toward $40,000, the latest on-chain data suggests. Figures from on-chain analytics firm Glassnode show short-term holders (STHs) offloading more than $2 billion in BTC on Dec. 12 alone. Bitcoin short-term holders set 18-month selling record Bitcoin saw its biggest single-day drop of 2023 this week — one which at one…
Dominic Williams, founder and chief scientist at Dfinity, says blockchain technology and its decentralized and trustless nature, gives it a unique ability to assist in the fight against climate change. Williams told Cointelegraph there are three ways in which blockchain can address climate challenges. Blockchain networks can support the creation of trustless infrastructure that offers incentives for climate action, increases…
Binance Holdings and its former CEO Changpeng Zhao have reacted to a move by the U.S. Securities and Exchange Commission (SEC). The SEC has filed to include Binance’s admission of guilt to the Department of Justice (DOJ) in its own legal proceedings. In the filing submitted to the U.S. District Court for the District of Columbia, Binance insisted the SEC’s attempt…
Deutsche Bank’s asset management arm, DWS, is forming a new venture with Michael Novogratz’s Galaxy Digital and Flow Traders to jointly issue a euro-denominated stablecoin. DWS Group officially announced on Dec. 13 the plan to form AllUnity as part of a new partnership between DWS, Flow Traders and Galaxy to launch a “fully collateralized” euro stablecoin. AllUnity’s operations will be…
Elon Musk, CEO of Tesla and executive chair of X (formerly Twitter), has revealed a new prototype of Tesla’s humanoid robot, Optimus, which has become lighter and faster than previous versions. Musk shared a video presentation of Optimus Gen 2 via his X (former Twitter) account on Dec. 13. Optimuspic.twitter.com/nbRohLQ7RH — Elon Musk (@elonmusk) December 13, 2023 According to the…
Line Next, a venture dedicated to the growth of nonfungible token (NFT) ecosystem, has raised $140 million as it prepares to launch a global NFT marketplace in January 2024. The Line Next venture branched out of the popular WhatsApp-like messaging app from South Korea, Line, which is dedicated to exploring Web3 initiatives. Peter Thiel-backed private equity firm Crescendo Equity Partners…
Howard Lutnick, the CEO of Wall Street firm Cantor Fitzgerald has praised stablecoin issuer Tether (USDT), describing himself as a “big fan” of the firm. “I’m a big fan of this stablecoin called Tether…I hold their treasuries. So I keep their treasuries, and they have a lot of treasuries,” Lutnick said in a Dec. 11 interview with CNBC. “They’re over…
El Salvador’s National Bitcoin Office says its $1 million Freedom Visa program has already received hundreds of inquiries since its launch on Dec. 7, and expects it to fully sell out be In emailed comments to Cointelegraph, a spokesperson for El Salvdor’s National Bitcoin Office (ONBTC) said that it had received hundreds of inquiries and “many dozens of applications” both…
AI Eye: 98% of deepfakes are porn — mostly K-pop stars — Grok is no edgelord, and Fetch.AI boss says OpenAI needs to “drastically change.” Source: https://cointelegraph.com/news/https://cointelegraph.com/magazine/deepfake-deep-throat-woke-grok-open-ai-problem-fetch-ai-ai-eye/
The United States Securities and Exchange Commission said it served its lawsuit to HEX founder Richard Schueler — aka Richard Heart — at his house in Finland’s capital of Helsinki. In a Dec. 11 New York District Court filing, the SEC said it served Heart through substitute service on Oct. 31 — an alternative for when a suit can’t be…
