The clarification comes after a news report stated Musk’s AI startup has discussed sharing its technology with Tesla and in return would earn revenue from the carmaker. Source: https://cointelegraph.com/news/elon-musk-tesla-sharing-revenue-x-ai?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: September 2024
Friend.tech Team Renounces Control Over Smart Contracts
Friend.tech, the struggling decentralized social media application, has announced a major update to its platform, setting the admin and ownership parameters of its smart contracts to the address 0x000…000. This move effectively renounces control over these contracts, ensuring that no future changes can be made to their fees or functionality. The web client at friend.tech […] Source: https://news.bitcoin.com/friend-tech-team-renounces-control-over-smart-contracts/
Westlake Police Issue Alert on Blackmail Scams Involving Bitcoin
Westlake Police are cautioning residents about a rise in blackmail scam emails. Scammers claim they have been monitoring recipients’ online activities and demand payment, typically in bitcoin or gift cards, to prevent exposing personal internet habits. These emails may appear highly personalized, using details like the recipient’s name, address, or even attaching photos of their […] Source: https://news.bitcoin.com/westlake-police-issue-alert-on-blackmail-scams-involving-bitcoin/
Tether Invests $100 Million in Latam’s Agricultural Giant Adecoagro
Tether, the USDT stablecoin issuer, has acquired 9.8% of Adecoagro, a Latin American-based agricultural giant. In a move described by Argentine media as surprising, the company invested $100 million to diversify its investments in the agricultural and food sectors. Adecoagro, valued at over a billion dollars, has a direct presence in Argentina, Brazil, and Uruguay. […] Source: https://news.bitcoin.com/tether-invests-100-million-in-latams-agricultural-giant-adecoagro/
Istanbul Police Arrest Omegapro Managers Over $4 Billion Crypto Fraud Scheme
Two managers from the now-defunct crypto fraudulent investment platform Omegapro were arrested in Istanbul, according to Turkish media reports. Dutch executive Robert Velghe was arrested Tuesday, following the July arrest of Swedish co-founder Andreas Szakacs. Omegapro, founded in 2018 and registered in Saint Vincent and the Grenadines, allegedly defrauded investors out of $4 billion by […] Source: https://news.bitcoin.com/istanbul-police-arrest-omegapro-managers-over-4-billion-crypto-fraud-scheme/
Demand for Yen stablecoins is ‘only a matter of time’ — Brad Garlinghouse
Ripple CEO Brad Garlinghouse says that Japan’s efforts on regulatory clarity has allowed “entrepreneurship and investment to really thrive.” Source: https://cointelegraph.com/news/japan-stablecoins-yen-ripple-brad-garlinghouse-interview?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Memecoin Master Discusses Current Cycle
Rex took the stage at a memecoin-focused side event and surprised the audience with something rare in the memecoin world: thoughtful analysis. KOL Who Called PEPE, BRETT, and WOLF Talks Memecoin Strategy Rex was a speaker at a Memecoin-focused side event. Of all the speakers, he was the least hyperbolic, and had the most substantive […] Source: https://news.bitcoin.com/memecoin-master-discusses-current-cycle/
CFTC submits emergency motion to block Kalshi's election betting contracts
The CFTC asked the court to block Kalshi from offering election betting contracts until it reviews the reasoning for the denial of its order. Source: https://cointelegraph.com/news/united-states-prediction-markets-kalshi-cftc-emergency-motion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
UBS: European Real Estate Markets Enter New Cycle
UBS reported on Thursday that European real estate markets appear to be entering a new investment cycle, with key indicators pointing to stabilization. “A new cycle starts,” the report said, as investment volumes show signs of bottoming out. After a period of inflation and rising interest rates, the UK saw a 6.5% quarter-on-quarter growth in […] Source: https://news.bitcoin.com/ubs-european-real-estate-markets-enter-new-cycle/
Mark Cuban Warns Kamala Harris’ Unrealized Gains Tax Will Kill Stock Market
Billionaire Mark Cuban warned that taxing unrealized gains would “kill” the stock market but believes Vice President Kamala Harris would not prioritize this policy. While Harris supports parts of President Biden’s tax plan, Cuban emphasized it is not her final stance. He also raised concerns about the policy’s impact on early-stage companies struggling with cash […] Source: https://news.bitcoin.com/mark-cuban-warns-kamala-harris-unrealized-gains-tax-will-kill-stock-market/