Month: February 2023
Bankrupt Lending Platform Celsius Names Users Eligible to Withdraw Assets
Users named on the list can withdraw 94% of their assets locked on the lending platform provided they can cover the withdrawal fees.
Bitcoin meets FOMC after 39% January gains with Fed path ‘uncertain’
The second best January on record for BTC price action comes face-to-face with differing opinions on U.S. economic policy.
Jony Ive has designed a ‘magically transforming’ Red Nose
The new Red Nose for 2023. | Image: Comic Relief Former head Apple designer Jony Ive has taken on an unusual brief: designing the iconic Red Nose that symbolizes the British charity Comic Relief. The new Red Nose is made mostly from plant-based materials and transforms from a small flat crescent into a honeycomb-paper sphere. … Read more
Google is reportedly testing an alternate home page with ChatGPT-style Q&A prompts
Photo by PAU BARRENA/AFP via Getty Images We know Google is currently freaking out about AI chatbot ChatGPT, but a report from CNBC offers new details about how the search giant is apparently marshaling its response. According to CNBC, Googlers are currently testing an AI chatbot of their own called “Apprentice Bard,” which offers responses … Read more
Tesla’s bitcoin holdings suffered a $140 million net loss last year
Photo by Artur Widak/NurPhoto via Getty Images Tesla has revealed that its bitcoin holdings lost $204 million of value last year In a new regulatory filing, which was partially offset by gains of $64 million from converting the digital currency into fiat. Overall, it suggests the company’s bitcoin investment resulted in a net loss of … Read more
Bitcoin and Hang Seng’s Stalled Rally Might Mean Wider De-Risking Ahead, TradFi Firm Says
Failures in BTC and Hang Seng are technical warnings signs that these early 2022 halcyon vibes may not last all year, one observer said.
Here’s why India held on to older crypto reforms in national budget 2023
Experts opine that the Indian government needs more data and time to decide on rigid tax policies, given it has been only ten months since the tax laws were introduced in March 2022.
South African digital lender Lulalend to launch banking product off the back of $35M Series B
In most African countries, access to credit remains limited for many small businesses, with the reasons ranging from the inability to pay collateral and lack of credit history to unfavorable lending criteria and high-interest rates. Banks and governments have tried to address this gap across different African markets by implementing several loan initiatives, but there’s … Read more
Blockchain Company SIMBA Chain Received $30M Funding Increase From US Air Force
The USAF has granted SIMBA Chain a $30 million STRATFI as part of its aims of “identifying and advancing technologies that have the potential to secure its future dominance.”
My Big Coin Founder Gets 8-Year Jail Sentence for Fraud
Randall Crater, 52, was convicted in July of defrauding investors of more than $6 million.
ARK Invest Maintains Prediction That Bitcoin Prices Will hit $1M by 2030
A new report by Cathie Wood’s growth-focused fund outlines how bitcoin continues to outperform every other major asset class.
Bitcoin Miner Argo Blockchain’s CFO Alex Appleton Quits
Alex Appleton, who has served in this role since September 2020, is departing to “pursue other opportunities.”
Tiger Global says India returns have ‘sucked historically’ but bullish on future prospect
Tiger Global believes India is likely to produce the highest equity returns globally in the future, its partner Scott Shleifer said on an investor call Tuesday, even as he admitted the investor giant has made way more money in China and the U.S. “We think it will be the best place to invest,” said Shleifer … Read more
Bankrupt Crypto Exchange FTX had Around $1.4B Cash at 2022-End
The figure is around 19% higher than the $1.2 billion reported in November when FTX filed for bankruptcy.
Market Maker B2C2 Teams With Blockdaemon, Stakewise to Provide Ethereum Staking Liquidity
B2C2 says it will be the sole over-the-counter spot liquidity provider for the staked ether token sETH-h built on liquid staking platform Portara.
ValueBase, backed by Sam Altman’s Hydrazine, raises $1.6 million seed round
OpenAI CEO Sam Altman believes AI can help usher in “unbelievable abundance,” but he says he wants to ensure that such abundance is shared. Toward that end, Altman has embraced a theory of 19th century political economist Henry George, who in his own lifetime worried about wealth amassing in the hands of the few following … Read more
MUFG, Japan’s largest bank, launches $100M fund for Indonesian startups
MUFG, Japan’s largest bank by market cap, announced today the launch of a $100 million fund focused on Indonesian startups. The fund, a collaboration between MUFG subsidiaries MUFG Innovation Partners, MUFG Bank and Indonesian commercial bank Danamon, is called MUFG Innovation Partners Garuda No. 1 Limited Investment Partnership. The fund, which is the third one … Read more
Bitcoin Could be in the Later Stages of the Bear Market, On-Chain Data Suggests
Bitcoin has rallied 40% in the past 30 days, data shows.
Bitcoin Price Could Reach $45,000 by Christmas 2023: Matrixport
When bitcoin’s performance is positive in January, the rally tends to continue, the report said.
Celsius publishes list of users eligible to withdraw majority of assets
Eligible creditors will not be able to withdraw their funds from Celsius unless they update their accounts with AML and KYC data.
Cardano-Based Djed Stablecoin Attracts 27M ADA Tokens as Reserve Backing
Djed started on Tuesday and has a collateral backing ratio of 600% at the time of writing.
Snapchat now has more than 2 million paid subscribers
Snapchat has more than 2 million paid subscribers on its Snapchat+ program, the company said during its latest earnings report. Snap noted that the paid plan, which costs $3.99 a month, is a part of “diversifying” its revenue pipelines. The social network first launched Snapchat+ in June 2022 in countries like the US, Canada, the … Read more
Bitcoin UTXOs Older Than 5 Years Surged During Bear Market
UTXO or unspent transaction output is the amount of bitcoin someone is left with after executing a transaction.