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X in talks to raise money at a $44B valuation

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Elon Musk’s X is in talks to raise money from investors at a $44 billion valuation, Bloomberg News reports. Musk purchased X, formerly known as Twitter, for the same price back in 2022. The news comes as Fidelity Investments marked down its Twitter stake back in December by around 70% from the 2022 sale price … Read more

Bumble sunsets acquired apps, Fruitz and Official, to cut costs

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Bumble is discontinuing its two acquired apps, the dating and relationship apps Fruitz and Official. The move was shared during the company’s fourth-quarter earnings call. As explained by CEO Lidiane Jones during the call, the choice to discontinue Fruitz, a French dating app, and Official, an app designed to help couples strengthen their relationships, allows … Read more

Ethereum L1 Monad Joins Forces With Near-Based Orderly Network for DeFi Boost

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Monad, an Ethereum Virtual Machine (EVM) layer-1 blockchain about to launch its testnet, has joined forces with Orderly Network, a decentralized exchange (DEX) infrastructure built on the Near blockchain and supporting a range of other chains, as the platforms spread their nets wide in anticipation of a second decentralized finance (DeFi) summer. The arrival of … Read more

Fiverr wants freelancers to create AI models

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The freelance service platform Fiverr will now let creators train AI models on their own work. Clients can then purchase access to custom AI models and generate content “with the speed of AI with the expertise of a pro,” the company says. The feature is part of its new Fiverr Go suite of tools, allowing … Read more

EToro Secures MiCA License From Cyprus to Offer Crypto Services Across EEA

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EToro said it received regulatory approval under the European Union’s Markets in Crypto-Assets (MiCA) framework and will soon be able to provide cryptocurrency trading and custody services across the region. The trading platform announced the approval from the Cyprus Securities Exchange Commission on Wednesday. The MiCA regulation that requires firms to acquire a crypto asset … Read more

Bitcoin Rewards App Fold Volatile in Wall Street Debut

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Bitcoin rewards financial services firm Fold Holdings (FLD) debuted on the Nasdaq stock exchange on Wednesday with shares surging higher in early action before pulling back. The firm went public via business merger with FTAC Emerald Acquisition Corp. (FTAC), a publicly traded special purpose acquisition company (SPAC). FLD jumped more than 30% above $13 in … Read more

Entity Framework 8 – Partial Classes Tricks You Should Know About

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This article demonstrates several techniques for using partial C# classes to address common issues in EF 8/ASP.NET8. Abstract: In EF 8 – Database First approach the generated EF classes cannot be directly extended with additional functionality since they are overwritten when the model is regenerated. To overcome this, we can leverage partial C# classes. This … Read more

U.S. Crypto Investors Are Still Piling Into Memecoins Despite the Huge Risks: Kraken

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Crypto investors are still piling into memecoins despite the outsized risks associated with this type of digital asset, Kraken said in a report on Wednesday, after conducting a survey of holders in the U.S.. 85% of respondents said that they invested in memecoins, and 76% said they believed the “potential rewards justify the risks.” Somewhat … Read more

Binance.US Restores US Dollar Deposits and Withdrawals After Surviving Chokepoint 2.0

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Binance.US, a regulated cryptocurrency exchange serving American customers, has finally seen its US dollar fiat services restored, after the firm’s ability to handle USD deposits and withdrawals was choked out of existence under the Biden administration. Access to fiat services begins Wednesday and will be gradually rolled out to all eligible customers over the coming … Read more

Bitcoin Not to Be ‘Lumped Together’ With Crypto: Czech Central Bank Chief Michl

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Czech National Bank Governor Ales Michl on Wednesday continued his campaign for possibly adding bitcoin (BTC) to the central bank balance sheet, including encouraging words for those frustrated by the reputational damage inflicted on bitcoin by the broader crypto market. The crypto market will experience “failures and successes,” wrote Michl in a longish X post. … Read more

EV truck maker Nikola goes bust

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Struggling electric truck company Nikola said it was filing for Chapter 11 bankruptcy protection on Wednesday and would sell off its assets, effectively ending a challenging journey punctuated by rapid cash burn, allegations of fraud, and the incarceration of its first CEO and founder. Nikola said it would seek an auction and sale process, pending … Read more

CoinDesk 20 Performance Update: Aptos (APT) Surges 16.6% as All Assets Trade Higher

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CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3194.09, up 3.3% (+101.56) since 4 p.m. ET on Tuesday. All 20 assets are trading higher. Leaders: APT (+16.6%) and LTC (+7.3%). Laggards: BTC (+2.4%) and ADA (+2.4%). The … Read more