September 9, 2022

US lawmakers call on Mark Zuckerberg to address ‘breeding ground’ for crypto scams: Report

US lawmakers call on Mark Zuckerberg to address ‘breeding ground’ for crypto scams: Report

A Federal Trade Commission report from June identified Facebook, Instagram and WhatsApp among the top platforms for crypto fraud originating on social media. A group of Democrats from the United States Senate has reportedly asked Meta CEO Mark Zuckerberg to provide details on the social media giant’s policies addressing cryptocurrency fraud. According to a Friday […]

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The Metaverse Enjoys Potential to Revamp Existing Brand Marketing, HashCash CEO Says

The Metaverse Enjoys Potential to Revamp Existing Brand Marketing, HashCash CEO Says

Thanks to a 7,200% surge in internet search volumes last year, the metaverse will be a revolutionary innovation that will reshape brand marketing, according to HashCash Consultants CEO Raj Chowdhury. Chowdhury acknowledged: “A captivating and innovative user experience must gain priority in brands planning to explore and implement metaverse marketing strategies. Revenue generation and process viability are crucial,

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Thai Regulator Accuses Digital Asset Service Provider of Failing to Comply With Information Request – Matter Referred to Law Enforcement

Thai Regulator Accuses Digital Asset Service Provider of Failing to Comply With Information Request – Matter Referred to Law Enforcement

Thailand’s securities regulator recently said it had referred digital asset service provider Zipmex and its Thai unit chief executive officer, Akalarp Yimwilai, to a technology crime division of the Royal Thai Police. The regulator said it made decision after Yimwilai and his company failed to comply with the request to furnish an official with information

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First Mover Americas: Bitcoin Jumps Most in Six Months, as ‘Powell Pivot’ Speculation Returns

First Mover Americas: Bitcoin Jumps Most in Six Months, as ‘Powell Pivot’ Speculation Returns

The latest price moves in crypto markets in context for Sept. 9, 2022. Price Point: Bitcoin posts its biggest daily gain in six months, surging past $20,000 on speculation the Federal Reserve could quickly pause or reverse monetary-policy tightening as the U.S. economy slides into recession. Market Moves: CoinDesk rolls out a new broad-market gauge of digital-asset

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Japanese gov’t issues NFTs to reward local authorities’ work

Japanese gov’t issues NFTs to reward local authorities’ work

A total of seven mayors received the NFT awards for various initiatives they undertook to ease the lives of the public in their respective regions. The Japanese government has become one of the first to issue nonfungible tokens (NFTs) as a form of supplementary rewards to recognize the work of local authorities who have excelled at using

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WHITE HOUSE SUGGESTS BANNING PROOF-OF-WORK MINING USED BY BITCOIN

WHITE HOUSE SUGGESTS BANNING PROOF-OF-WORK MINING USED BY BITCOIN

The report discusses bitcoin’s energy use and its negative effects on the environment while suggesting possible executive action in the future. Per President Biden’s executive order, the White House Office of Science and Technology submitted its report on bitcoin mining’s climate impact. The report alludes to possible executive orders and legislation from congress to “limit” or

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Global NFT Market Expected to Hit .6B by 2028, Recording a CAGR of 31.6%

Global NFT Market Expected to Hit $97.6B by 2028, Recording a CAGR of 31.6%

Since non-fungible tokens (NFTs) help build authentic intellectual property, this is one of the key drivers expected to push the sector to a $97.6 billion valuation by 2028, according to a report by Research and Markets. NFTs are viewed as stepping stones towards more economic prospects. This is the other key driver anticipated to render more growth

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Vulnerability report highlighted attack that could have taken down the Avalanche Network

The Block QUICK TAKE A vulnerability report was released highlighting an attack that could have taken down the entire Avalanche Network. The vulnerability has since been patched. A vulnerability report was released to the public earlier today highlighting an attack that could have taken down the entire Avalanche Network, one of the largest Layer 1

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USDT: Binance action spurs >$15B gap but battle is not yet over

Source: Canva Circle [USDC] has kept Tether [USDT] on its toes in the stablecoin superiority fight since the start of 2022. However, the recent Binance decision to convert other stablecoins except for USDT to Binance USD [BUSD]  has dealt USDC’s mission a big blow. A few days after the exchange announcement, the market’s signs have begun to reflect. At

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$BTC: Crypto Analyst Who Predicted May 2021 Market Crash: ‘Now Is the Time to Buy’ Bitcoin

A popular cryptocurrency analyst who predicted May 2021’s Bitcoin ($BTC) market crash has suggested that based on a little-known model, “now is the time to buy” the flagship cryptocurrency, and not to sell it. In a series of tweets, the pseudonymous analyst known as Dave the Wave shared with his over 125,000 followers on the

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