An agreement in principle to extend the debt limit date, now at $3.4 trillion, has been agreed between US President Joe Biden and Representative Kevin McCarthy only days before the default date. The proposed compromise between the two sides would increase the debt ceiling for two years while imposing expenditure
May 28, 2023 1 min read
In Zanzibar, World Mobile has successfully launched its commercial telecom network. Zanzibaris may now make use of mobile data that is 50% less expensive than the national average thanks to World Mobile’s formal launch in the East African region. The release of World Mobile’s Android app on Google Play has
May 26, 2023 2 mins read
Despite delays and technical challenges that impeded the user experience, Nike has sold over $1 million of its first non-fungible token (NFT) sneaker collection through the .SWOOSH Web3 platform. Nike’s much-anticipated virtual creations didn’t go on sale until May 15, over a week after their initial May 8 launch date.
May 26, 2023 1 min read
Digital Currency Group (DCG), a venture capital firm, has decided to shut down its main brokerage subsidiary TradeBlock due to the general economic climate and the ambiguity surrounding crypto regulation in the United States. Led by Breanne Madigan, TradeBlock will reportedly begin winding down operations on May 31st. A company
May 26, 2023 1 min read
In light of the ongoing negotiations to raise the debt limit before the June 1, 2023 deadline, Rich Dad Poor Dad author Robert Kiyosaki has renewed his advice to invest in gold and Bitcoin. While investing in conventional assets in the financial sector is dangerous due to tighter market circumstances,
May 25, 2023 1 min read
Vitalik Buterin, the co-founder of Ethereum (ETH), recently addressed a conference gathering and referred to Solana as the most scalable blockchain. This remark has caused a stir in the community since it seems to suggest that Buterin agrees that Solana is more scalable than Ethereum. The token used by the
May 24, 2023 1 min read
In the Philippines, officials issued a warning to Gemini, a cryptocurrency exchange, for operating an unauthorized derivatives exchange. According to Bloomberg, the provincial stock market authority in the nation censured the company for doing business without the proper licenses. There are already plenty of problems for businesses operating in the
May 23, 2023 1 min read
Binance’s U.S. Head of Investigation BJ Kang was recently added to Russia’s list of 500 sanctioned individuals after the company hired him in October of last year. Vladimir Putin has a black list that includes many Americans, including New York’s Attorney General, Letitia James. Russia has retaliated against the United
May 23, 2023 1 min read
An attacker used a fraudulent contract to get access to thousands of votes and take complete control of the popular cryptocurrency mixer Tornado Cash. Paradigm’s web3 research analyst @samczsun was the first to notice the problem over the weekend. According to a tweet by user samczsun, the attacker claimed to
May 22, 2023 1 min read
U.S. prosecutors have filed charges against a Russian national who they say was involved in several ransomware scams. That together brought in about $200 million, most of it in cryptocurrency. Hospitals, schools, and even police stations were hit by ransomware attacks. Mikhail Pavlovich Matveev was a member of the Lockbit,
May 22, 2023 1 min read