Tue, November 26

Jack Dorsey Beta-Testing “Bluesky” App Amid Elon Musk’s Twitter Deal

Bluesky, a decentralized social network, is aiming for the beta test. Bluesky would act as a robust and transparent norm for public conversation. Jack Dorsey, the co-founder and former CEO of Twitter is beta-testing a new social networking platform. Dorsey had announced that his decentralized social service Bluesky was calling

October 29, 2022 1 min read

Binance Endorsed $500 Million Investment in Musk’s Twitter Takeover

Binance first made its intentions to support Musk’s purchase of Twitter known in an SEC filing in May of this year. Musk reportedly sealed the deal to acquire Twitter for $44 billion late on Thursday. Binance, the biggest cryptocurrency exchange in the world, stated that it has invested shares in

October 29, 2022 2 mins read

$57 Million New Lawsuit Filed Against Do Kwon by Investors

The class action complaint claims Kwon and his colleagues lied to investors. South Korean officials reportedly filed an arrest order for him in September. Investors who lost roughly $57 million in the UST de-pegging incident have launched a lawsuit against Terraform Labs’ founder, Do Kwon. The class action complaint claims

October 29, 2022 2 mins read

El Salvador Signs MoU With Lugano to Boost Bitcoin Adoption

El Salvador plans to build a “Bitcoin office” in Lugano. Tether has launched a project dubbed “Plan B” to turn Lugano into a crypto center. A memorandum of understanding on economic cooperation between El Salvador and the city of Lugano, Switzerland, was signed with the goal of increasing Bitcoin use

October 29, 2022 1 min read

Dogechain (DC) Witnesses a Dramatic Price Surge, With a Weekly Gain of 452.0%

Dogechain (DC) is 24.5% up in the last 24 hours, now trading around $0.00285350. The Dogechain community took an initiative, “The Great Burn” community vote from October 23 to 28. Dogechain (DC), the governance token of the Proof-of-Stake (PoS) based Dogechain ecosystem, is witnessing a dramatic price surge during the

October 29, 2022 2 mins read

Bitcoin Breakouts the Slope and Sets Best Week in Three Months

Bitcoin price increased by around 7% in the last 7 days. Ethereum climbed by over 21% with a market cap of 193 $billion. The king of cryptocurrency Bitcoin (BTC), surged beyond $20,000 and fueled the bullish in the crypto market. Following that, the global cryptocurrency market is in a gradual

October 29, 2022 2 mins read

Stablecoin Regulation Bill Passed by United Kingdom Authorities

Stablecoins were included into the new law by the House of Commons. Griffith also brought up the prospect of a digital pound being introduced. U.K. Prime Minister Rishi Sunak has been selected. Sunak is an advocate for cryptocurrencies, and he hopes to see the United Kingdom become a center for

October 28, 2022 1 min read

$2500 Fine For Misleading Information Being Reinstated by PayPal?

On November 3rd, the new restricted-expression policy will go into effect. It has the ability to initiate automatic withdrawals from users. Rumor on social media platforms is that PayPal has reinstated its $2,500 fine for each time the business determines a user has posted false information. The financial services behemoth

October 28, 2022 2 mins read

Hong Kong Turns to Legalize Retail Crypto Trading

Hong Kong is turning toward a friendlier regulatory framework for cryptocurrencies with a plan to authorize retail trading. Retail trading will be permitted via a planned required licensing program for cryptocurrency platforms, which is expected to go into effect in March upcoming year. The plans come despite the city’s skepticism

October 28, 2022 1 min read

Will Binance CEO Stand by Financial Backing of Musk’s Twitter Bid?

CZ pledged to support the offer when it was made public in April. Earlier this year, Musk discussed with other cryptocurrency billionaires how they may decentralize Twitter. Binance is most likely to honor its commitment to contribute $500 million to Elon Musk’s attempt to acquire Twitter for $54.20 a share.

October 28, 2022 1 min read