VeChain has announced a partnership with the Ultimate Fighting Championship (UFC) to introduce tokenized gloves. These gloves, equipped with near-field communication (NFC) chips, will track fight data and authenticate the gloves’ genuineness through the VeChainThor network. These gloves will debut at UFC 300 on April 13. They will be tokenized to record and preserve their […]
Hollywood Performers and Major Record Labels Strike AI Protection Deal
A tentative agreement over minimum salary increases and an AI protection deal has been agreed by Hollywood celebrities and media workers with major record companies, including Warner Music Group and Sony Music Entertainment. Hollywood Performers Strike AI Protection Deal According to Reuters, a provisional agreement that includes restrictions against the use of artificial intelligence (AI) […]
Bitcoin Less Useful Than a Pet Rock, Says Peter Schiff
Peter Schiff, a well-known critic of cryptocurrencies, recently reiterated his skepticism towards Bitcoin (BTC) on the X social media platform. In his post, Schiff compared Bitcoin’s utility unfavorably to that of a pet rock, highlighting the cryptocurrency’s limited practical uses. He contrasted this with items like rocks, which can serve as paper weights or decorations. […]
Gemini Co-Founders Inject Bitcoin For Stakes In Bedford FC
The Winklevoss brothers have invested $4.5 million of Bitcoin (BTC) into Real Bedford Football Club (RBFC), a move that makes them co-owners with Peter McCormack. Bedford FC Eyes Premier League Ascension With Bitcoin Injection Cameron Winklevoss says the trio is trying to create the first-ever football club powered by Bitcoin. According to the announcement from […]
Grayscale Files Updated S-1 Prospect for Bitcoin Mini Trust
Grayscale has filed an updated prospect with the SEC for its Bitcoin Mini Trust. However, despite mentioning earlier that the reason for the mini-trust launch was a lower fee, the filing does not contain the fee structure as such. Grayscale Files Updates S-1 Prospectus With the ticker BTC, Grayscale has now filed an updated S-1/prospectus […]
Adam Back Calls Bitcoin ‘Super Cheap’ at Current Levels
Adam Back, the CEO of Blockstream, has just stated that Bitcoin is “super cheap” at its current market price of $66,720. This statement comes after a 4.77% fall in Bitcoin’s value. Back implies that the market does not fully understand the value of Bitcoin. He is of the opinion that a few bear markets are […]
Ex-Security Engineer Gets 3-Year Sentence for $12M Crypto Hack
A former security engineer, Shakeeb Ahmed, has been jailed for three years for his role in appropriating over $12 million from two cryptocurrency exchanges. The sentencing was given by a federal judge who also imposed a three-year period of supervised release. Details of the Crypto Exchange Hacks Shakeeb Ahmed was arrested and charged with wire […]
Crypto Liquidations Hit Over $200M In 1 Hour- What’s Going On?
As asset prices plunge, the market has faced massive crypto liquidations in the last 24 hours. On-chain data show over $200 million in leveraged crypto positions have now been liquidated in the last hour. This brings the total figure in the last 24 hours to $885 million sparking diverse reactions from bulls and bears in […]
Blackrock CEO Expects 2 Rate Cuts This Year; Warns About Inflation
Blackrock CEO Larry Fink has said that he expects the US Federal Reserve will likely cut rates only two times this year. The prediction is quite contrary to the market’s earlier prediction of three rate cuts this year. Fink’s idea had come at a time when recent CPI data had also already created a dilemma […]
Will El Salvador Change Its Bitcoin Laws For IMF’s $1.4B Loan?
El Salvador is seeking a $1.4 billion loan from the International Monetary Fund (IMF) and in return, the body is requesting that the Central American nation review its Bitcoin (BTC) law. El Salvador Loan Demands and IMF Demand The loan negotiations has been ongoing for a while to help El Salvador urgently meet its fiscal […]