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Tag: Crypto

Crucial week for Worldcoin amid EU privacy scrutiny
Tech

ChatGPT maker’s Worldcoin Ignites crypto market with 60% surge

Co-founder of ChatGPT and OpenAI, Sam Altman, has successfully launched the Worldcoin Token and mainnet, gaining massive attention in the crypto space. The token’s listing on exchanges like Binance, Huobi, Bybit, and OKX resulted in an impressive 60% surge, reaching $2.69 according to Coingecko data. Worldcoin Token has been eagerly awaited and gained significant popularity […]

Tech

ChatGPT founder launches latest crypto innovation World ID

Cryptocurrency project Worldcoin, led by OpenAI CEO Sam Altman, has unveiled its latest innovation, the World ID, which promises to revolutionize secure digital identification. To obtain this unique account, individuals must undergo an in-person iris scan using Worldcoin’s specialized ‘orb’, ensuring only real humans can access this cutting-edge digital system. Stored securely on cryptocurrency blockchains, […]

Nigerian crypto company Bundle Africa shuts down
News Tech

Nigerian crypto company Bundle Africa shuts down

A Nigerian Web3 and cryptocurrency company, Bundle Africa, announced its exchange platform will shut down in September 2023. As a result, the company will be able to concentrate on Cashlink, its peer-to-peer payment platform. “We will cease operations of exchange services as part of the Shareholders’ decision to restructure the business to focus on Cashlink,” […]

FTX sues Bankman-Fried, others over misappropriation of $1bn
Crypto

FTX sues Bankman-Fried, others over misappropriation of $1bn

In a high-stakes legal battle, FTX is on a mission to recover more than $1 billion that the company claims was misappropriated by its former CEO and Founder, Sam Bankman-Fried, along with other notable former executives. The allegations of financial misconduct have thrown the once-thriving crypto exchange into turmoil. The complaint, filed in a United […]

FTX’s Founder SBF accused of witness tampering
News Tech

FTX’s Founder SBF accused of witness tampering

The founder of FTX, Sam Bankman-Fried, has been accused of witness tampering by American prosecutors, and they have sought a federal judge’s injunction prohibiting the former billionaire and other parties from speaking out in a way that would compromise the integrity of a fair trial. The prosecution referenced a New York Times article titled “Inside […]

Bitcoin rebounds after Trump's news of new crypto to US reserve
Crypto

Bitcoin records slight drop as Altcoins fall behind Ether

On Friday, July 21, the crypto market witnessed a rollercoaster ride, with Gadgets 360’s price chart showing profits next to most cryptocurrencies. However, Bitcoin, the flagship digital asset, remained in a minor loss of 0.21 percent, trading below $30,000 for the second consecutive day, hovering at $29,878. In the last 24 hours, Bitcoin’s value dropped […]

Ex-Binance CEO sentenced to four months in jail
News Tech

Binance lays off over 1000 employees

The cryptocurrency exchange Binance has laid off some staff days after key executives left the company. “Over the last six years, we have grown from 30 to a team of almost 8,000 across the globe. As we prepare for the next major bull cycle, it has become clear that we need to focus on talent […]

Crypto lender Celsius CEO Alex Mashinsky arrested, sued for fraud
News Tech

Crypto lender Celsius CEO Alex Mashinsky arrested, sued for fraud

Celsius Network’s creator and former CEO, Alex Mashinsky, has been detained and charged with fraud on Thursday, according to a U.S. prosecutor in New York. According to the indictment, which was made public on Thursday, Mashinsky, 57, was accused with seven criminal crimes, including securities fraud, commodities fraud, and wire fraud, while Roni Cohen-Pavon, Celsius’ […]

Coinbase unveils crypto lending platforms for investors
News Tech

Crypto platform Coinbase Wallet launches messaging feature

Popular self-custody cryptocurrency wallets, Coinbase Wallet, is introducing a direct messaging option so users may communicate with one another on the platform. Wallet owners can communicate with Ethereum accounts that have CB.IDs, ENS domains, or Lens profiles. Additionally, it will enable NFT and POAP owners to communicate directly with other individuals who own the same […]

Sega withdraws from Blockchain Gaming
Crypto

Sega withdraws from Blockchain Gaming

Gaming company behind Sonic The Hedgehog and Yakuza, Sega, has announced its departure from the blockchain gaming space due to the ongoing crypto winter. Co-COO Shuji Utsumi revealed that Sega is yet to determine the practical applications of blockchain and is considering excluding it from a flagship “supergame” scheduled for release in 2026. Speaking at […]