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Tesla CEO Elon Musk has formally informed Twitter that he is terminating his $44 billion bid to buy the social media platform. “Twitter is in material breach of multiple provisions” of the agreement, Musk’s lawyer explained. Musk Ending Deal With Twitter Citing ‘Material Breach of Multiple Provisions’ Tesla and Spacex CEO Elon Musk’s lawyer sent … Read more
There are several widespread lending and borrowing projects in the crypto ecosystem. This article will highlight 4 of them. These platforms help users borrow cryptocurrencies and earn interest while leveraging crypto assets to generate revenue. You can also invest in these projects using your cryptocurrency. While regulators are still trying to figure out whether to … Read more
In mid-November 2021, Bitcoin’s inventor Satoshi Nakamoto was one of the wealthiest individuals on the planet, with more than $69 billion in bitcoin, and was among the top 20 on the Forbes 2021 Billionaires list. Seven months have passed since then, and Bitcoin’s unknown creator has dropped from the top 20 spot and is now … Read more
Bank of America has revealed that the number of its customers who are active crypto users has declined more than 50% from its peak in November last year. In addition, the bank said its data “shows that outflows to crypto platforms have fallen sharply,” indicating that “consumers are pulling back on their net investment into … Read more
Cryptocurrency markets continue to trade sideways as the third quarter of 2022 is off to a shaky start. Regulators continue to clash with crypto ETFs, inflation fears loom ahead, and the housing market is rapidly slowing down. On the bright side, Metaverse crypto coins remain highly popular, and projects continue to build their products in … Read more
Crypto lender Voyager Digital has filed for Chapter 11 bankruptcy. The company explained that the “prolonged volatility and contagion in the crypto markets” and the default of crypto hedge fund Three Arrows Capital (3AC) on a loan require it “to take deliberate and decisive action now.” Voyager’s Bankruptcy Filing Voyager Digital Ltd. (TSE: VOYG) announced … Read more
The British Army’s official Youtube and Twitter accounts were compromised Sunday and hackers used them to promote crypto, including bitcoin and ether giveaway scams featuring Tesla CEO Elon Musk. British Army’s Social Media Accounts Used to Promote Bitcoin, Crypto, NFT Scams The British Army confirmed Sunday that its official Youtube and Twitter accounts were breached. … Read more
The term “Web 3.0” refers to the upcoming decentralized internet. Emerging technologies like the blockchain protocol, smart contracts, cryptocurrency, artificial intelligence & big data, and machine learning are at the forefront of the technological revolution. Web3 will return data control to the user, unlike conventional internet businesses that use your information for their purposes. In … Read more
Cryptocurrency markets remain highly volatile as the bear market is in full effect. The good news is that in recent days, the market seems to have stabilized and continues to trade sideways as Bitcoin and Ethereum manage to hold support. With the current low prices, many Metaverse crypto coins are on sale, and those with … Read more
Meta Platforms, formerly Facebook, has announced the end of its crypto project Novi. Users are advised to withdraw funds as soon as possible. The announcement followed the introduction of a digital wallet for the metaverse, announced by Meta CEO Mark Zuckerberg. Crypto Project Novi Ending Facebook owner Meta Platforms Inc. (Nasdaq: META) announced Friday that … Read more