The tech industry experienced a massive blow on October 25, as the release of several earnings reports caused over $280 billion to be wiped from the market value of the top blue-chip tech firms, collectively known as the “magnificent seven”. These seven companies, including Apple, Microsoft, Meta, Amazon, Alphabet, Nvidia, and Tesla, make up a
Loopring, a layer-2 decentralized exchange (DEX) built on Ethereum’s zk-Rollups technology, is undergoing a significant expansion. The platform recently announced that it will be expanding its core pillars from three to four, as well as introducing new functionalities. This move aims to enhance the user experience and attract a more diverse user base. In this
Blockchain surveillance experts at Elliptic have challenged the claims made by the Wall Street Journal (WSJ) and subsequently cited by the U.S. Congress, regarding Hamas raising tens of millions of dollars through cryptocurrencies. In a recent blog post, Elliptic dissected the assertions made by the WSJ, stating that there is insufficient evidence to support the
In today’s fast-paced and highly competitive business landscape, staying ahead of the curve is crucial. The rapid pace of innovation and the ever-changing market dynamics make it imperative for businesses to make well-informed decisions in a timely manner. This is where predictive analytics comes into play. By harnessing the power of machine learning and statistical
Bitcoin, the leading cryptocurrency, is facing a crucial moment as Arthur Hayes, the former CEO of BitMEX, shares his viewpoint on the potential impact of geopolitical tensions and economic uncertainties on its trajectory. In his recent blog post titled “The Periphery,” Hayes sheds light on the ripple effects that escalating global conflicts can have on
The recent movement of over $10 million worth of cryptocurrency from wallets linked to bankrupt crypto firms Alameda Research and FTX to exchange deposit accounts has raised eyebrows and fueled speculation about the firms’ intentions. The transfer of these funds may potentially indicate that the companies are planning to sell some of their assets to
In a bid to enhance fan engagement in the world of horse racing, Zilliqa has recently announced its partnership with Racing League, the highly acclaimed team-based horse racing competition in the United Kingdom. With the help of Zilliqa’s cutting-edge blockchain technology, this collaboration seeks to merge traditional elements of horse racing with innovative virtual concepts,
The U.K.’s Financial Conduct Authority (FCA) has encountered numerous challenges in ensuring compliance with its newly implemented crypto promotion requirements. These rules, which were put into effect on October 8th, aim to protect consumers by mandating companies to inform users about the risks associated with investing in certain crypto products. In addition, the FCA prohibits
In a recent court filing, Coinbase, the leading cryptocurrency exchange, launched a scathing attack on the U.S. Securities and Exchange Commission (SEC), accusing the regulatory body of exceeding its powers. The exchange argued that the SEC’s classification of crypto assets as securities goes beyond its jurisdiction and claimed that the agency is attempting to redefine
The ongoing legal battle between cryptocurrency exchange Coinbase and the United States Securities and Exchange Commission (SEC) has taken a new turn. In its final attempt to dismiss the lawsuit filed by the SEC, Coinbase has argued that the regulatory body overstepped its authority when classifying Coinbase-listed cryptocurrencies as securities. The exchange contends that the
