Billionaire Ray Dalio remarked on the largest cryptocurrency by market cap Bitcoin, stressing that it is not the viable alternative despite the looming collapse of fiat currency as per a Feb. 2 interviews with CNBC Squawk.
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qaasim
Salaam Rasak entered the crypto space while completing his Masters degree and has continued to dig deep into Web3 space since then, writing articles related to Web3 and blockchain. He started working with Blockchain Journal in September 2022.
Troubled cryptocurrency exchange FTX has warned customers to be wary of scammers intending to exploit them through the promise of returning their assets, stressing that customers should contact the FTX debtors for more inquiries.
The Ethereum-based central banking protocol MakerDAO has launched the creation of a new Special Purpose Fund called the “Legal Defence Fund”, which is a $5 million fund for the overall benefits of MakerDAO participants.
On February 1, the Southern District Court of New York exonerated Coinbase from the class action lawsuit filed against the company by the U.S. Securities and Exchange Commission (SEC).
After a thorough review, the court-appointed examiner Shoba Pillay has unravelled a report on bankrupt crypto lender Celsius, accusing the firm of misleading the members of the public on its financial stance and modes of operation.
The electric vehicle producer Tesla has recorded $64 million profit from Bitcoin trading in 2022 alongside $140 million Bitcoin (BTC) net loss according to a Jan 31 filing with the U. S. Securities and Exchange Commission (SEC).
Despite Bitcoin’s rise in January, one of the latest firms to lay off workers in the Web3 space is the Crypto services company Prime Trust, sacking one-third of its staff on Tuesday as per a report.
Twitter Chief Executive officer (CEO) and business Magnate Elon Musk has directed its developers to build a payment platform system on Twitter in an arrangement that crypto functionality can be added in the future as per a report.
The North Korean hackers behind the attack on Harmony Bridge are not relenting as it has transferred another $27 million stolen Ethereum (ETH) to six different cryptocurrency exchanges according to on-chain data disclosed by blockchain sleuth ZachXBT.
South Korea is finally set to launch a cryptocurrency tracking system codenamed “Virtual Currency Tracking System” in a bid to ensure that there is close monitoring of digital assets transaction flow and history.