[ad_1] Two new consortiums will dispute the assets of bankrupt crypto lender Celsius Network in an auction scheduled for April 25 in New York. According to reports and court filings, crypto exchanges Gemini and Coinbase are among the companies participating in the bids. Court documents show that one of the consortium is Fahrenheit, backed by venture capital firm Arrington Capital, which is owned by blockchain investor Michael Arrington. Other participants in
[ad_1] Bitcoin (BTC) is on target to finish the week with a sharp fall of around 9%. This suggests that some traders may be booking profits in fear of a resumption of the downtrend. Analysts expect Bitcoin to reach the $26,600 to $25,000 zone where buying interest may pick up.When an asset emerges from a bear market, it tries to form higher lows on the way up. These levels act
[ad_1] The Reserve Bank of Zimbabwe is set to introduce a gold-backed digital currency to serve as a legal tender in the country. The move is a government initiative to stabilize the local currency from its depreciation against the United States dollar. According to a report from local media Sunday Mail, the move will allow small amounts of Zimbabwe dollars to be exchanged to the digital gold token, enabling more Zimbabweans
[ad_1] Bitcoin (BTC) sought to snatch back lost ground on April 23 as ten-day lows remained in place.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView$26,600 becomes popular BTC price targetData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it rose to circle $27,700 at the time of writing.Up around 2.5% from the lows set the day prior, the pair remained on traders’ radar as a potential short opportunity into the
[ad_1] A notice issued by authorities governing the Chinese city of Changshu stated that all civil servants in its jurisdiction will be paid their full salaries in digital RMB or digital yuan from May 2023. According to the notice issued by local Chinese authorities, Changshu Local Financial Supervision Bureau and the Changshu Municipal Bureau of Finance, civil servants including public service personnel, public institution personnel and personnel of state-owned units at
[ad_1] Google and Alphabet CEO Sundar Pichai announced the merger of two entities with the company to form a separate business unit dedicated to the development of the next generation of artificial intelligence (AI) breakthroughs and products.The new unit, Google Deepmind, was formed by merging the Brain team from Google Research and DeepMind, a London-based AI company Google had purchased in 2014. The newly-formed business unit aims to accelerate the
[ad_1] Reminiscent of Tamagotchi and Pokémon, the wildly popular digital pets and creatures of the 1990s, CryptoKitties is a blockchain-based game where players can collect, trade and breed digital virtual cats. CryptoKitties was the first Ethereum-based game, and its popularity underscored many of the network’s scaling issues.This digital cat-breeding blockchain game caused quite a bit of congestion on the Ethereum blockchain, peaking in 2020. However, the game’s creators were able
[ad_1] United States President Joe Biden will reportedly ban his communications director from handling matters related to any crypto or technology firms he has previously worked with, while allowing him to advise on crypto regulation.According to an April 22 Bloomberg Law report, the White House communications director Ben LaBolt will be barred from “participating in legal matters, investigations, or contracts involving cryptocurrency or technology firms he previously represented.”Decentralized exchange UniSwap
[ad_1] Major Asian economies, China and Singapore, have set up a task force to deepen bilateral cooperation in green and transition finance. The move is aimed at facilitating greater public-private sector collaboration for a low-carbon future in the region. The Monetary Authority of Singapore (MAS) announced the collaboration with the People’s Bank of China (PBC) in establishing the China-Singapore Green Finance Taskforce (GFTF). With GFTF, the duo aims to co-develop a
[ad_1] Sam Bankman-Fried’s legal team have requested a third extension on the enforcement of his revised bail conditions, citing difficulties in installing monitoring software on his parents cell phones to capture a photo of the user “every five minutes.”In an April 19 court filing in the Southern District of New York, Sam Bankman-Fried’s lawyers, Mark Cohen and Christian Everdell, stated that they have successfully implemented “all of the bail conditions
