The Sandbox has taken the decision to form an absolutely exclusive collaboration with Gamer Arena. The company is a top gaming platform based in Turkey. Through this very joining of hands, both of the entities will be actively engaged in the building of a one-of-its-kind, as well as interactive gaming exposure for the benefit of […]
White House advisors renew push for 30% digital mining energy tax
The May 2 blog post by the White House’s Council of Economic Advisers (CEA) has already attracted strong criticism from the community. The Biden administration has renewed its push for a 30% Digital Asset Mining Energy (DAME) tax on cryptocurrency miners, part of efforts to minimize the industry’s alleged impact on climate change. The proposed […]
FTX advisors billed the bankrupt firm for a whopping $103M in Q1
After Sullivan & Cromwell, Consulting firm Alvarez & Marsal billed the second largest invoice for its finance and accounting work. The lawyers and consulting firms assisting cryptocurrency exchange FTX through its bankruptcy proceedings are set to cash in a total of $103 million over the first quarter. March saw five firms — Sullivan & Cromwell, […]
Analysts Warn of More Bank Failures, Possible Recession and Global Repercussions Caused by First Republic Bank Collapse
The recent takeover of First Republic Bank, the fourth U.S. bank to fail this year, has awakened concerns about the possible repercussions this new failure might have on U.S. and international economies. While United States President Joe Biden has assured the public that the banking system remains safe, analysts are warning that this might not […]
Bitcoin Broke Above $28,000 Again; Should We Be Bullish on the BTC Price?
The post Bitcoin Broke Above $28,000 Again; Should We Be Bullish on the BTC Price? appeared first on Coinpedia Fintech News The FOMC’s FOMO appears to have loomed over the crypto space as the majority of the coins have become more volatile. Specifically, the BTC price again soared beyond $28,000 in the early trading hours. […]
Celsius eyes merge of entities as creditors claim distinctions were a ‘sham’
New court filings are pushing to straighten out the issue in a bid to help recover lost funds for customers. Defunct crypto lender Celsius Network is looking to combine its United Kingdom and United States entities as new court filings allege that any supposed distinction between the two companies was a “sham.” The central point […]
Amnesty nixes AI-generated images of Colombian protests after criticism
The human rights advocacy group pulled the faked images following widespread online criticism. Human rights advocacy group Amnesty International has retracted artificial intelligence (AI) generated images it used in a campaign to publicize police brutality in Colombia during national protests in 2021. The group was criticized for using AI to produce the images for its […]
Sparklo (SPRK)—A Better Investment Alternative to Uniswap (UNI) and Graph (GRT)
The post Sparklo (SPRK)—A Better Investment Alternative to Uniswap (UNI) and Graph (GRT) appeared first on Coinpedia Fintech News There’s plenty of room for investors to make great investments now that the price of most coins has plunged due to the bear market. So, investors will see their bag of gems explode to newer heights […]
Russia Monitoring US Economy Amid Possible Default, Says Official
Russia is closely monitoring the U.S. economy amid discussions of the U.S. government defaulting on its debt obligations. Treasury Secretary Janet Yellen said the Treasury will be unable to pay the government’s bills if Congress does not act by June 1. Russia Monitoring US Economy in Case of Debt Default Russia is closely monitoring the […]
How Tech Investor Balaji Srinivasan Lost a $1M Bitcoin Bet But Remains Bullish on Cryptocurrencies
The post How Tech Investor Balaji Srinivasan Lost a $1M Bitcoin Bet But Remains Bullish on Cryptocurrencies appeared first on Coinpedia Fintech News Former Coinbase CTO, Balaji Srinivasan, recently withdrew from his $1 million Bitcoin bet in which he gambled that the price of Bitcoin would reach $1 million. Although he withdrew from the bet, […]