Bitcoin traders risk-off as BTC price falls to $62K — Is a generational bottom approaching?
Bitcoin traders anticipate a potential price drop below $60,000. Will dip buyers show up?
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BTC billionaire Tim Draper to Elon Musk: I’d buy the Tesla Cybertruck with Bitcoin
Tim Draper, the billionaire Bitcoin (BTC) investor who also invested early in Tesla, reacted to the company's CEO and world's richest man, Elon Musk, adding #Bitcoin to his Twitter bio to join the likes of Twitter CEO Jack Dorsey and Reddit co-founder Alexis Ohanian.Draper, who holds around 30,000 BTC according to reports, told Musk that…
Huobi’s Research Arm to Partner with the University of Gibraltar
Huobi University, the research and education arm of cryptocurrency exchange Huobi, announced its collaboration with the University of Gibraltar on various blockchain initiatives.On Sept. 5, Houbi Group, the parent company of both Huobi University and Huobi exchange, announced what the firm describes as its “first formal collaboration with a Western university.” As Cointelegraph reported in October…
Malaysian Lending Giant CIMB Joins Ripple’s Cross-Border Payment Network
Malaysian lending giant CIMB Group Holdings Bhd has joined Ripple’s (XRP) cross-border payments network RippleNet, Bloomberg reports Nov. 15.The $53.5 billion market cap CIMB will integrate Ripple’s XCurrent product, a software solution for expediting cross-border payments, for its “SpeedSend” remittance product. As Bloomberg reports, CIMB’s product serves multiple Southeast Asian markets, including the Philippines, Vietnam…
Ava Labs cuts 12% of staff to ‘reallocate resources’ toward expansion
Ava Labs, the team behind the Avalanche Blockchain, has confirmed it laid off 12% of its employees in a recent wave of staff cuts, citing the need to reallocate its resources.The firm’s founder and CEO Emin Gün Sirer confirmed the news on Nov. 7 after several former Ava Labs employees announced on X (formerly Twitter)
Columbia Uni professor heads up a16z’s new crypto research unit
Following his appointment as head of research, Tim Roughgarden stated that a16z’s funding into crypto research will grow by “many multiples of the next couple of years.” 461 Total views 5 Total shares Theoretical computer scientist and Columbia University professor Tim Roughgarden has been appointed the head of Andreessen Horowitz's (a16z) new crypto research unit.…
Here’s what’s happening in Web3 across Africa
Whatever you prefer to call it — crypto, blockchain or Web3 — this new segment of the digital economy is booming across Africa. If you’ve been sleeping on the sector, now’s a good time to wake up.Why? Well for one, according to analytics firm Chainalysis, Africa’s crypto market increased in value by more than 1,200%…
In China, most blockchain R&D funds are going toward this segment
China's growing interest in blockchain technology spreads to publicly traded companies. A report published by Securities Daily explained how China's publicly-listed companies spend the millions they have allocated toward blockchain R&D. The study surveyed 23 companies in China who began working with blockchain back in 2016. Figures suggest that companies allocate an average 20% of their annual…
Bitfinex Calls Itself ‘Victim of a Fraud’ in Response to Recent Arrest
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