CryptoNews

Elon Musk's Ripple Effect: Cogwise Predicts a $95 Million Revenue Loss for X and Its Impact on the Stock Price

December 11, 2023
As the fallout from Elon Musk’s bold statement continues to reverberate across the business landscape, one crucial question looms: How will the predicted $95 million revenue loss for X translate into tangible effects on its stock price? Cogwise’s insightful forecasting, backed by an AI-powered trading system, extends beyond revenue predictions, delving into the intricate web connecting…
Read more
CryptoNews

Report: 47% of Nigerians Engaged in Crypto-Related Activities

December 11, 2023
A recent study has revealed that a significant 47% of Nigerians are actively involved in crypto trading, showcasing a remarkable integration of cryptocurrencies into their financial activities. The analysis further highlights a substantial 15% increase in crypto ownership…
CryptoNews

SEC Warns Crypto Investments Can Be 'Exceptionally Risky'

December 11, 2023
The U.S. Securities and Exchange Commission (SEC) has renewed its warning that investments in crypto assets can be “exceptionally risky.” The regulator stressed that crypto-related investments “continue to be replete with fraud, including bogus coin offerings, Ponzi and pyramid schemes, and outright theft where the project promoter simply disappears with investors’ money.” SEC’s Crypto…
Read more
CryptoNews

Ripples in the Bitcoin Sea: Ocean Pool's Transaction Blacklist Sparks Industry Uproar

December 11, 2023
In recent days, discussions have intensified around the emerging bitcoin mining pool Ocean and its decision to exclude certain transactions, specifically those linked to Ordinal inscriptions and coinjoin activities. Luke Dashjr, a key figure in Ocean’s operations and a prominent Bitcoin Core developer, clarified to the public that the roots of this debate stretch back to 2014. He emphasized that…
Read more
CryptoNews

Hong Kong Regulator Warns of 2 Entities Suspected of Crypto Frauds

December 10, 2023
Hong Kong’s financial regulator has warned the public about two entities suspected of crypto frauds. In addition to issuing cease and desist letters to relevant website operators requesting them to cease offering crypto tokens for purchases, the regulator advises the public to “be cautious about too-good-to-be-true investment opportunities and advice posted on social media platforms and via…
Read more