Bitcoin continued to sit firmly below the $26,000 level on Wednesday, after breaking out of a key price floor. The world’s largest cryptocurrency by market cap has mostly consolidated in recent days, as traders await Federal Reserve Chair Jerome Powell’s speech at Jackson Hole this Friday.
Bitcoin
Bitcoin moved below a key price floor late on Tuesday, as the cryptocurrency extended its streak…
Biggest Movers: BNB Rebounds From 1-Year Low, SHIB Surges Higher – Market Updates Bitcoin News
August 23, 2023
BNB was one of Wednesday’s biggest movers, as the token rebounded from a recent one-year low. The price decline came as crypto exchange Binance came under scrutiny for allegedly assisting sanctioned Russian clients in moving funds abroad. Shiba inu also rose, following…
A Tesla Cybertruck, likely the final version of the electric pickup truck, was spotted being tested on the automaker’s own test track in Fremont.
As we reported last week, it feels like the Cybertruck program is really on the cusp of reaching production.
We were…
The AYRO Vanish, an electric mini-truck designed and built in Texas, has just completed homologation to receive its street-legal status in the US and Canada.
Homologation is the process that new vehicles undergo to test and verify that they meet or exceed vehicle regulations.
In the US, that means the AYRO Vanish had to be homologated to LSV (low-speed vehicle) standards set out in the Federal…
Meet SeamlessM4T, the Meta AI model that can translate 100 languages into speech or text
August 23, 2023
As part of its broader effort to remove language barriers and keep people connected, Meta has developed a multilingual foundational model that can understand nearly 100 languages from speech or text and generate translations into either or both in real time.
Officially…
Looking to gain the speed, scale and time-to-market advantages that multicloud tech stacks provide their new digital-first business initiatives, making micro-segmentation table stakes is essential for protecting future growth.
Gartner predicts that through 2023, at least…
Nigerian Crypto Trading Platform Unilaterally Converts User Funds to New Stablecoin — Move Sparks Exit Scam Fears – Africa Bitcoin News
August 23, 2023
A Nigerian crypto trading platform, Patricia, announced on Aug. 18 that it had converted users’ outstanding funds to its U.S.-backed stablecoin known as “Patricia Token.” Some social media users have slammed the crypto trading platform’s unilateral decision to convert customer funds. Some critics have characterized the conversion of user funds as the Patrica team’s attempt to exit scam…
SEC Charges Crypto Investment Adviser for Publishing Misleading 'Hypothetical Performance Projections' – Regulation Bitcoin News
August 23, 2023
The U.S. Securities and Exchange Commission (SEC) has charged Titan Global Capital Management for publishing misleading “hypothetical performance projections” regarding its crypto investment product. Titan Global is also accused of violating the marketing rule when it…
XRP Value Plunges 39% Post-SEC Verdict: XRP Army Remains Optimistic Amid Market Turbulence – Market Updates Bitcoin News
August 23, 2023
It’s been 40 days since the U.S. court issued a partial verdict in the SEC’s case against Ripple. In that timeframe, the digital currency XRP’s value has slumped by a significant 39.43%.
Despite SEC’s Interlocutory Appeal and 39% Downturn, XRP Enthusiasts Hold out…
US Court Hands 3-Year Jail Sentence to Man Accused of Conspiring to Defraud Crypto Holders – Regulation Bitcoin News
August 23, 2023
A U.S. court has sentenced a man accused of conspiring to defraud cryptocurrency owners to three years in prison. The court also ordered the man to pay $2,816,433 in restitution to 11 victims of his Subscriber Identity Module (SIM) swap fraud scheme.
SIM Swap Fraud Scheme
A United States district court has sentenced to 36 months in prison a man accused of being part of a conspiracy to defraud…
