Paris raised eyebrows earlier this year when the city voted to ban shared electric scooters. While privately owned electric scooters were still allowed, the thousands of shared electric scooters that were commonly used by locals and tourists were forced to vacate the city, with unexpected results.
The idea for a shared electric scooter ban was originally floated late last year in response to the…
Chinese EV maker Nio to spin off battery unit: report
December 6, 2023
For years, Chinese EV maker Nio has essentially done it all, delving into high-end EV manufacturing, in-house batteries, autonomous driving, and chips, as well as innovative battery-swapping tech and even making smartphones, all while pulling in huge investments and talent…
Arcweave raises $850k to build AI-powered game creation tools
December 6, 2023
Narrative design platform Arcweave announced today that it has closed its seed round of funding, raising over $850,000. Galaxy Interactive led the round with Genesis Ventures participating. Arcweave plans to use the funding to build out its platform, as well as a…
Coinbase CEO Brian Armstrong: 'Bitcoin May Be the Key to Extending Western Civilization'
December 6, 2023
Brian Armstrong, CEO of U.S.-based crypto exchange Coinbase, stated that Bitcoin could play a role in extending Western civilization. For Armstrong, Bitcoin represents an alternative to fiat currencies like the U.S. dollar, which people can use as an alternative to inflation.
Coinbase CEO Brian Armstrong: Crypto Might Be ‘an Antidote to Inflation.’
Brian Armstrong, CEO of Coinbase, has…
Watch the Tesla Cybertruck take on a Rivian R1T and Hummer EV in an epic drag race [video]
December 6, 2023
Tesla’s Cybertruck is one of the most highly anticipated EV releases of all time. With the new electric truck officially rolling out, many want to see how it stacks up against the competition. Watch the Cybertruck take on the Rivian R1T and Hummer EV in an exciting drag…
Large Asset Managers Getting Ready to Buy BTC Ahead of Spot Bitcoin ETF Launches, Says Moody's Director
December 6, 2023
A senior director with Moody’s Analytics has highlighted the biggest driver behind the recent bitcoin price surge. “The race is heating up” to launch spot bitcoin exchange-traded funds (ETFs), he explained, emphasizing that large asset managers are “getting ready to…
SEC Makes 'Materially False and Misleading' Representations Against Crypto Firm — Judge Threatens Sanctions
December 6, 2023
The United States District Court for the District of Utah has expressed concerns that the U.S. Securities and Exchange Commission (SEC) is making “materially false and misleading representations” in its lawsuit against a crypto firm. The court has ordered the securities regulator to show cause why it should not be subject to sanctions.
Court Threatens to Sanction SEC
The U.S. Securities and…
BRC20 Token ORDI Hits $1B Market Cap Amid Crypto Surge, Soaring 676% in a Month – Markets and Prices Bitcoin News
December 6, 2023
In the recent surge in the cryptocurrency market, the BRC20 token ORDI has experienced substantial growth. This week, it reached a new milestone with its market capitalization surpassing the $1 billion threshold. The token’s value has soared by 676% in the past month and…
Mystery Bitcoin Whale Resurfaces, Transfers 1,000 BTC Worth $41M From String of 2010 Era Addresses – Bitcoin News
December 6, 2023
Emerging from obscurity since 2021, a prominent bitcoin whale, originating from the 2010 period, has recently transferred 20 block rewards, equivalent to 1,000 bitcoins valued at $41.87 million based on present exchange rates. This is not the whale’s first such activity…
Brazil's Banking Behemoth Itau Unibanco Debuts Cryptocurrency Trading Services – Bitcoin News
December 6, 2023
Itau Unibanco, the largest private bank in Brazil, has launched cryptocurrency trading services for its customers. Through Ion, its financial services platform, Itau will first offer access to two cryptocurrencies, ether and bitcoin, opening this feature gradually to all users.
Itau Unibanco Opens Crypto Trading Services in Brazil
Itau Unibanco, one of the largest banking institutions in Brazil…
