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Weekly News

Read more about the article Backlash as WazirX ‘socializes’ $235M loss, $10B metaverse plan for shut-ins: Asia Express

Backlash as WazirX ‘socializes’ $235M loss, $10B metaverse plan for shut-ins: Asia Express

  • Post author:
  • Post published:August 2, 2024
  • Post category:Weekly overview

Backlash to WasirX’s “socialized loss” strategy, Philippines wants Binance off app store, Japan’s metaverse plan for shut-ins. Asia Express. Our weekly roundup of news from Asia curates the industrys most…

Continue ReadingBacklash as WazirX ‘socializes’ $235M loss, $10B metaverse plan for shut-ins: Asia Express
Read more about the article ByBit exchange halts operations in France

ByBit exchange halts operations in France

  • Post author:
  • Post published:August 2, 2024
  • Post category:Weekly overview

ByBit has been at odds with the Autorité des Marchés Financiers (AMF) since 2022 when the regulator blacklisted the exchange. Popular cryptocurrency exchange ByBit announced it is halting operations in…

Continue ReadingByBit exchange halts operations in France
Read more about the article Bitcoin long liquidations hit $300M as BTC price falls to $62K

Bitcoin long liquidations hit $300M as BTC price falls to $62K

  • Post author:
  • Post published:August 2, 2024
  • Post category:Weekly overview

A flash crash in Bitcoin price on shorter timeframes induces panic among leveraged long traders, but analysts believe it’s a short-term pullback. Bitcoin (BTC) fell over $1,600 in 60 minutes…

Continue ReadingBitcoin long liquidations hit $300M as BTC price falls to $62K
Read more about the article Jack Dorsey’s Block sees Bitcoin revenue grow 9% to $2.6B

Jack Dorsey’s Block sees Bitcoin revenue grow 9% to $2.6B

  • Post author:
  • Post published:August 2, 2024
  • Post category:Weekly overview

Block’s Bitcoin revenue exceeded $2.61 billion during the second quarter of 2024, contributing to a total net revenue of $6.16 billion for the period. Jack Dorsey’s payment conglomerate Block Inc.…

Continue ReadingJack Dorsey’s Block sees Bitcoin revenue grow 9% to $2.6B
Read more about the article North Carolina lower chamber overturns governor’s veto of CBDC ban

North Carolina lower chamber overturns governor’s veto of CBDC ban

  • Post author:
  • Post published:August 2, 2024
  • Post category:Weekly overview

The bill received strong support in the General Assembly. Now, the state Senate will consider overturning the veto. There is still hope for the bill passed by the North Carolina…

Continue ReadingNorth Carolina lower chamber overturns governor’s veto of CBDC ban
Read more about the article Google’s new Gemini AI model dominates benchmarks, beats GPT-4o and Claude-3

Google’s new Gemini AI model dominates benchmarks, beats GPT-4o and Claude-3

  • Post author:
  • Post published:August 2, 2024
  • Post category:Weekly overview

This is the first time Google’s taken the top slot on the Chatbot Arena leaderboard. There’s a new top dog in the world of generative artificial intelligence benchmarks and its…

Continue ReadingGoogle’s new Gemini AI model dominates benchmarks, beats GPT-4o and Claude-3
Read more about the article Bitcoin price crumbles to $62K support, but derivatives metrics show bullish signs

Bitcoin price crumbles to $62K support, but derivatives metrics show bullish signs

  • Post author:
  • Post published:August 2, 2024
  • Post category:Weekly overview

Bitcoin’s price continues to correct, but BTC options markets reflect traders’ interest in the $62,000 level. Bitcoin (BTC) price plunged 5.5% between July 31 and Aug. 1, reaching its lowest…

Continue ReadingBitcoin price crumbles to $62K support, but derivatives metrics show bullish signs
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