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July 2022

Facebook goes old school with a new feed that favors friends and family

Facebook goes old school with a new feed that favors friends and family

KEY POINTS Called “Feeds,” the tool is a dedicated tab in the Facebook app that shows all the latest posts from users’ friends. The main news feed will now be known as “Home,” and will act as more of a “discovery engine” based on people’s online habits. It’s a nod to a more basic social […]

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Tesla Sold 75% of Its Bitcoin — Elon Musk Says ‘We Have Not Sold Any of Our Dogecoin’

Tesla Sold 75% of Its Bitcoin — Elon Musk Says ‘We Have Not Sold Any of Our Dogecoin’

Tesla has converted approximately 75% of its bitcoin into fiat currency. The cryptocurrency sales left the electric car company holding digital assets worth $218 million. “We are certainly open to increasing our bitcoin holdings in the future,” Tesla CEO Elon Musk said, adding: “We have not sold any of our dogecoin.” Tesla Sold About 75%

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Vitalik Buterin Thanks Shiba Inu Community as Grant Program Begins

Vitalik Buterin Thanks Shiba Inu Community as Grant Program Begins

The Ethereum co-founder used part of the shiba inu tokens sent to him by developers as a gift to help support Ph.D. students researching artificial intelligence. The first cohort of recipients of an artificial intelligence grant program backed by Ethereum co-founder Vitalik Buterin was announced on Wednesday, with Buterin thanking the Shiba Inu community for

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US federal agency issues legal advisory on NFT investments

US federal agency issues legal advisory on NFT investments

The advisory primarily targets reporting of NFTs investments that represent “property,” such as real estate. The United States Office of Government Ethics (OGE) issued a legal advisory recommending various instances when senior government officials are required to disclose their investments in nonfungible tokens (NFT). In the legal advisory presented to the designated agency ethics officials, director

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Another Twitter Hack Hits the NFT Community

Another Twitter Hack Hits the NFT Community

An influencer’s Twitter and Discord accounts were compromised on Tuesday in what many fear could be a widening takeover. Another phishing scam has hit the non-fungible token (NFT) community, with the latest target being the social media accounts of NFT influencer Zeneca. The compromised Twitter and Discord accounts linked to a fake airdrop for the influencer’s

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Coinbase says it has no exposure to collapsed crypto firms Celsius, 3AC and Voyager

Coinbase says it has no exposure to collapsed crypto firms Celsius, 3AC and Voyager

KEY POINTS Coinbase said in a blog post that it had “no financing exposure” to collapsed crypto firms Celsius, Three Arrows Capital and Voyager Digital. The firm did, however, make a “non-material” investment in Terraform Labs, the Singapore-based company behind failed stablecoin project Terra. Coinbase shares climbed more than 13% Wednesday. Coinbase on Wednesday said it had

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Binance.US Starts Affiliate Marketing Program Taking Aim at Coinbase

Binance.US Starts Affiliate Marketing Program Taking Aim at Coinbase

A Binance.US representative pointed to recent reports that rival exchange Coinbase is shuttering its affiliate program. Binance.US, the American subsidiary of cryptocurrency exchange giant Binance, is trumpeting the launch of its affiliate marketing program even as rival Coinbase (COIN) closed its affiliate program, citing bear market conditions. The Binance.US affiliate program is a way of incentivizing third-party influencers and

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Amazon.eth ENS domain owner disregards 1M USDC buyout offer on OpenSea

Amazon.eth ENS domain owner disregards 1M USDC buyout offer on OpenSea

Before it expired, the offer stood at approximately 10x the amount of the domain’s last sale. On Tuesday, the Ethereum Name Service, or ENS, domain Amazon.eth received an offer for 1 million USD Coin (USDC), a stablecoin pegged to the United States dollar, from an anonymous wallet address on OpenSea. The offer to buy the ENS

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THE LARGEST BANK IN THE EUROZONE TO LAUNCH BITCOIN, CRYPTO CUSTODY PLATFORM: REPORT

THE LARGEST BANK IN THE EUROZONE TO LAUNCH BITCOIN, CRYPTO CUSTODY PLATFORM: REPORT

BNP Paribas, with over $13 trillion under management, will reportedly partner with Metaco to offer custodial services for bitcoin and other digital assets. BNP Paribas, a leading private bank in the Eurozone, is reportedly entering the custody space for bitcoin and other cryptocurrencies. The bank will partner with Metaco, a Swiss digital asset custody firm

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Bitcoin climbs past ,000 as hopes of softer Fed action fuel crypto relief rally

Bitcoin climbs past $23,000 as hopes of softer Fed action fuel crypto relief rally

KEY POINTS Bitcoin surged as high as $23,800 Wednesday, up 8% in 24 hours and trading at levels not seen since mid-June. Traders took comfort from the prospect of a rate hike from the Federal Reserve that is less aggressive than feared. Ether climbed above $1,500 amid optimism over a highly anticipated upgrade to its

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