American cryptocurrency exchange Coinbase aims to grow revenue from subscriptions in the long term to combat potential profit margin compression. The firm’s founder and CEO Brian Armstrong delved into the long-term prospects of the American cryptocurrency exchange in a wide-ranging interview with CNBC’s Crypto World on Tuesday. A key talking point was the potential of
Month: August 2022
Major Indian crypto exchange CoinSwitch Kuber had five of its premises searched by anti-money laundering agents on Thursday over alleged violations of forex laws. According to an Aug. 25 report from Bloomberg, India’s Enforcement Directorate searched CoinSwitch Kuber’s offices as well as the residences of its directors and CEO Ashish Singhal. A source told the
No privacy. No property. No prosperity. If you follow the news, you’ve seen the trend — putting legal limits on cash transactions, the emergence of surveillance-oriented, central bank digital currencies (CBDCs), and more recently, crypto mixing platform Tornado Cash being sanctioned by the United States Treasury. There is a new wave of propaganda increasingly demonizing
Meta’s next virtual reality (VR) headset will launch in October, a company executive revealed on a podcast. The executive also said that more details about the new VR headset at Meta’s Connect conference. There will be a few “big features” that will arrive with the headset, the executive added. The headset will get the ability
The founder of decentralized finance (DeFi) protocol Synthetix, Kain Warwick, has submitted a proposal that would turn off very high yield returns for SNX stakers and cap the total SNX token supply at 300 million. The Synthetix protocol allows traders to issue synthetic versions of crypto native assets, traditional financial assets, and commodities on the
PS5 prices have been hiked by Sony in select markets, the company announced today. The Japanese tech giant has cited the global economic environment for the retail price increase. Sony added that it’s seeing high global inflation rates and adverse currency trends. The PlayStation 5 retail prices in select markets of Europe, Middle East, Africa,
T-Mobile plans to use Starlink satellites to give mobile users Internet access in remote parts of the United States. The US wireless carrier plans to connect users’ smartphones directly to the satellites in the orbit thereby cutting out the need for cell towers. Elon Musk and T-Mobile chief executive officer Mike Sievert announced the partnership
BNB, the native token of Binance’s BNB Chain , has bounced 66% from its $183 low in mid-June. The move consolidates its position as the third-ranked cryptocurrency (when stablecoin market caps are removed) and reflects a $50 billion market capitalization. BNB has outperformed the broader altcoin market capitalization after a devastating 73% correction that began
In this article TMUS T-Mobile CEO Mike Sievert and SpaceX founder Elon Musk announce partnership plans on Aug. 25, 2022. Screenshot SpaceX founder Elon Musk and T-Mobile CEO Mike Sievert said that their companies are working to “end mobile dead zones,” and will launch a new mobile service enabled by Starlink second-generation satellites and T-Mobile
iPhone 14 series lineup is expected to be unveiled at Apple’s special launch event on September 7. The Cupertino company is yet to officially reveal the first look of these smartphones. However, a couple of weeks before their intended arrival, supposed dummy models of the iPhone 14 Pro and iPhone 14 Pro Max have been
Twitter and Indian Railway Catering and Tourism Corporation (IRCTC) has been asked to appear before the Congress MP Shashi Tharoor-led Parliamentary Standing Committee on Information Technology on Friday. The microblogging site and railway ticketing app have been summoned to discuss concerns over “citizens’ data security and privacy”. The parliamentary meeting comes days after the centre
The threat actor behind the SolarWinds supply chain attack has been linked to yet another “highly targeted” post-exploitation malware that could be used to maintain persistent access to compromised environments. Dubbed MagicWeb by Microsoft’s threat intelligence teams, the development reiterates Nobelium’s commitment to developing and maintaining purpose-built capabilities. Nobelium is the tech giant’s moniker for
As a market crash takes place, assets become oversold and typically there’s an “oversold bounce,” “return to mean,” “mean reversion,” or some price snapback to the bottom of the pre-crash range. Afterward, the asset under study either consolidates, continues the downtrend, or returns to the bullish uptrend if the downside catalyst was not significant enough
Speaking to Cointelegraph over sandcastles at the Surfin’ Bitcoin 2022 event at Casino de Biarritz in France on Thursday, Prince Philip said he was “bullish on Bitcoin” in part because of the impact it could have on children’s education around the world. The prince, a self-described Bitcoin (BTC) maximalist, hinted that part of his keynote
As we approach the date of Ethereum’s Merge, users have speculated about what it will mean for projects and the wider ecosystem. Some argue the Merge will have little impact on gas fees and believe transaction speeds might improve. However, in general, most ordinary users will not notice much change. The real changes for average
The impact of Federal Reserve policy and Bitcoin’s higher timeframe market structure suggest that BTC price is not yet ready for a trend reversal. Bitcoin (BTC) price continues to chop below the $22,000 level and the wider narrative among traders and the mainstream media suggests that a risk-off sentiment is a dominant perspective ahead of
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