Elon Musk explains why he wants to purchase Twitter
Elon Musk, the CEO of Tesla and SpaceX, in an extensive TED interview, revealed why he made a bid to buy Twitter for $54.20 per share, or $43 billion. Musk revealed why onstage at Ted2022 in Vancouver, Canada on Thursday saying. “I believe it is critical to have a welcoming environment for free speech,” Musk […]
Amazon might integrate NFTs in future – Amazon CEO
Andy Jassy, Amazon’s new CEO is optimistic about the future of cryptocurrencies and NFTs, she further stated that the e-commerce giant may integrate NFTs later down the line. Andy Jassy, speaking to CNBC after issuing his first shareholder letter as Amazon’s new CEO , said that while he does not own any cryptocurrencies or nonfungible […]
US Treasury traces Axie Infinity’s Ronin network attack to North Korean ‘Lazarus Group’
The US Treasury Department claims that Lazarus, a North Korean hacker group, is responsible for a $600 million crypto theft through the Axie Infinity-linked Ronin bridge. On Thursday, the US Treasury Department added an Ethereum address to its list of sanctioned entities. The address “was implicated in the Ronin hack,” according to Chainalysis, a crypto […]
Terra’s UST Reserves Dip To One-Month Low, Here’s Why
Terra’s stablecoin reserves fell to a one-month low this week, reflecting the recent slump in the crypto market. The reserves which are maintained by the Luna Foundation Guard (LFG) have a high concentration of Bitcoin. According to data from the LFG , the reserve’s total value is now $2.4 billion. It had dropped to a […]
Whale interest, Robinhood listing boost this DeFi token by over 20%
The Compound (COMP) token prices have performed well this week. The token soared over 20% in the last 24 hours, making it one of the best-performing cryptocurrencies. Multiple factors have contributed to the jump in the COMP price. Recently, the Compound token was listed on Robinhood alongside three other popular cryptocurrencies. Meanwhile, data from Santiment […]