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Meta, the parent company of Facebook, Instagram, WhatsApp and Messenger, is facing antitrust proceedings that could limit its ability to develop AI amid a field of competitors. First filed in 2021, the Federal Trade Commission (FTC) alleges that Meta’s strategy of absorbing firms — rather than competing with them — violates antitrust laws. If the …
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Bitcoin’s (BTC) price failed another attempt at breaking above resistance at $86,000 on April 16 as Fed Chair Jerome Powell dashed hopes of early rate cuts, citing the impact of Trump’s tariffs. Since April 9, BTC price has formed daily candle highs between $75,000 and $86,400, but has been unable to produce a close above …
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Eliza Labs, the developer behind the AI agent framework ai16z, announced the launch of auto.fun, a new no-code platform allowing users to launch AI agents on Web3 applications. Auto.fun allows for the creation, deployment and monetization of AI agents by non-developers without programming knowledge, according to an April 17 announcement. The platform supports the creation …
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Bybit is shutting down more of its Web3 services after axing its non-fungible token (NFT) marketplace earlier in April. According to an April 16 announcement, the exchange is shutting down its Cloud Wallet (a hosted custodial wallet), Keyless Wallet (non‑custodial multiparty computation wallet with no seed phrase), NFT marketplace, multi‑chain decentralized exchange (DEX) DEX Pro and …
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North Korean hackers linked to the $1.4 billion Bybit exploit are reportedly targeting crypto developers using fake recruitment tests infected with malware. Cybersecurity outlet The Hacker News reported that crypto developers have received coding assignments from malicious actors posing as recruiters. The coding challenges have reportedly been used to deliver malware to unsuspecting developers. Malicious …
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Mantra’s recent token collapse highlights deeper-rooted issues within the crypto industry around fluctuating liquidity levels, creating additional downside volatility over the weekend, which may have exacerbated the token’s crash. The Mantra (OM) token’s price collapsed by over 90% on April 13, from roughly $6.30 to below $0.50, triggering market manipulation allegations among disillusioned investors, Cointelegraph …
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As Polygon lays the groundwork for mainstream Web3 adoption in India by bringing blockchain access to over 450 million Reliance Jio users, it remains focused on balancing speed, scalability and affordability, without compromising on decentralization. Polygon is working with Jio, a telecom giant owned by India’s richest man, Mukesh Ambani, to find ways to infuse …
Bitcoin staking protocol Babylon saw $1.26 billion in BTC unstaked from its platform, reducing the protocol’s total value locked by 32%. On April 17, blockchain analytics firm Lookonchain flagged several addresses that had unstaked a total of 14,929 Bitcoin (BTC) from the staking platform. The security firm flagged four addresses that had unstaked 299 BTC, …
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Cryptocurrency exchange Binance is involved in discussions on establishing strategic digital asset reserves with several countries, its CEO, Richard Teng, reportedly said. Binance has been advising multiple governments on establishing strategic Bitcoin (BTC) reserves and formulating crypto asset regulations, Teng said in an interview with the Financial Times on April 17. “We have actually received …
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Bitcoin (BTC) has a new gold-inspired $155,000 target, as analysis describes both assets as “remarkably impressive.” In a post on X on April 16, popular trading and analytics account Cryptollica predicted BTC/USD copying gold to hit new all-time highs next. Analysis sees key BTC price similarities to gold Bitcoin has made the headlines for its …
Continue reading “Bitcoin gold copycat move may top $150K as BTC stays 'impressive'”
