Bitcoin continued to garner attention globally as a national legal tender with Central African Republic becoming the latest suitor. President Faustin-Archange Touadéra signed the bill into law on Wednesday and his chief of staff Obed Namsio hailed the move as one that could forever change the economic fabric of a country that has been embroiled in rebel violence for many years now. Namsio said the bill was supported by the president because it would improve the citizens’ status. He added it would open up new economic opportunities for the landlocked country. The new bill provides a framework ..read more

The Founder of Cardano (ADA) has invited Tesla owner and billionaire, Elon Musk, to work with him in developing the first decentralized social media platform. Charles Hoskinson, who also doubles up as the CEO of Input-Output Global is offering to help Elon Musk achieve his goal of free speech on social media. The news follows Elon Musk’s acquisition of a stake in Twitter last week. The Billionaire bought 9.2% of Twitter, estimated at $2.89 Billion, and was even offered a seat on the micro-blogging site’s board. However, after deliberations, Elon passed on the offer since it would bar him from ..read more

In a surprising turn of events, Tesla CEO Elon Musk has declined the offer to join Twitter’s board. After a week of anticipation and memes, the CEO of Twitter, Parag Agrawal, has shared a post letting people know that the billionaire will not be joining Twitter’s board of directors after all. This came as a surprise to so many especially because Elon Musk seemed to be somewhat excited to attend the first board meeting in the past week. Elon Musk is Twitter’s Largest Shareholder Barely a week ago, Musk became Twitter’s largest shareholder when he bought nearly 10% stake of the social media gia ..read more

Billionaire Elon Musk has yet again made headlines as the Tesla and SpaceX CEO recently bought a 9.2% stake in social media company Twitter. According to the new SEC Filing, Musk holds 73,486,938 shares in Twitter, representing nearly a 9.2% worth of passive stake in the company, which makes him one of the biggest shareholders of the platform. Musk Buys 9.2% Stake In Social Media Company Twitter According to the Securities and Exchange 13G Filing shared on Monday, Musk has acquired a 9.2% stake in Twitter which is worth $2.89 billion. The particular investment has made Musk one of the biggest ..read more

The SEC in Thailand has banned crypto payments in the country. Its new decision is expected to become enforceable in April. The SEC reiterated that the government still maintained support for the blockchain industry, clarifying that the decision does not affect crypto investments. The Securities Exchange Commission today has placed restrictions on crypto as a means of payment. They believe that it poses risks to the nation’s financial stability. Crypto Payments Outlawed Thailand’s SEC today has outlawed the use of crypto as a medium of exchange in the country. The regulators came up with th ..read more

Russia’s imminent invasion of Ukraine has had dire consequences on the cryptocurrency ecosystem. At the close of the week, Bitcoin, Ethereum and other altcoins took a steep dive. Ethereum’s founder, Vitalik Buterin has voiced his concern against an invasion. As the world watches with bated breaths, investors are dumping their digital assets in anticipation of chaos. In the midst of it all, the Russian-Canadian founder of Ethereum tries to be the voice of reason. Russia and Ukraine’s Dance Is Hurting Crypto On Friday, the cryptocurrency market experienced a blip in prices that led to the los ..read more

The top right-hand man of Warren Buffett’s Berkshire Hathaway company, Charlie Munger, recently dropped a provocative bombshell on the crypto world, after likening the frenzy around bitcoin and altcoins adoptions to “venereal disease”. A disgusted Charlie, during a Q&A session at the LA-based Daily Journal Corp, openly blurted: “I’m proud of the fact that I avoided it. It’s like some venereal disease. I just regard it as beneath contempt. Some people think it’s modernity, and they welcome a currency that’s so useful n extortions and kidnappings [and] tax evasion.” Charlie, a 98-year-old b ..read more

The U.S. Securities and Exchange Commission (SEC) has reportedly opened a probe into Binance.US, the American branch of the world’s biggest crypto exchange Binance, and its trading affiliates. Probe Into Binance.US Ongoing Citing people familiar with the matter, The Wall Street Journal reported on Tuesday that the SEC is investigating the relationship between Binance.US and trading firms Sigma Chain AG and Merit Peak Ltd. Former executives, as well as corporate documents from 2019, confirm that the founder and CEO of Binance, Changpeng Zhao, helmed both firms as of late 2021. Sigma Chain AG a ..read more

Barely six weeks into 2022 and the crypto market may have just witnessed its biggest DeFi attack of the year. A few hours ago, an unidentified hacker quickly crept under the Ethereum-Solana bridge (typically used to facilitate seamless transactions between ETH and SOL holders) stealing close to $320 million as at last valuation. Wormhole Crypto, the official Twitter account behind the SOL-ETH interoperability protocol, has come out to confirm the attack, adding that it would replace all 120k wrapped Ethereum tied to several Ethereum users and bear the losses thereof. It has also offered the h ..read more

Microsoft has signaled strong interest in the metaverse with the latest acquisition of Activision. The deal is worth a staggering $69 billion and will be finalized over the next few months. This is not the first time that tech giants will be dabbling into the metaverse. It is easy to argue that gaming might be the best application for NFTs and the metaverse and Microsoft certainly agrees. The company’s latest acquisition signals intent to be a major player in the growing metaverse industry. The Deal According to an announcement by the Microsoft News Centre, the tech company will acquire Act ..read more