Musk’s position as CEO helped DOGE price to gain a massive 150%, therefore, fears for the meme-based cryptocurrency may be justified at this point. On May 11, Tesla CEO Elon Musk officially…
Category: Cryptocurrency
Temasek Executives behind FTX Stake See Compensation Reduced
According to Temasek, despite the absence of any misconduct, both its senior management team and investment body assumed collective accountability and accepted a reduction in their compensation. Executives of Singapore investment firm…
Formula One Ticket Provider Platinum Group Unveils NFT Tickets for Sunday’s Monaco Grand Prix
The NFT tickets will be minted via the Ethereum scaling layer two blockchain Polygon (MATIC). The sixth race of the 22-round season for the Formula One (F1) Grand Prix held in Monaco…
Algorand Foundation CEO says ‘we don’t think about price’
Algorand Foundation CEO Staci Warden played down the significance of ALGO’s underwhelming performance, saying, “We don’t think about price.” In a recent interview with Real Vision Crypto, Warden brushed aside the relevance…
UK core inflation hits 28-Year high, boosting Bitcoin adoption as safe haven
The United Kingdom’s core inflation reached 6.8% in April, its highest level since 1992, as CryptoSlate reported in a recent insight. This surge in inflation has occurred alongside a backdrop of declining…
Nigeria CBDC experiment stumbles amid public resistance: Report
According to a report on ZeroHedge, the Central Bank of Nigeria’s (CBN), efforts to move the country towards replacing physical currency with eNaira faced significant resistance, leading to protests nationwide. With a…
On-chain Cardano analysis highlights ‘positive trends’
The Cardano network has shown “positive trends” throughout 2023 across several on-chain metrics, according to the analysis conducted by IntoTheBlock, including the examination of transaction count, transaction volume, and addresses in profit,…
Market volatility spikes after Powell hints Fed could slow rate hikes amid banking stress
Federal Reserve Chair Jerome Powell said on May 19 that the interest rates may not have to be increased as much as previously estimated to slow down the economy. Powell said that…
Revolut Launches Business Offering in Australia, Seeking Banking License
Revolut believes that license would help to ensure higher consumer confidence. Crypto-friendly fintech company Revolut has introduced an international payment-targeted business account for customers in Australia, as it is allegedly operating to…
Everything you need to know on UK regulating crypto as gambling
A recent House of Commons Treasury Committee report has stirred a heated debate by recommending that retail trading and investment activity in “unbacked crypto assets, such as Bitcoin and Ether,” be regulated…
