Bank of America’s Active Crypto Users Drop More Than 50% in Bear Market

Post Views: 367 Bank of America has revealed that the number of its customers who are active crypto users has declined more than 50% from its peak in November last year. In addition, the bank said its data “shows that outflows to crypto platforms have fallen sharply,” indicating that “consumers are pulling back on their…

Elon Musk’s Boring Company to Accept Dogecoin Payments for Rides on Las Vegas Transit System Loop

Post Views: 370 Elon Musk’s Boring Company will accept the meme cryptocurrency dogecoin as payment for rides on its Las Vegas transit system Loop. Musk confirmed that he is “supporting Doge whenever possible.” Tesla already accepts the meme crypto for some merchandise and Spacex will soon follow suit. The Boring Company, founded by Tesla CEO…

Demand for Hardware Crypto Wallets Increases Amid Currency Restrictions in Russia

Post Views: 399 Hardware wallets designed to securely store cryptocurrency have seen a several-fold increase this spring in Russia, on the backdrop of currency restrictions introduced amid foreign sanctions. Ledger and Tangem have been the most popular products on the market, a media report revealed. Russian crypto users have sought to purchase up to eight…

Sentient AI Does Not Equal Intelligent AI – Tau Uses Logic to Make Machines Truly Understand People

Post Views: 966 On Tau, Logical AI will enable you to participate in discussions of the size of billions of people and instantly see collective intentional meaning behind the thoughts shared over the network. This will be achieved by having people use Controlled Natural Languages (CNLs) that both humans and machines can understand. Every thought…

Bitmain Launches 2,400 Megahash E9 Ethereum Miner Ahead of The Merge

Post Views: 347 On July 6, the crypto mining rig manufacturer Bitmain announced the launch of the highly anticipated Antminer E9 after revealing the device on April 15, 2021. The machine boasts speeds of up to 2.4 gigahash per second (GH/s) and Bitmain is selling the device for $9,999 per unit. Interested buyers can purchase…

Voyager Files for Bankruptcy Citing Contagion in Crypto Markets, Three Arrows Capital’s Loan Default

Post Views: 417 Crypto lender Voyager Digital has filed for Chapter 11 bankruptcy. The company explained that the “prolonged volatility and contagion in the crypto markets” and the default of crypto hedge fund Three Arrows Capital (3AC) on a loan require it “to take deliberate and decisive action now.” Voyager Digital Ltd. (TSE: VOYG) announced…

Israeli Crypto Company Etoro Lays Off 100 Workers, SPAC Deal Terminated, Company Eyes Private Raise

Post Views: 331 The digital currency firm Etoro has revealed it is laying off 100 workers or roughly 6% of the company’s workforce. Furthermore, Etoro disclosed that the company is terminating the special purpose acquisition company (SPAC) merger planned with Fintech Acquisition Corp. Etoro says the company plans to raise funds privately now and aims…