Reading Time: < 1 minWorldcoin is a new cryptocurrency that aims to create a global digital identity. The project has been met with both excitement and skepticism, with some people praising its potential to improve financial inclusion and others raising concerns about its privacy implications. Worldcoin’s price has been on the rise in recent days, and it is currently in the alpha testing phase. It is not yet clear when it will be released to the public.
Reading Time: 2 minElon Musk has announced that he is changing the name of Twitter to X. The move is part of Musk’s plan to make the platform a more open and free speech-friendly environment. It is not yet clear what other changes Musk plans to make to Twitter, but the name change is a clear indication that he is looking to make significant changes to the platform.
Reading Time: < 1 minWorldcoin, a cryptocurrency project that uses iris scanning technology to create a global identity system, launched its mainnet on July 24, 2023. The native WLD token was listed on major exchanges, and its price surged on its first day of trading. The rise in price of WLD could be seen as a positive sign for FTX creditors, as Sam Bankman-Fried, the CEO of FTX, is one of the angel investors in Worldcoin.
Reading Time: 2 minRFK Jr. is a vocal supporter of Bitcoin and has proposed plans to use the cryptocurrency to back the U.S. dollar. His plans have been met with mixed reactions, but he remains a vocal advocate for Bitcoin.
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Reading Time: 2 minAlex Mashinsky, the former CEO of Celsius Network, was arrested on charges of securities fraud, wire fraud, and commodities fraud. The charges allege that Mashinsky and Celsius misled investors about the company’s financial health and used customer deposits to prop up the price of its own cryptocurrency token, CEL.
Reading Time: < 1 minThe Australian Securities and Investments Commission (ASIC) has cancelled the Australian financial services (AFS) licence of FTX Australia Pty Ltd (FTX Australia), effective from 14 July 2023. The cancellation comes after FTX Australia was placed into voluntary administration on 11 November 2022. ASIC suspended FTX Australia’s AFS licence on 14 November 2022, and the suspension was subsequently extended to 24 July 2023.
Reading Time: 2 minOKX Australia announced that they have hired Ex-FTX Country Manager Jamie Kennedy. With many investors still seeking answers from FTX due to an estimated 30,000 Australians that lost up to $80 million to FTX that collapsed in November 2022. The majority of these losses were incurred by retail investors who had invested through FTX.
Reading Time: 2 minNational Australia Bank (NAB) has announced that it will be blocking transfers to cryptocurrency exchanges starting July 18, 2023. The bank cited concerns about the risks associated with cryptocurrency trading, including volatility, fraud, and money laundering. The decision is likely to have a significant impact on the Australian cryptocurrency market, making it more difficult for Australians to buy and sell cryptocurrencies.
