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.
