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Day: January 31, 2022

Elon Musk says it’s more important for Tesla to make a robot than new car models this year

KEY POINTS The “Tesla Bot” is the “most important product” that Tesla is developing this year, CEO Elon Musk said Wednesday on a fourth-quarter earnings call, putting it ahead of the Cybertruck and other vehicles, including the Semi and the Roadster. The robot, code-named Optimus, “has the potential to be more significant than the vehicle …

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NFT philanthropy demonstrates new ways of giving back

Organizations and artists are using NFTs to give back to children in need, demonstrating new potential for nonfungible tokens. NFTs, or nonfungible tokens, have created a wealth of opportunities over the last year. Data from market tracker DappRadar found that NFT sales reached $25 billion in 2021. Artwork NFTs in particular have seen impressive growth. Financial services …

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Binance Restricts 281 Nigerian Users in Relation to Money Laundering Laws

Binance restricted 281 Nigerian users in relation to safeguarding international money laundering, CEO Changpeng Zhao said. Zhao said that the accounts were blocked due to a need to comply with international money laundering laws. In a letter to Nigerian customers, Zhang announced that the restriction was ordered for safety measures and more than a third of the affected …

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Ubisoft Executive Thinks Players Reject NFTs Because They Don’t Understand Benefits

Nicolas Pouard, an executive at Ubisoft, one of the leading videogame companies in the entertainment world, has issued his take on the backlash from gamers regarding the inclusion of NFTs in traditional franchises. The VP at Ubisoft’s Strategic Innovations Lab stated that this reaction could be due to a lack of awareness of the benefits …

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Crypto Exchange BitMEX Airdrops 1.5M BMEX Tokens to Users

The tokens allow users to get trading discounts and other benefits on using BitMEX. Crypto exchange BitMEX airdropped 1.5 million BMEX, its first native token, to users as it looks to revive retail interest. The tokens were airdropped based on a user’s previous activity on the exchange. The Ethereum-based tokens are locked in a five-year …

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BITCOIN, TETHER AND POKING THE FINANCIAL BEAST

Tether has long been viewed as a problem by certain organizations as it enables bitcoin businesses to operate beyond the rails of banking. One of the longest-running problems in the Bitcoin ecosystem for businesses has been banking relationships. Prior to NYDIG and their recent efforts to start plugging American banks and credit unions into Bitcoin …

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Streaming video no longer impresses investors, so media companies need a next act

KEY POINTS It may be time for streaming services to introduce more out-of-the box ways to grow subscribers. Netflix’s dramatic share plunge in January may put more pressure on legacy media companies to show growth. For the past two years, media and entertainment companies have been dead-set on showing Wall Street that they have a …

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Buterin to Use Returned $100M From SHIB Donation for COVID Projects Worldwide

CryptoRelief, the Indian COVID-19 fund that received the original donation, is returning the sum, which Buterin will use for “higher-risk higher-reward” projects. Ethereum founder Vitalik Buterin will receive back $100 million in USDC from the more than $1 billion in Shiba Inu he previously donated to the India-focused COVID-19 relief fund, CryptoRelief, the fund’s founder …

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China pilots nationwide blockchain development over real-world use cases

Some of the key areas of blockchain development include manufacturing, energy, government data sharing and services, law enforcement, taxation, criminal trials, inspection, and cross-border finance. The Cyberspace Administration of China (CAC) announced the commencement of an in-house effort to expedite blockchain development and innovation across 15 zones and 164 entities. The initiative aims for the …

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Bitcoin Whales not Throwing in the Towel, Accumulating 60K BTCs in Last 2 Months

Bitcoin might not have found its right footing since the start of the year, but this has not discouraged whale addresses from accumulating more coins. Market insight provider Santiment confirmed: “Bitcoin whale addresses with 100+ BTC continue their long-term pattern of accumulation during this volatility in the 34K to 38K range. In the past 5 years, …

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