#2022
140 articles found
Latest
Irene Zhao: Model’s Career in Crypto and Public Controversies
Irene Zhao is a Singapore-based Instagram model and a crypto influencer. She got into crypto in early 2022 when her NFT collection, IreneDAO, had a successful launch with over $5.5 million trading volume, according to data from OpenSea. IreneDAO NFTs drew the attention of YouTuber Logan Paul, who bought around 20 pieces for around $270,000. 
New Ways for Web Search: SearchGPT, Google AI Overviews, and More
Ever since OpenAI launched ChatGPT in November 2022, people were offered a new way to get information. You can easily ask the bot questions on various topics, and it will mostly give you reasonable answers. On July 25, OpenAI announced a temporary prototype that includes search features, called SearchGPT. This new feature is intended to be integrated with ChatGPT after the testing phase. Trader Faces Charges for $110 Million DeFi Scheme
U.S. authorities have indicted trader Avraham Eisenberg for orchestrating a fraud and market manipulation scheme on the decentralized exchange Mango Markets. The reports indicate that in late 2022, he intentionally drove up the price of the MNGO token by 1300%, leveraging it as collateral to secure a $110 million loan he failed to return. 
Tether's Silent Bitcoin Buying Spree
In a low-key yet significant move, Tether, the company behind USDT stablecoin, added 8,888.88 BTC (approximately $380 million) to its reserves in the previous quarter. This acquisition increased its Bitcoin stash to a hefty 66,465 BTC, valued at $2.8 billion, adhering to its policy of monthly Bitcoin purchases since September 2022. 99.75% of Crypto Investors in Israel Don’t Pay Taxes
According to the state comptroller, Israel is losing substantial revenue due to an ineffective tax system for cryptocurrency transactions. Between 2018 and 2022, the country could have collected an additional $250 million annually by taxing digital asset users.
Pro-Crypto Pastor Tokenizes Church Building
The Colorado House of Prayer has issued tokens to fund the purchase of a 19th-century stone church building, valued at $2.5 million, which their congregation has rented since 2022. This fundraising initiative is spearheaded by Pastor Blake Bush, known for his keen interest in cryptocurrencies, including investments in Ripple (XRP). Updates on Compensation for Terra/LUNA Victims
In mid-2022, the Terra platform suffered a massive collapse, resulting in over $40 billion in losses for investors. Nearly two years later, clients and creditors are still awaiting compensation. Finally, there's been progress in the case, though investors continue to feel disheartened. 
Salvadorans Show Limited Use of Bitcoin
In El Salvador, only 12% of the population reportedly used Bitcoin for payments of goods and services in the past year, marking a 12.4% decline from the 2022 statistics. This information comes from a study conducted by the Central American University José Simeón Cañas, based on face-to-face interviews with 1,280 people.