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XIDEN Blockchain Developer CryptoDATA Tech Announced as Official Title Sponsor of the MotoGP™ Austrian GP

PRESS RELEASE. CryptoDATA Tech was announced as the title sponsor of the Austrian Grand Prix in 2022, 2023, and 2024. CryptoDATA Tech will take top billing at the Red Bull Ring – Spielberg, which will be officially named the CryptoDATA Motorrad Grand Prix von Österreich, and will sponsor one of the most talented MotoGP riders,…
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Bitcoin and Ethereum Correct Gains, Altcoins Show Bearish Signs

Bitcoin price started another decline after it failed to settle above the USD 23,000 zone. BTC corrected gains and traded below the USD 22,000 level. It is currently (04:09 UTC) trading near USD 21,900 and is down over 2% in a day and still up 5% in a week. Similarly, most major altcoins have declined.…
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Decentralized Music Platform Audius Identifies Source of USD 6M Exploit, Says it Applied a Patch

Decentralized music platform Audius has identified the bug that had allowed a hacker to pass a malicious governance proposal and transfer tokens worth USD 6m, adding that they have applied a patch to regain control of the protocol…. Read More: Decentralized Music Platform Audius Identifies Source of USD 6M Exploit, Says it Applied a Patch…
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FTX Proposal is a ‘Low-ball Bid Dressed Up as a White Knight Rescue’ – Voyager

Crypto platform Voyager Digital argued that a joint offer proposed by crypto exchange FTX and linked trading firm Alameda is a “low-ball bid” that could disrupt the company’s bankruptcy process, to which FTX CEO Sam Bankman-Fried replied that the offer would provide Voyager customers with 100% of the remaining assets that Voyager has, as opposed…
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Stablecoin projects need collaboration, not competition: Frax founder

As long as stablecoin “liquidity is growing proportionally with each other,” there won’t ever be true competition between stablecoins, says Frax Finance’s Sam Kazemian. Stablecoin projects need to take a more collaborative approach to grow each other’s liquidity and the ecosystem as a whole, says Sam Kazemian, the founder of Frax Finance. Speaking to Cointelegraph,…
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Yuga Labs ‘inappropriately induced’ BAYC investors: Class action

Law firm Scott+Scott alleges that Yuga Labs promoted a chance at huge returns on investment to “unsuspecting investors.” A proposed class-action lawsuit alleges that Yuga Labs “inappropriately induced” the community to buy Bored Ape Yacht Club nonfungible tokens (NFTs) and the project’s affiliated ApeCoin (APE) token. The proposed class-action driven by law firm Scott+Scott was…
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Will the Fed prevent BTC price from reaching $28K? — 5 things to know in Bitcoin this week

Bitcoin prepares for what promises to be a tense week of rate hikes, earnings and more as BTC fails to reclaim crucial trendline. Bitcoin (BTC) enters a new week with a question mark over the fate of the market ahead of another key United States monetary policy decision. After sealing a successful weekly close —…
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The University of Tokyo to offer courses in the Metaverse

The project has been launched to address the lack of skilled personnel working on rapidly evolving technologies in Japan. The University of Tokyo, also known as Todai is set to offer a range of study programs later this year that will take place in the Metaverse. According to a Saturday report from the local news outlet…
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Experts clash on where virtual reality sits in the Metaverse

Experts have given mixed views on what role virtual reality technology will have in the Metaverse. Virtual reality (VR) will eventually have a place within the Metaverse, but not for the foreseeable future given its slow adoption rates, according to experts. There isn’t much that can rival the experience of having one’s senses almost immersed…
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Donald Trump Warns US Economy Is Facing ‘Much Bigger Problem Than Recession’ — ‘We’ll Have a Depression’

Former President Donald Trump has warned that the U.S. economy is facing “a much bigger problem than recession.” Noting that “We’ll have a depression,” he stressed: “We have to get this country going, or we’re going to have a serious problem.” Donald Trump on Economic Recession and Depression Former President Donald Trump warned…
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