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Binance Introduces New Fan Engagement Platform for Ukrainian Football Team FC Shakhtar
Binance has announced that it will introduce a new fan programme for Ukraine football team FC Shakhtar.
Snowtrace to End Etherscan-Powered Service by Nov 30
Snowtrace.io, a blockchain explorer for Avalanche C-Chain, will discontinue its Etherscan-powered explorer on November 30, 2023, due to high EaaS service costs. Users are advised to backup data and Ava Labs suggests a better solution transition.
Fortune Business Insights: Blockchain-as-a-Service Market to Skyrocket to $24 Billion by 2027
Fortune Business Insights, a leading publisher of market research reports, has revealed that the blockchain-as-a-service (BaaS) sector will escalate to $24.94 billion by 2027 from $1.9 billion recorded in 2019, representing a compound annual growth rate (CAGR) of 39.5%. This uptrend will be fueled by small and medium enterprises (SMEs) as they are viewing blockchain technology as an optimal solution for the numerous challenges they face, like access to bank loans, trade financing, and cash flow difficulties.
Silk Road Programmer Pleads Guilty for Covering Up His Darknet Involvement to FBI and IRS
Silk Road computer programmer Michael R. Weigand pleaded guilty for providing false statements regarding his involvement with the darknet marketplace.
Binance Halts Certain Trading Pairs and Disables PayID AUD Deposits Amid Tightening Australian Regulations
In an ongoing adaptation to tighter Australian regulations, Binance, the world's largest cryptocurrency exchange, has announced significant changes affecting its Australian users.
Yuga Labs Acquires Roar Studios to Expand Metaverse Vision
Yuga Labs, known for Bored Ape Yacht Club, has agreed to acquire Roar Studios, enhancing its metaverse vision.
Bitcoin Lightning Network Capacity Breaches 3,000 BTC for the First Time
The Bitcoin Lightning Network has been seeing an uptick in activity because it crossed the 3,000 BTC capacity for the first time.
Liechtenstein's Ground-Breaking Blockchain Business Law At a Glance
Liechtenstein's introduction of the world’s first blockchain business law represents an important milestone in the evolution of legal frameworks to support blockchain business.
Thai Central Bank Issues Stern Warning about Thai Baht Digital (THT) Stablecoin
The Bank of Thailand is warning citizens against using the illegal THT stablecoin.
Bitcoin Lightning Network Would be Practical for Small Payments than Debit Cards, Morgan Stanley Says
The Bitcoin Lightning Network attracts fees close to zero, so it becomes more practical to use it when undertaking small payments than a debit card, according to leading investment bank Morgan Stanley.
Apple Faces Major Complaint for Tracking Code that Allegedly Violates EU Privacy Regulations
A complaint that alleges that Apple’s Identifier for Advertisers code (IDFA) is a privacy breach going against European laws has been filed.
Yuga Labs Acquires IP Rights to CryptoPunks and Meebits
The startup behind the Bored Ape Yacht Club NFT collection, Yuga Labs has acquired the Intellectual Property rights to the CryptoPunks and Meebits collections from LarvaLabs.
Lightning Labs and Tari Labs agree to halt Taro protocol development
Lightning Labs and Tari Labs agreed to halt the development of the Taro protocol, after a temporary restraining order was converted into a preliminary injunction by the courts. The order was issued due to Tari Labs' claims that the name Taro infringed on its trademark rights. Lightning Labs is now unable to update or announce any milestones of the protocol until a court decision is reached.
Bitcoin Price Bull Run Intact Despite $1700 Price Dive on Sunday
The Bitcoin price went on a wild ride over the weekend, the bulls pushing the Bitcoin price up to $12,100, before the world’s biggest cryptocurrency plunged back to $10,640 within a matter of minutes.
UK Court Rules Against Craig Wright's Claims of Being Satoshi Nakamoto
A UK judge has ruled that Craig Wright, who claimed to have written the Bitcoin whitepaper, is not the elusive Satoshi Nakamoto.
Bitcoin Lightning Network Hits ATH, Signalling Heightened Grounds for Adoption
The Bitcoin Lightning Network continues going through the roof by making historic highs.
New York Times Square Billboard Demands Release of Silk Road Darknet Drug Trafficker
A billboard in Times Square has been hired by the ‘Free Ross’ movement as part of a campaign to release the Ross Ulbricht, founder of the Silk Road drug trafficking marketplace on the darknet.
EU to Regulate AI Use of Copyrighted Material
The European Union has passed a draft bill to regulate AI use of copyrighted materials. AI tools will be classified according to their risk level, with high-risk tools subjected to stricter transparency procedures. The bill is part of the EU's Artificial Intelligence Act and aims to strike a balance between protecting citizens and fostering innovation.
TBD's Block Launches c= to Enhance Bitcoin Lightning Network
TBD, a division of Block, has launched c=, a venture aimed at improving the Bitcoin Lightning Network by providing added liquidity and routing services. The Lightning Network is a layer 2 payment network designed to make Bitcoin more accessible through faster, cheaper, and more reliable transactions.
UK Court of Appeal Examines Copyright Claims over Bitcoin File Format
UK Court of Appeal reviews Dr. Craig Wright's claim of copyright infringement over the Bitcoin File Format. Wright alleges he is Bitcoin's creator, 'Satoshi Nakamoto'. The case's outcome could impact digital asset copyrights.
NFT Market Sees Upward Trend with Steady Increase in Weekly Ethereum Volumes
The NFT market has seen a significant recovery, with weekly Ethereum volumes increasing from 29,704 ETH to 68,342 ETH, with marketplaces like Blur and BAYC experiencing high trade activity.
Grimes Offers to Split Royalties with AI-Generated Music Creators
Musician and producer Grimes has announced that she is in favor of AI-generated music and will treat AI creators using her voice the same as other artists she collaborates with. She plans to split 50% royalties on any successful AI-generated song that uses her voice. Grimes has no label and supports open-sourcing art, ultimately “killing copyright.”
Proposal for ApeCoin to Move Away from Ethereum Favoured by APE Whales
A campaign of "ETHxit" is ongoing. ApeCoin DAO holders are voting to decide if they should move ApeCoin away from Ethereum to its blockchain or remain on the ETH chain. Currently, the majority goes to "leave".
Bitcoin Hodlers are Unwilling to Spend at Lower Prices as Most Coins Remain Untouched
Despite the bearish momentum experienced in the Bitcoin (BTC) market, long-term hodlers remain steadfast because they are not selling.
Ethereum's Vitalik Buterin Thinks Mining Monero on HTC Phones is a “Fool’s Game”
Ethereum co-creator has downplayed the partnership between HTC and Midas Labs, which enables Monero mining on mobile phones.
Facebook's Rebranding of Libra Stablecoin to Diem May Face Copyright Infringement Lawsuit
Facebook’s idea to rebrand its Libra stablecoin project to “Diem” may not be as smooth sailing as what the corporate firm had in mind.
Bitcoin Supply on Exchanges Slip to Lows Last Seen in May 2019 Amid the Lightning Network Recording Exponential Growth
Bitcoin (BTC) supply on crypto exchanges has been nosediving because it hit a 28-month low.
Malaysia's National Stock Exchange Conducts Blockchain PoC to Digitize Bond Market
Malaysia’s national stock exchange, Bursa Malaysia will conduct a blockchain Proof-of-Concept (PoC) dubbed "Project Harbour" to explore the DLT management of the country’s bonds market.
Sparkswap Decentralized Exchange Shuts Down Citing Low User Volume
The decentralized exchange, Sparkswap which is backed by Pantera Capital has made an announcement that it is going to shut down permanently. The announcement came from the editor of Sparkswap exchange, Trey Griffith who attributed the shutting down of exchange to the low and weak user base of the exchange.
Walmart Canada Delves Deeper into Blockchain with DLT Labs Tie-Up
Walmart Canada has teamed up with DLT Labs for its blockchain-driven freight and payment network that is touted to be the world’s most prominent full production blockchain solution for any sector application.
Iran Court Releases Crypto Mining Equipment
In June 2022, Iran's energy usage reached 62,500 megawatts (MW). Iran currently holds 0.2% of the Bitcoin hash rate, up from 0.12%. Crypto-mining equipment confiscated to preserve energy was released by a judge.
DWF Labs' Andrei Grachev Fires Back at GSR Cristian Gil
A Twitter feud between Andrei Grachev of DWF Labs and Cristian Gil of GSR.io has ignited discussions about the state of the crypto market and the role of market makers. The public disagreement has even led to a proposition for a "Crypto Fight Night," where the loser would have to leave the crypto markets.
Bitcoin’s Lightning Network Capacity Crosses 5,000 BTC Benchmark
The capacity of Bitcoin’s lightning network has crossed the 5,000 BTC benchmark, data shows.
Yuga Labs to Raise $50m by Launching New NFT Collection "Mecha Apes"
Yuga Labs, the startup that developed the Bored Ape Yacht Club (BAYC) series of NFTs, plans to launch a new NFT series, “Mecha Apes”, by the end of this year.
Craig S Wright Challenges Cypherpunk Interpretation of Bitcoin
Dr. Craig S Wright criticizes the cypherpunk movement for misinterpreting Bitcoin's goals, emphasizing on Twitter and his blog the importance of legal frameworks in cyberspace. He highlights the growing global regulations due to cybercrime, and explores blockchain technology's potential and the necessity of legal adherence for its evolution across various sectors.
Major Strip Club in Las Vegas Crazy Horse 3 Accepts Bitcoin as Payment
Las Vegas-based adult strip club Crazy Horse 3 has announced the acceptance of bitcoin as a payment method, aiming to provide customers with a more private way to enjoy facilities and services.
UNICEF to Commemorate its 75th Anniversary of Changing Children’s Lives by Selling 1,000 NFTs
To celebrate efforts of saving children's lives and defending their rights for seventy-five years, UNICEF intends to sell 1,000 data-driven NFTs.
Coinbase to Integrate Bitcoin's Lightning Network: A Deep Dive
Coinbase plans to integrate the Lightning Network (LN) as a secondary payment layer to enhance Bitcoin's transaction efficiency and cost-effectiveness. LN addresses scalability issues by enabling off-chain transactions, reducing fees and processing times, and promoting Bitcoin's mainstream acceptance.
Henry Cheng's owned Knight Dragon to Issue 100,000 Tokens for Luxury Real Estates in London
Hong Kong property tycoon Henry Cheng's owned Knight Dragon announced Tuesday that it plans to issue 100,000 security tokens, named KDB4 for investors to invest in real estate items in London.
Did Satoshi Nakamoto Move His Bitcoin Yesterday? No, But Craig Wright Shot Himself in the Foot
On Wednesday a Twitter bot reported that a Bitcoin transaction came from a wallet that possibly belonged to Satoshi Nakamoto, the anonymous creator of the network and author of the Bitcoin whitepaper. Oh and Craig Wright trips over own story,
EU Court Upholds Privacy in Encrypted Messaging Ruling
The European Court of Human Rights has upheld privacy and freedom of expression, rejecting backdoor demands in encrypted messaging services, highlighting potential security risks.
HTX Hacker Returns Stolen Ether, Rewarded with Bounty
The hacker who stole 5,000 Ether from Huobi Global's exchange HTX returned the funds on October 7, following a bounty offer from HTX. The exchange had offered a 5% bounty of the stolen funds if returned by an October 2 deadline. Upon the return of the stolen funds, the hacker was rewarded with a 250 ETH bounty, valued at approximately $410,000. The return of the funds and the bounty payout was publicly acknowledged by HTX adviser Justin Sun.
U.S. Houston Firefighter’s Pension Fund Invests $25 Million in Bitcoin and Ethereum
The Houston Firefighters' Relief and Retirement Fund, which manages nearly $5.5 billion in assets, announced that it has invested in cryptocurrencies.
BNY Mellon's Subsidiary Insight Investment Doubts about Bitcoin as Payment Medium
Despite the Bank of New York Mellon (BNY Mellon) becoming the first global bank that allows customers to hold, transfer, and issue digital currencies, Insight Investment, a subsidiary of BNY Mellon, reveals its sceptical attitude towards Bitcoin as the means of payment.
Bitcoin's Taproot Upgrade Goes Live: Here are Expected Changes
The Bitcoin Network's Taproot Upgrade has gone live at a block height of 709,632.
Crypto Data Firm Kaiko Raises $53m from Investors Led by Eight Roads
Blockchain data startup, Kaiko has raised $53 million in its Series B funding round, tripling the company’s valuation amidst the bearish crypto market terrain.
Blockchain Industry Will Be Valued at $21 Billion Globally by 2025, Research Suggests
A research study by Fortune Business Insight, a market reporting and consulting firm, suggests the global blockchain industry will be valued at a mammoth $21 billion in the next five years. The report explored the rise of financial technology and blockchain companies working towards financial inclusion and targeting developing countries and regions to leverage growth. Such regions, incidentally, have witnessed a growth in educated talent in the past decade, and are well-suited to interact with and understanding distributed ledger mechanisms.
Predictions of Rising Potential for Bitcoin and Ethereum in 2020
A recent Forbes article gives us insights into the driving forces which could determine the trends to follow in the upcoming year, within the cryptocurrency market. Read more in the article below, with insights from leaders from BIS, NEM Ventures, Close Cross, and CVA.
WordPress Plugin to Boost Copyright Protection by Timestamping Content on the EOSIO Blockchain
Upon setting up a plugin dubbed WordProof Timestamp, WordPress users will be able to encode their content on EOSIO blockchain, securing copyright protection.
OpenAI Negotiates Licensing with Major Media Amid NY Times Copyright Dispute
OpenAI is negotiating content licensing with major media outlets like CNN, Fox, and Time, amidst a copyright lawsuit with The New York Times. The talks highlight the evolving relationship between AI technology and media copyright, with issues like fair compensation and legal clarity at the forefront.
Alibaba Launches NFT Marketplace for Copyright Trading
Alibaba has launched a new marketplace for trading copyright licenses.
Blockstream's Greenlight Officially Launches, Promising Simplified Lightning Operations
Blockstream has officially launched Greenlight, a Lightning-as-a-Service (LaaS) solution, aimed at alleviating the operational challenges of managing Lightning network nodes while enhancing security. The service, revealed in June and launched on October 12, 2023, allows developers to retain key control, reducing risks and freeing up essential resources for core business operations. Greenlight offers a blend of convenience and self-custody, making it a noteworthy advancement in the blockchain and Lightning network domain.
US Sanctions Crypto Addresses of Russian Hackers Accused of Running Presidential Election Interference
The US has released a sanctions list of Russians and their crypto addresses, under allegations that they have been interfering with the presidential election.
IRS Criminal Investigations Puts $625,000 Bounty on Monero Privacy Crack and BTC Lightning Network Tracker
IRS Criminal Investigations have put a $625,000 bounty on the heads of Monero (XMR) privacy and BTC Lightning Network (LN) transactions.
IMF Educational Cryptocurrency Video Receives Backlash from Bitcoin and Crypto Experts
A video posted by the International Monetary Fund (IMF) on its social platform has generated a lot of criticism from the cryptocurrency community.
SEC Chief to Testify Before House Committee on Crypto Oversight
SEC chief Gary Gensler will face questioning from the House Financial Services Committee on April 18 regarding his approach toward the crypto ecosystem. The committee will focus on Gensler's rulemaking and approach toward crypto assets and lay down a regulatory sphere for digital assets.
5 Ways The Crypto Market Has Changed In 2020
The cryptocurrency market is constantly evolving. Among new investment methods, new technologies, and new cryptocurrencies altogether, these are some of the most prominent developments in 2020.
Cash App Introduces Bitcoin Transactions via Lightning Network
The payment processing app created by Block Inc, Cash App, has now accepted bitcoin transactions, enabling users to both send and receive Bitcoin via the lightning network.
EU Drafts AI Bill to Address Copyright Concerns
The European Union has passed a draft bill that will classify AI tools according to their risk level and impose stricter transparency procedures for high-risk tools. The bill is part of the EU’s Artificial Intelligence Act and aims to address concerns around the use of copyrighted materials in AI training.
COPA Sues Self-Declared Bitcoin Founder Craig Wright
Cryptocurrency Open Patent Alliance (COPA), an initiative created by Twitter CEO Jack Dorsey’s payment company Square, has moved to sue Craig Wright over the Bitcoin white paper.
Is Bitcoin on the Verge of Forming the Bottom?
The Long-Term Holder NUPL (LTH-NUPL) indicator shows Bitcoin’s bottom is forming since it is at the same level as the past two significant pullbacks of 2021.
Tesla Shares Plummet as Bitcoin Sinks to $50,000
Tesla’s shares have plummeted by around 3.8%, following a massive sell-off wave that overtook tech stocks and the cryptocurrency market.
Coinbase CEO Brian Armstrong hints at Lightning integration
Coinbase CEO Brian Armstrong has hinted that the cryptocurrency exchange may integrate Lightning, a layer 2 scaling solution for Bitcoin. Armstrong did not provide any further details on the potential integration, which would make Coinbase one of the largest trading platforms to adopt the technology.
Bitcoin Remains Bullish Based on the Formation of an Ascending Channel
The formation of a parallel channel on the daily chart suggests BTC can still drop to $57,000-$54,000 to then rebound towards $75,000, according to analyst Ali Martinez.
Twenty-Two Highlights from TRON’s Historic 2022
For TRON DAO, 2022 was a year of historic growth. Here are 22 highlights from the fastest growing public blockchain’s record year
Gamers in Africa Can Earn Bitcoin While Playing Classic Titles
Zebedee has partnered with Bitnob to allow African gamers to earn Bitcoin while playing classic games such as Counter-Strike. The Bitcoin Lightning Network will allow game developers to replace in-game points with Bitcoin, which can then be converted to local currencies.
Bitcoin Scarcity Scales the High as Illiquid Supply Hits 85% in the Last Three Months
92% of Bitcoin supply hasn't moved in at least 30 days and 85% of this has been immobile for at least 3 months.
Misuse of Facial Recognition: The $10M Macy's and Sunglass Hut Legal Battle
Harvey Eugene Murphy Jr. sues Macy's and Sunglass Hut for $10 million over wrongful arrest and assault, highlighting flaws in facial recognition technology and its serious consequences.
ACE Exchange President Michael Wang Arrested
Michael Wang, President of ACE Exchange, was recently arrested on charges of fraud and money laundering, marking a significant event in the cryptocurrency industry.
US Treasury Suggests Easier Oversight for Nonbank Financial Institutions
The US Treasury and top financial regulators have proposed new rules to ease the Federal Reserve's designation of nonbank institutions as systemically important. Treasury Secretary Janet Yellen raised concerns over nonbank institutions' lack of supervision and the potential for financial contagion during periods of distress.
Chess Grandmaster Garry Kasparov Supports Bitcoin as Tool for Human Rights and Financial Autonomy
Chess Grandmaster and rising human rights advocate, Garry Kasparov, sees cryptocurrencies like Bitcoin and Ethereum as a way to fight tyranny and restore liberal democracies.
Bored Ape Yacht Club Enters the Movie Scene, Pairing with Coinbase
Seen as the face of the non-fungible token (NFT) market, the Bored Ape Yacht Club (BAYC) has entered the silver screen based on a series of animated short films called “The Degen Trilogy.”
Steamboat Willie Enters Public Domain, Inspires NFT and Meme Coin Craze
The public domain's "Steamboat Willie" Mickey Mouse version has sparked the creation of popular NFTs and meme coins, marking a new era in digital art and copyright freedom.
Bitcoin Economy Gives El Salvador Village Hope Amidst COVID-19
Despite being heavily impacted by the COVID-19 pandemic, a small beach town in El Salvador, dubbed El Zonte, have strived to keep their economy afloat with the integration of Bitcoin as a digital currency.
Microsoft and AFL-CIO Forge Partnership to Navigate AI's Impact on the Workforce
Microsoft and AFL-CIO's partnership marks a significant step in integrating AI into the workforce, focusing on worker education, labor rights, policy influence, and ensuring AI meets workers' needs.
Craig S. Wright Explores 'Code is Law' Paradigm in Digital Governance Debate
Dr. Craig Wright's blog post on "Open-Source Development" rekindles debate on "Code is Law" principle, emphasizing the need for a balanced approach balancing code precision with legal considerations.
Montana Passes Crypto Miner Rights Bill
Montana’s House of Representatives passed Bill number 178, which seeks to enshrine the rights of crypto miners and prohibit local authorities from obstructing crypto mining operations. The bill now awaits Governor Greg Gianforte’s signature to become law. The legislation establishes a “digital asset mining right,” forbids discriminatory electricity rates charged to crypto miners, and removes the authority of local governments to use zoning laws to impede crypto mining activities.
Ripple Rolls Out On-Demand Liquidity Solutions in Sweden and France
To render seamless and real-time cross-border payments, Ripple, a leader in blockchain and crypto enterprise solutions, has established On-Demand Liquidity (ODL) solutions in France and Sweden.
Bitcoin Flips Visa Again
Bitcoin (BTC) market valuation surpassed Visa's after a near 50% price increase in 2023. BTC has "flipped" the payment giant three times.
Shopify Inks Deal with Strike, Enabling Bitcoin Lightning Payments
Merchants on Shopify, a global e-commerce giant, will have the option of receiving Bitcoin off-chain payment through the Bitcoin Lightning Network after sealing a deal with Strike.
Self-Acclaimed Bitcoin Inventor Craig Wright Vindicated in Kleiman Lawsuit
A federal jury in Miami has vindicated self-acclaimed Bitcoin (BTC) inventor Craig Wright in a lawsuit involving him and his late business partner, Dave Kleiman.
Mastercard's Dynamic Yield Launches AI-Driven Shopping Muse to Enhance Online Retail
Mastercard's Dynamic Yield has introduced "Shopping Muse," an AI-driven personal retail assistant tool, enhancing its digital personalization and AI portfolio to provide personalized product recommendations and meet evolving retail industry demands.
SEC Chair Gensler Faces Congressional Pressure Over EU Coordination and Lack of Transparency
The House Committee on Oversight and Accountability has intensified scrutiny on SEC Chair Gary Gensler over the SEC's coordination with the EU on legislative matters and a perceived lack of transparency. The discord, highlighted in a letter dated October 12, 2023, follows a pattern of communication deadlock between the SEC and Congress, with implications on broader legislative and regulatory frameworks. The Committee expects more forthright engagement from the SEC by October 19, 2023, threatening compulsory processes for compliance.
AI Companies Respond to Copyright Infringement Claims
Stability AI, Midjourney, and DeviantArt have responded to a lawsuit brought by artists who claim that their work was used without permission to train generative AI systems. The companies argue that the resulting AI-generated images are dissimilar to the artists’ work, and that the lawsuit lacks specific information about the allegedly misused photos.
Huobi Token Breaches $29.54 - What's Next?
Huobi Token (HT) hit a record high of $29.54. What should we expect from the token in the upcoming days?
iFinex Proposes $150 Million Share Buyback from Bitfinex Hack Victims
iFinex, Bitfinex's parent company, plans a $150 million share buyback to re-acquire shares given as compensation for a 2016 hack. The offer follows a valuation surge from $120 million in 2016 to $1.7 billion, providing an exit route for investors. Shareholders have until October 24 to respond to the buyback offer.
Coinbase is challenging the U.S. Treasury over the recent tornado cash sanctions
Coinbase is suing the U.S. Treasury for listing Tornado Cash on the SDN List, arguing it violates digital privacy and regulatory authority in the cryptocurrency sector.
SEC Charges FTX Auditor Prager Metis Over Independence Violations
The SEC has charged Prager Metis with violations of auditor independence laws, drawing attention due to its previous engagement with cryptocurrency exchange FTX, which filed for bankruptcy in 2022. The legal action emphasizes the crucial role of auditor independence in ensuring financial transparency and investor protection.
Lightnet Group Lands $50M to Help Scale Velo Blockchain Protocol
Global investment firm LDA Capital has committed $50 million to Lightnet Group, a blockchain financial technology startup to help in building out its infrastructure.
Elon Musk: Lightning Network Needed to Fix Scalability Problem in Bitcoin Network
Elon Musk urges that layer-2 payments Lightning Network is essential to offer the required bandwidth for Bitcoin transactions to solve its scalability problem.
Chainalysis Research: Crypto Assets Worth $50 Billion Exited China in 2019
Tether and cryptocurrency assets valued at nearly $50 billion left China in 2019 according to Chainalysis.
Blockstream Samson Mow on Scalability: Bitcoins are Tanks while Altcoins are Bicycles
Towards the end of 2017, the cryptocurrency market was in a state of delirium. Bitcoin set record price after record price and reached a peak of around $20,000 USD per token. During this market frenzy, a huge issue long-suspected by educated developers was finally revealed—the bitcoin network had become overloaded and was running against the limits of its capacity, unable to scale beyond seven transactions per second.
Universal Music Group Calls for AI Music Copyright Protection
Universal Music Group has called for streaming services to block AI services from harvesting melodies and lyrics from copyrighted songs. AI-generated music on Twitter, YouTube, and popular streaming platforms, such as Spotify and Apple Music, has raised concerns about intellectual property rights.
Exclusive: How is Blockchain Disrupting the Music Industry Globally?
With the widespread of blockchain technology used in different industries in the past decade, Sean Jong from K-Tune in Korea explains how blockchain can address the current pain points in the traditional music industry. He also explains the role of blockchain in royalty distribution and copyright infringement!
Bored Ape Yacht Club Creators Launch Bitcoin NFT Collection
Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC), have launched a new collection of 300 tokenized computer-generated artworks on Bitcoin called TwelveFold. The collection is based on mathematics, time, and the Bitcoin blockchain. The announcement comes amidst falling search interest for NFTs, however, trading volume data for February indicates the market is still strong. In other news, the Golden Key NFT, won by Twitch streamer Mongraal in a Dookey Dash competition hosted by Yuga Labs, has been sold for 1,000 Ether to BAYC NFT hodler Adam Weitsman. Polygon Foundation has partnered with Lotte Group to host the conglomerate's NFT projects on its Ethereum layer 2 scaling network Polygon, and intends to develop its Web3 initiatives in partnership with Polygon. Finally, a group of Japanese tech companies have agreed to forward the creation of the Japan Metaverse Economic Zone and an open metaverse infrastructure called "Ryugukoku."
NYDIG Launches Wolf an Accelerator for the Lightning Network
NYDIG's parent company, Stone Ridge has launched a new accelerator designed for the Lightning Network
UK Government Wants FCA Oversight on Crypto Investment Advertising
The UK Government has proposed that crypto asset promotions should fall under the scope of the Financial Conduct Authority’s existing oversight and does not require a whole new framework just for digital assets.
Japanese Advertiser Dentsu Offers Influential Manga Comic Critics Blockchain Rewards
A Japanese advertising behemoth, Dentsu has partnered with Kadowkawa ASCII Research Labs to help local content creators on popular streaming apps to gain recognition and have their work critiqued by the public.
Google Unveils IP Indemnity for Generative AI Users
Google Cloud has introduced a two-fold IP indemnity scheme to shield users of its generative AI services from possible legal challenges regarding copyright infringements. This initiative, encompassing both the training data and generated output, reflects a proactive risk mitigation strategy to foster a secure and conducive environment for leveraging generative AI capabilities.
Ninety Eight Launches $25M Ecosystem Fund to Boost Web3 Startups in Asia
Ninety Eight, transitioning from Coin98 Finance, has launched a $25M Ecosystem Fund to support Web3 startups in Asia, leveraging the Viction blockchain and $C98 token.
101 Azuki Purchaser 'LastKnight' is Adrian Cheng
Adrian Cheng has been revealed to be the mysterious "LastKnight," who bought 101 Azukis amidst ongoing controversy.
Craig Wright's Settlement Offer in Bitcoin Litigation Sparks Debate Over Decentralization
Dr. Craig Wright, self-proclaimed Bitcoin creator, has offered a settlement to COPA in ongoing legal battles, raising questions about Bitcoin's decentralization and the future governance of the cryptocurrency.
New Bitcoin Lightning Network Vulnerability Exposed: The Replacement Cycling Attack
A new vulnerability termed as "replacement cycling attack" on the Lightning Network has been unveiled by a developer known as mononaut. The attack manipulates the transaction mechanism of the network, potentially causing financial loss to users. This revelation has led to the resignation of security researcher Antoine Riard from the Lightning Network development team. Despite the challenges, the network's locked-in value stands at $159.5 million, indicating its growing popularity since 2018.
U.S. Moves to Combat Deepfake Pornography with the Preventing Deepfakes of Intimate Images Act
Representative Joe Morelle introduces the Preventing Deepfakes of Intimate Images Act, a bipartisan legislation criminalizing the creation and distribution of non-consensual deepfake pornography, primarily affecting women and girls.
OpenAI Dismisses NYT Copyright Lawsuit as Baseless Amid Rising Legal Challenges
OpenAI has dismissed a copyright lawsuit by The New York Times, which alleges unauthorized use of its content for AI chatbot training, as "without merit." The case highlights significant challenges in AI and copyright law.
US Television Network Provider Dish Aims to Track and Stop Piracy Using New Blockchain Systems
In recent years with subscribers moving to newer forms of media, including internet-based streaming services such as Netflix, Dish has struggled to maintain its customer base, with 381,000 subscribers lost in 2018’s Q4.
Bitcoin Lightning Network Goes Parabolic after Hitting ATH Capacity of 2,738 BTC
The Bitcoin lightning network has been experiencing an uptick, given that its capacity recently reached a record high of 2,738 BTC.
Major Fat Finger Error as BAYC NFT Acquired for $3K Instead of $300K
A major “fat finger” transaction error in the growing blockchain world took place over the weekend with a Bored Ape Yacht Club (BAYC) NFT mistakenly listed for 0.75 ETH instead of 75 ETH.
Human Rights Advocates Urge U.S. Lawmakers to Concern Crypto, Saving Crumbling Currencies
A group of human rights advocates have urged U.S. Congress members to be concerned about the role of importance of cryptocurrencies against unstable economies whose local currencies are collapsing.
US Government to Sell Seized Silk Road Bitcoin
The US government plans to liquidate over 41,000 Bitcoin seized in the case against Silk Road creator Ross Ulbricht. The Bitcoin is expected to be sold in four more batches over the course of the year.
Yuga Labs Hires Former Rally Executive Chris Fortier as VP of Products
Yuga Labs, the developer of the Bored Ape Yacht Club, has hired VP of Product at financial software firm Rally Chris Fortier as its VP of Product.
Students at Texas-based University Accorded with Blockchain-Powered GreenLight Credentials
The University of North Texas (UNT) in Dallas has unveiled GreenLight Credentials, a blockchain-enabled academic records verification platform, for its students, giving them more control of their transcripts.
Yuga Labs Appoints Former Activision Blizzard COO as CEO
Yuga Labs has hired former Activision Blizzard COO, Daniel Alegre, as its new CEO. Alegre will lead the NFT startup that created the Bored Ape Yacht Club and CryptoPunks collections, following his departure from Activision Blizzard. His arrival is seen as a significant move for the NFT industry.
BlueWallet is Sunsetting Its Lightning Node Connection to Lndhub
Don't worry—BlueWallet is just another step toward self-custody and lightning nodes.
Ripple Faces Trademark Lawsuit in Australia for 'PayID' Infringement
Ripple Labs is facing a lawsuit by New Payments Platform Australia (NPPA) for allegedly violating intellectual property rights for the branding of ‘PayID’.
Chainalysis Secures $13M From Ribbit Capital and Sound Ventures, Continuing to Fuel Crypto Adoption
Chainalysis announced that it has secured an additional $13 million in a strategic investment from Ribbit Capital and Sound Ventures during its Series B investment round, taking its total to $49 million.
Huobi HTX Responds to Recent Hack, Ensures Full Compensation for Affected Users
Huobi HTX pledges to compensate users affected by a $30 million hack, ensuring minimal impact and enhanced security measures, as part of a series of attacks on Justin Sun's entities.
How Blockchain Can Uphold Creators' Rights and Copyright Law
Blockchain shows its versatility once again by becoming the perfect enforcer for copyright law, ensuring that authors receive their due credit and royalties.
GFT and Thought Machine Partner to Drive Digital Transformation in U.S. Banking
GFT and Thought Machine are collaborating to propel U.S. banks into the digital age, departing from legacy systems in favor of cloud-native solutions. Traditional banks are now focusing on introducing innovative financial experiences to gain a competitive edge. The partnership offers three paths to digital transformation, with GFT being a leading implementation partner of Thought Machine's Vault Core. This technology enables the launch of digital-first banks or migration from legacy systems. The partnership has achieved significant milestones, including certifications and completed projects. Traditional banks are poised to leverage their expertise and regulatory frameworks by embracing digitization.
Lightspeed Faction Unveils $285M Fund for Blockchain Innovation
Lightspeed Faction has launched a $285 million venture fund, focusing on early-stage blockchain projects, highlighting the growing importance and potential of blockchain technology in various sectors.
Health Concerns Arise at ApeFest 2023: Investigation Links Symptoms to UV-A Lighting
Yuga Labs has investigated health issues following ApeFest 2023, identifying UV-A lights as the probable cause. Those affected are advised to seek medical advice and contact Yuga Labs for support.
Block's Cash App Bitcoin Revenue Falls 7%
Jack Dorsey's Block Inc. reported a 7% reduction in Bitcoin sales in Q4, with its Cash App producing $25 million of BTC gross profit, down 25% YoY.
EOS Dublin and ConsolFreight partner to Leverage Blockchain In FreightTech
EOS Dublin, an EOS block producer and EOSIO blockchain developer, has partnered with ConsolFreight, a leading operator in the digitised Freight Forwarding industry. Together, they have conducted a Proof of Concept (POC) for the freight forwarding industry using blockchain. This development is hailed as the new intersection between Fintech and FreightTec
Australian Bitcoin ATMs Demonstrate Lightning Network
Coolangatta has its first Lightning Network-enabled Bitcoin ATM. Bitcoin Lightning ATMs operate like regular Bitcoin ATMs but faster. Crypto ATMs number 38,602, with 6,071 added in 2022.
Taiwan's Legislature Considers Virtual Asset Management Bill to Protect Consumers
The Taiwanese Legislature is deliberating on a new Virtual Asset Management Bill aimed at fostering better consumer protection and industry oversight. The bill, seen as moderate, outlines pragmatic mandates for VASPs while leaving room for further regulatory fine-tuning, marking a significant step in Taiwan’s evolving digital asset regulatory landscape.
Strike Secures $80m in Funding to Propel Instant Bitcoin Payments
Strike raised $80 million in funding to revamp BTC payments for top financial institutions, marketplaces, and merchants.
Hong Kong Monetary Authority Emphasizes AI and DLT in Fintech Roadmap
The Hong Kong Monetary Authority (HKMA) has released a Fintech Promotion Roadmap, aiming to promote fintech adoption in the financial services industry. The roadmap includes key fintech sectors like Wealthtech, Insurtech, and Greentech, and introduces AI and DLT. It aligns with HKMA's "Fintech 2025" strategy.
Council of Europe Adopts Groundbreaking AI Guidelines for Journalism
The Council of Europe has adopted new guidelines for responsible AI use in journalism, emphasizing human rights and rule of law in the news media sector.
AI-Generated Artwork Not Eligible for Copyright, US District Judge Rules
US District Judge Beryl A. Howell rules AI-generated artwork can't be copyrighted. Stephen Thaler's request for his AI-created image denied, emphasizing human authorship in copyright law
Bored Ape Yacht Club wins legal battle, Mandala Metaverse selects Polkadot, Square Enix partners with Elixir Games, and Cricket Stars launches on Tezos
Yuga Labs, the creators of the Bored Ape Yacht Club (BAYC) NFT collection, have won a legal battle against Ryder Ripps and Jeremy Cahen, the creators of the RR/BAYC NFT collection. Mandala Metaverse has chosen Polkadot to host its first major NFT drop, called the "Cryptonauts". Square Enix has partnered with Elixir Games to bring blockchain gaming to the mainstream. Cricket Stars, a multiplayer NFT cricket strategy game, has been launched on the Tezos blockchain.
Jimmy Fallon Fights Subpoena in NFT Legal Battle
Lawyers for Jimmy Fallon have filed a petition to quash a subpoena requiring him to testify in the Yuga Labs Inc. v. Ripps et al. case, stating that he has no connection to the dispute. Meanwhile, Getty Images has partnered with NFT platform Candy Digital to offer rare photos in NFT form, starting with photographs from its 1970s music and culture collection. The NFT market is experiencing growth, with marketplace volume increasing for the fourth consecutive month in February. To provide more comprehensive insights into the NFT economy, Forkast Labs has launched a series of NFT indexes, including the Forkast 500 NFT index that measures performance across 21 blockchains.
nChain CEO Departs Accusing Dr. Craig Wright of Fraud
Christen Ager-Hanssen resigns as nChain's Group CEO, alleging serious internal issues and a conspiracy to defraud shareholders. He accuses Dr. Craig Wright of deceiving courts about being Satoshi Nakamoto, leading to a significant reaction from the cryptocurrency community. Discussions also touch on Ager-Hanssen’s past involvement with Algorand and the implications of his revelations on the Bitcoin SV community.
BSV founder Craig Wright Clarifies Bitcoin's Original Intent and Critiques Misuse
Dr. Craig S. Wright criticizes misconceptions about Bitcoin's White Paper and its purpose, asserting it's a micropayment system, not digital gold, and highlights transaction costs impacting its utility.
Brock Pierce and Blockchain Capital Sue Florida-Based Company for Copyright Infringement
Brock Pierce and his business partners are suing Blockchain Capital Management LLC (BCM) for copyright infringement.
Bitcoin Hits a 2-Month High as BTC Lightning Network Scales the Heights
After surging past $31,000, a scenario was last seen in March, momentum seems to be ticking in the Bitcoin market.
Blockchain Deals Are Shifting from the US to China, CB Insights Report
Blockchain Deals Are Shifting from the US to China, CB Insights Report
Adidas' new NFT Collection Owners to get Custom Merch Access
Adidas is launching its Non-Fungible Token (NFT) collection named ‘Into the Metaverse’ on December 17 as the global apparel brand looks to extend its foothold in the NFT space.
Congressional Memo Challenges SEC's SAB 121
Congress members question the enforceability of the Securities and Exchange Commission's Staff Accounting Bulletin 121, arguing it deviates from standard accounting practices, misrepresents custodians' responsibilities, and increases consumer risk.
SafeMoon CEO's Bail Release Suspended Due to Flight Risk Concerns
SafeMoon CEO Braden John Karony's bail release has been postponed due to potential flight risk and community danger following allegations of financial fraud and money laundering.
Is the Price of Bitcoin Satoshi Vision (BSV) Driven by Fake News?
The BSV (Bitcoin Satoshi Vision) price chart is peculiar to analyze. Given the state of cryptocurrency investment, it is safe to say that a large influencer of crypto value is derived from speculation, and BSV is plagued by speculation as its chain leader, Craig Wright, continues to claim that he is Satoshi Nakomoto—the anonymous original creator of Bitcoin.
Anthropic's Updated Terms of Service: Enhanced Copyright Protection for AI Outputs
Anthropic revises commercial terms of service to provide enhanced copyright protection for Claude API users, addressing ongoing legal challenges in the AI industry.
Bored Ape Yacht Club wins legal battle
Bored Ape Yacht Club (BAYC) creator Yuga Labs has won a legal battle against copycat non-fungible token (NFT) project RR/BAYC. The United States District Court found that the co-creators of RR/BAYC had infringed Yuga Labs’ trademarks, and Yuga Labs is entitled to an injunction and damages. In other news, Mandala Metaverse has chosen Polkadot to host its first major NFT drop, Final Fantasy developer Square Enix has partnered with Elixir Games for blockchain gaming, and a free-to-play multiplayer NFT cricket strategy game called Cricket Stars has launched on the Tezos blockchain.
NFT Trading Surges 8X Boom from the Popularity of Bored Ape Yacht Club,Pudgy Penguins and CryptoPunk
NFT sales recorded an eight times surge in market trading volume over the last two weeks, compared to the result in March, thanks to the craze of Bored Ape Yacht Club and Pudgy Penguins and the classic NFT CryptoPunk.
US Media Giants Block AI Crawlers to Protect Copyrights
A Wired report reveals that 88% of top US news outlets are blocking AI crawlers like OpenAI's GPTBot, to protect against copyright infringement and uncompensated content use.
Harvard Blockchain Lab Applauds Fight to Fame Model for True Realization of Decentralized Ecosystem
Fight to Fame, a blockchain-based entertainment platform, has been praised by the Harvard Blockchain Lab for consistently presenting decentralized events, online malls, movies, and action star reality shows. It uses a BMS business model in the production of action movies, and fans are empowered by the FF Token when voting and making purchases.
Three Bored Ape Owners Sue OpenSea over Security Loophole of Stolen NFTs
Three Bored Ape Yacht Club (BAYC) Non-Fungible Token owners are suing leading NFT trading platform OpenSea for the loss of their NFTs on the exchange.
Bitcoin SV Moons As Craig Wright Tells Court That he Has Access to Tulip Trust
Bitcoin Satoshi Version (BSV), a fork of the Bitcoin Cash, is surging in trades following Craig Wright’s compliance with a court order to open up the mysterious Tulip Trust for inspection.
Binance Announces Integration of Bitcoin Lightning Network for Enhanced Transaction Efficiency
Cryptocurrency exchange giant Binance has announced its plans to integrate the Bitcoin Lightning Network for deposits and withdrawals. The move aims to improve transaction efficiency and provide users with a faster and more cost-effective experience.
Silk Road's Ross Ulbricht Apologizes to the Public on the Eve of His 10th Year in Prison
Silk Road founder Ross Ulbricht who is currently serving a double sentence in prison for his role in running a distribution network that allows buying and selling hard drugs through the use of Bitcoin made a statement on Friday describing his emotions on the eve of his 10th year in prison
Liquid Network: The Platform for the Fastest Bitcoin Transactions?
Samson Mow is an entrepreneur and marketing strategist who is currently serving as the Chief Strategy Officer at Blockstream. In Part 2 of the interview, Samson unmasked the power behind Liquid Network, how Liquid transactions work and c-lightning on Liquid. He also shared the latest initiatives of Blockstream and his personal take of Bitcoin in 2020.
Bitcoin Lightning Network Continues to Gain Steam, Hitting Historic Highs of 3,436 BTC
After crossing the 3,000 BTC capacity for the first time in October 2021, the Bitcoin Lightning Network does not show signs of slowing down as its upward quest continues.
UN convenes AI High-level Advisory Body for Global Governance
The UN Secretary-General is convening a High-level Advisory Body on AI to analyze and advance recommendations for global AI governance. Comprising up to 38 international experts from government, private sector, and civil society, the body aims to harness AI for humanity while addressing its risks. The initiative, which underscores the importance of a globally inclusive approach, seeks to align AI governance with human rights and Sustainable Development Goals.
EY: How Blockchain Revolutionizes Tax Operations for Businesses in 2 Ways
Following Part 1 of the interview, we looked at Ernst & Young’s perspective on how blockchain can be an effective tool for huge tax savings. Jimmy also shared the progress of Nightfall, zero-knowledge proof technology on the role of privacy transactions on public blockchains.
Ash Environmental DAO Announces Ash Token Sale to Champion Social Good
Ash Environmental DAO has announced the dates of its token sale. The event will run from April 17 to May 7, giving participants the chance to purchase the Ash token and become part of a global ecosystem committed to funding high-impact innovations to address real-world challenges.
Lightspeed Venture Partners Secures $7.1B to Launch 4 New Crypto Funds
Venture capital firm Lightspeed Ventures has announced it has secured the cumulative sum of $7.1 billion to bankroll 4 new crypto funds.
Prediction: Major Bitcoin Correction to $21,500 Before Soaring to New Heights
CryptoCon predicts a significant Bitcoin correction, possibly bottoming between $26,000-21,500, followed by a rally to $130,000 by late 2025, while other experts predict moderate price movement.
CoinMarketCap Puts Wash Traders On Notice With New Metric
CoinMarketCaps new “Liquidity” metric will come down hard on exchanges that harbor wash traders.
Top UFC Fighters to Receive Bonuses in Bitcoin During PPV Events
The Ultimate Fighting Championship (UFC), the world’s leading mixed martial arts competition, has teamed up with crypto exchange Crypto.com to offer best-performing fighters bonuses in Bitcoin (BTC).
Crypto Groups Mobilize Support for Grayscale Spot Bitcoin ETF Lawsuit Fight
The groups have faulted SEC’s decision to disapprove applications of spot Bitcoin ETFs, yet the regulator had allowed similar, riskier products to enter the market.
HKPF and SFC Form Joint Working Group to Tackle Illicit Activities in VATPs
The HKPF and SFC have formed a joint working group to enhance monitoring and investigation of illegal activities related to VATPs. The group aims to facilitate information sharing, assess risks, and collaborate on investigations. The move comes amid ongoing investigations into the unlicensed operations of the Dubai-based JPEX exchange.
Chinese Police Seize $14M in Crypto from Scammers Posing as Huobi Officials
The Chinese police arrested a crypto scammer gang in Wenzhou that reportedly swindled $14.3M in cryptocurrencies.
Binance Coin Unseats Tether to Become The Third-Largest Crypto As it Soars To a New All-Time High
Binance Coin (BNB), the native cryptocurrency of the Binance exchange, has just unseated Tether (USDT) as the third-largest crypto by market cap.