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Sierra Leone Revamps National ID Infrastructure with Blockchain
According to Sierra Leone’s President, Julius Maada Bio, the nation intends to use blockchain technology in restructuring the national ID system.
FTX Derivatives Boss Ranks Second as Joe Biden's Top Campaign Financiers
FTX derivatives exchange’s Chief Executive Officer, Sam Bankman-Fried has been revealed to be the second-highest donor to Joe Biden's campaign
How The Casino Industry is Gaining Profit Amid The COVID Lockdown
Analysts from Morgan Stanley have predicted in a recent online publication that the impact of Coronavirus in the U.S., which has led to the shutdown of casinos, could lead to faster growth of the online sports betting industry, and online casinos. The countrywide lockdown that was instituted to control the spread of Covid-19 has spurred an interest in online gambling for individuals involved in the industry, as well as attracting new customers.
What is Crypto Margin Trading & How Does it Work?
There are many different ways to trade cryptocurrency. You may have heard of “shorting” Bitcoin, margin trading, or trading with leverage. All of these terms refer to the same practice — leverage trading — but the interchangeable way they are used can make understanding how it works a little difficult.
Bill Gates' COVID Conspiracy Grows In Italian Parliament, Allegations of Population Control by Political Anti-Vaxxer
The COVID-19 pandemic has brought many subjects to the forefront: our reliance on oil, manufacturing in China, the need for digital dollars, the frailty of our global supply chain, and our lack of preparation to deal with the outbreak. However perhaps the strangest topic online and the most unavoidable has been the conspiracy theory chasing Bill Gates and his foundation’s efforts to produce a vaccine. The accusations range from him directly being the cause of the pandemic, to being the head of an Illuminati like circular cabal bent on controlling the world through microchips, and now an insidious plan to depopulate the planet of billions of people.
Ethereum Releases Validator Launchpad for ETH 2.0 Testnet
Ethereum software developers finally released the validator launchpad for ETH 2.0, which enabled users to participate in the testnet’s Proof-of-Stake.
Why Did Venezuela Block Citizens’ Access to Coinbase Crypto Exchange?
Venezuela has blocked access to Coinbase crypto exchange and MercaDolar fiat remittance platform, but why?
Venezuelan President Nicolas Maduro Leverages Coronavirus Pandemic for National Petro Adoption
Venezuela’s president, Nicolas Maduro has announced a new campaign aiming to help the medical staff in his nation by airdropping one Petro to each actively working doctor amid the coronavirus pandemic.
Warren Buffett Ditches US Dollar, Bitcoin Price Set to Soar
As the US dollar keeps plummeting, Max Keiser revealed that Warren Buffett has moved his assets out of the US market, setting Bitcoin for its next surge.
China’s President Xi Jinping Asks ASEAN Countries to Join Hands in Building A ‘Digital Silk Road’
China’s President Xi Jinping is calling for greater collaboration among ASEAN member states and has asked them to promote a ‘Digital Silk Road’ in the region.
Decentralized Exchange dYdX Proposes $20M Incentive Program for v4 Launch
Chaos Labs proposes a $20M, 6-month Launch Incentives Program for the transition to dYdX v4. The initiative aims to facilitate user and volume migration to the new dYdX Chain, with a robust pre-launch and post-launch strategy. Governance proposals will guide the distribution of DYDX rewards, maintaining transparency and community oversight throughout the program.
Su Zhu Amongst Creditors Files $5m Claim against His Own Firm: Sources
Su Zhu, the co-founder, and CEO of bankrupt Three Arrows Capital (3AC) is reportedly amongst the creditors that filed claims against the embattled crypto hedge fund.
Over Half of Crypto Token Listings Show Signs of Insider Trading, Reveals Solidus
In an eye-opening study, Solidus, a leading crypto market integrity platform, has uncovered signs of insider trading associated with more than half of all cryptocurrency token listings since 2021.
Vitalik Buterin Explores Ethereum Protocol Enhancement Strategies
Ethereum's co-founder, Vitalik Buterin, reflects on Ethereum's protocol enhancement strategies in a recent blog post, weighing the merits of a minimalistic approach versus enshrining more features into the core protocol to address various user needs and system efficiencies. The discussion encompasses account abstraction challenges, the shift towards enshrinement, and the exploration of specific enshrinement targets like ZK-EVMs, proposer-builder separation, private mempools, liquid staking, and precompiles.
Binance to Remove Liquidity Pools: ADA, APE, AVAX, DOT and More
Binance plan to remove several liquidity pools from its Liquid Swap platform, aiming to improve trading experience. The removal will take effect on September 1, 2023. Users with positions in these pools will automatically return their assets to their Spot wallets. However, they can redeem their assets before the removal date.
Enabling Innovation in Asset Management: SFC's Approach
Christina Choi of the SFC spoke at the Bloomberg Buy-Side Forum Hong Kong 2023, emphasizing the importance of balancing innovation with regulation in the asset management industry. She highlighted the SFC's ongoing work on guidelines for tokenization of investment products.
Texas Man Charged for Using COVID-19 Small Business Relief Funds to Buy Crypto
Texas resident Joshua Thomas Argires has been charged for investing COVID-19 relief funds in cryptocurrencies
Greenidge Generation’s Bitcoin Mining Production Rose 18% in June
Greenidge produced 230 Bitcoins in June, an increase of 18% compared to production seen in May. The company also has ordered additional 200 mining machines to be on delivery to increase its mining ability.
We Have Sufficient Evidence to Identify Actors Behind Massive Hack on Crypto Exchange, says KuCoin CEO
KuCoin CEO has announced that they have found sufficient evidence to identify the criminals behind the massive $280 million hack on the crypto exchange.
Chinese Version CBDC (Digital Yuan) Applied to Guangzhou Housing Provident Fund Loans
The Guangzhou Housing Provident Fund Management Center has successfully implemented the usage of the Chinese version of the Central Bank Digital Currency (CBDC), commonly known as the digital Yuan, for housing provident fund loans.
UAE Central Bank Pioneers Digital Dirham Transfer to China via mBridge
The UAE Central Bank achieved a significant milestone by executing its first cross-border digital dirham transfer worth 50 million dirhams ($13.6 million) to China using the mBridge platform on January 29, marking a new era in digital currency transactions.
Worldcoin Launches Advanced Identity Verification in Singapore
Worldcoin expands to Singapore with World ID verification, following a temporary pause in India due to high demand and regulatory scrutiny.
COVID-19 Relief Spurs Federal Reserve Towards Digital Payments with FEDNow
The Federal Reserve is accelerating towards digital payments technology as the COVID-19 pandemic has highlighted the need to provide faster methods of relief. The United States central bank has announced the development of its own platform—FedNow.
UAE to Strive for Virtual Service Provider Licenses before Q2
In a bid to become a global crypto hub, the United Arab Emirates (UAE) is gearing up to issue federal licenses to virtual asset service providers (VASPs) by the end of Q1 2022.
Coinbase to Boost European Derivatives Market Presence with MiFID II License Acquisition
Coinbase is set to expand in the EU derivatives market by acquiring a MiFID II licensed entity in Cyprus, targeting regulated derivatives offerings like futures and options in 2024.
World Economic Forum Blockchain Lead Explains: To What Extent Can Blockchain Solve Supply Chain Issues?
Blockchain.News exclusively interviewed the World Economic Forum’s blockchain project lead, Nadia Hewett, to get to know more about the Forum’s current blockchain development in the supply chain, and the organization’s future roadmap. The World Economic Forum (WEF) recently published a new blockchain deployment toolkit aimed to help governments, major institutions, and companies of any size to be able to maximize the benefits of integrating blockchain technology in the supply chain sector. The Forum also highlighted the importance of blockchain for addressing the disruption of supply chain caused by the COVID-19 pandemic.
Verida Collaborates with Nimble to Implement Decentralized Insurance Protocol
Nimble is partnering with Verida to build a decentralized insurance protocol.
Global Supply Chain Financing: A New Era of Resilience and Diversification
Citi's 2024 report on supply chain financing highlights a shift towards resilience and diversification in global trade, emphasizing technological innovations and the adoption of the China Plus One strategy.
Hidden Road Partners in Big Talks With Top Firms to Provide Access to Trade or Hedge Crypto Risks
Hidden Road Partners is in talks with hedge funds and many of the top 20 global banks about providing access to trade or hedging their crypto risks, Bloomberg reported citing executives at the firm.
Worldcoin's Global Identity Protocol Hits 2 Million Sign-ups
Worldcoin, aiming to be largest identity and financial network, led by chatgpt owner OpenAI CEO Sam Altman, as a public utilityan innovative global identity protocol, has announced a significant milestone, reaching 2 million World ID sign-ups during its beta phase
Spike in COVID-19 Cybercrime Is Stimulating Mass Adoption of Blockchain in Asia
With COVID-19 forcing businesses to adopt digital means of transacting, there is a spike in blockchain adoption, Bitcoin price surge, rise in Bitcoin scams.
The Birth of the Coronavirus-Backed CoronaCoin Amid Quarantining Banknotes in China
The novel coronavirus, also known as COVID-19 has spread to at least 25 other countries and caused 5 deaths outside of mainland China. Restrictions in Hubei, of the epicenter province of the outbreak, have been imposed further on its citizens. In Wuhan, the city where the coronavirus originated, has been banning its citizens from leaving their homes.
Holiday Rental Platform Seeks Blockchain Technology to Minimize Costs
EzyStayz, an Australian-based international vacation rental platform, is using blockchain technology to minimize costs, as well as enhance the home rental services it offers. It also seeks to revamp the duopoly witnessed in the home rental market via blockchain.
Goldman Sachs Says Customer Demands for Bitcoin Are Increasing
Goldman Sachs President and COO John Waldron has revealed that the bank is experiencing a rising demand for Bitcoin from its customers.
Exclusive: Blockpass COO, on the Significance of the FATF Travel Rule to VASPs
Personal identity is a fundamental human right according to Article 8 of the United Nation’s Convention on the Rights of the Child. Identity is crucial to a functioning society and economy, however, there are 1.1 billion people in the world that do not have proof of identity and 45% of them are among the poorest 20% around the world. For enterprises, customer data protection can be proven costly as 2.8 billion consumer data records were exposed at an estimated cost of more than $654 million in 2018.
Singapore Employs Blockchain-Enabled Digital Health Passport for Enhanced Medical Data Management
The Singaporean administration teamed up with a local startup to establish a blockchain-powered digital health passport to boost medical records management.
Could IBM’s Blockchain Platform be the Solution to Disrupted Healthcare Supply Chains Caused by the Coronavirus Pandemic?
IBM’s Rapid Supplier Connect leverages the existing IBM’s blockchain platform, Trust Your Supplier, which is a blockchain-based trusted digital identity and supplier information that simplifies the supplier onboarding and supplier management processes while reducing risks. IBM is allowing qualifying suppliers to use Rapid Supplier Connect free of charge until August 31. New York’s largest nonprofit healthcare group, Northwell Health recently joined IBM’s Rapid Supplier Connect Network, a blockchain project that aims to tackle the disrupted healthcare supply chains caused by the coronavirus pandemic.
US Toughens Export Controls on Semiconductors to China Amid Military Concerns
The US Department of Commerce tightened export controls on advanced computing semiconductors to China and other countries of concern to address national security threats posed by military modernization. The rules, effective from November 16, 2023, refine the parameters defining restricted chips, introduce a global licensing requirement, and expand controls on semiconductor manufacturing equipment. The update also adds certain PRC entities to the Entity List, requiring a BIS license for foundries manufacturing chips for these entities.
What Biden’s Presidency Could Mean for Crypto
With Joe Biden's presidential win, the crypto community has speculated on how this would impact the industry.
Vladimir Putin’s Next Presidential Term Will Depend on Blockchain-Powered Constitutional Amendment Voting
Russia’s upcoming e-voting on Vladimir Putin’s Constitutional amendments will be implemented using blockchain technology. Citizens in Moscow will be able to cast their votes online using blockchain-powered e-voting, according to the Moscow government’s official website. Starting on June 5, Moscow citizens can sign up for the upcoming voting scheduled from June 25 to June 30.
Tech Mahindra Developing India’s Blockchain Education with Idealabs Partnership
Tech Mahindra, an Indian multinational IT company, has inked a partnership with Idealabs, an education technology firm, to boost Indian students and aspiring tech professionals with notable blockchain skillsets. Through the strategic collaboration, curated blockchain professional certification courses will be offered made up of live online classes and expert sessions by gurus in the industry.
Hut 8 Mining Corp. Responds to Short-Seller Accusations Amid Stock Tumble
Hut 8 Corp faces serious accusations from JCapital Research, claiming mismanagement and legal issues post-merger, leading to a significant stock price drop. The company is now working to address these allegations and reassure investors.
The End of Bitcoin: Which Cryptocurrencies will survive a future crash?
During the Covid crisis, casual investors started to swap stocks and shares and even golf for investment in cryptocurrency, with Bitcoin and other altcoins like Ethereum proving to be hugely popular.
Bitcoin Has Been Through Two US Presidential Elections, This One Will be Different for BTC
During the two US elections in 2012 and 2016, Bitcoin was still too nascent to have seen any profound impact arise. What about this coming election?
Google DeepMind Introduces SynthID to Combat Deepfakes and AI-Generated Imagery
Google DeepMind introduces SynthID, a watermarking technology for AI-generated images, allowing detection through specialized tools, initially available to Google Cloud customers using Vertex AI and Imagen image generator.
What Is Balancer?
Released in March 2020, Balancer is an Ethereum-based automated market maker (AMM) that enables users to earn fees by providing liquidity and trading.
Greenidge Generation Recruits New Executive Leaders, Forecasts Losses in Q3
Bitcoin mining company and zero carbon power plant supplier Greenidge Generation has announced a transition of leadership and a possible loss in Q3
Central African Republic Top Court Blocks Purchases with New Crypto
The High Court of the Central African Republic has ruled that using govt-backed crypto to buy “e-residency” or citizenship and land goes against the country’s constitution.
BTC Mining Firm Griid to be Listed on NYSE, valued at $3.3B
Bitcoin mining company Griid announced that it will merge with Adit EdTech Acquisition Corp through a special purpose acquisition company (SPAC) to be listed on the New York Stock Exchange under the stock code "GRDI".
Biden's Budget Proposal Includes Crackdown on Crypto Wash Sales and Doubling of Capital Gains Tax for Certain Investors
U.S. President Joe Biden's fiscal 2024 budget plan proposes a crackdown on crypto wash sales and a doubling of the capital gains tax for certain investors, which could raise $24 billion. The proposed changes to crypto tax treatment aim to reduce the deficit by nearly $3 trillion over the next decade. The budget proposal seeks to eliminate the tax-loss harvesting strategy used by crypto traders, which allows them to sell assets at a loss for tax purposes before immediately repurchasing them. The proposal also aims to raise the capital gains tax rate for investors making at least $1 million to 39.6%.
DeFi TVL Surges to $55.365 Billion, Lido Finance Peaks at $22 Billion
Global DeFi TVL reached $55.34 billion in 24 hours, with decentralized exchanges leading volume and Lido Finance reaching a $22 billion milestone, indicating robust DeFi sector growth.
National Bank of Georgia Enhances Sanction Monitoring, Includes Virtual Asset Service Providers
The Acting President of the National Bank of Georgia, Archil Mestvirishvili, stated that the bank has not only been monitoring the observance of financial sanctions but also expanded its oversight to virtual asset service providers.
Buy Us Out: Majority of Chinese Blockchain Companies Don't Develop or Even Use Blockchain Technology
Blockchain companies have become a hot property in China over the last few years, and the rise in company registrations really surged following Chinese Leader Xi Jinping announcment last October that the country must strive to become the global blockchain leader.
USDC Issuer Circle Secures $400M Funding from Fidelity and BlackRock
Circle, the company behind USD Coin (USDC), has bagged funding worth $400 million from different players, including Fidelity Management, BlackRock Inc, and Research LLC, signalling traditional finance interest in the crypto space.
Companies among S. American Nations are Optimistic Accepting Crypto, Study Shows
Companies permitting Bitcoin and other crypto payments have a more positive outlook in Brazil, Columbia, and Argentina, according to a study by financial payments processing firm CoinsPaid.
Su Zhu Worried About Jail Term Over Liquidators Class Action Settlement - Report
The Singapore High Court recently approved liquidators to begin liquidating Three Arrows Capital’ remaining assets. Su Zhu worries that his firm (Three Arrows Capital) may not be able to fully comply with the liquidators’ demands, and therefore fears that they could face fines or jail.
Epic Games CEO Defends Metaverse
Epic Games CEO Tim Sweeney dismissed a recent article from Business Insider claiming that the Metaverse is "dead" and that virtual worlds have been abandoned by the business world. Sweeney cited the 600 million users across virtual world platforms as proof of the Metaverse's continuing relevance.
Brock Pierce For President, Crypto Venture Capitalist Announces Candidacy
Brock Pierce has announced that he will be joining the presidential race in the 2020 US elections.
Conflux to Deploy Uniswap v3 on Network
Conflux plans to deploy Uniswap v3 on its network, offering access to millions of potential new users in the Chinese and Asian markets. The move comes after the Uniswap v3 code license expired, allowing developers to fork the protocol and deploy their own decentralized exchange. Conflux has experienced a spike in traffic in the first quarter of 2023 and has a market capitalization of nearly $1 billion.
Microsoft Develops Secret AI Chips to Reduce Development Costs
Microsoft has been developing its own AI chips since 2019 to reduce reliance on Nvidia’s GPUs due to rising costs. The project, called “Athena,” is already being tested by Microsoft’s machine-learning staff and OpenAI developers.
Cboe Digital Set to Launch Bitcoin and Ether Futures Trading in January 2024
Cboe Digital, the first US-regulated crypto native exchange, will launch Bitcoin and Ether futures trading, enhancing capital efficiency and market liquidity.
Ethereum and EOS Blockchain Used by Associated Press to Publish US Presidential Election Results
Associated Press (AP) has used Ethereum and EOS blockchains to publish voting results for the United States Presidential Election.
Biden Receives Crypto Regulation Framework from Treasury
The United States Treasury Department has delivered a crypto framework to President Joe Biden as instructed in the Executive Order (EO) issued back in March
Jack Dorsey's Block Appoints MIT's Neha Narula to Board of Directors
Block, Inc., led by Jack Dorsey, has appointed Neha Narula, Director of the Digital Currency Initiative at MIT Media Lab, to its Board of Directors. Narula's expertise in Bitcoin and open source technology aligns with Block's mission of economic empowerment.
Goldman CEO "Big Believer" in Blockchain
David Solomon, the Chief Executive Officer of Goldman Sachs, has said he is a big believer in the technology that underpins cryptocurrencies.
Blockchain Identity Management Market to Hit $17.81B by 2030
The urge for digitization is expected to push the blockchain identity management market to $17.81 billion by 2030, according to a report by Market Research Future (MRFR).
Greenidge Secures $100m Fund, Aims to Enlarge Operations in U.S.
Greenidge Generation Holdings has secured $100 million in funds to help in enlarging its operations in the US.
EDX Markets Partners with Solidus Labs to Monitor $16 Trillion in Crypto Trading with HALO Platform
EDX Markets has partnered with Solidus Labs to use the HALO platform, monitoring $16 trillion in crypto trading, enhancing compliance and risk management.
President Biden Claims that Musk Purchased a Platform that Promotes Hate Speech
President Joe Biden has slammed Elon Musk's acquisition of Twitter
Ripple CTO Advocates for Community Consensus on XRP Ledger's AMM Feature Integration
Ripple's CTO, David Schwartz, stresses the importance of community consensus for integrating the Automated Market Maker (AMM) feature on the XRP Ledger. Through discussions on X (formerly Twitter), Schwartz outlines a methodical approach to addressing concerns and urges validators to support the amendment only after achieving community agreement. The AMM feature, seen as a significant stride in decentralized finance on XRPL, was introduced in rippled version 1.12.0 alongside a potential clawback feature aimed at legal liability protection for developers. Schwartz's engagement exemplifies a balanced approach to evolving XRPL while preserving its decentralized character.
Stellar (XLM) Development Foundation Delays Protocol 20 Upgrade Due to Core Bug
The Stellar Development Foundation has postponed the vote on Protocol 20, initially set for January 30, following the discovery of a bug in Stellar Core v20.1.0. The decision was made to ensure ecosystem readiness and broad consensus, with the new vote date to be determined after the bug fix release, expected within the next two weeks.
Yuga Labs Comes up With New Condition For Meebits NFT Sales
Following the CryptoPunks acquisition in March, non-fungible token (NFT) giant Yuga Labs will now receive 5% on all secondary sales conducted by Meebits
Ethereum Founder Vitalik Buterin Proposes Tweaks to Improve Decentralization and Reduce Consensus Overhead
Vitalik Buterin, the founder of Ethereum, has proposed changes to the network's staking model aimed at improving decentralization and reducing the consensus layer's computational burden. The proposal includes the introduction of a two-tiered staking system involving node operators and delegators. Buterin suggests that these changes could significantly reduce the number of signatures required for consensus, thereby making it easier for more people to participate in the network's validation process.
Florida Governor Reveals Plan to Permit Crypto Tax Payments
Speaking at a press conference, Florida Governor Ron DeSantis disclosed plans to roll out a cryptocurrency payment option for businesses remitting taxes.
Ripple Launches Crypto On-Demand Liquidity Service in Brazil
The Travelex Bank has partnered with Ripple to use the crypto on-demand liquidity service to offer a better customer experience to their customers.
Circle Launches Native USDC on Polygon
Circle has natively integrated USDC on the Polygon PoS network, enabling direct access for users and developers. This move phases out the need for bridged USDC.e, providing a more stable and straightforward means for transactions on the network. The development is anticipated to foster numerous use cases, enhancing the overall ecosystem.
Coinbase Introduces PayID and Premium Services for Aussie Retail Customers
Coinbase offers three new services for Aussie clients. One of these features would allow customers to use PayID as a way to top up their accounts with Australian Dollar transfers.
Voyager Digital Suspends Crypto Trading, Deposits & Withdrawals
Digital asset broker Voyager Digital said halting all customer trading, deposits, withdrawals and loyalty rewards was the right one given the current market conditions.
Hong Kong Blockchain Ecosystem Feb 2020 - New Members
Hong Kong Blockchain Ecosystem Feb 2020 - New Members
Blockchain Technology Powers Brazil's National Identity Card Issuance
Brazil has commenced the use of blockchain technology for issuing the National Identity Card (CIN) to enhance security and data integrity in the new identity issuance process. The initial phase begins in three states with a nationwide deadline set for November 6, 2023. This move is part of Brazil's broader initiative towards leveraging blockchain for public service improvement, aligning with global trends of digital identity verification.
COVID-19 Hits Canadian Crypto Mining Firm Bitfarms, Forced to Lay Off Staff to Maintain Cost Efficiency
Publicly-listed Canadian crypto mining form Bitfarms has temporarily reduced employees because of the social and economic challenges caused by the coronavirus outbreak.
Lido Finance Halts Operations on Solana Following Community Consensus
Lido Finance is discontinuing its operations on Solana blockchain following a community consensus within its DAO. The decision, revealed on October 16, 2023, comes after a proposal highlighting the unsustainable financials of Lido on Solana. Despite this cessation, Lido expresses continued optimism for Solana's ecosystem.
Ethereum Layer 2s See Surge in Popularity in Q1 2023
Alchemy's Q1 2023 report shows Ethereum layer 2 networks, including Optimism, Arbitrum and Polygon, saw a 44% increase in bridged crypto assets compared to Q4 2022, and a 518% increase compared to Q1 2022. The report suggests this growth may have been driven by successful airdrops from Optimism and Arbitrum. Additionally, the deployment of smart contracts related to layer 2s increased by 160% compared to Q1 2022, despite a 30% decrease from Q4 2022.
Sushi Launches on Filecoin, Expanding Decentralized Exchange Services
Sushi, a prominent decentralized exchange, is now integrated on Filecoin, enhancing its cross-chain capabilities and launching a special NFT to commemorate the collaboration.
Sygnum Pioneers Treasury Tokenization with USD 50M Fidelity MMF Investment
Sygnum Bank breaks new ground by tokenizing USD 50M of Matter Labs' treasury reserves into the Fidelity Institutional Liquidity Fund, enhancing the synergy between traditional finance and crypto.
Joe Biden Considers Crypto-Friendly Former CFTC Chair Gary Gensler For Deputy Treasury Secretary
President-elect Joe Biden is considering Gary Gensler, the former Commodity Futures Trading Commission chairman, to become Deputy Treasury Secretary.
Scaramucci's Skybridge Capital to Launch Venture Fund for Web3 & Crypto Investments
SkyBridge Capital is planning to unveil a dedicated venture fund that will invest in web3 and crypto companies.
Metis Launches Decentralized Liquid Staking in Layer 2 Revolution
Metis is launching the Liquid Staking Blitz, a decentralized sequencer initiative, to boost the growth of Liquid Staking Derivatives within its ecosystem, enhancing network security and governance.
Goldman Sachs Starts Trading Bitcoin Futures, Taps Galaxy Digital as Liquidity Provider
Goldman Sachs has partnered with Galax Digital to help the US investment bank offer Bitcoin futures products.
First Jury Hearing in OpenSea Insider Trading Case
Former OpenSea product manager Nathaniel Chastain faces charges of wire fraud and money laundering for allegedly using insider knowledge to buy and sell NFTs for a profit. The case may have a significant impact on the legal classification of NFTs, with concerns that they could be labeled as securities.
Former OpenSea Staff Asks Court to Withdraw Insider Trading Charges
Following the indictment of Nathaniel Chastain, a former Head of Product at the NFT marketplace OpenSea, a new petition has now been filed by his lawyers, requesting the court to dismiss the case as it lacks merit.
Bitcoin and Ethereum Bounce 3% After Liquidating Over $160 Million
Bitcoin's price dropped to $24,900 due to bearish sentiment and news, leading to over $160 million liquidation. However, a bullish RSI divergence boosted Bitcoin's rebound by over 3%.
US Investment Giant Charles Schwab Not Interested in Direct Trade of Crypto
Charles Schwab the US-based brokerage giant, which manages over $3.2 trillion in assets, are dismissing cryptocurrencies for the time being. This decision comes in spite of their competitors ‘Fidelity’ rushing to embrace this new market.
JPEX Claims 70% of Voting Users Agree to Dividend Scheme; Lawmaker Warns of Debt Risks
JPEX, a virtual asset trading platform suspected of illegal operations, has proposed a DAO stakeholder dividend scheme. While 70% of participating users have agreed, lawmaker Huang Junshuo warns of potential debt risks. The platform is also under legal scrutiny, with ongoing investigations into fraud.
WhaleFin is being sued by Atletico Madrid for unpaid sponsorship
Atletico Madrid is suing WhaleFin for €20 million over a terminated €40 million sponsorship deal, claiming financial losses and potential reputational damage.
Tim Berners-Lee To Auction the Source Code for the World Wide Web as NFT
The source code of the world wide web will be tokenized and sold as an NFT.
South Carolina to Play Home for Greenidge's 175 Acre Crypto Mining Farm
Nasdaq-listed Greenidge Holdings has announced its plans to establish a new data center for mining cryptocurrencies in Spartanburg County, South Carolina State.
Japanese Exchange Liquid Exchange Hacked, $80M Cryptocurrency Assets Transferred for Safety
Online cryptocurrency exchange Liquid Exchange was attacked by hackers and transferred approximately $80 million worth of cryptocurrency, confirmed by the exchange.
Tencent Cloud Launches Deepfake Generator
Tencent Cloud, the cloud services provider arm of Tencent, has released a new deepfake generator platform for creating fake videos of individuals using AI capabilities based on a three-minute video clip and 100 voice clips. The service costs approximately $145.
Blockchain Monitor Launched to Track Coronavirus-Free Safe Zones to Protect the Non-Infected Community During Pandemic
The coronavirus pandemic has currently reached countless countries and territories all over the world and has caused over 220,000 infections in the world population. With the global death rate climbing and almost reaching 9,000, the World Health Organization declared it as a pandemic on March 11.
HashKey Launches Wealth Management Platform for Institutional Investors
HashKey Group has launched a wealth management platform for professional and institutional investors in response to growing demand for virtual assets. The Hong Kong-based digital asset firm is expanding its over-the-counter trading service and increasing its liquidity coverage to 24/7.
TikTok Encryption Layer Bypassed Google Android Safeguards to Track Users Data
Following President Trump’s executive order against TikTok, new evidence has revealed that the social media app had been collecting unique identifiers from millions of mobile devices, allowing the China-based app to track user’s online without permission.
FTX Former CEO Sam Bankman-Fried Grilled in Court Over Exchange's Risk Management Measures
FTX CEO Sam Bankman-Fried faced court examination on risk management after 2020 incident. BitMEX Research detailed discussions on "Allow Negative" code change, growth, and SBF's personal and professional entanglements.
Orbs Releases Smart Contract for Validators in TON Blockchain
Orbs has released a new smart contract, called the single nominator, designed for validators in the Telegram Open Network (TON) blockchain. The contract allows validators to have an isolated cold wallet for securing their validation process, enhancing their independence, security, and protection against gas-spending attacks.
How Blockchain Can Mitigate the Menace of Identity Theft
According to the Center for Victim Research, 7-10% of the US population are often victims of identity theft annually. Moreover, 21% of them suffer multiple cases of identity fraud. This menace is being experienced across the globe, and blockchain technology can be instrumental in stamping it out.
Crypto Risk Platform Solidus Labs Hires Former CFTC Commissioner Dawn Stump as Strategic Advisor
Solidus Labs seeks to transform financial risk monitoring. Dawn Stump will help solidus Labs pursue its mission to enable a safe and regulated crypto market.
Japanese Crypto Trading Activity Fell as COVID-19 Pandemic Hit in March
The Japan Virtual and Crypto assets Exchange Association has reported that during the COVID-19 pandemic there has been a decline in active crypto-trading in Japan.
DeFi Liquidity Project Paradigm Labs Shuts Down, Unable to Find Niche in DEX Ecosystem
The ambitious DeFi liquidity project, Paradigm labs are shutting down its operations citing an inability to build a resilient business within the DEX ecosystem.
Deepak Chopra Partners with Hedera Hashgraph to Leverage Blockchain for COVID-19 Mental Health Support
Renown Indian-American author Deepak Chopra discussed how blockchain technology could help in improving mental health during the current pandemic crisis.
President Biden Amplifies AI Safety and Security Measures with Executive Order
President Biden has issued an Executive Order on October 30, 2023, aiming to improve AI safety, security, and trustworthiness. The order requires rigorous testing of critical AI systems, advocates for data privacy legislation, and promotes AI's positive impact on healthcare, education, and the labor market.
Bill Gates Planned COVID-19 Pandemic via Deep-state 'Circular Cabal', says Disgraced Dr. Mikovits
A recent clip from a soon to be released documentary called ‘Plandemic’ features a disgraced virologist Dr Judy Mikovits accusing a sinister corporate controlled “circular cabal” led by Bill Gates himself, of creating the coronavirus pandemic.
US Government Is Likely to Ban Bitcoin, says Ray Dalio
The founder of Bridgewater Associates Ray Dalio has said that Bitcoin is likely to face a ban in the US just like the 1930s ban on gold.
UK Parliament Requests Calls for Evidence on Crypto Impacts
The Treasury Committee of the Parliament of the United Kingdom has put out a Call for Evidence as it embarks on a mission to study the future of cryptocurrencies and how they will impact local society.
Nexus Mutual Enters Bancor’s DAO Ecosystem to Generate Protocol-Owned Liquidity
To gain durable decentralized liquidity, Nexus Mutual, an Ethereum-based insurance platform, staked treasury funds worth $2 million in the form of wrapped NXM (wNXM) tokens in decentralized trading protocol Bancor.
Fintech Firm Cross River Raises $620M Funding, Led by Eldridge & a16z
CRB Group, Inc., the parent company of fintech company Cross River Bank, announced a $620 million investment led by Eldridge and Andreessen Horowitz.
Over 1,000 Firms Expected to Join Crypto Space in UAE by 2022 End, Expert Says
During the Top CEO event in Dubai, Crypto Oasis co-founder Saqr Ereiqat opined that at least 1,000 companies will enter the crypto space in the United Arab Emirates (UAE) by the end of the year based on a fast-paced ecosystem.
MoneyGram Continues to Receive Millions in Development Fees From Ripple
Ripple continues to pump money into MoneyGram remittance services in market development fees as compensation for providing liquidity to its ODL XRP network.
Will The Outcome of Biden-Trump US Presidential Race Affect Crypto?
Market experts have debated whether the outcome of today's US presidential election will affect the crypto industry.
Cryptocurrency Hackers Target Trump Presidential Campaign Website with Monero Scam Addresses
US President Donald Trump’s 2020 presidential campaign website was briefly compromised yesterday in an attempt by hackers to gain cryptocurrency funds.
Liquid Partners with Binance to Enhance Identity Verification with eKYC Solution in Japan
Liquid Inc. teams up with Binance to provide eKYC identity verification in Japan, leveraging AI-based facial authentication for secure and compliant user verification.
Binance Labs Invests in nLRP Puffer for Enhanced Ethereum Staking
Binance Labs, Puffer, Ethereum Staking, DeFi, Liquid Restaking, EigenLayer, Blockchain Innovation, Decentralization, Cryptocurrency Investment, DeFi Development
Kaspersky Report: Bitcoin Crime to Rise in 2021 Due to Covid-19 Induced Poverty
According to a new Kaspersky report, the coronavirus pandemic will increase cases of crypto and Bitcoin crimes in 2021.
ISIS Millions Could Be Hidden in Cryptocurrency Ready-to-Fund War Chest
There is fear that missing ISIS’s £246 million may have been hidden in cryptocurrency waiting to be used for war chest.
Polygon Co-Founder Proposes zk-Powered ApeChain
A proposal for developing a dedicated Layer-2 chain, ApeChain, to support ApeCoin ecosystem’s growth was made within the ApeCoin DAO community by Sandeep Nailwal of Polygon Labs. The initiative aims to solve scalability issues and promote ApeCoin-integrated projects through a collaborative effort between ApeCoin DAO and Polygon Labs. Estimated at an annual cost of $200,000 funded by ApeCoin DAO, the proposal garnered support as well as raised concerns and queries from the community regarding its financial, technical, and strategic aspects.
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.
10,000 New Blockchain Companies Founded in China Despite COVID-19
COVID-19 has not prevented blockchain companies in China from emerging at a dramatic speed.
Cambridge University Partners with 16 Financial Institutions to Develop Crypto Asset Ecosystem
The University of Cambridge has rolled out a multi-year research initiative with 16 key financial institutions like WorldBank, IMF, and MasterCard to shed more light on the rapidly evolving crypto-asset ecosystem.
Tencent, Huawei, and Baidu Executives to Join China’s New National Blockchain Committee to Set Industrial Standards
The Chinese central government has put together a national blockchain committee to work on setting industrial standards. The Ministry of Industry and Information Technology (MIIT) issued a notice on April 13 of the “Public Notice on the Formation of a National Blockchain and Distributed Ledger Technology Standardization Technical Committee.”
Bitcoin Whales and Large-Scale Institutions “All-In” on Bitcoin During COVID-19, Retail Investors Are More Cautious
Coronavirus has led many investors to turn to Bitcoin as a hedge, but the way in which individual and institutional investors leverage the digital asset differ.
Significant Crypto Hacks in December 2023, with Orbit Bridge Exploit Leading the Surge
In December 2023, a significant increase in crypto thefts was triggered by an $81.5 million attack on Orbit Bridge, marking one of the largest attacks on cross-chain bridges in recent years.
Investors Need to Accept the Trajectory and Level of Volatility in Bitcoin, Says SkyBridge Capital Founder
Anthony Scaramucci, the founder of SkyBridge Capital and former White House communications director, believes that as Bitcoin (BTC) continues being widely adopted, investors ought to accept the trajectory and level of volatility in the leading cryptocurrency.
US Treasury Invites Public Opinions on Digital Assets Framework
The US Treasury Department has requested US citizens to comment on how Biden's Executive Order on digital assets could be streamlined and modernized.
JPMorgan Blockchain Spin-Off Kadena Releases Blockchain-Based App that Verifies Coronavirus Tests
Kadena launches a blockchain-based app that compliments COVID-19 testing, in a united effort to prevent data falsification.
COVID-19 Pandemic-Induced Crisis is Pushing CBDC Adoption, says Bank of Russia
Financial regulators are keeping a keen eye on central bank digital currencies (CBDCs) because they see them as silver linings.
Zipmex Misses Buyout Payment
Cryptocurrency exchange Zipmex has missed the latest payment under its buyout agreement with venture capital firm V Venture. Without the $1.25 million payment, the Singapore-based exchange warned it may have to begin liquidating one of its units and suspend payroll.
SushiSwap CEO Proposes New Token Model
SushiSwap's CEO, Jared Grey, is leading a community proposal to revamp the platform's tokenomics, aiming to improve reward efficiency, recalibrate incentives, and diversify revenue streams.
ECB President Lagarde: Digital Euro CBDC Will Complement Not Substitute Cash
Christine Lagarde, President of the European Central Bank (ECB), said that a CBDC or digital euro would most likely work in tandem with fiat currency, not replace it.
SkyBridge Capital Achieves Record Year with Crypto Investments, Scaramucci Foresees Bright Future for Bitcoin
Anthony Scaramucci's SkyBridge Capital records its best year in 2023 with a 130% rise in crypto investments, primarily in Bitcoin, Ethereum, and Solana. Scaramucci predicts Bitcoin will surpass its all-time high, bolstered by the recent approval of Bitcoin ETFs by the SEC.
Amazon CEO Jeff Bezos is Worth More Than Bitcoin’s Market Cap
It was recently announced that Amazon CEO Jeff Bezos’s wealth has surpassed that of Bitcoin’s market cap, meaning Bezos’ wealth has soared up to $171.6 Billion—the icing on the cake to top off his pre-divorce financial record.
Jul 13 Trading Analysis: Dont confuse the lack of volatility with stability
BTC has been relatively unaspiring this weekend as ALTs continue to steal the limelight with LINK, Tezos, and Defi names making good gains. For example, ChainLink has hit an all-time high over the weekend with the market pundits citing near record network usage and mainstream adoption (over 45 partners since April). Strategy: Continue to load up BTC options 8-8.5k puts,,,,,
President Biden Freezes Mnuchin's Controversial Proposed Regulation on Unhosted Crypto Wallets
FinCEN’s controversial regulation proposal on “unhosted” crypto wallet has been effectively frozen by President Joe Biden as his administration takes office today.
Fidelity Envisions Metaverse NFT Marketplace And Financial Services
Fidelity Investments has applied for US trademarks for a nonfungible token (NFT) marketplace, metaverse financial investing, and crypto trading services. Fidelity might provide mutual funds, retirement funds, investment management, and financial planning in virtual environments. The company may develop a digital media marketplace online, but specifics are few.
Twitter’s Decentralized Workforce Can Work From Home Forever Following COVID Lockdown
Twitter employees have been given the autonomy to choose when they will return to work once the social media giant’s offices open following the COVID-19 pandemic lockdown.
What Does Oracle's TikTok Deal Mean for the US? ByteDance Confident President Trump Will Approve Deal
ByteDance is confident that its deal with Oracle tech giant for TikTok’s US operations will be approved by both Chinese and American regulators.
Twitter and Facebook Grilled in Senate Hearing Over Social Media Censorship of US Presidential Election
Facebook and Twitter are facing heat from US Congress for how they handled political misinformation circulating on the social media platforms.
Plantoids: The Advent of New Blockchain-Based Lifeforms
Plantoids. What are they? Where do they come from? This new art project uses blockchain as a new outlet of artistic expression.
IOTA Foundation Announces the Alpha Release of IOTA Streams for Users' Ultimate Control Over Their Own Data
Today, the open-source non-profit foundation, IOTA has announced the final Alpha release of IOTA Streams.
What is Liquid Staking?
Liquid staking is revolutionizing the DeFi landscape by allowing users to stake their crypto assets while maintaining liquidity and earning rewards. This innovative approach is gaining traction in the crypto community.
Blockchain Video Game Firm Mythical Games Lays Off 10% Of Workforce
Mythical Games has joined the rising list of tech firms reducing headcount amid recession concerns.
Tencent Cloud Launches Deepfake Generator
Tencent Cloud, the cloud services arm of Tencent, has launched a deepfake generator that uses three-minute video clips and 100 voice sentences to create convincing digital humans. The service can create deepfakes in Chinese and English and costs $145.
Fidelity Set to Hire 100 Employees to Strengthen its Crypto Firm
Fidelity Digital Assets, the asset management Behemoth Fidelity's cryptocurrency division, has disclosed its plans to hire 100 new employees in the next six months to strengthen its workforce
Arthur Hayes Talks about BTC and SPX Post U.S. BTC ETF Launch
Arthur Hayes has highlighted the evolving relationship between Bitcoin and the S&P 500, raising questions about market dynamics, liquidity, and future asset trajectory.
Hedera Mainnet Exploited, Leading to Theft of Liquidity Pool Tokens
Hedera Hashgraph has confirmed a smart contract exploit on its mainnet, resulting in the theft of liquidity pool tokens from decentralized exchanges (DEXs) that use code derived from Uniswap v2 on Ethereum. The suspicious activity was detected when the attacker attempted to move the stolen tokens across the Hashport bridge, leading operators to temporarily pause the bridge. The exact amount of tokens stolen is unknown, and the Hedera team is working on a solution to remove the vulnerability.
Russian Citizens Are Using P2P Bitcoin Markets to Escape Monolithic Banking System
Crypto usage is growing in Russia, despite attempts by the government to make investment more difficult.
Northern Trust Partners with NUS to Advance Blockchain for Institutional Investors
Nasdaq listed company Northern Trust (NTRS), the National University of Singapore's School of Computing (NUS Computing), and the Asian Institute of Digital Finance (NUS AIDF) have announced a series of initiatives aimed at shaping the future of blockchain for institutional investors.
Boosting Trade Efficiency: XRPL's fixReducedOffersV1 Upgrade
The XRPL's fixReducedOffersV1 amendment, which has achieved 80% consensus, is in a two-week activation countdown, enhancing DEX functionality and addressing reduced offers in order books.
Will A Second Round of US Stimulus Payments Mean Another Bitcoin Bull Run?
As the second round of the US economic stimulus package is about to begin, crypto experts have been speculating on whether Americans will once again redirect their stimulus checks towards Bitcoin investments.
Elliptic Discovery Established to Seamlessly Assist Banks in Crypto-Asset Decisions
Elliptic, a London-based provider of crypto-asset risk management solutions, has revealed the launch of Elliptic Discovery, a database of more than 200 worldwide crypto exchanges, that is purposely built for banks in their quest to determine the flow of funds into and out of crypto-assets.
Kraken Brings Crypto Asset Liquidity to Skrill and Neteller
Paysafe, a leading specialized payments platform has chosen US-based cryptocurrency exchange Kraken as their crypto asset liquidity provider.
Korea’s Jeju Island Introduces Blockchain-Fueled COVID-19 App for Tourism
To recover from COVID-19 tourism losses, South Korea has introduced a blockchain-powered digital app for visitors of Jeju Island to ensure safe travels.
Trade Finance Platform We.Trade on the Brink of Liquidation, Report says
We.trade, a trade finance platform, established as a joint venture among multinational firms, including 12 banks is on the brink of liquidation, local media reports.
Fidelity Investments Adds More Than 12,000 New Jobs to Meet Customer Interest in Growing Areas Like Crypto
To address customer demands in growing areas like cryptocurrency and direct indexing, Fidelity Investments has created more than 12,000 job offerings to shape the future of financial services.
NVIDIA Acquires GPU Orchestration Software Provider Run:ai for $700 Million
NVIDIA, a leading technology company, has announced its acquisition of Run:ai, an Israeli startup that specializes in GPU orchestration software. The acquisition aims to enhance NVIDIA's capabilities in managing and optimizing AI computing resources across various environments. The terms of the deal, including the acquisition cost, have not been publicly disclosed.
Ethereum Liquid Restaking Drives DeFi TVL to $100B in Q1 2024
DeFi TVL nearly doubled in Q1 2024, reaching $98 billion, partly due to Ethereum's liquid restaking initiatives. However, a recent crypto market pullback has led to a decline to $86.6 billion.
Bitcoin Price and the Global Financial Crisis: Everybody's Looking at the Wrong Markets
While everybody obsesses over stock markets, bailouts, and inflation, the biggest global financial risks come from the collapse of debt markets. What does this mean for bitcoin?
Curve Finance Launches MIM/crvUSD Pool on Arbitrum, Bolstering DeFi Ecosystem
Curve Finance's new MIM/crvUSD liquidity pool on Arbitrum marks a significant advancement in DeFi, offering enhanced liquidity and user experience. This strategic move leverages Arbitrum's layer 2 capabilities for faster, cost-effective transactions, underlining Curve's commitment to innovation and community-driven governance.
AI Image Service Bans Xi Jinping Pictures
Midjourney, an AI image generation service, has banned users from creating pictures of Chinese President Xi Jinping. However, users have found a workaround by creating deepfakes instead. Midjourney has disabled access to its free trial version to prevent the proliferation of deepfakes on its platform. The ban has sparked criticism from some, who argue that it is a form of censorship and undermines free speech.
Elon Musk Endorses Pro-Crypto Republican Presidential Candidate Vivek Ramaswamy
Elon Musk endorses pro-crypto candidate Vivek Ramaswamy. Amidst tense crypto regulations, the 2024 U.S. elections may shape the future of digital currencies.
Bitdeer and NVIDIA Partner to Launch AI Cloud Service in Asia
Bitdeer Technologies Group and NVIDIA are set to launch Bitdeer AI Cloud in Asia, utilizing NVIDIA DGX SuperPOD technology, to meet the growing demand for AI computing power in the cloud PaaS market.
Exclusive: Can Onchain Custodian Fill Fidelity's Gap in Crypto Custody?
While wall street giant Fidelity tapped into the crypto custodian space, can Onchain Custodian survive under the fierce competition? Alexandre Kech, CEO of Onchain Custodian believes that they can fill Fidelity's gap in the crypto custodial market. He also explains how the surging demand in BTC futures and crypto collateral can present huge business opportunities for crypto custodians.
Japanese E-book Publisher Turns to Blockchain for Distributiion in the Pandemic Era
A Japanese book distributor is mulling an investment in a blockchain-based platform to distribute e-books, as partial lockdowns due to the ongoing COVID-19 pandemic continue in Japan.
Bitcoin Convert Jim Cramer says Wall Street Ignoring COVID-19 Cases, Biden Election Fraud Dispute and Collapse in Stimulus Talks
Bitcoin convert and CNBC analyst Jim Cramer thinks Wall Street is ignoring market risks from rising US COVID-19 cases, the 2020 election dispute, and collapse in stimulus talks.
Italy's G7 Presidency: Focus on AI Regulation, African Development, and Ukraine Support
Italian Prime Minister Giorgia Meloni outlined Italy's G7 presidency priorities for 2024, focusing on AI regulation, supporting African development, and maintaining support for Ukraine against Russia.
Bitfarms Sells 1500 BTC Goes for New Loan to Boost Liquidity
Bitfarms has now relied on sales of some of its mined Bitcoins and borrowings to fund its capital expenditure and improve its liquidity.
Uniswap Makes its Way onto StarkNet with Nethermind's Help
Nethermind, an Ethereum Development Company is helping to launch the Uniswap Decentralized Exchange (DEX) onto the StarkNet Layer-2 network.
MicroStrategy's Debt Dilemma: A Balancing Act Between Bonds and Bitcoin
Adam Cochran discussed MicroStrategy's financial quandary due to its 2025 and 2028 convertible notes amidst its extensive Bitcoin holdings. Failure to address the 2025 note could lead to a 15% equity dilution, while refinancing could spike yield rates. Options like leveraging Bitcoin or selling it to cover debts were explored, with the latter potentially causing a dip in market confidence. Cochran hinted that the year-end decisions could significantly impact how MicroStrategy navigates its debt come 2024.
Kraken Joins Consortium to Support, Build Liquid Staking Protocol
Crypto exchange Kraken has joined a consortium meant to support and build an enterprise-grade liquid staking protocol dubbed Liquid Collective.
Charles Hoskinson Proposes Solution to Fix Twitter’s Problem, Taking Digital Identity to the Blockchain Age
With the recent Twitter hack, implicating individuals including Elon Musk, Bill Gates, Joe Biden, and a few others, Cardano founder Charles Hoskinson spoke about the issue in his most recent Whiteboard video.
$4 Billion Laundered by Criminals through DEXs, Elliptic Report Shows
Elliptic's report suggested that criminals have laundered the total sum of $4 billion through Decentralized Exchanges (DEXs), bridges, and protocols offering Coin Swaps.
German Crypto Neobank Nuri to Sets Date to Close its Business
German crypto Neobank, Nuri is closing shop later this year
Fidelity Digital Assets Custody Ready for Bitcoin Derivatives Yield Fund
Wave Financial, based in Los Angeles, launched the Wave BTC Income & Growth Digital Fund, racing to become the first crypto derivatives-based yield fund in the market.
3AC Co-Founder Reappears, Blames Liquidators for 'Baiting'
Su Zhu, Three Arrows Capital co-founder, has revealed fresh details behind the collaboration between the prominent hedge fund firm and its liquidators.
Have We Really Seen the Last of Former Presidential Crypto-Candidate Andrew Yang?
Have we really seen the last of former Presidential Crypto-Candidate Andrew Yang?
Meta Unveils Next-Gen AI Emu Video and Emu Edit
Meta's Emu Video and Emu Edit are advanced AI tools for video and image editing, enhancing creative processes and ensuring ethical AI deployment.
EBA Issues Updated Guidelines for Crypto Asset Service Providers
The European Banking Authority (EBA) extends Anti-Money Laundering and Counter-Terrorist Financing measures to include crypto firms, aiming to harmonize regulatory approaches and mitigate financial crime risks in the EU.
Bitcoin’s Liquidity is Vanishing From Exchanges and Supply Crisis is Near, Bullish for BTC Price
Bitcoin ultimately has a total supply of 21 million coins, some of which has not been mined yet; considering lost coins, the actual supply is way fewer.
IOTA Looks into “Data Sharding” to Increase Storage on Tangle in Progress for Nectar
IOTA recently published a December update, announcing its progress for its remaining elements for the delivery of IOTA 2.0, Nectar.
What is DTube?
DTube is a decentralized video sharing platform launched in August 2017 by Adrien Marie, and is one of the most popular decentralized alternatives to YouTube.
South Korean Police Raid Bithumb Crypto Exchange For Second Time in BXA Token Fraud Case
Bithumb, the largest crypto exchange in Korea has been raided for a second time in five days by the South Korean police.
How Crypto is Helping a Globally-Recognised NGO with Their Covid-19 Response
The Covid-19 pandemic has taken its toll on the world, causing almost half-a-million deaths, illnesses, and economic downturns. The World Bank argues that the deadly virus could push up to 60 million people into extreme poverty, wiping out the progress made in this area in the past three years.
Biden To Aim at Deal With The Role of Crypto in Ransomware Attacks at G7 Meeting
Ransomware attacks and the role of cryptos like Bitcoin is a concern to the U.S. President Joe Biden is set to address with the G7.
$5.8m Fund Retrieved for Hacked Funds of Ronin Bridge: CZ
Popular exchange Binance has retrieved funds worth $5.8 million, looted from the $625 million exploits on the Ronin Software Bridge employed by gamers of Axie Infinity in March.
InfStones aims to simplify ETH staking through Shappella upgrade
InfStones is offering a new Ethereum validator service that allows users to launch validator nodes for staking with just a few clicks. The platform is targeting both users and institutional investors by providing a simpler way to stake their tokens, with the added benefit of being able to stake less than 32 ETH after the Shappella upgrade. However, there has been a slight decline in Ethereum staking deposits due to regulatory pressure and the upcoming upgrade.
ShareRing Rolls Out Skinny ID for Frictionless Blockchain-Based Digital Identity Solutions
ShareRing, a blockchain-based ecosystem providing digital identity solutions, has launched Skinny ID aimed at offering a seamless and frictionless onboarding process.
DeFi Protocol Harvest Finance Put Out $100K Bounty After $24M Attack, FARM Token Crashes
Harvest Finance is taking the offensive against an alleged attacker who exploited the DeFi protocols liquidity pools—putting a $100K bounty on the hacker.
Bill Gates Foundation’s COVID-19 Vaccine is a Satanic Plot says Oscar-Winner
Microsoft’s recent patent for a human powered crypto mining system based on sensors that convert physical or mental activity into computer power has generated a lot of interest and captured the imagination of the public, but perhaps some are looking a little too closely.
Microsoft Reveals Azure Maia AI Accelerator and Azure Cobalt CPU
Microsoft unveiled Azure Maia 100 AI Accelerator and Azure Cobalt CPU, optimized for AI and cloud computing, with deployment scheduled for early 2024.
Fidelity Digital Assets Head says Bitcoin Still Too Volatile To Be Store of Wealth
Tom Jessop, President of Fidelity Investments digital assets arm said his firm still uses the word “potential” when describing volatile Bitcoin’s ability to act as a store of value
Cosmos Hub Votes to Reduce ATOM Inflation Rate to 10%
Cosmos Hub proposes reducing ATOM inflation rate from 14% to 10%, lowering annual staking yield from 19% to 13.4%, optimizing security expenses and introducing a liquid staking module.
Flipside Crypto Pulls $50m from Investors, Led by Republic Capital
Flipside crypto, blockchain analytics, and business intelligence startup have raised $50 million in new funding round to increase its valuation tenfold to $350 million.
Likvidi Launches Platform with Blockchain Tech for Projects access Carbon Credit Markets
Likvidi and Albo Climate have launched a platform with blockchain technology to help projects access the carbon offset markets.
Washington D.C. Attorney Faces SEC Insider Trading Charges
Romero Cabral da Costa Neto, a visiting attorney at a global law firm, has been charged with insider trading by the SEC, alleging he accessed confidential information about Swedish Orphan Biovitrum's acquisition of CTIC and purchased over 10,000 shares.
Bitcoin Online Courses Skyrocket by 300% in The Wake of Coronavirus
Many people are enrolling for cryptocurrency and Bitcoin online courses as coronavirus (COVID-19) has necessitated measures like quarantines, social distancing and lockdowns. As the world continues grappling with this infectious disease, people have been made to change their daily lifestyles and settle for alternatives like the online space for knowledge acquisition.
New Blockchain Patent Presented by US Postal Service as Trump Denies Funding for Mail-In Votes
In light of the 2020 US presidential elections, Trump admitted to denying funding to the United States Postal Service (USPS), despite the mailing service’s proposal on Thursday of a new patent for a blockchain-powered voting system, which would make ballot casting more secure.
Biden's Administration to Release Crypto Strategy on Digital Assets Next Month
US President Joe Biden's administration is working on an initial government-wide strategy on digital assets for release next month.
Sequoia Capital's $213.5m Investments in FTX Marks Down to $0
Amid the liquidity crisis in FTX, Sequoia Capital announced to mark down its FTX investment to $0.
PwC Singapore's Venture Hub, on the Investment Sentiment of Blockchain Startups
We arranged an interview with Lim Shu Ning, Director in PwC Singapore’s Venture Hub specializing in Blockchain during the SFF, which Shu Ning shares with us the investment sentiment of Singaporean blockchain startups and the state of enterprise blockchain adoption in Singapore.
Microsoft President Says Fintech Firms Should Leave the Role of Issuing Digital Currencies to Governments
Microsoft President Brad Smith has criticized financial technology firms attempting to issue currencies, stating that governments are still best suited to play this role.
AI's 2024 Outlook: Insights from Germanidis, Hooker, Liang, Luccioni, Moiloa, and Scott
Batch Issue 229 envisions AI's 2024 vision, emphasizing inclusive, transparent, and ethical development, focusing on multimodal models, real-time interactivity, language gap, transparency, governance, and human contributions.
UK to Host First International AI Safety Conference in November
The United Kingdom is set to host the world's first international conference on AI safety on November 1-2, 2023. The summit aims to position the UK as a mediator in tech discussions between the US, China, and the EU. Prime Minister Rishi Sunak will host the event at Bletchley Park, featuring notable attendees like US Vice President Kamala Harris and Google DeepMind CEO Demis Hassabis. The conference will focus on the existential risks posed by AI, among other safety concerns.
David Beckham Joins Metaverse, Becomes DigitalBits Blockchain Global Brand Ambassador
Famous football star and entrepreneur David Beckham has been announced as a global brand ambassador for the DigitalBits blockchain.
Exclusive: Liberal Society Comes with Friendly Crypto Regulations
As a veteran lawyer in technology, Nathan Kaiser of Cardano Foundation shares his insights in identifying countries with friendly crypto jurisdictions. He also examined how different jurisdictions affect both on-chain and off-chain governance.
Binance Launches 'Crypto Against COVID' Charity Project To Fight Global Pandemic
On March 25, 2020, Binance in its blog post announced the launch of its new fundraising project titled 'Crypto Against COVID' which aims to raise $5 million in cryptocurrencies which will be used to buy medical equipment for the countries worst affected by Coronavirus.
US Congress Considers Using Blockchain for Remote Voting While the White House Urged to Stay Competitive with China
The US Congress is considering using blockchain technology to enable the Senate to conduct remote voting during the ongoing COVID-19 pandemic. The report highlighted that the crisis emphasized the need to consider certain functions to proceed remotely when it may not be safe for members to gather in person. The report explored a combination of different technologies to be used, including blockchain and encrypted E2EE.
Heterosis Launches Dynamic NFT Flower Collection
Snark.art and OG.Art's Heterosis project has launched a collection of dynamic NFT flowers that can be bred and customized by users. The project creates two virtual flower markets and is housed in a metaverse greenhouse that can be accessed via various devices.
The Most Unworkable State Law
An Illinois senator has presented a law that would compel crypto node operators, miners, and validators to reverse transactions if ordered by the court, even though it's impossible.
Ethereum's Shapella Upgrade Complete
Ethereum's Shapella upgrade has been successfully completed, allowing validators to withdraw their staked Ether on the Beacon chain. Over 44% of active validators have the ability to request partial or full withdrawals, with most withdrawals being for staking rewards. Major exchanges have announced their support for ETH unstaking, with several already processing withdrawal requests.
Mid-Size Banks Ask for Deposit Insurance Extension
The Mid-Size Bank Coalition of America (MBCA) has requested that the US Federal Deposit Insurance Corporation (FDIC) extend insurance on all deposits for the next two years, which would immediately halt the outflow of deposits from smaller banks and stabilize the banking industry, according to a Bloomberg report. The MBCA proposed that the banks themselves fund the insurance program by raising the deposit-insurance assessment on lenders who opt to participate in the increased coverage, and the failure to provide this could result in up to 300 banks going under.
EU Council Adopts DAC8 Directive to Enhance Tax Oversight on Crypto Transactions
The Council of the EU has adopted the DAC8 directive to enhance administrative cooperation among national tax authorities concerning crypto-asset transactions and tax rulings for high-net-worth individuals. The directive broadens the scope of assets covered, mandates automatic information exchange, and aligns with global standards set by the OECD and G20 to address challenges posed by the digital economy.
Fidelity Files for Bitcoin Fund After Validating Model Predicting BTC Price at $1 Million
Peter Jubber, the president and director of digital funds at Fidelity filed for a new fund dedicated to Bitcoin with the US SEC.
Coinbase CEO: Americans are Investing Their COVID Stimulus Checks in Bitcoin
Brian Armstrong, the CEO of US-based crypto exchange Coinbase, has revealed data showing how $1,200 deposits similar to the stimulus checks being offered to Americans by the government has skyrocketed this week. Coinbase is the leading crypto exchange in the American soil.
US President Joe Biden to Sign Executive Order on Crypto this Week
U.S. President Joe Biden is expected to issue an executive order on cryptocurrency this week. Authorities would be expected to develop policies to enable the U.S. government to work with foreign powers to regulate crypto and its trade across international borders.
Ransomware Hackers Hunt for Bitcoin by Targeting Call of Duty: Warzone
Ransomware hackers have raided Call of Duty: Warzone player accounts and demanded Bitcoin payments in exchange for releasing the retained data.
The Listing of Clean Energy Crypto-Mining & Semiconductor ETF on NYSE Launches
The clean energy encrypted mining and semiconductor exchange-traded fund (ETF), created by registered investment advisor and emerging fund manager Viridi, was officially traded on the New York Stock Exchange on July 20 under the code name RIGZ.
How is CoinMarketCap Combating Fake Crypto Trading Volumes with its New Liquidity Metric?
Crypto data aggregator, CoinMarketCap (CMC), held its inaugural large-scale event, The Capital, bringing together leading stakeholders in the blockchain and cryptocurrency space. Held at the Victoria Theatre in Singapore on Nov. 12-13, CMC released its new metrics for assessing liquidity for the industry to solve the problem of volume inflation caused by crypto exchanges and market makers
Trump Ends COVID-19 Pandemic, according to White House Release
The Trump Administration has ended the COVID-19 pandemic, or at least according to the list of his accomplishments from the White House Science and Technology Office.
University of Cambridge: Crypto Asset Users Have Skyrocketed to 101 Million Globally
The University of Cambridge has found that the estimated number of cryptoasset users stands at 101 million worldwide.
Power Ledger Wikipedia Page Removed By Biased Crypto-Hating Wiki Editor David Gerard
Power Ledger recently became the target of the anti-crypto zealot and Senior Wikipedia Editor David Gerard who argued to delete their Wiki page.
Crypto Squid Collapses after Jumping More Than 310,000% in Value
Cryptocurrency Squid, inspired by the popular Netflix series Squid Game, collapsed on Monday after jumping more than 310,000% in value as of Sunday night.
Malaysia’s Securities Commission Touts Cryptocurrency’s Potential Amid a COVID-19 Digital Normal
The Securities Commission of Malaysia backs cryptocurrency use and says it has great potential, despite a lack of understanding regarding digital assets in the country.
COVID-19 Market Climate Perfect Catalyst for Bitcoin Demand Says Binance.US CEO
The coronavirus panic-driven frenzy to acquire assets of lasting bona-fide value has put the traditional gold market to the test and may be creating the perfect catalyst for Bitcoin according to Binance.US CEO Catherine Coley.
Most Americans Plan to Use $1,400 Stimulus Checks to Invest in Bitcoin and Stocks - Mizuho Survey
Mizuho has released a new survey showing that with the third round of $1,400 stimulus payments already hitting Americans’ bank accounts, most recipients are planning to use their stimulus checks to buy Bitcoin and stocks. Interestingly, the survey found that Bitcoin was a more popular choice among stimulus recipients than stocks.
How Meta's FlowVid will Revolutionize Video-to-Video Synthesis with Temporal Consistency
Researchers at Texas at Austin and Meta GenAI developed FlowVid, a V2V synthesis framework that improves synthesis efficiency and quality, outperforming existing models in video creation and editing.
Bitcoin Price Drops Below $9K as Stock Markets Erase Gains Amid Incoming Second Wave of COVID-19 Cases
Bitcoin price is currently hitting its lowest levels in around 3 weeks, as stocks are rumored to anticipate an incoming crash. Bitcoin (BTC) dipped below the $9,000 on June 15 and continued to hover above $9,000 shortly after.
Binance Implements Mandatory Identity Verification (KYC) Requirements
Binance has implemented KYC requirements for all sub-accounts created under its Link Program, with non-compliant sub-accounts facing restrictions and eventual account suspension.
Tackling DeFi Scams: Making Pre-sale Ecosystems Safer
Investors are aware that “rug pull” scams have negatively affected the reputation of the DEFI/DEX space in recent times. But liquidity protocols could be an effective solution.
Wallet of Satoshi Withdraws from the U.S. Market Amid Regulatory Challenges
Wallet of Satoshi withdraws from U.S. market, highlighting regulatory challenges faced by crypto service providers like GameStop and Binance, reflecting evolving U.S. cryptocurrency regulation landscape.
Intel launches Articul8 AI with DigitalBridge
Intel and DigitalBridge launch Articul8 AI, focusing on secure, enterprise-grade GenAI software, with diverse industry applications.
Silvergate Bank Voluntary Liquidation Sparks Controversy in Crypto Industry
The recent announcement of Silvergate Bank’s voluntary liquidation has led to a heated debate in the crypto industry, with some lawmakers labeling the sector as “risky” and “volatile.” Crypto executives and commentators have criticized these remarks and suggested that government investigations and legal attacks hastened the bank’s collapse. As Silvergate winds down, some crypto firms are seeking alternative banking partners amid concerns of regulatory crackdowns and proposed tax law changes.
Ripple CEO Says Bitcoin PoW Energy Use Makes Square Target of Biden’s Climate Change Agenda
Ripple CEO thinks Bitcoin’s PoW energy consumption makes public companies who invested heavily in BTC, like Square, potential targets of Joe Biden’s climate change agenda.
Binance Launches Crypto Prepaid Card in Argentina through Partnership with Mastercard
Binance has rolled out its first crypto card in Argentina. The exchange plans to expand the service to other Latin American nations, including Brazil, Peru, Colombia, and Brazil.
Polygon Announces the Launch of a Direct Bridge by Ren Protocol
Polygon’s official Twitter announced to launch a direct bridge to Polygon by Ren open protocol.
Fidelity Investments Acquires $20M Stake in Bitcoin Miner Marathon Digital
Fidelity Investment Inc now has a 7.4% stake in Marathon Digital Holdings, a major crypto mining firm in North America.
FATF Assessment Finds Majority of US Exchanges are Compliant with Virtual Asset Guidance
The Financial Action Task Force (FATF) has published an assessment of the US’s compliance with its revised criteria for anti-money laundering (AML) and terrorist financing (CTF) through virtual assets and found that most virtual asset providers are compliant.
$115 Million in Bitcoin Was Acquired by an Asset Manager as its Primary Treasury Reserve Asset
Stone Ridge Asset Management, home to $13 billion in assets under management (AUM) has recently purchased $115 million in Bitcoin.
Solana Network Experiences Slowdown in Block Production Following Upgrade
After validator software update, Solana network block generation slowed on Feb. 25.
Coinbase and Venmo Users Angered by Privacy Issues—Fintech Firm Faces Second Class Action Lawsuit
A second lawsuit has been filed against the fintech company Plaid, for violating user data privacy agreements they hold with major financial accounts that use Coinbase and Venmo.
Chinese President Xi Jinping Highlights the Transformative Impact of Blockchain and AI on Global Industries
Chinese President Xi Jinping praised emerging technologies like AI and blockchain at the 2023 China International Intelligent Industry Expo, highlighting their potential global implications.
Mashreq Bank and DIFC Launch First KYC Blockchain Platform in UAE
Dubai International Financial Centre (DIFC) and Mashreq Bank announced the launch of the region’s first blockchain data-sharing platform which went live on March 1.
DWF Ventures Explores Innovations in Perpetual DEXs Landscape
DWF Ventures delves into perpetual DEXs, emphasizing the blend of decentralization and innovation. The discourse spans from perpetuals' inception in 2016 to notable DEX protocols like dYdX and HyperliquidX advancing the ecosystem. The narrative underscores the continuous innovation and the anticipation for future advancements in the perpetual DEX landscape.
FTX Exchange Acquires Japan-based Liquid Exchange
FTX Derivatives Exchange has acquired Japanese digital assets brokerage firm, Liquid Group, and its existing subsidiaries Quinone Corporation and Quinone Pte in Singapore.
Crypto Candidate Andrew Yang Calls for Clarity on Hodgepodge Regulations
Presidential candidate Andrew Yang has been owning his moniker as the ‘Crypto-Candidate’, as he once again highlighted the “high potential” of cryptocurrencies in an interview with Bloomberg on January 29. During the interview, he discussed his thoughts and strategy for regulating digital assets and cryptocurrencies.
78% of the Circulating Bitcoin Supply is Illiquid, a Clear Bullish Indicator as BTC is Being Hoarded
78% of the circulating Bitcoin supply is illiquid, and Glassnode noted that this is an indicator of bullish investor sentiment.
Bitcoin Is Still the Cryptocurrency to Own Despite Current Struggles, says SkyBridge Capital Founder
SkyBridge Capital founder Anthony Scaramucci believes that Bitcoin is still the cryptocurrency to watch because it has attained “escape velocity."
dYdX Utilizes $9M Insurance Fund Following Alleged Targeted Attack on YFI
dYdX deployed $9 million from v3 insurance fund to cover YFI market liquidations, suspecting targeted attack and market manipulation. No user funds affected, insurance fund remains at $13.5 million.
Biden-Harris Administration Secures AI Commitments from Major Tech Companies
The Biden-Harris Administration has secured voluntary commitments from eight more artificial intelligence (AI) companies to manage AI risks. The commitments emphasize safety, security, and trust, requiring AI products to undergo security testing, share information on risk management, prioritize cybersecurity, and develop mechanisms to inform users. The administration is developing an Executive Order on AI and pursuing bipartisan legislation to position America as a responsible AI developer.
Digital Currency Group Suspends Payouts To Maintain Liquidity
Digital Currency Group (DCG) has suspended quarterly dividend payments. Genesis Global Trading, a crypto broker company, causes financial troubles. Genesis stopped withdrawals on Nov 16.
Yuga Labs Teases 'Otherside' as its Potential Next Project
Yuga Labs has teased its next project called Otherside which is billed to be launched in April.
Brock Pierce's Presidential Campaign Enlists Akon as Chief Strategist
Crypto entrepreneur Akon has announced that he will be endorsing Brock Pierce’s presidential campaign and joining the crypto venture capitalist’s campaign team.
Fidelity Digital Assets Demystifies Common Misconceptions Surrounding Bitcoin
Fidelity Digital Assets, the US-based crypto arm of Fidelity, has taken it upon itself to debunk common misconceptions revolving around Bitcoin.
Google Cloud Becomes Validator on Polygon's PoS Network
Google Cloud has joined Polygon's PoS network as a validator, adding an extra layer of security and credibility. The network already has over 100 validators, and Google Cloud's involvement is expected to further strengthen it. Users can monitor validator performance through a dedicated dashboard, where Google Cloud has staked 25,391.67 MATIC.
Rogue Validator Outsmarts MEV Bots, Resulting in a $25 Million Loss
MEV bots attempting sandwich trades lost $25 million worth of digital assets to a rogue validator. The loss included Wrapped Bitcoin, USD Coin, Tether, Dai, and Wrapped Ether. Blockchain security firm CertiK explained that the attack was due to the centralization of power with validators, making them vulnerable to such attacks.
Entities Holding Less Than 100 BTC are the Best Survivors amid LUNA's Liquidation
In a bid to salvage the LUNA and UST crash, the Luna Foundation Guard (LFG) liquidated 80,081 BTC, but these coins were received with open arms by entities holding less than 10,000 Bitcoins.
Yotta Data Services Boosts Indian AI Capabilities with Nvidia Chip Acquisition
Yotta Data Services in Mumbai has empowered India's tech landscape by acquiring Nvidia AI chips, a move set to democratize AI solutions for local businesses and startups.
G7 Bank Sector Higher Money Laundering Risk than Crypto Industry, Reports Mexico Financial Intelligence
According to a report released by the Financial Intelligence Unit of Mexico, the G7 banking sector was most at risk of money laundering operations.
Web3 Security 2023 State Revealed, Nearly $2 Billion Lost
CertiK's "Hack3d: The Web3 Security Report 2023" provides a thorough analysis of Web3 security incidents in 2023, highlighting key vulnerabilities and trends in the blockchain and smart contract security landscape.
3AC Withdraws $45m from Curve and Convex amid Bankruptcy
Three Arrows Capital (3AC) might have declared bankruptcy, but the firm is still conducting a number of robust transactions according to insights derived from on-chain data.
Animoca Brands Secures US$20M for Mocaverse Expansion
Animoca Brands raised $20 million in a CMCC Global funding round to accelerate the Mocaverse project, a Web3-native tooling for gaming, culture, and entertainment. The funding will introduce Moca ID, a unique non-transferrable NFT collection, aiming to tap into Animoca Brands' 700 million potential users.
Fintech CEO Pleads Guilty to ICO and COVID-19 Loan Fraud in the US
Taiwanese national Justin Cheng has pled guilty to multiple counts of fraud involving $7M COVID-19 relief funds and ICO scams.
Australian and Los Angeles Residents Charged in $25 Million AI Crypto-Trading Ponzi Scheme
The DOJ indicts David Gilbert Saffron and Vincent Anthony Mazzotta Jr. for running a $25M AI crypto Ponzi scheme, involving fictitious entities, false promises, and misuse of investor funds.
Republicans Cry Foul Play, USPS Postal Employee Retracts Claims of Ballot Tampering
The US elections have finally come to an end, amid a flurry of anticipation and misinformation that have left the Republican party incredibly infuriated.
PwC: Blockchain Technology Has the Potential to Boost Global GDP Up $1.76 Trillion By 2030
Findings from PwC indicate that by 2030, blockchain technology has the potential to boost global gross domestic product (GDP) by $1.76 trillion.
Australian Securities Exchange Postpones Migration to Blockchain Settlement System Due to Coronavirus Concerns
The Australian Securities Exchange has further postponed the replacement of its current CHESS system with a new blockchain-based settlement system due to coronavirus concerns.
Mike Novogratz Wins 0.5 BTC on Biden Election Bet, Holds Twitter Lottery
Mike Novogratz revealed that he won half a Bitcoin in an election bet he placed on a Biden election win over the weekend. He then held an impromptu Twitter lottery giveway.
Bitcoin Will Not Likely Be Held by Central Banks in the Future, Says ECB President Christine Lagarde
Christine Lagarde, the President of the European Central Bank, has once again made her stance on Bitcoin clear.
Five Market Makers Nearing Worldcoin (WLD) Loan Settlement Date
The five market makers involved with Worldcoin's liquidity provision are approaching the loan settlement date of October 22. The recent on-chain activities reflect different strategies among these entities, possibly in anticipation of the settlement. The actions of these market makers could influence Worldcoin's market dynamics as the date nears.
Tencent Uses Blockchain in Annual "99 Giving Day" Charity Campaign
Chinese internet giant Tencent will use of blockchain technology in its annual internet charity campaign dubbed “99 Giving Day.”
SEC Rejects Fidelity's Wise Origin Bitcoin Trust spot ETF
The United States Securities and Exchange Commission (SEC) has published an order disapproving a proposed rule change to list and trade the shares of the Fidelity Investment-backed Wise Origin Bitcoin Trust under the BZX Rule.
Jump Crypto to Build New Validator Client for Solana
Following the growing security breaches on the Solana Blockchain network, Jump Crypto, a start-up known for many things in the digital currency ecosystem, from system redesign to investment, is set to help the protocol build a new validator client.
Bybit Rolls Out Grid Bot for Automated, Seamless Futures Trading
Crypto exchange Bybit has launched a new trading bot for seamless and automated trading to tame price volatility and risk associated with futures trading.
IBM, KPMG, Walmart, Merck Reveal Results of FDA Blockchain Drug Tracing Pilot
IBM, KPMG, Walmart, and Merck’s blockchain pilot in drug-tracing has successfully exceeded the US Food and Drug Administration’s (FDA) benchmarks. The pilot program aimed to encourage new technologies to be used in the pharmaceutical supply chain. Blockchain was used as a shared record movement of pharmaceutical drugs through the supply chain, which resulted in improved efficiency. Recalls were proven to be done in just seconds, rather than in days, as blockchain offers traceability.
British Virgin Island Court Orders the Liquidation of Three Arrows Capital
Earlier this week, a British Virgin Islands Court ordered the liquidation of the embattled crypto hedge fund, Three Arrows Capital (3AC), as the firm has proven beyond doubt that it cannot fulfill its debt obligations
Recharge Capital Appoints Former Bridgewater Associates Singapore Executive, Margaret Wang, as Managing Partner
Recharge Capital has appointed Margaret Wang as its new Managing Partner, focusing on the Women's Health Strategy and operations in the APAC region. Wang has experience in senior leadership roles at global financial institutions and has previously led the Singapore office of Bridgewater Associates Singapore. She will also lead Rhea Holdings Co., a $200M women's healthcare-focused investment vehicle.
Asian Investors Have a Better Disposition to Crypto than Europeans and Americans, Fidelity Survey finds
A Fidelity backed survey has revealed a growing interest in crypto amongst Asian investors over Europeans and Americans respectively.
Unreleased Version of David Bowie's "Let's Dance" Surfaces as NFT
Gala Music, in partnership with Larry Dvoskin and Warner Chappell Music, is set to launch a limited edition collection of NFTs featuring an unreleased version of David Bowie's "Let's Dance." Each NFT will give its owner exclusive access to the song, co-produced with Bowie in 2002, with initial profits going toward charity.
Ray Dalio’s Bridgewater Associates Prepares to Invest in a Crypto Fund
Hedge fund giant Bridgewater Associates is looking to tap into the digital asset space for the first time.
NIST's Call for Public Input on AI Safety in Response to Biden's Executive Order
NIST is seeking public input to create AI safety guidelines following President Biden's Executive Order, aiming to ensure a secure AI environment, mitigate risks, and foster innovation.
Reuters: U.S. Aims to Thwart Chinese Access to AI Chips via Overseas Outlets
The U.S. is contemplating tightening restrictions to prevent Chinese firms from accessing American AI chips via overseas outlets, reinforcing its stance on curbing China's AI military advancements. The move comes amid existing challenges in enforcing export controls, with the new rules expected to broaden the scope of restrictions on the AI chip market.
Binance, CoinMarketCap, BitPay, Coinbase, Paxful Among Android Apps Earmarked by Latest EventBot Malware
Cybereason, a US-based cybersecurity company, has detected an Android malware dubbed EventBot that has been targeting money transfer and banking apps. Coinbase, Bitpay, CoinMarketCap, Binance, Mycelium Wallet, Bitcoin.com, Paxful, and CoinGecko are among a list of Android cryptocurrency wallets and applications whose security might be compromised as they are in the vicinity of this malware.
Valkyrie to Liquidate Bitcoin Balance Sheet ETF following Low Customer Demand
The Valkyrie Balance Sheet Opportunities Fund is expected to liquidate on October 31, 2022.
Uniswap Foundation Announces Grant Recipients for V4 RFPs
The Uniswap Foundation announced the winners of its first round of RFPs for Uniswap V4 on November 1, 2023. The projects include developing a Deposit Liquidity Widget, creating an open-source design package, compiling POC hook developer documentation, and researching malicious hook design space.
Lido DAO Faces Class-Action Lawsuit Over LDO Token Alleged to be Unregistered Security
A class-action lawsuit against Lido DAO alleges its LDO token is an unregistered security, claiming responsibility for investor losses following the token's price decline.
US Senator Questions Bitcoin Mining Firm on Environmental Impact
US Senator Elizabeth Warren questioned bitcoin mining firm Greenidge Generation Holdings about the impact of its operations on power prices, climate change and the local area as part of her efforts to tackle the negative consequences of cryptocurrency mining on the environment.
Is Bitcoin Digital Gold? SkyBridge Says Yes, JPMorgan Says No as Market Dynamics Have Changed
Institutional investment in Bitcoin has many convinced that it has already succeeded in its transition into digital gold—but the debate continues to rage at the highest levels.
Crypto Exchange Kraken to Launch in UAE
U.S.-based cryptocurrency exchange Kraken expands to the UAE, and open an office in Abu Dhabi.
How Blockchain Technology is Helping to Fight the Novel COVID-19 Pandemic
Coronavirus disease has changed our lives in unprecedented ways. With the imminent lockdown caused by the virus, several reorganizations had to be implemented to keep our lives going. This brief analysis highlights some of the key ways that the application of Blockchain Technology is helping in the fight against the COVID-19 disease and pandemic.
MakerDAO May Onboard USDC as DAI Collateral Support to Combat Mounting Liquidity Risk
The share plunge of the cryptocurrency market has severely hit MakerDAO, the leader in the decentralized finance (DeFi) ecosystem. Last week its market value fell sharply from 889M to $246M which brought together Maker’s developer community who have recently discussed adding support for Circle’s USDC as collateral to hedge against the liquidity risk.
TrueUSD Depegging Linked to Binance Launchpool Activities
TrueUSD (TUSD) depegged below its $1 parity, dropping to $0.97, amid significant selling on Binance and issues with real-time reserve attestations. The depegging was linked to activities on Binance Launchpool and raises questions about stablecoin stability and transparency.
ShareRing Enhances Digital Identity Solutions by Merging ShareToken
ShareRing, a blockchain-based ecosystem providing digital identity solutions, announced to merge ShareToken (SHR) into the Ethereum and Binance networks through a Multichain swap.
Axie Infinity's Ronin Bridge Officially Reopens after $625m Hack
Axie Infinity’s Ronin Bridge is back online months after it was drained of about $625 million through an exploit back in March
AI and 5G Integration with Blockchain Infrastructure form Foundation of China's New Deal To Combat 2nd Great Depression
AI and 5G integration with Blockchain Infrastructure will form the foundation of China's New Deal To Combat the Second Great Depression
Uniswap Labs Announces Upcoming v4 and Developer Training Program
Uniswap Labs teases the launch of Uniswap v4 and introduces an 8-week developer course to master v4 hooks, led by industry experts including Will Pote.
New Ride-Hailing App to Transform Payments by Offering Blockchain Direct Transactions
Bayride has revealed RideNode, a new transportation virtual and blockchain currency that seeks to transform the payment structures in this sector. America’s ride-hailing industry is touted to be revolutionized because RideNode will offer direct transactions between the service provider and consumers.
Kraken Closes Abu Dhabi Office
Less than a year after receiving regulatory licence to operate in Abu Dhabi's international financial hub and worldwide market, Kraken is departing.
Opensea NFT marketplace Accuses Senior Employee of Insider Trading
Opensea has confirmed an insider trading against the company’s head of product.
Jack Ma Pays Price: 2.1 Trillion Yuan Ant IPO for 21 Minutes Speech
Analysis of what happened to Ant Group after Jack Ma's speech on financial regulation, and the secrets of the Ant Group business.
Visa Launches a Blockchain System that Algorithmically Ensures Fairness
Visa, a prominent card payment solution provider, has developed a blockchain-driven system dubbed LucidiTEE that seeks to enable multiple parties to compute large-scale private data jointly. This is touted to happen in such a way that policy compliance is guaranteed even if the input providers are offline.
SEC Enacts New Registration Mandate for Key Market Players to Bolster Oversight
The SEC introduced new rules requiring liquidity providers to register as dealers or government securities dealers in February 2024, aiming to improve market stability and transparency.
International Chamber of Commerce to Deploy Blockchain-Powered App for Tamper-Proof COVID-19 Compliance Status
International Chamber of Commerce (ICC) has inked a partnership with International SOS, the globe’s biggest medical and travel security services firm, to establish a new blockchain-enabled mobile app dubbed ICC AOKpass. It will be instrumental in providing trusted and immutable recognition of persons’ COVID-19 compliance status.
US Government Creates Cyber Fraud Task Force to Put an End to Crypto Crime
The US Secret Service is hoping to put an end to the increasing money-laundering cases that have erupted with the rise of COVID-19, by creating a special division, dubbed the Cyber Fraud Task Force (CFTF).
Binance.US Offers Institutional Liquidity to Tagomi Users in a Partnership Deal
Binance.US has partnered with Tagomi, a crypto brokerage firm, to offer institutional liquidity to its users in its cross-exchange trading platform.
Manta Network Launches "Blast Off to Manta" with $MANTA Incentives
Manta Network introduces "Blast Off to Manta" for instant Blast withdrawals & MANTA rewards, aiming to enhance the DeFi ecosystem.
3 Ways Biden Can Be Friendly With China
I’ve often viewed myself as both a global citizen and a bridge between East and West. The Biden Administration has a once-in-a-generation opportunity to redefine America’s role in the global economy and pave the way for success in world with two equal economic superpowers. Here’s how…
185 Blockchain Hacking Incidents with $920M Loss Reported by SlowMist in First Half of 2023
SlowMist, a renowned blockchain security firm, has recently published its mid-2023 report on Blockchain Security and Anti-Money Laundering (AML). The report offers a comprehensive overview of the current global landscape of blockchain security and AML developments.
Video Generation: ByteDance MagicVideo-V2 Outperforms Pika 1.0, SVD-XT?
ByteDance's MagicVideo-V2 surpasses Pika 1.0 and SVD-XT in AI-driven video generation, showcasing advancements crucial for the parent company of TikTok and Douyin and the broader tech industry.
Marathon Digital Admits to Mining an Invalid Bitcoin Block
Marathon Digital Holdings encountered a setback as it mined an invalid block on the Bitcoin network due to an internal bug amidst an operational optimization experiment. The company acknowledged the error and praised Bitcoin's self-corrective security measures.
Circle Introduces Native USDC on OP Mainnet: What It Means for the Ecosystem
Circle launches native USDC on OP Mainnet, replacing Ethereum bridged liquidity. Collaborating with Optimism, it will be available on Coinbase's Base, Solana, Ethereum, and Mercado Pago.
CoinsPaid Total Transaction YTD Tops €16B despite Crypto Winter
Cryptocurrency processing platform CoinsPaid has shared an update on its performance in Q3, revealing it saw a two times growth in its transaction volume when compared to the same period of last year.
Spanish Opposition Party Partido Popular Proposes Bill Allowing Crypto Payment for Mortgage
Spain opposition party- Partido Popular (PP) party has proposed a bill allowing the use of cryptocurrency to pay for mortgage loans.
US Judge Blocks Trump Administration’s Ban on TikTok Downloads
A federal US judge granted an injunction request against the Trump Administration’s order to ban TikTok downloads across all US app stores.
Nigerian Police Arrest Politician Wilfred Bonse for Involvement in Patricia Technologies Financial Fraud
Nigeria Police Force arrests politician Wilfred Bonse for over 200 million Naira financial fraud at Patricia Technologies, three for romance scam, and USDT recovery in cryptocurrency fraud.
Coin Cloud Customer Data and Source Code Allegedly Stolen
Coin Cloud, a cryptocurrency ATM provider, has suffered a data breach involving 70,000 customer selfies and 300,000 PII stolen, highlighting the need for improved security measures in the cryptocurrency sector.
Crypto Miner Greenridge on a Mission to Raise $22.8M
Crypto miner Greenridge Generation is on a mission to raise up to $22.8 million through an at-the-market offering.
Federal Judge Refuses to Consolidate Class-Action Lawsuits Against FTX Exchange
A federal judge has denied a request to consolidate five proposed class-action lawsuits against the bankrupt crypto exchange FTX. The plaintiffs, including Julie Papadakis, Michael Elliott Jessup, Stephen Pierce, Elliott Lam, and Russell Hawkins, accuse former FTX CEO Sam Bankman-Fried and other executives of misappropriating assets. While all the plaintiffs are pursuing Bankman-Fried, the cases also involve various other defendants, including outside auditors and exchange promoters. The judge pointed out that not all defendants had the opportunity to respond yet, and there's no need to consolidate before hearing their side.
Slim Odds of Slashing and Best Practices to Avoid it
According to Ethereum core developer Superphiz, just 0.04% of ETH-staking validators have been eliminated.
EDX Markets is Expanding in Singapore
EDX Markets expands to Singapore, backed by Citadel Securities and Fidelity Digital Assets, introducing innovative trading options like spot and perpetual futures, and emphasizing non-custodial clearing solutions.
AI and Competition Policy: Insights from the White House Meeting
The White House meeting on competition policy and AI highlighted concerns about market concentration in critical AI components and its impact on small businesses. The discussion emphasized the need for fair competition and scrutinizing industry behaviors. The Biden-Harris Administration is committed to promoting competition and supporting small businesses in AI development.
Facebook’s Head of Crypto David Marcus Is Leaving the Company after 7 Years
David Marcus, the head of Facebook’s crypto projects, has announced his intent to leave the firm at the end of the year.
Three Arrows Capital Files for Chapter 15 Bankruptcy in the US
The embattled cryptocurrency hedge fund, Three Arrows Capital (3AC) has filed for Chapter 15 bankruptcy in the U.S. as it looks to preserve its assets in the State.
Ripple to Cash In One-Third of its Stake in MoneyGram
Leading blockchain payments company Ripple plans to sell a third of its stake in American money transfer firm MoneyGram.
Bill Gates Denies COVID-19 Vaccine Microchips and Satanic Conspiracy Theories
Bill Gates, Microsoft Founder and billionaire philanthropist, has responded to conspiracy theories that his charity foundation is planning to use the coronavirus vaccine to implant microchips into the global population. The conspiracy itself appears to have started with a patent for a very innovative cryptocurrency mining system filed by Microsoft earlier this year.
Paxful CEO: COVID Economic Measures Add Fuel to Peer-to-Peer Bitcoin Renaissance in India
As the impact of the coronavirus pandemic continues to steer Central banks and monetary policy into new and creative directions, the market outlook has been drastically altered to view alternative assets such as Bitcoin as legitimate safe haven assets. Recent developments with the Reserve Bank of India lifting its crypto ban has also triggered a wave of cryptocurrency buying in the emerging economic superpower, and Paxful has been right at its centre.
Fantom Foundation Lowers Staking Threshold to 50,000 FTM
Fantom Foundation has reduced its validator staking requirement from 500,000 FTM to 50,000 FTM, aiming to boost network security and accessibility, following a June 2023 governance vote.
Liquid Exchange Taps Market License to Offer Crypto Derivatives in Japan
Digital currency trading platform Liquid Exchange has tapped the Japanese license that now qualifies it as a Type I Financial Instruments Business under the Financial Instruments and Exchange Act.
Elliptic Debunks Claims of Substantial Crypto Funding to Hamas
Elliptic, a blockchain analytics firm, refuted claims of significant cryptocurrency funding to Hamas, following a wave of reports and a letter from US lawmakers to the White House. The firm highlighted the lack of substantial evidence supporting the alleged $130 million crypto funding between August 2021 and June 2023. Despite historical endeavors by Hamas to solicit crypto donations, recent analysis reveals that the amounts garnered remain minuscule compared to the figures cited in misinformed reports.
Microsoft Unveils Free Copilot AI App for Android, Featuring GPT-4 and Challenging Paid Alternatives
Microsoft's Copilot AI app for Android, incorporating GPT-4, challenges paid alternatives with advanced text and image capabilities, enhancing the Microsoft ecosystem and preparing for an iOS version.
Can US Lawmakers Really Just Mint Two $1 Trillion Coins to Back a Digital Dollar COVID Stimulus with "No Additional Debt"?
As the economy continues to deteriorate in the ongoing COVID-19 pandemic climate, US Lawmakers are once again pitching the creation of a sovereign digital dollar to quickly distribute the proposed stimulus packages. The bill further proposed the new minting of two trillion dollar coins.
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.
Crypto Liquidity Provider B2C2 Acquires Woorton, Strengthening European Crypto Presence
B2C2, a leading crypto liquidity provider, has acquired Woorton, a leading European entity in market-making and over-the-counter transactions for the digital asset sector. Woorton, majority-owned by SBI, has facilitated institutional access to cryptocurrencies and has a clientele of around 250. The acquisition aims to expand B2C2's client base in Europe and tap into client growth opportunities beyond the UK, Asia-Pacific, and USA.
Fidelity Report: Reflexivity and Investor Sentiment are Main Factors Influencing Bitcoin Price
Fidelity Digital Assets just released a report on Bitcoin's role as an alternative investment indicating almost no correlation with traditional markets. So what drives BTC's price?
Digital Asset Liquidity Provider OrBit Markets Wins Google Cloud Customer Award
OrBit Markets, a Singapore-based liquidity provider, has been awarded the 2023 Google Cloud Customer of the Year Award for its exceptional use of Google Cloud technologies for trading data processing.
OpenAI-Backed 1X's $100M Funding Paves Way for Home Robot Revolution
1X, a Norwegian AI startup, recently announced a substantial $100M Series B funding, significantly expanding its financial resources since the OpenAI-led $23.5M Series A. This infusion of capital is set to revolutionize home robotics with the introduction of NEO, 1X's new android designed for domestic tasks.
President Biden Assets: Debt Deal Will Not Shield Crypto Traders
In a significant announcement on the last day of the G7 summit, President Joe Biden took a firm stance against the protection of "wealthy tax cheats and crypto traders" while potentially jeopardizing food assistance programs.
Allied Market Research: Blockchain Identity Management Will be a $11.46 Billion Market by 2026
Allied Market Research, a US-based research and advisory company, has reported that the worldwide blockchain identity management sector will escalate to $11.46 billion by 2026 from $107 million recorded in 2018. This will represent a compound annual growth rate (CAGR) of 79.2% because blockchain is touted to offer an immutable, interoperable, and unified infrastructure needed in the storage of digital identities.
SSV Network Founder Drafted; Assurance of Continued Operations Given
The leadership of SSV Network, amidst a war crisis, shared personal experiences and reassured the community of ongoing operations. Founder Alon Muroch described the ground situation as a "massacre" after being drafted, while A. Matthias emphasized team unity and continued work towards delivering a robust Distributed Validator Technology (DVT) network. The scenario highlighted the resilience of decentralized blockchain networks in maintaining operational integrity under challenging circumstances.
California Governor Gavin Newsom Warns Bitcoin Scams are Targeting Public In COVID-19 Market
In his official address, Gavin Newsom California governor cautioned the public against individuals asking for advance payment in Bitcoin with the promise of delivering essential commodities.
Bitcoin and Cryptocurrency Websites Take a Hit as Security Giant Cloudflare Suffers Major Internet Outage
Website security company Cloudflare underwent connectivity problems on Sunday, taking down a dozen of cryptocurrency websites with it.
FTX Japan Launches Blockchain-based Proof of Solvency to Enhance Transparency and Security
FTX Japan has introduced a blockchain-based Proof of Solvency (PoS) to ensure the transparency and security of its customer's assets. The PoS, announced on September 28, 2023, by COO Seth Melamed, enables the objective verification of asset management, allowing customers easy access to verify their balances. The details of PoS will be published weekly on the Ethereum blockchain, marking a significant step towards enhancing trust and transparency in the cryptocurrency ecosystem.
EIDOS Token Airdrop Causes Congestion Problem in EOS Blockchain Network
Blockchain congestion is a serious issue in the cryptocurrency industry. Several networks suffer from this problem regularly.
CBDC for Stimulus Payments Advocates Honorary Christopher Giancarlo
During an open hearing by the House Committee On Financial services yesterday, the Honorable Christopher Giancarlo once again advocated for the use of a central bank digital currency (CBDC), effectively digital dollars, as a solution to directly distribute the COVID stimulus packages to citizens.
CoinFund: Worldcoin Could Onboard Billions of Users into the Crypto Economy
CoinFund backs Worldcoin's mission to prove digital human uniqueness, aiming to bring billions of users to the crypto economy via fair asset distribution.
Can We Expect a Bitcoin Bull Run Amid the Upcoming Bitcoin Halving and Coronavirus Pandemic?
The next Bitcoin halving is expected to take place in May 2020. Each time Bitcoin halving takes place, the number of Bitcoins entering circulation every 10 minutes, also known as block rewards will fall to half, to 6.25 from 12.5 in May. As the amount of supply, Bitcoins are decreasing, the demand most likely will stay the same, but possibly lead to an increase in Bitcoin’s price. Experts believe that there will be less Bitcoin available in the market if the miners will be selling less of the cryptocurrency.
Polygon Launches Web3 .polygon Domains with Unstoppable Domains
Polygon and Unstoppable Domains have partnered to offer the ability to create Web3 .polygon domain names, enabling users to log into Web3 applications, use human-readable wallet addresses, and create decentralized websites. The service will be available to an estimated 180 million users and 40,000 services across the Polygon blockchain ecosystem. Unstoppable Domains makes use of Polygon to mint decentralized domains with zero gas fees. Users will be able to use .polygon domains to create digital identities that are compatible across 750 applications, games and metaverse platforms, as well as to login to web apps, act as cryptocurrency wallet addresses, and create decentralized websites.
Oracle Confirms Partnership with TikTok, President Trump Still Needs to Approve Deal
Oracle, the tech company that was said to have acquired TikTok’s US operations, has finally commented on the partnership and confirmed it.
Indian State Plans to Combat Fake COVID-19 Vaccines with Blockchain
The administration of Telangana, a southern Indian state, intends to avert any attempt of hoarding or black-marketing of COVID-19 vaccines using blockchain technology.
SPACE ID and Polyhedra Unite for .zk Domain and ZK Interoperability
SPACE ID collaborates with Polyhedra Network, launching .zk domains and enhancing Web3 interoperability with ZK proofs and a community airdrop.
Short-Term Holders Dominate Primary Driver for Bitcoin's Liquidation amid Ukraine Crisis
Analysis by IntoTheBlock shows that short-term holders have been the primary catalysts of the present leg down as they continue liquidating their BTC investments.
Financial Services Company Plaid Integrates Crypto Exchange Data
Financial services API developer Plaid is adding account information on crypto assets from cryptocurrency exchanges.
When the COVID Pandemic Subsides, Will Bitcoin Still be Here?
The Covid-19 pandemic is causing havoc everywhere in the world. This is definitely true in the Bitcoin markets. Up until now, it was assumed that Bitcoin was a safe haven asset that would thrive in a global economic crisis.
PAID Network DeFi Platform Attacked as Hacker Gains $3 Million Of ETH After Minting $166 Million Of Tokens
PAID token crashed by over 75% instantly after the popular PAID Network DeFi protocol experienced a massive hack.
Fidelity Reiterates Bitcoin's Unique Value as a Primary Investment Choice
Fidelity Digital Assets revisits Bitcoin's unmatched value proposition in a recent study, emphasizing its secure, decentralized nature. Shared by MicroStrategy's Michael Saylor, the study advocates for Bitcoin's primary consideration by investors venturing into the digital asset sphere.
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.
Canadian Dollar Payments on Blockstream’s Liquid Network Boosting Bitcoin Adoption Powered by Bull Bitcoin
Montreal-based Bitcoin exchange Bull Bitcoin, released Liquid Canadian dollars (L-CAD) using Blockstream’s Liquid Network, taking the Bitcoin standard to Canada. Blockchain’s Liquid sidechain is used for settling Bitcoin transactions.
CME to Close Trading Floor on Friday as Coronavirus Prevention Measure
CME Group plans to close its trading floor in Chicago due to fears of further spreading the coronavirus, the influenza outbreak that has sent global stock markets falling.
Crypto Mining Pool Provider Poolin Suspends Withdrawals, Citing Liquidity Problems
Poolin assured its customers that funds are safe and promised to fix the issue amid a bearish market.
Ethereum Co-Founder Vitalik Discusses Worldcoin's Biometric Proof of Personhood
Ethereum's Vitalik Buterin explores Worldcoin's biometric proof-of-personhood, discussing its potential value, applications, and challenges such as privacy, accessibility, and centralization.
Worldcoin Project Launches: Aiming to Democratize Economic Opportunity in the Age of AI
Worldcoin Foundation launches project to democratize economic opportunity in the AI era. The protocol includes World ID, Worldcoin token (WLD), and World App.
This Week Unlocks: ApeCoin Surpasses $50M, Aptos Exceeds $20M; Moonbeam, Flow, and Lido in Queue
Six cryptocurrency projects, including ApeCoin (APE) and Aptos (APT), are set to release significant tokens this week. Moonbeam will release 9.7 million GLMR tokens, valued at $1.74 million, on September 11; Aptos will unlock 4.54 million APT tokens, valued at $23.85 million, on September 12. Lido will make available 1.5 million LDO tokens, Euler will release 150,000 EUL tokens, Flow will unlock 7.29 million FLOW tokens, and ApeCoin will unlock 40.6 million APE tokens, valued at $51.6 million.
British Standards Institution Pioneers International AI Safety Guidelines for Sustainable Future
BSI's release of the first international AI safety guideline, BS ISO/IEC 42001, marks a significant step in standardizing the safe and ethical use of AI, reflecting global demand for robust AI governance.
Former OpenSea Head of Product, Nathaniel Chastain, Sentenced in Pioneering NFT Insider Trading Case
Nathaniel Chastain, former OpenSea head of product, received a three-month term for digital asset insider trading. Chastain was found guilty of "fraud and money laundering" and earning over $50,000 via NFT transactions. Insider trading in crypto and digital assets is a developing problem, with fines of up to 20 years for each offence.
OpenAI's CEO Expresses Disappointment Over FTC's Leak, Affirms Confidence in Protecting User Privacy
OpenAI's CEO Sam Altman has publicly responded to the U.S. Federal Trade Commission's (FTC) investigation into the company's AI chatbot, ChatGPT. The FTC's probe was examining whether OpenAI has breached consumer protection laws, potentially putting users' personal data and reputations at risk.
Uniswap Expands Mobile Footprint with Android Wallet Launch
Uniswap has launched a beta version of its mobile wallet for Android on October 12, following the successful iOS app release in April. The Android wallet facilitates easier swaps on various chains without manual network switching, offers robust swap protection against frontrunning, and ensures a transparent fee structure for its users. The launch, part of a broader trend among decentralized exchanges, signifies the growing emphasis on mobile platforms in DeFi.
Japan's JCBA Submits Initial Proposal for IEO Regulatory Reform to JVCEA
JCBA submits an initial proposal for IEO regulatory reform to JVCEA, outlining four key agendas aimed at stabilizing the IEO market and enhancing user protection. The reform aims to make domestic IEOs more attractive than foreign exchanges.
Cryptopia Users Win New Zealand Ruling Over Locked Cryptocurrency as High Court Declares them "Property"
Clients of Cryptopia exchange will finally get their funds back after a New Zealand high court classifies the rules that they are entitled to their funds.
Tech Mahindra Leverages IBM Blockchain For New Entertainment Royalties Platform
Indian multinational tech company, Tech Mahindra has announced the launch of a blockchain-based platform aimed at preserving the rights of video content generated by content creators and producers.
Celsius Unloads Over $125M in Ethereum, Stirs Crypto Market Speculation
Celsius Network's transfer of over $125M in Ethereum to exchanges amid bankruptcy stirs speculation in the crypto market.
Bitcoin Price Sinks Below Critical Level as Joe Biden Officially Inaugurated as 46th US President, What's Next for BTC?
Bitcoin has been losing steam and struggling to clear the $35,000 level, for a second straight day.
Microsoft’s Crypto Patent Fuels Another Right Wing Satanic Conspiracy By Ex-CIA Agent
Ex-CIA agent Kevin Shipp has dragged Microsoft's crypto-mining patent right back into the center of another right-wing conspiracy.
AI Image Editing: The Rise of Unified Concept Editing in Diffusion Models
Exploring the groundbreaking advancements in AI with Unified Concept Editing in diffusion models, offering enhanced precision and control in image editing.
Exploring the 2023 Surge in AI Market and Nvidia's Role Amidst Technological Challenges
Nvidia's NeMo Guardrails, an AI safety tool, aims to improve conversation accuracy with large-language models, despite challenges like model drift and hallucinations in 2023.
FTX's Restructuring Plan: Aiming for Full Customer Repayment Without Relaunching Exchange
FTX aims to fully reimburse its customers and creditors as part of its restructuring plan. This approach, focusing on repayment without relaunching the exchange, is based on valuations of assets as of November 2022, drawing mixed reactions from the crypto community.
Fidelity: 60% of Institutional Investors Believe that Digital Assets Have a Place in their Portfolio
Fidelity Digital Assets surveyed 774 institutional investors across the United States and Europe, and 80 percent of those who were surveyed found something appealing about digital assets. The research was conducted from November 2019 to early March 2020 and is the second consecutive year that Fidelity Digital Assets has conducted this survey for US institutional investors and the first for European investors.
ChatQA: A Leap in Conversational QA Performance
The study "ChatQA: Building GPT-4 Level Conversational QA Models" by Zihan Liu, Wei Ping, Rajarshi Roy, Peng Xu, Mohammad Shoeybi, and Bryan Catanzaro from NVIDIA focuses on the development of a new family of conversational question-answering models, including Llama2-7B, Llama2-13B, Llama2-70B, and an in-house 8B pretrained GPT model, which improves 'unanswerable' questions.
President Trump Ends COVID-19 Stimulus Negotiations, Bitcoin Price Plummets
Trump has decided to delay negotiations regarding a second coronavirus stimulus package until after the presidential elections, sending Bitcoin's price down.
Binance.US Opens Crypto Assets Marketplace to Millions of Florida Cryptocurrency Traders
Binance.US will now open its digital assets marketplace to Florida citizens and cryptocurrency traders.
Sony Files Patent for NFT Transfer Between Game Platforms
Sony Interactive Entertainment has filed a patent for a framework allowing users to transfer and use NFTs across multiple game platforms.
STEPN Integrates Apple Music into Web3 App
Apple and STEPN have collaborated to integrate Apple Music into the STEPN app, marking a second milestone following the Apple Pay integration. This move signifies the growing acceptance of Web3 apps and a step towards bridging the Web2 and Web3 divide, enhancing user experience, and signaling future collaborations between traditional and decentralized tech platforms.
Senator Elizabeth Warren Leads Inquiry Into Fidelity's Bitcoin-Backed Retirement 401(k) Account
In the wake of the launch of a Bitcoin-focused 401(k) account in the United States by Fidelity Investments, two Senators have expressed concerns over the company’s latest products.
How Blockchain Can Help with Vaccine Development Amid Coronavirus Pandemic
The need of the hour to combat the pandemic is a potent vaccine which needs to be available in a short span of time, yet developed by following rigorous regulatory procedures and in a trustworthy manner. How can technologies like Blockchain help in such an accelerated vaccine development process?
Visa Reports Record-Breaking Cryptocurrency Thefts in 2022
Visa's biannual threat report reveals that over $3 billion was stolen in cryptocurrency thefts in 2022, with token bridges being a common target. The report also details a phishing campaign targeting crypto exchanges.
Italian Town Spearheads Blockchain-Propelled Waste Management
Miglianico, an Italian town in the Abruzzo region, is famous for its wine production based on its expansive vineyards. The city is planning to establish a new blockchain breakthrough by being the first town in the country to incorporate distributed digital ledger technology for its waste management solutions.
FTX's $477 Million Heist: A Trail of Blockchain Clues Unearthed
The FTX hack in November 2022 saw $477 million vanish, with the elusive thief later laundering assets through decentralized exchanges and cross-chain bridges like RenBridge and THORSwap. As the trial of FTX's CEO Sam Bankman-Fried commences, the thief, still unidentified, resumed moving the stolen assets, converting Ether to Bitcoin. Blockchain analytics firm Elliptic sheds light on this crypto mystery, unraveling the blockchain trail and revealing the thief's laundering tactics.
Microsoft Bitcoin-Based Identity Tool Launches Beta Version
Microsoft’s decentralized identity (DID) tool, ION which is based on the Bitcoin blockchain, launched a beta version on bitcoin's mainnet on Wednesday.
Hong Kong to Release Cryptocurrency Exchange Licensing Guidelines
The Hong Kong Securities Futures Commission (SFC) plans to release guidelines for cryptocurrency exchange licensing next month, in support of trading services to retail investors by June 1. AML/KYC regulatory requirements were key considerations in the consultation process. Some trading platforms have already received licenses, while others have chosen to cease operations.
Omicron Soares to an ATH, amid the Covid-19 Pandemic Variant Outbreak
The price of one tiny cryptocurrency, coincidently named Omicron (OMIC) after the fast-spreading Covid-19 variant, has soared to an all-time high.
Coinbase Bolsters Advisory Board with Security Experts
Coinbase has enlisted four national security experts to its Global Advisory Council, including former U.S. Secretary of Defense Mark Esper, former U.S. Representative Stephanie Murphy, Counterterrorism Advisor Frances Townsend, and strategist David Urban.
Tritum Raises $1.1m Funding Round to Accelerate Institutional Digital Assets Adoption
Tritum disclosed the new funds would be used to continue accelerating the expansion of the throughput and size of each of its existing operating businesses.
Yann LeCun Discusses AI Progress and Quantum Computing at FAIR's 10th Anniversary
Yann LeCun of Meta AI discussed the future of AI, highlighting Nvidia's hardware dominance, skepticism about human-level AI and quantum computing, and Meta's focus on multimodal AI systems.
Gemini Co-Founder Winklevoss Thinks BTC Is Set For Its Next Bull Run, With the Fed's Money Printing
Co-founder and CEO of Gemini crypto exchange Tyler Winklevoss thinks that the US Federal Reserve’s economic stimulus strategy would positively impact Bitcoin and its pricing on the crypto market.
French Football Star Mbappe Seeks out Crypto Scammers Trying to Score off The PSG Striker's Reputation
Kylian Mbappe PSG star launches lawsuit over Bitcoin scammers who are allegedly using his name and image to convince investors to buy-in.
Ethereum Devnet 10 Testing Paves Way Towards Mainnet
Recent devnet 10 testing on Ethereum revealed a stable network under normal conditions, although some bugs were identified. Stress-testing exhibited increased CPU and RAM usage on some clients. The conversation around forking timelines for testnets and transitioning to mainnet was initiated, with more discussions to follow in the upcoming ACDC meeting on November 9.
Kraken Hires Gemini Executive Blair Halliday As UK’s Managing Director
Halliday comes with solid experience that will help empower digital transformation at Kraken.
DLive Introduces Decentralized Video Streaming to Increase Customer Base By Over 50 Million Monthly Users
DLive has partnered with Theta Network to offer decentralized video streaming to users.
Lido's Faulty Contract Locks $24 Million in Solana stSOL Tokens
A smart contract error has locked $24 million worth of tokenized staked Solana (stSOL) on Lido, following its service discontinuation in October 2023.
Bitcoin Plunges Despite Tesla's Bitcoin Announcement and Reports of Fidelity's ETF Filing
Bitcoin is down despite Fidelity's ETF filing and Tesla's announcement that the company will welcome Bitcoin payments.
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.
Circle Plans to Cover USDC Shortfall After SVB Shutdown
Circle, the issuer of the stablecoin USD Coin (USDC), has announced that it will use corporate resources to cover the shortfall on its reserves after Silicon Valley Bank (SVB) was shut down by the California Department of Financial Protection and Innovation. USDC liquidity operations will resume as normal when banks open on Monday, enabling redemption at 1:1 with the US dollar. The stablecoin lost its $1 peg on March 11, trading as low as $0.87, due to the disclosure of $3.3 billion of Circle's reserve held at SVB.
Midjourney V6 Alpha Unveils Major Enhancements: A Leap in AI-Driven Image Generation
Midjourney's V6 alpha update, a significant advancement in AI-driven image generation, offers enhanced prompt interpretation, smarter generation, remixing, improved upscaling, and additional image manipulation options. Despite mixed user reactions, the update's detailed, realistic outputs have garnered praise.
FTX's Fall Might Hurt CEO's Crypto Regulation Lobby
The mid-term election in the US is playing a role in influencing and reshaping the regulatory landscape of the crypto industry amid the turmoil brought about by the collapse of the crypto exchange FTX.
Mastering Aspect Ratios in Midjourney: A Comprehensive Guide to Enhancing Image Composition and Aesthetics
Midjourney, an AI image generation tool, uses the aspect ratio parameter to control the width-to-height ratio of generated images. This ratio determines the image's shape and composition, impacting its aesthetic appeal and perceived size, affecting its overall presentation.
Buying Land in Metaverse is "Dumbest Sh*t Ever", Says Billionaire Mark Cuban
Mark Cuban may be a crypto fan and Bored Ape Yacht Club (BAYC) owner, but he sure is a big critic of metaverse land sales that is making the rounds today.
Bitcoin Price and Altcoins Spike On News of President Trump’s Recovery Against COVID-19
Bitcoin and altcoins have enjoyed a brief price surge on the back of news that President Trump could be discharged from hospital after his bout with COVID-19.
Bancor 3 Integrates Over 100 Tokens to Enhance DeFi Liquidity
Bancor 3, a DeFi liquidity solution by decentralized trading protocol Bancor, has incorporated more than 100 tokens, such as USD Coin (USDC), Polygon (MATIC), and Enjin (ENJ), for more sustainable and safer DeFi yields through community sourcing.
NVIDIA and NSF Launch Groundbreaking NAIRR AI Research Initiative
NVIDIA and the NSF partner to launch the NAIRR pilot, a major initiative to advance AI research in the U.S. by providing resources and promoting responsible AI innovation, strengthening America's global AI competitiveness.
LidoDAO is considering selling or staking its $30 million
LidoDAO, the decentralized autonomous organization behind Lido, is considering staking or selling its $30 million ETH treasury to meet unexpected market swings.
Tiger King's Carole Baskins Calls Bitcoin "the Future" in BTC Birthday Video
Bitcoin whitepaper turns twelve tomorrow, nine celebrities including the Tiger King documentary’s infamous antagonist Carole Baskins have wished BTC many happy returns.
Yuga Labs Raises $450m to Build Media Empire Around NFTs: Report
Yuga Labs, the blockchain startup behind the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) project has raised the sum of $450 million in funding from investors led by Andreessen Horowitz (a16z).
New York-Based Power Plant Greenidge Generation Mines $50,000 Worth of Bitcoin on a Daily Basis
Greenidge’s 65,000-square-foot facility was initially built in 1937 as a coal plant before eventually being closed down in 2011. The plant remained dormant for five years before Atlas Holdings, Connecticut-based private equity company, converted it into a natural gas plant in 2016 to generate clean energy. Because of the high power that crypto mining machines use in their operations, countries have initiated stricter measures to discourage miners from conducting their mining activities. Some of these measures involve increased electricity fees, which have compelled most miners to move to other cities with favorable electricity billing.
Microsoft Signs Multi-Billion Dollar Deal with Nvidia-Backed CoreWeave, Former Ethereum Miner, for AI Computing
According to CNBC, Microsoft is set to expand its footprint in the artificial intelligence (AI) sector with a multi-billion dollar deal with CoreWeave, a cloud computing startup once known for its Ethereum mining operations.
Crypto Market Expanding in the Middle East, Says HashCash CEO
A paradigm shift is being witnessed in Middle East nations, especially the United Arab Emirates (UAE), because the region’s interests are changing from oil to crypto and metaverse.
Fidelity Study Shows 70% Institutional Investors Eyeing for the Crypto Market
Despite institutional investment in the crypto market evaporating, a study conducted by Fidelity shows that 7 in 10 institutional investors are eyeing the crypto sector in the future, most of them intend to purchase digital assets.
Bitcoin’s Outflow from Exchanges still Heavy Despite Looming Correction, says Crypto Trader
Veteran market and crypto trader Michael van de Poppe has noted that despite the current price correction, Bitcoin outflows from exchanges are still sizable.
Fidelity Investments Unveils Plans to Expand Business by Hiring Crypto Savvy Staff
Fidelity Digital Assets, the cryptocurrency arm of Fidelity Investments, is set to onboard additional hands as it prepares for the growing demand in the digital assets ecosystem.
Fidelity Offers Bitcoin Portfolio Options to Retirement Investment via MicroStrategy
America’s largest retirement savings plans 401(k) provider, Fidelity Investments, is set to permit the allocation of some of its client's funds into Bitcoin, a move it said was based on popular demand.
IOTA Launches Chrysalis Phase 1, One Step Closer to an Enterprise-Ready Blockchain
Chrysalis, also known as IOTA 1.5 is designed as an intermediate phase before its transition to IOTA 2.0, Coordicide.
Involved in Cryptocurrency and Cash Corruption, Regional Military Recruitment Heads Were Dismissed by Ukrainian President
Ukrainian President dismissed regional military recruitment heads for corruption involving cryptocurrency and cash. Law enforcement opened 112 cases.
Jelurida and Aumenta Solutions Develop Blockchain-based Maintenance System for Ports
Blockchain solutions provider Jelurida has partnered with AR firm Aumenta Solutions to create a blockchain-based maintenance system for ports, aimed at increasing the traceability of maintenance operations. The system combines blockchain certification and AR, allowing workers to access real-time digital information. Jelurida and Aumenta Solutions are targeting the global port infrastructure market with the technology.
Baidu Trends: Bitcoin Searches Skyrocket Amid Social Distancing and Working From Home Approaches
According to Baidu, a Chinese multinational technology company offering internet-related services, Bitcoin searches have shot up by 183% in the last one month. This trend can be linked to the fact that many countries have asked their citizens to adhere to precautionary approaches, such as self-quarantining, social distancing, working from home, necessitated when tackling coronavirus.
Italian Bank Offers Crypto Trading to Over A Million Customers Amid Coronavirus Pandemic
Due to the coronavirus outbreak and the lockdown situation in Italy, an Italian Bank, Banca Sella has launched Bitcoin trading services for its 1.2 million customers of Hype mobile banking platform.
Binance Debunks Claims Exchange Aided Money Laundering
Crypto exchange Binance denied all allegations of facilitating around $2.4 billion in illicit funds from world-acclaimed criminal organizations like Lazarus Group and Hydra.
Crypto Group ConstitutionDAO Plans to Refund Money and Shutdown, after Losing Auction
After failing to outbid billionaire Ken Griffin in auction for a copy of the US Constitution, the decentralized autonomous organisation ConstitutionDAO is planning to shut down after refunding the money it raised.
Crypto Social Activities Hit ATH with Over 6.9 Billion Engagements amid FTX Crisis
The unfolding FTX saga has made social engagement, social mentions, and social contributions reach historic highs in the crypto market, according to social intelligence company LunarCrush.
Vitalik Buterin Analyzes Ethereum's Layer 2 Solutions
On October 31, 2023, Vitalik Buterin discussed Ethereum Layer 2 ecosystem, highlighting trade-offs between Rollups, Validiums, and Disconnected Systems, securing and scalability, pre-confirmations, trustless Ethereum interactions, and potential chain transformation into Validium.
Polygon MATIC Launches Solution Provider Network (SPN) for Seamless Developer Collaboration
Polygon has launched the Solution Provider Network (SPN) to facilitate real-time connections between developers and essential infrastructure like oracles, bridges, RPC providers, and wallets, enhancing visibility and credibility within the Polygon ecosystem.
Shiba Inu Unveils ShibariumSSI: A Revolutionary Step Towards Self-Sovereign Digital Identity
Shiba Inu launches ShibariumSSI, a platform for Self-Sovereign Identity (SSI), emphasizing user control over digital data with features like self-custody and zero-knowledge compliance.
SkyBridge Capital's Crypto Pivot Looks to Triple its Assets
Hedge fund SkyBridge founder Anthony Scaramucci said he plans to shift the pace of SkyBridge Capital's investment to virtual digital assets.
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
What Can We Learn From Coinbase CEO Brian Armstrong's Coronavirus Outbreak Contingency Plan for Employees?
US health officials from the Centers for Disease Control and Prevention stated that the coronavirus “is not recognized to be spreading in US communities.”
FTX Seeks to Liquidate $1.4 Billion Anthropic Stake Amid Bankruptcy Proceedings
FTX seeks court approval to divest its $18 billion stake in Anthropic, part of its post-collapse asset liquidation strategy, to repay customers and fulfill stakeholder commitments.
Google Metadata Implicates SBF in Fraudulent Activities During Trial
The trial on Nov 1, 2023, revealed Google metadata evidence against SBF, revealing his creation of a spreadsheet listing fraudulent financial activities. This evidence, along with testimonies and online meetings, contradicted SBF's claims of ignorance.
Nations Around the World Urged to Learn From China in Fighting Coronavirus Using Blockchain
Different stakeholders are urging other nations to embrace China’s effective model in fighting this pandemic by deploying blockchain technology.
Qualcomm CEO: Generative AI Will Redefine the Smartphone Industry in 2024
2024 is set to be a transformative year for AI in smartphones, with advancements in hybrid AI models and new features reshaping user experiences and industry dynamics.
China’s President Xi Jinping Killed Ant Group’s $37 Billion IPO After Jack Ma Criticism
President Xi Jinping made the decision to stop the world’s largest-ever IPO after Ant Group’s Jack Ma spoke out against China's financial regulation and banking system.
ConsenSys Reveals How the Ethereum Network Weathered the COVID-19 Pandemic Market's Flash Crash on Black Thursday
While much debate has raged about the state and action of crypto’s main player Bitcoin, new insights generated using ConsenSys’ analytics suite, Alethio have revealed how Ethereum has endured the evaporation of liquidity in the global markets.
Bitcoin Liquidity Drops Despite Price Surge
Despite a 45% price gain, Bitcoin's liquidity has dropped to a 10-month low due to the ongoing financial crisis and regulatory actions against crypto companies. The collapse of crypto-friendly banks has led to a liquidity crisis, causing increased price volatility and higher fees for traders.
Solana (SOL) Validators Approve "Timely Vote Credits" Proposal to Accelerate Blockchain Transactions
Solana validators have approved a proposal called "Timely Vote Credits" to reduce consensus vote latency and incentivize timely votes, potentially speeding up blockchain transactions, before implementing the mechanism.
Twitter CEO Jack Dorsey Apologizes for Bitcoin Hack, But Not Before Dutch Politician Was Compromised
Twitter CEO Jack Dorsey came forward on Thursday to apologize thoroughly for his social network company’s failure to prohibit and shut down Bitcoin scam artists' digital heist of important verified accounts, that ranged from that of tech moguls Elon Musk and Bill Gates to political figure Joe Biden.
Baidu's Enterprise Blockchain Network Initiates Service for Developers and SMEs to Build Dapps
Enhancing China's initiative to adopt blockchain countrywide, internet giant Baidu will be launching a new blockchain-based service, through Xuperchain, for SME's and developers to use in the creation of decentralized applications.
NVIDIA Doubles Down Investing in Metaverse by Launching New Developer Tools
American technology giant NVIDIA is doubling down on its bet on the metaverse and is empowering creators with the launch of a new set of advanced tools.
Smart Contract 101: What is Remix?
Solidity 101 Tools for Smart Contracts is a series of tutorials for beginners to learn the easiest way to build smart contracts. In this lesson we will use the online tool - Remix.
Ripple Outpaced Other Blockchain Companies on Inc's List of Fastest-Growing US Companies
Ripple has outpaced other indigenous blockchain companies on a recently published list of 5000 fastest-growing private companies in the United States.
Microsoft, Eidos, and Fable Plan Blockchain Revival of 'Way of the Tiger'
Microsoft is teaming up with major game developers Eidos and Fable to revive the popular 1980s card game, 'Way of the Tiger' using blockchain technology.
NVIDIA Launches the GeForce RTX 4090 D targeting China
NVIDIA's GeForce RTX 4090 D, launched for the Chinese market, combines advanced performance with U.S. export control compliance, marking a strategic global tech distribution move.
Tencent Cloud Tech to Support Blockchain Digital Records for Travel Amid COVID-19
Tencent Holdings has joined hands with blockchain firm ShareRing to deploy a blockchain-powered digital document and identity management solution.
AmeriCoin - The Pathway to Monetary Freedom, Tokenization and the American Dream?
Is cryptocurrency the tool to achieve the “American Dream”? Adam Kokesh, the leading libertarian candidate of the 2020 U.S. presidential race has revealed the plan to develop AmeriCoin cryptocurrency. The development of AmeriCoin will be led by Alastair Caithness, the Chief Blockchain Policy Advisor appointed by Kokesh.
David Rubenstein Says Cryptocurrencies Are Here to Stay Despite Price Crash
David Rubenstein remained bullish on cryptocurrencies, stating that the burgeoning asset class is not going away any time soon. Rubenstein said that there is an appetite for cryptocurrencies, thus serving as an alternative to the current traditional financial system.
Australian Taxation Office Clarifies CGT on DeFi and Crypto Wrapping
The Australian Taxation Office has issued guidelines on the capital gains tax implications for decentralized finance activities and crypto token wrapping, following a recent security breach.
Fidelity Launches Two ETFs Tracking Metaverse and Crypto Sectors
The new ETF offerings enable Fidelity investors to participate in the emerging digital assets ecosystem through exposure to related equity securities.
Treasury Secretary Yellen Highlights Economic Recovery and Addresses Financial Risks
Treasury Secretary Janet Yellen highlighted Biden Administration's economic achievements and ongoing financial stability efforts, focusing on banking, climate change, cybersecurity, AI, and digital assets in a testimony to the House Committee on Financial Services.
Liquid Staking Protocol Lido Activates "Staking Rate Limit" After Record Inflows
Lido Finance, a liquid staking protocol for Ethereum, activated a "staking rate limit" after more than 150,000 ETH was staked in a single day. The mechanism aims to address any negative effects of high inflows, limiting the amount of staked Ether that can be minted within a 24-hour timeframe.
South Africa's Monetary Authority Ask Banks to Work with Crypto Exchanges
South Africa’s Central Bank has released new guidelines stating that banks in the country may act as a channel for funds tied to crypto asset service providers.
ASX Delays Blockchain-Based CHESS Replacement to April 2023
The Australian Securities Exchange has delayed the blockchain replacement for its CHESS settlement system for financial products, until April 2023.
Nvidia Agrees to Pay $5.5 Million to SEC Fine for Failure to Crypto Mining Disclosures
The SEC said it found that Nvidia misled investors in 2017 and 2018 on how cryptocurrency contributed to the profits in its gaming business.
Could Brock Pierce's Presidential Campaign Damage the Crypto Industry? Tether's Legal Troubles Resume
Brock Pierce’s run for President of the United States may have come at the wrong time, as the New York Supreme Court today ruled that Bitfinex and Tether must face up to allegations that they concealed the loss of commingled corporate and client funds amounting to over $850 million.
PancakeSwap Launches V3 with Lower Fees and Enhanced Capital Efficiency
PancakeSwap has launched version 3 of its automated market maker platform, featuring lower fees and enhanced capital efficiency. Liquidity providers can now select custom price ranges, allowing specific control over capital investments, and the release also includes four new trading fee tiers. The platform serves over 1.5 million unique users and has more upcoming features in development.
Brock Pierce Served for Securities Fraud in Connection with His Blockchain Company Block.one During Electoral Campaign
Presidential hopeful Brock Pierce was served a court summons during his electoral rally at his new headquarters in New York City today.
Spanish Researchers Deploy AI and Blockchain-Powered App to Tame COVID-19
At least 100 Spanish researchers from the University of Salamanca, the Artificial Intelligent Research Institute, and the Institute of Biomedical Research of Salamanca have joined hands to design an AI and blockchain-based app to picture the evolution of the coronavirus (COVID-19) pandemic. Their objective is flattening this pandemic’s curve as it has wreaked havoc across the globe.
Ethereum co-founder Vitalik Buterin Proposes Signature Reduction
Ethereum co-founder Vitalik Buterin proposes reducing the number of signatures for validators in the PoS system to simplify the system, address technical issues, and enhance network security.
Bitwise Recruits BNY Mellon as Transfer Agent for Proposed Bitcoin ETF
On Wednesday, Bitwise amended its Bitcoin ETF S-1 form listing BNY Mellon as the administrator, transfer agent and ETF custodian. The amendment also listed Foreside Fund services as the marketing agent and Cohen & Co…. Read More
G7 Will Meet to Discuss CBDC and Digital Tax this Week Says Japan’s Finance Minister
The Group of Seven (G7) will meet on Feb.12 to discuss central bank digital currencies (CBDC), digital taxation and global debt according to Japan’s Finance Minister Taro Aso.
South Korean Police Raid Bithumb Crypto Exchange Headquarters On Fraud Allegations
South Korean Police have raided the headquarters of Bithumb cryptocurrency exchange as part of an investigation into fraud.
Ethereum Beacon Chain Sees Over $2 Billion Worth of ETH Withdrawn in Four Days
Over 1 million ETH, worth $2.1 billion, has been withdrawn from Ethereum's Beacon Chain within the first four days of the Shapella hard fork, with nearly 87% of active validators now able to withdraw their staked Ether. Despite initial community uncertainty about the impact of Shapella on ETH's price, the first four days have resulted in close to a 10% rise, with much of the withdrawn stake being reinvested in the Beacon Chain for interest compounding purposes.
Imperial College London Partners with FluidAI to Address Digital Asset Market Inefficiencies
Imperial College London, a top-ranking UK university, has announced a strategic partnership with the fintech startup FluidAI on August 21. The collaboration aims to address and rectify inefficiencies in the digital asset market using advanced artificial intelligence (AI) technologies.
US Congressmen Urge Trump to Implement Blockchain Technology for COVID-19 Relief
Nine members of the US Congress advocated for the benefits of leveraging blockchain technology to counter the crisis brought upon by COVID-19.
World Sustainability Organization Adopts Blockchain-Based Virtual Audits to Curb COVID-19 Spread
With coronavirus (COVID-19) prevention measures necessitating self-isolation and social distancing, Friend of the Sea (FOS), a World Sustainability Organization’s project for seafood certification, has embraced blockchain-enabled virtual audits to mitigate the expansion of this pandemic. As a result, FOS has eradicated onsite scrutinies because safety is of the essence during these trying times.
Ex-Coinbase Staff Sued in Insider Trading Case
32-year-old Ishan Wahi, the former Product Manager at Coinbase Global Inc, has been charged in a district court in Washington for orchestrating an insider trading fraud.
Crypto & the FATF Travel Rule: FinCEN Suggests Challenges in Governance, Not Technology
The Financial Action Task Force (FATF) Travel Rule has been in the center of attention lately, which concerns crypto transactions above a certain amount must be accompanied by identifying information.The rule is an update to the existing FATF Recommendation 16, regarding cross-border and domestic wire transfers, and is intended to address the anti-money laundering (AML) and counter-terrorist financing (CFT) challenges as crypto adoption increases. The FATF Travel Rule could mean implications for virtual asset service providers (VASPs), including cryptocurrency exchanges, wallet providers, and custodians.
Bitcoin Price Bull Run Will Hit All Time High in 2020, Predicts Billionaire Bitcoin Investor
The Bitcoin price is heading to $20,000 by the end of 2020 according to billionaire cryptocurrency investor Michael Novagratz, CEO, of Galaxy Digital.
Why Bitcoin Should Make Up 5% of Your Investment Portfolio, According to Fidelity
Fidelity Digital Assets makes the case for why Bitcoin should make up 5% of a given multi-asset investment portfolio.
Institutional Investors Seek Tokenization Solutions
Institutional investors are seeking solutions for easy implementation of tokenization to improve liquidity for global assets expected to reach $145.4 trillion by 2025. Polygon has been working with global players such as Hamilton Lane, which has already tokenized part of its $824 billion assets under management, and JPMorgan, which executed its first cross-border DeFi transaction on the Polygon network.
Blockchain Investments Declined 63% Due to COVID-19, Says New KPMG Report
Auditing firm KPMG has recently published its 2020 Global Emerging Technology Survey Report that identified a decline in investments into blockchain technology because of the coronavirus pandemic. However, the study predicts that the sector would be one of the industries, which would probably obtain the highest amount of investment in the next 12 months.
Norwegian Police Arrest Millionaire For Wife's Murder After Two-Year Goose Chase for Kidnappers Demanding $10M Monero Ransom
In October 2018, a Norwegian millionaire named Tom Hagen reported that his wife had been kidnapped and presented a ransom note to police that demanded $10 million worth of the privacy-centric cryptocurrency Monero.
Florida Warns Residents About the Rise of Auto Warranty Scammers Asking Crypto Payments
Consumers lose billions worth of US dollars to fraudulent calls every year, and auto-warranty calls are the biggest source of grief. Florida government warns consumers about scam "auto warranty" robocalls.
Binance Completes Woo Network's Series A+ Round with $12M Investment
The latest funding announcement comes from Binance Labs, the VC arm of Binance cryptocurrency exchange, which said it backed Woo Network with $12 million in its Series A+ round.
Bulgarian Authorities Accuse Four Persons After Nexo Office Raid
The Sofia Nexo raid resulted in four charges. Nexo lets investors borrow and stake crypto. The UK, Bulgaria, and Switzerland-based corporation does not serve Bulgarians. Nexo announced its US service phaseout in December.
Genesis Global Capital Moves to Liquidate $1.6 Billion in Grayscale Trusts Amid Bankruptcy
Genesis Global Capital has petitioned the U.S. Bankruptcy Court to sell off its Grayscale Bitcoin, Ethereum, and Ethereum Classic Trust holdings, totaling approximately $1.6 billion. This strategic liquidation aims to maximize creditor repayments amidst potential market volatility, following a recent SEC settlement.
ESMA Launches Key Consultations on Crypto-Asset Regulations under MiCA
ESMA conducts consultations on reverse solicitation exemptions and classifying crypto-assets as financial instruments, aiming to harmonize EU regulations with MiFID II.
EDX Markets Debuts Cryptocurrency Trading Platform and Wraps Up Latest Investment Round
In a key milestone, EDX Markets has successfully kick-started its cryptocurrency trading operations and completed a fresh funding round
Fake Video of ECB President Lagarde Admitting to Digital Euro Control
A fake video of ECB President Christine Lagarde admitting to the use of a digital euro for limited control of payments was shared on social media. The video was revealed to be a prank and was part of a series of similar hoaxes targeting public figures.
Meta's Strategic AI Expansion with Nvidia GPUs and New Llama Model
Meta plans to invest 350,000 H100 GPUs by 2024, enhancing its AI infrastructure, training the Llama 3 model, and restructuring its organization to drive AI-driven innovation.
Will Bitcoin Survive? IMF Predicts Worst Economy Since "Great Depression" in Aftermath of COVID-19 Global Lockdown
The International Monetary Fund (IMF) has released its quarterly World Economic Outlook for 2020 which paints a bleak picture on how the disruptive economic effects of the COVID-19 virus global quarantine measures, dubbed the ‘Great Lockdown’, will continue to cripple the markets long after the pandemic ends.
Algorand's Blockchain Based COVID-19 Global Survey Shares Real-Time Public Pandemic Data
Algorand, the first pure proof-of-stake (POS) blockchain created by cryptography pioneer and Turing award winner Silvio Micali, has launched a global Coronavirus (Covid-19) survey. The company published a blog post on March 27 announcing its ‘IReportCovid’ survey app. The aim of the survey is to compile a public database to share information on the spread, status, and symptoms of the COVID-19 pandemic and give updates in “real-time.”
Toyota Reveals Blockchain Lab to the Public After Almost a Year of Development
Japanese automotive company Toyota Motor Corporation, in collaboration with Toyota Financial Services Corporation announced its Blockchain Lab involving six Toyota Group companies. The Lab plans to focus on exploring the future of the automotive industry, and said it aims to become a “Mobility Company.”
MAP Spikes Following MAP Protocol Joins NVIDIA for AI-Driven Bitcoin L2 Interoperability
MAP Protocol has partnered with NVIDIA to enhance Bitcoin L2 interoperability using AI, marking a significant milestone in blockchain tech integration.
Calibra Head David Marcus Declares Libra as the Most Secure Payment Network
David Marcus, Head of Calibra, the digital wallet for Facebook’s Libra stablecoin explained at Money 20/20 conference in Las Vegas about how the network aims to transform the traditional payments industry.
Fidelity to Offer Crypto Trading to Retail Customers
The potential launch would come after Fidelity enabled its corporate clients in April to add the world's largest cryptocurrency to their managed 401(k) retirement plans.
Nvidia's Soaring Data Center Revenue Signals Strong AI and GPU Market Position
Nvidia's Q3 fiscal 2024 results show a 279% increase in data center revenue and a 206% overall revenue increase to $18.12 billion, highlighting its success in AI and GPU markets. Analysts predict further growth in 2024.
IBM and R3 to Scale Up Hybrid Cloud with Blockchain Capabilities
Tech giant IBM has teamed up with R3, an enterprise software company, to boost the hybrid cloud with blockchain capabilities.
Losing Access to your Crypto Wallet: Dangers and How to Not Lose your Funds?
Dmytro Volkov is the CTO at CEX.IO. He optimized the technology and processes at the exchange, as well as the trading and analytics systems and integrations with external systems. Created the CEX.IO Broker platform to trade derivatives. Also, he has over 15 years’ work experience in IT, including over 10 years in the financial market, and is an author of trainings on financial and tech topics.
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.
Aave Announces the Launch of Its V2 Liquidity Mining Program
Aave announced the launch of the V2 liquidity mining (LM) program, which will operate for three months for analysis and end on July 15.
Declining trend in physical crypto ATMs
The number of physical cryptocurrency ATMs is declining, with 3,627 removed in March 2023, according to Coin ATM Radar. The trend of increasing installations is reversing, with the highest number of machines installed in a single month being 2,048 in January 2021. The three-month-long downtrend was broken in April with 37 installations. General Bytes, BitAccess, and Genesis Coin are the current market leaders in manufacturing crypto ATMs. General Bytes faced a security incident in March and promised to reimburse customer losses.
TrustSwap's SmartLocks Service Locked Up Four Times More than Bitcoin LN
TrustSwap, a DeFi platform dedicated to enabling the execution of timed token purchases, recently announced that its SmartLocks service has officially locked over four times more value than the Bitcoin Lightning Network. While this is a major achievement on its own, it is only one of TrustSwap's many different services and it shows the potential that the project has to dominate the DeFi sector.
Ideogram AI Secures $16.5 Million in Seed Financing Led by a16z and Index Ventures
Ideogram AI, an AI company, aims to use generative AI to enhance human creativity. The company has raised $16.5 million in seed financing, with participation from venture capital firms and industry experts. Ideogram AI is seeking talent in engineering, research, design, and operation, based in Toronto.
Veratad Technologies Pairs with Blockchain-ID Ltd to Developing Authentication Tool on Algorand
Authentication solutions provider Veratad Technologies has partnered with UK-based Blockchain-ID Ltd to jointly develop BlockchainIDme, an authentication tool on the Algorand blockchain.
China’s Central Bank Official Urges the Acceleration of Digitization of the Chinese Economy with Blockchain
China’s central bank, the People’s Bank of China (PBoC) Financial Technology Committee held its first meeting of the year this week, after months of delay due to the coronavirus pandemic. Fan Yifei, the PBoC’s deputy governor echoed President Xi Jinping’s call for the acceleration of the country’s blockchain development adoption. The president pointed out that it is necessary to strengthen fundamental research of blockchain technology and enhance innovation, enabling China to take a leading position in the blockchain field. The bank’s deputy governor met with the central bank’s officials as well as the heads of their affiliated financial institutions. Fan emphasized the importance of blockchain and financial technology (FinTech) industries and wanted to ensure China’s adoption plan would be laid out and implemented by 2021 to be in line with the deadline they have set out.
ShareRing Integrates New Website with Blockchain-Based Digital Identities
To tackle the challenge of the loss of autonomy on personal data experienced in Web2, ShareRing has launched a new website with blockchain-powered digital identities that will usher in the Web3 era.
Chainlink Labs Taps Former Google CEO as Strategic Advisor
Chainlink Labs, the blockchain oracle service provider has tapped the services of Eric Schmidt, a former Chief Executive Officer of tech giant Google as its new strategic advisor.
Global UAE Bank Building Blockchain Architecture for Federated and Sovereign Digital Identity
A global UAE bank is creating a federated and sovereign blockchain architecture for digital identity via HashCash Consultants, to propel its financial and banking operations and prepare for the future of finance.
Bloomberg Report: COVID Stock Market Shake-Out Accelerating Bitcoin Maturation Into Digital Gold
A new report from international news agency Bloomberg indicates that the COVID-19 pandemic’s shake-out of the stock market may be accelerating Bitcoin’s maturation into a new kind of digital gold.
US-China Cold War Could Benefit Bitcoin
An internal Chinese report presented to Chinese Leader Xi Jinping and his top party members on May 4, concluded that anti-China sentiment is currently at its highest since the 1989 Tiananmen Square crackdown according to Reuters.
Exclusive: Fidelity Digital Assets Explains the Core Concerns Traditional Institutions Still Have Towards Cryptocurrencies
Blockchain.News spoke with Christine Sandler, the Head of Sales and Marketing at Fidelity Digital Assets to understand more about the concerns institutional investors may have and the barriers to entry to the cryptocurrency market.
MAPay to Collaborate with Verida, Achieving a Decentralized Healthcare Network in Bermuda
Blockchain technology might be an alternative way to resolve healthcare issues effectively. MAPay and Verida have recently announced collaborating by providing a decentralized healthcare network in Bermuda.
Crypto Trading in India Soared by 400% During COVID-19 Lockdown
With the ongoing COVID-19 pandemic, India’s cryptocurrency trading industry has seen an increase of 400 percent over the last few months.
Ripple CTO Explains Why Banks Have Been Lagging Behind on XRP Adoption
Ripple’s chief technical officer (CTO) David Schwartz explained why the company’s native XRP cryptocurrency has not been more readily adopted by banks.
DeSantis Proposes Flat Tax and IRS Elimination, Sparks Trump Rivalry in 2024 Race
In the 2024 presidential campaign, Florida Governor Ron DeSantis advocates for a flat tax system and the elimination of the IRS, a move that has ignited a political battle with Donald Trump, highlighting internal Republican party dynamics and differing tax policy visions
Biden To Name Crypto Critic Saule Omarova To Lead OCC
US President Joe Biden plans to nominate Saule Omarova to run the Comptroller of the Currency (OCC) Office. Omarova, a professor at Cornell University Law School, is known for her critical view of cryptocurrency and the financial sector.
Allbridge Recovers $465,000 Stolen in Crypto Exploit
Allbridge has recovered $465,000 worth of cryptocurrency stolen in a recent exploit, after the attacker apparently took the project's offer for a white hat bounty and returned the funds. The stolen funds were converted to Binance USD and used as compensation. Allbridge had previously offered the attacker a chance to escape legal repercussions and receive a bounty for finding vulnerabilities. The project has yet to publicly disclose the total amount stolen but blockchain security firms estimate it to be close to $550,000.
European Central Bank President: Coronavirus Has Accelerated Digital Currency Adoption
COVID-19 has led to an acceleration in digital payments adoption and technological innovation, as seen by the spending pattern of European citizens.
Ex-Ripple Board of Directors Member Selected by Joe Biden to be Next Comptroller of the Currency
A former member of Ripple’s board of directors is expected to succeed Brian Brooks and become the next Comptroller of the Currency (OCC).
Kraken Secures E-Money License in EU, Expands Virtual Asset Services in Spain
Kraken, a San Francisco-based crypto platform, has secured an E-Money Institution license from the Central Bank of Ireland and registered as a Virtual Asset Service Provider in Spain. These moves are part of Kraken's strategy to expand its European operations.
Ripple Unlocks 1 Billion XRP From Escrow, XRP Trades Heavy As US Dollar Loses Value
Ripple has unlocked 1 billion XRP tokens and is being heavily traded as the US dollar continues to lose value.
Spanish Football Giants Barcelona and Real Madrid Seek Crypto Trademark Protection
Football giants Barcelona and Real Madrid filed a joint crypto trademark protection covering various virtual products, according to licensed patent and trademark attorney Michael Kondoudis.
IRS Hoping to Deanonymize Monero and ZCash Privacy Coins to Prevent Cybercrime
The Criminal Investigation Division(CID) of the IRS are actively hiring private contractors to study and analyze privacy coins, as there has quite been a lot of fraudulent activities revolving around their usage.
What is Truflation?
Truflation is a blockchain-based financial data service that provides real-time economic and inflation data. Launched in December 2021, it updates its methodology annually and offers daily inflation updates from over 30 sources. Despite facing a deficit, Truflation is expanding its customer base and revenue, focusing on key metrics conversion and launching its token in January 2024.
Baidu's Stock Tumbles Amid Military Testing Rumors of AI Chatbot Ernie
Reports of Baidu’s AI chatbot Ernie Bot undergoing military testing led to an 11.5% drop in its stock, reflecting investor concerns over potential U.S. sanctions and the intricate challenges facing Chinese AI companies in the global tech landscape.
Bitcoin Eyes $12K, Experts Say It Will Surge Regardless of US 2020 Presidential Election Outcome
Market experts have said that Bitcoin's price will be unaffected by the outcome of the US presidential elections.
Babel Finance Reaches Agreement on Modalities for Repayment of its Loans
Following the halt of its withdrawals amidst its inability to pay its creditors as the crypto market meltdown took a bearish turn in the past few days, Babel Finance has announced measures to ease off its immediate operational burdens.
AI's Mainstream Impact and Workforce Dynamics in 2023
2023 was a transformative year for the workforce, marked by AI becoming mainstream, changes in job roles and hiring processes, the rise of hybrid work models, the decline of corporate jargon, and notable increases in job interview compensation.
The End of Physical Cash is an Inevitable Reality and Not to be Feared Says Union Bank President
As the world tries to come to terms with the coronavirus outbreak, recently Edwin Bautista chief executive and president of UnionBank of the Philippines revealed how digital services could support consumers as they increasingly self-isolate themselves or have to work remotely for an extended timeframe. The fintech leader projected the end of cash as the coronavirus crisis provokes banks to fast track the shift towards digital. But will the end of physical cash become a reality? The trend towards cashless remains inevitable as the current events seem to accelerate this process.
ASIC Bans BitConnect National Executive for His Part in Multi-Billion Dollar Crypto Ponzi Scheme
Australian Securities and Investments Commission (ASIC) has officially banned a former National Representative of BitConnect from providing financial services for seven years.
Facebook Sues Bangkok 'LeadCloak' Software Developer Over Alleged Crypto Scams and Bogus COVID-19 Data
Facebook has sued a Bangkok software engineer whose firm offered software designed to bypass ad review systems and push deceptive ads to run on the media platform.
Ransomware Attack Directed Towards University of California Generated 118 Bitcoin
The University of California, San Francisco’s plans to further COVID-19 vaccine research were disrupted by a ransomware attack on the school’s servers.
British University Reveals Blockchain-Enabled Digital Certificate to Water Down COVID-19 Dangers Across Supply Chains
Birmingham City University (BCU) in the United Kingdom is testing the waters with a blockchain-based digital safety certificate to safeguard consumers and suppliers from risks triggered by coronavirus (COVID-19). The digital certificate dubbed the Coronavirus Clearance Certificate (CCC), will be instrumental in reassuring stakeholders across supply chains that goods offered are risk-free.
Voltage Park's $1 Billion Cloud Infrastructure Targets ML Compute Shortage
Voltage Park, launching on October 29, 2023, introduced a $1 billion cloud infrastructure housing around 24,000 NVIDIA H100 GPUs, aimed at redressing the ML compute resource crunch. A subsidiary of the Navigation Fund, Voltage Park aspires to democratize ML compute access, thereby catalyzing AI innovation across the spectrum.
FreeInit: A Groundbreaking Approach to Enhance Video Generation by Nanyang Technological University
FreeInit, developed by Nanyang Technological University, enhances video diffusion models by iteratively refining noise initialization, significantly improving temporal consistency in video generation.
Cashing Out Vitalik Buterin’s Crypto Donation Proves Difficult for India’s Covid Relief Fund
Ethereum co-founder Vitalik Buterin donated $1 billion worth of cryptocurrency to a crypto Covid relief fund in India.
What Pfizer's COVID-19 Vaccine Means for the Bitcoin Price Outlook
Bitcoin saw a negative correlation with the traditional stock market, as hopes of the old normal economy were to be revived again.
Tether Q3 Attestation: 85.7% Cash Reserves, $330M Loan Cut, $670M Research Spend
Tether's Q3 2023 attestation shows historic liquidity, 85.7% reserves in Cash & Cash Equivalents, reduced secured loans, and robust investment in industry research, ensuring financial resilience amid market fluctuations.
‘Rich Dad, Poor Dad’ Author Kiyosaki Praises Bitcoin, and Says “Bitcoin is In, Real Estate & Gold are Out”
In a talk radio segment, New York Bestseller Robert Kiyosaki and crypto investor Anthony Pompliano discussed the growth of Bitcoin (BTC) and the major role the cryptocurrency will play in the future.
World Economic Forum Views Blockchain as the Vaccine for Future Interferences in the Seafood Sector
The World Economic Forum (WEF) touts blockchain technology as the vaccine and game-changer needed to ensure things run smoothly in the global seafood supply chain irrespective of future disruptions. This is based on the fact that the coronavirus (COVID-19) pandemic has laid the bare knuckles of the inefficiencies and challenges faced by the seafood industry.
Fidelity Investments Seeks Approval for a US Bitcoin ETF
The US asset management giant, Fidelity Investments, applies for a Bitcoin ETF in the U.S.
Solana CEO Denies Network Outages Caused by On-Chain Voting
Solana CEO Anatoly Yakovenko has refuted claims that Solana's network outages were caused by its on-chain voting system clogging its consensus layer. The CEO responded to a Twitter user's claims that the high volume of validator messages and on-chain votes were clogging the network, calling the theory "pure ignorance." While the root cause of the recent 20-hour network outage is still not clear, commentators have pointed out that there is likely no singular cause of the network outages.
Ether.Fi Launches Non-Custodial Liquid Restaking Protocol on Ethereum
Ether.Fi launches a non-custodial liquid restaking protocol on Ethereum, allowing users to maintain control of their keys while increasing staking yields through integration with Eigenlayer.
VeChain Announces Launch of Blockchain-Based Digital Platform at Cyprus Hospital
In light of COVID-19, VeChain announced the launch of a blockchain-based medical platform at the Mediterranean Hospital of Cyprus.
ShareRing Adopts NFC Technology to Enhance eKYC Solutions
ShareRing, a blockchain-based ecosystem providing digital identity solutions, has integrated near-field communication (NFC) technology to make the electronic know your customer (eKYC) process more secure and reliable.
Bitcoin's Popularity Sees Surge in Marijuana and Video Game Transactions During Coronavirus Lockdown
The coronavirus-induced lockdown has influenced an increased use case of Bitcoin. Sales of video games and cannabis using Bitcoin have seen a significant rise during the lockdown. The pandemic has revealed consumers’ priorities, as online sales of general digital products saw a decline, while video gamers and marijuana users have increasingly turned to Bitcoin during the virus outbreak.
Former Coinbase Employee Sentenced
Ishan Wahi, former product manager at Coinbase, has been sentenced to 24 months in prison for insider trading. Wahi used confidential information from Coinbase to profit off new token listings, totaling up to $1.5 million.
Bitcoin Association Bestows First-Ever Satoshi Nakamoto Scholarship to PhD Student
Bitcoin Association, a leading global organization for Bitcoin business, has revealed its first-ever Satoshi Nakamoto Scholarship to a 2nd year Cambridge University Phd student undertaking human genomics. Robin Kohze is the beneficiary of the scholarship after he successfully took part in a series of blockchain competitions, whereby he emerged second at Bitcoin Association’s 2nd Bitcoin SV Hackathon.
Sui Network Launches Liquid Staking Functionality to Enhance Delegated Staking
The Sui Network, a Layer 1 blockchain known for its object-centric data model, announced the launch of a new feature that enables liquid staking as part of its latest network upgrade.
HUSD Stablecoin Drops 56% From Dollar Peg Following Huobi Delisting
According to CoinMarketCap, HUSD stablecoin has fallen massively from its $1 peg, dropping to a low of $0.32 following delisting from crypto exchange Huobi on Friday last week.
Ripple Launches Liquidity Hub to Bridge Crypto and Fiat
Ripple has launched a liquidity solution for businesses to access digital assets, including BTC, ETH, ETC, BCH, and LTC, through various market makers. The Ripple liquidity hub aims to bridge the gap between crypto and fiat, and reduce the cost of operations on high-volume transactions. Notably, XRP is not mentioned in the product launch, which could be attributed to Ripple's ongoing court battle with the SEC.
Exploit of KyberSwap's Concentrated Liquidity Feature Results in $46 Million Loss
KyberSwap suffered a $46 million loss due to a flaw in its smart contract, highlighting vulnerabilities in DeFi smart contracts and the need for improved security protocols.
IDEG Launches Renaissance SP and DeFi Tracker SP
Professional digital asset manager IDEG Asset Management Limited (IDEG) has launched IDEG Renaissance SP and the IDEG DeFi Tracker SP.
Stone Ridge Shutting down Bitcoin Futures Fund, Returning Money to Investors
Stone Ridge’s Bitcoin Futures Fund suffers losses triggered by market downturn and competition.
Co-Founder of AirBit Club Sentenced to 12 Years for Cryptocurrency Ponzi Scheme
Pablo Renato Rodriguez, co-founder of AirBit Club, has been sentenced to 12 years in prison for orchestrating a global cryptocurrency pyramid scheme. Co-defendants await sentencing, and the group has been ordered to forfeit approximately $100 million in assets.
Fidelity Digital Assets to Hire 70% Staffs to Meet Rising Cryptocurrency Demand
Fidelity Digital Assets plans to employ a number of its employees amid increasing demands for crypto assets.
Greenidge Commits to Being 100% Carbon Neutral for Its Bitcoin Mining Facility Starting June 2021
Greenidge Generation Holdings Inc. plans to offset all carbon emissions from its Bitcoin mining facility, starting June 1st, 2021.
Joint Sanctions by U.S., UK, Australia Target Hamas's Crypto Financing Networks
The U.S., UK, and Australia have imposed a fifth round of sanctions targeting Hamas's cryptocurrency transfer networks, aiming to disrupt the financial infrastructure that supports terrorist activities in Gaza.
Musk Requests Dismissal of $258 Billion Dogecoin Pyramid Scheme Lawsuit
Elon Musk and his legal team have requested the dismissal of a $258 billion lawsuit accusing him of operating a pyramid scheme to promote the cryptocurrency Dogecoin. Musk's lawyers dismissed the lawsuit as a "fanciful work of fiction" in a federal court hearing on March 31.
Estonia to Strengthen Supervision of Virtual Asset Service Providers
Estonia has recently considered enacting new rules on encryption and proposed draft legislation that will strengthen the supervision of virtual asset service providers.
Biden's Communications Director Restricted From Handling Crypto Firms
President Joe Biden's communications director, Ben LaBolt, will be barred from handling matters related to any cryptocurrency or technology firms he previously represented, but he will be allowed to advise on crypto regulation. LaBolt has disclosed owning $50,001-$100,000 in Bitcoin and $15,001-$50,000 in Ethereum 2. The restrictions are in line with ethics rules followed by senior White House staff.
Google's Lumiere AI: Ideal for Realistic Video Generation
Google unveils Lumiere, an advanced AI model for realistic video generation using a Space-Time Diffusion Model and STUNet architecture, outperforming existing models in quality and user preference.
Could Blockchain be a Solution for Mail-In Voting Issues and Election Ballot Counting Fraud?
Amid the misinformation circulating in response to the US presidential elections, blockchain technology has been brought up as a solution to prevent voter fraud.
Facebook’s Libra Co-Creator Thinks Bitcoin is Not a Currency
Speaking as a guest on CNBC, David Marcus initially talked about Libra setbacks, stating that Libra, Calibra, and Facebook would need time to allow digital money access and services to form for users around the world as well as his thoughts on BTC.
ChatGPT Poised to Challenge Google Assistant on Android Devices
OpenAI's ChatGPT may soon challenge Google Assistant's role as the default voice assistant on Android, signaling a significant shift in the digital assistant sector and underscoring AI's growing impact in technology.
Bitfinex: The Crisis Tested Liquid Exchange King for Bitcoin and Ethereum Trading
During the March 12 stock market crash instigated by the coronavirus pandemic’s disruption to the world economy, cryptocurrency exchanges experienced a massive sell-off of Bitcoin and Ethereum. When the liquidation panic finally settled down, Bitfinex emerged as one of the few exchanges that had been able to take the extreme volatility in stride.
Bitcoin Mining in China Dropped before the Latest Crackdown
New research conducted by the Cambridge Centre for Alternative Finance (CCAF) shows that Bitcoin mining in China has already nosediving even before the government started cracking the whip on crypto mining in May.
Middle East Eyes for Strong Potential Cryptocurrency Market
More Middle East countries are taking a bet on cryptocurrency, despite its high volatility nature, which may beat investors.
Cambridge Report: 77% of Enterprise Blockchains Are Not 'Truly Transformational'
Following on from its initial 2017 Global Blockchain Benchmarking Study, the new study underlines the significant changes in the industry landscape since the initial version. According to the findings, the new report states, “Two years ago, the industry landscape was mostly dominated by half-hearted experiments and short-lived proofs-of-concept – often announced with great fanfare and publicity – the hype has gradually given way to genuine development of sustainable blockchain networks that are increasingly being deployed in production environments.”
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.
Former US Head of Treasury Lawrence Summers Backs Cryptocurrency
In an interview with CEO of the digital currency company Circle —Jeremy Allaire, Former US head of Treasury Lawrence Summers advocates for cryptocurrency’s benefits.
CryptoPunks Now the Most Trading NFT Collection amid Rising Floor Price
This rising trend has, in particular, favoured the CryptoPunks NFT Collection which is now ranked number 1 of the most traded of all collections.
Three Arrow's Su Zhu Puts Singapore Luxury Home for Sale
Su Zhu, the co-founder and Chief Executive Officer of embattled Three Arrows Capital (3AC) has put his Singapore mansion for sale.
New York State Trust License - Fidelity’s Step Towards Mass Crypto Adoption?
Fidelity’s cryptocurrency investment arm, Fidelity Digital Assets (FDAS) has filed for a trust license in the state of New York according to several sources.
CFTC Receives DeFi Crash Course
Crypto executives provided a DeFi crash course to the CFTC during their first Technology Advisory Committee meeting. Topics included blockchain technology, decentralization, digital identity, and exploits and vulnerabilities.
Bitcoin’s Significant Support Stands at $42.2K, Illiquid Supply Soars for 214 Days
Based on Bitcoin’s transaction history, notable support lies at the $42,260 as many addresses bought coins at this level.
Foreign Exchange Service Firm Midpoint Completes Acquisition of Blockchain World
UK-based Midpoint Holdings Ltd, an international payments and peer-to-peer foreign exchange service company, announced that it had completed the acquisition of Blockchain World Ltd.
Binance to Delist ARPA/BNB, COMP/TUSD, EDU/BNB and PENDLE/TUSD
Binance is set to remove a select number of trading pairs from its platform on March 15, 2024, citing low liquidity and volume as the primary reasons.
DEVITA Goes Live on Polygon for Equitable Healthcare and Speedy Data Transmission
To maximize healthcare operations and processes through the latest innovations in NFT and decentralized identification (DID) technologies, DEVITA has joined the Polygon network.
UNICEF Cryptocurrency Fund Invests in Tech Startups Fighting COVID-19 in Emerging Economies
Eight technology companies in developing and emerging economies will receive investment from the UNICEF Cryptocurrency Fund (CryptoFund) to solve local and global challenges.
KFC Opts for Blockchain-Based Media Buying and Digital Advertisements for its Middle East Customers
KFC, a leading American fast food chain, seeks to change the face of the quick-service restaurant (QSR) sector by establishing a blockchain platform in the Middle East for more transparent and efficient media buying and digital advertisements.
Bitfinex Securities Launches El Salvador's First Tokenized Debt for Hilton Hotel Development
Bitfinex Securities, the first licensed digital asset provider in El Salvador, is launching its inaugural tokenized asset raise on the Bitcoin layer 2 Liquid Network to fund a new Hilton hotel complex at El Salvador International Airport.
Biden urges technology firms to prioritize safety in AI development
US President Joe Biden has called for technology companies to prioritize safety when developing and releasing artificial intelligence (AI) products. He acknowledged the potential benefits of AI in addressing global issues, but emphasized the need to address risks to society, national security, and the economy. Biden also urged Congress to approve non-partisan privacy laws that prioritize health and safety in product development.
Bill Gates Confused by Trump’s Terms for Microsoft TikTok Deal, Twitter Reportedly Joins Race
Microsoft may be entering the social media ecosystem should they acquire TikTok, in a deal that Bill Gates is calling a poisoned chalice. Meanwhile, Twitter is now rumored to be in talks with ByteDance—TikTok’s parent company—to potentially reclaim their old video Vines territory.
Honduran Withdrawal from ICSID Backed by Economists Amidst Crypto Firm Dispute
Economists rally behind the Honduran government's decision to exit ICSID, amid a $10.8B claim from Próspera Inc., a crypto island firm affected by legislative changes.
Amid Criticisms, Binance's Changpeng Zhao Praises Biden's New Crypto Framework
Binance's CEO, Changpeng Zhao popularly known as CZ has declared his support to the president of the United States for bringing out a new framework that will guide the activities of using cryptocurrencies in the country in spite of a backlash from other stakeholders
MetaMask Users Email Addresses Exposed in Cybersecurity Incident
MetaMask, the popular Ethereum wallet, experienced a cybersecurity incident that exposed the email addresses of some of its users who submitted a customer support ticket between August 1, 2021 and February 10, 2023. The breach may have affected up to 7,000 users and some of the customer support tickets included a free text field where users may have submitted personally identifying information. The company has taken steps to eliminate unauthorized access in the future and is working with a cybersecurity and forensics team to investigate the incident.
Dasset Enters Liquidation: Key Details
Digital Asset Exchange Limited, trading as 'Dasset', has entered liquidation due to"unfavorable market dynamics, increasing regulatory constraints, and uncertainty regarding the legal standing of cryptocurrencies in different jurisdictions.
EBA Opens Consultation on Liquidity Stress Test Guidelines for Crypto Assets
The EBA is requesting input on draft guidelines for liquidity stress tests for crypto assets, aiming to improve market resilience and comply with data protection regulations until February 8, 2024.
US Democrats Propose Distributing Covid-19 Stimulus Payments Through Digital Dollars to Unbanked Citizens
As markets across the globe continue to feel the crunch of economic disruption caused by the coronavirus pandemic, debate has raged over a massive stimulus package being proposed in the US which could see the IRS send up to $2000 a month to all US citizens until the recession takes a turn for the better.
President Trump Nominates Brian Brooks to Serve as US Comptroller of the Currency for A Five-Year Term
President Trump has nominated Brian Brooks to lead as the national bank regulator for a full five-year term.
Binance Updates Fiat Liquidity Provider Program to Include MXN and CZK Markets
Binance, one of the leading cryptocurrency exchanges, has announced updates to its Fiat Liquidity Provider Program. The program will now include the addition of MXN and CZK markets, providing more options for liquidity providers. The update will take effect on April 10, 2024.
Despite Regulatory Uncertainty, Ripple Is Launching Crypto Liquidity Service for Financial Firms
Ripple has announced that it is launching a liquidity hub that would allow financial services companies to provide their customers access to a range of cryptocurrencies.
President Donald Trump Approves Oracle Deal, Ban Averted for TikTok but not WeChat
President Trump approved the TikTok deal that Oracle has been working on, postponing a scheduled ban of the video-sharing platform and of WeChat.
Bitget Eyes Middle East for Crypto Expansion, Plans to Hire 60 New Staff
Bitget, a leading crypto derivatives and copy trading platform, has announced plans to expand its operations into the Middle East, as reported on July 20, 2023.
ENS Launches EVM Gateway, Enhancing Interoperability Between L1 and L2 Chains
ENS Domains introduces the EVM Gateway, an open-source platform enhancing interoperability between L1 and L2 chains, promoting a more connected and efficient blockchain ecosystem.
21Shares Debuts First Physically-Backed Bitcoin ETP on Nasdaq Dubai
The Middle East gets a physically-backed Bitcoin exchange-traded product following 21Shares Bitcoin ETP listing on Nasdaq Dubai.
First Chinese State-Backed Blockchain Firm "Tainted" the Nation's Image Due to the Export of Faulty COVID-19 Medical Supplies
Tus Data Asset, a blockchain firm based in Beijing, has been banned by the Chinese government from exporting medical supplies to other countries during the coronavirus pandemic.
“Bitcoin Better Investment than Gold," Winklevoss Says to Dave Portnoy Over Talks on Elon Musk’s Plans to Mine Gold in Space
In their interview with Dave Portnoy, Tyler and Cameron Winklevoss advised the "Davey Day Trader" to invest in Bitcoin rather than gold.
Whales Holding More Than 10,000 BTC Continue Accumulating More Bitcoin
On-chain metrics provider Santiment has noted that Bitcoin whales are taking advantage of the current raging market to accumulate more Bitcoin.
Lido Launches Layer-2 Ethereum Staking And 150,000 LDO Tokens In Rewards
Lido is now live on layer-2 solutions, Arbitrum, and Optimism, and would allocate 150,000 LDO tokens in rewards per month from Oct 7 for wstETH across each network.
AI's Pioneering Role in 2024: Transformations and Challenges
AI in 2024 is transforming various sectors with advancements in text-to-video technology, the proliferation of deepfakes, and new applications in robotics and journalism, reshaping work and societal norms.
Spheroid to Launch AI Avatars in Augmented Reality
Spheroid Universe, a futuristic Metaverse that augments the real world in every part of the Earth, has announced the upcoming launch of artificial intelligence (AI) Avatars that will inhabit the world around us via augmented reality (AR). This ground-breaking development will deliver breakthrough opportunities across numerous business platforms - from e-commerce and retail to advertising, sales, general customer, and consumer interactions and more.
France’s CBDC Projects to Manage DeFi Liquidity, Settle Tokenized Assets
The Bank of France is currently working on its second stage of experimentation in wholesale central bank digital currency (CBDC).
EU Passes Vote for Digital Wallet
The European Parliament passed a plenary vote for interinstitutional negotiations to create a EU-wide digital wallet. The eID amendments include zero-knowledge proofs to enable citizens to control their identity data.
DOJ Plans to Call Former FTX Consumers, Investors, and Employees as Witnesses in Upcoming Samuel Bankman-Fried Trial
The DOJ is set to call former customers, investors, and employees of FTX as witnesses in the upcoming trial against Samuel Bankman-Fried, with a letter motion on September 30 revealing the scope of testimonies. A witness from Ukraine presents a challenge due to travel constraints amidst local unrest, with video conferencing proposed as a solution. The trial, attracting attention due to its proximity, is poised to kick off following jury selection on October 3.
What Impact Will The Moderna Vaccine Have on Cryptocurrencies Like Bitcoin in The Long Run?
The COVID-19 vaccine from Moderna has shown 94.5% effectiveness in preventing coronavirus. This article explores the long-term implications on cryptocurrencies.
FinTech Giants PayPal, Intuit and Square Capital Approved to Digitally Distribute US Govt COVID-19 Small Business Stimulus
PayPal, Square and Intuit have received the government’s approval to take part in the US Small Business Administration’s (SBA) Paycheck Protection Program which was established in response to the COVID-19 pandemic triggered global financial crisis.
Can a Microsoft Takeover of TikTok Ease Trump’s Concerns? App Ban could See Bitcoin Price Boom
Microsoft is in talks to acquire TikTok from China’s ByteDance Ltd, promising to address privacy concerns that have President Trump calling for the social video apps ban. But could a TikTok ban be good for Bitcoin?
Islamic Development Bank to Create Blockchain Smart Credit Platform with Samsung's Blocko
The Islamic Research and Training Institute partnered with Samsung backed Blocko to develop a functional Credit Management System for Saudi Arabia.
CEO of IcomTech Pleads Guilty in Cryptocurrency Ponzi Scheme
Marco Ruiz Ochoa, former CEO of IcomTech, pleaded guilty to conspiracy to commit wire fraud for his role in a large-scale cryptocurrency Ponzi scheme. The company falsely promised high returns on cryptocurrency investments and used promotional tactics to lure victims. Ochoa now faces up to 20 years in prison.
1 Billion People Using Bitcoin in the next 4 Years Puts Price North of $500k, says 10T Holdings Co-Founder
With a projection of 1 billion people using BTC in the next four years, Dan Tapiero, the co-founder of digital asset firm 10T Holdings, believes this trend will push Bitcoin’s price above $500,000.
Coinbase's Base 2024 Mission: Pioneering a Global Onchain Economy
Base's 2024 mission focuses on building a global onchain economy, emphasizing decentralization, developer empowerment, a vibrant app ecosystem, and a robust capital market, all while maintaining close ties with Coinbase and the broader crypto community.
Arbitrum Bridge: A Comprehensive Guide
The Arbitrum Bridge is a Layer 2 solution for Ethereum, enabling secure, cost-effective asset transfers to the Arbitrum network. It supports a wide range of assets and networks, ensuring robust security and providing comprehensive troubleshooting guides.
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.
Kyber Network Advises Removal of Funds Amid Potential Vulnerability
Kyber Network has advised liquidity providers to remove their funds due to a potential vulnerability in the Kyberswap Elastic decentralized crypto exchange. No funds have been lost, and farming rewards have been temporarily suspended until a new smart contract can be deployed.
Su Zhu and Kyle Davies Finally Speaks About the Collapse of 3AC
During an interview with Bloomberg, Su Zhu, and Kyle Davies, the co-founders of Three Arrows Capital (3AC), the troubled hedge fund broke silence on the happenings that they have experienced in the past few weeks
POSA Publishes Two White Papers
The nonprofit cryptocurrency industry group Proof of Stake Alliance (POSA) has produced papers on receipt token legality.
Dubai Sees Crypto as Stepping Stone Towards Global Tech Hub
Dubai is reaping the dividends of new tech investments because it has laid the ground for a post-pandemic boom through a business-friendly and low taxes environment.
Cross-Chain Crime Hits $7B: North Korean Ties Unveiled
The recent revelation by Elliptic highlights a troubling surge in cross-chain crime, now amounting to $7 billion, with North Korean affiliated Lazarus Group playing a significant role. These findings from the 2023 edition of 'The State of Cross-chain Crime' report, outstrip previous forecasts, underscoring an urgent call for bolstered security measures and refined blockchain analytics to confront the escalating menace.
Breaking: CoinsPaid, AtomicWallet, and Alphapo Incidents All Connected to North Korea's Lazarus Group
MistTrack links CoinsPaid, AtomicWallet, and Alphapo incidents to North Korea's Lazarus Group. The hacks, totaling over $183M, highlight the need for robust crypto security.
U.S. Treasury Requests Report to IRS for Crypto Transfers Over $10,000
The U.S. Treasury Department today proposed to the U.S. Internal Revenue Service that investors need to report on crypto transactions of more than $10,000.
New York State Denies Air Permit to Greenidge Crypto Mining Facility on Seneca Lake
Greenidge Bitcoin mining firm has been denied air permit by the regulator in a move that could lead to the retrenching of hundreds of workers in the crypto mining sector.
Billionaire Investor Ray Dalio Bearish on Cash Says Central Banks Drive Economy
Billionaire investor Ray Dalio, the Founder and CIO of Bridgewater Associates asserted that since the 2008 Financial Crisis, the behavior of central banks like the Federal Reserve demonstrates that capital markets are no longer free.
Chinese Police Investigate STFIL Team Members in Filecoin (FIL) Liquid Staking Protocol
Chinese police are investigating STFIL technical team members, who relocated 2.5 million FIL tokens to an unknown address during an unscheduled protocol update, seeking community assistance to protect stakeholders' interests.
Astaria Raises $8m in Seed Round to Improve NFT Lending Liquidity
While NFT lending has become a popular way of accessing more cash, most NFTs are illiquid. This is the problem that Astaria is trying to solve.
Democrats Critical of OCC's "Excessive Focus" on Crypto and Stablecoin Financial Services
Democrat members of the United States Congress led by Congresswoman Rashida Tlaib (D-MI) have criticized the OCC's focus on crypto and stablecoins.
Novi Digital Wallet Ready to Show on the Market, Facebook’s David Marcus Says
The head of Facebook Financial, David Marcus, has revealed that Facebook’s Diem cryptocurrency is ready for launch.
The Ethical Dimensions of ChatGPT in Modern Learning Environments
Exploring the ethical dimensions and transformative potential of ChatGPT in education, focusing on challenges and opportunities in teaching, learning, and academic integrity within STEM and higher education environments.
Allbridge Provides Compensation Plan for Hacked Users
Allbridge has posted a recovery plan after being hacked for $573,000 on April 1, stating that users with funds stuck on the token bridge are first in line to receive compensation. Allbridge has already started the compensation process for users despite only recovering part of the funds. The protocol aims to fully compensate those affected by the exploit with funds available to them.
Fidelity Launches a New Commission-Free Crypto Trading Product
Fidelity Investments has launched trading support for Bitcoin and Ethereum at zero commission
Binance to Delist BAKE, ID, MBOX, OP, RDNT, UNI Related Trading Pairs in Spot Market
Binance has announced the delisting of several trading pairs in its spot market. Effective April 12, 2024, Binance will remove the BAKE/BNB, ID/TUSD, MBOX/BNB, OP/TUSD, RDNT/TUSD, and UNI/BNB trading pairs. The decision was made to maintain a high-quality trading environment and protect users. Despite the delisting, the tokens will still be available for trading on other pairs within the Binance ecosystem. Users are advised to update or cancel their Spot Trading Bots prior to the cessation to avoid any potential losses.
Nvidia to Construct $200M AI Center in Indonesia, Boosting Local AI Talent
Nvidia collaborates with Indonesia's government and Indosat to establish a $200 million AI center aimed at infrastructure development and AI skill enhancement.
9 Cryptos Named as Securities by SEC amid Coinbase Insider Trading Charges
The US SEC listed nine cryptocurrencies as securities in response to the first-ever insider trading case involving crypto tokens against a former Coinbase employee.
TRON Launches Sidechain Solution & Aims to List on Coinbase
Tron (TRX) announced the launch of Tron’s sidechain solution, the Sun Network, as revealed in the company’s blog on 11 August.
Sui Foundation Allocates Over $1M to 17 Emerging Projects
The Sui Foundation has earmarked over $1.05 million for 17 new projects aimed at bolstering the development and adoption of Sui. This initiative encompasses a wide range of sectors within the Sui ecosystem, including DeFi, gaming, and on-chain solutions, showcasing the foundation's dedication to fostering innovation and expanding the decentralized platform.
Ethereum Validators Hit 300,000, Non-Zero ETH Addresses Reach ATH
The number of validators on the Ethereum network continues gaining steam after hitting the 300,000 mark.
Ethereum Milestone: Validator Count Hits 1 Million with $114 Billion Staked
Ethereum's network validators surpass the 1 million mark, with 32 million ETH staked through platforms like Lido, accounting for 26% of its total supply.
FTX Ventures Looks to Acquire 30% Stake in SkyBridge Capital - Report
FTX Ventures has announced its intention to take a 30% stake in the crypto exchange, Skybridge Capital, using its investment division
Cyber L2 & SPACE ID Partnership Unveiled, Cyber Ecosystem Airdrop Announced
CyberConnect partners with Space ID to improve interoperability, support Cyber L2 scalability, and provide an ecosystem airdrop for token stakers, enabling faster on-chain transactions.
Nexo Seeks $3 Billion in Damages from Bulgaria Over Investigation
Nexo files a $3 billion claim against Bulgaria for damages caused by a dropped investigation, citing material and reputational harm and disrupted business plans.
South Korea to Provide Blockchain-based Digital Identities to Citizens by 2024
South Korea plans to provide citizens' digital identities encrypted by blockchain with smartphones in 2024 to facilitate its economic development.
Biden's Administration "Will Ultimately Be Supportive" of Bitcoin, says Circle CEO
Circle's CEO, Jeremy Allaire said on CNBC Squawk Box that he believes the Biden Administration will be more friendly towards Bitcoin and cryptocurrencies.
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.
Nvidia Plans to add Innovation in the Metaverse with Software, Marketplace Deals
Nvidia Corporation has set its eyes on adding more creativity in the metaverse based on various marketplace and software deals.
SEC Alleges Fraud Against SafeMoon Amidst System Flaw Exploit
The US SEC has accused decentralized finance project SafeMoon of fraud following a system flaw in March that resulted in a loss of 8.9 million BNB. The breach was linked to a vulnerability in SafeMoon's smart contract, allowing malicious transfers of 32 billion SFM tokens. Insider involvement is suspected.
Bitcoin Is in a Normal Consolidation Market, says Bollinger Bands Inventor
The inventor of the famous Bollinger Bands indicator John Bollinger has suggested that the current Bitcoin price action depicts a normal consolidation market.
AI-Generated NFT Collection to Preserve Ukrainian Art and Offer Humanitarian Support
Through a global coalition of advocates, digital innovators, artists, and educators, an AI-generated NFT collection has been established to conserve Ukrainian art and raise funds for humanitarian aid.
Cardano Nodes Go Offline for Half an Hour
Stake pool operators reported 50% of Cardano nodes disconnecting and restarting due to anomaly. Cardano's fintech business is investigating the anomaly's cause.
Media Outlets Object to Withholding Identities in FTX Bankruptcy Proceedings
Major media outlets have objected to the withholding of non-US customer identities during FTX's bankruptcy proceedings, citing the public's right to access bankruptcy filings. FTX and its customers have failed to justify the need for such secrecy, according to the media outlets.
Trump Outraged: Jack Dorsey Faces Senate Subpoena After Twitter Blocks Biden Ukraine Scandal
CEO Jack Dorsey is to testify about the recent incident where Twitter blocked a NY Post news disclosing sensitive information on Joe Biden's scandal in Ukraine.
Korean Prosecution Investigates Cypto Coin WEMIX Issuer WeMade and Hyperism Simultaneously
The Korean prosecution has simultaneously raided WeMade, the issuer of the cryptocurrency WEMIX, and Hyperism, the asset management company responsible for WEMIX's market making. This incident comes right after South Korea’s parliament passed the Virtual Asset Protection Act, which aims to crack down on illegal illegal trading practices such as market price manipulation and insider trading.
French Man Who Paid $500,000 In Bitcoin to Activists Involved in US Capitol Hill Riot Leaves Behind A Suicide Note
A Frenchman, who paid more than $500,000 In Bitcoin to Trump supporters left behind a scathing suicide note justifying his health difficulties.
Taiwanese Authorities Caution Against Crypto Betting for 2024 Presidential Election
Taiwanese authorities warn against using cryptocurrency betting platforms for the January 2024 presidential election, amid ongoing investigations and multiple arrests.
US Elections Need Blockchain: What Happened with the QFS Conspiracy and Voter Fraud Claims
The presidential election has been complicated, as a portion of the ballots collected were done through mail, as Trump has reiterated his stance on voter fraud.
Worldcoin Introduces World ID 2.0: Revolutionizing Digital Identity Verification
Worldcoin's World ID 2.0 integrates with Shopify, Mercado Libre, Reddit, and Telegram, enhancing user verification and addressing digital fraud.
Here's How the Stock Market and the Bitcoin Price Responded as US President Donald Trump Has COVID
United States President Donald J Trump, and First Lady Melania Trump have both tested positive for COVID-19 stirring different reactions in the stock market.
World Economic Forum Launches New Blockchain Toolkit for Supply Chains to Support the World Through Post-COVID Economic Recovery
The World Economic Forum (WEF) has just released its Blockchain Deployment Toolkit, aiming to enable companies of any size to be able to maximize the benefits of integrating blockchain technology in the supply chain sector. The toolkit allows companies to be able to get a better idea of how to handle deploying blockchain technology in regards to supply chain uses.
US Government Plans to Use USDC Stablecoin to Offer Foreign Aid in Venezuela
U.S government has tapped Circle’s USDC stablecoin to offer foreign aid in Venezuela through President-elect Juan Guaidó exiled government.
Blockchain-Based Voting Could Solve Trump and Biden Presidential Election Dispute
The US Presidential election is coming to an end, although results are still being anticipated. This is how blockchain can change the voting system.
Former US Secret Service Officer Warns of FTX Customer Targeting Risk
Former US Secret Service officer Jeremy Sheridan has cautioned that the release of personal information of FTX customers could make them potential targets for identity and asset theft. Sheridan supported a motion from FTX debtors to withhold the confidential information of customers associated with the failed crypto exchange.
Telos Launches Most Powerful EVM And Combats Insider Trading in Crypto Market
Telos is powered by smart contract blockchain and TLOS cryptocurrency to offer a decentralized computing network, a global economy, and an app ecosystem, which provides fast and scalable DApps.
Nearly Half of Millennials Own Cryptocurrencies
A recent survey conducted by Bitget, a cryptocurrency exchange, has found that 46% of millennials in major population countries own cryptocurrencies, compared to 25% of Gen X, 21% of Gen Z and 8% of baby boomers. The survey also revealed that 27% of millennials and 36% of Gen Z consider cryptocurrency regulation an important factor when voting for political candidates.
Mixin Network Suffers $200 Million Hack
Mixin Network's cloud service provider database was hacked on September 23, 2023, leading to a loss of approximately $200 million. Blockchain security firm SlowMist is aiding in the investigation. Deposit and withdrawal services have been temporarily halted on Mixin Network.
Lido Finance Community Votes on Critical Governance Proposal
Lido Finance community members cast their votes on a pivotal governance proposal, shaping the future direction of the staking platform.
Flow Blockchain Proposes Full EVM Equivalence to Enhance Composability and Usability
Flow blockchain unveils proposal for full EVM equivalence, bridging Ethereum dApp ecosystem with Flow’s unique capabilities. The move aims to enhance composability, interoperability, and user experience across the blockchain space.
Starknet Foundation Establishes DeFi Committee to Boost Ecosystem
Starknet Foundation has launched a DeFi Committee to bolster its DeFi ecosystem. Chaired by six experts, the committee will strategize and implement an on-chain liquidity incentive program, marking a strategic move for Starknet in the DeFi space.
Fidelity, Schwab, Citadel Securities Launch New Crypto Exchange EDXM
The launch of crypto exchange EDX is the latest evidence Wall Street continues entering the digital asset markets despite the crypto winter.
Cardano’s Shelley Hybrid Era: How Decentralized is the Cardano Network So Far?
Cardano successfully launched Shelley on July 29, a move towards a more decentralized network, with over 800 stake pools registered on its network so far. Cardano also recently introduced Project Catalyst, its experimental treasury system for its decentralized voting and proposal procedures.
eBay Acquires AI-Powered Digital ID Prvoder Certilogo
eBay Inc., a global commerce leader, has announced the completion of its acquisition of Certilogo, an AI-powered provider of digital IDs and authentication for apparel and fashion goods. This move is set to bring new, 'Secure by Design' digital ID technology to eBay's fashion category, expanding opportunities in the circular economy.
U.S. Tightens Microchip Export to Sustain AI Leadership Over China
Senator Mike Rounds highlighted the U.S.'s marginal lead in AI over China, measurable in months. The U.S. restricts AI chip exports to China to maintain this edge. Meanwhile, China's significant AI advancements, despite challenges like U.S. sanctions and technology gaps, underscore the intensifying global AI race.
ETH Merge Will Propel Narrative of Cryptos Being Eco-Friendly: Head of Sales at Moneycorp
Once Ethereum shifts to a PoS consensus mechanism, validators will replace miners in the confirmation of blocks because they will use the staked Ether. As a result, prompting a more cost-efficient and environmentally friendly approach.
Binance Revamps Fiat Liquidity Provider Program with New Eligibility Criteria and Incentives
Binance has updated its Fiat Liquidity Provider Program, focusing on specific fiat markets and a revised performance review mechanism. Starting September 25th, 2023, the program will be restricted to these markets and will offer maker fee rebates based on past trading activity. Eligible markets include TRY and EUR, BRL, GBP, RUB, ZAR, PLN, NGN, UAH, RON, and ARS. Participants must have a 30-day trading volume exceeding 20,000,000 USDT and demonstrate competent liquidity strategies.
Prime Trust Hires Former Secret Service Veteran as VP of Regulatory Affairs
The two-decade government service veteran, Jeremy Sheridan will be responsible for overseeing Prime Trust's regulatory strategies.
Fidelity’s Crypto Arm Given the Green Light by the New York State Department of Financial Services
Fidelity Digital Assets Services (FDAS), the cryptocurrency arm of Fidelity Investments has been granted a license by the New York State Department of Financial Services (NYDFS), allowing the company to offer cryptocurrency trading and custody services.
OneCoin's Former Legal Head Pleads Guilty to Fraud and Money Laundering
Irina Dilkinska, former OneCoin legal head, has admitted to wire fraud and money laundering charges in the cryptocurrency pyramid scheme, facing a potential ten-year prison term, while co-founder Ruja Ignatova remains fugitive.
Quidd Launches New Platform Mintables, Enabling Users to Mint Digital Collectibles into NFTs
Quidd announced it will allow the minting and unminting of NFTs on its platform. The firm stated new features are to support users who in the past used to pay hefty amounts of money to mint NFTs.
Curve Founder Proposes Venus Protocol Deployment on Ethereum Mainnet
Michael Egorov of Curve Finance proposes launching Venus Protocol on Ethereum Mainnet, incorporating Curve's stablecoin crvUSD and CRV as collaterals, with community support for growth.
Theta: Everything You Need to Know
The Theta network aims to use blockchain technology to provide decentralized peer-to-peer video delivery for online streaming purposes.
Bitcoin Gains Momentum as Biden Slaps Russia with Sanctions
Bitcoin entered the green zone after U.S. President Joe Biden revealed new sanctions meant to cut off Russia from western finance.
Ethereum Slips Below $1,350 as Total Liquidation Hit $300 Million in 12 Hours
Ethereum has not been able to get the right footing since the much-anticipated Merge went live on September 15.
Cross-chain Orbit Bridge allegedly experiences a $82 million exploit
Orbit Chain experienced $81.6 million in financial loss due to unauthorized transactions, involving fake signatures and unauthorized transfers of cryptocurrencies into new wallets.
BETA, BOND, WTC, and XEM Added to Binance's Monitoring Tag List
Binance has expanded its Monitoring Tag list to include Beta Finance (BETA), BarnBridge (BOND), Waltonchain (WTC), and NEM (XEM) as of October 4, 2023. The Monitoring Tag serves as a risk indicator for tokens with elevated volatility and risk.
KyberSwap's Response to $48.8 Million Hack: Workforce Halved and Victim Reimbursement Plans
KyberSwap, after a $48.8M hack, has halved its workforce and launched a reimbursement plan for affected users, showcasing the resilience of DeFi.
China’s CBDC Research Institute Partners with Didi Chuxing to Explore “Smart Travel” with the Digital Yuan
China’s Central Bank Digital Currency Research Institute and Chinese transportation giant Didi Chuxing have reached an agreement to explore and develop the use of digital yuan in the transportation industry.
Stargate Foundation advised against reissuing STG token
Stargate Foundation has been advised against reissuing the STG token by its DAO due to concerns raised by FTX liquidators following the bankruptcy of FTX and Alameda Research's wallets being hacked for roughly $500 million.
Ethereum’s Crowd Sentiment Hits a Two-Month High as ETH 2.0 Surpasses 200,000 Validators
Ethereum recently jumped above the $2,400 level, triggering crowd sentiment on Twitter to hit a two-month high, as acknowledged by on-chain metrics provider Santiment.
Bitcoin’s Scarcity Feature Makes the Crypto an Aspirational Store of Value for Investors, says Fidelity Digital Assets
Fidelity Digital Assets, the crypto arm of investment firm Fidelity Investments found in its new report that many investors consider Bitcoin to be an “aspirational store of value”. The firm believes that the largest cryptocurrency has the properties of a store of value but has yet to be widely adopted.
UK Judges Receive Groundbreaking AI Usage Guidance for Legal Work
UK senior judges have issued guidance to magistrates and judges in England and Wales on the responsible use of AI in courts.
China's Pursuit of Digital Yuan "Unswerving" in Wake of COVID-19 Global Pandemic, says Central Bank
China’s central bank has further galvanised its public commitment to creating the first central bank digital currency (CBDC), a digital version of the Yuan, at an annual meeting hosted last Friday by the People’s Bank of China (PBoC) vice governor Yifei Fan.
Ripple (XRP) CTO responds to phishing scam concerns following Cory Doctorow's $8000 loss
Ripple's CTO David Schwartz emphasizes his cybersecurity savvy, responding to phishing scam concerns after Cory Doctorow's $8000 loss. Ripple educates on scam identification and prevention, amidst increasing social media-based crypto frauds.
Brazil Highlights Blockchain Technology as a Digital Strategy Goal
Last week, Brazil unveiled its Digital Government Strategy that highlighted the use of distributed ledger systems and blockchain technology to transform major parts of the economy, especially in a post-COVID-19 environment.
Bitcoin Bull Tim Draper Pushes for Better SEC Regulation and BTC as the National Currency under Biden
As the transfer of presidential power from Trump to Joe Biden looms, many have been anticipating it. What will it mean for Bitcoin and crypto?
FTX Continues Global Expansion, Launches Subsidiary Division in Australia
FTX has continued with its lines of expansion with the latest establishment of a new office in Australia.
United States CFTC Issues Advisory on Digital Currencies for Futures Commission Merchants
The Commodity Futures Trading Commission (CFTC) has released an advisory to futures commission merchants clarifying how to hold digital currencies in segregated accounts.
Crypto Prime Broker Hidden Road Partners Urges Clients to Liquidate FTX Positions
Cryptocurrency prime broker Hidden Road Partners is expected to complete the liquidation of its FTX.com holdings tonight, according to Bloomberg.
Crypto Mining Hive Signed a $66 million GPU Subscription Agreement with Nvidia
Hive Blockchain Technologies Ltd signed a Graphics Processing Unit (GPU) procurement contract worth $66 million with a top-notch GPU inventor Nvidia Thursday. The announcement has come officially to join the Nvidia Partner Network (NPN) cloud service provider plan.
Chainalysis Partners with US Regulators to Recover $30m from Ronin Loot
Blockchain analytics and security service provider, Chainalysis has helped in the recovery of $30 million in funds stolen from the Ronin Bridge by the elite North Korean hacking outfit, Lazarus Group.
ADGM Partners with Solana (SOL) Foundation to Boost Blockchain Innovation
Abu Dhabi Global Market (ADGM) has partnered with the Solana Foundation to advance distributed ledger technology (DLT) within its regulatory framework, marking a significant step in fostering blockchain innovation in the region.
DeFiance Capital Seeking $100M in Funding to Invest in Liquid Tokens
Crypto Venture Capital firm, DeFiance Capital is in the process of raising as much as $100 million as it looks to invest in “Liquid Tokens.”
Blockchain Allowed 17 Million People to Travel Between Macau and China During Coronavirus
A blockchain-powered QR health code system has been instrumental in enabling at least 17 million people to travel between the Chinese mainland and Macau since May.
dYdX Initiates Token Migration Following Layer-1 Blockchain Inception
Antonio Juliano, dYdX founder, has flagged an upcoming large-scale migration of locked $DYDX tokens to the dYdX Chain following its recent launch. This migration, strictly abiding by legal agreements, marks a significant phase in dYdX's transition to a layer-1 blockchain, amplifying the utility of DYDX tokens for staking and governance purposes.
Is Bitcoin’s True Power Being Revealed as COVID-19 Market Crisis Sends Oil Futures Price Below Zero?
As WTI crude oil futures plummeted into negative territory, the pioneer cryptocurrency Bitcoin hardly seemed to notice, recording only a minor correction and dipping under 7k.
CUHK Pairs with ConsenSys To Launch Blockchain-based Covid Digital Health Passport
The Chinese University of Hong Kong and an Ethereum technology company-ConsenSys have launched a blockchain solution-based digital health passport for trial to record all Covid-19 related activities.
Bitcoin Hits a Five-month Low of $39,650, Leading to $323M Liquidation for Crypto Traders
Bitcoin prices hit a five-month low of $39,650 on Monday, before briefly dipping 40K before bouncing back to the $41.5K level with over 103,839 traders were liquidated in the past 24 hours, valued at$329.63 Million.
Ex-Cambridge Analytica Employee Confident that Blockchain Can Help Protect Personal Data
Brittany Kaiser, the Cambridge Analytica scandal whistleblower discussed in an interview at the World Economic Forum that blockchain technology could be an important tool to address data protection issues.
Bitcoin Price Nears $12,000 at Monthly Close—What are Analysts Predicting?
Bitcoin (BTC) remained under the resistance level of $12,000 at its August monthly close. What are analysts predicting?
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.
Hyperledger's Brian Behlendorf on Blockchain Interoperability, China's BSN, ID2020 and CBDC
Brian Behlendorf, Executive Director of Hyperledger discusses open-source software development and blockchain technology, China's BSN, ID2020, and CBDC.
Twitter Hack Goes Viral as Bill Gates, Elon Musk, and Biden Hit by Massive Bitcoin Scam
Twitter has gone haywire as news of a Bitcoin scam hack targeting multiple high-profile figures such as Bill Gates, Elon Musk, Joe Biden, Jeff Bezos, and even multinational tech company Apple has broken out.
Daphne Kwon to Serve as GM for Flipside Crypto's DAO Initiatives
Blockchain analytics startup Flipside Crypto has tapped Harvard Business School alum, Daphne Kwon as its new general manager to handle its decentralized autonomous organization (DAO) initiatives.
Bitclub Crypto Ponzi Scheme Suspects Petition Court For Release Citing Coronavirus Fears
Two men accused of operating a crypto Ponzi scheme, the BitClub Network, which defrauded thousands of investors out of $722 million, have requested a New Jersey federal court to grant them a temporary release. The two prisoners have petitioned a New Jersey federal judge as they fear they could contract the coronavirus if they are not freed from the enclosed county jail environment.
How This Startup’s Blockchain Technology Applications in Estonia Verifies Online Identities
There are so many problems in the world. I’m sure you can name them. But here is another one: online identity fraud, which is rampant these days. It’s common, threatening everyone doing business online, especially businesses involving their activities in banking/financial services, online payment services, real estate, insurance, travel, and online market industries. Now, let's take a look at how this Estonian startup utilizes blockchain technology to help protect businesses and their clients from online identity fraud.
Crypto-Candidate Andrew Yang Officially Withdraws, Blockchain Loses Ally
Crypto-Candidate Andrew Yang Officially Withdraws, Blockchain Loses Ally
TRON Founder Justin Sun Offers Bounty Reward for Twitter Bitcoin Scammers
As distressed Twitter users scrambled to get a sense of the recent Bitcoin attack that happened earlier this week, TRON founder Justin Sun spoke up and offered a $1 million bounty reward for whoever was able to uncover the identities of those behind the Twitter mass hack.
Chinese President Xi Jinping: Participate in Making Digital Currency and Digital Tax's International Rule Actively
Xi Jinping will publish an article entitled "Several Major Issues in the National Medium and Long-term Economic and Social Development Strategy“ on November 1 on Qiushi Journal. In the article, he mentions the digital economy and digital currency
Solidus Labs Reports $2 Billion in Wash Trades on Decentralized Exchanges
Solidus Labs has revealed that at least $2 billion worth of cryptocurrency has been wash-traded on Ethereum-based decentralized exchanges (DEXs) since 2020. The study analyzed 30,000 DEX liquidity pools, finding 67% were tainted by wash traders. Solidus Labs has developed tools to identify and counteract market manipulation, including Token Sniffer and DEX-based A-A Wash Trading Detection. The partnership aims to ensure safe crypto trading across both centralized and DeFi markets.
Trump Pushes Federal Reserve For Negative Interest Rates, Bitcoin's Anti-Inflation Mechanism Shines
The potential for negative interest rates on the US dollar highlights the strength of cryptocurrencies like Bitcoin, which have anti-inflationary mechanisms built-in.
Fidelity Seeks SEC Nod for Staking in Proposed Ether ETF for Enhanced Yields
Fidelity Investments aims to add staking to its Ether ETF, pending SEC approval, potentially offering investors a new revenue stream.
CoinMarketCap CSO, on DeFi for Fostering a More Open Economy
Following part one of our interview with Carylyne Chan, the Chief Strategy Officer at CoinMarketCap, she elaborated on seizing market opportunities in decentralized finance (DeFi) with a new product, Interest by CoinMarketCap. She also outlined the potential effects of staking regarding CMC’s operations and plans for 2020.
Covid-19 and DeFi — TokenInsights Releases Q2 2020 Report on Decentralized Ecosystem
TokenInsights has released their Q2 2020 DeFi industry report to shed some light on the fast-moving Decentralized Finance (DeFi) ecosystem and how it withstood the onslaught of the COVID-19 market.
Fidelity Institution's President Advocates Room for Consumers to Acquire More Crypto
Fidelity Institutional boss, Michael Durbin is advocating more crypto allocations for consumers
China Accounts for 65 Percent of Bitcoin’s Hash Power, New Research Reveals
An interactive map published by the University of Cambridge’s Alternative Finance Center (CCAF) revealed Chinese miners accounted for 65 percent for the global hashing power used by Bitcoin. The CCAF tracked mining data for over a year from websites like BTC.com, ViaBTC, and Poolin, with the premier university claiming the map is the first-of-its-kind effort in visualizing hash power data by geography.
Stock Market Responds Positively to President Joe Biden's Inauguration, but what about Bitcoin and Ethereum?
With the ascent of President Joe Biden into office, the stock market is bullish, but Bitcoin and Ethereum have failed to deliver as much of a gain.
Chinese President Advises the Government to Use Blockchain and Artificial Intelligence for Epidemic Prevention
During a recent inspection in Zhejiang, Chinese President Xi Jinping emphasized the necessity for the various decisions and arrangements of the government to plan for prevention and control of the coronavirus outbreak and economic and social development work.
Deloitte Partners With Chronicled to Fight Counterfeit Medication Using Blockchain Technology
Leading audit firm Deloitte has partnered with Chronicled, a San Francisco tech company, to address medication fraud and counterfeit drugs through blockchain technology. Chronicled will provide its blockchain-enabled network dubbed MediLedger that has been instrumental in the healthcare and life sciences sector.
Winklevoss Twins Brief David Portnoy on Bitcoin, BTC Talks Continue
American internet celebrity David Portnoy officially hosted the Winklevoss Twins at his house for a long-due conversation regarding Bitcoin (BTC) and cryptocurrencies.
UAE Mall Majid Al Futtaim Signs Strategic Partnership with Binance Exchange
The partnership is a big step between Majid Al Futtaim and Binance, enabling customers of Majid Al Futtaim to enjoy a new shopping experience by enjoying web3 technologies.
Reserve Bank of Australia Meeting Finds No Strong Case for CBDC or e-AUD
The Reserve Bank of Australia has found no strong public policy-case to issue a retail central bank digital currency (CBDC).
CoinMarketCap Puts Wash Traders On Notice With New Metric
CoinMarketCaps new “Liquidity” metric will come down hard on exchanges that harbor wash traders.
UniPi: Revolutionizing AI with Text-Guided Video Policy Generation
UniPi's innovative AI approach combines text-guided video generation with policy-making, enabling broad applications in robotics and AI planning.
Yuga Labs' Otherdeeds Sold Out as the Startup Cashes in Over $320M
Yuga Labs, the blockchain startup in charge of the Bored Ape Yacht Club (BAYC) Non-Fungible Token (NFT) collection and ecosystem has made history yet again with the successful sales of Otherdeeds, the gateway to the Otherside metaverse announced back in March
Hong Kong SFC Agrees in Principle to License Fidelity Backed OSL Crypto Firm
Hong Kong’s Securities and Futures Commission (SFC) has agreed in principle to license the cryptocurrency firm OSL Digital Securities.
Fidelity Launches Cryptocurrency Custody Business
In a rare interview with Fidelity Investments CEO Abigaile Johnson, the Financial Times revealed that the Boston-based asset management giant is “now engaged in a full rollout” of its cryptocurrency custody and trading service.
WeChat Pay and Alipay May Have Helped China to Track Coronavirus Victims Through Digital Payments
With the novel coronavirus infecting more than 75,000 people around the world, and with the majority of the Chinese population in the Hubei province infected, authorities in the nation decided to track everyone who bought fever medicine in the province.
Aura FAT SPAC Pulls $115m in IPO, Planning to Merge Crypto Firm
Cayman Islands incorporated SPAC Aura FAT Projects Acquisition Corp has announced its successful IPO on the Nasdaq Exchange where it raised the sum of $115 million.
Tether Launches USDT on Kava Blockchain
Tether Operations Limited (Tether), the company behind the renowned blockchain-powered platform tether.to and the world's leading stablecoin, has revealed its plans to introduce U.S. dollar-pegged Tether tokens ("USDT") on Kava. Kava is a layer-1 blockchain specifically designed to offer scalability and high speed.
Former Coinbase Product Manager Sentenced to Prison for Insider Trading Scheme
Ishan Wahi, a former product manager at Coinbase, has been sentenced to two years in prison for his role in an insider trading scheme that involved using confidential information obtained during his time at Coinbase. Wahi, along with his brother and an associate, allegedly used the information to profit off new token listings, totaling up to $1.5 million.
Belarus President Alexandra Lukashenko Urges His Citizens to Embrace Bitcoin Mining
The president of Belarus, Alexandra Lukashenko, is urging his citizens to take advantage of cheap electricity in the country to do crypto mining instead of seeking jobs abroad.
Bitcoin Price Crashed $850 After Biden was Confirmed as the US President-Elect, but BTC Still Set to Rally
Biden has become the new president of the United States, winning over the electoral votes in Georgia and Pennsylvania. How will Bitcoin's price respond?
Atlético Madrid, AS Roma and OG Crypto Fan Token Prices Plunge Following Binance Listing
Champion Esports team OG (OG), Atlético Madrid (ATM) and AS Roma (ASR) crypto fan token prices have begun to plunge immediately after being listed on Binance.
Cosmos Hub Introduces New Liquid Staking Module and Dashboard Features
Cosmos (ATOM) Hub has completed its v12 upgrade, introducing the Liquid Staking Module (LSM) to bypass the 21-day unbonding period for unstaking assets. This innovation aims to enhance the ATOM Economic Zone and integrate staked ATOM into the Cosmos decentralized finance ecosystem. Governance measures ensure security, and an enhanced dashboard, "Data Lenses v2," was launched for improved user experience.
UAE Leverages Blockchain, Robotics and 3D Printing to Flatten Coronavirus Curve
The United Arab Emirates (UAE), through in5, a startup incubator for nurturing businesses and ideas, is deploying blockchain, robotics, and 3D printing technologies to instigate the wellbeing and safety of its citizens amid the coronavirus (COVID-19) pandemic.
Total Value Locked in Maker Reaches a Record High as Maker Foundation Returns Dev Fund to DAO
Maker's total value locked (TVL) surged to $12.02B, hitting a record high amid Maker Foundation's announcement that it would refund 84,000 MKR from the development fund to the MakerDAO.
Debunking Overblown Claims on Crypto and Terrorism Financing
Chainalysis debunks inflated claims on cryptocurrency's role in terrorism financing, emphasizing the predominant use of traditional fiat-based channels by terrorist groups. The analysis highlights the challenges and common misconceptions in tracing terrorist fund flows on the blockchain, particularly concerning service provider identification.
Ethereum's Layer 2 Debate: Buterin Aligns with Daniel Wang on Validium Classification
Vitalik Buterin agrees with Daniel Wang on classifying Ethereum rollups using external data chains as validiums, not traditional rollups. This debate underscores the nuances in Ethereum's layer-2 scaling solutions, focusing on security and scalability trade-offs.
Brock Pierce Running for President to Bring Blockchain Technology to the Forefront
Speaking at the Unitize conference on July 7, Brock Pierce discussed his motivations for his sudden entrance into the presidential election. Despite being extremely unlikely to win, Pierce believes his campaign will serve as an inspiration to younger voters as well as highlight the benefits of blockchain.
One-third of Staff Laid Off in Digital Investment Group NYDIG: WSJ
Wall Street Journal citing sources revealed that the New York-based digital investment group NYDIG laid off nearly a third of its workforce, about 110 people in total.
Investors Flock to US Money Market Funds Amid Banking Crisis
Amid banking crisis fears, investors have poured $286 billion into US money market funds in March, with Goldman Sachs, JPMorgan Chase, and Fidelity among the biggest winners. These funds are offering high liquidity and low risk, making them popular during uncertain times.
Why Sora is A Breakthrough in AI Video Generation?
OpenAI's Sora, a text-to-video generative AI model, marks a breakthrough in AI's ability to create realistic video scenes from textual prompts, with implications across creative industries and education.
Judge Considers Dismissing Shaquille ONeal and Naomi Osaka from FTX Lawsuit
A federal judge in Florida is considering dismissing Shaquille O’Neal and Naomi Osaka from the FTX lawsuit due to uncertainty about whether they were served. The judge reprimanded other celebrity defendants for not following proper procedure in requesting a conference extension. A consolidation request by some plaintiffs against FTX was denied, and lawyers for former FTX CEO Sam Bankman-Fried noted the possibility of pushing back the criminal trial scheduled for October 2023.
Galaxy Asset Mgmt Secures FTX Crypto Sale Bid; Weekly Cap Set at $50M
Jeff Dorman, CFA and CIO of Arca, discusses the court-approved sale of FTX's crypto assets by Galaxy Asset Management. The sale is expected to be gradual and opportunistic, with a maximum sale of $50 million per week. Galaxy's goal is to outperform a static portfolio, not converting the estate into a L/S fund. The sales process is expected to be systematic, strategic, and potentially slower than expected.
FTX to Sell Remaining Interest in Sequoia Capital to Abu Dhabi Sovereign Wealth Fund
FTX has struck a deal with a company owned by the government of Abu Dhabi to sell its remaining interest in venture capital firm Sequoia Capital for $45 million. The deal is subject to approval by the Delaware bankruptcy judge and is part of FTX's efforts to liquidate its investments to pay off its debts to creditors. Meanwhile, Voyager Digital has agreed to set aside $445 million after being sued by Alameda Research over loan repayments.
Thailand Finance Ministry Eyes Blockchain Technology to Revamp Service Delivery
Uttama Savanayana, Thailand’s Finance Minister, has revealed that his ministry wants to use blockchain technology for system upgrades intended for optimal service delivery to citizens.
Billionaire Shark Tank Investor Mark Cuban Changes Tune on Bitcoin as Store of Value
Mark Cuban, a billionaire entrepreneur who is famed for his investor role on Shark Tank - where aspiring entrepreneurs pitch their business models -has watered down his Bitcoin criticism as he views it as a store of value.
Bitcoin ATMs Reign Supreme in East and South London
The confidence of residents of East and South London has been boosted as they no longer have to fear crypto scams based on the flourishing number of Bitcoin ATMs. Based on statistics availed by BCB ATM, an operator of Bitcoin ATMs in East London, these machines are used 30 to 40 times daily.
Vietnam Launches a National Enterprise Blockchain Platform as it Eyes a Global Top 50 Slot
The Ministry of Information and Communications in Vietnam is building an enterprise blockchain platform dubbed akaChain in line with its national program.
India Cryptocurrency Ban Resurfaces, Traders and Miners to be Targeted This Time
India is out again to ban cryptocurrencies with a target on traders and miners.
LINE Messaging App Launches Digital Asset Wallet and Blockchain Platform to Run Dapps and Tokens
LINE communications app recently launched a new blockchain digital wallet that can be used to manage various crypto assets.
Data-Hungry: Official Trump 2020 Election App Collects User Data of Voters
US president Donald Trump’s campaign app “Official Trump 2020 App” raised a lot of skepticism, as it has been uncovered that the election app collected mast amounts of sensitive information on his voters.
Cardano’s Shelley Hard Fork Successful, Network on its Way to Become the World’s Financial Operating System
Cardano’s second developmental phase, Shelley has been successfully launched, the hard fork was successful in transforming Cardano into the Shelley era from Byron.The hard fork took Cardano from its Byron era to Shelley, to enable the network to become more decentralized and autonomous.
XRP Status Classified as Unclear, Meanwhile Analysts Say XRP Price Could Jump to $0.30
The US Commodities and Futures Trading Commission (CFTC) Chairman Heath Tarbert indicated in an interview that the status of XRP has been classified as unclear. He said, “It’s unclear. Stay tuned I’d say. Part of the issue is that our jurisdiction we share with the SEC (Securities and Exchange Commission). If it’s a security, it falls under their jurisdiction. If it’s a commodity, it falls under ours.”
‘The SEC Has to Give its Decision: Yes or No’ to Bitcoin ETF Approval, says Bitwise
The Securities and Exchange Commission (SEC) previously set an Oct. 13 deadline for approving Bitwise Investments’ Bitcoin exchange-traded fund (ETF). With Bitcoin’s high volatility this year, its performance in 2019 remained bullish, although falling by over 20% in one week in September. Bitcoin reached its lowest level in July while hitting its high of over $11,000 in June 2019.