The use of artificial intelligence (AI) in creating content has caused disagreements over its use of protected material. To address this issue, the European Union (EU) has created a draft law to manage the use of AI tools in these situations. This bill is a part of the EU’s Artificial Intelligence Act and was first…
Signature Bank failed partly because it had too many deposits related to cryptocurrency, according to the Federal Deposit Insurance Corporation. A bank regulator said on Friday that Signature Bank failed because its managers made mistakes and because of the negative impact of the failure of Silicon Valley Bank and the closure of Silvergate Bank. The…
The person who started Tornado Cash, named Alexey Pertsev, has posted a message on Twitter for the first time since he was put in jail by the police in Amsterdam. A person named Alexey Pertsev, who created something called Tornado Cash to mix cryptocurrencies, has posted a message on Twitter for the first time since…
In June, PayPal introduced a feature that lets people transfer cryptocurrency. Now, people in the US who use Venmo (a money transfer app) will also be able to transfer cryptocurrency. Venmo users can now send cryptocurrency to wallets outside of the Venmo app. About a year after PayPal let people move cryptocurrency between its platform…
The Bitcoin network is doing well, and the mining difficulty has gone up because of the recent adjustment made by the protocol. According to data from Glassnode, a crypto on-chain analytics platform, the new adjustment has made it harder to mine a block, and it now requires a very large number of hashes, which is…
Mastercard plans to work with more crypto companies to expand its payment card programme for cryptocurrencies. Mastercard, a big company that processes payments, plans to expand its involvement in the cryptocurrency industry by partnering with more crypto companies. They will work on increasing their cryptocurrency payment card initiative. Visa, another company that processes payments, is…
After OKX and Huobi, many other crypto exchanges are planning to add Shiba Inu’s BONE token to their platform. However, it’s still uncertain if Binance will also list BONE on its platform. Several cryptocurrency exchanges are planning to add meme coins like Shiba Inu, Dogecoin, FLOKI, BONE, and PEPE to their platform due to the…
The process of mediation can only begin once all parties involved in the Genesis Bankruptcy agree on a mediator and officially request the U.S. bankruptcy court’s approval. Lawyers for the bankrupt crypto lender, Genesis Global, said during a hearing on Friday that the company, along with its creditors and other parties, has agreed to a…
Visa, a company that allows people to make payments using credit cards and other electronic methods, has announced a new project in Brazil related to digital money. This new project uses a technology called blockchain, which helps keep digital transactions secure. The project also involves working with the central bank of Brazil to create a…
“Here are the top 10 Layer 1 blockchain ecosystems ranked by Total Value Locked (USD) and number of cryptocurrencies:” Rank Layer 1 Ecosystem Total Value Locked (USD) No. of Cryptocurrencies 1 Ethereum 32.1B 3578 2 BNB Chain 5.1B 2992 3 Avalanche 865.5M 343 4 Fantom 470.7M 268 5 Cronos 377.5M 82 6 Solana 293.1M 149…
Hong Kong’s central bank is telling banks to start providing services to cryptocurrency companies even if they haven’t received their license yet. Hong Kong’s central bank and regulator, the HKMA, has requested that banks offer their services to companies dealing with cryptocurrencies. On April 27, the Hong Kong Monetary Authority (HKMA) issued a document about…
A measure called the “LTH-SOPR” is showing that people who have held onto Bitcoin for a long time are selling it at a profit. This means that the time when the value of Bitcoin was going down a lot (called a “bear market”) might be over now. People who have owned Bitcoin for a long…
Last November, the biggest website for buying and selling digital money bought a smaller website called Sakura Exchange BitCoin. On Friday, it was announced that Binance, which is the biggest website for buying and selling digital currencies, will soon start working in Japan. Last November, Binance bought a regulated digital currency exchange called Sakura Exchange…
The people who made Zcash made a new version called 5.5.0. They want to make sure it works well and is easy to use. Electronic Coin Company (ECC), the company that created Zcash, said that Zcash has a new version of its full node software. They announced this on Thursday. New release: zcashd 5.5.0 is…
Cooper Morgenthau took $5 million from three companies and used most of it to buy cryptocurrencies and “meme stocks.” He did something wrong by taking the money and lost almost all of it. The Department of Justice (DOJ) said on April 27 that Cooper Morgenthau used to work as a CFO at African Gold…
Dogecoin is now available on Binance alongside the USDT and BUSD trading pairs. The TUSD trading pair for Dogecoin will be live on April 27. Binance, the largest cryptocurrency exchange in the world, announced on Thursday that it will add a new DOGE/TUSD trading pair. This addition is an attempt to increase the trading volume…
Cogni, a neobank, has launched a new feature for its noncustodial crypto wallet users. Customers will be able to receive soulbound NFTs, which include information from the KYC protocol that the bank carried out when they created their account. The NFTs will be created on the Polygon network, allowing customers to convert their Web2 KYC…
The government of Santa Cruz in California has decided to use blockchain technology for their services. The board members voted unanimously to use digital wallets for official documents and services during a meeting on April 25, 2023. Starting from July 2023, the County of Santa Cruz in California will launch a three-stage pilot program to…
iZUMi Finance raised $22 million to launch iZiSwap Pro, a decentralized exchange operating on the zkSync Era network’s order book. iZiSwap Pro is a part of iZUMi Finance, which is a service that provides liquidity all in one place. Semi-fungible tokens were issued for fundraising iZUMi Finance, a DeFi protocol, raised $22 million to improve…
Bitget crypto exchange has announced that Hong Kong residents will not be able to access its services through its main platform, Bitget.com, as the launch date of Hong Kong’s virtual assets service provider (VASP) regime gets closer. To comply with Hong Kong’s virtual assets service provider (VASP) regime, Bitget crypto exchange has made a new…
Crypto.com and Samsung are working together on a new update (Version 3.158.1) for the Crypto.com app. The new Crypto.com app update will be better for Samsung Galaxy Z Fold devices, such as the new Galaxy Z Fold4. Crypto.com has stated that the new app update (released on April 27) will give users a better trading…
On Thursday, Senators Kirsten Gillibrand and Ted Budd, along with Congressmen Zach Nunn and Jim Himes, proposed a new law (bill). A group of politicians from both the U.S. Senate and House of Representatives introduced a new law (bill) on Thursday. This law would ask the federal government to research how people might be using…
Zodia Custody is planning to use some money to expand the number of digital tokens that it can manage and improve its product called Interchange, which helps to transfer those tokens securely. Zodia Custody, a company that stores cryptocurrencies, has received $36 million from two investors: SBI Holdings, a financial services firm based in Japan,…
Google made a change to its Authenticator app that lets users keep a “one-time code” in the cloud. This change is meant to help people who lose their phone or device that had their authenticator. They can still get into their accounts with this code. Google says that storing the code in a person’s Google…
Bitget, a company that allows people to trade cryptocurrency, has promised to give $10 million to help build something called the Fetch.ai ecosystem. This is because there is a growing interest in tools that use artificial intelligence, like ChatGPT, and Fetch.ai is one of those tools. They made this announcement on April 27th. Fetch.ai has…
Crypto prices rose overnight and into Wednesday morning, as bitcoin and ether gained value. Bitcoin was worth $28,330 at 3:30 a.m. EDT, an increase of 3.7% over the previous day. This bump in value came amid issues at First Republic, a U.S. bank that saw $102 billion in deposit outflows during the first quarter of…
Alphabet’s technology conglomerate, Google, has expanded its Google for Startups Cloud Program to include Web3 companies. This move will provide benefits to firms working on Web3 applications that utilize blockchain technology, such as Alchemy, Aptos, Base, Celo, Flow, Hedera, Nansen, Near, Polygon, Solana, and Thirdweb. We are very excited to team up with @googlecloud in…
Romania has recently launched a new online platform for trading NFTs (non-fungible tokens), which is meant for use by institutions. This is the first time Romania has made a move into the world of Web3 technology. NFTs are unique digital assets that can be bought and sold, and are often used in the art world….
Recently, the cryptocurrency Arbitrum (ARB) gave away 90.15 million tokens to its community through an airdrop. The tokens were sent to 131 addresses belonging to DAOs (decentralized autonomous organizations), and the total value of the tokens distributed was approximately $118 million. Right after the airdrop, someone who goes by the name “TRIDENT” sold 131,345 ARB…
The CEO of RockTree Capital, Omer Ozden, has asked the regulators and financial institutions in Hong Kong to support the use of web3 technology. He believes that this will make Hong Kong a central hub for crypto capital markets, which will help to improve its position in the global market. Omer Ozden was invited to…
The European Parliament recently approved a set of regulations called MiCA. This is causing the French financial authority to look for ways to help companies quickly follow these regulations if they are already registered. The French Financial Markets Authority (AMF) released a statement on April 21 expressing its happiness with the adoption of MiCA regulations….
There was a platform called Ordinals Finance where people could trade Bitcoin inscriptions. They used Ethereum to do this. But now, the platform has deleted its Twitter and Telegram accounts, and it seems like they have taken away $1 million from users. This information was shared by a company called CertiK, which helps keep blockchain…
On Monday, Coinbase, which is a top cryptocurrency exchange, took legal action against the SEC by filing a lawsuit. The lawsuit was filed in response to a petition that was submitted in July 2022 requesting regulatory clarity from the SEC regarding the regulation of securities traded through digital means. The petition had asked whether the…
According to a recent tweet from the Shibburn crypto tracking service, the activity of the SHIB army in burning Shiba Inu has decreased. The tweet stated that during the past seven days, slightly more than 303 million SHIB meme coins were removed from circulation, which is significantly less than previous weeks in March and this…
A Binance executive has claimed that the former head of FTX, Sam Bankman-Fried, regularly spread false rumors and denigrated his rival, Binance CEO Changpeng Zhao (CZ). The executive referred to CZ as SBF’s ‘Darth Vader’. This behavior reportedly occurred before the collapse of SBF’s FTX and Alameda Research empire. A great read by @WilliamCohan at…
Initially, the derivatives platform will offer a perpetual contract for BTC that is denominated in Gemini Dollar, and subsequently, it will introduce an ETH/GUSD perpetual contract. On April 21, Gemini, a crypto exchange based in the United States, revealed its plans to launch a derivatives platform in international markets. This move comes amidst an uncertain…
The world of finance is ever-evolving, and the rise of altcoins is proof of that. Altcoins, or alternative cryptocurrencies, are digital assets that function as an alternative to traditional forms of currency like fiat money. With the increasing popularity and adoption of cryptocurrencies like Bitcoin and Ethereum, altcoins have emerged as a disruptive force in…
Cryptocurrencies have gained significant attention in recent years, with Bitcoin being the most well-known among them. However, beyond Bitcoin, there is a world of altcoins – alternative cryptocurrencies that are gaining popularity and changing communities in various ways. Altcoins are digital currencies that operate on blockchain technology, just like Bitcoin, but with different features and…
Cryptocurrencies have gained widespread attention and popularity over the past decade, with Bitcoin being the pioneer in the field. However, in recent years, several alternative cryptocurrencies, commonly known as altcoins, have emerged and gained traction among investors and enthusiasts. As the cryptocurrency market continues to evolve, the debate between altcoins and Bitcoin’s potential for growth…
In the world of technology and finance, blockchain has emerged as a disruptive innovation that promises to revolutionize industries and reshape our understanding of trust and security. However, amidst the hype and excitement surrounding blockchain, a question that often arises is: Can blockchain be hacked? In this blog post, we will delve into the intricacies…
In recent years, there has been a surge in interest and investment in cryptocurrencies, with Bitcoin being the most well-known and widely used cryptocurrency. As a digital currency, Bitcoin operates differently from traditional currencies, such as the US dollar, euro, or yen. In this comparative analysis, we will delve into the key differences between Bitcoin…
In recent years, blockchain technology has emerged as a game-changing innovation with the potential to revolutionize traditional business operations across various industries. From finance to healthcare, supply chain management to real estate, blockchain is transforming the way businesses operate by increasing transparency, security, and efficiency. Exploring Blockchain Use Cases by Industry In this comprehensive blog…
In the world of cryptocurrencies, finding the right exchange can make all the difference. With hundreds of crypto exchanges available, each claiming to be the best, it can be overwhelming to choose the right one for your trading needs. Whether you’re a seasoned trader or a beginner looking to dip your toes into the world…