Crypto experts say investors are moving away from big exchanges like Binance and Coinbase and instead staking their ETH on decentralized options due to regulatory worries and the potential for bigger rewards. Blockchain data indicates that since the Shanghai upgrade of Ethereum, centralized crypto exchange giants Binance and Coinbase have experienced large outflows of staked…
The Biden government wants to introduce a new tax that was suggested in a budget proposal. They want people who create cryptocurrency to pay 30% of the money they spend on energy. The White House’s Council of Economic Advisers (CEA) stated in an online post on Tuesday that U.S. President Joe Biden wants to introduce…
When there were fewer job opportunities available, the value of the two biggest cryptocurrencies in terms of money went up. On Tuesday, there was a report that showed there were not many job vacancies available, and as a result, the values of Bitcoin and Ether, which are two of the biggest cryptocurrencies, went up by…
Sports Illustrated, a U.S. sports magazine, has joined forces with ConsenSys, a software company that uses Ethereum, to create a ticketing marketplace called “Box Office”. They have now introduced a new way to buy tickets using non-fungible tokens (NFTs) on the Polygon network, which is a tool that helps Ethereum work better. Sports Illustrated’s ticketing…
The UK’s tax authority is asking people for their opinions on proposed new rules, which are designed to make it easier for people who use cryptocurrencies to pay their taxes. UK tax advisors have praised new proposed rules that would reduce the tax burden on crypto users who engage in decentralized finance (DeFi) lending and…
Revolut, a digital bank that allows crypto investments, has entered the Latin American market by launching its services in Brazil. This move aims to cater to the increasing demand for cryptocurrency assets in the country. Revolut already offers crypto investment options to its European clients. Revolut, a digital bank that offers crypto investments across Europe,…
The founders of 3AC’s OPNX Exchange, Kyle Davies, Su Zhu, and others, have been formally reprimanded by Dubai’s Virtual Assets Regulatory Authority for running an unregulated exchange, following two cease-and-desist letters. Dubai’s cryptocurrency regulator has issued a formal notice to OPNX, a bankruptcy claims exchange created by the founders of the failed hedge fund Three…
ByBit, a cryptocurrency exchange based in Dubai, has launched a service where users can lend out their cryptocurrencies for interest. This puts ByBit in the same group as other major exchanges that already offer similar services. ByBit has launched a new cryptocurrency lending service for its users, following in the footsteps of several other major…
Even though Coinbase’s shares have fallen because of its legal issues with the SEC, Cathie Wood still thinks the crypto exchange will do well. ARK Invest, a company started by famous investor Cathie Wood, bought shares of Coinbase, a company that lets people trade cryptocurrencies, on International Workers’ Day. On May 1st, ARK Invest bought…
According to a company that analyzes blockchain data, more than 50 people have over $1 million worth of PEPE. The Pepe meme coin, which is based on the Ethereum platform, has been doing really well in the digital currency market lately. This has caused some people to make a lot of money and become millionaires….
“This Morning’s Alert: 500 Million XRP Tokens Worth $235 Million USD Released from Unknown Wallet’s Escrow” XRP Drops 4.05% in 24 Hours to $0.4614 Following Release of 500 Million Tokens. It’s Important to Note that Ripple Labs Regularly Releases Escrow Funds as Part of Monthly Allocation, Even if Wallets are Marked Unknown. 500 Million XRP…
The BRC-20 and ERC-20 standards may sound similar, but they are not the same. The BRC-20 does not have the capability to communicate with smart contracts, while the ERC-20 can. The demand for “Bitcoin Request for Comment” or BRC-20 tokens has increased dramatically, causing their market value to rise by several hundred percent. These tokens…
Legal documents filed in court are calling for a solution to a problem that could be important for customers and investors of Celsius, a cryptocurrency lending platform. Crypto lending platform Celsius wants to merge its U.K. and U.S. entities. However, court filings claim that the difference between the two companies was not real, and merging…
MicroStrategy has published its revenue report for the first quarter. MicroStrategy is still dedicated to Bitcoin. MicroStrategy, a data analytics company, released its financial report for the first quarter of 2023. The report showed a net income of $461.2 million, or $31.79 per share, in comparison to a net loss of $130.8 million for the…
A group of people are trying to sue Coinbase together because they believe the company broke the rules on privacy in Illinois. They say that Coinbase took their fingerprints and facial scans and kept them without their permission. A lawsuit that many people want to join says that Coinbase broke the law in Illinois when…
The boss of IBM, Arvind Krishna, has stated that in the next five years, about 30% of their jobs that don’t involve directly interacting with customers could be replaced by artificial intelligence. IBM plans to temporarily stop hiring people for “back-office” jobs that could be done by artificial intelligence (AI) instead. During an interview with…
In a recent interview, Coinjar CEO and co-founder Asher Tan said, “While other exchanges are concerned about regulation, we see it as an opportunity.” The CEO of Australian cryptocurrency exchange, Coinjar, is not worried about the risks associated with regulations as the exchange plans to expand its presence in the United States. Coinjar CEO and…
Dr. Geoffrey Hinton has spent his entire life working on artificial intelligence, but he’s now raising concerns about how dangerous this technology could be. A pioneer in the field of Artificial Intelligence (AI), who is known as the “Godfather of AI,” has resigned from his job at the large technology company Google. He wants to…
Meta, formerly known as Facebook, has asked the United States Securities and Exchange Commission (SEC) for permission to sell new debt securities in the future. The company submitted a prospectus on May 1, saying it may sell these securities in one or more series. This allows Meta to register a new issue of securities without…
The EU will not completely ban high-risk AI tools, but they will have to follow stricter transparency rules. The European Union has drafted a new bill to regulate artificial intelligence technology. The bill does not completely ban high-risk AI tools, but they will have to follow stricter transparency rules. Generative AI tools, like ChatGPT and…
According to claims, Poloniex didn’t follow the rules of checking and verifying their customers’ identities correctly from 2014 to 2019. Poloniex LLC, a US company that was once related to Poloniex cryptocurrency exchange, has agreed to pay $7.59 million to settle allegations of breaking sanctions rules made by the US Treasury Department’s Office of Foreign…
Sotheby’s Metaverse has made a new online marketplace that lets people buy and sell art to each other using the Ethereum and Polygon networks. They choose the art that is sold on the marketplace. Image Source: Coindesk Sotheby’s is making a new online marketplace where people can buy and sell special art pieces that are…
People have put almost $4 billion into Binance’s Sui farming pools because they’re expecting to receive free tokens from the blockchain. Binance CEO Changpeng Zhao sent a message to Justin Sun, the founder of Tron, on May 1st. He warned him about depositing 56.1 million TrueUSD (a type of cryptocurrency) to Binance. The Binance CEO…
Blend is a new lending platform launched by the NFT Marketplace Blur. It enables collectors to purchase expensive NFTs with a smaller initial payment, similar to a down payment when buying a house. Blur, an NFT marketplace, has announced the launch of a peer-to-peer lending platform for NFTs called Blend. 1/ Introducing Blend: the Peer-to-Peer…
Bhutan is planning to use its vast hydroelectric power resources to generate positive and sustainable profits from different assets, including cryptocurrency. Bhutan’s investment division has been mining bitcoin for a few years now in order to diversify its portfolio, using its large hydroelectric network to generate sustainable returns across different asset classes. According to The…
Bit Mining has released new machines for mining Dogecoin and Litecoin, which are the latest versions of their mining devices. BIT Mining has created new and improved mining machines for the cryptocurrencies Dogecoin and Litecoin. The LD4 is the latest version of their ASIC mining machines, which are specifically designed to work on the DOGE…
Here are five free courses and certifications that can help you learn more about artificial intelligence and machine learning: These courses are available for free and can provide valuable knowledge and skills in the field of artificial intelligence and machine learning. It’s important for people, whether they are tech-savvy or not, to learn…
“Binance CEO Changpeng Zhao stated on Twitter that Binance Launchpool is intended for all retail users, not just a select few whales, after Justin Sun transferred $56 million in TUSD to Binance.” Justin Sun, the founder of Tron, tweeted that he will be fully refunding a $56 million transfer to Binance exchange platform. He took…
Bitcoin has had a good month again, which means April is the fourth month in a row with gains, as per Coinglass data. Bitcoin’s positive performance in the last four months has continued despite a banking crisis. This shows that the closure of Silvergate and Silicon Valley did not have any impact on Bitcoin. Bitcoin’s…
Binance CEO CZ has warned Justin Sun and other large cryptocurrency holders not to misuse the SUI airdrop given out by Binance Launchpool, or else he will take action against them. Binance CEO, Changpeng “CZ” Zhao, warned Justin Sun, the founder of Tron, not to misuse the Binance Launchpool’s SUI airdrop, which started on May…
The regulatory body is thinking about allowing digital asset exchanges to operate on a trial basis. Nigeria’s Securities and Exchange Commission is thinking about allowing the offering of tokenized coins that are backed by equity, debt or property, but not cryptocurrency. These offerings would be available on licensed digital asset exchanges, and the regulator is…
In April, the daily record for new inscriptions was broken four times. The amount of Bitcoin transactions is very high, possibly even the highest it has ever been. On Saturday, there was a significant increase in the use of Ordinals, a technology that records digital assets on Bitcoin, making assets similar to NFTs on Ethereum….
Pepe (PEPE) is now trading with higher volumes than Shiba Inu and FLOKI. The Pepe cryptocurrency will now be available for trading on the exchange, and can be traded for USDT. Many crypto exchanges are adding meme coins to their listings as they gain popularity in the market. Pepe (PEPE) has recently become more popular…
Russian authorities plan to create a committee to issue permits to companies that use cryptocurrency for international trade transactions. A top government official in Moscow has said that while cryptocurrency may be risky for investors, it can still have practical applications in settling international transactions. Russia Plans to ‘Experiment’ With Cross-Border Crypto Payments Amid Sanctions…
Block has finished creating a new prototype of its ASIC chip. This will help them bring an “open source” Bitcoin mining machine to market faster. Block, a company owned by former Twitter CEO Jack Dorsey, has finished designing a prototype for a new Bitcoin mining chip that uses 5nm technology. The company claims that this…
ChatGPT predicts a 15% chance of Bitcoin becoming irrelevant and its prices dropping 99.99% by 2035. A person from Coinbase says they found a way to use ChatGPT to predict the likelihood of unusual crypto price situations. They call it a “jailbreak.” Conor Grogan, who is the head of business operations at Coinbase, posted a…
The SEC caught Coinme, a company that operates crypto ATMs and exchanges, for breaking the law by selling a cryptocurrency token and making false statements about it. Coinme, a crypto exchange, has been fined almost $4 million by the US securities regulator for selling unregistered securities and making false statements about its crypto token UpToken…
“OKX, a company that lets you buy and sell cryptocurrencies, is using a new and advanced way to prove that they have enough cryptocurrency to cover all their customer deposits. This new method, called zk-STARK, helps ensure that customer’s cryptocurrency deposits are secure and protected.” This method helps OKX prove that they have enough…
Liqwid Finance, a protocol based on Cardano, has seen an 80% increase in the total value locked (TVL) during the month of April, according to a report released on April 30th. Liqwid Finance is a system that lets users borrow and lend digital assets without using a middleman. Liqwid Finance’s TVL rises 80% in April…
The lead developer of the project, Edward Kim, shared pictures of the whitepaper. To gain access, users need to deposit real LUNC tokens into a special burn address. “People are surprised to hear that Terra Classic may soon have its first AI-powered app chain. The lead developer, Edward Kim, shared images of the Block Entropy…
Twitter introduces payment feature for content creators. Exclusive access to creator’s private content now available for users. “Elon Musk, Twitter’s CEO, reveals new plan to support content creators and boost revenue. Twitter continuously adds innovative features to improve user experience and promote open conversations.” “With this update, cryptocurrency influencers and other creators on Twitter can…
YouTube quickly acted to prevent XRP crypto scammers from communicating with the subscribers of a hacked channel, thus containing the damage. A well-known YouTuber named DidYouKnowGaming got his hacked YouTube channel back from an unknown person who used the channel to promote XRP cryptocurrency scams, causing the XRP ticker to drop to $0.48. There has…
Litd is a tool that helps with managing nodes, and it makes certain tasks easier for users. The new account system now allows many users to use a single Lightning node. Lightning Labs, a company that works on Bitcoin technology, has improved the usability of its node management tool, Litd. The Lightning Network, which Lightning…
Today, the price of PEPE coin in the crypto market has reached an all-time high. According to Lookonchain, 100 billion PEPE were exchanged for 21 Ethereum (ETH) valued at $40,068.88 in the current market price. This guy sells $PEPE every time the price of $PEPE increases. He sold 100B $PEPE for 21 $ETH($40K) at $0.0000004007…
US House Committees plan to hold meetings in May to create clear rules for digital assets. The meetings will be held by the House Financial Services and Agriculture Committees, the Digital Assets, Financial Technology and Inclusion Subcommittee, and the Commodity Markets, Digital Assets, and Rural Development Subcommittee. The goal is to create a bill that…
Michelin, a tire company, will release a new set of digital collectibles called the “Michelin 3xplorer Club” as non-fungible tokens (NFTs) on the Ethereum blockchain. These NFTs will be available for purchase starting June 15, and only 5,000 of them will be made. The Michelin food guide might be related to the Michelin 3xplorer Club…
Paypal, a US-based fintech company, is expanding its crypto services to Venmo users. This new feature allows Venmo customers to transfer money to an external wallet, a Paypal account, or a cryptocurrency exchange. Previously, Paypal introduced the option to pay with cryptocurrencies on its platform. Venmo users can now send cryptocurrency to other Paypal users,…
On April 29th, 2023, at a certain time, the Bitcoin network reached a point where there are now less than 52,500 blocks left until the next “reward halving.” This is a cycle of 210,000 blocks, and when it’s done, the amount of Bitcoin given as a reward for discovering each block will be cut in…
The people who make Shiba Inu are creating a special wallet that will help keep people’s money safer. The new wallet will have really good technology and look nice too. It will be important for people who want to keep their money safe for a long time because there are more and more bad people…
Kenyan residents will now have to pay taxes on their cryptocurrency trades and exchanges, as per the recent decision by the government. The government official in charge of finance, the Treasury Cabinet Secretary, has announced the release of new rules that have been published. Kenya has put a new tax of 1.5% on cryptocurrency trading…