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 âCZâ Zhao, warned Justin Sun, the founder of Tron, not to misuse the Binance Launchpoolâs 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 âExperimentâ 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 Financeâs 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…
Big companies like Google, FTX, and Binance.US are making moves in the world of cryptocurrency. Google is helping blockchain startups through its Web3 program, while the UK government is putting money into AI to improve public services. FTX has sold its LedgerX exchange to M7 Holdings for $50 million, and Binance.US has cancelled its $1…
“People are worried about using things that belong to others without permission as more robots use AI to make new things. Lawmakers in Europe have made a plan to watch the companies that make the robots and the robots themselves to follow rules.” “The EU has made a new law for AI called the Artificial…
“ChatGPT, a talking robot made by OpenAI, was banned in Italy for breaking privacy laws, but the ban is over now. The Italian authorities said the robot was not transparent about how it uses people’s information and did not have age limits. OpenAI changed the robot to follow the rules, so Italy lifted the ban.”…
Yuga Labs has hired the vastly experienced Mike Seavers as its new CTO starting in May The company hopes the new appointment will help it scale up in years to come Yuga Labs, the company behind Bored Ape Yacht Club and Otherside, has hired Mike Seavers as its new Chief Technology Officer (CTO). Seavers…
Recent data shows that four lesser-known cryptocurrencies have been experiencing increased trading volumes on South Korean exchanges, suggesting a bullish trend for these coins. New data reveals that four not-so-popular cryptocurrencies are getting more trading activity on South Korean exchanges, which could mean that there is optimism around these coins. The four coins are QuarkChain…
Advocacy group for crypto regulation hires four new senior and research positions. Phi Labs, a company that helps develop the Archway Blockchain, has hired Dan Edlebeck to be their new director of ecosystem. Before joining Phi Labs, Dan Edlebeck worked at Sei Labs, a company that develops blockchain technology, where he held a similar position….
Everyone, including the government, banks, and companies that work with cryptocurrency, need to work together to find a way to help the UK become a leader in financial technology (fintech). Over the past few years, regulations for cryptocurrency have become stricter, which was necessary because of FTX’s failure. Having good regulations for the new cryptocurrency…
Terra Classic developer group Joint L1 Task Force announces major upgrades for next month, will LUNC price hit $0.0005? The Joint L1 Task Force, which is responsible for developing Terra Classic (LUNC), has shared its Q2 roadmap and target dates for various upgrades and proposals. The team plans to introduce the Cosmwasm v1.1.0 upgrade in…
Koinly and Revolut have partnered to automatically sync tax filings for cryptocurrency transactions. The deal was being discussed since the start of 2023. Revolut has introduced a new tool to help its customers automatically report taxes for their cryptocurrency transactions, in response to increased scrutiny by tax authorities worldwide. Revolut has teamed up with Koinly,…
Polygon Labs and Google Cloud have formed a partnership to improve the development of the Ethereum scaling protocol’s infrastructure and tools. The announcement was made during Consensus 2023 and is expected to benefit the Ethereum community. Polygon and Google Cloud have announced a partnership that will make it easier for developers to create Web3 products…
Venom has launched a public testnet for testing its blockchain technology. Experience Venomâs testnet ecosystem Venom has created a public test network where developers and users can try out and fix any issues with their dapps and blockchain protocols. This helps promote innovation and bring the community together. The Venom testnet provides various tools and…
Tencent Cloud is offering a service that can create deepfake videos. It can make a fake video that looks real by studying a three-minute video and 100 voice clips. It takes 24 hours to make the deepfake video. Tencent Cloud, which is a part of Chinese tech company Tencent, has released a new platform that…
The crypto expert Emperor Osmo expressed uncertainty about the high Total Value Locked (TVL) amount of Tron. DeFiLlama reports that Tron has the third highest Total Value Locked (TVL) of $5.16 billion. The analyst said that he has not come across anyone who uses the Tron platform. On April 28, the crypto analyst Emperor Osmo…
ChatGPT had to share its data processing practices and take measures to restrict access based on age to comply with legal requirements in Italy, which allowed it to resume its operations there after a previous ban. ChatGPT, a famous interactive AI chatbot, can now resume its services in Italy after fulfilling the privacy requirements and…
The new changes made to the platform aim to help users engage more with their followers and make money from new sources on Twitter. Elon Musk has made it possible for people to earn money from their posts on Twitter. Musk has made several changes to Twitter to make it profitable, such as firing many…
Binance, which is among the world’s biggest cryptocurrency exchanges, intends to re-enter the Japanese cryptocurrency market after buying the licensed cryptocurrency trading platform Sakura trading Bitcoin (SEBC). The acquisition of SEBC by Binance was completed in November 2022, and the firm is expected to rename the SEBC platform as the Japanese version of Binance in…
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…