Research
Estonia's Central Bank Launches Research Project into CBDC
Estonia’s Central Bank also known as Eesti Pank has launched a multi-year research project into central bank digital currencies.
China's Shenzhen Special Economic Zone Now Supports Digital Currency Research
The Central Committee of the Communist Party of China recently announced that the Shenzhen special economic zone would be supporting research and the promotion of digital currencies.
Philippines Central Bank To Research Further Before Launching its CBDC
Philippines Central Bank governor Benjamin Diokno has recommended further research with respect to the proposed Digital Peso, central bank digital currency.
Japan’s Nomura Research Institute Considers Introducing a New Cryptocurrency Index
Cryptocurrency investment solution provider Intelligence Unit (IU) announced a partnership with Japanese-based consulting company Nomura Research Institute (NRI) to introduce a new cryptocurrency index, popularly known as IU/NRI Crypto-Asset Index.
PreScouter Research: Blockchain Adoption in Life Sciences Wanting
According to a report by PreScouter, a research company that assists business leaders make better corporate and product development decisions, the mindset of leadership in the life sciences sector is hindering blockchain adoption.
Bank of Japan Sets Up New Research Team For Digital Yen CBDC Development
Japan’s central bank has recently revealed that it has created a new team to research on Central Bank Digital Currencies.
Digital Asset Management Market Speculated to Generate $9.32B in Revenue by 2028
The digital asset management market is expected to generate revenue worth $9.32 billion by 2028 based on soaring demand, according to a report by SkyQuest Technology Consulting.
Crypto ATM Market Expected to Hit $1.88B by 2028 with CAGR of 59.2%
The crypto ATM market is anticipated to reach $1.88 billion by 2028, according to a report by US-based consulting firm Grand View Research Inc.
Bitcoin Lightning Network Would be Practical for Small Payments than Debit Cards, Morgan Stanley Says
The Bitcoin Lightning Network attracts fees close to zero, so it becomes more practical to use it when undertaking small payments than a debit card, according to leading investment bank Morgan Stanley.
Global Energy Sector: Blockchain Application to hit $6.29 Billion by 2024
BIS Research has presented a new market intelligence report dubbed ‘Global Blockchain in Energy Market - Analysis and Forecast, 2018-2024.’ It reveals that blockchain application in the energy market was worth $518.6 million in 2018 and its value will reach $6.29 billion in 2024.
Blockchain Tech Expected to Facilitate Logistics Market Growth to $71.96B by 2026
Blockchain technology is expected to be a major trend fueling the logistics market growth, according to a report by Technavio, a global technology research and advisory company.
Kraken Donates $100K to Cryptocurrency Think Tank Coin Center, Following Grayscale’s Footsteps
Kraken crypto exchange has applauded Coin Center for the crypto research institute has played in furthering the cryptocurrency industry.
76% of Financial Institutions Eyeing Crypto Adoption in Next 3 Years, Ripple Report Shows
A study shows that 76% of financial institutions expect to use crypto in the next 3 years. In addition, over 75% of consumers said they would prefer to buy cryptos for their sustainability.
Bitwise and ETF Trends : 64% of US Financial Advisors expect Bitcoin Price to Appreciate Over Next 5 years
Around half of all wealth in America is managed by financial advisors, but how much of that wealth are they comfortable allocating to cryptoassets?
5% Global Business Transactions Expected to Utilize Blockchain Technology by 2028: SkyQuest
At least 5% of worldwide business transactions are expected to utilize blockchain technology by 2028, thanks to heightened activity in the fintech blockchain market, according to a report by research firm SkyQuest.
Nearly 70% of Merchants Believe Crypto Payments will Revolutionize Business Models, Study Shows
The appetite for cryptocurrencies in e-commerce continues to gain steam as they offer more convenient and safer payment methods, according to a report by global payments solution provider Checkout.com.
Demand for Blockchain and AI Expected to Push Market Value to $980.7M by 2030: Report
Since blockchain and artificial intelligence are among the greatest technological innovations, their demand is expected to make the market value soar to $980.7 million by 2030, a study suggests.
Chinese Internet Giant Tencent on the Lookout for New Head of Digital Currency Group
Chinese internet giant Tencent, also the operator of messaging app WeChat has been reported that the company is looking to create a digital currency research group. Tencent released a statement to its employees, stating that the company is currently hiring a new head of the research group.
Blockchain in Manufacturing Market Speculated to Generate $766.2m in Revenue by 2030
The blockchain in the manufacturing market is expected to render revenue worth $766.2 million in 2030, according to Verified Market Research.
“What is Cryptocurrency” is the Most Googled Question in the Digital Asset Space, Study Shows
As already evident, cryptocurrency is transforming personal finance and piquing people's interest globally, a study by Crypto Wallet showed that questions about crypto were heavily searched on Google.
Blockchain Technology in the Healthcare Market Expected to Contribute $121Bn by 2030
Blockchain technology in the healthcare market is expected to reach an annual growth rate (CAGR) of 68.3% between 2022 and 2030, according to a study by Market Research Future (MRFR).
Global Automotive Blockchain Market Value Expected to Hit $2.23b by 2027
The value of the global automotive blockchain market is expected to hit $2.23 billion by 2027, a study shows.
Nearly 25% of Small Businesses in 9 Countries Intend to Roll Out Crypto Payment Option: Visa
Payment giant Visa conducts a study indicating that almost a quarter of small businesses spread across 9 nations intend to introduce the crypto payment option this year.
University of Sussex Researchers Say Blatant Market Manipulation is a Disaster to Traditional Safe Havens
The University of Sussex Business School recently published an analysis indicating that widespread market manipulation is a serious problem that regulators should deal with so that to confront false prices and avoid distorting the minds of investors. According to the analysis report, the COVID-19 pandemic has created huge volatility in global financial markets. But as one might expect, prices of safe-haven assets like Bitcoin and gold are not surging, a problem that is caused by large-scale and intense manipulation.
Global Blockchain Technology Market in BFSI Sector Expected to Hit $4.02B by 2026
The global blockchain technology market in the banking, financial services, and insurance (BFSI) sector is expected to hit $4.02 billion by 2026 thanks to a surge in FinTech spending, according to ReportLinker.
FTX US and Alameda Research File Complaint Against FTX Digital Markets
FTX US and Alameda Research have filed a complaint against FTX Digital Markets, alleging that the Bahamas-based company was a "fraudulent enterprise" used to conceal the issue of the firm's ownership. The complaint claims that the claims made by FTX Digital Markets will harm FTX.com customers and other creditors of the FTX Debtors as the company continues with bankruptcy proceedings in the United States.
Bank of America Initiates Research on Digital Assets & Crypto
Bank of America (BoA) follows the trend of cryptocurrency in response to the increasing user transaction demand and institutions' interest. Bank of America announced to initiate research on this powerful digital asset system.
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.
Arkham: US Government Seizes $300M from Alameda Research Accounts
US Government seizes $300M from Alameda Research accounts on Binance and BinanceUS.
Understanding Experimental Design: Key Concepts and Types
Discover the essentials of experimental design, including key concepts and types.
Understanding Cluster Sampling: A Comprehensive Overview
Cluster sampling divides a population into smaller clusters, simplifying large-scale research.
Sui Foundation Supports University Research on Blockchain Scalability, Privacy, and AI Tools
Sui Foundation funds 20 university teams for blockchain research, focusing on scalability, privacy, and AI tools.
Meta FAIR Unveils New AI Research Models and Datasets
Meta FAIR has released new research models and datasets to advance AI innovation, according to Meta AI.
IBM Research Delves into Quantum Information Science
IBM Research explores quantum information science, aiming to understand and develop quantum computing fundamentals, including entanglement, superposition, and quantum algorithms.
LangChain Unveils Multi-Agent Flow Deployment on LangGraph Cloud
LangChain Blog explains the deployment of a multi-agent flow on LangGraph Cloud, enhancing GPT Researcher with a complex AI workflow.
IBM Research Delves into Fundamental Questions with Exploratory Science
IBM Research is pushing the boundaries of science, mathematics, and computation through its exploratory science initiatives.
NVIDIA's Supercomputers Propel Quantum Computing Breakthrough
NVIDIA's GPUs play a crucial role in groundbreaking quantum computing research, focusing on quantum annealing and optimization problems.
OpenAI and Los Alamos National Laboratory Forge Research Partnership
OpenAI collaborates with Los Alamos National Laboratory to develop safety evaluations for assessing biological capabilities and risks.
Quantum Computing Set to Revolutionize Chemistry Research
IBM Research explores quantum computing's potential to transform chemistry, materials, and medicine by overcoming the limitations of today's supercomputers.
Binance Research Reports 37.3% Growth in Crypto Market for H1 2024
Binance Research reveals a 37.3% growth in the crypto market for the first half of 2024, driven by strong performance in Layer-1s, DeFi, and stablecoins.
IBM Research Unveils AI Tools for Business Automation
IBM Research introduces AI tools aimed at automating business processes, enhancing efficiency, and providing explainable AI systems to drive new insights.
IBM Research Advances in Physical Sciences: Exploring Materials and AI
IBM Research is delving into physical sciences to enhance material understanding, computational platforms, and AI algorithm interpretability.
IBM Research Advances Natural Language Processing Capabilities
IBM Research is developing advanced AI systems to parse and unlock data from vast bodies of text, enhancing enterprise transformation.
IBM Research Advances Explainable AI with New Tools and Visualizations
IBM Research is pioneering diverse tools to explain black-box models and visualize neural network information flows, enhancing trust in AI systems.
New Research Reveals Key Drivers of Crypto Asset Prices
A study by Uniswap (UNI) Labs, Circle, and Copenhagen Business School uncovers how traditional financial factors influence crypto prices.
Top 10 Charts Highlight Significant Trends in Crypto for H1 2024
Binance Research reveals key insights from H1 2024, showing a 44% rise in crypto market cap and notable performances from Bitcoin and Ether.
IBM Research Advances in Conversational AI with Next-Gen Virtual Agents
IBM Research is developing advanced AI systems to meet the rising demand for virtual agents capable of efficiently handling customer needs.
IBM Research Advances in Quantum-Safe Cryptography
IBM Research collaborates with NIST to develop quantum-safe cryptographic algorithms, ensuring future-proof security against quantum computing threats.
IBM Research Advances Trustworthy Generative AI for Data Augmentation
IBM Research unveils new frameworks for generative AI to enhance data augmentation and accelerate drug and material discovery.
IBM Research Advances in Automation and Information Processing
IBM Research continues to lead in computer science, focusing on breakthroughs in automation, information processing, and computation.
IBM Research Explores Generative AI for Business Applications
IBM Research focuses on trustworthy generative AI models and infrastructure to tackle business challenges, addressing scalability and reliability issues.
Exploring the Potential of Decentralized Science (DeSci) in Modern Research
Decentralized Science (DeSci) leverages blockchain to promote transparency, collaboration, and open access in scientific research, addressing the centralization issues of traditional science.
Sustainable Crypto Growth: The Necessity of Providing Real Value
Binance Research emphasizes the need for crypto projects to focus on real value, sustainable yields, and genuine user demand to ensure long-term growth.
NVIDIA Opens Applications for $60,000 Graduate Fellowship Awards
NVIDIA's Graduate Fellowship Program is now accepting applications, offering up to $60,000 for doctoral students in AI, machine learning, and more.
IBM Research Unveils Advanced AI Hardware Innovations
IBM Research is developing cutting-edge devices and architectures to meet the increasing processing demands of AI.
IBM Research Leverages Quantum Computing and AI for Accelerated Discovery
IBM Research is integrating quantum computing, AI, and hybrid cloud to expedite solutions for today's pressing problems.
SFC Facilitates Distribution of Research Reports for Eligible ETFs under Stock Connect
The SFC announced new arrangements to ease the distribution of research reports for eligible ETFs under the Stock Connect program.
Wellcome Sanger Institute Advances Cancer Research with NVIDIA Accelerated Computing
The Wellcome Sanger Institute leverages NVIDIA's accelerated computing to enhance cancer genome analysis, reducing costs and energy consumption significantly.
Enhancing LLMs: Memory Augmentation Shows Promise
IBM Research explores memory augmentation techniques to improve large language models (LLMs), enhancing accuracy and efficiency without retraining.
Yehuda Lindell's Transition from Academia to Cryptography Deployment at Coinbase
Explore Yehuda Lindell's journey from academic research to deploying advanced cryptography solutions at Coinbase, highlighting the challenges and mindset shifts involved.
AI-Powered Research Sheds Light on Antarctic Moss and Climate Change
Australian scientists leverage AI to study Antarctic moss, uncovering crucial climate change insights. This innovative approach uses edge computing to analyze moss health in harsh conditions.
AI Integration in U.S. Healthcare: NVIDIA's Role in Revolutionizing Medical Research
NVIDIA's AI tools, including NIM microservices, are transforming the U.S. healthcare landscape, enhancing research and clinical practices with cutting-edge AI technology.
Ethereum Foundation Announces EcoDev Research Fellowship Applications
The Ethereum Foundation launches five six-month research fellowships focusing on unexplored Ethereum use cases. Applications are open until November 15, 2024.
Blockchain Innovations Unveiled at Science of Blockchain Conference 2024
The Science of Blockchain Conference 2024 in NYC showcased cutting-edge research and developments in blockchain technology, attracting prominent researchers and industry experts.
New AI Tool Enhances Research Efficiency at Institut Curie
Institut Curie adopts Microsoft's Copilot, an AI tool designed to streamline administrative tasks, allowing researchers more time to focus on innovative cancer research.
Impact of Transaction Ordering Policies on Ethereum Arbitrage Strategies
Research explores how transaction ordering policies affect arbitrage profitability on Ethereum Layer 2 solutions, highlighting the efficacy of time-advantaged strategies.
Mastercard Unveils Interoperable CBDC in Australia
Mastercard, in association with the RBA and DFCRC, has demonstrated a groundbreaking interoperable CBDC solution to enhance Web3 commerce in Australia and beyond. The live demonstration showcased a pilot CBDC holder purchasing an NFT on Ethereum, utilizing Mastercard’s Multi Token Network, emphasizing the potential of blockchain interoperability in fostering secure and efficient digital commerce.
FTX secretly lent Alameda Research $65B
Environmentalists sued the New York Public Service Commission (PSC) on Jan. 13 for allowing the takeover of a bitcoin mining plant. Plaintiff's argument that approval breaches 2019 New York climate legislation. The Climate Leadership and Community Protection Act aims to reduce 85% of statewide emissions by 2050 and achieve zero-emissions power by 2040, among other goals.
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).
FTX Continues to Move Funds Amid Ongoing Investigations
Addresses associated with FTX and its subsidiary, Alameda Research, have reportedly transferred $145 million in stablecoins to various platforms, as the cryptocurrency exchange faces demands to return funds to different groups of investors amid ongoing investigations and lawsuits.
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.
BlockFi's Collapse Tied to Ignored Risks with FTX and Alameda Research
BlockFi's collapse tied to ignored risk warnings and flawed business practices, reveals a court filing. CEO Zac Prince allegedly dismissed concerns over high-risk loans to Alameda Research.
Former South Korean Deputy Minister Yong-beom Kim Joins Blockchain Research Institute
Yong-beom Kim, former first deputy minister of the Ministry of Planning and Finance of South Korea, will join Hashed Open Research, a blockchain and digital technology research institute, as CEO.
The White House is continuing to develop its National Digital Assets Research and Development
The White House wants advice on its National Digital Assets Research and Development Agenda. The agenda "shapes a whole-of-government effort" to build digital assets and distributed ledger technologies. The president's digital asset executive order prompted its September announcement.
Alameda Research Problems Precede FTX For Sam Bankman-Fried
Alameda lost over two-thirds of its assets owing to the XRP token price drop and was close to bankruptcy. Sam Bankman-Fried allegedly saved the trading company by promising lenders and investors 20% profits. Alameda funded his failed trading company by sponsoring the first Binance Blockchain Week conference in January 2019.
Enhancing AI's Operational Efficiency: Breakthroughs from Microsoft Research and Peking University
Researchers from Microsoft Research and Peking University have developed groundbreaking methods to enhance LLMs' ability to follow complex instructions and generate high-quality graphic designs, showcasing significant advancements in AI operational efficiency.
Is Conversational Diagnostic AI like AMIE Feasible?
AMIE, an AI system developed by Google Research and DeepMind, demonstrates superior diagnostic accuracy compared to human physicians in a groundbreaking study, signaling a new era in AI-driven healthcare.
Hut 8 Mining Corp Refutes JCapital Research's Allegations
Hut 8 Mining Corp, a leading Bitcoin miner, strongly refutes allegations by JCapital Research in a recent short report, emphasizing their commitment to transparency and urging stakeholders to refer to official SEC and Canadian regulatory filings for accurate information.
Global Blockchain in Retail Market to Hit $3.27B by 2028
Heightened demand in the worldwide blockchain in the retail market is expected to drive its value past the $3.27 billion mark by 2028, according to market research organization Facts and Factors.
Microsoft's 2.5 billion GBP Investment in UK AI: Catalyst for Innovation and Growth
Microsoft's significant investment in the UK's AI infrastructure is expected to significantly enhance the country's technology sector and its global AI standing.
FTX debtors report over $4 billion in scheduled assets
FTX debtors have reported over $4 billion in scheduled assets among various company silos as of November 2022 in a filing with the United States Bankruptcy Court. The report revealed that Alameda Research held the majority of scheduled assets but had "potentially material claims that have been filed as undetermined," while the data surrounding cryptocurrency holdings or transactions was limited.
Crypto Scam Revenue Has Dropped by 65% in 2022: Chainalysis
Illicit crypto volumes have been diminishing year-over-year, with scams taking the lion’s drop share, according to a report by blockchain analytic firm Chainalysis.
Global Efforts to Classify Cryptocurrencies
Cryptodata website 21Shares and CoinGecko have launched a worldwide crypto asset classification system.
FTX Group and Alameda Research Recover Crypto Assets
Following a liquidity crisis and bankruptcy filing, FTX Group and Alameda Research are making progress in recovering lost crypto assets. FTX has reached a settlement with Modulo Capital and is seeking to claw back funds from Genesis Global, while Alameda Research received $60M from OKX in a recovery effort.
FTX and Alameda Reach $874M Settlement with BlockFi Amid Bankruptcy Proceedings
FTX and Alameda have agreed to an "in principle" settlement with BlockFi, potentially paying up to $874 million, marking a significant development in the ongoing bankruptcy saga.
Binance Research: Ethereum's Roadmap for Scalability and Decentralization
Binance Research reports Ethereum's focus on scalability and decentralization, with Layer-2 solutions and Danksharding being key components. The transition to Proof-of-Stake in 2023 leads to a 257.7% increase in mainnet data publishing fees.
Binance Survey: Institutional Investors Bullish on Crypto's Long-Term Prospects
Binance Research, in collaboration with Binance VIP & Institutional, has recently unveiled the results of their Institutional Crypto Outlook Survey. The study reveals a strong positive sentiment towards cryptocurrencies among institutional investors, with 63.5% expressing optimism for the next year and a striking 88% displaying a positive outlook for the next decade.
California Spearheads AI Ethics and Safety with Senate Bills 892 and 893
California takes a pioneering role in AI regulation with Senate Bills 892 and 893, aiming to ensure AI safety, ethics, and public benefits.
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.
FTX Denies Rumours of Merging between Alameda Research and FTX VC
Sam Bankman-Fried, founder and CEO of cryptocurrency exchange FTX, has denied reports that his two companies, FTX ventures and Alameda Research, are merging venture capital operations.
OKX Sends $60M to Alameda Research
Crypto exchange OKX sent $60M worth of digital assets to Alameda Research as part of a recovery effort to pay back customers of its sister company FTX. Alameda Research currently holds over $284M worth of assets, including USDT and ETH.
Blockchain in Fintech Sector Expected to Hit $31.4B by 2030
Blockchain in the FinTech market is anticipated to reach $31.4 billion by 2030, given that the penetration of this cutting-edge technology in the financial industry has boosted app-based operations.
OpenTrade and WOO X Unite to Offer Tokenized T-Bills to Asian Investors
OpenTrade collaborates with WOO X to unveil access to tokenized T-Bills for Asian investors. This partnership, leveraging Circle Research’s Perimeter Protocol, is a response to the escalating demand for tokenized T-Bills over DeFi yields. Concurrently, WOO X advances its strategic footprint in South Korea, aligning with CODE compliance solutions to broaden its product accessibility in the region.
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.
Circle Launches Circle Research with Perimeter Protocol
Circle launches 'Circle Research' to further technical innovation in crypto, blockchain, and Web3 through open-source research. The initiative's first contribution, Perimeter Protocol, sets a new standard for building on-chain credit markets. Circle releases the Perimeter white paper and public GitHub Repo to advance open protocol transacting with a focus on credit, catering to a wide range of credit scenarios.
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.
Cosmic Guild Secures $1.5M in Seed Funding Led by Binance Labs
Metaverse gaming platform Cosmic Guild raised a sum of $1.5 million in seed funding led by Binance Labs - the investment and innovation incubation arm of Binance.
Sam Altman Reinstated as OpenAI CEO Amid Board Restructuring
Sam Altman returns as OpenAI's CEO, with a reconstituted board, after a brief ouster, underscoring his pivotal role in the AI industry.
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.
Binance Research Reveals Key Crypto Market Trends
Binance Research's latest report reveals a thriving crypto market in February 2024, with a 40% increase in total market capitalization, driven by spot BTC ETF inflows and strong DeFi and NFT performance.
Google Unveils Batch Calibration to Enhance LLM Performance
Google Research introduces Batch Calibration (BC), a method designed to enhance Large Language Models (LLMs) performance by reducing design decision sensitivities. Unveiled on October 13, 2023, BC significantly improves performance across various tasks, showing promise for more robust LLM applications. It stands out for its zero-shot, self-adaptive nature, and negligible additional computational costs, presenting a notable advancement in the field of machine learning.
Alameda Research Withdraws Grayscale Lawsuit Amid GBTC Shift
Alameda Research has withdrawn its lawsuit against Grayscale Investments following the latter's Bitcoin Trust conversion to an ETF, leading to significant GBTC outflows and reshaping the cryptocurrency investment landscape.
Anthropic Lands $450 Million Investment to Develop Reliable AI Products and Advance AI Safety
Artificial Intelligence (AI) innovator Anthropic announced today a landmark $450 million Series C funding round, securing significant investment to enhance its reliable AI products.
SEC Chair Gensler Open to Lawful Revival of FTX
SEC Chair Gary Gensler emphasizes regulatory standards as FTX considers legal and compliant return, following founder Sam Bankman-Fried's conviction, marking a pivotal moment in crypto regulation.
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.
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.
Elon Musk Plans to Launch AI Startup to Compete with OpenAI
Elon Musk is reportedly assembling a team of AI researchers and engineers to launch an AI startup to compete with OpenAI. Musk is said to be in talks with existing investors from SpaceX and Tesla for investment in the new venture. In addition, Musk has recently incorporated a company named X (X.AI) and changed the name of Twitter to "X Corp" as part of his plans to create an "everything app" under the "X" brand. Meanwhile, Amazon Web Services (AWS) has launched the Bedrock initiative to allow its users to build generative AI from foundation models.
To Avoid a Global Recession the Fed Should Ease Interest Rate Hikes - UN Report
Caution should not be thrown to the wind when it comes to tightening fiscal and monetary policies because this could trigger a global recession, according to a UN agency report.
Federal Reserve Lifts Enforcement Action on FTX-Linked Farmington Bank
The Federal Reserve has terminated its enforcement action against Farmington State Bank, linked to the collapsed crypto exchange FTX, marking the bank's shift away from operations and reinforcing depositor protection efforts.
Alameda Research Minted Over $39 Billion USDT, Amounting to Nearly Half of Tether's Circulating Supply
Recent data analysis reveals that Alameda Research minted $39.55 billion USDT, nearly half of Tether's circulating supply. The findings underscore the significant role of major crypto trading firms in stablecoin operations, with a detailed examination of USDT's creation and redemption processes.
Alameda Accused of Misusing FTX Customer Funds in Court
Key personnel from FTX and Alameda Research, during a trial, revealed concerning financial mismanagement and misrepresentation practices within the organizations. Gary Wang and Caroline Ellison's testimonies provided insights into significant financial instabilities, misuse of FTX funds by Alameda, and personal ventures being funded through loans from Alameda. The trial uncovers a complex scenario of financial misconduct and troubling personal-professional relationships, shedding light on alarming practices within these crypto entities.
Minima Launches Innovation Challenge Campaign Compeition
Minima, an ultra-lean blockchain network, launched an innovation challenge to spur more growth in its ecosystem.
Quant Firm Kronos Research Loses $1.4M: Code Tampered by Disgruntled Engineers
Kronos Research, a top cryptocurrency trading team, suffered a $1.4 million loss in 2020 due to malicious code alteration by disgruntled engineers Chen and Xu, who conspired to embed errors, leading to a fine and 10-month sentence.
Anticipated Return of $9B Mt. Gox-era Bitcoin May Spur Market Anxiety
K33 Research analysts warn that the potential return of over $9 billion worth of Mt. Gox-era Bitcoin could unsettle the market and exert negative price pressure on Bitcoin. Creditors of the now-defunct Mt. Gox crypto exchange have shared updates on their claims, indicating that Bitcoin repayments could begin as early as next month. The sheer quantity of Bitcoin involved could create an "overhang" and potentially impact Bitcoin's price in the coming weeks.
Legal Team of Samuel Bankman-Fried Seeks to Question Involvement of FTX Lawyers in $300 Million Loans
Samuel Bankman-Fried's defense team has submitted a letter to U.S. District Judge Lewis A. Kaplan, seeking permission to question the involvement of FTX lawyers in the issuance of loans worth up to $300 million from Alameda Research to Gary Wang. The request comes after an October 1 court ruling provisionally barred any mention of FTX lawyers' involvement without prior permission. The defense aims to establish Bankman-Fried's good faith and lack of criminal intent in the ongoing money laundering case.
Xbox Teams with Inworld AI for Game Dev AI Tools
Xbox and Inworld AI have partnered to develop AI tools for dialogue and narrative creation, aiming to empower creators in the gaming industry.
Bridge the gap between traditional finance and DeFi
User location was shown to affect transaction authorisation, with Europe having the best success rates.
Ethereum Research Forum Enhances Visibility for Interdisciplinary Collaboration
Ethereum Research Forum is initiating measures to boost visibility and collaboration across various academic disciplines to enrich the Ethereum ecosystem.
Sui Donates $1M to London Business School for Web3 Research
Sui, a leading blockchain platform, has donated $1 million to London Business School for Web3 research and education, aiming to prepare future technology and business leaders.
Vitalik Buterin: Supporting Decentralized Staking through Anti-Correlation Incentives
Vitalik proposes anti-correlation incentives to promote decentralization in staking protocols, penalizing misbehaving actors and implementing them in various scenarios, backed by empirical data.
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.
Bankman-Fried May Plead Next Week Before Judge Lewis Kaplan In NY Federal Court
Former FTX CEO Sam Bankman-Fried will appear in court on January 3. He faces two wire fraud charges and six conspiracy charges for the FTX bitcoin exchange crash. His close circle at FTX and Alameda Research pled guilty and cooperated.
Sam Bankman-Fried Dodges Questions on Alameda Debt Repayment Risks
FTX CEO Sam Bankman-Fried was questioned about using funds to repay Alameda's lenders, sparking discussions on risk management practices and potential user reputation implications.
NFT Trading Volume Surpasses $54B, Exceeds 200% in 2022
The NFT market continues to take the world by storm based on the notable adoption and trading volume witnessed.
UK Invests 100M Pound in AI: Pioneering Healthcare Innovation and Regulatory Frameworks
The UK government announces a £100 million investment to establish AI research hubs and enhance regulatory frameworks, focusing on healthcare, chemistry, and mathematics, alongside global partnerships for responsible AI practices.
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.
Market Watch: Stock vs Crypto Performance, Tesla, Apple, Bitcoin and Ethereum Compared
What it the correlation between crypto and the stock market? We analyze Nasdaq, Dow, Apple, Tesla, Microsoft, Bitcoin, Ethereum. Unlimited QE is the most important factor.
IOTA Launches Austria State-Backed Christian Doppler Laboratory for Blockchain Research
The IOTA Foundation is joining the new research laboratory for blockchain technologies for the Internet of Things (IoT) as an industrial partner.
Global Blockchain IoT Market Expects to Record $5.8 Billion Revenue by 2026
According to a report by Indian-based market research firm Research Dive, the global blockchain IoT sector will likely register a revenue of $5.802 billion by 2026.
Worldwide Blockchain Distributed Ledger Market to Hit $20.6B by 2027 - Report
The global blockchain distributed ledger market is expected to grow from $3.5 billion recorded in 2021 to $20.6 billion by 2027, according to a report by Research and Markets.
Binance China and Xinyuan Group to Expand Blockchain Utility in Global Real Estate
Binance China Blockchain Institute, the research arm of global exchange Binance has formed a strategic partnership with Xinyuan Group to further the application of blockchain technology in the global real estate industry—including New York.
HashCash Consultants to Streamline Drug Research and Clinical Trials with Blockchain
HashCash Consultants, a US-based blockchain development company, has set its eyes on revamping the complex process of clinical trials and drug research by availing blockchain solutions. It intends to realize this by forming a pharma consortium with pharmaceutical firms and other medical players.
Core Scientific Partners with Foundry in Financing Deal up to $23 Million
The financing from Foundry will enable Core Scientific and its clients to continue shifting global mining operations to North America
Think Tank Releases Report on the Blockchain-Based Genetic Data Network
Think Tank, dGen, releases a new report entitled, “AI, Privacy, and Genomics: The Next Era of Drug Design”. It tackles the issue of privacy and access to genetic data for companies using AI to speed up and improve drug design.
Capital Inflows into Crypto Investment Products, Hit a 3-Month High of $193m
In the past week, inflows into crypto investment products reached $193 million. A scenario last seen in mid-December 2021, according to digital asset management firm Coinshares.
Bitcoin Mining Transforming Global Energy Crisis, Says Arcane Research
Arcane Research suggests crypto mining would help to resolve the energy crisis triggered by fossil fuels.
New Money Theory Research: Blockchain to Usher in the New Age of Monetary and Financial Freedom
New Money Theory Research: Blockchain to Usher in the New Age of Monetary and Financial Freedom
49% of Americans are Aware of NFTs: Pew Research Center
Nearly half of Americans have shown awareness of non-fungible tokens (NFTs), according to a survey by Washington-based think tank Pew Research Center.
Over 50% Investors Look for more Alternative Investments for Next 12 Months, Survey Shows
Subject to escalating inflation, over 50% of investors are looking for more investment in alternative assets, Asset Tribe's survey suggests.ation
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.
At Least 16% of Americans Have Invested in Crypto: Pew Research Center
A recent survey from the Pew Research Center has drawn an insight into the popularity of emerging digital currencies amongst Americans. At least 16% of respondents say they have invested in crypto.
Crypto Adoption in Sub-Saharan Africa Rises, Study Shows
Many young people in Sub-Saharan Africa are taking the cryptocurrency route to build and preserve wealth despite low economic opportunities.
Nigeria Takes the Highest Bitcoin Optimism Levels at 60%, Survey Reads
Since knowledge feeds optimism and participation, Nigeria emerged as the top nation with the highest rates of optimism about Bitcoin’s future at 60%, according to a study by Jack Dorsey-owned Block, Inc.
Nigeria Tops in Global Crypto Ownership, With Nearly Half of the Population Being Crypto Users or Owners
With cryptocurrencies being one of the technological innovations taking the world by storm, Nigeria takes the lead in terms of crypto ownership, a survey suggests.
Ternio Research Finds Blockchain-Affiliated Companies Are Employing Over 86,000 People
Ternio, a leading white-label technology company, has revealed the findings of a new study dubbed “The State of Crypto Entrepreneurship 2019.” It was, therefore, estimated that crypto/blockchain organizations employ 86,443 people across the globe.
Millennial Investors Open the Most Crypto Accounts in Q2, Apex Report Shows
A report conducted by investing platform Apex Fintech Solutions (Apex) shows nearly 370,000 new crypto accounts opened in Q2.
Nearly 67% of UAE Residents are Interested in Crypto Investments, Study Shows
In the next five years, 67% of residents in the UAE will be interested in entering the crypto space, according to a survey by British market research and data analytics firm YouGov.
Crypto is No Longer Men Club as More Female Entering the Space, Study Shows
A study finds more women are participating and investing in this crypto sector, which men no longer dominate in terms of gender.
27% Female Professionals Participate in Web3-related Projects, KuCoin Study Shows
A study shows only 27% of female working professionals have participated in web3-related projects, which is still lower than their male counterparts.
Turkish Female Investors Shows More Crypto Knowledge than Male Counterparts, Study Shows
More women are investing and trading cryptocurrencies in Turkey as their crypto curiosity tops that of men, according to a survey by crypto exchange KuCoin.
Global Blockchain Technology Market Expected to Hit $19.9 Billion
The global blockchain technology market is anticipated to reach $19.9 billion by 2026 from the current $3.4 billion value, according to market research publisher Global Industry Analysts Inc.
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.
Blockchain in Manufacturing Market Expected to Hit $17 Billion by 2027
The urge to streamline operations and track assets with unprecedented precision are some of the factors expected to make the blockchain in the global manufacturing market hit $17.047 billion by 2027, according to a report by Research and Markets.
Crypto Investors’ Realized Gains Increased by 400% to Hit $162.7m in 2021, Study Shows
With 2021 emerging as a strong year for cryptocurrencies, global investors made $162.7 million in realized gains, according to blockchain analytic firm Chainalysis.
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.
Crypto Investors Looks More Attractive and Desirable on Dating Apps, Survey Shows
A study shows that crypto investors could be more attractive or competitive in the dating market, but it might not be a good choice to choose NFT as your profile picture.
Zcash-Commissioned Research Find Cybercriminals Prefer Bitcoin Over Other Cryptocurrencies
Independent research commissioned by the Electric Coin Company (ECC), the parent firm of privacy-focused cryptocurrency Zcash, concluded cybercriminals are much likely to use Bitcoin over other digital assets.
Hong Kong is the Most Crypto-Ready Economy, Study Shows
Crypto adoption in Hong Kong is going to expand, as the city has emerged as the readiest country/ region to embrace digital assets era, according to a study by trading platform Forex Suggest.
10% of Norwegian Adults Own Crypto, Double the Rate in 2018
Crypto ownership in Norway has been trending, because 10% of the adult population, representing 420,000 Norwegians, own cryptocurrencies, according to a study by Arcane Research and Ernst & Young (EY).
15% Indians Set Foot in the Crypto Space, KuCoin Study Shows
As of June 2022, the number of crypto investors in India had clocked 115 million, representing 15% of the nation’s population aged 18 to 60 years, according to a survey by crypto exchange KuCoin.
ConsenSys Proposes Tokenization to Leverage Impure Public Goods
People generally understand that human-made public goods—highways, airports, libraries—will incur some economic costs which must be recovered through some sort of fee, toll or charge. It is apparent, however, that the general public gives little thought to the actual policy decisions made in cost recovery schemes or the impact of cost recovery methodologies on the efficient allocation and utilization of these resources for the assets. ConsenSys proposes a tokenized model to better sustain and enhances public resources.
UK Consumers Need Better Education on BNPL & Crypto Payments: Research
ECOMMPAY said that UK consumers need more education on how to use BNPL and cryptocurrency payments safely.
Nearly 30% of the Top 65 World’s Wealthiest People Invested in Crypto: Forbes Survey
The world’s richest individuals are also jumping on the crypto bandwagon because approximately 30% of the top 65 globe’s super-rich have directly or indirectly invested in cryptocurrencies, according to a Forbes survey.
18% of Britons Own Crypto, Indicating an Exponential Growth in 2021, Study Shows
Almost one in five Britons (18%) own crypto, according to a survey conducted by cryptocurrency exchange Gemini.
At least 70% of Global Finance Leaders Believe CBDCs Will Spur Financial Inclusion - Ripple Study
Central bank digital currencies (CBDCs) have triggered overwhelming consensus among global finance leaders, according to a survey by Ripple, a leader in enterprise crypto and blockchain solutions.
26% Brazilians Invested in Crypto over Last 6 Months, Study Shows
A transition to cryptocurrencies as a means of payment and store of value by 26% of Brazilians in the last six months has been prompted by being unbanked or underbanked and high inflation rates, according to a study by crypto exchange KuCoin.
Allied Market Research: Blockchain Integration into the Global Retail Market to Garner $11 Billion by 2026
Allied Market Research, a global market research and business firm, has reported that the incorporation of blockchain into the global retail market will garner $11.18 billion by 2026 from $83 million recorded in 2018.
CoinGecko Study Shows Countries Most Interested in Crypto Since Market Crash
Crypto data aggregator CoinGecko has released a new survey showing global interest in cryptocurrency adoption. Nigeria, The United Arab Emirates, and Singapore are firmly in the lead.
20% of American Adults Involves in the Crypto Space, Study Shows
One in five Americans has used, traded, or invested in cryptocurrency, according to a poll by NBC News.
Americans Present Stronger Desires than Canadians in Crypto, Ipsos Study Shows
The intention of investing in cryptocurrencies like Bitcoin (BTC) or using tokens as a payment option among Americans is higher than among Canadians, a new survey shows.
35% of Nigerians Have Entered the Crypto Market in the Last 6 Months, Study Shows
Nigerians are entering the crypto space because of the lack of affordable financial services and high inflation rates, given that 35% of them were engaged in this sector in the last six months, according to a study by crypto exchange KuCoin.
Cryptocurrencies to Become a Standard Payment Option, Paysafe Study Shows
Multinational online payments company Paysafe has conducted a study, showing that 60% of the respondents believe that crypto purchases will become widespread in one year.
Oxford Law Researchers Call for Strict Cryptocurrency Regulation to Avoid Another Financial Crisis
Researchers at Oxford University Law Faculty claim that crypto market regulation is mandatory to prevent systemic risk in times of financial crisis.
67% of Retail Investors See Crypto as a Trustworthy Investment, Study Shows
As a show of belief in the crypto space, 67% of retail or investors deem cryptocurrencies as trustworthy investments, wile only 11% seeing them as untrustworthy, a study shows.
Over 50% Consumers in Latin America Conduct Crypto Transactions, Survey Suggests
Attributed to convenience and flexibility, crypto adoption in Latin America is increasing, according to a study by payments giant Mastercard.
Crypto ATM Market Expected to Hit $1.18B by 2028, Driven by Increasing Fund Transfers
A surge in fund transfers is expected to expedite the global crypto ATM market to hit $1.185 billion by 2028, according to Vantage Market Research.
69 % Female Crypto Investors in U.S. Adopt Holding Strategy, Survey Shows
Real Talk survey BlockFi suggests that female crypto investors on American soil had a long-term outlook because they had adopted the buy-and-hold strategy.
Crypto Market to Hit $4.94 Billion by 2030, Driven by the Need for Transparent Payment Systems
According to a report by Allied Market Research, the global crypto market is expected to rise from $1.49 billion registered in 2020 to $4.94 billion by 2030.
Institutional Crypto Exposure Hits 51%, Goldman Sachs Study Shows
Out of 172 institutional clients surveyed, leading global investment bank Goldman Sachs found out that 51% of them had crypto exposure.
51% of Crypto Investors in Saudi Arabia Optimise Crypto Future, KuCoin Study Shows
Nearly 3 million citizens in Saudi Arabia have entered the crypto space over the past six months, according to a study by KuCoin.
Canadian Central Bank Partners with MIT for CBDC Research
Although the Bank of Canada still has no plans to issue a Central Bank Digital Currency, it has accelerated its research on such a project.
BIS and Central Bank Research Identifies Principles and Core Features For CBDC Issuance
The BIS along with seven central banks has released a report identifying the principles necessary for CBDCs to help central banks meet their public policy objectives.
9 in 10 Central Banks are Eyeing CBDCs, BIS Study Shows
90% of apex banks have shown intentions of rolling out central bank digital currencies (CBDCs), according to a study by the Bank for International Settlements (BIS).
Slow and Steady Wins the CBDC Race: Why the US is not Concerned with China's Speed
Slow and steady wins the CBDC Race: there are several reasons why the United States' digital dollar development has an edge over China’s speedy approach to its digital yuan.
How Smart Money Is Investing
With a flurry of renewed interest in cryptoassets, and multiple new opportunities for riches abounding, the vast majority of us can’t help but tentatively listen to that voice whispering in our ear, “remember 2018”. The bull run throughout 2017 ended in tears for many as early 2018 saw the market enter into an abrupt and prolonged bear cycle that lasted the better part of three years.
JP Morgan, Ciena and Toshiba Partner to Establish Quantum Key Distribution Network
JP Morgan Chase, Ciena, and Toshiba announced to research a Quantum Key Distribution (QKD) system in groundbreaking research for better protection for blockchain networks from eavesdropping and quantum computing attacks.
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.
BitMEX Research: Inflation Aftermath of Coronavirus Financial Crash Will Be Bitcoin's Greatest Test
In the aftermath of the current Coronavirus market crash and the subsequent incoming inflation that will be caused by the response of the Federal Reserve and Central banks, Bitcoin will face its truest test and be given its its biggest opportunity to prove itself in its short lifetime according to new research from global crypto exchange BitMEX.
Stablecoin On-Chain Activity at Record Highs but Will Crypto Market Inflation Follow?
On-chain activity for stablecoins has surged over the last year, increasing by 800% according to the latest market intelligence, but could the increase in stablecoin issuance create inflation in the cryptocurrency markets as past allegations against Tether and Bitfinex have suggest ?
Sub-Saharan Africa Dethrones Northern America as the Top Bitcoin Adoption Spot
Sub-Saharan Africa has been the top Bitcoin adoption spot for 181 consecutive weeks after edging out Northern America, as revealed by Arcane Research.
Surge in Generative AI Interest: Insights from Twitter Discussions
A recent study titled "Public perception of generative AI on Twitter: an empirical study based on occupation and usage" unveils a broad spectrum of sentiments and uses of generative AI across various occupations, highlighting the technology's impact and ethical considerations.
VanEck Research Predicts Ethereum Price to Reach $11.8k by 2030
VanEck Research revises #Ethereum price target to $11.8k by 2030 following a recent hard fork. The new valuation considers revenues from transaction fees, MEV, and an emerging "Security as a Service" model.
KYC on Exchanges Powerless Against PlusToken Ponzi Scammers According to New Report
The PlusToken Ponzi scheme operators are using regulated KYC compliant exchanges to dump their cryptocurrency according to an updated report by investigative firm OXT Research.
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?
Was the Secret Transfer of $4 Billion to Alameda, FTX's Undoing?
Reports have it that Sam Bankman-Fried funded Alameda Research with FTX customer deposits. Many believes this was the downfall of the firm
Google DeepMind: Subtle Adversarial Image Manipulation Influences Both AI Model and Human Perception
Recent DeepMind research reveals that subtle adversarial image manipulations, originally designed to deceive AI models, also subtly influence human perception. This discovery underscores similarities and distinctions in human and machine vision, emphasizing the need for further research in AI safety and security.
Bitcoin Investors are "Buying the Dip" in Anticipation of a Bounce Back to $55K in Six Months, Morning Consult Study Shows
Bitcoin investors are still optimistic because they continue stacking with the expectation that the price will rebound to the $55,223 level in six months, according to a study by data intelligence company Morning Consult.
Mizuho Securities Research: 65% of PayPal Users are Ready to Use Bitcoin
According to a research report released by Mizuho Securities, the majority of PayPal's users see Bitcoin as a payment means.
Bitcoin Closes to Hyper-Adoption Phase similar to Mid-to-Late 1990s: Wells Fargo
It might not be too late to jump on the Bitcoin bandwagon because the leading cryptocurrency is just getting to the inflexion point of hyper-adoption, according to a report published by Wells Fargo.
Ethereum Foundation Releases Grants worth $750,000 to Fund ETH Research
With knowledge being a flywheel for Ethereum (ETH), the Ethereum Foundation has deemed it fit to explore the network’s potential through academic research.
MIT Sees Ethereum’s PoS as Game Changing Tech
The Massachusetts Institute of Technology (MIT) views Ethereum’s proof of stake (PoS) consensus mechanism as a game-changer that will prompt the adoption of energy-saving technology.
Majority of China's Tech Startups Are Exploring Blockchain Technology, Report Reveals
South China Morning Post's Report shows Chinese firms are growing in the adoption and integration of blockchain technology
92% High-Net-Worth Individuals in SG & HK Are Interested in Digital Assets: KPMG
KPMG China conducted a study dubbed “Investing in Digital Assets” and found that family offices and high-net-worth individuals in Singapore and Hong Kong have a growing interest in terms of virtual digital assets.
Reflexivity Research Provides Digital Asset Analysis & Consultation for Finance Industry
Well-known crypto enthusiast and analyst Will Clemente announced to co-found Reflexivity Research with Anthony Pompliano.
Voyager to Receive $200m in Repayment of Loans from Alameda Research
Voyager Digital will receive about $200 million in repayment of loans from trading firm Alameda Research.
Bank of America Establishes Cryptocurrency Research Team
The Bank of America has set up a cryptocurrency research team
Hindenburg Research Hunts $1M Bounty for Information on Tether's Dollar Reserve
Hindenburg Research is offering a $1 million bounty to anyone that can provide information about Tether’s stablecoin reserves.
Smart Contracts Enables Commodity Trading Transformation, GSCG Report Shows
Given that commodity trading is highly fragmented, blockchain-driven smart contracts can transform this sector by redefining market transactions and transparency, according to a Global Smart Commodity Group (GSCG) report.
FTX Enters Bankruptcy as Sam Bankman-Fried Steps Down as CEO
Troubled crypto exchange FTX filed for Chapter 11 bankruptcy protection in the U.S., with Sam Bankman-Fried resigning as the CEO.
Tornado Cash Sees about 80% Deposit Decline following OFAC Sanctions: Report
In just about a week since the US Treasury Department’s Office of Foreign Assets Control placed a ban on the crypto mixer, Tornado Cash, the total deposits on the platform have plummeted remarkably.
Demand for Crypto Mixers Hits ATH, Illicit Address Activities Draws Majority
The rising use of mixers in the crypto space should be a cause for concern because they are highly being utilized by cybercriminals and bad actors, according to Chainalysis.
Crypto Needs a Balanced Approach for an Enhanced Global Outreach, PayBito CEO Says
For crypto’s full potential to be harnessed, striking a balance between divergent patterns and enhancing diversity at all levels is needed, according to Raj Chowdhury, the CEO of crypto trading platform PayBito.
Alameda Research co-CEO Sam Trabucco Resigns
Sam Trabucco, co-CEO of Alameda Research, an encrypted digital asset fund, announced on Twitter that he would resign from his leadership position to focus on other personal matters.
44% of Germans Optimizes Crypto for the Future of Finance, Study Shows
Given that Germany is the first nation to recognize Bitcoin as a unit of value, 44% of respondents in the country view crypto as part of the future of finance, according to a study by crypto exchange KuCoin.
Over 50% Crypto Investors Backup Security Keys by Paper Wallets, Threatening its Vulnerability
New research by Unstoppable Domains, Efani, and NGRAVE found that more than half of crypto investors at 54% store their security keys on a paper wallet amid intensified cyber attacks.
NFT Transactions Projected to Hit $40m by 2027 amid Metaverse Trend
NFT transactions are expected to reach $40 million by 2027 as the metaverse trend continues gaining steam, according to a report by Juniper Research.
Global NFT Market Expected to Hit $97.6B by 2028, Recording a CAGR of 31.6%
Since non-fungible tokens (NFTs) help build authentic intellectual property, this is one of the key drivers expected to push the sector to a $97.6 billion valuation by 2028, according to a report by Research and Markets.
NFTs can Help Patients Have Significant Control of Personal Health Data: Global Scholars
A global and multidisciplinary team of scholars have released a publication noting that NFTs have the capability of spreading their wings to the healthcare sector by helping patients safeguard their personal health information.
Global Automotive Metaverse Market to Have a CAGR of 31.4% by 2030 - Research
A new survey is projecting the market value of the global automotive market at $1.9B by 2030
Citi Sees the Metaverse to Reach $8 Trillion to $13 Trillion by 2030
Citi expects the metaverse to be worth between $8 trillion and $13 trillion by 2030, given that the exponential growth of NFTs has brought it to the limelight.
Metaverse Hits Top 10 Strategic Technology Trends for 2023: Gartner
A study shows that the metaverse would remain one of the hot topics in the fintech industry. Metaverse also would be top ten strategic technology trends for 2023.
Standard Chartered Research Head Sees Depreciating US Dollar as Perfect Storm for Emerging Assets
The United States dollar is facing significant depreciation following the US elections according to Standard Chartered Bank’s Head of Research.
China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei
The Chinese central bank, People’s Bank of China’s (PBoC) Digital Currency Research Institute has signed an agreement with multinational telecommunications giant Huawei.