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Crypto Art Sales are Soaring as Non-Fungible Token (NFT) Market Gains Traction
Crypto art being bought and sold as ERC-721 non-fungible tokens (NFT) has been making headlines based on the record-breaking sales being witnessed.
Christie’s Auction House Sells NFT Crypto Art ‘Block 21’ for Over $130K
One of the most prestigious auction houses in the world, Christie’s has sold a digital portrait of the Bitcoin (BTC) code “Block 21” for over $130,000.
InvestHK Reveals Details of Virtual StartmeupHK Festival 2021
Invest Hong Kong is the department of the Hong Kong Special Administrative Region Government responsible for attracting foreign direct investment and supporting overseas and Mainland businesses to set up or expand in Hong Kong.
InvestHK announces core events of extended StartmeupHK Festival 2020
Invest Hong Kong (InvestHK) today (January 20) announced details of next month’s StartmeupHK Festival, its influential annual showcase of what’s new and what’s next in the world of start-ups. Entering its fifth year, the StartmeupHK Festival this year has been extended to six days and features seven core events that will present the latest ideas, trends and innovation to an audience from around the world.
Elon Musk Warns of AI’s Destructive Potential
Tesla and Twitter CEO Elon Musk has voiced his concerns over the potential for artificial intelligence to destroy civilization. Despite Musk’s plan to create a new AI startup, he acknowledges the dangers of the technology falling into the wrong hands or being developed with ill intentions.
InvestHK’s first virtual StartmeupHK Festival intrigues, surprises and succeeds
Hong Kong’s annual StartmeupHK Festival, the startup showpiece organised by Invest Hong Kong (InvestHK), ended July 10 after a record-breaking week that more than lived up to a common underlying theme apparent in each of the sector events and activities: innovation and problem solving as the driving force for startups.
Satoshi Nakamoto's Quotes on Trust - Trusted Third Parties
Satoshi Nakamoto's Quotes on Trust - Trusted Third Parties
Elon Musk Warns of AI’s Destructive Potential
Tesla and Twitter CEO Elon Musk has voiced his concerns over the potential for artificial intelligence to destroy civilization. Despite Musk’s plan to create a new AI startup, he acknowledges the dangers of the technology falling into the wrong hands or being developed with ill intentions.
How AI Is Changing the Online Gambling Industry
AI is revolutionizing online gambling by providing personalized experiences, improving detection methods, and preventing fraud. It helps developers, casinos, and players balance high returns while creating games tailored to player preferences.
Animoca Brands' Yat Siu Foresees Fruitful 2024 with Strategic Investments and Partnerships Amid Rising Bitcoin Interest
Yat Siu of Animoca Brands predicts profitable outcomes in 2024 due to increased Bitcoin interest among mainstream institutions.
Exploring the Boundaries of AI in Creative Domains: Can Machines Match Human Ingenuity?
We delves into the evolving capabilities of AI in creative domains, analyzing whether artificial intelligence can achieve a level of creativity comparable to humans.
Spotify removes AI-generated music
Spotify has removed 7% of AI-generated music created by Boomy due to fraudulent streaming activities. Universal Music Group had alerted Spotify of suspicious streaming activity on Boomy tracks. The removal of the songs was due to suspected artificial streaming by bots posing as listeners. Music industry giants like UMG are fighting to control AI, while some artists like Grimes are championing its use.
UK Media Mogul Calls DeFi a Revolution Against Corrupt Global Banking System
Alexander Lebedev, the billionaire UK media mogul and former banker has endorsed the revolutionary power of DeFi against a corrupt global banking system.
Crypto Exchange Coinsmart Announces Donations for Ukrainian Humanitarian Crisis
Canada-based cryptocurrency exchange CoinSmart announced it would donate aid for the emergency humanitarian crisis in Ukraine to help Ukrainian refugees.
Visa Unveils Innovative Web3 Loyalty Program with SmartMedia Technologies
Visa teams up with SmartMedia Technologies to launch a pioneering Web3 Loyalty Engagement Solution, revolutionizing customer loyalty with gamified, immersive experiences and digital wallets.
StarkWare partners with Chainlink
StarkWare integrates Chainlink oracle services and data feeds into its blockchain scaling platform.
Unstoppable Domains Partners with Fantom to Make Crypto Transactions Easier
To eliminate the pain points associated with crypto like misunderstanding, trepidation, and fear, Unstoppable Domains has collaborated with Fantom to make transactions simpler and easier.
Dubai’s Blockchain Market to Surpass $118 Million by 2025
Smart Dubai, a government entity established in 2013 to make Dubai a smart city, has revealed that the application of blockchain technologies in the city will increase to Dh437 million, around $118M USD, by 2025 from Dh 35 million, approximately $95M USD, recorded in 2018
What Happens When AI Meets Bitcoin and Crypto: Insights from Arthur Hayes
Arthur Hayes discusses the potential impact of AI on society, predicting that AI and robotics will eliminate tedious work, leading to a renaissance of art and culture. He believes AI could overtake humans and change the course of humanity overnight. Hayes believes Bitcoin will be the currency of choice for AI due to its digital nature, censorship resistance, and energy purchasing power.
AI bias: how blockchain can ensure its safety
Blockchain technology can combat bias in AI systems through decentralized, transparent smart contracts, but challenges like scalability, interoperability, and regulatory compliance need to be addressed.
Bakkt And Galaxy Digital Announce New Bitcoin Service Aimed at Institutional Investors
Regulated bitcoin futures provider Bakkt and Galaxy Digital’s trading arm seek to cater to the rising institutional demand for Bitcoin. The two firms have just developed a new service targeting institutional investors looking to purchase and store Bitcoin.
Nous Launches World's 1st Decentralised Hedge Fund
Blockchain start-up Nous Systems has announced the launch of the world's first decentralised hedge fund built on blockchain technology.
What is ChatGPT 5?
OpenAI's ChatGPT 5 is set to revolutionize AI-driven chatbots and language processing, with potential features including multimodal understanding, an enhanced knowledge database, and Artificial General Intelligence (AGI), expected to be released around 2025.
Hidden Road Partners in Big Talks With Top Firms to Provide Access to Trade or Hedge Crypto Risks
Hidden Road Partners is in talks with hedge funds and many of the top 20 global banks about providing access to trade or hedging their crypto risks, Bloomberg reported citing executives at the firm.
Chinese E-Commerce Giant JD.com Launches Enterprise-Level Blockchain-Based Smart Contracts
Chinese e-commerce giant JD.com, also known as Jingdong, has successfully launched two enterprise-level applications, including blockchain-based smart contracts, and the protection of commercially confidential information. These two applications were launched on JD’s independently-developed proprietary blockchain, JD Chain. The JD Chain blockchain framework was made open sourced around a year ago, five months after the company launched the JD Blockchain Open Platform enabling companies to use JD’s platform using pre-built APIs. The blockchain protocol has been opened up to allow enterprises to built custom solutions.
US Justice Department Charges Six People for Laundering Drug Cartel Money Using Crypto
The US Eastern District Court of Virginia has charged six people for allegedly involved in laundering millions of dollars for Mexican drug cartels using cryptocurrency.
Circle CEO Tells US Treasury Department to Provide a "Meaningful Safe Harbor" for the Crypto Industry
Circle CEO wants the US Treasury Department to provide improved regulation that can offer a “meaningful safe harbor” for players within the cryptocurrency.
Uber’s Former Security Chief Charged for Using $100K Bitcoin Hush Payment to Hide Data Breach
Former Chief Security Officer at Uber, Joseph Sullivan, has been charged with allegedly paying $100K in Bitcoin to hackers to cover up a company data breach.
Walmart Hires Digital Currency and Cryptocurrency Product Lead
The multinational retail giant in the United States, Walmart, is hiring managing position in charge of cryptocurrency and digital products.
Hong Kong Science and Technology Park: Turning Tech Startups' Visions into Reality
Blockchain.News sat down with Peter Mok, Head of Incubation and Acceleration Programmes, HKSTP to gain further insight into the incubation initiative and the custom-made programs, that have been designed to support technology startups, and specifically how they could be utilized by blockchain startups.
Kraken Is the First Cryptocurrency Exchange to Become a US Bank
Kraken San Francisco-based crypto exchange was approved yesterday by the Wyoming Banking Board and is now the first exchange to become a US bank.
Electric Capital Raises $1B to Invest in Crypto Startups
Palo Alto-based Venture Capital firm, Electric Capital announced today that it has raised the sum of $1 billion to invest in the cryptocurrency ecosystem
Hong Kong's K11 MUSEA Launches Large-scale Showcase of NFTs
Hong Kong's K11 MUSEA is launching a large-scale showcase of non-fungible token (NFT) art from April 29 to June 19, 2022, along with educational workshops and talks for all ages.
US Toughens Export Controls on Semiconductors to China Amid Military Concerns
The US Department of Commerce tightened export controls on advanced computing semiconductors to China and other countries of concern to address national security threats posed by military modernization. The rules, effective from November 16, 2023, refine the parameters defining restricted chips, introduce a global licensing requirement, and expand controls on semiconductor manufacturing equipment. The update also adds certain PRC entities to the Entity List, requiring a BIS license for foundries manufacturing chips for these entities.
Uniswap: Everything You Need to Know
Learn about: What Uniswap is, what the core concepts of UniSwap are. In this guide, we explain what's new in Uniswap V2, and the process of swapping tokens.
Manchester United Selects Blockchain Firm Tezos as Technical Partner
Manchester United has inked a multi-year deal with Tezos as its training kit sponsor, indicating it is one of the sustainable, reliable, and advanced blockchains providers.
Tripling of Bitcoin Millionaire Wallets in 2023: A Deep Dive into the Crypto Wealth Explosion
In 2023, the number of Bitcoin wallets with over $1 million increased by 237%, indicating a significant shift in cryptocurrency wealth and market dynamics.
Buy Us Out: Majority of Chinese Blockchain Companies Don't Develop or Even Use Blockchain Technology
Blockchain companies have become a hot property in China over the last few years, and the rise in company registrations really surged following Chinese Leader Xi Jinping announcment last October that the country must strive to become the global blockchain leader.
Bit Digital Signs Partnership with BitMine to Host 7,000 ASIC Miners
Bit Digital has signed on with BitMine to buy ASIC miners that use oil cooled immersion technology to create a highly efficient environment for heat dissipation, provide superior mining production, and machine longevity.
Leaked FinCEN Files: $137M Linked to Crypto Ponzi Scam OneCoin Laundered Through Bank of New York Mellon
A leaked trove of US official documents revealed that five major banks were involved in illicit transactions pertaining to mobsters and crypto Ponzi schemes.
Combating Deforestation with Blockchain in Africa: Everything You Need to Know
Have you ever thought of how blockchain can fight deforestation? Surprisingly, this application works. MIPAD startup demonstrates how blockchain is useful in tackling the deforestation crisis in Africa.
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.
Caitlin Long's Avanti Crypto Bank Raises $5 Million Funding Round, Inches Closer to Banking Charter Approval
Avanti Financial Group, the crypto-focused bank, led by the Caitlin Long University of Wyoming Alumna, has taken another important step towards becoming a chartered crypto bank in the country. Caitlin Long is the founder and CEO of Avanti bank. The crypto bank has raised an angel round worth $5 million from several popular investors in cryptocurrency. The University of Wyoming Foundation led the funding round with partnerships from Malex Enterprises, Lemniscap, Antony Pompliano, Morgan Creek Digital, Blockchain Capital, Madison Paige Ventures, Gary Gigot, Digital Currency Group, Susan B. Anthony, and many others.
Forsage Founders Indicted for Alleged $340 Million "Global Ponzi" Scheme on Ethereum Blockchain
Oregon's federal grand jury indicted Forsage's founders. "Global Ponzi and pyramid scam" investors lost $340 million on the site.
Bitcoin Miner Bitfarms Mines 411 BTC in September 2023
Bitfarms, a Canadian Bitcoin mining firm, mined 411 BTC in September 2023, marking a 7.3% increase from the previous month. The company sold 362 BTC, generating $9.5 million in revenue. Bitfarms has been expanding its operations, including fully energizing its Argentina facility at Rio Cuarto to 51 MW, and increasing its total operating capacity to 233 MW.
Ethereum Co-founder Vitalik Buterin Engages in Spirited Debate on Wallet Security
In a recent Ask Me Anything (AMA) session on Twitter, Ethereum co-founder Vitalik Buterin fielded various questions from the cryptocurrency community. The session largely revolved around the pros and cons of MPC-based (EOA) wallets versus Smart Contract wallets, providing intriguing insight into Buterin's perspective.
Samsung Inks Deal with Nifty Gateway, Allowing Trading NFTs with Smart TVs
South Korean electronics giant Samsung has teamed up with Nifty Gateway to develop a new line of smart TVs that will enable trading NFTs.
CoinSmart Is on the Hunt to Buy Distressed Crypto Assets
The recent market crash is the latest in global financial events that have created unique opportunities for buyers like CoinSmart and FTX wanting to acquire distressed crypto firms at a bargain valuation.
StanChart and UnionBank of the Philippines Collaborate on PoC of $187 Million Blockchain-Powered Bond
The UnionBank of the Philippines and Standard Chartered have created a proof of concept required in the issuance of a blockchain-powered retail bond.
Walmart Installing Bitcoin ATMs in its Retail Stores
Some Walmart customers are now able to purchase Bitcoin in its stores. Walmart's spokesperson said serval pilot tests conducted by Coinstar started earlier this month, including 200 kiosks in Walmart stores.
Randall Crater, Founder of "My Big Coin" Sentenced
A U.S. Federal Court Judge sentenced Randall Crater to 100 months in prison. Crater defrauded 55 investors with $7.6 million.
Philippines Spearheads ASEAN AI Regulatory Framework
Philippines' Congress Speaker Martin Romualdez plans to introduce an AI regulatory framework to ASEAN during its chairmanship in 2026, focusing on digitization, cybersecurity, and managing generative AI in economic policies.
Terra's Partnership with Washington Nationals Raises Eyebrows
Terra, the cryptocurrency ecosystem that collapsed in May 2022, made a prominent appearance at Nationals Park during the Washington Nationals' home opener on March 30. Despite Terra's collapse, a partnership between the company and the baseball team had been in effect since February 2022, with the Terra community committing $38.2 million over five years to secure the deal. Terra's founder, Do Kwon, is currently in police custody in Montenegro and is reportedly facing harsh conditions in the penal system.
BNB Smart Chain's Remarkable 85% Security Triumph in 2023
BNB Smart Chain's security enhancements in 2023 led to an 85% reduction in financial losses from security incidents, a striking contrast to the previous year's $1.1 billion losses.
EDX Markets Partners with Solidus Labs to Monitor $16 Trillion in Crypto Trading with HALO Platform
EDX Markets has partnered with Solidus Labs to use the HALO platform, monitoring $16 trillion in crypto trading, enhancing compliance and risk management.
Ripple CTO Advocates for Community Consensus on XRP Ledger's AMM Feature Integration
Ripple's CTO, David Schwartz, stresses the importance of community consensus for integrating the Automated Market Maker (AMM) feature on the XRP Ledger. Through discussions on X (formerly Twitter), Schwartz outlines a methodical approach to addressing concerns and urges validators to support the amendment only after achieving community agreement. The AMM feature, seen as a significant stride in decentralized finance on XRPL, was introduced in rippled version 1.12.0 alongside a potential clawback feature aimed at legal liability protection for developers. Schwartz's engagement exemplifies a balanced approach to evolving XRPL while preserving its decentralized character.
Singapore Regulator MAS is Exploring Use of Cases in Digital Assets
The Monetary Authority of Singapore (MAS) has launched Project Guardian, a sandbox initiative that is set to explore a number of defined use cases with respect to asset tokenization on the blockchain.
US Justice Department Charges John McAfee with Cryptocurrency Fraud
Antivirus software entrepreneur John McAfee has been charged with fraud and crypto pump and dump scheme offenses by the US Department of Justice, which alleges that he and his accomplices participated in a scheme that earned them more than $16.9 million by fraudulently promoting altcoins to unwitting investors.
Stellar (XLM) Development Foundation Delays Protocol 20 Upgrade Due to Core Bug
The Stellar Development Foundation has postponed the vote on Protocol 20, initially set for January 30, following the discovery of a bug in Stellar Core v20.1.0. The decision was made to ensure ecosystem readiness and broad consensus, with the new vote date to be determined after the bug fix release, expected within the next two weeks.
U.S. District Judge Kevin Castel Grants Request to Defer civil cases
On Feb. 13, Manhattan District Judge Kevin Castel granted the applications to suspend the civil proceedings "without prejudice" until the DOJ's trial against SBF begins.
Alonzo Smart Contract Upgrade Goes Live on Cardano
The Alonzo Hardfork with its accompanying capability for smart contracts has gone live on the Cardano blockchain.
China Updates Smart City Infrastructure with Blockchain-Based City Identification System
China Updates Smart City Infrastructure with Blockchain-Based City Identification System
Algorand Foundation Expands its Presence in India
Algorand worked with Hyderabad-based innovation hub T-Hub to assist companies access global financing.
Bernar Venet Explores Generative Art with Sotheby's Metaverse Debut
French artist Bernar Venet collaborates with Sotheby's Metaverse on "EVENT," his first generative artwork on Ethereum blockchain, challenging traditional artistic creation with 500 unique pieces.
Hong Kong Blockchain Ecosystem Feb 2020 - New Members
Hong Kong Blockchain Ecosystem Feb 2020 - New Members
Ethereum Layer 2s See Surge in Popularity in Q1 2023
Alchemy's Q1 2023 report shows Ethereum layer 2 networks, including Optimism, Arbitrum and Polygon, saw a 44% increase in bridged crypto assets compared to Q4 2022, and a 518% increase compared to Q1 2022. The report suggests this growth may have been driven by successful airdrops from Optimism and Arbitrum. Additionally, the deployment of smart contracts related to layer 2s increased by 160% compared to Q1 2022, despite a 30% decrease from Q4 2022.
How Blockchain Is Creating 5 Fintech Disruption Opportunities
Fintech blockchain acquisition is not only about testing and watching. It’s also about proactively taking action and applying the technology.
IOTA Co-Founder: DLT is Ideal for Smart Infrastructure in the United States
As the world is moving on to the 21st century, there is growing interest in upgrading city systems, which would require new technology as a solution.
Virgil Griffith Sentenced to 5-Year Jail for Helping Individuals in North Korea Evade Sanctions
An American citizen is sentenced to 63 months in jail by U.S. District Judge for allegedly helping individuals in the DPRK (North Korea) to evade sanctions imposed by the U.S.
BNB Smart Chain (BSC) Advances with BEP 336: Introducing Blob Transactions for Enhanced Network Performance
BNB Smart Chain introduces BEP 336 upgrade, inspired by Ethereum's EIP 4844, to optimize data storage and reduce transaction costs, preparing for a network performance boost.
Arthur Hayes suggests Dogwifhat (WIF) may hit $10
Arthur Hayes suggests Dogwifhat (WIF) may hit $10, leveraging the crypto trial verdict which negated Wright's claim as Bitcoin's creator.
Breaking: Binance Sells Russian Operations to CommEX, Exits Market
Binance has announced the sale of its entire Russia business to CommEX, citing compliance issues as the primary reason for the exit. The transition process for existing Russian users is expected to take up to one year, with no financial strings attached to the deal for Binance.
What is Bitcoin Ordinals?
Bitcoin Ordinals, introduced in January 2023 by Casey Rodarmor, are a way to inscribe digital content on the Bitcoin blockchain.
Blockchain Monitor Launched to Track Coronavirus-Free Safe Zones to Protect the Non-Infected Community During Pandemic
The coronavirus pandemic has currently reached countless countries and territories all over the world and has caused over 220,000 infections in the world population. With the global death rate climbing and almost reaching 9,000, the World Health Organization declared it as a pandemic on March 11.
EU to Regulate AI Use of Copyrighted Material
The European Union has passed a draft bill to regulate AI use of copyrighted materials. AI tools will be classified according to their risk level, with high-risk tools subjected to stricter transparency procedures. The bill is part of the EU's Artificial Intelligence Act and aims to strike a balance between protecting citizens and fostering innovation.
The World Economic Forum Forms Six Tech Policy Councils Including Blockchain
The World Economic Forum (WEF) launched six different “fourth industrial revolution councils” to help regulators working on the new technology policy guidance. The new technology included artificial intelligence, autonomous mobility, blockchain, drones, internet of things and precision medicine, as revealed on 29 May.
What are Smart Contracts and Why are They Important?
Since the lack of transparency puts the security of any transaction in jeopardy, this as now a problem of grave concern, so how do smart contracts solve these problems?
Indian Government Deploys Blockchain and AI to Enhance Supply Chain
The Indian government has deployed high-end technologies like blockchain and artificial intelligence (AI) in its public procurement portal (GeM) to enhance trade.
Singapore Unveils Ambitious National AI Strategy 2.0 for Future-Ready Innovation
Singapore's updated National AI Strategy 2.0, launched on Dec 4, focuses on expanding AI talent to 15,000, building an AI community hub, and integrating AI across various sectors for public good.
Envisioning the AI Ecosystem of Tomorrow: Perspectives and Principles
This article delves into the future of AI, exploring the concept of 'shared intelligence' in cyber-physical ecosystems. It highlights the shift from artificial narrow intelligence to more complex, interconnected systems, emphasizing the role of active inference, a physics-based approach, in AI's evolution. Ethical considerations in respecting individuality within these intelligent networks are also discussed, framing a future where AI is not just advanced but also ethically grounded.
Grimes Offers to Split Royalties with AI-Generated Music Creators
Musician and producer Grimes has announced that she is in favor of AI-generated music and will treat AI creators using her voice the same as other artists she collaborates with. She plans to split 50% royalties on any successful AI-generated song that uses her voice. Grimes has no label and supports open-sourcing art, ultimately “killing copyright.”
Blockchain and AI: The Delicate Balance Between Two Cyber Titans
Artificial Intelligence and Blockchain. A technological duality with immense potential to disrupt and create a new order. But is mankind playing with fire?
Binance to Airdrop $3 Million BNB to Aid Morocco Earthquake Victims
Binance Charity has pledged to airdrop up to $3 million in BNB to affected users in the Marrakesh-Safi Province of Morocco. The airdrop will be based on Proof of Address (POA) submissions, with users who completed their POA by 9 September 2023 eligible for a $100 BNB airdrop. Binance has extended a grace period for those not completing their POA between 9 September and 30 September 2023. The initiative is expected to benefit around 70,000 users in Morocco, with funds distribution starting on 12th September 2023. Binance Charity has set up a public donation address for donations.
Josh Swihart Becomes CEO of Electric Coin Company (Zcash) as Zooko Wilcox Steps Down
Josh Swihart replaces Zooko Wilcox as CEO of Electric Coin Company, bringing a strong background in technology and product development to drive the growth of Zcash.
UK Treasury to Omit Derivatives, Unbacked Tokens from Sandbox
The United Kingdom Treasury Department has suggested in its recommendations for a digital securities sandbox that unbacked crypto assets and derivatives be removed from the scope of the project.
Signature Bank Under Investigation by US Government Bodies
Signature Bank is reportedly under investigation by both the Securities and Exchange Commission and the Department of Justice over concerns that the bank did not take adequate measures to detect potential money laundering by its clients. The bank was closed on March 12 as part of a series of bank closures that also included Silvergate Capital and Silicon Valley Bank.
Vodafone DAB and Chainlink Labs Unveil Blockchain Solution to Streamline Global Trade
Vodafone's Digital Asset Broker and Chainlink Labs, in partnership with Sumitomo Corporation and InnoWave, have developed a proof of concept to improve the global trade ecosystem. The initiative aims to facilitate the seamless exchange of trade documents across various platforms and blockchains, reducing fragmentation and inefficiencies. The collaboration uses Chainlink's Cross-Chain Interoperability Protocol for security and interoperability, paving the way for smart contract, blockchain, and AI applications.
Exclusive: Access, Connectivity and Inclusion—How UNICEF Leverages Blockchain to Close the Digital Divide
Christina Lomazzo is the Blockchain Lead for UNICEF’s Office of Innovation; whose work mainly involves leading the blockchain efforts at UNICEF Ventures where she heads up a diverse team of six. Together they invest in early technology prototypes that they assess and determine could have an exponential impact on UNICEF’s operations and ability to fulfill its mission across the developing world.
Dallas Cowboys Signs Deal with Blockchain.com, Becomes 1st NFL Team to Enter Crypto Space
Dubbed as the first crypto deal in the National Football League (NFL), the Dallas Cowboys have chosen cryptocurrency platform Blockchain.com as its “exclusive digital asset partner.”
Thai Political Party Proposes Digital Currency Stimulus
The Pheu Thai Party in Thailand plans to give all Thai residents over the age of 16 a stipend of $300 in digital currency if the party wins the next election. The initiative aims to stimulate the local economy using blockchain technology.
Circle Partners with Cross River Bank for USDC Production and Redemption
Circle has partnered with Cross River Bank for USDC production and redemption, as well as expanded relationships with other banking partners like BNY Mellon. The USDC stablecoin recently experienced a peg-breaking incident but has since recovered.
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.
Over 1 Million Applicants Join Nigeria's 3MTT AI Program
Nigeria's 3MTT program, led by Bosun Tijani, is attracting over one million applicants, demonstrating the country's commitment to AI education and fostering a technologically skilled workforce.
FIS Partners with Fireblocks to Enable Capital Market Clients to Access Crypto Products
The partnership between FIS and Fireblocks is set to enable capital markets buy-side, sell-side and corporate companies to gain access to the major crypto trading avenues.
TomoChain Prepares for Zorro Network Upgrade
Smart contract platform TomoChain today released details of an upgrade to its network. The Zorro Network upgrade will take place on January 22nd and will improve the functionality of the Ethereum Virtual Machine (EVM) — a collection of nodes that ensure security for the Ethereum network.
Astar Network To Launch Smart Contracts 2.0 on the Mainnet on April 6th
Astar Network, a smart contracts platform for multichain, is thrilled to announce that it will launch Smart Contracts 2.0 – the WebAssembly (WASM) smart contracts that extend the Web3 functionality of EVM – on the mainnet at 14:00 UTC on Thursday, April 06th. With this technical update, Astar Network will support both Ethereum Virtual Machine (EVM) and WASM VM smart contracts on the mainnet.
What Is Tome AI?
Tome AI is an AI-powered platform for generative storytelling. It creates narratives and presentations, integrating interactive content and offering mobile-responsive layouts. It's used for creating decks, roadmaps, and more.
US Treasury Invites Public Opinions on Digital Assets Framework
The US Treasury Department has requested US citizens to comment on how Biden's Executive Order on digital assets could be streamlined and modernized.
Flipkart Introduces Avenue for Indians to Shop in the Metaverse
Flipkart has launched the Flipverse campaign to enable to Indians shop in the metaverse
Digital Asset Firm Castle Island Ventures Raises $250M to Target Web3 Crypto Startups
Digital asset company Castle Island Ventures completed the largest financing in history, up to $250 million to invest in startups focused on building currency networks, financial services and Internet architecture.
Chinese City Eyes Blockchain Applications for Urban Governance and Smart Education
Chengdu, the capital of China’s Sichuan province, aims to develop blockchain applications to revolutionize cross-border trade, urban governance, and smart education by 2022.
China Unlikely to Approve Oracle and Walmart’s TikTok Deal – Blockchain and Bitcoin Implications
China appears to be on edge regarding Oracle and Walmart’s deal with parent company ByteDance for TikTok’s US operations, calling it an “unfair deal.”
Malaysia's National Stock Exchange Conducts Blockchain PoC to Digitize Bond Market
Malaysia’s national stock exchange, Bursa Malaysia will conduct a blockchain Proof-of-Concept (PoC) dubbed "Project Harbour" to explore the DLT management of the country’s bonds market.
China to Strengthen Artificial Intelligence Development with New Legislation
China has included a draft AI law in its legislative agenda for the State Council in 2023, which will be reviewed by the National People's Congress.
SBI Holdings to Launch Investment Fund for Emerging Companies like Web3, AI, and Metaverse Startups
SBI Holdings plans to invest 100 billion yen in startups focusing on Web3, AI, and metaverse, with financial institutions supporting Japan's goal to nurture its startup ecosystem and enhance its Asian startup hub position.
Real Vision CEO believes NFT will act similar to high-end property
The Real Vision CEO predicted that when the crypto market swells again, high-end NFTs would be bought like high-end property.
Ethereum Foundation Brings Blockchain to UNICEF
The Ethereum foundation team made a series of donations to the United Nations Children's Fund (UNICEF), in a move considered both charitable and good for blockchain adoption.
Walmart Canada Delves Deeper into Blockchain with DLT Labs Tie-Up
Walmart Canada has teamed up with DLT Labs for its blockchain-driven freight and payment network that is touted to be the world’s most prominent full production blockchain solution for any sector application.
Japan Moves to Boost VC Investments in Web3 Companies Through Cryptocurrency Acquisition Bill
Japan's government plans to amend LPS laws to allow cryptocurrencies acquisition and holding, aiming to simplify investment processes and support Web3 businesses, boosting domestic startups.
European Crypto Startups See Record VC Investment in 2022
Despite a challenging year for the crypto industry in 2022, VC investment in European crypto startups reached an all-time high of $5.7 billion, with decentralized finance startups seeing a 120% increase in investments. Europe is also home to the highest number of crypto startups, but lags behind the US in unicorns and startups with over $1 million in funding. Investment in financial service-based startups declined by 19% compared to 2021, while infrastructure grew by 24%. The EU's Markets in Crypto-Assets regulations are set for a final vote in April 2023.
Binance CEO CZ Discusses the Rise of the Ethereum Killer, the Binance Smart Chain
Changpeng Zhao says he has a little role to play in the emergence of the Binance Smart Chain.
Elon Musk Warns of AI Destructive Potential
Tesla and Twitter CEO Elon Musk has voiced his concerns over the potential for artificial intelligence to destroy civilization. Despite Musk’s plan to create a new AI startup, he acknowledges the dangers of the technology falling into the wrong hands or being developed with ill intentions.
ADA Price Surges to $0.50 as Cardano Inches Closer to DeFi with Mary Hard Fork
The ADA token price is up nearly 50% this week as Cardano inches closer to DeFi following the blockchain’s successful Mary hard fork upgrade.
Binance Labs Launches Season 7 of Incubation Program for Web3 Innovators
Binance Labs invites early-stage Web3 founders to apply for Season 7 of its Incubation Program, offering tailored mentorship and resources.
What is Liquid Staking?
Liquid staking is revolutionizing the DeFi landscape by allowing users to stake their crypto assets while maintaining liquidity and earning rewards. This innovative approach is gaining traction in the crypto community.
Tencent Cloud Launches Deepfake Generator
Tencent Cloud, the cloud services arm of Tencent, has launched a deepfake generator that uses three-minute video clips and 100 voice sentences to create convincing digital humans. The service can create deepfakes in Chinese and English and costs $145.
Dubai Economy Moves to Blockchain-Based Unified Business Registry Platform
Dubai’s Department of Economic Development has announced its move to a Unified Business Registry Platform (UBRP). The UBRP is hosted on the innovative Blockchain Platform as a Service (BPaaS) of Dubai Pulse which is a joint initiative of Smart Dubai and du.
Report: TON and Telegram Forge Alliance in Q3 2023
The TON Ecosystem saw substantial growth and strategic alliances in Q3 2023. Notable highlights include a collaborative venture with Telegram, set to roll out the self-custodial wallet, TON Space, to Telegram's 800 million users, and a steady increase in TON accounts and on-chain active wallets. Various community initiatives and developer-centric events further illustrated TON's commitment to fostering a robust ecosystem, setting a solid foundation for its expansive vision in the crypto landscape.
China’s Blockchain and FinTech Sector to Brace for 'Capital Winter' Even After the Coronavirus Pandemic Subsides
Investment activity in China’s tech sector has seen a massive drop in the past four months since the coronavirus outbreak has emerged from the city of Wuhan. The venture capital market has been suffering a tremendous impact on its existing drop in activity.
Swiss Crypto Firm Launches Venture Fund, Supporting African Early-Stage Blockchain Startups
Crypto Valley Venture Capital's venture fund will offer early-stage financing to African blockchain startups that have the potential to benefit humanity.
Arthur Hayes Talks about BTC and SPX Post U.S. BTC ETF Launch
Arthur Hayes has highlighted the evolving relationship between Bitcoin and the S&P 500, raising questions about market dynamics, liquidity, and future asset trajectory.
CertiK Outlines Mobile Blockchain Security Threats and Countermeasures
CertiK discussed security challenges of blockchain technologies on mobile platforms, including malware, insecure wallet apps, and network vulnerabilities, and provided countermeasures like reputable security solutions and regular updates.
Bitget Launches Blockchain4Youth Initiative
Bitget has announced the launch of its new corporate social responsibility project, Blockchain4Youth, which will provide blockchain courses and certifications, host campus lectures in partnership with universities worldwide, and incubate innovative projects by young entrepreneurs. The initiative will commence with a series of campus lectures on Web3 held in universities across Taiwan, Vietnam, and Thailand. Bitget plans to allocate $10 million over five years towards this project.
Hedera Mainnet Exploited, Leading to Theft of Liquidity Pool Tokens
Hedera Hashgraph has confirmed a smart contract exploit on its mainnet, resulting in the theft of liquidity pool tokens from decentralized exchanges (DEXs) that use code derived from Uniswap v2 on Ethereum. The suspicious activity was detected when the attacker attempted to move the stolen tokens across the Hashport bridge, leading operators to temporarily pause the bridge. The exact amount of tokens stolen is unknown, and the Hedera team is working on a solution to remove the vulnerability.
Indian Engineering Students Develop Blockchain-based Smart Voting System
Three Computer Engineering Students have created a Blockchain-based Voting System which will allows casting of votes online, instead of the manual means of standing in a poll.
Gemini Allocates $24 Million for Expansion in India
Gemini is set to invest $24 million in its Gurgaon development center in India, focusing on core platform areas like compliance and security. The move is part of Gemini's broader strategy to tap into India's burgeoning tech and startup ecosystem.
FLUUS Announces $FLUUS Token Presale On FantomStarter Launchpad
Crypto payment startup FLUUS announced it will be conducting a presale of its native token $FLUUS on the FantomStarter launchpad. The token will be available to buy at a discounted rate on the platform from May 2 - 23, with whitelisting available until May 17, before it becomes available to trade publicly on major cryptocurrency exchanges from May 24 onwards
Hong Kong with its Incredibly Unique Positioning in FinTech
In the second part of our interview with Peter Mok, Head of Incubation and Acceleration Programs at the Hong Kong Science and Technology Park (HKSTP), he went into detail on the initiatives they have developed to combat the global talent shortage, bring Hong Kong’s lagging Fintech industry up to speed and he tells us how blockchain startups can leverage the Hong Kong-Shenzhen Innovation and Technology Park.
FTX Founder's Lawyers Consider Delaying Criminal Trial
Lawyers representing FTX founder Sam Bankman-Fried have hinted that they may need to delay his criminal trial due to a lack of evidence from the Department of Justice (DOJ). The trial, which is scheduled to begin on October 2, will focus on fraud charges against Bankman-Fried. His lawyers have stated that they are still waiting for a "substantial portion" of evidence to be handed over to them, including evidence from devices belonging to former FTX employees who have pleaded guilty to fraud charges.
Brazil Real Estate Developer Stalwart Gafisa Starts Accepting Bitcoin as Payment
Stalwart Gafisa believes that Bitcoin will add real value to its clients’ experience.
HeartX Launches Web3 Marketplace and Community Aim to Revolutionize Digital Art Industry
HeartX, previously known as ArteX, a trailblazer in the digital art industry, has recently rebranded and unveiled a groundbreaking web3 marketplace and community that empowers artists, collectors, art consultants and art lovers to redefine the value of digital art. The HeartX platform provides a secure, immersive, and transparent space for creating, sharing, and trading digital artworks, catering to artists, collectors, and the web 3 community alike.
From $5,000 to $120,000: Standard Chartered's Controversial Bitcoin Price Predictions
According to Retuers, Standard Chartered predicts Bitcoin's price to reach $120,000 by 2024, reaching $50,000 this year and $120,000 by 2024. This upward trend aligns with the recent increase in Bitcoin's value, encouraging miners to hold onto the digital currency.
Senator Warren Focuses on Crypto Scam Risks for Seniors, Advocates New Legislation
Senator Warren emphasized the Digital Asset Anti-Money Laundering Act, gaining bipartisan support to regulate crypto activities and protect vulnerable populations from financial fraud.
Ripple on the Brink of Decisive Win as SEC Legal Battle Nears End
Ripple is expected to win a legal battle with the SEC, potentially settling $20 million or less. This victory is expected due to legal perspectives and the recent Second Circuit Court ruling, impacting digital currency regulation.
Mysterious Bitcoin Inscriptions: A Puzzle in Raw Binary Data
A mysterious Bitcoin user inscribed 9MB of raw binary data on the blockchain, spending over $64K. The encrypted data's purpose remains unknown, stirring speculation in the crypto world.
Binance’s Partnership with Eqonex Raises Concern from UK’s Financial Regulator
Binance continued access to the UK payments network is a rising concern to the UK's Financial Conduct Authority.
Ukraine’s Largest Bank Privatbank Suspends Money Transfers to Crypto Exchanges amid Martial Law
Other local banks in Ukraine have also imposed restrictions authorized by the country’s central bank under the current martial law.
FinCEN Issues Alert to Counter Financing to Hamas and its Terrorist Activities
The Financial Crimes Enforcement Network (FinCEN) of the U.S. Department of the Treasury has issued an alert to financial institutions, urging vigilance in identifying and reporting suspicious activities related to the financing of the terrorist organization Hamas. The alert comes in the wake of a Hamas-led attack on Israel on October 7, 2023, which was funded through various means, including virtual currency.
NBG Georgia Shortlists Ripple Among Tech Firms for CBDC Pilot
The National Bank of Georgia progresses with its Digital GEL Pilot Project, focusing on the exploration of Central Bank Digital Currency (CBDC) technology. Nine technology firms, including Ripple Labs, Inc., have been shortlisted for potential collaboration. The initiative mirrors global trends in modernizing financial infrastructures to meet the digital economy's evolving demands.
Brazil Considers CBDC Project as a Means to Innovate Digitally: Economist
The development of CBDC means several things to several people, and for Brazil, it is a broad complement to its already transforming payment ecosystem.
Beyond Startups—Championing for an Ecosystem to Drive Blockchain Forward
Tribe Accelerator is Singapore’s first government-backed blockchain accelerator, on a mission to bridge the gap between blockchain startups and the traditional world. Yi Ming Ng, the Managing Director at Tribe Accelerator, believes that blockchain is beneficial to a lot of businesses from different industries. However, there has been a lot of fear and speculation around cryptocurrencies in the traditional corporate world.
StanChart CEO Bill Winters: Mass Adoption of Digital Currencies is "Absolutely Inevitable"
Standard Chartered CEO Bill Winters delved into the issue of digital currencies and said that he believes their widespread creation and rollout was absolutely inevitable.
US Senators Introduce Bipartisan Stablecoin Bill to Establish Regulatory Framework
Senators Kirsten Gillibrand and Cynthia Lummis have introduced the Lummis-Gillibrand Payment Stablecoin Act, a new bipartisan legislation aimed at creating a clear regulatory framework for payment stablecoins. The bill aims to protect consumers, promote innovation, and maintain the dominance of the US dollar while addressing concerns related to money laundering and illicit finance.
Shaping the Future of Banking: Standard Chartered and PwC China Release White Paper on Central Bank Digital Currency"
Standard Chartered, in collaboration with PwC China, have co-published a comprehensive white paper detailing the potential advancements in the future of banking, courtesy of Central Bank Digital Currency (CBDC).
Banking Infrastructure Needs Blockchain Technology to Meet Rapid Fintech Enviroment, HashCash CEO Says
With the fintech industry making significant strides within a short time, the banking sector ought to integrate blockchain technology to keep pace with this area, according to HashCash CEO Raj Chowdhury.
Token Metrics CEO: Bitcoin Price Increase to $26k likely, $32k Possible, and $40k Outlandish
Bitcoin's market rise today is historic, with the price currently sitting at over $21,770 we are officially in uncharted territory - At what price level will the BTC bulls rest?
Neo-Banking Crypto Startup Juno Raises $18M in Series A Funding Round
The India’s neobank is seeking to use the funds towards accelerating its growth and launching more products.
New Zealand's Tax Authority Demands Info on Crypto Investors
New Zealand's Internal Revenue Department has asked all companies to pass on customers' personal details as well as the type and value of their crypto assets.
Fireblocks Introduces 'Off Exchange' to Address Exchange Counterparty Risk, Integrates with Deribit
Fireblocks introduces 'Off Exchange', reducing exchange counterparty risk for institutional traders, allowing them to trade directly from on-chain MPC shared wallets, marking a significant advancement in digital asset trading.
US Congress Proposes Bill to Restrict Government Interactions with Foreign Adversarial Blockchain Networks
US Congress introduces H.R.6307, limiting government interactions with Chinese blockchain networks, addressing national security and data privacy concerns, and urging increased scrutiny in the technology sector.
Axiom Secures $20 Million in Series A Funding for Blockchain Data Access Innovation
Axiom, a smart contract infrastructure firm, raises $20M in Series A funding led by Paradigm and Standard Crypto, aiming to transform blockchain data access using zero-knowledge cryptography.
South Korean Hospitals to Usher in New Healthcare Era Using Blockchain Technology, AI and Big Data
South Korean hospitals intend to set the ball rolling in ushering in a new healthcare era using industry 4.0 technology like blockchain, artificial intelligence (AI), and big data.
NFT Trading Platform Giant MakersPlace Completes $30M in Series A Financing
Non-Fungible Token (NFT) trading platform MakersPlace announced the completion of a $30 million Series A financing jointly led by Bessemer Venture Partners and Pantera Captial.
Predictions of Rising Potential for Bitcoin and Ethereum in 2020
A recent Forbes article gives us insights into the driving forces which could determine the trends to follow in the upcoming year, within the cryptocurrency market. Read more in the article below, with insights from leaders from BIS, NEM Ventures, Close Cross, and CVA.
Embattled BitMEX Co-Founders to Pay $30M in Civil Fine
The United States District Court for the Southern District of New York (SDNY) has pronounced a combined Civil monetary fine of $30 million for the three embattled BitMEX exchange co-founders indicted for violating the US Bank Secrecy Act
At Least $150M Stolen by Hackers: BitMart CEO Confirms; While Security Firm Estimates More
BitMart experienced a large-scale security breach in which hackers were able to withdraw assets valued at up to approximately $150m, according to the cryptocurrency trading platform's CEO.
US House to Hold Joint Hearings on Digital Assets
The House Financial Services Committee, Agriculture Committee, and subcommittees will hold joint hearings in May on establishing a bill to provide regulatory clarity to the digital asset ecosystem. The hearings will focus on addressing the market structure and striking a balance between protecting consumers and promoting responsible innovation. The goal is to report a bill out that deals with the capital raising piece for digital assets, all the way through to how a product can go from a securities regime to commodities regime, while preserving rights around products that do not fit into either regime.
US Department of Homeland Security to Host Blockchain-Based Digital Wallet Event with $25K Reward
DHS Science and Technology Directorate (S&T) and Silicon Valley Innovation Program (SVIP) will host a virtual event for a Digital Wallets Challenge on Oct 27.
Global Blockchain IoT Market Expected to Generate Returns Worth $5.8 Billion by 2026
The global blockchain IoT market is expected to offer a revenue of $5.802 billion by 2026, driven by factors like IoT being increasingly implemented by mand end-use industries worldwide.
Meta's Martin Signoux Predicts AI Model Developments for 2024
Martin Signoux predicts 2024 AI model trends including Large Multimodal Models, continuous improvements, Small Language Models' significance, open and proprietary models coexistence, benchmarking challenges, and public debate on AI risks.
Binance Finalizes Maverick Protocol Integration on BNB Smart Chain
Binance has integrated Maverick Protocol (MAV) into its BNB Smart Chain, enabling MAV token deposits and withdrawals on the BEP20 standard. This decentralized finance infrastructure optimizes liquidity for traders, providers, and developers. Users can find their MAV deposit address on the BNB Smart Chain.
Total Value Locked in DeFi Jumps to $208 Billion with Ethereum Taking the Lion’s Share
According to DefiLlama, a ranking and metrics provider for DeFi protocols, the total value locked (TVL) in this sector stands at $208.03 billion.
Circle Introduces Gas Station and Smart Contract Platform to Streamline Web3 Development
Circle announces new Web3 services—Gas Station and Smart Contract Platform—to simplify blockchain development and lower costs. These user-centric solutions aim to accelerate the mass adoption of blockchain technologies.
Smart Contract 101: What is the Structure of a Contract?
A better understanding of the Blockchain Structure could help us learn how to create smart contracts efficiently, here is a simple overview as part of our Learn series.
European Commission Launches Research Unit to Investigate Algorithms Used by Big Tech
The European Commission has launched a new research unit called the European Centre for Algorithmic Transparency (ECAT) to investigate the impact of algorithms used by prominent online platforms and search engines such as Facebook and Google. The team will analyze and evaluate the AI-backed algorithms used by Big Tech firms to identify and address any potential risks posed by these platforms.
Coinsquare Acquires CoinSmart to Float a Dominant Crypto Exchange in Canada
Coinsquare has entered into a decisive agreement with CoinSmart Financial Inc to purchase the crypto trading platform
LG Electronics Expands Business in terms of Blockchain Technology & Crypto
As part of its expansion plan beyond home appliances, South Korean tech giant LG Electronics intends to add blockchain, cryptocurrency, and medical devices as new sectors in its corporate charter.
Sotheby's to Accept Ether in Live Bidding for Sale of Banksy's Works
Sotheby’s auction house will be accepting Ethereum cryptocurrency during live bidding for its upcoming virtual exhibition where two of Banksy's artworks will be up for sale.
Stripe Resumes Crypto Service Offerings, Partners with FTX
Stripe is rejoining cryptocurrency space support again by building partnerships with FTX.
Ex-Polychain Capital General Partner Launches $125M Crypto Venture Fund
The fund, dao5, will invest in early-stage protocols and blockchain firms.
Bitcoin’s Taproot Upgrade Launch in Three Days, Smart Contract Capabilities to be Unlocked?
Within around three days, Bitcoin’s Taproot will go live. It is arguably the most anticipated and vital upgrade to the BTC network since the Segregated Witness (SegWit) improvement in 2017.
PwC Singapore's Venture Hub, on the Investment Sentiment of Blockchain Startups
We arranged an interview with Lim Shu Ning, Director in PwC Singapore’s Venture Hub specializing in Blockchain during the SFF, which Shu Ning shares with us the investment sentiment of Singaporean blockchain startups and the state of enterprise blockchain adoption in Singapore.
Bitget creates an AI-powered crypto trading tool
Bitget, an influential entity in the fields of crypto derivatives and copy trading, has introduced a novel tool called the Martingale AI trading bot. This AI-powered innovation is engineered to help its users trade cryptocurrencies with higher efficiency.
Binance to Support BNB Beacon Chain and BNB Smart Chain Network Upgrades and Hard Forks
Binance supports network upgrades and hard forks of BNB Beacon Chain and BNB Smart Chain, with maintenance scheduled for April 15, 18, and temporarily suspending deposits and withdrawals.
US Treasury Department Imposes Sanctions on Russian Crypto Mining Firm Bitriver
The invasion of Ukraine by Russia last over 2 months, The U.S. strengthens sanctions over Russia, adding Bitriver to the sanctions list in connection with its ties to the Russian economy.
Smart Contract 101: MetaMask
MetaMask is a crypto wallet & gateway to blockchain apps. It also a tool for interacting with decentralized applications (DAPP).
Vogue Singapore Ventures into the NFT Metaverse in September Issue
Vogue Singapore has now ventured into the NFT Metaverse with the introduction of two new NFT art covers.
Binance Coin (BNB) Price Analysis-April 8,2021
Although Bitcoin experienced a sharp decline, Binance Coin (BNB) showed a very strong trend and has not been dragged down by Bitcoin.
Bitget Pledges $10 Million for Fetch.ai Ecosystem
Bitget, a cryptocurrency derivatives exchange, has pledged $10 million towards the development of the Fetch.ai ecosystem. Fetch.ai provides infrastructure for autonomous services and features an AI agent network and smart wallet.
The Most Unworkable State Law
An Illinois senator has presented a law that would compel crypto node operators, miners, and validators to reverse transactions if ordered by the court, even though it's impossible.
Neara Secures $24M Series B Boosting Utilities' Resilience and Renewable Energy Integration
Neara, with a fresh $24M Series B funding, is set to bolster its AI-centric infrastructure modeling platform, aiming to mitigate climate risks faced by utilities and accelerate renewable energy integration. The investment led by Prosus Ventures will fuel Neara's global expansion and the development of its novel System of Enablement functionality, facilitating a smoother transition towards renewable energy, especially in the US and Europe.
Arbitrum's New ArbOS 11: A Game Changer for Blockchain and Crypto
The recent implementation of ArbOS 11 by the Arbitrum community introduces key improvements, including EVM Shanghai support and gas efficiency enhancements, fostering optimism in the crypto market for ARB.
Greece Establishes High-Level Advisory Committee for Artificial Intelligence Strategy
Greek Prime Minister Kyriakos Mitsotakis announced the formation of a High-Level Advisory Committee for AI on October 19, 2023. Led by MIT Professor Constantinos Daskalakis, the committee aims to prepare Greece for the rapid advancements in AI and their applications. The committee will focus on long-term national strategy, including policy development and guidelines, in key areas such as economy, society, and innovation.
Mastercard Launches NFT-Gated Artist Accelerator Program
Mastercard announced a new artist accelerator program, which is NFT-gated and only accessible to holders of its Mastercard Music Pass NFT. The program is a collaboration with Polygon and offers free access to educational materials, unique AI tools, and other experiences.
EU Drafts AI Bill to Address Copyright Concerns
The European Union has passed a draft bill that will classify AI tools according to their risk level and impose stricter transparency procedures for high-risk tools. The bill is part of the EU’s Artificial Intelligence Act and aims to address concerns around the use of copyrighted materials in AI training.
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.
The launch of a nonfungible token protocol on the Bitcoin mainnet
On Jan. 21, Bitcoin introduced "Ordinals," an NFT-like programme. However, meme-inspired JPEGs are filling Bitcoin blockspace.
Court Upholds OFAC's Designation of Tornado Cash Under IEEPA
The US District Court upheld the OFAC's designation of Tornado Cash under the IEEPA, rejecting plaintiffs' claims of overreach and First Amendment violations, highlighting legal challenges for privacy-oriented blockchain entities.
Walmart Clarifies False report, Not Accepting any Litecoin for Payment
On Monday, retailer Walmart issued a clarification to debunk a false report concerning a partnership between Walmart and Litecoin (LTC). Walmart stated that it has no relationship with Litecoin.
Paxos Identifies Key Opportunities During Crypto Winter
Blockchain infrastructure provider Paxos has published a report identifying opportunities for crypto projects during the current market conditions, including seeking solutions and partnerships. The report highlights the usefulness of stablecoins while acknowledging the need for greater transparency. Partnerships with businesses addressing real-world needs were also deemed important. The CEO of the Stellar Development Foundation suggested that regulating stablecoins may be necessary to maintain a strong dollar, while a recent Bank of International Settlements report deemed stablecoins a less preferable form of tokenized money.
Samsung to Unveil Galaxy AI
Samsung gears up for a revolutionary Galaxy AI debut with the S24 series.
Largest DeFi Hack Recorded on Poly Network with $610M Stolen
A $610 million hack has been recorded by interoperability protocol Poly Network in what is tagged as the biggest heist in the DeFi world.
Intel launches Articul8 AI with DigitalBridge
Intel and DigitalBridge launch Articul8 AI, focusing on secure, enterprise-grade GenAI software, with diverse industry applications.
Scenarios for the Transition to Artificial General Intelligence (AGI)
A recent working paper by Anton Korinek and Donghyun Suh explores different scenarios for the transition to Artificial General Intelligence (AGI). The paper analyzes the impact of technological progress on output and wages, considering the possibility of full automation and its implications for the labor market. The authors discuss the race between automation and capital accumulation, the effects on wage dynamics, and the potential for broad-based gains in productivity. The research provides valuable insights into the economic consequences of AGI development.
BCB Blockchain Collaborates with Philippine Government to Support Local Startups
BCB Blockchain, a Singapore-based technology firm agreed to join hands with the government of the Philippines to support the development of local startups through creating smart city projects and applications making use of their funds and blockchain protocol.
Microsoft and Finastra Open Cloud Solution to Exponentially Accelerate Innovation for 8,500 Banks and Institutions
Finastra and Microsoft Corp have announced a strategic, multiyear cloud agreement to help accelerate the digital transformation of financial services and help realise and open source future for finance.
Binance.US Digital Asset Trading Marketplace is Now Available in North Carolina
Binance.US has now expanded its digital asset trading services to include North Carolina investors.
How Apple Will Advance in Generative AI in 2024
Apple's 2024 agenda includes the launch of Vision Pro, advancements in generative AI with iOS 18, and integrating AI across its ecosystem. Emphasizing thoughtful AI integration, Apple navigates generative AI's potential while maintaining its privacy-focused approach.
Equilibrium and Chainlink to Power Synthetic Assets and Stablecoins on Polkadot
Equilibrium has chosen Chainlink, a tokenized oracle network, to power synthetic assets, lending, and stablecoins using its smart contracts.
Coinbase and Venmo Users Angered by Privacy Issues—Fintech Firm Faces Second Class Action Lawsuit
A second lawsuit has been filed against the fintech company Plaid, for violating user data privacy agreements they hold with major financial accounts that use Coinbase and Venmo.
Standard Chartered’s Zodia Custody Gets FCA Approval to Offer Cryptocurrency Services
Zodia Custody has been given greenlight to provide cryptocurrency services to institutions.
a16z Announces $4.5bn Fund for Crypto and Web3.0 Startups
California-based venture capital firm Andreessen Horowitz (a16z) has launched its fourth crypto fund, the Crypto Fund IV, as it prepares to invest fully into blockchain and Web3.0 startups.
Blockchain and the Wheel of Fate: The Role of Blockchain Technology in Disease Surveillance and Pandemic Prevention
Pandemics are an inescapable fact of life on Earth. They have happened before, and we are on the verge of experiencing the latest such event through the relentless spread of the coronavirus. How can blockchain technology help to contain pandemics?
US DOJ Launches National Crypto Enforcement Team
The US DOJ has unveiled establishing a National Cryptocurrency Enforcement Team (NCET), a law enforcement task force fighting crypto crime.
Solana (SOL) Mobile's "Chapter 2" Phone: A New Era in Web3 Mobile Technology
Solana Mobile's new web3 phone "Chapter 2" achieves unprecedented demand, selling out its first-year sales target within a single day. Priced at $450 and set for 2025 release, this device aims to make web3 tech more accessible.
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.
Swiss Digital Asset Bank Sygnum Partnered with Artemundi to Issue Picasso NFT Painting for $6K per Share
The Swiss bank of digital asset management, Sygnum, announced that it has partnered with industry-leading art investment company Artemundi to sell the ownership stake in Pablo Picasso’s NFT painting at a price of $6,000 per share.
Crypto Token Backed by $25M Diamond Ponzi Scam Flagged by DoJ
The US Department of Justice charged a Florida native with wire fraud, for soliciting investors in a diamond-backed cryptocurrency Ponzi and investment scam.
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Coinbase Rolls Out AI-Driven ERC-20 Scam Token Detection System
Chief Legal Officer Paul Grewal unveils Coinbase's ERC-20 Scam Token Detection System, combining smart contract auditing with machine learning to tackle crypto scams. Disclosed on October 6, 2023, this initiative enhances security and trust in token listings on the platform.
UK to Invest in AI Task Force
UK officials announced the allocation of £100 million in funding to support an AI task force to accelerate the country's readiness for AI adoption. The task force will prioritize public services and will aim to ensure safe and reliable foundation models for AI use.
Web3 Security 2023 State Revealed, Nearly $2 Billion Lost
CertiK's "Hack3d: The Web3 Security Report 2023" provides a thorough analysis of Web3 security incidents in 2023, highlighting key vulnerabilities and trends in the blockchain and smart contract security landscape.
Republicans Cry Foul Play, USPS Postal Employee Retracts Claims of Ballot Tampering
The US elections have finally come to an end, amid a flurry of anticipation and misinformation that have left the Republican party incredibly infuriated.
Dutch Government Invests Heavily in AI to Compete Globally
The Dutch government has allocated €204.5 million ($222.07 million) for AI development, signaling a robust commitment to advancing the Netherlands' position in the global AI landscape and adhering to the EU's AI Act.
Web3 Foundation Announces Over $1.1M in Grants Under Wave 19 Program
The Web3 Foundation disclosed the conclusion of its 19th grant wave, allocating over $1.1 million to 33 projects to bolster the Polkadot ecosystem. The foundation marked its 600th grant and 1000th milestone, reflecting the growth and the fervor of the Polkadot developer community, now the second largest globally. This wave spotlighted grants enhancing smart contract capabilities on Polkadot’s ink! smart contracts, and core infrastructure improvements. The foundation continues to welcome new proposals, underlining its ongoing commitment to support the evolving Web 3.0 ecosystem.
Bybit Rolls Out Grid Bot for Automated, Seamless Futures Trading
Crypto exchange Bybit has launched a new trading bot for seamless and automated trading to tame price volatility and risk associated with futures trading.
IBM, KPMG, Walmart, Merck Reveal Results of FDA Blockchain Drug Tracing Pilot
IBM, KPMG, Walmart, and Merck’s blockchain pilot in drug-tracing has successfully exceeded the US Food and Drug Administration’s (FDA) benchmarks. The pilot program aimed to encourage new technologies to be used in the pharmaceutical supply chain. Blockchain was used as a shared record movement of pharmaceutical drugs through the supply chain, which resulted in improved efficiency. Recalls were proven to be done in just seconds, rather than in days, as blockchain offers traceability.
Recharge Capital Appoints Former Bridgewater Associates Singapore Executive, Margaret Wang, as Managing Partner
Recharge Capital has appointed Margaret Wang as its new Managing Partner, focusing on the Women's Health Strategy and operations in the APAC region. Wang has experience in senior leadership roles at global financial institutions and has previously led the Singapore office of Bridgewater Associates Singapore. She will also lead Rhea Holdings Co., a $200M women's healthcare-focused investment vehicle.
Ant Group Launches Blockchain-Powered System to Help SMEs in Cross-Border Trade
China's Ant Group established a blockchain-enabled smart contract platform Trusple to assist small and medium enterprises (SMEs) for cross-border trades.
BNB hacker liquidates from market meltdown, loses $53M
A sharp market dip caused many traders to sell and BNB Smart Chain exploiters to steal approximately $600 million in BNB tokens. The assault halted BNB Smart Chain's cross-chain bridge, liquidating Venus Protocol collateral valued over $53 million. The crypto market fell 6%, wiping roughly $1 billion in holdings in 24 hours. BNB's price went below $220, liquidating three wallet holdings immediately.
Coinbase Uses Multi-Party Computation to Enhance Crypto Wallet Security and User Experience
Coinbase is making strides towards simplifying the onboarding process for web3, bolstering both security and recovery for crypto wallets. The company is deploying a cryptographic technique called Multi-Party Computation (MPC) to eliminate key management hurdles that have long been a barrier to mainstream web3 adoption.
OpenAI Expands Board with Tech and Legal Luminaries
OpenAI announces the addition of Dr. Sue Desmond-Hellmann, Nicole Seligman, and Fidji Simo to its board of directors, marking a significant governance expansion.
Trump Warns of AI and Deepfake Dangers in Fox Business Interview
Former President Donald Trump criticized AI and deepfake technology, stating they pose significant risks and require urgent action to mitigate potential conflict and misinformation, emphasizing the complexities of regulating AI and ensuring ethical use.
US Treasury Department Proposes New KYC Requirements for Cryptocurrency Transactions
The U.S Treasury Department has released a notice concerning a new rule that would require money services businesses and banks to verify identities, keep records, and submit reports of users holding crypto assets in unhosted wallets.
Ethereum Accounts for Nearly Half of the Trading Volume on Top Exchanges
Ethereum accounts for almost half of the trading volume on top exchanges compared to a quarter a year ago.
Mastercard Uses AI to Combat Real-Time Payment Scams
Mastercard has introduced a brand new artificial intelligence (AI)-powered solution with the intention of assisting financial institutions in combating payment fraud and scams in real time, ahead of any potential monetary abuses.
The Number of Ethereum Deposits on Crypto Exchanges Hit a 5-Month Low-What This Mean
The number of ETH deposits on crypto exchanges continues to diminish, given that it reached a 5-month low of 548.940.
Google Merges Teams to Form Google Deepmind for AI Breakthroughs
Google merges its Brain team with DeepMind to create Google DeepMind, a new business unit dedicated to developing AI in a safe and responsible manner. The team aims to accelerate progress in AI breakthroughs and products, with Chief Scientist Jeff Dean leading the development of powerful, multimodal AI models.
$1.5 Billion of BTC Locked Up In Ethereum
Bitcoin maxis are turning to the dark side as the value proposition of DeFi sees record levels of Bitcoin on Ethereum.
Misuse of Facial Recognition: The $10M Macy's and Sunglass Hut Legal Battle
Harvey Eugene Murphy Jr. sues Macy's and Sunglass Hut for $10 million over wrongful arrest and assault, highlighting flaws in facial recognition technology and its serious consequences.
He Yi Discusses Binance's Regulatory Strategy Amid Actions Against Binance and Zhao Changpen
In a public letter, He Yi, Co-founder of Binance, discusses the company's compliance strategy, which gains significance amidst a U.S. Department of Justice inquiry initiated on May 6, 2023, 13 SEC charges, and the company's recent exit from the Russian market.
Exclusive: Gerard Dache, on the Two Contradictions of Facebook Libra
In part 2 of the interview, Gerard walked us through some of the recommended bills to the government in fostering blockchain innovation, such as the “Blockchain Promotion Act”. He then shared his views on the nature of Bitcoin and two contradictions of Facebook’s Libra.
API-Based NFT Startup Rarify Raises $10M Funding Round, Led by Pantera Capital
Rarify, an application programming interface (API) platform, announced that it raised $10 million in a Series A funding round led by crypto investment firm Pantera Capital.
Democrats may lose youth votes over anti-crypto sentiments, warns Winklevoss
Gemini co-founder Cameron Winklevoss has warned that the Democratic Party risks losing crucial support from younger voters due to what he perceives as an aggressive stance on cryptocurrencies by notable figures within the party.
Artificial Intelligence Might Help Eradicate Fake Cryptocurrency News
Deepfakes may jeopardize the future because they might make fake news to blend seamlessly into our daily lives. As a result, people’s actions and viewpoints might be substantially influenced, especially in the crypto space.
Paxful Exits Venezuela’s P2P Crypto Bitcoin Market Following US Sanctions
Paxful has withdrawn its crypto trading services from Venezuela after the country was classified as high-risk by the Office of Foreign Assets Control (OFAC).
Stars Arena Recovers Majority of Stolen Crypto
Stars Arena, a Web3 social media platform, has recovered about 90% of the 266,104 AVAX stolen in a security breach on October 7, 2023, following a settlement with the exploiter. The platform received 239,493 AVAX back, while awarding a 27,610 AVAX bounty to the individual. Post-recovery, Stars Arena is enhancing its security measures, including auditing a new smart contract to safeguard against future exploits.
Former Coinbase CTO Bets $1 Million on Bitcoin Reaching $1 Million in 90 Days
Former Coinbase chief technology officer Balaji Srinivasan has placed a bet worth $1 million on Bitcoin's price reaching $1 million by June 17. Srinivasan accepted the wager from pseudonymous Twitter user James Medlock, who bet $1 million that the United States would not experience hyperinflation.
Crypto.com Signs 5-Year Deal with Australian Football League, Worth $25m Sponsorship
Crypto.com announced that has signed a five-year partnership agreement with the Australian Football League, sponsoring it for $25 million to develop sports business.
DOJ Targets SBF's Jets for Forfeiture
Samuel Bankman-Fried, also known as "SBF," faces the possibility of asset forfeiture, including two luxury jets, as per a filing by the U.S. Department of Justice (DOJ) dated October 4, 2023. The forfeiture is linked to multiple charges against Bankman-Fried, who is currently on trial. The aircraft in question are embroiled in an ownership dispute involving the U.S. government, FTX, and Island Air Capital.
IBM Food Trust: Cutting Through the Complexity of the World’s Food Supply with Blockchain
IBM Food Trust was first launched in August 2017, with 10 Foundation members aiming to use blockchain in food traceability to solve issues in the food supply chain. Prior to the launch, IBM, Walmart and Tsinghua University announced a collaboration to improve the way food is tracked, transported and sold to customers in China. Juniper Research recently announced that IBM Food Trust is one of the leading blockchain players in the food provenance space.
Sber Bank's blockchain technology uses Metamask
Russia's biggest lender integrates its blockchain technology with Ethereum to enter DeFi and Web3. The connection lets users utilize Sber's tokens and smart contracts. Sberbank is developing blockchain goods. It requested a blockchain platform for its "Sbercoin" stablecoin from the Bank of Russia in 2021.
Spanish Opposition Party Partido Popular Proposes Bill Allowing Crypto Payment for Mortgage
Spain opposition party- Partido Popular (PP) party has proposed a bill allowing the use of cryptocurrency to pay for mortgage loans.
US Judge Blocks Trump Administration’s Ban on TikTok Downloads
A federal US judge granted an injunction request against the Trump Administration’s order to ban TikTok downloads across all US app stores.
PayPal May Be Considering Launching Its Own Stablecoin
PayPal may be looking to launch its own stablecoins in the future, as it has been reportedly been meeting with stablecoin developers.
Web3 Revolutionizes Startup and Investor Landscape
Professionals at Paris Blockchain Week 2023 discuss how Web3 disrupts traditional business models and offers new opportunities for startups and investors. Different cultures in Web3 and Web2 startups were analyzed, with emphasis on the role of investors in Web3 and the challenges faced by startups.
CMCC Global's Titan Fund Secures $100M for Asian Blockchain Ventures
Hong Kong-based CMCC Global has raised $100 million for its Titan Fund, targeting early-stage blockchain start-ups primarily in Asia. The fund's first round saw participation from over 30 investors and comes amid a 70.9% YoY decline in global crypto venture capital investments.
Samsung Facilitates Blockchain Use on Galaxy Devices
Samsung issued an official announcement to inform users that they will now be able to manage and trade cryptocurrencies from third-party wallets directly on Samsung Galaxy smartphones.
US Prosecutors Unseal Indictment of $20 Million Dollar Cryptocurrency Ponzi Scheme
US prosecutors have recently indicted a group of investment scammers who have orchestrated a cryptocurrency mining fraud following a Ponzi scheme protocol.
Steamboat Willie Enters Public Domain, Inspires NFT and Meme Coin Craze
The public domain's "Steamboat Willie" Mickey Mouse version has sparked the creation of popular NFTs and meme coins, marking a new era in digital art and copyright freedom.
Coinbase NFT Partner Ox Labs Pulls $70m in Series B Funding Round
0x Labs, the blockchain startup that is in partnership with Nasdaq-listed Coinbase Exchange, has raised $70 million in a Series B funding round with Greylocks Partners at an undisclosed valuation.
Why Vitalik Buterin Proposed 33% Increase in Gas Limit for Ethereum
Ethereum's Vitalik Buterin proposes a 33% increase in the gas limit to improve network throughput. This first change in three years aims to balance efficiency and stability, addressing scalability.
Meta Introduces Purple Llama: Enhancing Generative AI Safety and Security
Meta's Purple Llama project enhances generative AI safety and security through CyberSec Eval and Llama Guard, collaborating with major tech entities for responsible AI development.
Exclusive: LabCFTC's Melissa Netram Talks Advancing Policy and Regulation in FinTech and Blockchain Through Times of Crisis
The United States Commodity Futures Trading Commission (CFTC) established LabCFTC as an initiative under the General Counsel’s office in 2017 aimed at promoting FinTech innovation and competition. The office has been very active with over 400 different private meetings held with innovators in the last three years. In addition, LabCFTC has published three primers in the marketplace based on their understanding of smart contracts, artificial intelligence, and crypto-assets.
Blockchain Can Improve Climate Crisis through Smart Contracts, Study Shows
Climate change is considered a desperate issue in modern times. Blockchain technology is believed to act as a stepping stone towards addressing economic complexities and interoperability when transiting to renewable energy, study shows.
Cardano's Goguen Rollout Could Directly Compete with Ethereum with its New Smart Contract Implementation
Cardano’s Goguen era, which marks the next period after Shelley, will be the era of implementing smart contracts and enabling decentralized applications (Dapps) on the network. The Goguen era is Cardano’s third development phase, which is expected to start in the third quarter of 2020 with the release of its testnet.
Lionel Messi Becomes Sorare’s Brand Ambassador and Investor
Lionel Messi, a football star who has bagged seven Ballon d’Or Awards, has joined hands with Sorare to be its brand ambassador and investor.
Standard Chartered Enters The Sandbox Metaverse
Banking giant Standard Chartered has entered the metaverse with The Sandbox to build a virtual space for its clients and supporters.
Binance Smart Chain Surpasses Ethereum for Unique Active Wallets and Transaction Volume
The Binance Smart Chain, a platform for building smart contracts, has surpassed the Ethereum network for transaction volume and unique active wallets.
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.
Blockchain and IoT: Transforming Hong Kong into a Smart City
Blockchain and IoT: Transforming Hong Kong into a Smart City
Cardano to Launch ERC-20 Converter and Cross-Chain Communication for Interoperability Between Networks Including Bitcoin
Cardano founder and IOHK CEO Charles Hoskinson recently announced in his YouTube video that the current roadmap for the Shelley hard fork will be going according to plan, scheduled on July 29, 2020.
Stellar Network Advances with Protocol 20 and Smart Contracts Activation
Stellar Development Foundation activates Protocol 20 and smart contracts on its network, enhancing scalability and efficiency, and marking a milestone in growth.
Here's Why Harvey's $80M Funding is a Game Changer in Legal AI
Harvey raised $715 million in a $80 million Series B funding round, showcasing its advanced AI-powered workflow optimization technology.
The University of Pennsylvania Wharton School to Accept Crypto for Tuition Fees
Wharton business school of the University of Pennsylvania has announced that it is developing a new online executive education program that will allow students to pay for tuition fees with cryptocurrencies.
Cardano Introduces Two Devnets to Enable Any Developer to Build Smart Contracts and Dapps
IOHK, recently announced that they have introduced two new development environments enabling developers to write smart contracts for Cardano.
US NIST Initiates AI Safety Consortium to Promote Trustworthy AI Development
The US National Institute of Standards and Technology (NIST) has launched the Artificial Intelligence Safety Institute Consortium to promote safe AI development and responsible use, inviting organizations to collaborate on identifying proven safety techniques by December 4, 2023.
Hong Kong to Host One of Asia's Largest NFT Exhibitions in June
One of the largest non-fungible tokens (NFTs) exhibitions in Asia titled "ARTAVERSE" will be hosted in Hong Kong starting on June 3.
Beeple NFT Sells at Auction for $69.3M, The Biggest NFT Sale to Date
The world's most valuation NFT by Beeple has been auctioned at Christie's for an approximate sum of $69.3 million
Microsoft and AFL-CIO Forge Partnership to Navigate AI's Impact on the Workforce
Microsoft and AFL-CIO's partnership marks a significant step in integrating AI into the workforce, focusing on worker education, labor rights, policy influence, and ensuring AI meets workers' needs.
KeyFi Announces Native Token Listing on ApeSwap DEX
KeyFi, an AI-Powered DeFi aggregator platform backed by SelfKey Credentials, is listing its native token, KEYFI, on decentralized exchange ApeSwap.Finance.
EY, Microsoft and ConsenSys Create a Platform For Enterprises on Ethereum Mainnet
Global accounting firm EY have launched their open-source Baseline protocol which aims to address privacy issues to encourage enterprise adoption of public Ethereum.
US Treasury Department Concerns NFTs Crime of Money Laundering
The growing popularity of digital artworks as highly valued non-fungible tokens (NFTs) is now a major financial red flag as the United States Treasury Department believes they could be a vital tool for money laundering.
HUAWEI CLOUD and COBO Announce Strategic Blockchain Partnership in Asia
HUAWEI CLOUD, the cloud service division of global technology titan Huawei, has officially entered into a "Memorandum of Understanding (MoU)" with COBO, a frontrunner in digital asset custody solutions. This landmark announcement was made during an exclusive, closed-door event.
Unizen (ZCX) enters a strategic partnership with THORChain (RUNE)
The team at Unizen, operating the Web3 ecosystem found at zcx.com, is pleased to announce a strategic partnership with the team at THORChain. Specifically, Unizen has integrated the THORChain settlement layer to enable swaps between ETH (Ethereum) and AVAX (Avalanche C-chain) to BTC (Bitcoin) and vice versa.
Bitcoin Surges as US Inflation Rises
The price of Bitcoin surged over $26,000 as the US Department of Labor reported a 0.4% increase in the Consumer Price Index (CPI) for February 2023, with inflation rising by 6% over the last year. The cryptocurrency markets reacted positively to the news, with both Bitcoin and Ether experiencing price surges.
Cardano Records Over 100 Smart Contracts Following Alonzo Upgrade
Cardano has records more than 100 smart contracts launched on the blockchain as the Alonzo upgrade goes live.
Visa New Crypto Initiative
Visa is developing a new crypto product to promote the adoption of public blockchain networks and stablecoin payments. The company is seeking software engineers with experience in programming, Web3 technologies, and Solidity to build the product.
Congress May Restrict Stock Trading In The Next Session
The 118th Congress may prevent members from investing in stocks or cryptocurrency. 77 politicians violated disclosure obligations after the 2012 STOCK Act. Many see a conflict of interest in elected officials trading and holding assets. In 2022, Congress and Fed officials breached crypto trading and holding restrictions. These infractions included delayed reporting of legal transactions, yet members were allowed to influence legislation with their investments. Last year's crypto issues included U.S. legislators and business executives' financial relationships.
Bitcoin's Potential Surge to $200K by 2025
Standard Chartered predicts Bitcoin could reach $200,000 by 2025, contingent on successful U.S. Bitcoin ETFs, with inflows estimated at $50-100 billion.
Visa Announces $100 Million Fund for Generative AI in Commerce and Payments
Visa Inc. has announced a $100 million fund to invest in generative AI technologies that are relevant to commerce and payments. The initiative, led by Visa Ventures, aims to foster innovation in the rapidly evolving field of artificial intelligence.
Jay Z-Backed Ethereum App Platform Officially Opens Doors to Public
Blockchain startup Alchemy has recently announced that the blockchain developer platform was perfected and now open to any companies or individuals looking to build smart contract-based projects.
Thai Political Party Proposes $300 Digital Currency Stimulus
The Pheu Thai Party in Thailand has proposed giving all residents 16 years and older a digital currency stipend of $300 if it wins the next election. The initiative is a stimulus project aimed at helping the local economy using blockchain technology.
Racing to Save the Planet: The Role of Blockchain in Sustainability
The world is in decay. A long list of environmental disasters and the relentless requirement for fossil fuels are pushing Earth's capabilities to heal itself to a dangerous tipping point. Blockchain might very well be mankind's last hope to avoid the fall.
Belt and Road in Hong Kong: the Emergence of Digital Gold in IoT
A US dollar global economy has led to the underwhelming volume of growth of Chinese goods being traded among the Belt and Road countries and corridors since the initiative began in 2013. GoldZip is the exciting new digital tool allowing countries to barter goods based on their digital gold values.
Argentinians Seek Shelter in Stablecoins after Economy Minister Resignation
Argentinians have taken refuge in stablecoins after the nation’s economy minister Martin Guzman resigned over the weekend attributed to the financial crisis crushing the South American country.
Coinbase-backed Crypto Financial Startup Amber Group Raises $1B Investment Round
Coinbase-backed cryptocurrency financial services company Amber Group raise worth up $1 billion in funds, aiming at provides investors with many different cryptocurrency products for investment.
Standard Chartered Becomes the First Bank to Join the Global Digital Finance Patron Board
Standard Chartered, the British multinational bank (MNB), announced recently that the corporation would be joining the crypto and digital finance industry membership body Global Digital Finance (GDF) Patron Board.
US FDA Calls Meeting on Blockchain, AI and the New Era of Smarter Food Safety
The FDA will hold a meeting on October 21st, with the aim of gathering input and feedback to help shape an FDA blueprint for the initiative. The FDA will propose leveraging modern technologies such as blockchain, artificial intelligence, and IoT to improve the transparency and decrease the risks of contamination in the food supply chain.
China Plans to Thwart Procedural Violations in the Police Force and Courtrooms with Blockchain
China has laid plans to use a new automated system powered by blockchain and other technologies to propel surveillance of its judges and police officers.
Iota Floats Smart Contracts Beta with Zero Execution Fee
The Iota Foundation has launched its smart contract functionality which it said is now available in IOTA 2.0 DevNet.
AI Companies Respond to Copyright Infringement Claims
Stability AI, Midjourney, and DeviantArt have responded to a lawsuit brought by artists who claim that their work was used without permission to train generative AI systems. The companies argue that the resulting AI-generated images are dissimilar to the artists’ work, and that the lawsuit lacks specific information about the allegedly misused photos.
Kevin Hart Jokingly Calls Crypto “Voodoo Money” While Kanye West Takes Bitcoin Seriously on Joe Rogan’s Podcast
Comedian and actor Kevin Hart recently commented on Bitcoin during a livestream event for MDA USA, Kanye West discusses BTC with Joe Rogan.
WeBank Blockchain Patents Filings Rank Third Highest Globally for 2019
China’s WeBank is leading the global banking community in banking technology patents jumping ahead of US giants JP Morgan Chase and Bank of America with 632 filed patents in 2019.
Coinbase is challenging the U.S. Treasury over the recent tornado cash sanctions
Coinbase is suing the U.S. Treasury for listing Tornado Cash on the SDN List, arguing it violates digital privacy and regulatory authority in the cryptocurrency sector.
Walmart Files Patent Application for Blockchain-Based Drone Communications
The American commerce giant Walmart filed for a patent application for a drone communication system entitled “Cloning Drones Using Blockchain” in January 2019. The United States Patent and Trademark Office published the patent on August 1.
Bitso Inks Deal as the Official Sponsor of Sao Paulo Football Club
South American trading platform, Bitso has inked a partnership with the Sao Paulo Football Club to be the team’s official sponsor from now until the next three years.
Crypto Executives Launch Investment Firm Tangent to Help Web3 Startups Growth
The launch of Tangent comes amid financial market turbulence that has triggered venture capital funds to slow down investment in the tech sector.
State Street Partners with Copper.co to Offer Crypto Custody Services to Customers
The partnership will continue to help State Street bank to provide digital and crypto asset services for its clients.
Despite Industry Upheaval, Hong Kong Seeks Crypto Hub Status
Hong Kong's government supports bitcoin infrastructure development. In 2023, Hong Kong's finance secretary Paul Chan said the government and authorities would work with crypto and fintech businesses. Many sector businesses want to develop in Hong Kong or go public on local markets.
CoinDesk Under Fire for Retracting Articles on Justin Sun and Chainalysis
CoinDesk, a prominent cryptocurrency news source, has been accused of retracting articles criticizing industry players, raising concerns about its commitment to balanced reporting and editorial integrity, highlighting the need for objective reporting.
BlockFi Will Submit Assets And Liabilities For Bankruptcy On January 11
BlockFi will show assets, obligations, and pre-bankruptcy payments. After its first bankruptcy hearing in November, the business contacted 106 buyers. The U.S. Department of Justice confiscated over 55 million Robinhood shares worth $450 million. BlockFi claimed shares.
Mercedes F1 Team Terminates FTX Partnership
Mercedes formula one (F1) team suspended its sponsorship deal with troubled crypto exchange FTX.
How Can Blockchain in IoT Market Grow 180 times by 2026?
Internet of Things (IoT) is now influencing our day-to-day lives. Today, blockchain has emerged as the probable solution for creating more secure IoT systems. With delegation in place, computation and storage needs can be spread across millions of IoT devices. Thus, the use of blockchain in IoT is benefiting the IoT devices to proficiently scale up. Also, assimilating the blockchain in IoT devices can cut the costs of managing and installing servers for an IoT network.
Bain Capital Ventures Unveils $560 Million Crypto Fund for Blockchain-Focused Tech Startups
Bain Capital Ventures’ crypto fund is designed to accelerate the growth of the crypto economy by backing firms and projects that serve users’ needs.
The New House Financial Services Committee Head Wants To Postpone Crypto Tax Measures
Patrick McHenry wants the Treasury to postpone the Infrastructure Investment and Jobs Act's digital asset and tax collection portion. McHenry claims the clause is poorly written and that brokers might be misinterpreted. The rule was challenged earlier this year by Coin Center, a blockchain advocacy organization. Crypto miners and stakers are exempt from the new law, according to Senator Rob Portman's tweet of a Treasury letter.
Cointelegraph has launched an Accelerator program for innovative Web3 startups
The program aims to help Web3’s rising stars boost their media presence, community growth and brand awareness in exchange for project tokens.
Ex-FTX Execs Launch New Crypto Exchange Backpack
Former FTX executives, Can Sun, are launching Backpack Exchange in Dubai, aiming to raise $100 million for customer fund security and advanced technology.
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.
Alibaba's Largest E-commerce Platform Taobao Firstly Presents NFT Artworks in Festival Week
China's largest e-commerce website, Taobao, a subsidiary of Alibaba Group, exhibited artworks in the form of NFT for the first time in the recent Shanghai Taobao Maker Festival.
CoinFund Launches $300m Web3 Fund to Invest in Early Stage Startups
CoinFund is cryptonative investment company. The firm has established a $300 million crypto fund that targets web3 startups.
Cloned Bored Ape NFT Emerges through Google AI Technology
Bored Ape Yacht Club (BAYC) NFT collection has been cloned using artificial intelligence technology.
Arthur Hayes: Major Banks to Challenge Tether's Stablecoin Dominance
Major banks set to challenge Tether's stablecoin dominance, leveraging trust, compliance, and technology in a rapidly evolving market.
Cardano EUTXO Blockchain Upgrade Will Combine the Best Of Bitcoin and Ethereum
Cardano founder Charles Hoskins recently shared a file on his Twitter feed that outlined how the upcoming Goguen update will implement smart contracts using an extended UTXO purported to offer the best features of both the Ethereum and Bitcoin blockchain record keeping models.
Standard Chartered's Planned Hong Kong Virtual Bank Announced as Mox
Mox is the new virtual bank in Hong Kong to be launched by Standard Chartered in partnership with PCCW, HKT and Trip.com. Launching later this year, the mission of Mox is to help everyone in Hong Kong grow – “your money, your world, your possibilities.”
Is Blockchain Tech the Holy Grail for the Aerospace Industry?
The aerospace industry moves millions of people and billions worth of assets every single day. Yet, the industry's sheer complexity is its own worst enemy. Can blockchain technology become the savior?
Silvergate Bank Probed by DOJ for Ties to FTX Exchange
Prosecutors are investigating Silvergate's Alameda accounts.
What is Conch AI?
Conch AI is an AI-powered writing assistant offering features like rewriting, summarizing, answering questions, and generating text. It also bypasses AI detection algorithms. Available as a Chrome extension.
Stablecoin Reserves May Be Held in National Banks, US Treasury Office Provides Insight
The OCC announced that national banks and federal savings associations could hold reserves for customers with stablecoin assets.
Bunzz Raises $4.5M Seed Round to Expand its Smart Contract Hub for DApp Development
Bunzz a web3 development platform for decentralized applications, has completed a $4.5M seed round. Investors included gjmp, DG Daiwa Ventures, Coincheck, and Ceres. Funding will be used to help build out Bunzz’s Smart Contract Hub, which is already used by more than 8,000 dApp developers.
Payments Firm FIS Worldpay Taps Shyft Network, Enhance Global Crypto Regulation Compliance
FIS Worldpay wants to enable its merchants to comply with crypto-related regulations defined by FATF rules.
Machine Learning Network Fetch.ai Shares Vision of Interoperable Blockchains
Fetch.ai has a vision: to bring machine learning services to every ledger and blockchain.
Former BitMEX CEO Arthur Hayes Surrenders to US Authorities
Former BitMEX CEO Arthur Hayes has surrendered to authorities in Hawaii to face pending charges relating to AML compliance failure.
Qualcomm CEO: Generative AI Will Redefine the Smartphone Industry in 2024
2024 is set to be a transformative year for AI in smartphones, with advancements in hybrid AI models and new features reshaping user experiences and industry dynamics.
FDIC Investigates Potential Violations of Federal Deposit Insurance Act by OKCoin USA Inc.
The Federal Deposit Insurance Corporation (FDIC) has initiated an investigation into OKCoin USA Inc. (OKCoin) and its senior executives for alleged false and misleading statements regarding the company's insured status.
DekaBank to Launch Blockchain-Based Tokenization Platform
German asset management DekaBank is cooperating with Metaco to build a tokenization platform but won't trade Bitcoin.
Mastercard Attains CipherTrace to Boost Security and Fraud Detection in the Crypto Ecosystem
Payment giant Mastercard announced the acquisition of CipherTrace to offer businesses powerful intelligence about the crypto economy as digital assets continue becoming more intertwined with daily activities.
The Launch of CBDC May Destroy Bitcoin - Arthur Hayes
BitMEX co-founder Arthur Hayes believes the advent of CBDCs may not be a good tale for Bitcoin
UK Launches Global Crypto Law Review as it Considers Legal Reforms
The Law Commission of England and Wales will explore legal proceedings from other countries to create its own crypto-based legal reforms
Exclusive: Talent Shortage is The Key Pain Point in the AI Industry
Artificial intelligence is one of the emerging fintech trends in Hong Kong. While there are some great minds and AI companies in Hong Kong, they can’t survive without sufficient funding and technical support from government and industry leaders. We had the opportunity to invite Timothy Leung, Executive Director of HKAI Lab, to share his thoughts on how HKAI Lab facilitates the growth of AI ecosystem in Hong Kong. He also identified talent shortage is the key pain point in AI industry which hinders integration of AI and blockchain.
Smart Contract 101: What is Remix?
Solidity 101 Tools for Smart Contracts is a series of tutorials for beginners to learn the easiest way to build smart contracts. In this lesson we will use the online tool - Remix.
Ethereum's Average Gas Fees Hit a 3-Month Low
The average gas fees on Ethereum have hit a 3-month low, below $10.
Visa Rolls Out Creator Program to Empower Artists with NFTs
Payment giant Visa has launched an initiative dubbed Visa Creator Program intended to help filmmakers, artists, fashion designers, and musicians revamp their businesses through non-fungible tokens (NFTs).
PlayDapp's $31 Million Hack: A Blow to Blockchain Gaming Security
PlayDapp, a prominent NFT marketplace, experienced a security breach, resulting in the unauthorized minting of $200 million PLA tokens, worth $31 million.
New Meme Coin DigiToads (TOADS) token to list on BitMart Exchange
The crypto market has been red hot recently. Bitcoin (BTC) ripped past $30,000, Ethereum (ETH) staking withdrawals will go live, breaking the $2,000 price point whilst Bitcoin (BTC) dominance dropped while its price climbs means it might be the beginning of an altcoin season.
Grayscale Floats New Smart Contract Fund for 6 Ethereum Competitors
The acclaimed largest digital assets management company, Grayscale Investments has launched a new investment product tagged the Grayscale® Smart Contract Platform Ex-Ethereum Fund (GSCPxE).
Treasury Secretary Yellen Highlights Economic Recovery and Addresses Financial Risks
Treasury Secretary Janet Yellen highlighted Biden Administration's economic achievements and ongoing financial stability efforts, focusing on banking, climate change, cybersecurity, AI, and digital assets in a testimony to the House Committee on Financial Services.
Hong Kong-Based Chiron VC Raises $50M for Launching Terra Ecosystem Fund
One of Asia’s biggest Venture Capital firms, Chiron Partners, has launched a $50m ecosystem fund christened the Chiron Terra Fund I aimed at supporting innovative projects that are emerging from the Terra blockchain ecosystem.
OpenAI Introduces New Plugin Feature for ChatGPT AI Chatbot
OpenAI has introduced a new plugin feature for its AI chatbot, ChatGPT, allowing it to retrieve information from online sources and interact with third-party websites. The feature is in the alpha phase and will only be available to a limited set of users initially, with a waitlist in place to access it. The plugins include e-commerce platforms Shopify, Klarna, and Instacart, and travel search engines Expedia and KAYAK, among others.
Dee Templeton Joins OpenAI's Board Amidst Corporate Governance Overhaul
Microsoft's Dee Templeton joins OpenAI's board as a nonvoting observer amidst significant corporate governance changes following CEO Sam Altman's brief ouster and reinstatement.
Bitcoin Whales are Controlling the Market
Bitcoin whales are reckoning forces in crypto exchanges. Therefore, their dominance is being felt in the crypto market because of their massive liquidity.
Private Market Confidence Rises as Investors Embrace Digital and Healthcare Sectors in 2024
Adams Street Partners' survey indicates 90% expect private markets to outperform public markets in the long run, with two-thirds planning to enhance allocations in 2024, highlighting digital disruption's importance.
Mina Protocol to Launch ZK Smart Contracts, Backed by $92M from Three Arrows and FTX
Mina Protocol is set to introduce Zero-Knowledge smart contracts to its mainnet, simplifying zkApp development and enhancing security. The upgrade will phase out supercharged rewards and phase out supercharged rewards. Mina Protocol, the world's lightest blockchain, combines Bitcoin and Ethereum elements, and the success depends on collective effort from node operators, developers, and users.
Aston Martin & Alfa Romeo Launches Fan Tokens as the First F1 Teams
Formula One (F1) racing teams Aston Martin and Alfa Romeo reportedly become the first F1 teams to issue fans tokens of crypto on the Socios.com platform.
Yuga Labs Launches TwelveFold: Bitcoin Based Generative Art
Yuga Labs has launched TwelveFold, a 300-piece generative art collection on the Bitcoin blockchain. The project uses the Ordinal Theory protocol to locate inscribed satoshis, with participants submitting puzzle answers through various wallets. The technology, "inscribing," is a significant step in NFT evolution.
DBS Bank Joins R3-Backed Blockchain Trade Finance Network Contour Built on Corda
Singapore’s biggest bank, DBS Bank joined R3-backed Contour Network known for digitalizing global trade processes. Previously known as Project Voltron, Contour is a blockchain-based trade finance platform, built over R3’s Corda blockchain and was founded by R3 and major global institutions, including HSBC, ING, Standard Chartered, Citi Ventures, BNP Paribas, and Bangkok Bank, Bain & Company, and CryptoBLK. DBS Bank became the first Singaporean bank to join the network.
Spanish Researchers Deploy AI and Blockchain-Powered App to Tame COVID-19
At least 100 Spanish researchers from the University of Salamanca, the Artificial Intelligent Research Institute, and the Institute of Biomedical Research of Salamanca have joined hands to design an AI and blockchain-based app to picture the evolution of the coronavirus (COVID-19) pandemic. Their objective is flattening this pandemic’s curve as it has wreaked havoc across the globe.
Interactive Brokers Taps OSL To Offer Digital Assets Services in Hong Kong
Interactive Brokers is working with OSL Digital Securities to expand the use of virtual assets dealing services in Hong Kong, witnessing investors' growing interest in exploring opportunities in investing in crypto-assets.
Vietnam Blockchain Association Signs Strategic Partnership with Binance To Drive Blockchain Innovation
The Vietnam Blockchain Association and Binance will collaborate on developing innovation for the local blockchain ecosystem.
Bitcoin Could Touch $100K by Year-End, Standard Chartered Analysts Predicts
Standard Chartered analysts are projecting a price top of $100K for Bitcoin by the end of this year.
TradingView Pairs with OKX, Offering Over 260 Cryptos Trading
TradingView, a leading charting and trading platform, has partnered with crypto exchange OKX, bringing over 260 cryptocurrencies to its framework.
HKEX Introduces Synapse: A New Settlement Acceleration Platform for Stock Connect
Hong Kong Exchanges and Clearing Limited (HKEX) announces the launch of HKEX Synapse, a settlement acceleration platform designed to improve market efficiency and transparency for Northbound Stock Connect participants. The platform, set to launch on October 9, 2023, will employ DAML smart contracts to streamline post-trade operations. The move aims to enhance real-time data synchronization and scalability for asset managers, brokers, and other market participants.
DeFi Trading Platform PancakeSwap Tokens Rose Nearly 12% in the Worth $72M Burning Event
Decentralized trading platform PancakeSwap’s native token Cake burned 5,300,000 cake tokens at a total price of $72 million on Monday. Cake's transaction price subsequently increased by 11.63% which s the largest daily increase since June 23.
Ethereum Dominates European Blockchain Startup Scene
LeadBlock Partners, a European Venture Capital fund that invests in early-stage B2B Blockchain solutions, has announced that Ethereum is a prominent gamechanger among all the European blockchain startups.
Purse.io Not Closed Just Yet, Will Bitcoin Jesus be the Bitcoin Startup's Saviour?
Purse.io may be getting a thrown a life line following their shock announcement last week that they would close their doors after six years of trying to bring serious utility to Bitcoin in retail services.
Avalanche Launches Avaissance to Boost NFT Ecosystem
The Avalanche Foundation has announced the launch of Avaissance, an initiative aimed at supporting digital artists and growing the Avalanche NFT ecosystem. The program includes an Artist in Resident program for over 50 artists and the Mona Lisa Initiative to curate digital art and expand the collections of art-focused DAOs. In other news, Ticketmaster has announced a new feature, token-gated ticket sales, allowing artists to reward NFT holders with exclusive benefits. Popular NFT artist Patrick Amadon withdrew his work from a major auction house to protest a lack of female representation. Sony Interactive Entertainment filed a patent for a framework allowing users to transfer and utilize NFTs across multiple game platforms.
Fantom Collaborates With Dedaub To Automatically Detect Smart Contract Bugs With Watchdog
Scalable layer 1 platform Fantom announced its collaboration with Dedaub to leverage its automated system called Watchdog to look for smart contract bugs in the Fantom ecosystem.
Ninety Eight Launches $25M Ecosystem Fund to Boost Web3 Startups in Asia
Ninety Eight, transitioning from Coin98 Finance, has launched a $25M Ecosystem Fund to support Web3 startups in Asia, leveraging the Viction blockchain and $C98 token.
Banks Embrace Tech to Navigate Economic and Cyber Challenges, ISG Highlights
Global banking and financial services (BFS) firms are increasingly leveraging technology to improve customer experience and navigate the tumultuous landscape, according to a report by Information Services Group. The ISG TechXchange event in Paris will explore how BFS institutions can use data, automation, and AI to differentiate themselves in a saturated market. The event will feature prominent BFS leaders discussing the future of banking, emerging tech platforms, and the potential of the metaverse.
Elon Musk developing AI startup to rival OpenAI
Elon Musk is creating a new AI startup to compete with OpenAI, assembling a team of researchers and engineers while in talks with investors for the upcoming venture.
Senator Michael Bennet Urges Tech Giants to Curb AI-Generated Misinformation
U.S. Senator Michael Bennet from Colorado has today called on leaders of prominent technology and artificial intelligence (AI) companies, including Meta, Alphabet, Microsoft, Twitter, TikTok, and OpenAI, to implement proactive strategies to combat the proliferation of misleading AI-generated content.
Trial between Hermes and NFT Artist Mason Rothschild set to go ahead
Hermès and digital artist Mason Rothschild's lawsuit is a "momentous turning point for Web3 and digital products."
Crypto.com and LeBron James Partner on Web3.0 Educational Opportunities
Singapore-based cryptocurrency exchange Crypto.com has announced its strategic partnership with basketball legend, LeBron James and the LeBron James Family Foundation (LJFF) to help bring education and workforce development initiatives on Web3.0 to underserved individuals
Premier League in Talks to Enter $34.7M Deal with NFT firm Sorare
Premier League, one of football's largest organizations globally, is planning to talk with its teams about a proposed multi-year contract with Sorare for digital collectables.
Sotheby's to Auction for Generative NFT Arts
Legacy auction house Sotheby’s is set to auction only generative works of art spanning both old and contemporary pieces.
US Authorities Uncover Chinese-linked Bitcoin Mining Operations
US authorities have identified a significant number of Chinese-linked Bitcoin mining operations across the United States, sparking national security concerns. Published by The New York Times on October 13, the report highlights the close proximity of some of these operations to critical military and infrastructure sites. Amidst escalating US-China political tensions, the surge in Chinese Bitcoin mining operations in the US, coupled with their substantial energy consumption, poses critical questions regarding cybersecurity, energy sustainability, and geopolitical dynamics.
Uruguay Digital Party Join Forces with Aeternity for Blockchain-Enabled Internal Voting
The Uruguay Digital Party has teamed up with Aeternity for blockchain-enabled internal voting. The resolution to use blockchain technology was prompted by the party's wish to propel Uruguayans’ influence in the voting process.
IOTA Foundation Partners with the Japanese Government to Create Digital Infrastructure with DLT and AI
The IOTA Foundation, announced its partnership with a Japanese national agency to strengthen the security of the critical infrastructure in the country.
Digital Currencies Impede US Treasury Sanction Efforts, Report says
The United States Treasury Department revealed that digital currencies pose a critical impediment to sanctions strategy and policies.
BNB Chain's Red Alert Flags 191 High-Risk Projects
Binance's BNB Chain has added 191 new high-risk projects and decentralized applications (DApps) to its weekly red alarm list. The list is based on smart contract assessment and includes projects suspected of issuing fake tokens, having high tax fees, or malfunctioning websites or Twitter handles. The alert is aimed at helping users research before investing, and does not represent the risk level of the underlying DApp projects.
Two Co-head of Citigroup’s Digital Assets Quit, Planing to Launch New Crypto Startup
Two former high ranking executives announced to depart from Citi. The duo sees potential benefits in the crypto industry.
Former Ripple Partner MoneyGram Allows Customers to Sell and Purchase Cryptocurrency at 20,000 US Locations
MoneyGram has partnered with Coinme to let customers buy cryptocurrency and withdraw it from physical locations in the United States.
EminiFX CEO Sentenced to Nine Years for $240 Million Crypto Fraud Scheme
EminiFX CEO, Eddy Alexandre, sentenced to nine years for defrauding investors of $240M through fabricated returns and false AI trading claims.
Former Blockstream Executive Samson Mow Raises $21m for Bitcoin Startup JAN3
Samson Mow said that the new firm will support his nation-state's Bitcoin adoption initiatives.
dYdX Transitions to Public Benefit Corporation
dYdX Trading Inc. has updated its charter to become a Public Benefit Corporation on 17 October 2023, as announced by its founder, Antonio. This move aims at aligning the company more closely with the web3 community, promoting global economic and technological advancement through open-source and decentralized crypto asset exchanges. This transition, a first of its kind in the DeFi sector, enables dYdX to balance shareholder value with public benefit.
Unchained Forms Strategic Alliance with Bakkt to Enhance Bitcoin Custody Network
Unchained and Bakkt have partnered to enhance their Collaborative Custody Network, enhancing their capacity to secure over $3 billion in bitcoin assets.
Litecoin And Atari Bring the Highly Anticipated Atari Token to The Market
US videogame producer Atari has partnered with Litecoin to facilitate cryptocurrency usage and payments across its gaming ecosystem.
Ethereum's Vitalik Buterin Discusses ETH 2.0 Progress and Bitcoin-Ethereum Debate
On Peter McCormack's talk show, Ethereum co-founder Vitalik Buterin discussed the challenges faced by Ethereum 2.0 and the debate between Bitcoin and Ethereum.
Mastercard Amplifies Artist Exposure with Season 2 of Accelerator and Live Tour
Mastercard's Artist Accelerator enters its second season, collaborating with OnesToWatch to empower emerging artists with live tours and Web3 tech mentorship.
TrustSwap's SmartLocks Service Locked Up Four Times More than Bitcoin LN
TrustSwap, a DeFi platform dedicated to enabling the execution of timed token purchases, recently announced that its SmartLocks service has officially locked over four times more value than the Bitcoin Lightning Network. While this is a major achievement on its own, it is only one of TrustSwap's many different services and it shows the potential that the project has to dominate the DeFi sector.
Robin AI and Harvey's Funding Surge Signals Legal AI Boom
Robin AI and Harvey AI have raised $26M and $80M respectively, indicating a strong growth phase in the legal AI sector.
GPT-4 AI Chatbot Scores High on Tests
The latest version of AI chatbot GPT-4 has achieved high scores on high school and law school tests, including the LSAT and Uniform Bar Exam. GPT-4 also scored well on SAT and AP exams in various subjects.
China’s Central Bank Accelerates R&D of its Legal Digital Currency
People's Bank of China, the Central Bank of China made an announcement of the acceleration of the development of its legal digital currency.
McLaren Racing Signs a Multi-year Partnership with Crypto Exchange OKX
McLaren Racing, a British motor racing team, has inked a multi-year deal with crypto exchange OKX, formerly OKEx, to be the primary partner of McLaren Shadow esports Team and McLaren Formula 1 (F1) Team from this year.
Binance Expects Fines in U.S. Investigations
Binance intends to pay U.S. authorities for past compliance inquiries and crimes.
NEAR Protocol Partners with ZEP to Enhance Metaverse User Onboarding
NEAR Protocol and South Korea's ZEP are partnering to improve user onboarding and enhance Web3 capabilities, using NEAR's blockchain network and ZEP's metaverse platform.
What Is Chainlink?
The Chainlink network has made a name for itself by providing reliable tamper-proof data for complex smart contracts on any blockchain.
BitMEX Co-Founder Proposes Bitcoin-Backed Stablecoin
Arthur Hayes, the co-founder and former CEO of BitMEX, has proposed creating a new stablecoin called the Satoshi Nakamoto Dollar (NUSD) or NakaDollar. Unlike major reserve-backed U.S. dollar-pegged stablecoins, the proposed NakaDollar would be pegged to the sum of $1 worth of Bitcoin and one inverse perpetual swap of BTC against USD, without relying on any USD reserves. The stablecoin's peg to the U.S. dollar would be maintained via mathematical transactions between the new decentralized autonomous organization (DAO) authorized participants and derivatives exchanges.
DeSantis Proposes Flat Tax and IRS Elimination, Sparks Trump Rivalry in 2024 Race
In the 2024 presidential campaign, Florida Governor Ron DeSantis advocates for a flat tax system and the elimination of the IRS, a move that has ignited a political battle with Donald Trump, highlighting internal Republican party dynamics and differing tax policy visions
Arthur Hayes: The Federal Reserve is Doomed to Fail
Arthur Hayes' article "Kite or Board" critiques the U.S. Federal Reserve, highlighting its challenges like autonomy, inflation tax, policy changes, and banking sector transition. He suggests Bitcoin as a decentralized, finite supply, and global acceptance alternative to traditional financial systems.
Blockchain Startup Developed Solution to Crypto's Irreversible Transaction Problem
An Israeli startup has developed a new technology that could prevent the loss of funds caused by human error when sending Bitcoins or other digital assets. The mistake is common as wallet addresses are represented by a unique and random string of alphanumeric characters.
Former BitMEX CEO Arthur Predicts $30K Price Target for BTC by June
In tandem with his call for a “crypto carnage” that is underway in the second quarter, former BitMEX CEO Arthur Hayes has predicted a price slump of $30,000 for Bitcoin and $2,500 for Ethereum by the end of June 2022.
Mantle Core Proposes $200M Fund for Web3 Startups
Mantle Core has submitted a proposal to create a $200 million fund for early-stage Web3 startups, aiming to boost adoption of its Ethereum layer-2 network, Mantle, among developers and Dapps. BitDAO's treasury would provide $100 million in USD Coin, while another $100 million would come from external matching capital from strategic venture partners. The Mantle EcoFund and venture partners will participate in projects with a 1:1 co-investment ratio, targeting Web3 startups raising pre-seed, seed, and series A rounds.
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.
Crypto Tax Accounting Firm TaxBit Receives Strategic Investment from Haun Ventures
TaxBit plans to use the new investments to boost its tax and accounting infrastructure.
HK's PANGU Constructs Virtual Space in Metaverse, Expanding P2E Model for Business Growth
Speaking to Blockchain.News in an exclusive interview, Hong Kong-based graphic design and production start-up PANGU, a metaverse agency appointed by the Sandbox, provides one-stop-solution services for clients to establish and develop their own virtual land in the Metaverse.
FTX CEO Says His Brand is "Totally on Board With Regulation"
Sam Bankman-Fried said he has a positive disposition to regulation as it is the right thing to do
Binance Completes BNB Smart Chain Upgrade and Hard Fork: What You Need to Know
Binance has completed a critical upgrade and hard fork for its BNB Smart Chain, allowing deposits and withdrawals to resume. The upgrade temporarily suspended transactions, signaling a return to normalcy for the platform.
A British National Charged With Aiding North Korea in Violating US sanctions
Despite the DoJ's crypto financial sanctions targeting Russia, local authorities helped their American colleagues.
Friend.Tech Boosts Security with CoolWallet on Base Chain
Friend.tech, a decentralized social network on Base's Ethereum layer-2 chain, has seen rapid growth but also faces security risks from phishing attacks. To address this, CoolWallet has launched a Web3 Guardian competition to promote its Web3 SmartScan feature, which screens transactions for malicious behavior.
SmartFi To Issue First Mineable Stablecoin & Payment System without Transaction Fees
U.S. based cryptocurrency platform Smartfi announced to develop two coins, including the first minable stablecoin worldwide, which will not require a burn-mint protocol or USD-fiat-peg to maintain an exact correlation to the US Dollar.
Ontology Teams Up with Chainlink to Solve the Oracle Problem by Creating Externally Connected Smart Contracts
In an effort to foster the Ontology network, the platform has announced its decision to collaborate with Chainlink to build data-driven smart contracts with end-to-end security and reliability, which is centered on solving what they identified as the oracle problem.
Four Reasons Why Cardano’s ADA Price is Surging
Cardano’s cryptocurrency ADA has been on a tear this month, doubling in price since the start of February—here are four reasons why the ADA price is surging.
Tim Draper Plans to Capitalize on Indian Cryptocurrency Renaissance
Tim Draper is a billionaire investor best known to the crypto community for his participation in the FBI’s 2014 Silk road auctions where he won thousands of Bitcoin. The venture capitalist has revealed the he is now honing in on India's emerging cryptocurrency sector and hopes to fund many of the region's startups.
Police Arrests 2 Suspects Involved in 2016 Bitfinex Hack
U.S. authorities have arrested a Manhattan-based couple identified as Lichtenstein and Morgan, suspected to be a part of the masterminds behind the 2016 Bitfinex exchange hack.
Bitcoin will Reach $70,000 Soon if the Federal Reserve Cuts Rates
BitMEX's ex-CEO Arthur Hayes suggested that a Federal Reserve rate cut could propel Bitcoin to the $70,000 mark, rejuvenating the US banking sector. Historical trends show a symbiotic relationship between the Federal Reserve's monetary decisions and Bitcoin's trajectory. Bitcoin's ascent outpaced the Fed's balance sheet expansion by 129% during the pandemic. However, post-March 2022, the Federal Reserve implemented three additional hikes, causing a reevaluation among market participants and analysts. The 'Real Yield', derived by offsetting the Government Bond Yield with Nominal GDP Growth, remains pivotal in this discourse. The US Treasury's augmented bond issuance at steeper rates may inadvertently amplify nominal GDP growth.
BitMEX Invests in South Africa’s Largest Bitcoin Exchange
In a bold financial move, the parent company of BitMEX cryptocurrency exchange has decided to invest in a South Africa’s biggest Bitcoin exchange, VALR.
Bitcoin Book Published for Educating U.S. Congressmen, Secures Excess Funding on Kickstarter
An educational book on Bitcoin (BTC) created by a group of 8 individuals has gained more funds than solicited from public investors on the Kickstarter platform
Standard Chartered Bank Partners with Enterprise Ethereum Alliance to Improve Customer Experience
Standard Chartered Bank joins the Enterprise Ethereum Alliance – an open-source blockchain community. But why?
Smart Contracts Security Firm Certora Pulls $36m in Series B Funding
Certora, a security tech startup that helps DeFi based smart contracts identify bugs in their codes before they are deployed has raised $36 million from investors.
The Rise of Crypto is Not a Threat to the US Dollar, says Treasury Executive
Veteran US Treasury Deputy Secretary, Adewale “Wally” Adeyemo is unperturbed that the growth of digital currencies like Bitcoin (BTC) is a threat to the dominance of the US Dollar.
OKX Sponsors $20m Training Kit for Soccer Team Manchester City
Crypto exchange OKX, formerly OKEx, announced on Sunday that it will invest more than $20 million to sponsor Manchester City's training kit this season.
The Development of Blockchain Chips
The new "fully homomorphic encryption" chip will let users operate on data without decrypting it.
Exploit of KyberSwap's Concentrated Liquidity Feature Results in $46 Million Loss
KyberSwap suffered a $46 million loss due to a flaw in its smart contract, highlighting vulnerabilities in DeFi smart contracts and the need for improved security protocols.
Binance.US Struggles to Find a Bank Partner in the United States
Binance.US is facing challenges in securing a bank partner to serve as a fiat on-ramp and off-ramp for its clients in the United States. Recent regulatory crackdowns on banks with crypto clients, along with failed attempts to establish direct banking relationships, have left Binance.US without banking services.
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.
Bank of Korea Initiates CBDC Pilot Plan on Samsung Galaxy Smartphones
Samsung Electronics will participate in South Korea’s Central Bank Digital Currency pilot project. The electronics tech giant will help to determine whether CBDC transactions could be conducted on smartphones without the availability of an internet connection.
OpenSea: A Glimpse into January 2024's NFT Landscape
OpenSea's January 2024 digest reveals exciting NFT trends, including Dmitri Cherniak's 'Ringers' sculpture, Disney's 'Steamboat Willie' entering the NFT space, and The Fabricant's AI-driven digital fashion collection. These developments showcase the growing intersection of art, technology, and digital ownership in the NFT marketplace.
Digital Currency and the Financial Inclusion Drive: The Journey So Far
With the digital currency ecosystem running toe-to-toe with traditional finance, here is a brief look into the journey thus far on the industry's financial inclusion drive.
Paxful Joins Hands with iProov, Providing Identity Verification
Paxful, a leading peer-to-peer (P2P) crypto trading platform, has selected iProov to revamp user identity verification when onboarding and making transactions.
Blockchain in Supply Chain Market Anticipated to Top $14.88 Billion by 2028
The increasing adoption of product traceability for enhanced transparency in manufacturing processes and the urge for optimized security will make blockchain in the supply chain market surpass $14.88 billion by 2028, according to a report by Research Dive.
Partnership to Tokenize Artifacts Recovered from the Titanic
To support Titanic study, recovery, and preservation, artifacts will be tokenized as NFTs.
India’s Telangana State Keeps the Ball Rolling with Blockchain-Centered Incubator
The administration of Telangana, a Southern Indian State, has announced the setting up of an incubator meant for startups in the blockchain technology field
Ethereum-Based Products Hit a 72.8% Monthly Growth as the US Reigns Supreme in DeFi Adoption
Ethereum-based products skyrocketed to $13.8 billion after recording a 72.8% monthly growth.
Kansas Heartland Tri-State Bank Closure Indicates Continued U.S. Banking Crisis
On July 28, 2023, the Kansas Office of the State Bank Commissioner closed Heartland Tri-State Bank of Elkhart, Kansas, appointing the Federal Deposit Insurance Corporation (FDIC) as receiver.
Investment Funds for 2020 | Index Funds Centralized Decentralized and the Blockchain
On the outset, this article has been written to put in perspective Index Funds as we know them, which new kind of Index Funds are developing with Cryptocurrencies (Digital Assets) and what developments are taking place in the Global Capital Markets with Blockchain developments.
Blockchain Could Potentially Level the Playing Field for Startups and Entrepreneurs
The world of business is growing daily, in an article published by Brad Haddin, a privacy consultant, he pointed out that "there are 150 million startups in the world today with 50 million new startups launching every year.” This means that every day, an average of 137,000 companies have been founded by someone in the world. This number has risen since 2005, which is due to massive globalization and industrialization engaged in by different countries around the world.
The DeFi Smart Contract Automation Network Gelato Raised $11M in its Series A Funding
Gelato, a smart contract automation network focused on the Defi sector, announced that it has raised $11 million led by Dragonfly Capital in its Series A financing.
Singapore Air Charter Embraces Cryptocurrency and Flexible Payment Options
Singapore Air Charter introduces flexible instalment plans and cryptocurrency payments, enhancing accessibility to its premium aviation services as of August 16, 2023.
Greenpeace's Bitcoin Art Piece Praised by Supporters
Environmental group Greenpeace commissioned an art piece dubbed the "Skull of Satoshi" to highlight the climate impact of Bitcoin mining, but the piece has been praised by Bitcoin supporters who want to adopt it as their mascot. The 11-feet-tall skull features the Bitcoin logo and red laser eyes, with "smoking stacks" made of recycled electronic waste to represent the fossil fuel and coal pollution caused by Bitcoin mining.
AI-Generated Artwork Not Eligible for Copyright, US District Judge Rules
US District Judge Beryl A. Howell rules AI-generated artwork can't be copyrighted. Stephen Thaler's request for his AI-created image denied, emphasizing human authorship in copyright law
US Government Removes Cryptocurrency AML Provisions from NDAA
The US government has removed two AML provisions relating to cryptocurrencies from the NDAA, indicating a cautious approach to crypto regulation and raising concerns about future AML measures.
Blockchain-Based Startups Empower Individuals to Identify Fake News
The fight against misinformation is just starting. Yet startups like Blackbird.AI and Civil are making it easier for Internet readers to identify and discount fake and misleading news. Find out more >
"Tim Draper's Bitcoin Diversification Advice"
Venture capitalist Tim Draper advises business founders to diversify their cash holdings by keeping at least two payrolls worth of cash in Bitcoin or alternative cryptocurrencies, along with other recommendations, in response to the uncertainty created by the collapse of Silicon Valley Bank.
Astar Network Launches Second Iteration of Smart Contracts
Astar Network is launching the second iteration of its smart contracts that support both Ethereum Virtual Machine and WebAssembly Virtual Machine on its mainnet on April 6. The Astar team invited community members to a panel discussion led by its executives and Polkadot developers to discuss how WASM can be utilized.
UNICEF Cryptocurrency Fund Invests in Tech Startups Fighting COVID-19 in Emerging Economies
Eight technology companies in developing and emerging economies will receive investment from the UNICEF Cryptocurrency Fund (CryptoFund) to solve local and global challenges.
Biden urges technology firms to prioritize safety in AI development
US President Joe Biden has called for technology companies to prioritize safety when developing and releasing artificial intelligence (AI) products. He acknowledged the potential benefits of AI in addressing global issues, but emphasized the need to address risks to society, national security, and the economy. Biden also urged Congress to approve non-partisan privacy laws that prioritize health and safety in product development.
What are the Roles of Microsoft Azure and Amazon Web Services in BMW Group's Blockchain Pilot?
BMW Group, a famous global premium manufacturer of motorcycles and automobiles, seeks to expand its pilot blockchain project, dubbed PartChain, to its international supply chains that are enshrined in complexity. Blockchain technology will be instrumental in propelling the traceability and transparency of crucial raw materials and parts as it will ease data sharing.
Chinese Banks Embrace Crypto in Hong Kong
Chinese banks are collaborating with cryptocurrency companies in Hong Kong, providing account services and acting as settlement banks. Despite China's crackdown on crypto in the mainland, the country's state-affiliated banks are building partnerships in Hong Kong, taking advantage of the city's push to become a crypto hub.
West Ham United Inks Deal with Fetch.ai, Harnessing the Power of AI & Blockchain
As an artificial intelligence (AI) and machine learning-based blockchain platform, Fetch.ai will improve business and day-to-day activities at West Ham United.
ADA Price Surges Over 100% As Cardano Goguen Update Set For March
The ADA price surged by over 100% this week and with Cardano’s Goguen update and functional smart contract integration set for March, ADA’s price rally looks far from over
US Government Grants $162 Million to Microchip Technology for Semiconductor Production Boost
US grants $162M to Microchip Technology, bolstering domestic semiconductor production under the CHIPS & Science Act.
Kickstarter's New Company Will Run on Blockchain Tech by 2022
Crowdfunding platform Kickstarter plans to unveil a standalone company to build a crowdfunding system based on blockchain technology.
MicroStrategy Q3 2023: 158,400 Bitcoin Holdings at $29,586 per BTC
MicroStrategy Incorporated reveals Q3 2023 financial results, highlighting continuous acquisition of bitcoin and AI software launch. The company's bitcoin holdings now stand at 158,400 with a total cost of $4.69 billion. Software Licenses and Subscription Services Revenues observed notable growth, indicating a positive trajectory in its business intelligence domain.
President Donald Trump Approves Oracle Deal, Ban Averted for TikTok but not WeChat
President Trump approved the TikTok deal that Oracle has been working on, postponing a scheduled ban of the video-sharing platform and of WeChat.
What Is a Decentralized Exchange (DEX)？
DEX is a blockchain-based exchange that allows people to directly exchange encrypted tokens with each other.
Coinbase's Base Bootcamp Launches to Address Onchain Developer Shortage
Base, an Ethereum layer-2 network, has announced the launch of Base Bootcamp, an eight-week, cohort-based program aimed at transforming experienced software developers into smart contract developers. The initiative comes as the blockchain industry faces a significant talent gap, with fewer than 30,000 onchain developers compared to nearly 30 million traditional software developers.
The Use of Blockchain in the Film Industry
Fuzzy Head, which was crowdfunded through Untold.io's nonfungible tokens, will debut at Slamdance Film Festival (NFTs). NFTs helped Russel Crowe's Prizefighter film in 2022.
Three Top JPMorgan Executives Jump Ship to Crypto Startups
Three executives left JPMorgan for joining crypto startups, believing the industry would have a promising development.
Voyager Digital Subpoenas FTX Executives
Kirkland & Ellis, Voyager Digital's attorneys, subpoenaed FTX co-founders Sam Bankman-Fried and Gary Wang, former Alameda Research CEO Caroline Ellis, and FTX executive Ramnik Arora for DOJ and SEC case papers.
Walmart to Launch its own Crypto and Collection of NFT
US retailer Walmart is actively engaging in Metaverse, with documents filed with the US Patent and Trademark Office late last month, showing that the company is preparing to create its own collection of crypto and NFTs.
A New Era of Smart Banking: Virtual Bank by Standard Chartered Building Digitally-Born Services
During Hong Kong Fintech Week 2019, Blockchain.News spoke with Deniz Güven, the CEO of the Virtual Bank by Standard Chartered, to understand the current developments and the new technology behind it. The Virtual Bank by Standard Chartered was one of the first granted a virtual banking license on March 27, 2019, from the HKMA along with two other licensees, Livi VB Limited and ZhongAn Virtual Finance Limited.
WisdomTree Third-Quarter Crypto Assets’ AUM Drop 36% As Market Losses Continue
WisdomTree has seen its crypto assets under management fall by 36% in what the company said has been triggered by the ongoing market turbulence.
Standard Chartered Undertakes First Cross-Blockchain Trade Transaction Between Hong Kong and Mainland China
Standard Chartered has made a milestone by completing its first cross-blockchain trade finance pilot transaction between Hong Kong and China.
Ubisoft Launches Digits, the First AAA-level Game Energy-saving NFT
Video game developer and publisher Ubisoft launches its own NFT called Digits on its Ubisoft Quartz NFT platform, stepping into the field of encrypted NFT.
Chinese Police Seize $14M in Crypto from Scammers Posing as Huobi Officials
The Chinese police arrested a crypto scammer gang in Wenzhou that reportedly swindled $14.3M in cryptocurrencies.
Christie's Launches Venture Capital Arm to Support LayerZero for Art Trading
London-based British auction house, Christie’s has announced its undisclosed investment in LayerZero, the first ever commitment it will be making through its new investment arm- Christie’s Ventures.
Blockchain Industry Leaders R3 and FORMS HK join Cyberport to Launch “Block AdVenture” Program
Hong Kong's innovation hub, Cyberport along with leading global enterprise blockchain platform provider R3 and FORMS HK have launched the Block AdVenture program.
Chinese Smart Courts Leveraging Blockchain and AI
Smart courts in China are reportedly leveraging a range of innovative technologies to settle legal cases. The online judiciary courts utilize big data, cloud computing, artificial intelligence, and blockchain.
Apex Legends AI Art Controversy in FF7 Rebirth Event Raises Industry Concerns
Apex Legends faces backlash for alleged use of AI-generated art in its Final Fantasy 7 Rebirth event, sparking discussions about AI's role in the gaming industry
Islamic Development Bank to Create Blockchain Smart Credit Platform with Samsung's Blocko
The Islamic Research and Training Institute partnered with Samsung backed Blocko to develop a functional Credit Management System for Saudi Arabia.
From Zero Mentions to a Dedicated Section in CINIC Report: How Fast is Blockchain Growing in the Chinese Internet Industry
The China Internet Network Information Centre (CINIC) recently published “The 45th China Statistical Report on Internet Development”. Compared to the previous issue, it is worth noting that the CINIC covered blockchain development as a dedicated section in the latest report. The report highlighted the rapid blockchain development of China in three aspects: regulation, technical development and applications.
China's Central Bank Digital Currency (CBDC)
China's Central Bank Digital Currency (CBDC) now supports smart contracts. Soochow Securities' mobile app allows e-CNY purchases. Android phones may now perform contactless digital yuan wallet payments.
Chainlink Hits New All-Time High amid SmartZip Expanding Services to Oracle Network
SmartZip, a leader in real estate predictive analysis, announced that it will join Chainlink's market-leading decentralized Oracle network by launching its own Chainlink node.
Bitget Reinforces Its Leadership in Smart Crypto Trading with a Rebranding Initiative
Bitget announces a rebranding initiative to reinforce its leadership in smart crypto trading. The move includes new AI-powered tools, a visual identity update, and a focus on user education.
US National Lab Computer Scientists Deploy Artificial Intelligence (AI) to Thwart Illegal Crypto Mining
Los Alamos National Laboratory has created an artificial intelligence (AI) system capable of identifying malicious codes that mine cryptos such as Bitcoin.
ChatGPT Secures Top Spot as the Most-Viewed English Wikipedia Article of 2023
In 2023, ChatGPT's Wikipedia page achieved the highest English article view with over 49 million views, marking a significant increase in public interest in AI technology.
Smart Whale Cumberland Liquidated 8K $ETH Prior to Market Crash
Cumberland offloaded 8,000 $ETH before the cryptocurrency market crashed, reducing its valuation to $1.1 trillion. Following the crash, Cumberland withdrawn 4,000 $ETH from Binance. During the FUD due to the SEC's lawsuit against Binance, SmartMoney purchased at lower prices. Cumberland's strategic investment strategies have historically yielded substantial returns.
Top 5 Evolving Cryptocurrency Startups That Are Revolutionizing The Future of Fintech
Tremendous evolution in cryptocurrency startups provides to be revolutionary in the Fintech industry now and in upcoming years.
Alipay Facilitates First Digital Cauldron Lighting in Asian Games History
Alipay, the digital payment giant and Official Prestige Partner of the Hangzhou Asian Games, has made history by supporting over 100 million digital torchbearers in the first-ever digital cauldron lighting ceremony. The initiative was part of the Smart Hangzhou 2022 platform, a one-stop digital service for the Games. Alipay's technology ensured that even phones produced 8 years ago could participate in the digital interaction.
California Governor Signs Digital Financial Assets Bill, Tightening Crypto Regulations from July 2025
California Governor Gavin Newsom signed the Digital Financial Assets Law on October 13, 2023, initiating a robust regulatory framework for cryptocurrency activities in the state from July 1, 2025. The law necessitates licensure from the Department of Financial Protection and Innovation for individuals and businesses dealing in digital assets. This regulatory shift, contrasting Newsom’s earlier stance in 2022, aligns with broader national trends towards formalizing digital asset transactions to curb fraud and enhance consumer protection.
Infinito And Paxful Partner to Accelerate Cryptocurrency Adoption Across the World
Infinito has partnered with Paxful to support cryptocurrency adoption globally.
Crypto Exchange Bit.com to Enhance TON Ecosystem
Bit.com, a Singapore-based crypto exchange, has partnered with TON, which stands for “The Open Network,” to expand, enhance, and develop its ecosystem.
US Officials Seized $460M In Robinhood Shares Related To FTX
Robinhood shares tied to FTX were confiscated by the U.S. Department of Justice for over $400 million. Sam Bankman-Fried denied eight felony charges, including wire, securities, and campaign financing offenses. Since December, the former FTX CEO has been housebound at his parents' California home.
Former BitMEX CEO Arthur Hayes Discusses Market Weakness and Banking Tricks
BitMEX CEO Arthur Hayes has shared his views on the potential market weakness and banking tactics in a recent article on Medium. While emphasizing that his opinions should not be considered investment advice, Hayes provides insights into the macro setup and his analysis of the current market conditions.
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.
Worldcoin Emerges as Largest Deployer of Safe Wallets on Polygon Blockchain, Onboards 1.2 Million Self-Custodial Safe Smart Accounts
A tweet from Worldcoin states that they have successfully onboarded an impressive 1.2 million self-custodial Safe Smart Accounts
Google Fires Hundreds of Workers in Voice Assistant and Hardware Teams
Google recently laid off hundreds of employees from its Voice Assistant and hardware teams. The layoffs are part of the company's cost-cutting measures and strategic restructuring amidst the rising competition from companies like Microsoft and OpenAI.
Missouri Mayor to Airdrop $1,000 in Bitcoin to Cool Valley Residents
Missouri Mayor Jayson Stewart plans to give out $1,000 cash gifts in Bitcoin (BTC) to residents of Cool Valley.
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.
Ethereum’s DeFi Trades Skyrocketed in Q3 2020, but Bitcoin Volume Declined
A quarterly report from eToro indicated that while DeFi sector was bullish in 2020’s third quarter (Q3), Bitcoin trades decreased in contrast.
Algorand Implements Sustainable Carbon Offset Smart Contracts
Blockchain-based crypto platform Algorand said it will implement smart contracts that automatically offset carbon emissions, and use part of the transaction fees to offset its carbon emissions.
Ethereum's Layer 2s Break New Ground in Scalability
Ethereum has seen a 22% rise in value as of September 2023, largely attributed to the emergence of Layer 2 solutions like BASE by Coinbase, which enhance scalability and user affordability on the network. Leading Layer 2 blockchains, Optimism and Arbitrum, have surpassed major Layer 1 blockchains in Total Value Locked, indicating a growing trust and utilization in the Ethereum ecosystem. Despite centralization concerns, the progressive strides in Layer 2 solutions are poised to bolster Ethereum's standing as a dominant smart contract blockchain.
South Korea to Provide Blockchain-based Digital Identities to Citizens by 2024
South Korea plans to provide citizens' digital identities encrypted by blockchain with smartphones in 2024 to facilitate its economic development.
Fighting for Monetary and Financial Freedom
We look at three key aspects (money form, money issuance, and the flow of money) of our monetary and financial system where the blockchain technology may have a major impact
Bitcoin of America to Pay $86,000 in Settlement with Connecticut Department of Banking
Bitcoin of America, an Over the Counter (OTC) cryptocurrency exchange and a national operator of Bitcoin Kiosks, has been ordered to refund $86,000 to consumers in Connecticut, according to a recent announcement by the state's Banking Commissioner, Jorge Perez.
Bangladesh Records First Blockchain-Based Remittance with Standard Chartered Bank
The partnership between Standard Chartered Bank, bKash of Bangladesh, and Valyou of Malaysia has given Bangladesh its first blockchain-based cross-border remittance service.
Blockchain Transactions Affirm Suspicious Levels of RaaS Interconnectedness
Blockchain transactions confirm the interconnection between four prominent ransomware strains. A good sign for law enforcement to deter illicit money transfers.
Ark Invest's Wood Turned $100,000 Investment in Bitcoin to $7M
Cathie Wood said she currently owns over $7 million worth of bitcoin, which she purchased on the advice of Reagan-era economist Arthur Laffer, while it was trading at $250.
California Advances in Generative AI with New Report
The Newsom Administration's report on Generative AI outlines California's approach to regulating and embracing this technology, emphasizing education and workforce training for responsible use.
Eddy Alexandre Pleads Guilty to Commodities Fraud
After pleading guilty to stealing $248 million from investors, EminiFX CEO Eddy Alexandre might serve 10 years in jail.
AI-Generated NFT Collection to Preserve Ukrainian Art and Offer Humanitarian Support
Through a global coalition of advocates, digital innovators, artists, and educators, an AI-generated NFT collection has been established to conserve Ukrainian art and raise funds for humanitarian aid.
Western Union Makes Offer to Acquire Cross-Border Payments Firm MoneyGram
Financial giant, Western Union is in discussions to acquire cross-border payments company MoneyGram according to an anonymous source close to the deal.
Over 70% Accuracy: ChatGPT Shows Promise in Clinical Decision Support
A study assessing ChatGPT's utility in clinical decision-making found it has a 71.7% overall accuracy in clinical vignettes, excelling in final diagnoses with 76.9% accuracy. This highlights its potential as an AI tool in healthcare workflows.
Standard Chartered Expands Business by Joining Crypto Family
Standard Chartered, the British multinational bank (MNB), announced Wednesday that the corporation has joined and followed the cryptocurrency trend.
Singapore High Court Upholds DeFiance Capital's Claim Against Three Arrows Capital
Singapore's High Court upheld DeFiance Capital founder Arthur Cheong's trust relationship over assets disputed in bankruptcy proceedings, establishing investors' rights in cryptocurrency assets and trust law.
Crypto Miner HIVE Blockchain Rebrands to Drive AI Expansion
HIVE Blockchain Technologies Ltd. has declared its plan to strategically rebrand, including a transition to the new name "HIVE Digital Technologies Ltd." This rebranding initiative is designed to mirror the company's progression into the realm of high-performance computing (HPC) data centres, utilizing Nvidia's superior Graphics Processing Unit (GPU) chips to tap into the burgeoning trend of widespread adoption in the field of Artificial Intelligence (AI).
Coinbase Revenue Triples in Q1 2021 amid Lower Than Expected Earnings per Share
Coinbase released its first quarterly financial report of 2021 yesterday. This is the company's first earnings report since its direct-listing on Nasdaq on April 14.
FinCEN's Proposed Crypto Rule Does Not “Follow Proper Procedure”- Coinbase CEO
Coinbase CEO Brian Armstrong criticized the FinCEN's proposed regulatory procedure for cryptocurrencies, calling it ill-advised.
Former BitMEX Executives to Appear in Court in March 2022
The court trial for former BitMEX CEO Arthur Hayes and other indicted executives has been set for March 28, 2022.
Kokomo Finance Accused of $4M Exit Scam
Kokomo Finance, an open-source and noncustodial lending protocol on Optimism, is suspected of an exit scam worth $4 million. The protocol allegedly plucked user funds via a smart contract loophole, causing the Kokomo Finance token to plummet 95% in value. Blockchain security firm CertiK alerted its followers to the situation, noting that Kokomo Finance removed all social media accounts following the incident.
Axon Explores Blockchain to Fight Body-Cam Deepfake Videos
Axon Enterprise Inc, a leading manufacturer of body-cams for United States law enforcement agencies has produced new cameras enhanced with blockchain technology in an attempt to thwart ‘deepfake’ videos.
Sotheby Alters Art Sale, Novice Player Makes Staggering Profit
Sotheby's has announced a new digital art sale, "Glitch: Beyond Binary," with a focus on diversity after criticism. Meanwhile, a newcomer to the game Illuvium: Beyond has made a huge profit by finding a rare character.
Crypto.com to bring Crypto to Formula 1 through Partnership with Aston Martin
Crypto.com is the first cryptocurrency platform to announce a partnership with an F1 team. The crypto exchange has secured a multi-year sponsorship deal with Aston Martin.
Former Citibank Trading Executive Floats $1.5 Billion Crypto Fund
A former trading executive at Citibank has launched the Hivemind Capital Partners to back unique and innovative startups or protocols in the digital currency ecosystem, providing a $1.5 billion crypto fund investment.
HK legislator's company will attract 1,000 Web3 startups in three years.
Hong Kong legislative council member Jonny Ng Kit-Chong created a startup accelerator to lure 1,000 Web3 enterprises to the city-state. The engineer and politician owns over 40 enterprises. Hong Kong's government is pushing G-crypto Rocket's hub proposal.
TRON DAO Team Goes to NFT NYC 2023 and Announces Uquid Partnership
They say if you can’t make it there, you can’t make it anywhere. So, the TRON DAO team gave Gotham a go.
Bitfinex Integrates Tether Stablecoin into the OMG Network as Ethereum Network Faces Congestion Issues
Bitfinex cryptocurrency exchange has announced that it has integrated Tether (USDT) into the OMG network. The integration is set to reduce transaction confirmation and fees. The crypto exchange will enable Tether withdrawals and deposits on the OMG network. OMG network, previously known as OmiseGo, is a scaling platform, which enables peer-to-transactions in real-time, a solution that enhances the scalability of the Ethereum network.
Upbit Announces Dunamu & Partners' Digital Asset Holdings for October 2023
Upbit discloses Dunamu & Partners' #Bitcoin holdings as of October 2023, holding 2,081.84950412 BTC with no sales transactions recorded, aligning with Upbit's transparency principle in digital asset trading.
DWF Labs Co-founder Andrei Grachev Announces Financial Partnership with DMCC
Andrei Grachev, co-founder of DWF Labs, announced a financial partnership with DMCC, supporting firms transitioning to Dubai DMCC. This announcement, juxtaposed with Grachev’s recent Twitter feud with GSR.io's Cristian Gil, highlights the competitive and cooperative facets of the crypto market landscape, and the challenges and opportunities DWF Labs encounters in its journey.
Blockchain Infrastructure Provider Tatum Secures $41.5M Funding
Blockchain as a Service (BaaS) provider, Tatum has landed $41.5 million in funding, receiving the needed capital backing to expand its business offerings
Wharton Business School Launches Online Metaverse Course, Accepting Payment in Crypto
The Wharton School of the University of Pennsylvania has announced the launch of a six-week online course on "Business in the Metaverse Economy."
Wharton Accepts Cryptos as Tuition Fees for Blockchain Courses
The Wharton School officially accepts crypto as a payment method for blockchain courses through Coinbase exchange.
Bitcoin Mining Firm Blockmetrix Bags $43 Million Fundraising
The latest financing adds on top of the previous series A funding round that Blockmetrix raised in June last year.
BitMEX Founder Arthur Hayes Pleads Guilty to Violating Bank Secrecy Act
BitMEX co-founders Arthur Hayes and Benjamin Delo have pleaded guilty to violating the United States Bank Secrecy Act (BSA).
LG Launches NFT Platform With Hedera Blockchain
The platform, LG Art Lab will allow users to buy, sell and put up digital art or NFTs on their television sets, the company announced.
Exclusive: Blockchain at the Stage of Tech Convergence
How does Deloitte Blockchain Lab envision the future of blockchain? Dr. Paul Sin believed that blockchain is at the stage of technology convergence with IoT, big data and artificial intelligence! He also explained the 3 challenges for enterprises to implement their own blockchain and various blockchain auditing services offered by Deloitte.
Australia Opens Public Consultation on National Taxonomy of Crypto Assets
A crypto licence and custody document will be released in mid-2023.
Google Pairs with Coinbase to Spur Web3 Innovations, Offer Crypto Payments for Cloud Services
Google has teamed up with crypto exchange Coinbase to allow some of its clients to pay for cloud services using cryptocurrencies.
Crypto.com Officially Becomes the Philadelphia 76ers Team's Jersey Patch Partner
Hong Kong-based cryptocurrency exchange Crypto.com announced that it has formed a partnership with the Philadelphia 76ers, becoming its official jersey logo-designated sponsor.
Rabbit Inc Introduces AI-Powered r1 Device for Mobile Interaction
Rabbit Inc's r1, an AI-powered mobile device featuring the innovative Large Action Model OS, was showcased at CES 2024, offering a novel approach to mobile interaction and user convenience.
U.S. Senators Urge Treasury and IRS for Swift Cryptocurrency Tax Rule Implementation
A group of U.S. Senators has expressed concern over a two-year delay in implementing tax reporting requirements for crypto brokers, urging the Treasury Department and IRS to expedite the process to close the crypto tax gap, provide clarity for taxpayers, and secure billions in lost tax revenue. The delay contradicts the directives of the Infrastructure Investment and Jobs Act and gives leeway to crypto lobbyists opposing the rule.
Ripple (XRP) CTO responds to phishing scam concerns following Cory Doctorow's $8000 loss
Ripple's CTO David Schwartz emphasizes his cybersecurity savvy, responding to phishing scam concerns after Cory Doctorow's $8000 loss. Ripple educates on scam identification and prevention, amidst increasing social media-based crypto frauds.
Animoca Brands Partners with Blockpass to Enhance Web3 Security and Compliance
Animoca Brands aligns with Blockpass in a strategic partnership to bolster Web3 security, aiming to set new standards in user verification and regulatory compliance.
African Blockchain Ventures See Explosive Growth
African blockchain ventures experienced a 429% increase in funding, surpassing the global average of 4%. Seychelles and South Africa accounted for 81% of the funding, and Nigeria had the highest number of deals but only accounted for 3.4% of funding. Median deal size has significantly increased, indicating growing investor confidence.
Crypto Prime Broker Hidden Road Partners Urges Clients to Liquidate FTX Positions
Cryptocurrency prime broker Hidden Road Partners is expected to complete the liquidation of its FTX.com holdings tonight, according to Bloomberg.
PwC Expert's Take: What Are the 3 Grey Areas to Crypto Taxation in Hong Kong?
The Inland Revenue Department (IRD) of Hong Kong took a step further to provide clarity in taxing digital assets. In the recent press release titled “LCQ20: Regulation of virtual asset investment activities”, James Lau, the Secretary for Financial Services and the Treasury answered the queries raised by the Hon Wu Chi-wai on taxation of virtual assets, tax evasion of virtual asset-related business and latest effort to regulate virtual assets by the Hong Kong Securities and Futures Commission (SFC).
Bitcoin Pumps to Mid-June Levels following Boris Johnson’s Resignation
Bitcoin (BTC) hit the $22K level, a scenario last seen in mid-June after Boris Johnson resigned as the UK prime minister.
Algorand Protocol Stateful Smart Contract Upgrade Targets Scalable DeFi Solutions and Dapps
Algorand is entering the decentralized finance (DeFI) ecosystem with its new highly scalable stateful smart contract capabilities.
Standard Chartered raises $36m for crypto custody platform
Standard Chartered's crypto custody subsidiary, Zodia Custody, has raised $36 million in a series A funding round led by SBI Holdings. Standard Chartered remains the majority shareholder in the firm.
Binance Adds Smart Contracts to its Blockchain Platform, Moving Towards Direct Competition with Ethereum
Crypto giant Binance will be adding smart contracts to its blockchain platform, Binance Chain, according to its whitepaper released today.
Pudgy Penguins Expands Retail Presence with New Toys in Walmart Stores
Pudgy Penguins expands Pudgy Toys line to 3,100 Walmart stores, including 30 exclusive toys, demonstrating growth from digital NFTs to tangible consumer products through royalty payments via OverpassIP.
Here’s A Look at The Top Outlets For Blockchain Developers To Source Grants
Monetary grants are extremely important in any field - be it the arts, media, technology - especially nascent ones where there is a lot of scope for growth and development. For example, blockchain is one such domain which over the course of the last decade or so has seen an incredible output of innovation (ala smart contracts, decentralized finance, etc) from relatively independent developers working with limited resources.
Australia Evaluates Mandatory AI Rules in High-Risk Areas
Australia is considering mandatory regulations for AI development in high-risk areas, balancing innovation with public safety, ethical concerns, and global alignment in AI governance.
IOTA Foundation and Jaguar Land Rover Introduce Open-Source DLT Framework
IOTA Foundation, a distributed-ledger technology developer, and Jaguar Land Rover, a leading British luxury car manufacturer, have introduced IOTA Access.
The US Treasury Department Imposes Sanction on Suex Crypto Exchange, Accused of Facilitating Ransomware Transactions
The US Treasury Department said in a statement that Suex cryptocurrency exchange has been aiding ransomware actors to attack businesses and government entities.
UK Supreme Court Denies AI's Claim to Inventorship in Landmark Case
The UK Supreme Court's decision not to acknowledge AI as an inventor highlights the importance of human involvement in patent applications, setting a precedent for future AI-related patent disputes.
Lightspeed Venture Partners Secures $7.1B to Launch 4 New Crypto Funds
Venture capital firm Lightspeed Ventures has announced it has secured the cumulative sum of $7.1 billion to bankroll 4 new crypto funds.
South Korea’s Presidential Nominee to Raise Campaign Funds by Using NFT
The campaign office of Lee Jae-myung, a South Korean Presidential aspirant, has announced the plans to raise funds through a blockchain-based digital platform with plans to issue a Non-Fungible Token (NFT) to donors afterwards.
DoD Agency DARPA Taps Inca Digital to Assess Crypto Impacts
The Defense Advanced Research Projects Agency (DARPA), a division of the United States Department of Defense (DOD) has tapped Inca Digital to develop mapping tools to analyze the impacts of crypto as it concerns national security.
Binance Earmarks $1B to Fund Growth Initiatives in Crypto Ecosystem
Binance, the world’s biggest digital asset trading platform, said it has earmarked $1 billion to fund growth initiatives in the cryptocurrency ecosystem.
Chico Crypto Goes Head-to-Head with Cardano Founder on Smart Contracts
Crypto gets its first bout in the ring with well-known crypto YouTuber Tyler Swope aka Chico Crypto going head to head against Charles Hoskinson Founder of Cardano.
Coinbase Legal Chief Urges Swift US Crypto Legislation Amid Israel-Hamas Tensions
Coinbase's Chief Legal Officer, Paul Grewal, emphasized the importance of preventing cryptocurrency misuse and advocated for sensible crypto legislation in the US amidst geopolitical unrest involving Israel and Hamas. Grewal highlighted Coinbase's proactive measures like KYC checks and law enforcement partnerships to curb illicit activities on its platform. The discourse also spurred reactions from the crypto community regarding asset seizures and the role of other crypto exchanges like Binance.
Coinbase to Close Its San Francisco Headquarters in 2022
Coinbase will be moving out of its San Francisco headquarters by 2022.
UAE Mall Majid Al Futtaim Signs Strategic Partnership with Binance Exchange
The partnership is a big step between Majid Al Futtaim and Binance, enabling customers of Majid Al Futtaim to enjoy a new shopping experience by enjoying web3 technologies.
What is Tezos?
Tezos, a promising new blockchain-based platform for building smart contracts and decentralized applications (dApps).
Top UFC Fighters to Receive Bonuses in Bitcoin During PPV Events
The Ultimate Fighting Championship (UFC), the world’s leading mixed martial arts competition, has teamed up with crypto exchange Crypto.com to offer best-performing fighters bonuses in Bitcoin (BTC).
Circle Formally Refutes Allegations of Illicit Financing and Connections to Justin Sun
Circle denies CfA's allegations of illicit financing and Justin Sun ties, emphasizing regulatory compliance and advocating for stronger stablecoin laws, as clarified by Dante Disparte.
EY Increases Its Investments in The Blockchain Market
EY has committed another $100 million in funding to sponsor the development of several blockchain products.
Nodle's Smartphone-Powered Blockchain Network
Nodle turns cellphones into nodes using Bluetooth to increase IoT adoption.
Bitpanda Launches New Crypto Indices for Long-Term Diversified Portfolios
Bitpanda, a digital investment platform, rolled out at least four crypto indices for investors, providing more options by helping them to diversify their portfolios.
Nasdaq Embraces AI to Spearhead Financial Crime Prevention
Nasdaq is investing heavily in AI technology to combat financial crime, strengthening its position as a technology-driven financial services company and addressing sophisticated financial crimes.
OpenAI in Advanced Funding Discussions Targeting Over $100 Billion Valuation
OpenAI is in talks to raise over $100 billion in funding, potentially making it the second most valuable U.S. startup, with discussions also involving a chip venture with G42.
China's Shanghai Unveils Action Plan to Forge a New Path in the Metaverse Tourism Industry
Shanghai has taken a significant step in the realm of metaverse tourism with the release of the "Shanghai Action Plan for Creating a New Path in Metaverse Tourism (2023-2025)". The plan, unveiled by the Shanghai Municipal Bureau of Culture and Tourism, outlines the city's strategic focus on five key areas to propel the development of metaverse tourism in the coming years.
Bitfinex CTO: Keeping Crypto Safe with State-of-the-Art Cyber Security
Paolo Ardoino, the CTO of Bitfinex and Tether tells us why safety and security should always be a top priority for crypto exchanges.
Plantoids: The Advent of New Blockchain-Based Lifeforms
Plantoids. What are they? Where do they come from? This new art project uses blockchain as a new outlet of artistic expression.
NFT Mania Grips The Market As Hashmasks Emerge
While Bitcoin’s market capitalization passed $1 trillion for the first time ever on Feb.19, the Non Fungible Token (NFT) market has been growing at a pace like never before as well. A NFT is a special kind of crypto token which represents a wide range of tangible and intangible items from sports cards or collectibles, art and even real estate.
DLA Piper: Security Tokenization in Hong Kong
Security tokenization is the representation of fractional interests in an asset using blockchain. A security token derives its value from an underlying asset, such as a work of art. This differs from a utility token, which gives a holder the right to use a particular product or service, or a cryptocurrency such as Bitcoin, which has its own value as a currency.
TRON Welcomes NFT Collectors into the MegaCryptoPolis Metaverse
It’s no secret that TRON has been eyeing a foray into NFTs and digital collectibles for some time; only last week, Justin Sun was pipped to the punch to purchase Beeple’s NFT art collection at Christie’s. The TRON founder placed a last-minute bid that fell just short of the $69 million the work eventually went for.
Standard Chartered's Virtual Bank, Mox Will Usher in New Era of Banking for Hong Kong
Mox Bank Limited, or Mox, the new virtual bank in Hong Kong recently launched by Standard Chartered, has now been made available to select customers via invitation in an external pilot. The aim of the pilot is to prepare the state-of-art virtual bank for the public launch scheduled for later this year.
Once Upon a Time in Blockchain: The Reinvention of Storytelling
Storytelling is a timeless craft. From early human art in caves around the world, to the complexity of Egyptian hieroglyphics, people have been crafting and telling stories for millennia. Now, blockchain has emerged as the next platform to create and tell stories on.
Twitter CEO Jack Dorsey Intends to Donate Proceeds from Tweet NFT to Africa Relief Charity
Twitter CEO Jack Dorsey has capitalized on the non-fungible token (NFT) hype that has been going around.
Tesla CEO Elon Musk Is Selling His First NFT and It’s a Techno Song about NFTs
The NFT hype has been escalating and many artists and celebrities have capitalized on the trend to produce a NFT of their own.
Dogecoin Accepted as Payment by NBA's Dallas Mavericks as Owner Mark Cuban Invests in NFT Platform
NBA's Dallas Mavericks will be accepting Dogecoin (DOGE) payments for tickets and merchandise purchased online.