Ethereum devs create DN-404 in response to ERC-404 gas issues
A group of Ethereum application developers recently introduced a new token contract named DN-404 in response to the growing issues associated with the ERC-404 standard. ERC-404, an experimental standard, had gained significant popularity but also led to network congestion and increased fee rates on the ETH platform. DN-404, which stands for “Divisible NFT-404,” is built […]
Google set to invest $27 million to push AI skill training in Europe
Google recently unveiled plans to launch a 25 million euro ($26.9 million) support fund aimed at bolstering skill training for individuals in Europe, with a particular focus on artificial intelligence (AI). The initiative, known as the AI Opportunity Initiative for Europe, seeks to provide training opportunities to enable people to harness the potential of AI, […]
JPMorgan reveals institutional adoption of AI in trading
Institutional investors are increasingly recognizing the potential of artificial intelligence (AI) in shaping the future of trading, as revealed by a recent survey conducted by JPMorgan, a multinational investment bank. The survey, titled “e-Trading Edit: Insights from the Inside,” collected responses from 4,010 institutional traders across 65 countries. JPMorgan survey unveils institutional view of AI […]
Grayscale discusses the effects of Ordinals and ETFs on BTC’s halving
Grayscale, a prominent digital asset manager, has released a report shedding light on the potential implications of the upcoming Bitcoin halving event in 2024. The report suggests that this particular halving might diverge from previous patterns, primarily due to the emergence of U.S. spot Bitcoin exchange-traded funds (ETFs) and other market dynamics. Grayscale discusses Bitcoin […]
Ethereum network registers spike in new validators
The Ethereum network is witnessing a notable surge in the number of validators looking to stake their ether (ETH), according to data from ValidatorQueue. The validator entry queue has spiked to 7,045, marking the highest level since October 6. This influx represents over 225,000 ether, translating to approximately $562 million, and it is anticipated to […]
Valkyrie CIO predicts negative trend in the Bitcoin ETF market
Bitcoin exchange-traded funds (ETFs) are nearing their one-month mark since launch, with Valkyrie Funds’ Chief Investment Officer, Steven McClurg, forecasting potential consolidation in the industry by year-end. Among the current ten issuers, McClurg predicts that only “about seven or eight” may survive due to the significant costs associated with operating a spot ETF for Bitcoin, […]
Gary Gensler reiterates stance on cybersecurity after X account hack
The U.S. Securities and Exchange Commission (SEC) found itself under scrutiny following a breach of its social media account on platform X, leading to the dissemination of false information regarding the approval of spot bitcoin exchange-traded funds (ETFs). In response to lawmakers’ concerns, SEC Chairman Gary Gensler offered reassurances regarding the agency’s dedication to its […]
Russia’s president describes dollar weaponization as a big mistake
The global economic landscape is undergoing a significant shift as Russian President Vladimir Putin weighs in on the declining dominance of the U.S. dollar as the world’s reserve currency. In an interview with Tucker Carlson, Putin expressed concerns over the United States’ use of the dollar as a tool for political leverage, describing it as […]
Polymarket reveals Michelle Obama’s odds to win the US presidential election
In the lead-up to the highly anticipated 2024 U.S. elections, both conventional and decentralized prediction markets have been abuzz with activity, reflecting the evolving landscape of potential contenders and shifting probabilities. Platforms like Polymarket, operating on the Polygon blockchain, offer users a unique opportunity to trade shares based on potential outcomes of upcoming events, including […]
OpenAI dragged to court by prominent authors
A group of prominent authors, including Michael Chabon, Ta-Nehisi Coates, and Sarah Silverman, are currently embroiled in a legal battle against the artificial intelligence (AI) company OpenAI for copyright infringement. They, along with two other authors, Richard Kadrey and Christopher Golden, filed a lawsuit in July 2023, alleging that OpenAI’s ChatGPT infringes on their copyrights […]
New York demands $3 billion from DCG amid expanded lawsuit
The New York Attorney General has escalated its legal battle against Digital Currency Group (DCG), a major player in the cryptocurrency space. Initially seeking $1 billion in restitution, the New York Attorney General’s office now aims to recover $3 billion for defrauded investors. This heightened pursuit follows allegations that DCG, along with its affiliated entities […]
Blockchain-based ride apps predicted to become a game-changer
The landscape of ride-hailing platforms stands on the brink of a potential revolution, with Firdosh Sheikh, the co-founder and CEO of DRIFE, suggesting that blockchain-based platforms could usher in a wave of change akin to the disruption caused by Uber and Lyft in the traditional taxi industry. These platforms leverage blockchain technology to address key […]
OKX expands its operations with its entry into Argentina
One of the leading cryptocurrency exchanges, Okx, has announced its expansion into Argentina, marking a significant move to tap into the growing crypto market in the region. With its entry into Argentina, the exchange is poised to offer a comprehensive suite of services tailored to the needs of local traders. OKX enters Argentina with a […]
Kenya receives boost to position it as a virtual asset hub
The Blockchain Association of Kenya (BAK) is making significant strides in its efforts to position Kenya as a hub for digital assets. Recently, reports emerged indicating that BAK is poised to introduce a community-led draft bill aimed at regulating the nation’s digital asset industry. This draft bill, known as the Virtual Assets Service Provider Bill, […]
United Kingdom groups reject stablecoins bill
In the United Kingdom, the crypto industry is facing a regulatory puzzle as industry groups push back against proposals from local regulators regarding the supervision of stablecoins. The Bank of England (BoE) and the Financial Conduct Authority (FCA) released discussion papers in November outlining their plans for regulating cryptocurrencies pegged to the value of fiat […]
EDX Markets set to establish a foothold in Singapore
EDX Markets, a promising crypto exchange supported by major Wall Street players, is gearing up to expand its presence and attract institutional investors. CEO Jamil Nazarali recently revealed plans to establish a significant foothold in Singapore this year. Backed by heavyweights like Fidelity Digital Assets, Citadel Securities, and Charles Schwab, EDX also has its sights […]
Optimism announce plans to pause ETH withdrawals next week
Optimism, a Layer 2 network designed to enhance scalability and reduce transaction costs for decentralized applications (dapps) on the Ethereum blockchain, is set to undergo a temporary halt in ether (ETH) withdrawals on February 15th. The pause, lasting for one hour, is scheduled to facilitate the testing of an upgraded incident response system aimed at […]
Ethereum devs highlight March 13 for Dencun upgrade launch on mainnet
Ethereum developers have marked March 13 as the pivotal date for the long-awaited Dencun upgrade during a recent coordinating call, signifying a significant step forward for the blockchain’s evolution. This upgrade hailed as the most substantial since April 2023, introduces the transformative “proto-danksharding” feature aimed at mitigating transaction costs on layer-2 networks built atop Ethereum. […]
Solana gains 6% after its recovery from the network outage
Solana investors are starting their day on a positive note as the cryptocurrency’s value has surged by 6%, marking a notable rebound from a recent network outage that temporarily halted blockchain operations. This resurgence is reflective of a broader uptrend in the cryptocurrency market, with Bitcoin, the leading digital currency, experiencing a 4% increase in […]
Binance reveals PIXEL staking rewards as launch date approaches
The impending debut of the PIXEL token heralds a significant milestone for Pixels, a prominent crypto game operating on the Ronin network. Recently unveiled, the plan to introduce the native token coincides with a Binance Launchpool promotion designed to incentivize users with token rewards. Binance highlights PIXEL staking rewards details Commencing on Friday, February 9, […]
9GAG CEO purchases Stephen Chow’s NFT at a premium price
Ray Chan, co-founder and CEO of the Hong Kong-based entertainment platform 9GAG, recently made headlines by purchasing a Stephen Chow “Nobody” nonfungible token (NFT) for 19.527 Ether, equivalent to approximately $47,300. This acquisition represents a significant premium of 3,155% over the collection’s current floor price of 0.6 Ether, which is about $1,450. 9GAG CEO makes […]
Cathie Wood praises Bitcoin as an investment tool
In recent market observations, Cathie Wood, the CEO of ARK Invest, has pointed out a noticeable shift in investment preferences, with a growing inclination toward Bitcoin over traditional gold investments. This shift has gained momentum following the introduction of spot bitcoin exchange-traded funds (ETFs), which provide investors with a more streamlined avenue to participate in […]
Vast Bank set to shutdown its mobile app and exit the crypto space
Vast Bank, a distinguished U.S. financial institution headquartered in Oklahoma, has recently made the decision to exit the cryptocurrency market. This strategic move, effective January 31, 2024, entails the discontinuation of its crypto mobile banking application, marking a significant shift in the bank’s operational strategy. Vast Bank set to exit the crypto industry Originally introduced […]
United States miners challenge EIA’s energy usage survey
The United States cryptocurrency mining sector has been stirred by an unexpected move from the United States Energy Information Administration (EIA). The agency announced an emergency survey aimed at assessing the energy consumption and sources of local cryptocurrency mining operations. This provisional, mandatory survey has sparked reactions from key players in the industry, raising concerns […]
Ethereum’s Dencun upgrade deployed on the Holesky testnet
The Ethereum ecosystem recently reached a significant milestone with the implementation of the Dencun upgrade on the Holesky testnet, marking a pivotal step before its anticipated deployment on the mainnet next month. This upgrade, known as Dencun, represents the culmination of extensive development efforts and collaboration among ETH core developers. Ethereum devs deploy Dencun on […]
Solana slides by 4% amid network outage
Solana (SOL) experienced a significant price dip of over 3% due to a major outage on its network. CoinGecko data revealed that SOL dropped to as low as $93.36 before rebounding to its current level of $93.70, marking a 4.1% decrease for the day and over an 11% decline for the week. The outage was […]
Haru Invest executives arrested for allegedly embezzling $826 million
Three executives of the cryptocurrency yield platform Haru Invest have been apprehended in South Korea, accused of orchestrating a large-scale crypto theft from thousands of customers. According to reports from local publication Yonhap News, the trio, including the company’s CEO, are facing charges from the Seoul Southern District Prosecutors’ Office’s Joint Investigation Team of Virtual […]
Japan Airlines set to launch its NFT project
Japan Airlines has embarked on a venture into the world of nonfungible tokens (NFTs), partnering with marketing firm Hakuhodo to launch the Kokyo NFT project. Announced on Feb. 5, this collaboration marks the airline’s foray into tokenizing local experiences and real-world assets (RWAs) into NFTs. Japan Airlines ink partnership to launch NFT project Building on […]
DCG files a motion to object to Genesis Capital’s bankruptcy plan
Digital Currency Group (DCG) has taken legal action against its subsidiary, Genesis Capital, over its bankruptcy plan, alleging violations of the Bankruptcy Code. In a motion filed on February 5th, DCG argued that Genesis’ proposed plan would overpay its customers, going beyond what is legally required. DCG stated that it would support a plan that […]
Spain’s Ministry of Finance strengthens hold over crypto with new law
The Spanish Ministry of Finance, under the leadership of María Jesús Montero, is actively pursuing legislative reforms to strengthen its control over the monitoring of cryptocurrencies within the country. The focal point of these reforms is Article 162 of the General Tax Law, where amendments are being developed to empower the Spanish Tax Agency. Spain’s […]
Ethereum-based Dogwifhat pumps amid insider trading rumors
In the recent crypto landscape, a surge of over $1.3 million flooded into multiple crypto wallets during the weekend, all thanks to a substantial acquisition of the Ethereum version of the meme coin known as “dogwifhat” (WIF). It’s crucial to distinguish this Ethereum iteration from the Solana-based WIF, which emerged in late November, quickly soaring […]
Binance denies reports of a compromise of its data and code
Binance, a prominent cryptocurrency exchange, has refuted allegations suggesting a compromise of its data and code. Reports emerged claiming that a repository on GitHub contained a “highly sensitive cache of code,” internal passwords, and other technical information about the platform. The publication, 404 Media, asserted that this information had been publicly accessible for an extended […]
Kenyan court unfreeze Flutterwave’s seized funds
Nigerian fintech startup Flutterwave recently secured a noteworthy victory in the Kenyan High Court, gaining access to $3 million that had been frozen since July 2022. This legal triumph marks the resolution of a protracted dispute over the frozen funds, which persisted even after the Assets Recovery Agency (ARA), an anti-graft agency in Kenya, withdrew […]
UK High Court: Craig Wright Presents Case in Bitcoin Creator Claim
In a significant development today, the UK High Court witnessed the presentation of the case by Craig Wright, who claims to be the elusive creator of Bitcoin, Satoshi Nakamoto. Wright has been asserting his association with Bitcoin since 2016, but substantial evidence supporting his claims has remained elusive. The Crypto Open Patent Alliance (COPA) trial […]
South Korea Proposes Stricter Oversight on Crypto Executives
In a move to bolster regulatory control in the cryptocurrency sector, South Korea’s Financial Services Commission (FSC) has unveiled a set of proposed amendments. If enacted, these changes could significantly enhance the authority of the local regulator over the crypto industry. Mandatory approval for new crypto executives The key proposal entails mandatory regulatory approval for […]
Nigeria’s CBN announces new changes in the foreign exchange market
The Central Bank of Nigeria (CBN) recently made a significant announcement on January 31, signaling a change in its approach to the foreign exchange market. The central bank declared the removal of caps on naira exchange rates set for international money transfer operators (IMTOs). This decision, aimed at further liberalizing the foreign exchange market, has […]
DOJ charges Belarusian man for operating an illegal exchange
The United States Department of Justice (DOJ) recently brought charges against Aliaksandr Klimenka, a Belarusian national accused of engaging in money laundering conspiracy and operating an unlicensed money services business. The focus of the allegations revolves around Klimenka’s cryptocurrency platform, BTC-e, which stands accused of facilitating anonymous Bitcoin trades. DOJ charges BTC-e platform and its […]
Bitcoin tipped to reach $240,000 after its upcoming halving
As Bitcoin enthusiasts eagerly anticipate the upcoming halving event in April 2024, market analysts, including Scott Melker, also known as the “Wolf of All Streets,” have been sharing insights into how this event could influence the cryptocurrency’s price. Scott Melker discusses Bitcoin’s future post-halving Melker, a prominent trader, investor, and host of the Wolf of […]
Ark Invest highlights triggers of Bitcoin’s price in 2024
Ark Investment Management’s “Big Ideas 2024” report sheds light on pivotal factors set to influence Bitcoin’s trajectory throughout the year. The firm emphasizes Bitcoin’s evolution from a speculative instrument to a strategic investment within diversified portfolios. The comprehensive analysis delves into technological convergence and its potential to reshape industries and economies. Ark Invest discusses Bitcoin’s […]
Coinbase enlists former British minister on its advisory council
Coinbase, the U.S. cryptocurrency exchange, has enlisted former British Chancellor of the Exchequer, George Osborne, to join its global advisory council. Osborne, a prominent political figure, served as the Chancellor of the Exchequer from 2010 to 2016 and now joins other notable figures like Mark Esper, former U.S. Secretary of Defense, and former U.S. Senator […]
