Artificial intelligence (AI) has been increasingly adopted in recent years, with AI-based chatbots, such as OpenAI’s ChatGPT, gaining popularity. The cryptocurrency industry has also been impacted by AI, with a number of AI-related cryptocurrencies experiencing a surge in value at the beginning of 2023. Now, a gamified version of the Turing Test is revealing fascinating
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The cryptocurrency industry is currently facing regulatory challenges, and lawmakers in the United States and United Kingdom are set to bring the discussion into the public sphere. On June 13, both nations will host high-profile hearings, marking a pivotal moment in the ongoing debate over digital asset regulation. The UK Parliament will debate the findings
According to recently published data from CryptoCompare, Bitcoin (BTC) is currently trading at a premium of more than 1% on Binance.US. This is despite the fact that the exchange’s USD trading volume has dropped to new lows following the U.S. Securities and Exchange Commission’s (SEC) lawsuit against the company. BTC is currently trading above $26,000
The XRP price has been on a solid upward trend, but it recently reached a significant resistance region at $0.55. This resulted in a surge of volatility in the past few days, leading to a rejection toward the 100-day moving average and the channel’s middle trendline. Currently, the XRP price is consolidating without providing any
A study conducted by Nokia and EY, titled “The Metaverse at Work,” has explored the benefits that companies have observed through utilizing industrial metaverse technologies. The study sourced opinions from 860 representatives across four industry sectors in six countries. The Metaverse is Here to Stay The study indicates that the Metaverse is not just a
The United States is losing its share of the cryptocurrency market due to unclear regulations in the industry. According to a CryptoQuant research report, over half of the bitcoin (BTC) held by crypto firms for their clients has moved to offshore and international exchanges. BTC reserves on US-based crypto exchanges have fallen to 2017 levels,
Cameron Winklevoss, co-founder of Gemini, a crypto exchange, has warned that the regulatory crackdown on cryptocurrencies in the US could alienate an entire generation of would-be Democrats. According to a CNN analysis, the Democratic party would have lost the 2022 Presidential election without the support of young voters. Therefore, the party needs to secure the
Bitcoin experienced a significant drop yesterday, losing almost a thousand dollars before continuing to experience volatility throughout the day. Although alternative coins also experienced drops, they were much more modest than bitcoin’s. However, many alternative coins plummeted by double digits. The past 24 hours have seen some recovery, with many coins, including ADA, SOL, and
Mining is an essential component of many networks, particularly Bitcoin, as it involves verifying transactions and packing them into blocks to be sent to the blockchain. It is crucial to the concept of cryptocurrency, but it is also very technical. It requires complex hardware and software setups, sufficient electrical supply, and a dedicated storage space
Reginald Fowler, a 64-year-old entrepreneur from Arizona and former co-owner of the professional American football team Minnesota Vikings, has been sentenced to 75 months in prison. This comes after a joint investigation by the FBI’s Money Laundering Squad and Internal Revenue Service-Criminal Investigations. Fowler has also been ordered by the court to pay a forfeiture
X2Y2 is a decentralized NFT marketplace that offers advanced features like bulk listing and batch buying. It is quickly becoming one of the top 5 NFT marketplaces in terms of sales volume, unique users, and sales count. The platform also serves as an NFT Fi platform, allowing users to borrow ETH from lenders using their
According to a study conducted by the Toronto Metropolitan University (TMU), approximately 35% of Canadians who own digital assets have become victims of crypto fraud. The research analyzed data from a survey of 2,000 Canadian residents and found that fraudulent schemes related to cryptocurrencies are a significant issue in the country. The study also revealed
The cryptocurrency market has experienced a significant drop in the past 24 hours, and some altcoins have performed worse than others. Several of the worst-performing cryptocurrencies were named in the lawsuit that the US Securities and Exchange Commission filed against Coinbase. The SEC alleges that these altcoins are securities, including Cardano’s ADA, Solana’s SOL, NEAR,
Bitcoin (BTC) fell to three-month lows on June 10 due to regulatory pressure in the United States, which also affected altcoins. According to data from Cointelegraph Markets Pro and TradingView, BTC/USD dropped to $25,483 on the day, a decrease of more than $1,200 from the previous day’s high. Although Bitcoin was showing weakness, it was
Vitalik Buterin, the co-founder of Ethereum, has pledged $100 million for Covid relief. This donation is in addition to the $90 million that was donated last year through the Crypto Relief project. The Donation Buterin, along with Polygon’s Sandeep Nailwal, jointly decided that there were high-impact projects that needed follow-through grants. Therefore, they decided to
Finblox, a crypto super-app, has partnered with major NFT communities, crypto content creators, and celebrities in Southeast Asia to release Bloxies. This is a PFP NFT collection comprising 10,000 unique AI robots on the blockchain that offers more than just a collection of NFTs. Bloxies as a Digital Identity Initially, Bloxies will serve as a
The altcoin market is currently experiencing a significant drop in value, with major cryptocurrencies such as Solana (SOL), Polygon (MATIC), and Cardano (ADA) being heavily impacted. The heatmap below illustrates the current state of the market, with investors appearing to lack confidence during this time. While the reasons for this are not entirely clear, recent
In a recent interaction, Gary Gensler, the chairman of the U.S. Securities and Exchange Commission (SEC), has made it clear that digital assets are securities. He asserted that they should be registered with the agency before being offered to investors or meet the requirements to seek exemptions. He also added that exchanges that list cryptocurrencies
Jay Clayton, the former chair of the US Securities and Exchange Commission (SEC), has commented on the regulatory agency’s current treatment of cryptocurrencies. Speaking at Bloomberg Invest on June 8, Clayton was asked whether he would have taken the same actions as current SEC chair Gary Gensler, who recently filed charges against Binance and Coinbase.
After more than a decade, the Department of Justice (DOJ) has finally charged the hackers who stole hundreds of thousands of Bitcoins from the now-defunct cryptocurrency exchange giant, Mt. Gox. The primary culprits behind the heist have been identified as Russian nationals, Alexey Bilyuchenko (43) and Aleksandr Verner (29). The DOJ stated in a press
Ethereum co-founder Vitalik Buterin, along with India-based crypto fund Crypto Relief and Polygon co-founder Sandeep Nailwal, have pledged $100 million towards COVID-19 research and medical infrastructure development in India. The collaboration aims to tackle the ongoing COVID-19 pandemic and prepare for future pandemics. The Donation The donation will be split between the three parties involved,
Commonwealth Bank of Australia (CBA), the largest bank in Australia, has announced new measures to battle scams in the country. As part of these measures, the bank will temporarily decline “certain” payments to cryptocurrency exchanges. The CBA will decline or hold crypto payments for 24 hours or more and place a A$10,000 ($6,650) limit on
Binance CEO Changpeng Zhao has denied allegations made by the US Securities and Exchange Commission (SEC) that one of his holding firms received $12 billion in US customer funds. Responding to a Coindesk article that cited a court filing as its source, Zhao stated that “this is simply false” and that Binance.US had only around
Finance is a rapidly evolving field, and new technologies like cryptocurrencies, blockchain, and decentralization are disrupting traditional ideas of value, investment, and ownership. While these innovations offer exciting possibilities for reimagining finance, they also present significant challenges. The sophisticated platforms built on these technologies can be difficult to navigate, especially for those without technical expertise.
Noel Gallagher’s High Flying Birds and the Foo Fighters are in a tight race for the top spot on the Official UK Album Charts. The gap between the two bands is just 200 units, which is equivalent to 200 physical album sales or roughly 200,000 album streams. The Official Charts Company recently revealed that the
During the Piper Sandler Global Exchange & Fintech Conference on June 8, SEC Chair Gary Gensler spoke extensively about the ongoing regulatory issues surrounding the cryptocurrency industry. He argued that the crypto community’s assistance on “regulatory clarity” lacks merit and defended his agency’s enforcement actions. Gensler emphasized that he has been straightforward in his approach,
According to Mike McGlone, Senior Macro Strategist for Bloomberg Intelligence, Ethereum (ETH) is currently trapped under the $2000 price point. Despite a stock rally, ETH has failed to sustain itself above that price, leading McGlone to believe that $2000 is a “resistance ceiling”. The NASDAQ 100 stock index tapped a 52-week high in Q2, but