Coinbase Cloud, the Web3 infrastructure unit of Coinbase, has announced that it will become a Chainlink (LINK) oracle node operator to enhance smart contract security. In a statement shared with CryptoSlate on May 18, Coinbase Cloud stated that Chainlink plays a significant role in providing real-world data for Web3 through decentralized Oracle networks. Since many
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The Foundation for Art and Blockchain (FAB) has launched FAB DAO, a Decentralized Autonomous Organization that aims to merge art and technology in the Web 3 space through blockchain technology. The new collector platform seeks to expand the reach and potential of FAB’s mission. Additionally, it will leverage blockchain technology’s power to democratize art patronage,
Bankrupt cryptocurrency firms FTX, FTX.US, and Alameda Research have filed a lawsuit against their former executives, Sam Bankman-Fried (SBF), Nishad Singh, and Gary Wang. The lawsuit, filed in the United States Bankruptcy Court for the District of Delaware, seeks to recover the funds spent on the acquisition of stock clearing firm Embed Financial Technologies. The
A Nevada man has been charged by the U.S. Department of Justice (DOJ) for his role in a cryptocurrency scheme called CoinDeal. Bryan Lee, the Nevada resident, was charged for his involvement in defrauding investors through CoinDeal leader Neil Chandran’s companies. The Scheme The DOJ alleges that Lee conspired with Chandran to defraud investors. Lee
Futureverse is an advanced blockchain network that combines multiple technologies to create a robust foundation for metaverse applications, prioritizing user safety and experience. It is not just another blockchain network, but a vision conceived by Aaron McDonald, Shara Senderoff, and Marco Brondani. The primary goal of Futureverse is to build a strong community network that
On May 19, the US Treasury and the Office of Foreign Assets Control (OFAC) imposed sanctions on several entities that have ties to Russia. One of the firms that have been sanctioned is Huriya Private FZ LLE, a UAE-based company that has been accused of money laundering and procuring passports for Russian actors since Russia’s
Sotheby’s, one of the world’s oldest and largest auction houses, announced on Friday the auction of seven NFTs that belonged to the bankrupt cryptocurrency hedge fund, Three Arrows Capital (3AC). The auction saw the collection of digital art pieces being sold for an impressive sum of approximately $2.5 million. This significant event was a testament
Coinbase, a cryptocurrency exchange platform, has announced upgrades to its membership account, Coinbase One. The new membership offers zero trading fees, increased staking rewards, and priority support. However, users will have to pay $30 a month for the new service, which has raised concerns. Coinbase has been criticized for having some of the highest trading
OpenAI, an American artificial intelligence research laboratory, has launched an iOS app for its popular ChatGPT chatbot. The free-to-use app is built on GPT-3.5 and features voice input and synchronization of user history across devices. The existing subscribers of ChatGPT Plus will have exclusive access to GPT-4’s capabilities and faster response times on iOS. While
Bitcoin has experienced little movement in the past few days, with the exception of a brief pump and dump that added around $500 to its value. Similarly, most altcoins have also remained stagnant. However, there are some exceptions, such as Injective, which has experienced enhanced volatility. Last week, Bitcoin’s value dropped to a two-month low
Strike, a Bitcoin payments company and remittance app, has announced that it is now available for download in over 47 countries worldwide. This international expansion will allow wallet users in several countries, including India, South Korea, and Sri Lanka, to remit payments to one another in both USD and BTC. The company leverages the Bitcoin
Paradigm, a crypto venture capital firm, has filed an amicus brief in the ongoing case between the New York Attorney General (NYAG) and KuCoin. The NYAG sued KuCoin in March for operating in the state without registering and facilitating the trading of tokens like Ethereum (ETH), which the regulator classified as securities. However, Paradigm disagrees
Ledger’s new firmware update for its crypto hardware wallet has come under scrutiny for potentially putting users’ private keys at risk. This has led to a lot of discussion online amongst experts and users alike. The company tried to alleviate concerns on Wednesday with a Twitter thread, but a tweet that was later deleted only
The meme coin market has been welcoming new entrants with Copium ($COPIUM) being the latest addition. Copium made a grand entry on Uniswap, and within just five hours of its listing, the token’s value surged by an astounding 800% from its initial price to $0.0162. Copium’s price has since corrected, settling at a strong support
Gala Games, a play-to-earn gaming industry player, has burned nearly 21 billion GALA tokens, which are valued at over $637 million. This move follows the completion of its V2 token airdrop and is in line with the company’s 2023 Vision Paper. The token burn aims to alleviate worries about a potential “dump and exit” event.
$COPIUM, a new meme coin, has made a dramatic entrance into the Web3 circles and has already begun to make waves thanks to its exciting NFT and token airdrop campaign. Within minutes of its launch on decentralized exchange Uniswap at 4 pm UTC, $COPIUM surged by 1000%, with early buyers eager to invest given the
The Filecoin Foundation has rejected the Securities and Exchange Commission’s (SEC) assertion that its FIL token is a security. The SEC had previously asked Grayscale to withdraw its registration statement for Filecoin Trust because the token met the definition of a security. The Filecoin Foundation’s Response In a statement shared with CryptoSlate, the Filecoin Foundation
The US stock market saw a recovery on May 17 and 18 due to hopes of a debt ceiling agreement, but some of the gains were lost on May 19 due to reports of a temporary halt in talks. The US Dollar Index (DXY) also turned down on May 19 after Federal Reserve Chair Jerome
San Francisco-based blockchain company Ripple has unveiled a new platform for central banks, governments, and financial institutions to issue their own central bank digital currency (CBDC), called the Ripple CBDC Platform. The platform will use the same blockchain technology as the XRP Ledger (XRPL) and will offer solutions for wholesale and retail CBDCs on a
The United States dollar has long been the dominant global reserve currency, but this is changing. In 2001, the US dollar accounted for 71% of global foreign exchange reserves. As of 2021, that number has decreased to just over 58%. This shift, known as de-dollarization, is being pursued by countries like Russia and China, who
Bitcoin was introduced in 2009 as an alternative to traditional, centralized payment methods. However, even after 14 years, most cryptocurrency platforms still struggle to offer complete decentralization. Cloak Protocol is a new cryptocurrency that aims to solve this issue by providing anonymity, security, and privacy to users. The Features of Cloak Protocol Cloak Protocol is
The Floki Inu coin, a meme coin that had been struggling recently, has shown signs of resurgence. Despite its catastrophic performance, chart analyses have indicated an emerging uptrend with the coin’s price action carving out higher highs and higher lows. Experts predict a 12% surge that could breach its immediate resistance of $0.00004, potentially escalating
HashKey Group, a Hong Kong-based cryptocurrency financial service provider, is looking to raise up to $200 million in funding to expand its operations and tap new opportunities in the Asian cryptocurrency market. The company is currently in early-stage talks with venture capitalists to raise the funds at over $1 billion valuation. The details of the
RTFKT, short for “artifact,” was founded by Chris Le, Steven Vasilev, and Benoit Pagotto, who are experts in gaming, design, and technology. Their vision was to bridge the gap between physical and digital fashion by creating digital fashion items intended for video games and virtual environments. This unique approach has transformed how we perceive fashion
While positive news of debt ceiling talks have helped the United States stock markets to recover, the same cannot be said for the cryptocurrency market. Bitcoin has fallen below the $27,000 support, indicating that buyers are struggling to maintain relief rallies. Institutional investors are booking profits due to macro uncertainty, with $200 million being withdrawn
The popular cryptocurrency exchange, Uniswap, is set to launch on the Moonbeam parachain of Polkadot, according to a recent proposal approved on the exchange’s governance forum. Blockchain at Michigan, an educational group, presented the proposal, which passed with near-unanimous support, with only a single token being used to vote against it. Details of the Proposal
Pakistan’s Minister of State for Finance, Aisha Ghaus, stated that the country could not legalize cryptocurrency trading due to its recent removal from the Financial Action Task Force’s (FATF) “Grey List” and concerns about terror financing. During a Senate Standing Committee on Finance meeting, the minister explained that FATF had imposed strict conditions for using