China has been known for its hard stance on trading and owning cryptocurrencies like Bitcoin and Ethereum. However, the country seems to be opening up to some parts of the industry. Despite its strict cryptocurrency regulations, China is pushing for the development of Web3. Web3: Future Internet Industry Development During the parallel forum of the
Crypto
According to a recent note by JPMorgan’s analysts, Bitcoin’s price could skyrocket to $45,000 if the leading cryptocurrency starts to resemble the price performance and investment structure of gold. Bitcoin’s YTD performance has been remarkable, with the asset starting 2023 under $17,000 after a turbulent 2022. However, it broke above that level in the first
The Federal Bureau of Investigation (FBI) in the United States has issued a warning against fake job advertisements that lure people to Southeast Asia and force them to commit international crypto scams on unsuspecting victims. These scam mills usually put up ads on social media and lure their victims by promising well-paid jobs. However, upon
Recent data from Glassnode shows that the amount of Ether held on centralized crypto exchanges has hit a five-year low, with only 17.8 million ETH currently on these platforms. This represents less than 15% of the total token supply of the Ethereum network. To compare, during the bull market in 2021, the exchange balance was
Bitcoin’s price has been moving within a narrow range in the past few weeks after breaking below the 50-day moving average. The current market situation presents several potential scenarios that could unfold. On the daily timeframe, Bitcoin’s price has yet to display a significant upward or downward movement. If a rally takes place in the
Huobi, a cryptocurrency exchange platform with a decade-long history, has announced the launch of Huobi HK, which will provide cryptocurrency trading services to users in Hong Kong. The platform aims to deliver an excellent trading experience to Web3 users in Hong Kong, who will be able to buy, sell, and hold mainstream cryptocurrencies such as
Huobi Global, a cryptocurrency exchange, has announced the launch of its Hong Kong division on June 1st for users in the city-state. The Securities and Futures Commission (SFC), Hong Kong’s securities regulator, recently allowed retail trading in cryptocurrencies after a year of turmoil in the sector. The new venue called Huobi Hong Kong will be
The world of crypto is dynamic and ever-changing, with new technologies and tools emerging constantly. One such tool is ChatGPT, which is transforming the way traders conduct research and analysis. With its analytical prowess, ChatGPT is adding a valuable tool to the trading toolkit of both big players and small investors alike. In this article,
Shaquille O’Neal, a well-known basketball player in America, is currently facing a class-action lawsuit for promoting the Solana-based crypto project, Astrals. The lawsuit was filed by Daniel Harper in a Floridan court, claiming that Shaquille promoted the Astrals token through posts and videos on his social media handles. About Astrals Astrals is a 3D-modeled NFT
Multichain users have reportedly been experiencing delays in receiving their funds following a recent upgrade of the cross-chain router protocol. There have also been rumors circulating about the arrest of the Multichain team, although these have not been confirmed. According to complaints from several Multichain users, their funds have been stuck in the protocol for
CEDEN Network Ltd, a Network-as-a-Service (NaaS) open-source infrastructure company, has acquired Galaxy Rendered Limited, a Web3 gaming innovator, for an undisclosed sum. The acquisition strengthens the foundation of the EDEN Content Creation Ecosystem with a wholly-owned subsidiary Web3 development studio and its debut metaverse game title, Rocket Monsters. The Acquisition The acquisition of Galaxy Rendered
Bitcoin, the primary cryptocurrency, saw a reversal of its trajectory after slipping to $26,600 on Bitcoin pizza day, rising by almost $1000. Other altcoins like Ethereum (ETH), Polygon (MATIC), Shiba Inu (SHIB), Tron (TRX), and Avalanche (AVAX) also saw a slight increase, jumping by around 3% daily. Glassnode, an analytics resource, acknowledged that BTC had
ConsenSys, the blockchain firm behind MetaMask, recently issued a clarification that its self-custodial wallet does not collect taxes on crypto transactions. The company addressed rumors that had been circulating on social media, stating that the rumors were based on inaccurate information. The clarification comes after several users raised concerns over MetaMask withholding customers’ crypto assets
Hotbit, a cryptocurrency exchange based in Shanghai, has announced that it will cease all operations on May 22nd, citing the increasing complexity and regulation of centralized exchanges. The platform has urged its users to withdraw their remaining assets before June 21st. Reasons for Closure The team behind Hotbit believes that centralized exchanges are becoming increasingly
Bitcoin has experienced losses recently after failing to overcome the $27,000 mark over the weekend. The asset slipped by almost $500 earlier today, charting a new multi-day low. This lack of substantial volatility has seen its market capitalization decline to $520 billion once again. Bitcoin tried twice last week to take down $27,500, but ultimately
The US Department of Justice (DOJ) has charged Bryan Lee, a Las Vegas resident, with conspiring to defraud investors in a $45 million cryptocurrency scam. Lee is accused of working with Neil Chandran and other parties to defraud over 10,000 investors through one of the companies controlled by Chandran. The DOJ alleges that Lee was
A Russian man named Mikhail Pavlovich Matveev has been charged by US authorities for his alleged involvement in multiple ransomware schemes that earned him and other attackers nearly $200 million, much of which came through cryptocurrencies. These ransomware attacks targeted hospitals, schools, and police departments, among others. Matveev was reportedly part of three different ransomware
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
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
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
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
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
In a recent interview, Canadian psychologist and political commentator Jordan Peterson spoke with tech expert and entrepreneur Brian Roemmele about artificial intelligence and emerging technologies. During the conversation, Roemmele discussed how blockchain technology, specifically Bitcoin, could be integrated into a popular payment system due to its decentralized nature. Peterson agreed, stating that Bitcoin is the
The U.S. Securities and Exchange Commission (SEC) has issued a warning to Grayscale, stating that Filecoin (FIL) tokens qualify as securities. Grayscale, a crypto manager that is part of the Digital Currency Group, was asked to retract the Form 10 request submitted for the Filecoin Trust. This request would have made it an entity reporting