Crypto

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

Celsius, a crypto lender undergoing bankruptcy and restructuring processes, has seen substantial activity in its wallets. Despite its ongoing situation, it has transferred nearly $900 million worth of ETH in the past week. Celsius is one of the largest firms with a staked ETH portfolio. Transfer of ETH to smart contract According to data from

Voyager Digital, a crypto lending platform that filed for bankruptcy in July 2022, has received court approval to begin repaying its customers’ trapped funds. However, the repayments will only cover 36% of what customers are owed. The liquidation procedures come after over 10 months of freezing customer withdrawals, which was caused by the bankruptcy of

In recent weeks, Coinbase has been requesting clear regulatory guidelines from the SEC to maintain compliance. In response, the SEC has remained silent, leading Coinbase to take legal action. The CEO of Coinbase, Brian Armstrong, has stated that his company is keen to avoid regulatory enforcement and instead, promote cooperation and amicable discussions with regulators.

Bitcoin’s recent volatility continued as it failed to break above $27,500 and subsequently retraced to fall below $27,000 once again. Altcoins also experienced minor declines, with Ethereum (ETH) nearing a break below $1,800 and Binance Coin (BNB) falling to $310. However, XRP was an exception with a notable price surge. Last week saw Bitcoin’s price

Ledger, a popular provider of crypto hardware wallets, has received criticism from its users after releasing an update that has raised security concerns. While the company has defended the update, experts and crypto holders are distancing themselves from the provider. The Issue The controversy began after a Reddit user raised questions about whether Ledger has

The European Union’s Economic and Financial Affairs Council has given unanimous approval to the Markets in Crypto-Assets (MiCA) regulation. The MiCA bill was also passed by the EU Parliament last month. The legislation sets out a comprehensive framework for regulating the crypto industry in the EU, including rules for utility tokens and stablecoins. The bill

Worldcoin, the blockchain biometrics project co-founded by OpenAI CEO, Sam Altman, announced a $100 million funding deal this week. The latest round of investors includes both new backers and previous seed round investors such as a16z, Coinbase’s venture capital division, Khosla Ventures, and Sam Bankman-Fried. Despite the significant drop in venture funding for Web3 startups

The PEPE memecoin has become the latest sensation in the cryptocurrency world, with its frog-themed coin making many people millionaires overnight. However, the frenzy surrounding the coin has also led to the creation of numerous scam tokens. Scams and Frauds Blockchain security firm PeckShield has identified at least 10 memecoin scams, including PEPEDOGE, PEPEC, WOW,

Tether (USDT), a stablecoin issuer, has emerged as the preferred stablecoin amid the recent banking turmoil in the United States. According to the latest attestation report, Tether has recorded a net profit of almost $1.5 billion in Q1 2023. Tether’s Reserves and Investments Tether’s excess reserves reached an all-time high of $2.44 billion in Q1,

A recent study conducted by Goldman Sachs has found that 32% of family offices globally have exposure to digital assets, non-fungible tokens (NFTs), or decentralized finance (DeFi), while 26% have explicitly invested in cryptocurrencies. The survey contacted 166 family offices in the Americas, Europe, the Middle East, Africa, and Asia-Pacific to determine how their investment

Bitcoin attempted to surpass $27,000 recently, but it failed due to low weekend trading volumes, and has remained relatively stagnant. The altcoins have also not seen any significant price movements, with ETH currently holding onto $1,800 and BNB increasing to $310. The past few days have not been kind to the primary cryptocurrency, with it

According to a report by market intelligence firm Messari, the Tron blockchain experienced an increase in usage during the first quarter of 2023. The network activity remained mostly unaffected by several lawsuits announced by the US Securities and Exchange Commission (SEC) against Tron ecosystem tokens. The Tron blockchain’s native token, TRX, witnessed a nearly 20%

Bitcoin has recovered from a recent slump, during which it fell below $26,000 to reach a two-month low. However, the asset has since bounced back and reclaimed $27,000. Although bitcoin had reached a multi-day high of $28,400 after the release of US CPI numbers for April, this pump was short-lived and followed by a severe

The BRC-20 token standard has recently become the talk of the town in the crypto industry. It has gained significant attention due to the memecoin craze. This token standard is still subject to some constraints regarding the broader crypto landscape. Bitfinex, a leading crypto exchange, has recently released a report emphasizing the potential of this

The People’s Court of Ho Chi Minh City is currently trying 16 Vietnamese individuals who are suspected of being behind a $1.5 million cryptocurrency robbery and kidnapping. Among these suspects are two ex-police officers. The incident began in 2018 when Le Duc Nguyen advised Ho Ngoc Tai to sell around 1,000 BTC to purchase other

This week has seen Ethereum, Ripple, Cardano, Pepe, and Dogecoin take center stage in the cryptocurrency market. Ethereum has fallen by 7.4% since the market turned red, and the $1,800 level has become a resistance level, signaling a significant change in the structure. The momentum has turned bearish, and the coming week may see a

Ripple’s current price is in a precarious position as it approaches a crucial support region consisting of the 200-day moving average and the $0.41 price zone. If the price falls below this critical level, it could potentially trigger a significant downturn toward the descending trendline. Looking at the daily chart, it is evident that after

The Securities and Exchange Commission (SEC) recently revealed that Coinbase CEO, Brian Armstrong, was granted security benefits of $6.3 million in 2022, more than triple the amount in the previous year. The disclosure has coincided with a regulatory tussle for Coinbase in the United States. Compensation and Benefits Armstrong’s total compensation for the year was

MetaMask, the web3 wallet, recently announced on May 11th that it has introduced PayPal as a payment option for Ethereum purchases. Nonetheless, this new payment channel is currently only available to U.S. users. MetaMask noted that it is the first web3 wallet that allows its users to buy ETH using PayPal, a leader in the