Crypto

ChainGPT is expanding its on-chain presence and increasing its interchain capabilities by bridging its $CGPT token to the Ethereum Network. The bi-directional bridge was developed through a partnership with ChainPort, KuCoin, BitGet, and other top-tier Web3 partners, enabling users to transfer their $CGPT seamlessly between the ETH and BNB/BSC networks. The implementation of the bridge
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BlackRock, the world’s largest asset manager, has made a significant stride towards its involvement in the cryptocurrency industry by filing for a Bitcoin Spot ETF with the US Securities and Exchange Commission. BlackRock’s success rate with the SEC has been unmatched so far, and despite many other companies’ previous applications for such a product failing,
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Binance, the world’s largest cryptocurrency exchange by trading volume, has launched a new tool called “Bitcoin Transaction Accelerator” to enable users to confirm their transactions on the Bitcoin network more quickly, regardless of any potential network congestion issues. The new solution was launched on June 15, and it will only be available for verified Binance
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Binance, a leading cryptocurrency exchange, has asked Binance.US management to reduce the size of its workforce across the division as it foresees protracted and expensive litigation with the US Securities and Exchange Commission (SEC). In a letter to employees, Binance warned that the litigation with the SEC is likely to be lengthy and costly. The
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Coinbase’s chief legal officer, Paul Grewal, has updated the situation on the U.S. Securities and Exchange Commission’s (SEC) response to the company’s repeated calls for regulatory clarity. In a recent filing, Grewal reported that the regulator has launched an outright attack on the digital asset industry this year and “repeated the fallacy that they haven’t
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BlockFi, the bankrupt lending platform, has announced that it needs to carry out updates before customers can withdraw their crypto assets held in wallet accounts. The platform has stated that this “work” should be completed by summer, and it will add new product functionality to its platform before allowing withdrawals. New Withdrawal Process BlockFi has
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Mark Cuban, an American businessman, philanthropist, and television personality, has criticized the United States Securities and Exchange Commission (SEC) for providing misleading guidance on which digital currencies could be categorized as securities. The SEC has received criticism for its unfriendly attitude towards the cryptocurrency industry, having recently filed lawsuits against two of the largest exchanges
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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 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
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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,
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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
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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
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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
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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,
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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
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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
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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
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