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
Ether’s price has hit a 7-day low of $1,788 on May 17, following a sell-off triggered by Chinese prosecutors’ crackdown on the NFT market and the UK lawmakers’ proposal to regulate crypto assets like gambling. The price drop has been further exacerbated by the decline in Bitcoin’s price, which lost its key $27,000 support level,
Crypto.com, the Singaporean cryptocurrency exchange, has recently launched an update to its decentralized finance (DeFi) wallet service. The update enables support for fiat-to-crypto purchases in more countries and the addition of three new tokens. New Tokens and Fiat-to-Crypto Purchases In a recent blog post, Crypto.com announced that it has added Polygon (MATIC), USD Coin (USDC),
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
Grayscale Investments has been asked by the United States Securities and Exchange Commission (SEC) to withdraw its application for a Filecoin Trust product, as the regulator believes that the underlying asset, Filecoin (FIL), can be considered a security. Grayscale had submitted a Form 10 application on April 14 for the updated Filecoin Trust product, which
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