The European crypto scene has gained significant traction over the past few years, with a surge in the interest in and adoption of cryptocurrencies and blockchain technology. While the crypto industry is often associated with decentralization, innovation and financial freedom, it is not immune to various political ideologies and influences, and right-wing movements are no
Month: June 2023
The number of staked Ether (ETH) in May reached a new all-time high of 2.96 million ETH, or approximately 2.46% of the total ETH supply. The amount of staked ETH in May does not include withdrawals and is more than twice as big as the second-highest staked amount of ETH registered in February 2022. Monthly
Officials in Japan are beginning to tighten their stance towards artificial intelligence (AI) after the country’s local privacy watchdog warned the ChatGPT parent company about its data collection methods. On June 2, Japan’s Personal Information Protection Commission issued a statement, asking OpenAI to minimize the amount of sensitive data it collects for machine learning purposes.
Crypto Twitter has been flooded with warnings from users, after the Twitter account of Mita Murati, the chief technology officer of artificial intelligence firm OpenAI, was seemingly hacked — promoting a “scam” cryptocurrency airdrop. On June 2, Murati’s account tweeted what appears to be a phishing link promising an airdrop of a purported ERC-20 token OPENAI
Bitcoin (BTC) bounced near multiple support trend lines into June 2 as market indecision remained in force. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Traders bet on $27,500 BTC price ceiling Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $26,519 on Bitstamp after the daily close. The pair showed little
Despite a 44% decline in Bitcoin (BTC) mining profitability over the last year, some Bitcoin mining companies have continued to build and increase production, according to recent announcements. On June 1, American Bitcoin mining firm CleanSpark announced that it had purchased 12,500 brand-new Antminer S19 XP units for $40.5 million. The deal worked out at
Circle recently announced plans for a June 8 launch of a new native version of its USD Coin (USDC) stablecoin on the Arbitrum network. 1/ Circle is launching USDC natively on @Arbitrum on June 8th! Keep scrolling or read the blog to learn more about this launch and how to migrate liquidity from “bridged USDC”
Keep your money in an insured account, not on an uninsured payment app, the United States Consumer Financial Protection Bureau (CFPB) warned Americans in a report released June 1. The increasing popularity and utility of nonbank peer-to-peer (P2P) payment apps, including for crypto asset transactions, makes the risk of loss in the event of a
Tether-issued USDT (USDT) stablecoin broke past a new all-time-high market cap of over $83 billion as it continues its stablecoin market dominance. The new ATH market cap for the USDT stablecoin comes in a year when other stablecoin issuers are struggling to remain afloat due to regulatory ire. The same was pointed out by cryptocurrency
RMB stablecoin team allegedly arrested On May 31, local news outlet PANewsLab reported that the developers for the offshore Chinese RMB and Hong Kong dollar stablecoin issuer CNHC had allegedly lost contact or had been taken away by law enforcement officials. A photo shows what appears to be an empty office building at CNHC’s Shanghai
A team of researchers from universities in Australia and the United States, working in collaboration with quantum technology company BTQ, recently published research proposing a novel proof-of-work (PoW) scheme for blockchain consensus that relies on quantum computing techniques to validate consensus. Our new paper on using NISQ-era quantum sampling problems in proof-of-work blockchain consensus algorithms.
A proposal to enable protocol fees for the Uniswap (UNI) decentralized exchange failed on June 1, potentially allowing liquidity providers to continue to earn all revenue from swaps, according to the proposal’s official webpage. It narrowly missed being passed, with 45.32% of votes going to the “no fee” camp and 42.34% voting to charge liquidity
The Federal Reserve Board of the United States has issued a consent order to Silvergate Bank and its parent company as part of the institution’s plans to “wind down operations” and liquidate. In a June 1 notice, the Fed said Silvergate Capital Corporation and the bank will have 10 days to submit a self-liquidation plan
Pro-XRP lawyer John E. Deaton has been active in the long-running SEC lawsuit against blockchain firm Ripple and the US-based lawyer represents thousands of token holders as Amicus Curiae in the lawsuit. Given this, Deaton has repeatedly blasted the SEC for taking an unclearly broad position in its claim against Ripple. In light of his
The crypto sector appears to have dodged another bullet. At the time of publication, the United States has reached a political agreement to raise its debt ceiling, avoiding a calamitous default on its obligations, and this resolution probably won’t include any new taxes on cryptocurrencies. But that doesn’t mean the question of U.S. crypto taxation
While many beginners base their trades on the negativity brought about by devastating events happening within the crypto space, experienced traders base their decisions on different factors and are able to come out on top of others, even in a bear market. Speaking with Cointelegraph, Dan Tapiero, the founder of growth equity funds 10T Holdings