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Nigeria government has approved a national blockchain policy
12 months ago 1 min read

Nigeria Takes a Step Towards a Blockchain-Powered Economy with New National Policy

Nigeria has approved a national blockchain policy in its bid to shift towards a digital economy. The policy was developed by the Federal Ministry of Communications and Digital Economy, with the aim to create a blockchain-based economy that facilitates secure transactions, data sharing, and value exchange among individuals, businesses, and the government. The policy document has not been made public yet, but the government has directed regulators like the Central Bank of Nigeria and the Securities and Exchange Commission (SEC) to develop regulatory frameworks for the deployment of blockchain technology across various sectors of the economy. The government did not

Ripple CEO is all set to address the challenges and opportunities of crypto utility
12 months ago 1 min read

Ripple CEO Brad Garlinghouse to Speak on Crypto’s Real-World Applications at Dubai Summit

Ripple CEO Brad Garlinghouse is all set to deliver a keynote address on the challenges and opportunities of cryptocurrency utility and regulation at the upcoming Dubai Fintech Summit. The event, which is slated to take place on May 8 and 9 at the Madinat Jumeirah, is expected to bring together more than 5,000 global fintech executives and enthusiasts from around the world. Garlinghouse will be joined by CNBC reporter Dan Murphy to discuss the future of cryptocurrencies and the significance of regulatory frameworks in shaping the industry’s growth. The Ripple CEO’s keynote address is expected to shed light on the

Coinbase has launched the Coinbase International Exchange
12 months ago 1 min read

Coinbase Launches New Exchange Outside the U.S. Following Regulatory Tussle

Coinbase, the largest cryptocurrency exchange in the U.S., has launched the Coinbase International Exchange, which will be accessible to institutional investors outside the country. The move follows a regulatory dispute with the Securities and Exchange Commission (SEC) over the past few weeks. Institutional investors will be able to trade perpetual Bitcoin and Ethereum futures with leverage of up to 5x. In a blog post announcing the debut of the international exchange, Coinbase said, “As more and more markets are moving forward with regulatory frameworks to become crypto hubs, we believe the moment is right to launch this international exchange.” Coinbase

Crypto.com is the latest in the crypto space to adopt AI
12 months ago 2 mins read

Crypto.com Integrates ChatGPT’s Advanced AI Capabilities in their Latest Offering, Amy

Artificial Intelligence (AI) technology is revolutionizing the way industries operate and Crypto.com is the latest in the crypto space to adopt it. On May 2, the cryptocurrency exchange announced the launch of its new generative AI user assistant, Amy. Built with ChatGPT technology, Amy is designed to inform users about the industry, including real-time token prices and projects, historical events, and more. Abhi Bisarya, the executive vice president of products at Crypto.com, expressed his excitement for the potential of AI in crypto, stating that the convergence of the two fields presents a significant opportunity for their platform. While Amy is

zkLink Announces First “Dunkirk Test” to Establish New DeFi Safety Standard
12 months ago 3 mins read

zkLink Announces First “Dunkirk Test” to Establish New DeFi Safety Standard

Singapore, Singapore, May 3rd, 2023 zkLink, a multi-chain trading middleware utilizing zero-knowledge proofs, announces the first “Dunkirk Test”, a new DeFi safety standard, on May 11-13. During this event, zkLink will shut down its servers for 72 hours, inviting users to try the emergency asset recovery feature, and earn rewards for taking part in the test. “The Dunkirk Test is like a fire drill for crypto users. We will simulate a sudden shutdown of the zkLink infrastructure, so that users can learn how to recover their assets,” said Vince Yang, co-founder of zkLink. “We believe the ‘Dunkirk Test’ could set

Amnesty International used AI generated images
12 months ago 1 min read

Amnesty International faces criticism over AI-generated images of Colombian protests

Human rights advocacy group Amnesty International has come under fire for using artificial intelligence (AI) to produce images for its social media accounts. The group was criticized for the authenticity of the images, which were created to publicize police brutality in Colombia during national protests in 2021. However, discrepancies in the images, such as uncanny-looking faces, dated police uniforms, and incorrect flags of Colombia, led to criticism of the group’s use of AI. The images were ultimately retracted by Amnesty International, which also included a disclaimer at the bottom of each image stating that they were generated using AI. The

Pepe Coin (PEPE) has seen an incredible surge of 2,300%
12 months ago 1 min read

Pepe Coin’s Price Skyrockets 2300% in 30 Days, Leaves Dogecoin in the Dust

The crypto world has seen its fair share of meme coins, with Dogecoin leading the pack as the most famous one. But in the last month, a new contender has emerged that has taken the crypto world by storm – Pepe Coin (PEPE). PEPE is a decentralized digital currency that is built on the Ethereum blockchain. Like Dogecoin, it features the beloved internet meme frog Pepe as its mascot. In just 30 days, PEPE has seen an incredible surge of 2,300%, surpassing other top meme coins such as Dogecoin and Shiba Inu. In the past 24 hours alone, PEPE has

Sotheby's Expands into NFT Market
12 months ago 2 mins read

Sotheby’s Launches NFT Marketplace on Ethereum and Polygon with a 2.5% Transaction Fee

Sotheby’s, the renowned auction house, has entered the world of non-fungible tokens (NFTs) with the launch of Sotheby’s Metaverse, a peer-to-peer marketplace for trading NFTs. The platform operates on Ethereum and Polygon blockchains and allows users to buy and sell NFTs using ETH or MATIC tokens. It charges a 2.5% transaction fee for every trade. The platform features a curated selection of handpicked artists, with 13 artists, including XCOPY, Tyler Hobbs, Claire Silver, Sam Spratt, and Refik Anadol, available at launch. Sotheby’s plans to rotate artists periodically. One of the unique features of Sotheby’s Metaverse is its commitment to honoring

Study Warns of Impending Banking Collapse in the US
12 months ago 1 min read

Half of America’s Banks Could Be at Risk of Insolvency, Study Warns

Recent reports reveal that the banking crisis in the United States is deepening. Nearly half of America’s 4,800 banks are currently “burning through their capital buffers,” with many of them potentially insolvent, according to banking expert Professor Amit Seru from Stanford University. Professor Seru’s report highlights that over 2,315 banks are holding assets worth less than their liabilities, including some of America’s largest banks. A “globally systemic entity with assets of over $1 trillion” is among those at risk. The Federal Reserve’s monetary tightening is yet to fully impact the economy, with a massive wall of debt accumulating. Some experts

Cosmos-Based Defi Protocol Nolus Raises 2.5M to Build the First Cross-Chain Defi Lease
12 months ago 2 mins read

Cosmos-Based Defi Protocol Nolus Raises 2.5M to Build the First Cross-Chain Defi Lease

George Town, BVI, May 2nd, 2023 The Nolus DeFi Lease provides up to 150% financing on the initial investment with a lowered margin call risk and access to the underlying leveraged assets. Nolus, an interoperable application on Cosmos, has secured $2.5 million in pre-seed and seed funding to tackle inefficiencies in DeFi money markets.  The recently concluded $20 million valuation seed funding is backed by Dorahacks, Everstake, Cogitent Ventures, Token Metrics Ventures, and Autonomy Capital, among others, and will allow Nolus to fully complete the technological backbone and further expand the platform both within and outside the Cosmos ecosystem. The

Zeebu Unveils the World’s First B2B Loyalty & Utility Token for the Telecom Carrier Industry
12 months ago 2 mins read

Zeebu Unveils the World’s First B2B Loyalty & Utility Token for the Telecom Carrier Industry

Dubai, UAE, May 2nd, 2023 Zeebu has launched the world’s first loyalty utility token catering to the Telecom Carrier Industry. Telecom Carriers work alongside large telecom operators to provide global connectivity. Zeebu is positioning itself as a leader by bringing a blockchain-based settlement platform to the telecom carrier space and intends to get upwards of 100+ carriers because of its partnerships, access, and network.  Telecom Carriers work with global partners and settle high transaction volume but struggle with remittance delays, forex crunches in emerging markets, the volatility of local currency against the USD, high costs of cross-border transactions, and low

FBI and Ukraine join forces to seize 9 exchange domains over money laundering accusations
12 months ago 1 min read

FBI and Ukraine take down 9 crypto exchange websites over suspected money laundering

The Federal Bureau of Investigation (FBI) and Ukrainian authorities have seized the domains of nine digital currency exchanges accused of aiding cybercriminals in money laundering activities. The seizure notice will appear on the websites of 24xbtc.com, 100btc.pro, pridechange.com, trust-exchange.org, and bitcoin24.exchange. These exchanges were accused of offering entirely anonymous digital currency exchange services and lax anti-money laundering measures. The FBI believes that these rogue exchanges serve as significant hubs in the cybercrime ecosystem and are advertised on online forums dedicated to discussing criminal activity. The FBI and other agencies have been involved in various cryptocurrency-related issues, including conducting a search

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