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Bitcoin surged to over $35,000
5 months ago 1 min read

Bitcoin surges above $35,000 as spot ETF buzzes up

Bitcoin, the world’s leading cryptocurrency, is making headlines once again as it surged past the $35,000 mark. This exciting price movement is generating significant buzz, and there are a few key reasons behind it. As of Tuesday morning in Asia, Bitcoin was trading at $34,883, experiencing an impressive 14.8% surge over the past 24 hours and reaching a high of $35,066, a level it hasn’t seen since May 2022. This uptrend has contributed to Bitcoin’s weekly gain of 22.8%, delighting crypto enthusiasts and investors alike. The primary driver of this recent Bitcoin rally is the growing anticipation surrounding the potential

BlackRock has achieved a milestone
5 months ago 1 min read

BlackRock’s iShares Bitcoin Trust has been listed on the DTCC (Depository Trust & Clearing Corporation)

BlackRock, one of the world’s leading asset management companies, has achieved a significant milestone. Its iShares Bitcoin Trust has been officially listed on the Depository Trust & Clearing Corporation (DTCC). This development marks a crucial step in the broader adoption of Bitcoin-related financial products within traditional investment systems. The Depository Trust & Clearing Corporation, or DTCC, is a central clearing and settlement service provider that plays a pivotal role in the U.S. financial markets. It’s responsible for processing and clearing a vast array of financial transactions, ensuring the smooth operation of stock and securities trading. In essence, it’s a fundamental

European Union Lawmakers Encounter Obstacles in Defining AI Rules
5 months ago 1 min read

European Union Lawmakers Face Obstacles in Defining AI Rules

EU lawmakers are currently facing challenges in reaching an agreement on new rules pertaining to artificial intelligence (AI). As of now, consensus remains elusive, and crucial decisions on AI regulations may be deferred until December, according to sources familiar with the situation. The proposed AI rules require approval from both the European Parliament and member states within the European Union. These rules have already undergone three rounds of discussion in trilogies, which are meetings aimed at finalizing the legislative texts through negotiations between the European Parliament and EU member states. The delay in reaching an agreement on AI regulations underscores

Lightning Network Faces Critique Over Alleged Security Weakness
5 months ago 1 min read

Lightning Network Faces Security Concerns as Developer Identifies Possible Issue

A significant vulnerability within the Bitcoin Lightning Network, a technology designed to speed up Bitcoin transactions, was recently identified by Bitcoin developer Antoine Riard. This flaw, known as “replacement cycling attacks,” could potentially compromise the security of funds moving through the Lightning Network. The vulnerability could theoretically enable sophisticated attackers to carry out a “transaction-relay jamming attack” that targets a critical component of the Lightning Network called Hash Time Locked Contracts (HTLC). The goal of such an attack would be to disrupt the regular flow of transactions, causing delays or preventing them from being processed as expected. This could lead

Filecoin to play a pivotal role in the AI
5 months ago 3 mins read

The Synergy Between Filecoin and AI: Unpacking the Benefits

The intersection of substantial fiat money printing and the rapid ascent of artificial intelligence (AI) is poised to create a financial bubble of unprecedented proportions. According to Arthur Hayes, founder of BitMEX, the ever-expanding realm of AI applications necessitates a decentralized storage solution, and here’s where Filecoin, with its blockchain-based network, steps into the spotlight. As the largest decentralized data storage project in terms of storage capacity and total bytes of data stored, Filecoin seems tailor-made for AI’s insatiable appetite for data. It’s this alignment that positions Filecoin to play a pivotal role in the AI landscape. A Stable Storage

Cryptocurrency Exchange Coins.ph Faces Potential Loss of 12.2 Million XRP Tokens
5 months ago 1 min read

This Crypto Exchange Faces Potential Loss of 12.2 Million XRP Tokens

Philippine-based cryptocurrency exchange Coins.ph has reportedly suffered a loss of over 12 million XRP tokens, valued at around $6.4 million. The incident, allegedly a result of a hack, has sent shockwaves through the cryptocurrency community. The Block’s Investigation According to a report by The Block, blockchain intelligence platform XRP Scan detected a breach in Coins.ph’s security, leading to the unauthorized transfer of around 12.2 million XRP tokens. The alleged hacker executed a series of transactions, swiftly moving the stolen digital assets to several different cryptocurrency exchanges. These included platforms like OKX, WhiteBIT, OrbitBridge, SimpleSwap, ChangeNOW, and Fixed Float. The Block’s

US Republican Senators Investigate Tech Firms' Content Moderation During Israel-Hamas Conflict
5 months ago 1 min read

US Senate Republicans Probe Meta, Google, TikTok, and X Over Content Moderation in Israel-Hamas Conflict

A group of Republican lawmakers from the U.S. Senate panel has taken action, addressing letters to major tech companies, including Meta Platforms, Google, TikTok, and X (formerly Twitter). In these letters, the senators are seeking detailed information about the content moderation policies employed by these tech giants concerning the Israel-Hamas conflict. This move comes as part of an effort by these senators to gain a better understanding of how these platforms are handling content related to significant global events. The Israel-Hamas conflict has been a topic of international concern, and the senators want to ensure that content moderation on these

The price of Chainlink (LINK) has been on a remarkable upward trajectory
5 months ago 1 min read

Chainlink (LINK) soars by 13%

The price of Chainlink (LINK) has been on a good upward trajectory, reaching above $9.75, a level not seen since May 2022. This surge comes as part of a positive trend in the broader crypto market. LINK’s price has surged by 13% in the past 24 hours and 23% over the past week, making it an intriguing asset for traders. Chainlink, renowned for its oracle network and recent advancements like the Cross-Chain Interoperability Protocol (CCIP), has been one of the standout performers in the crypto market amidst the prevailing bullish sentiment. This success appears to be linked with key factors,

Uniswap's Hayden Adams Announces Monumental $650 Billion Haycoin Burn
5 months ago 1 min read

Uniswap’s CEO Burns Haycoin Valued at $650 Billion

Hayden Adams, the creator of Uniswap, has made a move in the crypto world by burning nearly all of the HayCoin (HAY) supply, amounting to $650 billion. This bold decision, executed on October 20, comes in response to the unexpected surge in the price and popularity of HAY, which had evolved from a test token introduced five years ago. HAY, initially a test token, unexpectedly transformed into a meme coin, attracting substantial transaction volumes and speculation. Adams himself was taken aback by this development, acknowledging the unpredictable and often peculiar nature of the crypto landscape. However, the soaring value of

Coinbase to Delist Five Cryptos Worth Over $60 Million
5 months ago 1 min read

This Crypto Exchange to Remove Five Digital Assets Valued at Over $60 Million

Coinbase crypto exchange, is making a move by delisting five cryptocurrencies with a combined market valuation of over $60 million. The exchange said that the decision, affecting Crypterium (CRPT), MXC (MXC), Quantstamp (QSP), Ren (REN), and TE-FOOD (TONE), follows a thorough review of the assets and their failure to meet Coinbase’s listing standards. In addition, the team noted that delisting is scheduled for November 3, 2023, but investors can rest assured that their investments will be recoverable post-delisting. Coinbase maintains strict listing criteria and periodically evaluates assets on its platform to ensure they meet these standards. This commitment to quality

U.S. SEC Showdown Set for November 9 in XRP Lawsuit
5 months ago 2 mins read

US SEC and Ripple Prepare for November 9 Lawsuit

The ongoing XRP lawsuit saga between the U. Securities and Exchange Commission (SEC) and Ripple Labs has taken another twist, with a crucial meeting scheduled for November 9. While the charges against Ripple’s top executives have been dropped, the broader legal issues surrounding XRP remain unresolved, making this upcoming meeting a pivotal moment for the future of digital assets in the United States. The Significance of November 9 The November 9 meeting, as declared by the SEC, holds immense significance as it is expected to shed more light on the direction this legal battle will take. In a recent communication

LBRY Inc. Announces Closure After Losing Legal Battle with SEC
5 months ago 1 min read

This blockchain company shuts Down after losing legal battle with the US SEC

LBRY Inc., a blockchain publishing platform, has revealed that it is shutting down its operations. Overwhelming debts owed to the U.S. Securities and Exchange Commission (SEC), its legal team, and private creditors. The statement from LBRY Inc. is clear and direct: “LBRY Inc. must die, there is no escaping this.” The company has faced a judgment against it by the federal government and carries debts amounting to several million dollars, leaving them with no other option but to cease their activities. While the company is shutting down, the LBRY blockchain itself will continue to exist. This blockchain, which hosts over