Mastercard Launches Blockchain Pseudonym Service with KYC
Mastercard has rolled out its new Crypto Credentials system for P2P transactions, initially available to a limited audience on exchanges like Bit2Me, Lirium, and Mercado Bitcoin.
ZKasino Pledges to Return Client Assets
Gaming project ZKasino has initiated a 72-hour registration window for anyone wishing to return their ZKAS tokens and reclaim their ETH investments. Following this period, the developers will verify and publish a list of wallets eligible for an ETH refund to facilitate community discussion.
ENS Labs Proposes Layer 2 Expansion for ENS
ENS Labs has proposed expanding the Ethereum Name Service (ENS) protocol to a public Ethereum Layer 2 blockchain or creating its own network as part of the next project version, ENSv2. The developers believe this will enhance scalability and lower user costs.
Turkey to Refine Regulations for Crypto Businesses
The Turkish Parliament will soon review a bill aimed at regulating the cryptocurrency sector. The discussions are scheduled to take place this week.
Taiko’s L2 Network Goes Live on Mainnet
Taiko has officially launched its L2 network on the mainnet. Taiko is an Ethereum-equivalent, EVM-compatible L2 blockchain utilizing ZK-rollup technology.
Normie Developers Enter Negotiations with Hacker
Normie, one of the largest meme coins on Base, has suffered a security breach. The project’s developers quickly initiated negotiations with the responsible hacker.
Is Friend.tech Leaving the Base Blockchain?
Shocking remarks by Racer, the co-founder of the SocialFi protocol Friend.tech, about potentially relocating the project from Base have caused a mild panic within the community. With Friend.tech already facing challenging times, the market responded anxiously to the news.
Crypto Trader Accuses X of Facilitating Account Hack
On May 26, a new scandal erupted on the X platform, involving the loss of control over a popular account. A post suddenly appeared on the channel of the renowned trader and analyst @GiganticRebirth (GCR) claiming that the ORDI token would soon “moon” and advising followers to invest immediately.
China Increases Funding for Chip Manufacturing
The Chinese government has launched a specialized investment fund dedicated to supporting local development and manufacturing of chips, including those designed for artificial intelligence. Since its official establishment on May 24, the fund has attracted over $47.5 billion in investments.
Ether․fi and Visa to Launch a Crypto Credit Card
A new product named Ether․fi Cash is designed as an alternative to the often complex and costly off-ramp process of converting cryptocurrency to fiat money. The developers hope that this innovation will allow cryptocurrency holders to operate entirely within the blockchain ecosystem.
Potential Ban Looms Over the Digital Dollar
The United States House Committee on Financial Services has approved a bill prohibiting the Federal Reserve from developing a central bank digital currency (CBDC) in the United States.
Phantom Overtakes PayPal in Google Play’s App Rankings
The cryptocurrency wallet Phantom has surpassed the global electronic payment system PayPal in the ranking of free financial apps on Google Play.
Nvidia Cuts AI Chip Prices for the Chinese Market
There’s a price war in the Chinese semiconductor market, with Nvidia taking on Huawei.
Political Consultant Accused of Faking Biden’s Voice
The New Hampshire Attorney General’s Office has accused Steven Kramer, a political consultant for the Democrats, of orchestrating the robocalls that utilized artificial intelligence to imitate President Biden’s voice. Kramer was employed by Dean Phillips, who is competing against the sitting president in the primary elections.
WhatsApp Security Faces Another Blow
A vulnerability in WhatsApp Messenger allows fraudulent groups or government organizations to track who users are messaging and their approximate locations, though the messages themselves remain encrypted. This was disclosed by developers in an internal security report.
Another French AI Startup Enters the Market
French AI developer H has raised $220 million, including investments from venture capitalists, to establish the next generation of artificial intelligence. Among the investors are notable companies like Amazon, Samsung, and even Google’s technical advisor, Eric Emerson Schmidt.
Companies Unite Against Pig Butchering Scams
Match Group, the developer of popular dating services, has joined forces with the crypto exchanges Coinbase, Kraken, Gemini, and Meta (Facebook and Instagram) in a new initiative called Tech Against Scams. Together, they aim to combat the Pig Butchering scam, which involves building fake online relationships to steal assets.
ByteDance’s AI Gains Traction
AI chatbot Doubao of the TikTok parent firm (ByteDance) has surpassed its competitor, Baidu’s Ernie Bot, in annual iOS downloads (9 million vs. 8 million). This milestone was achieved in less than nine months after the project’s launch.
Sony Takes Action Against AI Misuse of Music
Sony Music Entertainment, one of the world’s largest record companies representing popular bands like AC/DC and Nickelback, has issued warning letters to AI developers. According to the Financial Times, recipients include OpenAI, Microsoft, Google, Suno, and over 700 other startups.
Microsoft Offers Relocation to China-based Employees
Microsoft is offering to its China-based employees, especially AI specialists, to relocate to another country due to rising China-U.S. tech tensions. The main relocation options are the U.S., Ireland, Australia, or New Zealand.
New Stablecoins from MakerDAO: PureDai and NewStable
Rune Christensen, the founder of MakerDAO, has introduced PureDai, a new stablecoin, alongside the previously announced NewStable (a temporary name), and shared more details about both.
Two Brothers Arrested for Exploiting Ethereum Blockchain
Two brothers have been arrested for conducting an MEV exploit, illegally netting around $25 million in cryptocurrency.
FTX Executives Face Continued Legal Challenges
Attorneys for Ryan Salame, a former top executive of the bankrupt crypto exchange FTX, are seeking a sentence of no more than 18 months in prison. They assert that their client had no involvement in the fraudulent activities orchestrated by former CEO Sam Bankman-Fried.
Polymarket Attracts New Capital
Venture capital firm Founders Fund, co-founded by Peter Thiel, has invested in the cryptocurrency prediction market platform Polymarket, which allows users to place bets on various events, including U.S. presidential elections. The project has raised a total of $70 million, with even Vitalik Buterin joining in as one of the investors.
Are ETH Options Traders Betting on a Bullish June?
Data from Deribit shows a significant concentration of ETH call options (as of this writing) around a strike price of $6,500 for June.
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Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
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Zora Network Reviewed: A Testnet Guide
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.