The End of the Bull Run?
According to Coinglass, in the last 24 hours, over $529 million worth of traders’ positions were liquidated. The majority were betting on growth, but things didn’t turn out as expected.
SEC Chair Gensler Eyes AI’s Financial Promise
In a recent publication, SEC Chairman Gary Gensler recognized the potential benefits of artificial intelligence (AI) in the financial sector but cautioned that not every company claiming to use AI is doing so, despite their assertive statements.
Standard Chartered Bets Big on Bitcoin
Standard Chartered has raised its Bitcoin price forecast, now expecting it to hit $150,000 in the short term and escalate to $200,000 within two years. The anticipated surge is primarily attributed to a potential influx of investments into American spot Bitcoin ETFs.
Apple Eyes Google Gemini for Integration
Apple is considering the integration of Google’s generative AI, Gemini, into its existing iPhones as early as this year. The initial talks between the two technological powerhouses have kicked off recently, and they have yet to finalize the details and nuances of the deal.
Vanguard Maintains Its Stand Against Bitcoin ETF Integration
Despite considerable trading activity and appeals from some prominent clients, Vanguard, the asset management company, persists in its refusal to add Bitcoin ETFs to its investment product lineup.
PancakeSwap V4 Unveiled
The decentralized exchange landscape is set for a major upgrade with the official announcement of PancakeSwap V4. This latest version of the protocol introduces a series of enhancements, drawing inspiration from the strides made by Uniswap V4.
Crypto Enterprises Dive into the US Electoral Race
Cryptocurrency magnates are tapping into their vast resources to sway the upcoming US government towards a more crypto-friendly direction.
Hackers Breach NFPrompt Platform
Unknown hackers have compromised NFPrompt, a platform that facilitates the creation of Web3 content with artificial intelligence. They managed to steal funds from the project’s treasury and ecosystem fund. However, according to the developers’ statement, the remaining assets, including user tokens, are completely secure at this time.
SEC Continues to Crack Down on Fraudsters from CryptoFX
The U.S. Securities and Exchange Commission (SEC) has charged an additional 17 managers connected to the cryptocurrency platform CryptoFX, accusing them of orchestrating a $300 million Ponzi scheme. This action comes 18 months after the SEC banned CryptoFX’s operations and accused its founders of fraud.
FTX Preferred Shares Attract Risk-Takers Amid Bankruptcy
A handful of bold investors are seeking to acquire preferred shares of the defunct crypto exchange FTX, drawn by the rising value of assets held for compensation despite almost nonexistent prospects for payouts. Preferred creditors rank at the very bottom of the payout hierarchy in bankruptcy proceedings.
Monad Debuts on Devnet
Monad’s blockchain has entered the Devnet phase, promising an unparalleled 10,000 TPS (transactions per second) per block—quintupling Tron’s performance metrics. Its full compatibility with Ethereum, according to the developers, is achieved through an innovative Ethereum Virtual Machine (EVM) designed for parallel processing.
Worldcoin’s Software Passes Security Audit with Flying Colors
Trail of Bits, a cybersecurity company, has announced that the software behind Worldcoin’s Orb device, which scans users’ irises, is devoid of any exploitable flaws that could accelerate the project’s progression unduly.
TikTok on the Verge of a Possible US Ban
The US House of Representatives has voted in favor of the Act to Protect Americans from Applications Controlled by Foreign Adversaries.
BNB Chain Rolls Out BEP 336 and a New L2 Service on BSC
BNB Chain has unveiled an array of BEP 336 updates, drawing inspiration from Ethereum’s EIP 4844 (Dencun), a topic we explored in a dedicated article.
India Sets Its Sights on Competing with the Crypto Industry
Madhabi Puri Buch, the Chairperson of the Securities and Exchange Board of India (SEBI), has underscored the urgency of adopting instant settlement processes for the nation’s regulated markets to keep pace with the fast-evolving cryptocurrency sector.
The US Emerges as the Front-Runner in AI Cryptocurrency Interest
Web traffic analysis reveals that the United States, the United Kingdom, and Turkey are at the forefront of countries showing keen interest in the integration of artificial intelligence with cryptocurrencies, with the United States alone contributing to 18.9% of this fascination. These findings were highlighted in the latest report by CoinGecko, which identified the top fifteen countries engaging with this trend.
NFTs Won’t Affect Copyright Laws
Analysts from the U.S. Copyright Office (USCO) and the United States Patent and Trademark Office (USPTO) suggest that existing U.S. copyright laws don’t require adjustments to regulate the non-fungible token (NFT) industry. Instead, they recommend focusing on education and enhancing transparency within NFT products.
Finance Giants Pilot Canton Network
Financial powerhouses including Goldman Sachs, BNY Mellon, Paxos, and others have concluded their testing phase of the blockchain Canton Network, engineered by Bluechip Digital Asset. The initiative brought together 15 asset management companies, 13 banks, four depositary institutions, and three exchanges in its pilot phase.
Tether Steps Up Again to Assist the US
Tether, the issuer of the USDT stablecoin, has again provided assistance to US law enforcement by helping to recover about 1.4 million USDT stolen by fraudsters masquerading as technical support. Tether has announced that all recovered funds will be returned to the victims and that the company will maintain its voluntary cooperation with government authorities.
Poland to Authorize Crypto Account Freezing Powers
Poland’s financial watchdog, the Komisja Nadzoru Finansowego (KNF), is poised to gain the authority to temporarily freeze cryptocurrency account holders’ assets.
The US Contemplates Reintroducing a Tax on Miners
The Biden administration has reiterated its proposal to implement a 30% excise tax on electricity used by miners, targeting the 2025 fiscal year’s budget. This move mirrors a similar proposal from last year, which ultimately was not adopted.
Iconic Game MapleStory Set for Launch on Avalanche Subnet
The Nexon Group, a publisher from South Korea, is gearing up for the revival of the legendary MMORPG MapleStory, first introduced in 2003.
Shift in Analysts’ Predictions for Ethereum Spot ETF
Eric Balchunas, the Senior ETF analyst at Bloomberg, has scaled back his optimism regarding the approval of a spot Ethereum ETF, now assessing the chances at 35% by the May deadline. He emphasizes, however, that approval remains a possibility, especially looking ahead to the longer term.
Zac Prince Bids Farewell to the Crypto Industry
Zac Prince, the mind behind the crypto lending platform BlockFi, has decided to leave the crypto world behind to focus on the real estate sector, applying his vast expertise to more traditional business ventures. He, however, plans to return to the crypto space eventually with a new company designed to withstand market fluctuations better.
Unibot on Solana No Longer Holds Official Status
The Unibot Telegram bot for cryptocurrency trading has terminated its partnership with the Unibot on Solana developers, urging them to adopt a new name and to remunerate the community that has supported them for an extended period. According to the Unibot team, this decision was made in the interest of security.
Opinion
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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.
Investigation
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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.