BRC-721E Unleashes Seamless NFT Migration
BRC-721E is a protocol that enables seamless migration of ERC-721 NFTs from the Ethereum network to Bitcoin. Unlike previous methods, there is no requirement to record the entire collection beforehand.
The Vatican Library Goes Web3
The Vatican archives have always piqued the curiosity of scholars due to the wealth of confidential materials they house. The Holy See’s officials have decided to embrace decentralization, making a portion of these collections accessible via Web3.
American Express Embraces AI Partnerships
American Express, a leading financial services provider, is set to enhance its AI capabilities through strategic partnerships, despite having conducted internal experiments with various machine learning-powered services.
ECB Official Panetta Casts Doubt on the Future of Digital Euro
Some members of the European Parliament and numerous public representatives increasingly question the necessity of implementing a digital euro across the European Union. Protests against the introduction of the Central Bank Digital Currency (CBDC) periodically occur in various European countries. ECB representatives also harbor certain doubts.
Hong Kong Police Rolls Out a New Metaverse Platform
As part of its ongoing crypto expansion, Hong Kong is taking strategic steps to prevent any negative fallout. This is underlined by the decision of the cybersecurity unit of the Hong Kong Police Force to establish a metaverse, designed to raise public awareness about new threats and opportunities connected with Web3 and virtual space.
WhiteBIT CEO: We’re on the Cusp of Widespread Blockchain Adoption
The end of May brought two large-scale events to the forefront of Ukraine’s crypto world — the precursor event to the ETHKyiv hackathon, DAYZERO, and the commencement of the “Cryptocurrency and Blockchain World” webinar series hosted by the national educational platform, “Diia. Digital Education”.
Crypto Mining Dodges 30% Tax in US Debt Ceiling Deal
As President Joe Biden and House Speaker Kevin McCarthy’s negotiated agreement on the US debt ceiling becomes public, one intriguing aspect of the deal seems to have effectively stifled certain tax proposals from the Biden administration, particularly the Digital Asset Mining Energy (DAME) excise tax.
Rise of AI Bots: When Artificial Intelligence Takes the Lead
A virtual city has been crafted by six Google and Stanford University enthusiasts, housing a group of 25 AI bots. Surprisingly, these bots exhibit human-like behavior, engaging in activities such as sleeping, preparing breakfast, working, and even interacting with one another.
POTUS Candidate DeSantis Back to Discussing CBDC
Ron DeSantis is having none of the Central Bank Digital Currency (CBDC). Should he win the 2024 election, he will ban CBDC not just in Florida but at the federal level, too.
Bhutan’s Crypto Investment Surprises the World
Bhutan, one of the world’s most isolated countries, has been actively investing millions of dollars in cryptocurrency, as indicated by court documents from BlockFi and Celsius.
Arthur Hayes: Armageddon Approaches
Arthur Hayes, renowned cryptocurrency figure and CEO of crypto investment fund Maelstrom, recently shared his insights on the future of Bitcoin. Speaking on the What Bitcoin Did podcast, Hayes predicted significant volatility ahead, triggered by the looming explosion resulting from the US banking crisis and skyrocketing national debt.
ChatGPT impersonated a lawyer
In a recent legal controversy, Steven Schwartz, an attorney from the prestigious New York law firm Levidow, Levidow & Oberman, faced criticism for utilizing ChatGPT for legal research in a lawsuit filed against Avianca Airlines by his client, Robert Mata.
NVIDIA Unveils Revolutionary AI Supercomputer
NVIDIA has introduced a groundbreaking addition to its lineup of AI supercomputers, the NVIDIA DGX GH200. This supercomputer is powered by the NVIDIA GH200 Grace Hopper Superchips and the NVIDIA NVLink Switch System.
Bali Cracks Down on Crypto Payments by Tourists
In an effort to enforce regulations, the Bali Provincial Government is set to clamp down on foreign tourists utilizing cryptocurrencies for transactions in establishments including hotels, restaurants, tourist attractions, and shopping centers.
Web3 Berlin: Europe’s Largest Web3 Conference Set for June
The foremost cryptocurrency event in Europe is set to unfold on June 10-11 in Berlin. What lies in store for attendees at this Crypto&NFT extravaganza?
Historic Accord Reached on U.S. Debt Ceiling Suspension
President Joe Biden and Republican Leader Kevin McCarthy have reportedly struck a preliminary accord to suspend the U.S. federal government’s towering $31.4 trillion debt ceiling. This potential deal came on Saturday evening, offering a glimpse of resolution to the protracted impasse.
The Banking Crisis Could Boost the US Crypto Market
The spring turmoil in the US banking system has led to an improved outlook for the crypto industry in the mid-to-long term. However, regulators are pushing crypto projects into the financial shadows.
From Prohibition to Promotion: China’s Capital Embraces Web3
In an effort to foster the development and innovation of the web3 industry, China’s capital, Beijing, has unveiled a comprehensive white paper. As reported by The Paper, a local news agency, the document, termed the “Web3 Innovation and Development White Paper (2023),” emphasizes the significance of web3 technology as an “unavoidable direction for the advancement of future internet industries.
Tornado Cash Attack: Governance Restoration Proposal Passed
Last week, the TORN token witnessed an impressive surge of nearly 10%. This unexpected rise follows a groundbreaking proposal from the attacker’s wallet address, which had previously compromised the DAO’s governance. The proposal aims to reverse the malicious actions and restore integrity to the system.
Formula 1 Embraces NFTs for Monaco Grand Prix
Platinium Group, the leading ticket issuer for Formula 1, is venturing into new territory by introducing NFT race tickets. Collaborating with blockchain infrastructure company Elemint and Web3 agency Bary, they are leveraging Ethereum sidechain Polygon to mint these unique digital tickets.
Ripple Labs Stands Strong, Refuses to Back Down
Kylie Kim, the lead defense attorney for Ripple Labs Inc. in their lawsuit against the SEC, has filed a motion to withdraw from the case. This move has induced a slight panic within the Ripple community and even instigated rumors that the lawsuit could be lost. However, the situation isn’t as dire as it seems.
Wallet War: Trezor Triumphs as Ledger Faces Backlash
Hardware wallet provider Trezor has reported a 900% surge in sales week-on-week, following the controversial seed recovery feature introduced by rival company, Ledger. Trezor CEO Matěj Žák emphasised the firm’s commitment to user privacy and secure storage of seed phrases, stating that remote seed phrase extraction is impossible due to the open-source nature of their operations.
Stably Unveils BRC-20 Stablecoin
Crypto startup Stably has unveiled Stably USD, a dollar-backed stablecoin aimed at transforming trading within Bitcoin’s thriving on-chain economy. The company asserts that its stablecoin offers a more cost-effective and efficient trading experience compared to fiat or Bitcoin itself.
Europe Eyeing Stricter Rules for DeFi
The European Systemic Risk Board (ESRB), the EU’s financial stability authority, has voiced concerns that the rapidly expanding digital asset and decentralized finance (DeFi) sectors could pose a systemic threat to the economy. This warning has led to suggestions that further regulations may be needed to oversee major crypto conglomerates and smart contracts.
Secure Your Ukraine-Malta Match Tickets with WhiteBIT!
As the official crypto partner of the Ukraine national football team, WhiteBIT is thrilled to offer fans a golden opportunity to secure their tickets for the Ukraine-Malta match ahead of everyone else. The ticket presale for this highly anticipated event starts today!
Opinion
MORE
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
MORE
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.