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OpenAI CEO highlights South Korean chips sector for AI growth, willing to invest
10.6.2023
Altman confirmed ongoing discussions with chipmaking companies like Samsung Electronics and expressed his willingness to further engage in the dialogue
EU’s Banking Regulator Highlights AML Risks in Privacy Coins, Self-Hosted Wallets
31.5.2023
The European Banking Authority wants to extend money laundering guidance to crypto firms and banks that trade with them
EU Securities Watchdog ESMA Warns of Unregulated Crypto, Gold Investment Offerings
28.5.2023
The European Securities and Markets Authority (ESMA) has issued a warning regarding investments in assets like cryptocurrencies. They will remain unregulated in most countries until the EU’s Markets in Crypto Assets (MiCA) law is enforced across the Union, the regulator pointed out. ESMA Highlights...
WEF White Paper on Crypto Asset Regulation Highlights Need for Regulation
26.5.2023
The World Economic Forum, in collaboration with its Digital Currency Governance Consortium, has released a paper on regulating crypto assets.
The international organization published the paper, titled "Pathways to Crypto-Asset Regulation: A Global Approach," on Thursday, stressing the urgency...
Open Games Unveils Luke Goss as Ambassador for Europe’s Leading Gaming, Art, and Blockchain Event
26.5.2023
PRESS RELEASE. Zaragoza – Open Games is thrilled to announce the appointment of Luke Goss as the Ambassador for Europe’s most prestigious gaming, art, and blockchain event. This four-day extravaganza, Open Game Con, set to take place in Zaragoza, promises to be a unique celebration that...
Putin Rejects Russian Economic Collapse Predictions — Highlights Active BRICS, SCO Cooperation
26.5.2023
Russian President Vladimir Putin says Russia is actively cooperating with major international organizations, including the BRICS group, the Shanghai Cooperation Organization (SCO), the Association of Southeast Asian Nations (ASEAN), the Gulf Cooperation Council (GCC), and multilateral organizations...
Charles Hoskinson of Cardano Highlights Open-Source Software and Security in Response to Ledger Controversy
23.5.2023
Cardano is one of the popular smart contract networks reputed for high transaction speeds and scalability.
The founder of Cardano, Charles Hoskinson, had claimed the network’s transaction speed to be quite outstanding and that Ethereum lags behind it despite the Merge.
However, the network...
Pentagon Bomb Hoax Highlights Power of Artificial Intelligence - What Could It Mean For Crypto?
23.5.2023
A fake photo of an explosion at the Pentagon has gone viral on social media platforms, highlighting the power of artificial intelligence.
On Monday, an AI-generated image that showed smoke billowing from the iconic building sent shock waves across social media platforms, even prompting...
U.S. Hearing Highlights Stablecoin Rift in Competing House Bills
18.5.2023
U.S. lawmakers aren’t yet able to reach across the chasm between Republicans and Democrats’ very different ideas for how to oversee stablecoins, despite notes of hope from both sides evident in a Thursday hearing of the House Financial Services Committee’s digital assets panel
Investors Seek Refuge in Cash as Recession Fears Mount, BOFA Survey Reveals
18.5.2023
Investors, plagued by mounting pessimism, have sought refuge in cash, according to a recent survey conducted by Bank of America. The survey highlights a notable 5.6% increase in cash reserves during May, as apprehensive investors brace themselves for a potential credit crunch and a recession....
US Dollar’s Importance Declining in International Transactions and as Reserve Currency, Economist Says
17.5.2023
A Canadian economist and professor at the University of British Columbia says the role of the U.S. dollar in international trade and as a reserve currency has been declining. “Other currencies have been getting more important in international transactions and as reserve currencies,” he stressed....
Ethereum Network Fees Surge 153% in 30 Days, While Arbitrum Daily Transactions Outpace ETH Following Shapella Upgrade
1.5.2023
Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 days, onchain fees have soared by over 153%, from a prior rate of $4.65 per transfer to a current average of $11.80 per transaction. The data highlights...
Bitcoin on-chain data highlights the steps BTC is taking to exit the bear market
17.4.2023
A fresh report from Glassnode suggests that Bitcoin has built a solid foundation below the $30,000 level
Forbes 2023 billionaires list highlights crypto influencers, TMS Network outranks Fantom & Conflux
14.4.2023
Forbes released their list of the world’s billionaires for 2023, with Binance’s Changpeng Zhao leading the crypto billionaires list. Not all crypto billionaires are captains of industry; the Winklevoss twins made a list through Bitcoin’s appreciation. Fantom (FTM) and Conflux...
Mastercard Launches NFTs to Support Emerging Musicians Through Web3 Technologies
14.4.2023
According to Mastercard, the payments giant has launched non-fungible tokens (NFTs) that grant access to the Mastercard Artist Accelerator program, designed to support emerging musicians. Developed in collaboration with Polygon, the NFT project highlights Mastercard’s intent to embrace Web3...
Dutch Financial Regulator Vows Strict Treatment of Crypto Business Under MiCA
19.3.2023
The financial regulatory body of the Netherlands intends to maintain tough attitude towards the Dutch digital assets sector despite looser European rules. The head of the agency overseeing the industry doesn’t think crypto is good news and highlights its flaws in an article. Head of Dutch Financial...
Michael Burry Compares Current Banking Turmoil to Panic of 1907 — Highlights Markets Bottoming
15.3.2023
Michael Burry, a hedge fund manager renowned for predicting the 2008 financial crisis, has drawn parallels between the current banking turmoil and the Panic of 1907. He noted that three weeks after J.P. Morgan made a stand, the panic was resolved and the markets bottomed. “A stand was made...
First Mover Asia: Silicon Valley Bank Failure Highlights Small Banks’ Vulnerability; Bitcoin Soars Past $22.5K
13.3.2023
Since September 2021, the growth in cash assets in small bank balance sheets has turned negative
Silicon Valley Bank Failure Highlights Dangers of Fractional-Reserve Banking
12.3.2023
After the failure of Silicon Valley Bank (SVB), a great deal of Americans are starting to realize the dangers of fractional-reserve banking. Reports show that SVB suffered a significant bank run after customers attempted to withdraw $42 billion from the bank on Thursday. The following is a look...
Bitcoin Proponents Slam Nobel Laureate Paul Krugman After Venmo Payment Issue
9.3.2023
Nobel Prize winner Paul Krugman complained on Twitter Wednesday that he was experiencing issues with the centralized payment processor Venmo. His tweet was followed by a barrage of bitcoin supporters who insisted that Krugman was now realizing the importance of censorship-resistant payment systems....