The cryptocurrency market experienced a dull month with Bitcoin (BTC) dropping 7.37%, its worst performance since November 2022 and Ethereum (ETH) losing 0.22% in May. The average loss across the market stands at 5.62% on the last day before the monthly close. However, some outliers posted impressive gains thanks to popular investment narratives and the …
Swiss nonprofit Anoma Foundation has secured a significant funding boost to continue the development and research of its third-generation blockchain architecture. A third fundraising round secured $25 million for the organization, which is building what it describes as a generalized intent-centric blockchain architecture. The technology is touted to enable the development of completely decentralized applications …
Blockchain firm raises $25M to develop third-generation architecture Read More »
The Chinese government continues to crack down on the cryptocurrency industry with a new investigation targeting a major Chinese yuan stablecoin issuer. Employees of Trust Reserve — the issuer of the Chinese yuan-pegged stablecoin CNH Coin (CNHC) — have been detained by Chinese police, the local blockchain publication PANews reported on May 31. According to …
CNHC stablecoin issuer detained by Chinese police: Report Read More »
Investors pile into the US tech sector, sending the NASDAQ 100 index higher Bitcoin’s rally should continue on the back of the bullish tech sector A divergence with the NASDAQ 100 index shows more upside potential for Bitcoin Tech sector investors are in a frenzy, as they piled into tech companies in a rush not …
Ben.eth, the pseudo-anonymous memecoin creator behind at least three controversial token launches in recent weeks, could fall under the crosshair of United States regulators, crypto lawyers suggest. A previously little-known personality in the crypto community, Ben.eth has seen his Twitter following blow up nearly five-fold in May. The influencer has launched at least three memecoins …
Could Ben.eth’s PSYOP tokens face legal scrutiny? It depends, say lawyers Read More »
Nvidia’s march to $1 trillion market cap has been helped by the AI boom. The company joins Apple, Microsoft, Alphabet, Amazon and Saudi Aramco in this exclusive club. Crypto AI tokens like Render, SingularityNET, Fetch.ai and Akash Network have also surged amid the AI hype. Nvidia Corp (NVDA) joined an elite club of U.S. companies …
Nvidia’s $1 trillion valuation drives interest in crypto AI Read More »
Each year at the annual UN Climate Change Conference (COP), individual countries are pressured to ramp up their emissions reductions promises and showcase evidence they are taking steps to meet them. With Bitcoin mining blamed for using as much power as an entire country, and politicians searching for easy targets to strike, the industry appears …
Bitcoin is on a collision course with ‘Net Zero’ promises – Cointelegraph Magazine Read More »
Binance’s Changpeng “CZ” Zhao says that purchasing a bank would not be a solution to the crypto debanking issue. He cites the regulatory environment and need for a network of banking providers as key hurdles. Binance Australia was recently forced to halt AUD deposits amid a banking provider’s decision to stop the service. Binance CEO …
Binance CEO says buying a bank doesnt solve crypto’s issue Read More »
Bybit has been in the process of expanding its service offerings. Bybit received “in-principle” approval from the Astana International Financial Centre to begin operations in Kazakhstan. The exchange will begin operating as a digital asset trading facility and as a custody services provider in the country. Bybit has announced that it has received an “in-principle” …
Bybit gets “in-principle” approval to begin operations in Kazakhstan Read More »
