Singapore, Singapore, April 3rd, 2024, Chainwire Bitlayer Labs, the first Bitcoin Layer 2 solution based on BitVM, announced a seed round of $5M led by Framework Ventures and ABCDE Capital, participation by StarkWare, OKX Ventures, Alliance DAO, UTXO Management, Asymmetric Capital and many more. The announcement comes as Bitlayer prepares the launch of its open-incentive…
The use of “ai-enhanced” video evidence in a well-known triple murder prosecution has been banned by a court in a historic decision made in King County, Washington. In particular, the area of visual data processing is one area where the ruling by Judge Leroy McCullough highlights the limitations of ai technology. The misuse of ai…
A powerful cry was released against what they saw as an infringement on human creation by over 200 notable people, including Stevie Wonder, Billie Eilish, and the estates of legendary musicians like Frank Sinatra and Bob Marley. The music industry was significantly impacted by this decision. A turning point in the continuing conversation about the…
In a rather striking and sensational act that has captivated the financial and crypto saga, Hester Peirce, a Commissioner with the crypto-guidance/” target=”_blank” rel=”noopener”>SEC, criticized the agency in relation to crypto regulation. During the event, SEC Speaks, which was organized by the Practicing Law Institute, Peirce was insubordinate in her skepticism towards SAB 121, which…
The cryptocurrency community just watched one of its brightest stars plummet from the sky. Sam Bankman-Fried, once hailed as a crypto wunderkind, has been sentenced to 25 years behind bars, alongside forfeiting over $11 billion. Now, let’s pump the brakes for a minute. Was everyone too quick to jump on the hate train? Before we…
Celestia is making strides to the Arbitrum ecosystem. Celestia has introduced Blobstream. Now Blostream is set to change customizable chains, known as Orbit chains. These chains can be either Layer 2, settling directly to Ethereum, or Layer 3, settling to Arbitrum’s Layer 2, Arbitrum One. Simplified Data Availability Now what Blobstream does is uses Celestia’s technology…
The dramatic change has become dominant as GoldenTree Asset Management, a literary firm based in the world, recently has put up on sale its cryptocurrency subsidiary, GoldenChain. Another company by the name of Republic is the consumer. This step is like an important shift for GoldenTree which did not involve in the investing of crypto…
Bitcoin registered a slight price decline to trade below $67,000 on Tuesday morning, erasing gains from the previous week. According to bitcoin” rel=”nofollow noopener” target=”_blank”>data from CoinGecko, the asset is presently trading at $66,139, registering a loss of 4.6% on the day and 6% on the week. Bitcoin registers a significant decline in value The…
Argentina, government has introduced mandatory registration requirements for crypto firms. The Comisión Nacional de Valores (CNV), Argentina’s securities regulatory authority, announced that virtual asset service providers must comply with the new regulations designed to enhance the country’s Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) framework. This move aligns with the recommendations from…
Decentralized Finance (DeFi) protocol Wormhole has announced that the much anticipated launch of its W governance token will take place on Wednesday. With the launch imminent, crypto exchanges are making efforts to list the token after its airdrop claim opens up to eligible users. Wormhole prepares for its token launch Wormhole previously shared the details…
Solana-based memecoin Bobaoppa has become the subject of discussion in the crypto market after its recent price actions. Launched by Taiwanese music sensation Jeffrey Huang (also known as Machi Big Brother), the memecoin has been making waves since its $49 million presale. The token’s price recently experienced a volatile movement, leaving its holders with mixed…
The finance industry just got a bit more interesting, and if you’re anything like me—someone who just loves knowing what is up the us-be-affected-when-brics-ditch-dollar/” data-type=”post” data-id=”504791″ target=”_blank” rel=”noopener”>U.S. economy at all times—you’re going to want to pay attention. Treasury yields have decided to take a little hike, reaching levels we haven’t seen in the past…
The Bank of Russia has released its latest report showing the activities of Russian nationals in the crypto market in 2023. According to the business/953185″ rel=”nofollow noopener” target=”_blank”>report, the bank noted that transactions in excess of $51 billion (4.7 trillion rubles) were carried out on the exchanges. The report also found that most of the…
In an age where big digital marketing strategies are frequently flooded by the same mix of buzzwords and indulging rhetoric, Ava Labs, the team owning the Avalanche blockchain, took a divergent path to outshine the whole of the gamers worldwide. At the heart of their strategy is a bold, tongue-in-cheek declaration: Being GDC where game…
Goldman Sachs, one of the major Wall Street banks, remains skeptical about cryptocurrency, as it claims that digital assets are not an investment class. This perspective was even more finance/currencies/bitcoin–price-goldman-01189443″ target=”_blank” rel=”noreferrer noopener nofollow”>clearly substantiated by Sharmin Mossavar-Rahmani, the Chief Investment Officer of the bank’s Wealth Management unit, in a recent interview with the Wall…
Innovative solutions leveraging artificial intelligence (creativity-using-gemini-ai/” target=”_blank” rel=”noopener”>ai) are reshaping the landscape of credit assessment. Ivan Perić, the head of global artificial intelligence R&D at Synechron, advocates for adopting smarter credit assessment models capable of parsing vast volumes of data in real-time. Perić’s insights shed light on the evolving dynamics within the financial services sector…
Ghanaian singer Mr Drew has stirred up a frenzy on social media with his recent transformation, leaving fans and critics buzzing with speculation. On April 1, 2024, the Dayana hitmaker surprised everyone by debuting a striking new look, complete with a full head of hair and a sharp haircut, departing from his signature bald appearance….
If you’re wondering whether Xi Jinping is on a mission to mimic America’s economic headaches, you’re not alone. The Chinese President has thrown a curveball into the global finance with a strategy that smells oddly familiar to what’s been cooking in the U.S. treasury and the Federal Reserve’s kitchen for years. Jinping’s latest musings have…
America is on the edge of a financial cliff, and the music’s about to stop. Imagine this: a giant weighing scale where on one side, we have the us-be-affected-when-brics-ditch-dollar/” data-type=”post” data-id=”504791″ target=”_blank” rel=”noopener”>U.S. economy, buzzing with life, dreams, and burgers. On the other, a colossal heap of debt that’s about to tip the balance. The…
dYdX, a decentralized exchange, after the community referendum with over 90% support, has announced its decision to operate from the Cayman Islands partially. However, this move is targeted to reduce the probable legal risks because the United States security regulators have been concentrating on decentralized finance (DeFi) protocols. Despite dYdX not having any operations within…
