The world’s first and most prominent cryptocurrency, Bitcoin (BTC), has experienced a significant decline, dipping below the $63,000 mark. This represents a loss of more than 15% since it reached an all-time high (ATH) of over $73,800. In just the past 24 hours, Bitcoin’s price has plunged by over 7%, marking a sharp reversal from…
In the ever-evolving landscape of payment networks, the integration of data analytics and artificial intelligence (ai) has emerged as a crucial front in the continuous fight against fraud. This technological advancement, known as “ai-Powered Fraud Detection,” has given payment providers the ability to take a proactive stance against first-party fraud instances, where consumers dispute legitimate…
Ether ETF Approval Prospects Dim as SEC Delays Decision Until Late May The United States Securities and Exchange Commission (SEC) has postponed its decision on the proposed rule change applications for Ether exchange-traded funds (ETFs) from Hashdex and ARK 21Shares. The SEC announced the decision on March 19, just before the “third deadline” set by…
Major Players in the Cryptocurrency Industry Call for Definitive Regulatory Guidelines from the US Securities and Exchange Commission Background: The Need for Regulatory Clarity in the Cryptocurrency Market In an attempt to address the regulatory ambiguity surrounding the cryptocurrency market, major players within the industry are urging the U.S. Securities and Exchange Commission (SEC) to…
In an Engaging and Significant Speech at the United Nations, Sambo Muritala, Special Adviser to Kwara State Governor on Legal Matters, Emphasized the Importance of Empowering Women Through artificial intelligence (ai) to Tackle Poverty and Ensure Food Security Empowering Women via ai: A Vital Approach to Address Poverty and Food Insecurity During the 68th Session…
During a recent episode of the Unchained Podcast, Kyle Davies, co-founder of the now-defunct cryptocurrency hedge fund Three Arrows Capital (3AC), displayed an unyielding and unrepentant attitude towards the billions in losses sustained by investors. Amidst criticism and legal implications, Davies remained steadfast in his position, expressing no regret or remorse for the collapse of…
SEC Extends Decision Timeline for Hashdex Nasdaq Ethereum ETF and ARK 21Shares Ethereum ETF Approval Until May 2024 The United States Securities and Exchange Commission (SEC) has announced an extension of the decision timeline for the approval of both the Hashdex Nasdaq Ethereum ETF and ARK 21Shares Ethereum ETF. The decision comes as a result…
San Francisco, California, March 20th, 2024: Saga, the First and Only layer-1 Web3 Game Publisher, Unveils New Game Publishing Division: Saga Origins At the cutting edge of layer-1 protocols and developer ecosystems in web3, Saga continues to push the boundaries of innovation with its latest announcement: Saga Origins, a new game publishing division dedicated to…
1inch Network Integrates Lumia: A New Source of Competitive Liquidity from Centralized Exchanges The decentralized finance (DeFi) ecosystem of the 1inch Network recently announced an important addition to its aggregation sources. On March 18, Lumia, a liquidity network, was introduced as a new partner to deepen on-chain liquidity and enhance pricing for 1inch users. Expanding…
Recent Market Trends and Analysis: A Comparative Study of Bitcoin (BTC) and Gold In the realm of financial markets, two assets have garnered significant attention in recent weeks: Bitcoin (BTC) and gold. Each asset has exhibited unique trends, captivating investors and analysts with distinct characteristics and potential opportunities. Let’s delve deeper into the current market…
BlackRock, the world’s largest asset manager, has announced the establishment of a new institutional-grade digital liquidity fund named BlackRock USD Institutional Digital Liquidity Fund (BUIDL). According to filings with the U.S. Securities and Exchange Commission (SEC), this fund will operate on the Ethereum blockchain and consist of tokenized assets. The inception of BUIDL marks a…
In the vibrant city of Raleigh, North Carolina, Mark Wittenburg, the Chief Information Officer (CIO), is spearheading groundbreaking initiatives to improve traffic management and safety using artificial intelligence (ai). In a collaborative effort with leading industry partners like Nvidia and Esri, Raleigh’s ambitious pilot project aims to deploy ai cameras and vision tools to analyze…
Smartling: Revolutionizing Translation Services through artificial intelligence Amidst the disruption in the global translation industry, Smartling has emerged as a pioneer, leading innovation through its groundbreaking implementation of artificial intelligence (ai) technology. In an era marked by declining trends in the translation sector, Smartling managed to achieve a remarkable 40% growth rate in 2023, and…
Genesis Global Capital Agrees to Settle SEC Dispute for $21 Million On March 19, 2024, the United States Securities and Exchange Commission (SEC) announced that Genesis Global Capital had agreed to pay a substantial civil penalty of $21 million to settle a legal dispute. The allegations stemmed from the Gemini Earn lending program, which the…
Amidst the fast-paced development of artificial intelligence (ai) and Machine Learning (ML), the National Institute of Standards and Technology (NIST) plays a pivotal role in monitoring the ai lifecycle for potential cybersecurity risks. With the increasing adoption of ai comes an escalating threat landscape, necessitating effective strategies to mitigate vulnerabilities and safeguard systems. Exploring Adversarial…
The cryptocurrency exchange OKX, which is based in the Seychelles, has recently announced that it will no longer support Tether (USDT) trading pairs within the contact Economic Area (EEA). This decision was communicated to users through a social media post by MartyParty, who reported that customer support confirmed the discontinuation of USDT trading pairs due…
Recent Developments: In an unprecedented move, Grayscale’s Bitcoin Trust (GBTC) witnessed its largest single-day outflow since its conversion to a spot Bitcoin exchange-traded fund (ETF) on January 11. On March 18, over $640 million worth of Bitcoin was withdrawn from the fund, representing a significant shift in investor sentiment amidst the broader cryptocurrency market downturn….
Amidst the tense anticipation surrounding the impending sentencing of Sam Bankman-Fried, founder of the now-defunct cryptocurrency exchange FTX, a multitude of victim impact statements have surfaced, illuminating the ripple effects of the exchange’s collapse in late 2022. The Department of Justice (DOJ) has compiled numerous statements from FTX creditors, revealing the financial and emotional toll…
A Milestone in Nigeria’s Crackdown on Cryptocurrency Financial Crimes: Court Orders Binance to Provide Detailed Information on Nigerian Users Background and the EFCC’s Proactive Approach In a major turn of events in Nigeria’s ongoing performance against financial crimes involving cryptocurrency, the Economic and Financial Crimes Commission (EFCC) has secured an interim court order mandating Binance,…
Mehen Finance, the innovative financial entity behind the USDM stablecoin on the Cardano blockchain, is preparing for a public retail rollout in April. This significant milestone comes after the stablecoin’s successful debut on the network on March 17, which is currently accessible only to institutional investors. In a recent interview with Cointelegraph, Matthew Plomin, founding…
