Yuan stablecoin team arrested, WeChat’s new Bitcoin prices, HK crypto rules: Asia Express
Chinese RMB stablecoin issuer’s Shanghai office reportedly deserted after police raid, and WeChat offers Bitcoin prices — but for how long?RMB stablecoin team allegedly arrested On May 31, local news outlet PANewsLab ...
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Standard Chartered, PwC make case for programmable CBDC in China Greater Bay Area
With 11 megalopolises and three currencies, Guangdong, Hong Kong and Macao make up a region that is ripe for CBDC research.British multinational bank Standard Chartered and PwC China have teamed up to pr...
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Uniswap DAO rejects plan to charge LP fees; UNI holders cite tax concerns
The proposal would have allowed Uniswap’s governing body to receive a percentage of the fees that currently go to liquidity providers.A proposal to enable protocol fees for the Uniswap decentralized ex...
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Fed board issues order to Silvergate Bank as part of self-liquidation plan
Silvergate Capital Corporation and its crypto-friendly bank will have 10 days to submit a self-liquidation plan in compliance with California and federal requirements.The Federal Reserve Board of the Uni...
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Money stored on mobile payment apps may not be FDIC insured, US watchdog warns
Deposits on mobile payment apps may not be insured by the FDIC, and customers may not know whether their money is insured or not.Keep your money in an insured account, not on an uninsured payment app, t...
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Scientists propose quantum proof-of-work consensus for blockchain
Boson sampling was once considered a problem looking for a solution. Now, it might be the bridge that brings quantum computing to the blockchain.A team of researchers from universities in Australia and t...
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Don't be surprised if AI tries to sabotage your crypto
My own exchange, Bitget, tried using AI to respond to customer inquiries — and the results reminded us that AI tools come with perils.As the world of ...
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Mysten Labs’ Sui network partners with F1 Red Bull racing team
The Red Bull team signed a $150 million sponsorship deal with crypto exchange Bybit in 2022 ahead of the market crash and major bankruptcies in the space.The Sui network, backed by Mysten Labs, has anno...
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Bitcoin price slips under $27K, but data shows BTC whales counter trading DXY strength
The U.S. Dollar Index is encroaching on new year-to-date highs, but Bitcoin whale activity suggests this may be a dead cat bounce.As the summer season arrives, an unexpected heatwave is gripping financia...
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What will Binance Australia services look like after debanking?
Binance suspended fiat on- and off-ramps by bank transfers in Australia, as well as trading for Australian dollar (AUD) pairs.Binance users in Australia now have a narrowed pool of options to purchase cr...
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Hong Kong-based First Digital Group launches redeemable USD-backed stablecoin
The Hong Kong trust company says the new FDUSD combines the stability of the U.S. dollar with the reliability of Asian regulation.First Digital Group, a Hong Kong-based qualified custodian and trust com...
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Dogecoin investors accuse Elon Musk of insider trading in amended class-action lawsuit
“This is a securities fraud class action arising from a deliberate course of carnival barking market manipulation and insider trading,” said the amended complaint.A group of Dogecoin (...
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Circle to launch ‘official version’ of USDC natively on Arbitrum
USDC stablecoin developer Circle will replace the current version of its token with one running natively on the Arbitrum network.Circle recently announced plans for a June 8 launch of a new native versi...
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Why is Litecoin price up today?
Litecoin price is up today, as the growth in unique addresses throughout the month of May, continues into June.Litecoin (LTC) emerged as one of the...
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11 things the United States can learn from other nations’ crypto regulations
The United States doesn’t have to start from scratch when it comes to developing effective laws and guidelines for crypto.While the U.S. has long been known as a center of innovation and new technology...
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ChatGPT can’t beat human smart contract auditors yet: OpenZeppelin’s Ethernaut challenges
While ChatGPT-4 can’t compete with human auditors yet, OpenZeppelin noted it was not optimized to do so, and AI models trained for this purpose would likely be more accurate.While generative artificial...
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Georgian central bank to launch AML probe into crypto firms
The National Bank of Georgia will launch mandatory supervision of virtual asset service providers starting from Sept. 1, 2023.Georgia, a major cryptocurrency-friendly country among post-Soviet states, is...
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Increasing number of divorce proceedings involve crypto
Lawyers say they are seeing an increasing number of divorce settlements featuring digital assets.Most crypto investors probably aren’t thinking about divorce or what will happen to their digital asset...
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BitCulture: Fine art on Solana, AI music, podcast + book reviews
Universal’s U-turn on AI music won’t please Ice Cube, former MOMA curator collects fine art on Solana, Edge of NFT podcast + Crypto Titans.BitCulture explores arts, culture, music and media in blockchain and Web3.Fine art on th...
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Italian senator provokes parliament with AI-generated speech
A senator in Italy utilized OpenAI’s GPT-4 to generate a speech during a parliamentary meeting to spark a “serious debate” about the technology.An Italian senator spoke before members of the Italia...
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Jimbos Protocol offers $800K bounty to the public after hacker ignores deal
The Jimbos Protocol team extended the bounty offer to the public, inviting anyone who can help catch the exploiter or recover the funds to claim the reward....
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Does the US have a crypto ‘tax loophole’ problem?
The Biden administration wanted to nix a “special tax subsidy for cryptocurrency,” but it wasn’t in the May 28 debt ceiling bill. Another narrow escape?The crypto sector appears to have dodged anot...
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Memecoins the next catalyst for crypto adoption — DappRadar analyst
Sara Gherghelas, a blockchain research analyst at DappRadar, explains how the lower barrier of entry associated with memecoins may have sparked the adoption of the crypto asset class.In episode 22 of ...
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Tether (USDT) market cap breaks ATH, Binance CEO points at regulatory caps
At a time when USDT is touching new market cap highs, other stablecoins are struggling to keep their market share.The Tether (USDT) stablecoin h...
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Last BTC price dip before a $30K breakout? Bitcoin wipes weekend gains
A limp monthly close ends with Bitcoin closing its weekend futures gap, but BTC price action continues to disappoint.Bitcoin (BTC) returned to a key ...
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Here’s how OpenAI plans to cleanse ChatGPT of false information
OpenAI aims to reduce AI hallucinations in ChatGPT by enhancing math skills, as process supervision shows promise in improving accuracy.On May 31, OpenAI announced its efforts to enhance ChatGPT’s math...
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‘Not just Bitcoin price’ — Dan Tapiero shares tips on navigating the bear market
Veteran trader Dan Tapiero said the most important thing for traders is to make rational judgments that aren’t impacted by people’s fears.While many beginners base their trades on the negativity brou...
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5 ChatGPT chrome extensions to enhance productivity
ChatGPT browser extensions offer features such as text generation, writing assistance and research support, enabling users to boost their productivity and streamline their workflow.To increase productiv...
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Crypto.com joins ranks of licensed payment institutions in Singapore
Singapore’s Crypto.com expands its regulatory achievements by securing a license for digital payment token services.The Singapore-based ...
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Germany’s Deutsche Telekom plugs in as Polygon validator
The German telecommunications firm looks to leverage its infrastructure in Web3, plugging in as a network validator for Ethereum scaling protocol Polygon.One of Europe’s largest telecommunications comp...
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