Bitfinex’s parent company, iFinex, has announced plans to buy back $150 million worth of shares from users who were given these shares as compensation for the 2016 hack on the Bitfinex crypto exchange. The buyback offer comes as a result of the exchange’s positive performance in recent years. In the aftermath of the hack, Bitfinex […]
Coinbase, one of the largest cryptocurrency exchanges in the US, is facing a legal battle over its status as an unregistered exchange. The Securities and Exchange Commission (SEC) has taken action against Coinbase, which is seen as a crucial moment for the future of the crypto industry. Critics argue that the SEC is enforcing regulations […]
The XRP community has been buzzing with speculation about the Swiss central bank potentially using XRP as a settlement token. This speculation arose after Switzerland announced at a conference that live transactions with a Central Bank Digital Currency (CBDC) would take place by the end of the year. However, it has been revealed that this […]
A Brazilian congressional committee has released a report recommending indictments against Binance CEO Changpeng Zhao (CZ) and other executives for unauthorized financial activities. The report accuses them of offering unauthorized securities training and improper management practices. The committee, led by congressional deputy Ricardo Silva, also calls for further investigation into Binance’s affairs, focusing on the […]
Sergey Nazarov, co-founder of blockchain oracle Chainlink, believes that people will eventually understand and appreciate the decentralized computing platform his team is building. In an interview, Nazarov emphasized the importance of developing a secure and reliable system that can handle large transaction values. He clarified that blockchain and oracle networks are different, with oracle networks […]
The International Monetary Fund (IMF) has raised concerns about high inflation rates and has urged central banks worldwide to maintain tight monetary policies until inflation is reduced. The IMF has revised its global inflation forecast for 2024 to 5.8%, higher than the previous estimate of 5.2%. The fund predicts that inflation will continue to surpass […]
American banking giant JP Morgan has launched its in-house blockchain collateralization platform, called Tokenized Collateral Network (TCN). The platform allows investors to use assets as collateral by transferring ownership through blockchain technology. TCN recently settled its first trade for asset management giant BlackRock, converting shares of a money market fund into digital tokens. The use […]
The U.K. Parliament’s Culture, Media, and Sport Committee has expressed concerns about non-fungible tokens (NFTs) and fan tokens in a recent report. The committee warns that NFTs pose a risk of copyright infringement and highlights the lack of significant benefits from these digital assets. The report also raises concerns about the impact of NFTs on […]
Online Blockchain Plc and ElevenLabs have formed a partnership to enhance the capabilities of voice Artificial Intelligence (AI). Online Blockchain’s AI assistant, Synthia, will utilize ElevenLabs’ text-to-speech models to generate natural and high-quality dialogue. This collaboration aims to eliminate robotic and high latency speech, making Synthia nearly indistinguishable from a real-life assistant. Additionally, Online Blockchain […]
The EDGE Summit, the world’s largest AI & Web3 investment summit, recently concluded in Hong Kong with strong support from the government. Over 5,000 participants from various countries attended the event, which featured more than 150 sessions covering a wide range of topics. The opening speeches emphasized Hong Kong’s commitment to developing the digital economy […]
