Day: March 30, 2023

Axie Infinity’s Ronin Blockchain Overhauls Tech, Expands to New Game Studios a Year After $625M Hack

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Blockchain and regulated stablecoins to be widely used by 2030, industry execs say

Regulated stablecoins are currently in the spotlight of policymakers as a panel of professionals in the digital regulatory space unpacks their predictions on the use of regulated stablecoins in the future at the World of Web (WOW) Summit in Hong Kong.  In the panel titled “Digital Assets: Policies & the Road Ahead,” the group discussed how regulated stablecoins would most likely remain in use by 2030 and how the current growth rate of the stablecoin helps to ensure this. While recognizing the growth of the crypto industry, Alexandra Sasha, the…

INTC Shares Up 7% as Intel Tells Investors to Expect New Products Earlier than Planned

Intel was working on developing the Intel Developer Cloud with 256 Xeon chips and 512 Gaudi chips for AI. Upon completion, AI developers will be able to use the technology to train and run new models. Shares of semiconductor corporation Intel Corporation (NASDAQ: INTC) began to pop amid the company’s Investor Day event on announcements of incoming sooner-than-expected products. Intel shares surged, closing up 7.61% to $21.52. Before the investor event, Intel Data Center and AI Group head Sandra Rivera discussed product releases. Notably, the company experienced some delays with…

Chatgpt More Useful Than Crypto, Nvidia Tech Chief Says – Mining Bitcoin News

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Unlike AI applications such as Chatgpt, cryptocurrencies do not bring “anything useful,” a top executive of U.S. chip maker Nvidia is convinced. The comment comes despite his company making significant sales in the space where its powerful processors are widely used to mint digital coins. Developing Chatbots More Worthwhile Than Crypto Mining, Nvidia Exec Claims Cryptocurrencies do not “bring anything useful for society,” according to a high-ranking representative of Nvidia, the leading manufacturer of graphics processing units (GPUs). The executive expressed this opinion despite his company selling quantities of video…

Japan’s Finance Ministry to Explore Digital Yen Feasibility: Report

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Latin American E-Commerce Giant Mercado Libre Enables Crypto Trading in Chile

The minimum amount to start trading BTC and ETH in Chile is 50 Chilean pesos (equivalent to about 6 cents). The service is provided by Mercado Libre in partnership with Latin American crypto company Ripio. Mercado Libre Inc (NASDAQ: MELI), the largest e-commerce company in Latin America with a market cap of $61.56 billion, has announced expanding its crypto trading services to Chile. As Mercado Libre President Osvaldo Gimenez stated in a LinkedIn post, users in Chile can now buy, sell and save Bitcoin (BTC) and Ethereum (ETH) from the Mercado Pago wallet app.…

FDIC Plans to Return $4B in Signature Bank’s Crypto Deposits by Next Week

Starting next week on April 5, Signature Bank will return $4 billion in deposits linked to crypto businesses since they aren’t a part of the NYCB deal. Amid the fallout of the Silicon Valley Bank earlier this month, US regulators moved to shut down another crypto-friendly bank Signature. In the latest development, Martin Gruenberg, chair of the United States Federal Deposit Insurance Corporation, said that the agency is planning to return $4 billion in deposits linked to Signature Bank’s digital assets banking businesses. FDIC plans to return these funds as…

Aquis Exchange Ends FY22 with 24% Revenue Rise

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Aquis Exchange (LON: AQX) reported net revenue of £20.1 million in the fiscal year 2022, which is a yearly jump of 24 percent, in its latest audited results published on Thursday. It closed the year with a 27 percent jump in pre-tax profits at £4.5 million. According to the official numbers, the exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize…