To neglect building on the Bitcoin protocol would be to forsake key applications for the network that have the potential to make the internet, and the world at large, a better place, Lolli co-founder Alex Adelman, writes. Source
In a daring display of support for the decentralized digital currency, bitcoin (BTC) proponents recently projected the bitcoin logo and the phrase “study bitcoin” on the European Central Bank (ECB) building in Frankfurt. The apparent goal of this provocative campaign is to encourage people to learn more about cryptocurrency and its potential benefits. The pseudonymous organizer behind the event, who goes by the moniker “Bitman,” provided a list of materials needed for anyone interested in replicating the demonstration. This move exemplifies the crypto community’s commitment to spreading awareness and promoting…
Besides the complaint filed by the Center for AI and Digital Policy that may stir the probe of OpenAI, there is a number of other targeted efforts to stifle the development of AI systems across the board. OpenAI, the fast-growing Artificial Intelligence (AI) startup behind the popular platform, ChatGPT may be welcoming a probe from the Federal Trade Commission (FTC) for the violation of section five of the FTC Act that targets deceptive and unfair practices. The probe might be triggered following a formal complaint filed by the Center for…
Milkomeda is working on a new feature that would allow Cardano users to use any EVM contract directly from any Cardano wallet. The Cardano blockchain has been recently working its way to becoming the top EVM chain in the crypto space. Milkomeda co-founder Sebastien Guillemot recently announced that the development can happen as early as next month. This is because Milkomeda is introducing a new feature that would allow Cardano users to use any EVM contract directly from any Cardano wallet, and all within ADA. Thus, developer Guillemot added that…
FTX EU, a subsidiary of the bankrupt crypto exchange FTX, has launched a new website that allows customers to withdraw their fiat balances from the platform. According to reports, the ftxeurope.eu will only manage fiat balance claims, and no other services will be available. The recently launched website is registered with the Cyprus Securities and Exchange Commission (CySEC). FTX EU has regional headquarters in Cyprus and Switzerland. CySEC revoked the firm’s operating license in November 2022 following the broader collapse of FTX and Alameda Research. The suspension was due to…
Amid the ongoing uncertainty around the global banking turmoil, Binance’s United States-based arm Binance.US is halting some services. According to Binance.US status dashboard, the U.S. crypto exchange on March 31 disabled Binance USD (BUSD) stablecoin pairs via One Common Billing System, referred to as OCBS. The affected services include BUSD crypto deposits and withdrawals, or buying, selling and converting crypto options, the status notice says. Binance.US said that the firm is currently investigating the issue, noting that the services are “suspended temporarily.” Source: Binance.US status dashboard The OCBS and BUSD…
News of the operations halt, failed funding, and job cuts did not sit well with shareholders as Virgin Orbit saw its shares are down 50% after the announcement. Aircraft engineering company Virgin Orbit Holdings Inc (NASDAQ: VORB) has revealed plans to halt operations after failing to secure a funding lifeline as expected. The company’s CEO, Dan Hart, relayed the unfortunate news to employees on Thursday, adding that there would be a massive layoff. Before the move to halt operations, there were words on the street that Virgin Orbit was expecting…
On Thursday, embattled ex-FTX CEO SBF pled not guilty to the latest federal charges, which he also does not acknowledge. Disgraced former FTX CEO Sam Bankman-Fried (SBF) recently pled not guilty to five additional federal fraud and bribery charges. SBF appeared in a New York federal court on Thursday to plead not guilty to the latest charges related to FTX’s collapse. In a superseding indictment Tuesday, the Attorney’s Office for the Southern District of New York revealed the criminal charges. In its third round of charges against Bankman-Fried, the US Attorney’s Office alleged that…
As the events in the banking ecosystem riled the market, tech stocks that are generally known to power growth underperformed for the month. The United States (US) stock market is on a bullish run today as marked by the second consecutive day of gain by top indices as investors fear the worst of the bank run has passed. The Nasdaq Composite (INDEXNASDAQ: .IXIC) is leading the market momentum after inking a 0.73% growth, adding more than 87 points to close Thursday’s session at 12,013.47. The broader stock benchmark, the S&P…
The leading cryptocurrency by market value slipped by 1% to $27,546 during European hours having failed to keep gains above $29,000 on Thursday, CoinDesk data show. At 08:00 UTC, Deribit, the world’s largest crypto options exchange by trading volumes and open interest, settled bitcoin options worth over $4 billion. Source