Day: April 6, 2023

Australia’s ASIC Revokes Binance Exchange’s Crypto Derivatives License

In its bid to ensure all consumers are adequately protected from any form of market disadvantage, ASIC has consistently warned residents of the dangers associated with dealing in highly speculative assets like crypto. The Australian Securities and Investments Commission (ASIC) has revoked the license granted to crypto outfit Binance Exchange through its local subsidiary Oztures Trading Pty Ltd to operate as a derivatives broker. According to a press release from the regulator, the revocation was prompted upon request by Binance itself and is billed to take effect immediately. According to…

Chinese state insurance firm launches two crypto funds in Hong Kong: Report

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The Chinese government appears to be more bullish on the cryptocurrency industry than one might think, as a major state company is reportedly launching new cryptocurrency funds. CPIC Investment Management, a subsidiary of China Pacific Insurance (CPI), is launching two crypto funds in partnership with the investment firm Waterdrip Capital, the local tech-focused news agency 36Kr reported on April 3. Owned by the central government of China, the Shanghai municipal government and China Securities Finance, CPI is the second largest property insurance company in mainland China after the People’s Insurance…

Coinbase Institutional Assesses Ethereum & Bitcoin Price Development Ahead of Shapella Upgrade

In a podcast, the Coinbase Institutional team delved into bullish and bearish scenarios for Ethereum and Bitcoin as ‘Shapella’ approaches.  Ahead of the Ethereum Shapella Upgrade, Coinbase Institutional weighed in on the mainnet upgrade’s potential impact on Ether and Bitcoin (BTC). In a YouTube podcast, the team provided insight into whether April 12th’s much-anticipated upgrade would further spur the ongoing crypto rally. The Coinbase Institutional team also discussed the bear market scenario for Ethereum and Bitcoin post-Shapella. According to Coinbase Institutional, BTC purchases dominated the digital currency landscape – especially in the year’s first quarter.…

FTX philanthropic donations have created a complex dilemma for recipients

The collapse of the FTX exchange and its subsidiaries in November 2022 also led to the shutdown of its philanthropic arm, FTX Future Fund. The philanthropic arm had pledged $1 billion in donations in 2022 towards research academics across prestigious universities. However, the team behind the project resigned right after FTX filed for bankruptcy on Nov. 11, 2022. Many scholars and researchers who were early recipients of the grant are now stuck in limbo over payment of further grants for their programs. According to a report published by Reuters, many Ph.D.…

Debunking Crypto Myths With Binance! The Myth of Crypto Being Mainly Used by Criminals – Sponsored Bitcoin News

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sponsored The world of cryptocurrencies and blockchain has exploded in recent years. However, a lack of understanding surrounding this technology has led to a number of false beliefs and misconceptions, causing many people to approach digital assets with unwarranted suspicion and uncertainty. To combat this, Binance has made it part of its mission to provide accessible Web3 education to everyone and work to enhance crypto comprehension. Through these efforts, Binance aims to debunk common misconceptions and promote greater crypto literacy. Their goal is to clear up confusion and help improve…

Media Outlets Push for Access to Non-US Customer Information in FTX Cryptocurrency Exchange Bankruptcy Case

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Several conventional media outlets seek to uncover the personal information of non-U.S. customers of the cryptocurrency FTX exchange, similar to the events that took place during the Celsius bankruptcy case, as stated by our sources. In an official filing on April 4th with the Delaware Bankruptcy Bloomberg Court, The New York Times, The Financial Times, and parent company Dow Jones & Company collectively objected to withholding FTX customers’ identities. According to their argument, the public and the press hold a “presumptive right” to access bankruptcy filings. FTX and its clients,…

Man Discovers Bitcoin Whitepaper Safely Kept in Apple’s System Files

It remains unknown what purpose Nakamoto’s whitepaper serves in these products. The original Bitcoin whitepaper has just been discovered hidden in Apple’s system files. Apparently, the whitepaper can be seen in every Apple machine that runs on the macOS Catalina or newer versions of the operating system. This is according to a recent discovery that was made by a technologist simply identified as Andy Baio. Location of Bitcoin Whitepaper on Apple macOS Revealed Revealing what he found in a Wednesday blog post, Baio claims that the file – named “simpledoc.pdf,”…

India Targeting One Million CBDC Users in Three Months, Prioritizing Offline Transfers: Sources

India’s digital rupee was the subject of great interest at a recent meeting of the Group of 20 (G-20) hosted by India in Bengaluru, said RBI Governor Shaktikanta Das in a media conference on Thursday. “In fact, an eminent person from the international financial sector went to the extent of complementing the design of our CBDC, adding that the only thing he missed in the CBDC was the smell of new currency.” Source

Users reveal bitcoin white paper is part of macOS

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According to a recent blog post by Andy Baio, a PDF file of Satoshi Nakamoto’s bitcoin whitepaper is reportedly concealed in every current macOS edition released since Mojave in 2018.  As Baio attempted to repair his printer, he accidentally found the file. He discovered that it existed in every macOS version, starting with Mojave (10.14.0) and going up to the most recent version, Ventura (13.3). It was not available in High Sierra (10.13) or prior versions. Including the whitepaper in macOS has prompted speculation regarding the document’s relevance and inquiries about whether…

Google Says Its New AI Supercomputer Is Faster and More Efficient than Nvidia Systems 

Google researchers have published a paper saying that its new TPU v4 supercomputer is better than the A100 used by giant chipmaker Nvidia. Google has published information about one of its supercomputers powered by artificial intelligence (AI). According to the tech giant,  the Google AI supercomputer boasts more speed and efficiency than systems developed and used by Nvidia. This announcement may be quite the game changer as Nvidia’s market share of AI model training and deployment is over 90%. Google is no stranger to AI, as the company has powered…