Day: April 11, 2023

G20 Proposes Global Framework against Crypto Risks

India’s Finance Minister insists that the only way to protect investors worldwide lies in putting concerted efforts into a global framework. The G20 is presently working on a global framework that will help member nations to deal with risks that may arise from their crypto-related dealings. To this end, the India-led presidency of the intergovernmental group has said that all nations must get on board with the idea of developing a global crypto policy, a local news report claims. According to India’s Finance Minister Nirmala Sitharaman, countries must come together…

XRP’s Four-Week Rally Was Led by Retail Investors: Kaiko

“Looking at buy and sell transactions on the two largest Korean exchanges, Upbit and Bithumb, market sell orders overwhelmingly outpace market buys for orders over 200k XRP (~$95k),” Kaiko’s analysts said in a weekly note published Monday. “In contrast, the buy/sell ratio was much more balanced for smaller orders.” Source

AI-Focused Cryptogpt Raises $10 Million in Series A Funding to Expand Into Asian Markets – Blockchain Bitcoin News

boss

A Layer two (L2) project, called Cryptogpt, which leverages ZK-rollup technology and artificial intelligence (AI), has announced that its team has raised $10 million in capital from a Series A funding round. The crypto and AI firm disclosed that the new funds would be used to expand into the largest Asian markets, and the company now has a valuation of $250 million. Cryptogpt Startup Raises $10 Million; Startup Now Has a $250 Million Post-Valuation Artificial intelligence (AI) has become a popular subject in 2023 as AI projects, such as Midjourney…

Chinese authorities to enforce security reviews for AI services

boss

Governments around the world are finding themselves face to face with questions on how to handle the swift rise of artificial intelligence (AI).  In China, local authorities announced that they plan to enforce a mandatory review of generative AI services prior to their public operation. According to a statement on the website of the Cyberspace Administration of China – China’s internet regulator – providers of AI services have a responsibility to make sure all content is accurate, respects intellectual property (IP) and does not discriminate or endanger security. Additionally, all…

Summer’s Price Rises After the Halving as Expected – Press release Bitcoin News

boss

press release PRESS RELEASE. The Seasonal Tokens economy has gone through its second change of season. Like bitcoin, the four tokens – Spring, Summer, Autumn and Winter – go through regular halvings of the supply from mining. Every nine months, the rate of production of one of the tokens is cut in half. On the 6th of March, the Summer halving took place. Summer went from being produced at the fastest rate of the four tokens, to the slowest. As the market adjusts to the lower rate of supply after…

BNB Greenfield hits testnet, decentralized storage coming to BNB Chain

boss

The BNB Chain ecosystem is set to integrate decentralized storage solutions after testing of its BNB Greenfield began on April 10.  BNB Greenfield is modeled to emulate conventional Web2 cloud storage solutions, providing fast and cost-effective data services in combination with enhanced ownership and integration for Web3 applications and services. The announcement of the testnet shared with Cointelegraph outlined initial features that will allow users and developers to begin using decentralized storage. Data permission can be moved cross-chain to the Binance Smart Chain (BSC), allowing data to be turned into…

Ripple to Work with Central Bank of Montenegro to Launch Its CBDC Project

Ripple said that the CBDC project will involve several stages such as identifying the practical application of the CBDC, simulating its circulation, as well as its use under controlled conditions. In an interesting development on Tuesday, April 11, blockchain startup Ripple joined hands with the Central Bank of Montenegro (CBCG) to build a pilot program for the launch of the country’s central bank digital currency (CBDC). So far, Montenegro has been using the Euro as its currency ever since its introduction in 2022. As part of their partnership, Ripple will…

Coinbase Senior Director Leaves Company to Start New Crypto Project

Vishal Gupta ends his two-and-a-half-year stint at Coinbase as the proceeds to undertake a new crypto project, said sources. There’s yet another major exit from a senior position at crypto exchange Coinbase. On Monday, April 10, Coinbase’s senior director of product management – Vishal Gupta – announced an exit from the company. Sources familiar with the matter said that the decision comes as Gupta is planning to work on a new crypto project. Although the details regarding the new project are unclear, Gupta plans to continue working in the crypto…