Day: April 20, 2023

US House Republicans to Push Bill to Increase Debt Ceiling for Government

The United States has experienced a very concerning financial crisis in the banking sector this year. The United States House Republicans are notably pushing a Bill that will help ease President Joe Biden’s worry about the current status of the Debt Ceiling. As reported by Bloomberg, the proposal will explore two options which will either include increasing the limit by $1.5 trillion or to suspend it until March 31, 2024. As a Democrat-led White House, the good gesture as is being spearheaded by House Speaker Kevin McCarthy will not come…

Alexey Pertsev, Developer of Sanctioned Privacy Protocol, Can Be Released Pending Trial: Dutch Court

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…

Radix Token XRD Price Doubles in a Month to Become Best-Performing Top 100 Cryptocurrency

XRD has rallied by 176% to $0.114, with the price reaching a 12-month high of $0.15 at one point, Messari data show. The rally has lifted the cryptocurrency’s market capitalization to $1.16 billion, making it the 46th largest coin in the market. In four weeks, market leaders bitcoin (BTC) and ether (ETH) have gained 2.6% and 8.2%, respectively, while the total crypto market capitalization has increased 5% to $1.18 trillion. Source BestPerformingCryptoCurrencyDoublesMonthPriceRadixTokenTopXRD CryptoX Portal

Sotheby’s to Host Auction of NFTs from Failed Hedge Fund 3AC Collection

The total value of NFTs held by Three Arrows Capital (3AC) is $2.4 million. The Grails NFT collection includes NFTs from some popular Web3 projects as well as from some of the most notable artists. On Wednesday, April 19, the popular London-based auction house Sotheby’s announced that it will facilitate the sale of the “Grails” NFT collection, originally owned by the now-defunct hedge fund Three Arrows Capital (3AC) as well as its NFT-collecting fund Starry Night Capital. 3AC Collection of NFTs Also, the auction house stated that the multi-part series…

Ethereum gas fee jumped due to memecoin frenzy with mixed comments on network usability

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Ethereum network’s gas fee skyrocketed to a new multi-month high amid a growing memecoin frenzy. The high transaction fee has swelled Ethereum’s daily revenue multifold compared to Bitcoin (BTC). While Ethereum proponents celebrated the growth in revenue, many others were quick to point out the growing congestion on the network and the difficulty in processing transactions. There was an unusual shift in the top 10 gas-burning altcoins where instead of ETH (ETH), WETH, and USDT (USDT), memecoins such as TROLL, APEDand BOBO were among the top 10 spenders. ⛽️ A…

The European Parliament Has Voted for the EU’s Landmark MiCA Regulation and Anti-Money Laundering Transfer of Funds Rules

The Markets in Crypto Assets regulation was first proposed by the European Commission in 2020, and to pass into law has to be approved by the parliament and the EU’s Council, which represents the bloc’s member states. Its main provisions start to apply just over 12 months after publication in the EU’s official journal, likely in June. Source

African Blockchain Business Funding Rose 429% in 2022 — Report – Blockchain Bitcoin News

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In 2022, African blockchain businesses raised a total of $474 million, a 429% increase from what was raised in the year earlier, the latest CVVC African blockchain funding report has revealed. The custody and exchanges category raised over $250 million, which is equivalent to more than 50% of funds raised by blockchain companies. South Africa and Seychelles Accounted for More Than 80% of Funds Raised According to the latest CVVC Africa Blockchain funding report, blockchain businesses from the continent raised $474 million in 2022, a year-on-year funding increase of 429%.…

Midjourney, other AI devs strike back in court, claiming their material is not similar to artists

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Midjourney, Stability AI and DeviantArt issued a response on April 18 to a group of artists who accused them of extensive copyright infringement. The artists claimed that these companies had used their work in generative artificial intelligence (AI) systems without proper authorization. The companies filed their motions in a San Francisco federal court seeking the dismissal of the proposed class action lawsuit brought by the artists. They contended that the AI-generated images were dissimilar to the artists’ work and that the lawsuit lacked specific information about the allegedly misused photos.…

Crypto exchange Bitget seals Lithuanian crypto registration

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Cryptocurrency trading platform Bitget has officially registered as a service provider in Lithuania, allowing the Seychelles-based firm to operate in the European country. An announcement from the exchange notes that it has met compliance standards with regional laws and regulations in the Baltic state. The country is identified as an emerging digital asset market in Europe and a haven for cryptocurrency and blockchain projects. A recent report from Bloomberg notes that the country saw a fivefold increase in cryptocurrency company registrations through 2022 as companies looked to secure registrations in…

Crypto Exchange Bitget Expands into Lithuanian Market

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Crypto derivatives and copy trading platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space,…