Day: May 6, 2023

Coinbase’s Q1 revenue jumps 22% to $736m from Q4

Crypto exchange Coinbase has reported a significant reduction in net loss during the first quarter of 2023, as robust earnings from retail investor trading activity helped boost revenues. Coinbase significantly reduced its net loss in Q1 2023, dropping from $557 million in the previous quarter to $79 million. This was partly due to robust earnings from retail investor trading activity, which helped increase revenue by 22% to $736 million. The results surpassed analysts’ expectations, leading to a 9% rise in Coinbase’s share price during after-hours trading. Coinbase’s share price |…

How ChatGPT can help with personal finance management

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Managing personal finances can be a challenge for many people. With so many financial products, services and investment options available, knowing where to start or how to make informed decisions can be difficult. Fortunately, ChatGPT can help. As an artificial intelligence (AI)-powered chatbot, ChatGPT can offer personalized advice on various financial topics, including budgeting, investing, debt management and retirement planning. By analyzing your financial situation and goals, ChatGPT can provide customized recommendations and insights to help you make informed decisions about your money. 4/ Budgeting & Financial Planning: Struggling with…

Voyager Digital Provides Update on Reimbursement Plan for Creditors – Bitcoin News

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Following Binance’s withdrawal from the Voyager Digital deal on April 25, the now-defunct crypto lender has recently informed creditors that they can expect to receive their initial cash and crypto distributions “within the next few weeks.” This update comes nine days after Binance’s decision to back away from the deal. Voyager Digital Expects Initial Distributions to Creditors ‘Within the Next Few Weeks’ Voyager Digital has published an update for creditors. According to a tweet from the firm on May 4, 2023, they may be able to expect some cash or…

El Salvador enacts game-changing tech legislation

President of El Salvador signs the Innovation and Technology Manufacturing Incentives Act, eliminating all taxes on technology innovations, software and app programming, AI, and computer and communications hardware manufacturing, in a bid to transform the nation into a global technology hub. A game-changing new legislation has just been signed into law in El Salvador. President Bukele announced earlier today via Twitter that he has signed the Innovation and Technology Manufacturing Incentives Act, a groundbreaking law to boost the country’s technology sector. This new legislation will eliminate all taxes on technology…

US DoJ reportedly investigating Binance for violating sanctions against Russia

Binance is reportedly under investigation by the United States Depart of Justice (DoJ) Department’s national security division over suspicions of illegally allowing Russians to evade sanctions and move money through the exchange.  Binance accused of breaching Russian sanctions According to five sources who wish to remain anonymous, the investigation aims to unveil whether Binance or any of its officials violated sanctions relating to Russia’s invasion of Ukraine. One of the individuals also mentioned that the probe is proceeding concurrently with an ongoing criminal division inquiry. JUST IN: 🇺🇸 US Justice…

How to check an Ethereum transaction

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A transaction on the Ethereum blockchain is technically initiated by an external account owner (not a contract). For example, if User A sends 1 Ether (ETH) to User B, the action of debiting from one account and crediting to another changes the blockchain’s state. The change specifically takes place on the Ethereum Virtual Machine (EVM). Ethereum transactions need to be broadcast to the entire network, and any node can broadcast a request for the execution of a transaction on the EVM. After broadcasting the request, a validator can then execute…

US-Based Bitcoin Focused Startup Fedi Raises $17 Million in Series A Funding Round – Africa Bitcoin News

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Fedi, the U.S.-based fintech which is led by the Nigerian bitcoin advocate Obi Nwosu, said on May 3 that it recently raised $17 million in a Series A funding round. The company said it will use the funds to help it launch what it called the “world’s first federated operating system.” Obi Nwosu said the Fedi Alpha version, which is targeted at the builder community, is set to be rolled out later in May. ‘Protecting User Privacy and Autonomy’ The United States-based fintech and bitcoin-focused company Fedi announced on May…

Super Testnet finds a zero-value bug in the Ordinals program

Super Testnet has discovered a bug in the Bitcoin Ordinals program, with zero input and output values, and debugging it will likely affect all inscriptions after it.  Super Testnet, a bitcoin-focused independent freelance software developer, found a bug in the Ordinals program on May 5. The program’s inscription No. 349272 had zero value in output and input but could be programmed into a number. The bug founder said it could be debugged by upgrading the system, affecting all inscriptions after 3492721. I released a tool for increasing the off-by-one error…

Cardano deploys the first Hydra Head, 3 years after proof-of-concept

Cardano, a smart contracting platform, has deployed the Hydra Head on the mainnet, marking a significant achievement three years after the proof-of-concept was introduced in 2020. This development is crucial to Cardano’s ongoing efforts to enhance transaction processing capabilities for decentralized applications (dapps) in the current Basho stage. Hydra Head is the first of a series of layer-2 protocols designed to bolster the platform’s scalability and adaptability for various use cases, prioritizing swift and cost-effective transactions. It is particularly important as Cardano gradually improves its mainnet to handle enterprise-level, high-throughput dapps. Hydra…

SEC issues record whistleblower award of $279M

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The U.S. Securities and Exchange Commission (SEC) has issued its largest-ever whistleblower award totaling $279 million. The SEC generally issues awards ranging between 10% to 30% of collected monetary sanctions that are larger than $1 million. To receive such an award, the whistleblower needs to have provided information that directly assists the SEC in successfully imposing enforcement actions on a particular case. In a May 5 statement, the SEC noted that the $279 million awarded to the unnamed whistleblower was more than double the previous record of $114 million from…