The largest cryptocurrency by market capitalization was recently trading at around $27,350, down over 5.5% in the past 24 hours, according to CoinDesk data, as investors continued to mull over a surge in interest in the PEPE meme coin and Binance congestion issues that forced the exchange giant to temporarily suspend bitcoin withdrawals over the weekend. Original
Iflytek, a state-subsidized Chinese artificial intelligence (AI) company, recently announced the launch of “Spark Model,” an AI system designed to compete directly with OpenAI’s ChatGPT. The launch took place at a tech event in HeiFei called “Spark Desk,” and featured a full demonstration of the new system’s capabilities. .#China‘s leading intelligent speech and artificial intelligence (AI) company iFLYTEK launched its generative language model on Saturday. The company said it will keep updating it to a version better than the rival ChatGPT by Oct.. pic.twitter.com/zjSrPbAXKy — Beijing Daily (@DailyBeijing) May 8,…
FSMA had “informed the public prosecutor of irregularities noted in regard to the former management” while assessing the company’s application under money-laundering rules, the statement said, adding that the company had been “forced to modify all its governance structures” as a result of the regulator’s findings. Source
Kim Nam-kuk, a member of South Korea’s National Assembly, reportedly liquidated more than $4 million worth of crypto prior to lawmakers in the country enforcing the Financial Action Task Force’s ‘Travel Rule’. According to a May 8 report from The Korea Times, authorities with Korea Financial Intelligence Unit are investigating Kim for trading roughly 6 billion won — $4.5 million — in crypto assets before South Korea introduced the Travel Rule in March 2022. The lawmaker reportedly said he did not cash out the assets but rather transferred them to…
In 2023, meme coins have maintained their popularity, and the recent surge of PEPE demonstrates that investors remain enthusiastic about meme-centered tokens. A fresh study from Coingecko reveals that a significant portion of meme coin fascination originates from the United States, India, and the U.K., encompassing over half of the top ten countries’ interest driving the meme coin phenomenon. Report Unveils Global Meme Coin Fever On May 3, 2023, crypto market aggregator coingecko.com unveiled a report detailing the leading ten countries propelling the meme token trend. As of this writing,…
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“After a month away, we’re happy to announce that the Paxful marketplace is back online,” the company wrote. “In early April, we faced a difficult decision to temporarily suspend the marketplace to protect all of our customers and Paxful’s future.” Original
After a turbulent month for the crypto industry in March, Bitcoin’s (BTC) price went sideways in April despite some volatility. The meteoric rise of memecoins, such as PEPE, made headlines, and First Republic, another mid-sized United States bank, went under. However, on the basis of current market sentiment is a standoff between markets and policymakers: While the U.S. Securities and Exchange Commission Chairman Jerome Powell publicly states that interest rates are unlikely to come down this year, the markets for risk-on assets like crypto have firmly priced in a pivot in…
On May 6, the total reward in MEV revenue was at 549.05 ETH and 2,457.73 ETH in gas fees, for a total of 3,006.78 ETH (worth $5.6 million at current prices). On Nov. 9, at the height of the FTX collapse, MEV revenue was at 2,505.69 ETH while gas fees were at 1,423.99 ETH, for a total revenue of 3,929.68 ETH ($6.1 million). Source
The $500 billion-plus firm is involved in NovaWulf’s offer for Celsius, according to a person familiar with the matter. Source