To review, Worldcoin’s pitch is essentially twofold. At its core is The Orb, a device that scans the retinas of users, so they can later confirm their identity online. The Worldcoin token, in turn, is intended to be distributed as a form of “universal basic income” (UBI) and is currently being offered as an incentive for early eyeball-scan volunteers. Source
The NFT tickets will be minted via the Ethereum scaling layer two blockchain Polygon (MATIC). The sixth race of the 22-round season for the Formula One (F1) Grand Prix held in Monaco over the weekend has attracted the attention of crypto enthusiasts. Furthermore, as a country within the European market, which recently passed the Markets in Crypto-Assets Act (MiCA) legislative standards, it is bound to attract significantly higher crypto enthusiasts during the F1 event. As a result, Platinium Group, a global sports ticketing platform, has partnered with Elemint, a blockchain…
Nike’s .SWOOSH NFT drop was filled with missteps, while a Bitcoin NFT collection topped the charts and NFT lending is gaining momentum with Binance and Astaria entering the market. Source
The launch of the crypto exchange in Thailand comes at an opportune time, as the country continues to embrace digital innovation and blockchain technology. The world’s largest crypto exchange Binance has teamed up with Gulf Innova Co Ltd, a major technology firm in the Gulf area, to launch a new crypto exchange in Thailand. With the launch scheduled for the fourth quarter of 2023, this collaboration could shape the future of Thailand’s crypto landscape. Binance shared the announcement in a blog post, stating that its joint venture with Gulf Innova…
Lybra Finance was launched last month and uses liquid staking derivatives to offer an interesting-bearing stablecoin. Source
BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView Bitcoin shrugs off new U.S. inflation woes Data from Cointelegraph Markets Pro and TradingView showed BTC/USD nearing $27,000 on Bitstamp. The pair rose unexpectedly after the day’s Personal Consumption Expenditures (PCE) data showed its first rises since October 2022. Such a reading should present a headwind for risk assets, including crypto, as it implies that inflation remains persistent and that more financial tightening may be required to tame it. “This is a major setback to the Fed’s fight against inflation,” financial commentary…
Swedish fintech mainstay Klarna cut its Q1 net loss to $120.7 million while boosting operating income by 22% YoY. Klarna Bank AB significantly improved its Q1 bottom line after halving the net loss sustained for the period compared with last year. For the first quarter of the year, the Swedish fintech giant posted a net deficit of 1.3 billion Swedish krona ($120.7 million). This reverse is down 50% from Klarna’s year-ago outing as the company looks ahead toward profitability. In Q1 2022, the company sustained a loss of 2.6 billion krona.…
The European Securities and Markets Authority (ESMA) has recently urged cryptocurrency companies to explicitly label cryptocurrencies as unregulated when offered to investors, amid concerns about potential investor protection and financial risks. The European Securities and Markets Authority (ESMA), an EU regulatory body, recently spotlighted concerns about the risks present in the cryptocurrency sector. The ESMA along with the National Competent Authorities (NCAs), in a recent announcement, advocated that if a company presents cryptocurrencies to investors, it should explicitly indicate that these assets are unregulated. Intriguingly, such propositions are being promoted…
“By harnessing Binance’s expertise together with Gulf’s established local presence and network, Gulf Binance aims to showcase the full potential of blockchain technology to meet the needs of Thai users, Binance Head of Asia, Europe, and MENA Richard Teng said in a statement. Gulf Energy is one of Thailand’s largest private power producers. Source
The ongoing negotiations surrounding the US debt ceiling have been a key focal point for investors as the June 1 deadline approaches. The United States Treasury bond market experienced a decline in yields on Friday as investors eagerly await the release of key inflation data and updates on debt ceiling negotiations. According to reports, the yield on the 10-year Treasury fell by 3 basis points to 3.829%, while the 2-year Treasury yield dropped by nearly 6 basis points to 4.57%. It is important to note that yields and prices move…