Month: May 2023

Bitcoin Frogs outpaces Bored Apes as the most popular NFT

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In the last 24 hours, Bitcoin Frogs has surpassed Bored Apes as the most exchanged collection of non-fungible tokens (NFTs).  This achievement represents a significant step forwards for the developing Ordinals market. The collection has produced $2m worth of trading activity thanks to its roughly 700 individual transactions. Top 10 NFT sales snap | Source: CryptoSlam According to the statistics provided by CryptoSlam, the well-known Bored Ape Yacht Club, which now holds the distinction of having…

Ripple to demonstrate tokenization in HKMA e-HKD pilot program using new CBDC platform

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Ripple will participate in the Hong Kong Monetary Authority’s (HKMA’s) digital Hong Kong dollar (e-HKD) central bank digital currency (CBDC) pilot program by showcasing a real estate asset tokenization solution. The company will reveal its new CBDC platform at the same time.  Ripple will partner with Taiwan’s Fubon Bank and others to demonstrate equity release with tokenized assets using a retail version of the e-HKD CBDC. Equity release, also known as a reverse mortgage, is the practice of a lender letting a homeowner access the equity in their home, with…

G-7 Countries Must Effectively Implement Travel Rule to End ‘Lawless’ Crypto Space, FATF Chief Says

“Around the globe, countries have made progress in implementing most of the standards; however, progress on implementing FATF’s updated requirements on crypto assets has been relatively poor,” Kumar said, adding that 73% of countries are still “non-compliant or only partially compliant” with the watchdog’s standards. Source ChiefCountriesCryptoEffectivelyFATFImplementLawlessruleSpaceTravel CryptoX Portal

Bitcoin trader predicts end of dip within weeks as BTC price adds 3.5%

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Bitcoin (BTC) held a snap rebound on May 18 as analysts hoped that further upside would come next. BTC/USD 1-hour candle chart on Bitstamp. Source: TradingView BTC price sustains knee-jerk move higher Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it circled $27,400 on Bitstamp. The pair had made swift gains toward the prior day’s Wall Street open, these topping out at 3.5% versus the day’s lows. Amid changing signals on exchange order books, popular trader Skew was hopeful for continuation. “Price swept the pre-emptive swing low, which…

U.S. Bitcoin Corp to Host 150K Bitcoin (BTC) Miners

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The three bitcoin mines are in Kearny, Nebraska, as well as Granbury and Upton County, Texas. Energy investment firm Generate Capital bought Compute North’s stake in two of the sites, one in Nebraska and one in Texas, whereas the Upton County facility is owned and operated in a 50-50 joint venture with NextEra Energy (NEE). Original

Microsoft CEO Satya Nadella Discusses AI Concerns, Stresses People Remain Integral to Development

In an interview, Nadella said AI is “scary” but “moving fast in the right direction”. He maintains all parties must unite to make it work. Microsoft (NASDAQ: MSFT) chief executive officer Satya Nadella recently discussed AI and its impact on jobs and education. In a media session aired Tuesday, the Microsoft CEO revealed his primary concern around the technology. Nadella said AI is so scary that maximizing its inherent opportunities while mitigating potential danger will directly require effort from “the entire society”. He also added that despite the technology’s rapid development,…

Crypto.com Adds New Tokens to Its Wallet Service and Launches AI Assistant

By using the ChatGPT-based AI assistant, people can get answers to their questions about Crypto.com’s suite of products and services. Crypto.com, a leading cryptocurrency exchange, has recently announced some exciting updates to its platform. Crypto.com has added support for three new tokens to its fiat-to-crypto on-ramp service, which is part of its DeFi Wallet. Moreover, the exchange has also launched a virtual assistant based on the GPT API to help customers with their queries. New Tokens Supported by Crypto.com Pay According to the update, users will now be able to…

Grayscale and Bitwise distance themselves from Ether futures ETF plans

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Two prominent crypto asset managers — Grayscale Investments and Bitwise Asset Management — have halted their Ether (ETH) futures exchange-traded fund (ETF) plans amid growing scrutiny from United States regulators. On May 17, Grayscale filed an amendment to its Securities and Exchange Commission (SEC) filing to remove mentions of an Ether futures ETF. The amendment comes less than a week after sharing plans to launch a trio of ETF products. The other two flagship products include a semi-spot Bitcoin (BTC) ETF that would invest in the spot BTC market, and a…