Artificial intelligence is already having a big impact on society, but it also has the potential to harm. Blockchain technology may help create safer, more effective AI systems. Source
Blockchain May Offer Answers for AI Challenges
Month: June 2023
Bankrupt Crypto Exchange FTX Recovers $7,000,000,000 in Liquid Assets With More To Come
A new report is revealing that beleaguered crypto trading platform FTX has so far recovered billions of dollars in assets. The report says that the bankrupt crypto exchange has recovered $7 billion and expects to claw back even more. According to the new report, the global FTX platform owes its clients about $8.7 billion. “Based on the Debtors’ ongoing analysis, as of the petition date, the FTX.com exchange owed customers approximately $8.7 billion. The vast majority of the deficit—over $6.4 billion—was in the form of fiat currency and stablecoin that…
Will Bitcoin ever trade below $27,000 again?
In the latest episode of The Market Report, analyst and writer Marcel Pechman analyzes some data to conclude whether Bitcoin (BTC) will ever trade at $27,000. Some analysts attribute Bitcoin’s recent 21.5% gains to BlackRock’s spot Bitcoin exchange-traded fund (ETF) filing, but other events might have also fueled the cryptocurrency gains. Pechman asserts that, following a period of enforcement actions by regulators against exchanges allegedly acting as unregistered securities brokers, the United States crypto regulatory environment has improved. More recently, the U.S. Securities and Exchange Commission has drawn opposition in…
Tether signs MOU with Georgia for bitcoin, web3, and P2P development
Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Tether has signed a memorandum of understanding (MOU) with the government of Georgia to foster crypto, web3, and peer-to-peer (P2P) technology development in the country. The stablecoin issuer will also work with local startups to develop blockchain-based solutions through collaboration. Tether forges alliances with Georgia Tether.to, the issuers of USDT, the world’s largest stablecoin, has signed a memorandum of understanding (MOU) with the Georgian government to accelerate the development and adoption of crypto, blockchain, and peer-to-peer…
Bitcoin, Other Digital Assets Surge Late in Q2 on Spot Bitcoin Euphoria
The spot bitcoin ETF filings by BlackRock and other financial services giants ensured bitcoin would finish Q2 in positive territory. Now the SEC’s decision on the applications will likely play a big role in digital asset prices for the remainder of the year. Original
Damus, Smartphone App With Bitcoin $BTC Functionality, to Stay on Apple App Store After ‘Zaps’ Tipping Spat
Bitcoin-friendly social media app Damus received approval to remain in the Apple App Store on Wednesday, after a two-week battle that started on June 13 when the tech giant threatened to eject it from the App Store for violating the company’s in-app purchase guidelines by allowing tips or “zaps” on content paid for with bitcoin (BTC) instead of Apple Pay. Source
Israeli authorities seize crypto from terror organizations, credit new technology
Israel has seized crypto wallets containing millions of dollars intended to fund terror, the country’s National Bureau for Counter Terrorist Financing announced June 28. Israeli Defense Minister Yoav Gallant credited collaboration among the Israeli defense and justice ministries, Israeli intelligence and new technology for the operation, according to local media. Speaking at a conference on June 27, Gallant said the operation concluded “a few days ago” and seized crypto that had been transferred to terrorist organization Hezbollah and the Iranian Quds Force. It was the largest seizure of cryptocurrency from those…
Gary Gensler Failed the U.S. Crypto Industry, and So Has Congress
Robinhood, eToro and other major brokers have began delisting tokens from some of the most prominent blockchain projects in the space. Many of those projects happen to use proof-of-stake (PoS) algorithms, which guarantee high levels of network security, but have been called into question by SEC Chair Gary Gensler. Source
CFTC issues $54M default judgment against trader in crypto fraud scheme
On June 28th, the Commodity Futures Trading Commission (CFTC) announced that Judge Naomi Reice Buchwald of the U.S. District Court for the Southern District of New York had issued a default judgment that granted a permanent injunction against Michael Ackerman, a resident of Alliance, Ohio. Today a federal court ordered an Ohio man to pay more than $50M for a fraudulent digital asset trading scheme. Learn more: https://t.co/z0WOqXIqih — CFTC (@CFTC) June 28, 2023 Ackerman is now subjected to a ban from participating in any trading activities within CFTC-regulated markets…
Binance’s Market Share Fell Further in June
The crypto exchange still remains the world’s largest by a significant proportion. Source