Day: July 23, 2023

Federal Reserve of San Francisco hiring crypto architect for CBDC project

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San Francisco’s Federal Reserve Bank is seeking a crypto architect for a central bank digital currency (CBDC) project, reveals an Indeed job posting. According to the role description, the employee will work on CBDC research and development. The position is full-time and hybrid, with an annual salary starting at $134,900, requiring candidates to have “knowledge of distributed systems implementation, cryptographic protocols such as hashing, public-private keypairs and signing, consensus algorithms, and security.” “Given the dollar’s significant role, the FRS seeks to further understand the cost and benefits of the potential technologies…

Binance reportedly accepting voluntary resignations

Binance is reportedly willing to accept voluntary terminations from employees. The offers, sent out recently according to Adam Cochran, a crypto influencer and analyst, allow employees to resign, sign a new non-disclosure agreement (NDA), and receive a severance package of three months’ salary. Binance is ready to accept voluntary resignations It’s unclear why Binance CEO Changpeng Zhao has implemented this option, but reports suggest that employees from different departments can opt for voluntary termination. It is said that those willing to accept these offers were required to leave immediately.  With the crypto…

Alphapo hot wallets hacked for over $31 million

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Crypto payment platform Alphapo had at least $31 million drained from its hot wallets on Ether (ETH), TRON (TRX), and Bitcoin (BTC), security experts reported on July 22. Since the number of Bitcoins stolen is uncertain, the figures may be even higher.  According to on-chain sleuth ZachXBT, the funds have been stolen on the Ethereum network, then swapped for ETH before being bridged to the Avalanche and Bitcoin blockchains. As per DeDotFi’s security team, the hack may have been caused by a leak of private keys. Investigations are still in…

Bitcoin’s dull price action ignites buying interest in LINK, FIL, SNX and THETA

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Bitcoin (BTC) is struggling to rise above the overhead resistance at $31,000 but a minor positive is that the bulls have not allowed the price to dive below the $29,500 support. This suggests that a catalyst may be needed for the price to break out from its range. On the macroeconomic front, the Federal Reserve’s meeting on July 25 and 26 is an important event to keep an eye on. The FedWatch Tool shows a 99.2% probability of a 25 basis point rate hike in the meeting. If that happens,…

Ripple CEO questions SEC’s crypto jurisdiction as Gensler requests more funding

Ripple CEO Brad Garlinghouse has criticized the United States Securities and Exchange Commission’s (SEC) regulation by enforcement approach, questioning the agency’s crypto jurisdiction. Meanwhile, Gary Gensler, the chair of the SEC, has asked Congress for more funding to increase the agency’s oversight of the unregulated cryptocurrency market. Funding, the commission said, is for them to execute their mandate of protecting investors and ensuring markets are fair and efficient. Garlinghouse blasts SEC’s “political power play”  Garlinghouse called out Gensler for what he perceives as inconsistent crypto regulation.  He also said that…

Arkansas counties rush to pass noise regulations for crypto miners

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Several counties in the U.S. state of Arkansas are rushing to pass emergency legislations allowing them to control noise and other activities related to crypto mining before a new state law comes into effect on August 1, according to local media reports.  The new state law brings crypto mining facilities under the same regulations applied to data centers, creating guidelines for miners and protecting them from discriminatory regulations and taxes. Residents of Arkansas, however, barely had time to discuss the new legislation, which was proposed, discussed in committees, and passed…

retailers accumulating Bitcoin, Ethereum, and InQubeta

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Investor behavior and market trends in the crypto industry can be better understood by analyzing on-chain data. Recent data suggests that retail investors are accumulating coins like Bitcoin and Ethereum while also exploring upcoming projects like InQubeta. In this article, we will delve into the features of InQubeta, why investors can consider adding it to their portfolio, and why examining the InQubeta presale can present an opportunity. The presale has already raised over $1,600,000. Unveiling InQubeta…

GPT: A Comprehensive Guide | Blockchain News

Introduction In the realm of artificial intelligence (AI), the Generative Pre-trained Transformer (GPT) has emerged as a game-changing language model. Developed by OpenAI, GPT has been instrumental in powering several natural language processing (NLP) applications, including the AI chatbot, ChatGPT. What is GPT? GPT, short for Generative Pre-trained Transformer, is a machine learning model that generates text. It is pre-trained on a vast amount of text data and then fine-tuned to perform specific tasks. The transformer-based architecture of GPT allows it to manage long-range dependencies in text, making it a…

Ripple effect? Stellar (XLM) is catching up to XRP price gains

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Stellar (XLM) is basking in the glow of Ripple’s partial win against the U.S. Securities and Exchange Commission (SEC), up around 60% since the court ruling on July 13. XRP fuels XLM price rally again XLM price has risen over 60% since July 13, when a federal judge ruled that the XRP sales on public exchanges did not break U.S. securities laws. Still, the token is down about 20% from its local peak of $0.195 and was changing hands for about $0.154 on July 23. XLM/USD daily price chart. Source:…

US SEC may appeal XRP ruling, Kuwait bans crypto as FTX saga unfolds| Weekly recap

This week, the United States Securities and Exchange Commission (SEC) hinted at exploring other legal avenues after Judge Torres ruled that XRP is not a security. Meanwhile, the FTX saga had some surprising revelations. Despite this, regulatory efforts remained in the spotlight amid increasing crypto adoption. SEC may appeal the XRP court’s ruling Following Ripple’s win against the SEC, lawyer Marc Fargel expressed skepticism about the court’s ruling. In his view, the ruling could question the watchdog’s arguments on secondary market trading of assets, including crypto. He predicted possible appeals from both…