Day: August 1, 2023

Shanghai to implement blockchain infrastructure by 2025

Shanghai’s government unveiled an implementation plan on July 31 aimed at propelling the growth of its urban blockchain digital infrastructure system from 2023 to 2025. The plan is designed to drive the city’s digital transformation and bolster blockchain adoption in various sectors, including the economy, public services, and urban governance. On-chain and cross-chain development In the website update, authorities share they plan to accelerate the construction of Pujiang digital chain’s urban blockchain digital infrastructure system, having it in full operation by 2025. By design, the system will offer rapid on-chain and…

‘Let’s just diversify and see’ — Binance CEO on its stablecoin strategy

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Binance CEO Changpeng ‘CZ’ Zhao is looking to bring smaller algorithmic stablecoins to the market, in a bid to offer investors options other than the current global stablecoin giants. Speaking in a July 31, ask me anything (AMA) session on Twitter, CZ cited risks associated with large stablecoins such as Tether (USDT) and Binance USD (BUSD), saying that while Tether is by far the largest stablecoin by market cap, he remains cautious of the asset due to its lack of transparency: “I personally have not seen any audit reports of…

What is Agent GPT? | Blockchain News

Agent GPT is an innovative autonomous AI Agent platform that empowers users to create and deploy customizable autonomous AI agents directly on the web. This comprehensive overview explores the features, functionalities, use cases, and future prospects of Agent GPT. Introduction Agent GPT is an open-source project that allows users to create autonomous AI agents built on GPT-4. These agents can act autonomously, write their own code, and perform various tasks on the internet. The platform is gaining popularity for its user-friendly interface, customization options, and potential applications ranging from chatbots…

SEC did not ask Coinbase ‘at any point’ to delist assets, the exchange admits

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase has retracted its earlier statement that the US SEC had requested it to suspend all trading except for Bitcoin. Coinbase’s CEO Brian Armstrong previously said that the U.S. Securities and Exchange Commission had requested it to suspend all trading activities except for Bitcoin (BTC) in an interview with the Financial Times. The CEO’s announcement generated widespread discourse across various platforms, triggering crucial conversations about crypto regulation and its impacts on market dynamics. Armstrong expressed his…

Judge rejects motion to dismiss Terraform case, disagrees with Ripple decision

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A United States Securities and Exchange Commission (SEC) lawsuit against Terraform Labs is set to go ahead after a U.S. judge overseeing the case denied the firm’s motion to dismiss on July 31.  In handing down the order, the judge also rejected a decision from another judge who ruled that Ripple did not violate securities laws based on their manner of sale. The SEC first filed a suit against Terraform Labs and its founder Do Kwon on Feb 16, alleging it was once “orchestrating a multi-billion dollar crypto asset securities fraud.” In…

We need to fundamentally change how smart contracts operate

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Smart contracts have reshaped the possibilities of what blockchain and crypto can achieve, and we can all acknowledge that. That doesn’t mean they’re the be-all-end-all solution to widespread adoption. Being overzealous about any kind of innovation can also contribute to its stalling, or even failure if other factors don’t align. The mentality of assuming new technology is perfect and wondering why everyone hasn’t caught up to its genius is outdated. Not only does it create an adversarial relationship when inevitabilities, such as regulation, arise, but it also diminishes the motivation…

Litecoin Sharks Buy More Than 200,000 LTC Ahead Of Wednesday’s Halving

Over the last few months, Litecoin has emerged as one of the top trending cryptocurrencies due to its halving event happening in August. As this event drew closer, crypto investors began filling up their LTC bags in preparation for what is expected to be a very bullish event. And now, with less than two days left to go before the halving, sharks have made remarkable moves to position themselves for possible upside. Litecoin Sharks Load Up Their Bags A report shared by the on-chain tracking platform Santiment revealed how Litecoin…