Day: September 15, 2023

JPEX hikes withdrawal fee to almost $1k after Hong Kong watchdog warning

boss

Crypto exchange JPEX has reportedly increased its withdrawal fee to up to 999 Tether (USDT) after receiving a warning from Hong Kong’s Securities and Futures Commission (SFC). The staff of the exchange has also been reportedly missing from its Token 2049 booth in Singapore.  On Sept. 13, the SFC, Hong Kong’s crypto watchdog, issued a warning against JPEX for actively promoting its services to the Hong Kong public despite not being licensed or applying for a license to operate in their jurisdiction. According to the SFC, JPEX has marketed itself on…

5 AI trends to look forward to in 2023 and beyond

boss

The artificial intelligence (AI) market has been growing at an exponential pace over the last couple of years, thanks in large part to consumer-ready products such as ChatGPT, Google Bard and IBM Watson that are now being used commonly across the globe.  To this point, global management consulting firm McKinsey believes that anywhere between 50% and 60% of all organizations today are already making use of AI-centric tools, with this number expected to grow sharply in the near future. Moreover, as per Forbes, AI is one of the fastest-growing industries…

AI music sending traditional industry into ‘panic,’ says new AI music platform CEO

boss

Artificial intelligence (AI) has been making waves in various industries across the globe. However, the conflict between its usefulness and its ability to infringe on intellectual property (IP) has been a particular struggle in the creative industries. Major players in the music industry, from artists and record labels to institutions like the Grammys and YouTube, have all had to factor in AI in some form. As traditional spaces in the music industry deal with technology, new platforms are popping up that embrace the technology from the start are popping up.…

New Reports Shows How Much Capital Was Pulled Out Of Crypto In August

boss

The crypto industry is known for its sheer price movement volatility, driven mainly by events and liquidity crunches. Since the beginning of the year, there has been a noticeable and consistent outflow of cash from the cryptocurrency market, which is unsurprising.  According to Bitfinex’s latest report, this capital drain was evident in August, as the crypto market saw an exit of about $55 billion in capital from major cryptocurrencies. $55 Billion Drained In The Past Month Bitfinex’s analysis, which measured the aggregate realized value metric of Bitcoin (BTC), Ethereum (ETH),…

IOTA Eyes Big Crypto Leagues Again With Series of Network Boosting Plans

CryptoX is a multi-platform publisher of news and information. CryptoXtrade has earned a reputation as the leading provider of cryptocurrency news and cryptomarket analysis, bitcoin and other cryptocurrencies, blockchain technology, finance and investments. CryptoXtrade have become a known leader in the cryptocurrency information market. We work only with trusted information sources providing latest financial and technological innovations that improves the quality of life of CryptoX readers by focusing on Cryptocurrency and Blockchain. CryptoX Portal

Swan and BitGo to Form Bitcoin (BTC) Only Trust Company

boss

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Altcoins Lead Gains and Deutsche Bank to Explore Tokenization

As bitcoin (BTC) moves higher, the recently shorted alternative cryptocurrencies like Solana’s SOL may see leverage liquidations and exaggerated price rallies. Since Monday’s brief move below crucial support at $25,000, bitcoin has risen over 6% to trade near $26,600, CoinDesk data show. Upbeat China August retail sales and factory output data released early Friday revived risk sentiment in financial markets, clearing the way for continued price gains in the leading cryptocurrencies. Bitcoin cash (BCH) led advancers, adding 8% over the past 24 hours. Maker DAO’s MKR followed with a rise…

Remitano Exchange Reportedly Targeted in $2.7 Million Security Breach; Tether Freezes $1.4 Million

boss

Crypto exchange Remitano faced a series of substantial and suspicious withdrawals on September 14, prompting some blockchain experts to suspect a possible hack. In total, approximately $2.7 million worth of cryptocurrencies were withdrawn through these dubious transactions, news reports said. Tether took swift action by freezing one of the addresses allegedly used by the attacker, safeguarding potentially $1.4 million worth of customer assets, the coverage added. Around 12:45 pm, an established Remitano hot wallet initiated transfers to an address devoid of any prior transaction history. This unusual activity involved the…

ANZ Takes Lead in Australia’s Banking Sector with A$DC Stablecoin

Chainlink’s Cross-Chain Interoperability Protocol (CCIP) might provide a lasting solution to the challenge posed by blockchain fragmentation. In a recent development, the Australia and New Zealand Banking Group (ANZ), one of Australia’s major banks, is taking significant steps toward the launch of its bank-issued stablecoin A$DC. This move follows a successful test transaction conducted using Chainlink’s Cross-Chain Interoperability Protocol, and it aims to facilitate the simulation of tokenized asset purchases, showcasing the bank’s dedication to exploring decentralized networks. Nigel Dobson, ANZ’s Portfolio Lead, announced this milestone in a statement, characterizing…