Day: October 20, 2023

Microsoft’s Activision Deal Tipped to Pioneer Era of New-Generation Gaming Companies

Cloud gaming as a key aspect of what Microsoft is bringing to the world of gaming. A recent deal saw tech giant Microsoft Corp (NASDAQ: MSFT) paying $69 billion to acquire US game publisher Activision Blizzard Inc (NASDAQ: ATVI). However, according to venture capital (VC) firm Konvoy, that Microsoft’s deal might just be the start of many more similar ones to come to gaming. In a report that Konvoy partner Josh Chapman recently shared with CNBC, the world’s biggest tech firms still hold a combined $229.4 billion of cash on…

LBRY Bids Farewell, Shutting Down after Losing SEC Case

LBRY announced that all of its executives, staff members, and board directors had resigned. According to LBRY’s statement, the company will now focus on addressing any remaining legal obligations before completely ceasing operations. Cryptocurrency firm LBRY has announced that it will cease operations and shut down following a legal battle with the Securities and Exchange Commission (SEC). LBRY was sued by the SEC in 2021 for allegedly conducting an unregistered securities offering by selling its LBRY Credits (LBC) cryptocurrency. The final ruling was in SEC’s favor as a US judge…

Google And MultiversX Join Hands, How The Big Tech Giant Will Support The Community

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In the next three days, our team at NewsBTC will cover xDay 2023, an event organized by MultiversX in the Palace of Parliament, Romania. Formerly known as Elrond, the project rebranded in 2022 and focused on the Metaverse, one of the hottest trends in crypto. On day two of the event, the MultiversX team, spearheaded by Beniamin Mincu, announced a partnership with big tech giant Google. The partners will work on driving adoption and “accelerating” the expansion of Web3 and the MultiversX ecosystem. MultiversX’s native token EGLD trends to the…

Binance Secures New Euro Banking Partners to Resume Fiat Transactions

Binance is currently in the process of finding partners for dealing with fiat transactions in the UK, as British users are still unable to deposit GBP. Leading global cryptocurrency exchange Binance has successfully onboarded fresh fiat partners to facilitate euro transactions after halting the services earlier this year due to regulatory challenges. In an official announcement on October 19, the exchange said it had finalized agreements with new fiat partners to manage euro payments, deposits, and withdrawals. Binance Reopens Euro Deposits and Withdrawals The announcement comes after the company’s former…

Shiba Inu set for recovery as investors eye Neo and InQubeta

Crypto is volatile, but two popular altcoins have been resilient despite harsh market conditions. Shiba Inu (SHIB) recently processed a large chunk of transactions, while InQubeta(QUBE) has been steadily gaining investor attention. InQubeta eases investment in crypto AI startups Many artificial intelligence (AI) startups are launching or planning to in the months ahead. However, it can be challenging for potential investors to get involved.  InQubeta aims to change that. It’s a crowdfunding platform that lets investors make fractional investments via non-fungible tokens (NFTs) in AI startups using the QUBE, the platform’s…

When Will The Bitcoin Bear Market End? US Mega Bank Has The Answer

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In a recent development, leading investment bank Morgan Stanley has weighed in on when the lingering Bitcoin bear market is likely to end. Interestingly, they share some similar views with analysts who have made predictions in the past.  Bitcoin Halving A Major Factor In an article released by the investment bank, Morgan Stanley highlighted Bitcoin’s importance as the leading crypto and how the Bitcoin Halving, which is set to take place in April 2024, could affect its price and other crypto tokens by extension.  Bitcoin halving is a deflationary measure…

Anoma Foundation Backs Namada’s Community Builders Program

The Anoma Foundation is demonstrating its commitment to the cause of digital privacy by incentivizing and rewarding contributions to the Namada Community Builders Program. In an exciting development for the blockchain community, Switzerland-based blockchain non-profit Anoma Foundation has announced its support for Namada, a multichain privacy protocol, by launching a Community Builders Program. Namada’s Community Builders Program The Community Builders Program launched by Namada is a significant step toward its goal of achieving privacy and security in public blockchains. This program is centered on engaging the broader blockchain community in…

EU data protection regulators urge anonymity for smaller transactions in digital euro

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On Oct. 18, the European Data Protection Board (EDPB) and the European Data Protection Supervisor (EDPS) issued a joint opinion statement on the regulation of “digital euro,” proposed by the European Commission in July 2023. The regulators made several recommendations to enhance the personal data protection standards for the European central bank digital currency (CBDC).  The EDPB and EDPS suggest clarifying the proposed verification procedure for the maximum allowed amount of digital euro held by the individual account. The current draft allows the European Central Bank (ECB) and national central…

How decentralization can mitigate ‘dystopic’ artificial intelligence risks — SingularityNET exec

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While the development of artificial general intelligence (AGI) comes with a truckload of benefits, it also comes with massive risks if the technology falls into the wrong hands. However, decentralization using blockchain technology might help prevent a catastrophe, according to Janet Adams, chief operating officer of the artificial intelligence and Web3-focused project SingularityNET. At the Future Blockchain Summit event in Dubai, Cointelegraph sat down with Adams to learn about the risks of centralization when it comes to AGI and how decentralization holds the key to mitigating these risks. Cointelegraph’s Ezra…

DTCC Acquires Blockchain Firm Securrency for Undisclosed Amount to Steer Forward Its Digital Assets Agenda

Through the acquisition by DTCC, Securrency will henceforth become DTCC Digital Assets with top executives also joining the new force under different roles. DTCC, a New Jersey-based post-trade market infrastructure for the global financial services industry that helped process securities transactions worth over $2.5 quadrillion in 2022, has announced a strategic acquisition of Securrency, an institutional-grade blockchain firm, for an undisclosed amount. According to the announcement, the acquisition of Securrency by DTCC is expected to close within the coming few weeks. Following the acquisition, Nadine Chakar, the Chief Executive Officer…