Day: November 16, 2023

No civil protection for crypto in China, $300K to list coins in Hong Kong? Asia Express – Cointelegraph Magazine

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Our weekly roundup of news from East Asia curates the industry’s most important developments. Hot week for Hong Kong exchanges  Hashkey Exchange — one of the first regulated crypto exchanges in Hong Kong — has announced insurance coverage for clients assets stored in its hot and cold wallets. accounts. The policy will cover 50% of Hashkey’s digital assets in cold wallets and 100% of digital assets in hot wallets and pay out anywhere between $50 million to $400 million in the event of a claim. Hashkey’s partnership with fintech OneDegree…

Project Dojo aims to empower Muskonomy via innovation, technology, and vision

In crypto, innovation can drive success. Project Dojo (DOJO) combines the appeal of crypto with the capabilities of machine learning by using an in-house supercomputer while focusing on sustainability. The project’s motto, “Super Processes,” represents the in-house supercomputer created by the team behind Tesla. The computer aims to tackle machine learning challenges and enable utilities like the Optimus Artificial Intelligence Bot. The Tesla Dojo supercomputer serves as the foundation for training advanced machine-learning models.  By leveraging the capabilities of a supercomputer, Project Dojo showcases its commitment to pioneering innovation.  The…

Historical Data Shows What To Expect

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The Bitcoin open interest can often be an indication of where the BTC price might be headed next depending on whether or not the metric is rising or falling. This time around, the Bitcoin open interest has risen drastically, hitting 19-month highs in the process. Using historical data, it is possible to extrapolate what this means for the crypto’s price, especially as investors remain very bullish. Bitcoin Open Interest Surges To $17.04 Billion In an interesting turn of events, the Bitcoin open interest has been rising quickly across various exchanges.…

Public needs to know blockchain use cases, AI needs regulation now — Andrew Yang

Andrew Yang, former candidate for United States president and New York City mayor and founder of the Forward Party, had sobering observations about the uses of blockchain, or its lack of use, in the United States and U.S. regulation of artificial intelligence (AI) when he spoke Nov. 16 at the North American Blockchain Summit (NABS) in Fort Worth, TX. Yang, who described himself as “enormous believer in smart money, smart currencies,” said he saw blockchain and Web3 technology in a sorry state, especially in the United States, which creates the risk…

Bitcoin’s Taproot Wizards secures $7.5m funding from Standard Crypto

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Bitcoin’s Taproot Wizards project received a fresh $7.5 million investment from Standard Crypto to transform the blockchain ecosystem and compete with major players like Ethereum and Solana. The Taproot Wizards project, known for its Bitcoin Ordinals initiative, has successfully raised $7.5 million in funding, spearheaded by VC firm Standard Crypto. Founded by Udi Wertheimer and Eric Wall, Taproot Wizards draws inspiration from a classic Bitcoin wizard meme that circulated on Reddit over 10 years ago. The project aims to reshape perceptions of the Bitcoin blockchain.  “We’ve always admired their s̶h̶i̶t̶p̶o̶s̶t̶i̶n̶g̶…

Failed ‘$175M’ real estate token raise draws ire of Texas regulators

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The Texas State Securities Board has accused a network of companies under the “GS” brand and operating from Germany of fraudulent activities “tied to digital assets, investments in a staking pool in a proprietary metaverse.” The network of companies is controlled by Josip Dortmund Heit. As described by regulators on November 16, respondents GS Partners, GS Smart Finance and GS Wealth allegedly held three rounds of metaverse property sales beginning September 2021. At the time, investors were informed that could purchase XLT Vouchers, or BNB Chain tokens that represented ownership…