Day: November 19, 2023

Fake BlackRock XRP ETF, SEC, Elon Musk

This week, the crypto community erupted when a fake BlackRock XRP ETF filing surfaced; regulators are still indecisive on ETF filings; Elon Musk’s “thermonuclear” lawsuit earns praise from InputOutput; and institutional adoption remains sustained. Fake BlackRock XRP ETF filing The XRP community was thrown into excitement when a filing for a BlackRock iShares XRP Trust made its way to the Delaware ICIS on Nov. 13. The discovery triggered an XRP rally to $0.73. However, the asset was dumped immediately when several industry commentators such as Bloomberg ETF analyst Eric Balchunas…

Top cryptos to watch this week: KAS, RNDR, ADA

This week, crypto’s global market cap dropped from $1.41 trillion to $1.38 trillion. However, several assets bucked the trend, while others succumbed to the bears. Here’s a look at Kaspa (KAS), Render (RNDR) and Cardano (ADA). Kaspa (KAS) Kaspa is one of the biggest gainers this week, sitting third on the list of top weekly gainers among the 100 largest crypto assets on CoinGecko. Launched last year, KAS has continued to reach impressive heights over the past months, with an encouraging momentum recorded recently. KAS price – Nov. 19 |…

Who is Mira Murati, OpenAI’s interim CEO?

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OpenAI’s board of directors ousted founder Sam Altman on Nov. 17, shocking the technology world, while appointing Mira Murati as its interim CEO.  Since then, the board has been facing strong criticism from the startup major clients and investors. According to a Bloomberg report, efforts to reinstate Altman as CEO have already involved Microsoft, OpenAI’s biggest shareholder. Meanwhile, Murati is the interim CEO. She has been on OpenAI since 2018. At the time, the company operated as a nonprofit research center but soon transformed into the business behind the global…

Worldcoin price rebounds, OpenAI backers want Altman return

Days after losing more than 10% of its value following the surprise dismissal of Sam Altman as CEO of OpenAI, Worldcoin (WLD) rebounded by more than 24% in the last 24 hours.  Altman, considered a leading figure in the artificial intelligence (AI) sector, found himself relieved of his duties on Nov. 17.  Mira Murati was named interim CEO of OpenAI, the company behind ChatGPT. This sudden development prompted a wave of dialogue within the AI space, with Altman’s departure putting a spotlight on his involvement with Worldcoin — a cryptocurrency…

SOL, LINK, NEAR and THETA flash bullish as Bitcoin takes a breather

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Bitcoin (BTC) has been consolidating above $35,000 for several days, but the bulls have failed to resume the uptrend above $38,000. This suggests hesitation to buy at higher levels. BitGo CEO Mike Belshe said in a recent interview with Bloomberg that there is likely to be another round of rejections of the spot Bitcoin exchange-traded fund applications before they are finally approved. Multiple analysts believe Bitcoin will enter a correction in the near term, with the worst outcome projecting a drop to $30,000. However, the fall is unlikely to start…

OpenChat To Experiment With Facial Recognition In Blockchain

In a bid to elevate the user experience, OpenChat is steering towards a new frontier where conversations are not just exchanges of words, but authentic connections facilitated by advanced technology. The innovative chat application operating on the revolutionary Internet Computer blockchain acknowledges the imperative to authenticate users and deter the proliferation of multiple profiles by launching a cutting-edge facial recognition technology. OpenChat co-founder Matt Grogan emphasizes the app’s goal of attaining “proof of unique humanity.” He acknowledges the simplicity of proving one’s humanity but underscores the greater challenge of verifying…

Singapore unveils regulatory framework for stablecoins

The Monetary Authority of Singapore (MAS) recently unveiled a regulatory framework aimed at enhancing the stability of single-currency stablecoins. The framework, according to Bloomberg, is set to be applicable to non-bank issuers of single-currency stablecoins linked to the Singapore dollar or any G10 currencies, provided their circulation surpasses S$5 million. Singapore’s MAS floats fresh stablecoin regulations Singapore has implemented comprehensive measures to regulate stablecoins, aiming to establish a more transparent and accountable framework for their operations within the country.  The MAS has now finalized a regulatory structure with the primary…

Kronos Research Halts Operations After Losing $26 Million In Security Breach

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Kronos Research, a Taipei-based market maker, trading firm, and venture capital fund, witnessed the withdrawal of significant amounts of crypto assets due to a breach of its security system.  Kronos Breach: Investigation Underway On Sunday, November 19, Kronos Research disclosed – via a post on X (formerly Twitter) – a security incident that involved unauthorized access to its API keys. Consequently, the company lost a significant amount of crypto funds and has halted all trading operations in a bid to launch a full investigation into the incident. In the interest…

Dtcpay in partnership to launch crypto payment network

Singapore-based startup Dtcpay is set to launch a new payment system tailored for both cryptocurrencies and traditional fiat currencies.  Dtcpay reportedly entered into a strategic partnership with the open-source blockchain platform, PlatON, and Chinese payment solution provider, Allinpay International. The aim is to establish a privacy-protected digital payment infrastructure. The collaboration will center around the creation of smart point of sale (POS) terminals, capable of supporting numerous digital currencies including Tether (USDT), Ethereum (ETH) and Bitcoin (BTC).  Previously known as the Digital Treasures Center, Dtcpay has made a name for…

Meme coin investors are examining Rebel Satoshi, a Dogecoin challenger

Meme coins have injected a touch of lightheartedness into the often intimidating crypto world. Despite their playful nature, the meme coin market has a current valuation of $17.8 billion, according to CoinMarketCap. This segment represents a small fraction of the crypto market, indicating considerable untapped potential. Rebel Satoshi (RBLZ) is a new player in this arena.  Let’s explore this project in more detail. About Rebel Satoshi Rebel Satoshi is a fresh rebellion-themed meme coin centered around defiance, community-building, and decentralized finance. While most new projects imitate the branding of Dogecoin…