Day: December 9, 2023

How blockchain transforms Christmas giving

boss

Blockchain technology in Christmas giving From enhancing transparency and trust in charitable donations to introducing the concept of tokenized gifts, blockchain is infusing a new spirit into the season.  As the festive lights begin to twinkle and the scent of pine fills the air, the season of giving takes center stage. The tradition of exchanging gifts during Christmas has long been a symbol of love, compassion and generosity. However, in the digital age, this age-old practice is already undergoing a profound transformation, thanks to the integration of cutting-edge tech like…

FTX and Alameda move $23.59M in assets to Binance, Coinbase, OKX

boss

In four days, wallets linked to defunct crypto trading firms FTX and Alameda Research moved $23.59 million worth of digital assets to top cryptocurrency exchanges. Blockchain analytics firm Spot On Chain identified the movement, estimating that the defunct entities have transferred $591 million since Oct. 24 using 59 different cryptocurrency tokens. The wallets linked to FTX spread the latest transfer of $23.59 million across 19 tokens: 3,150 ETH  valued at $6.8 million, 59.6 million ALEPH (ALEPH) worth $6.41 million, $2.48 million in Curve (CRV), $990,000 in Avalanche (AVAX), and $848,000…

BONK Gets Extra 200% Boost To Its 7,000% Value Appreciation

boss

The price of some digital assets has reached an all-time high due to the recent growth in the bitcoin market. The unprecedented upswing in the cryptocurrency market has not only been good to tokens of decentralized protocols, but also meme coins like Bonk Inu (BONK). Today marked a new high for the token as its price increased by more than 200% in the weekly timeframe. Solana’s meme coin Bonk has been on a tremendous bull run for quite some time, with a price increase of over 7,000%, indicating the strengthening…

VanEck files 5th amendment to spot Bitcoin ETF under ‘HODL’

boss

Asset manager VanEck filed a fifth amended application for a spot Bitcoin (BTC) exchange-traded fund (ETF) on Dec. 8. According to the regulator’s database, the amended filing to the S-1 Form with the United States Securities and Exchange Commission (SEC) highlights updates to the VanEck Bitcoin Trust. A spot Bitcoin ETF is an investment vehicle that lets people buy shares in a fund that tracks the price of Bitcoin. The VanEck ETF is now expected to be listed under “HODL,” which is a misspelling of “hold” or an acronym for “hold…

EU officials reach ‘historic’ AI regulation deal

boss

The EU Parliament and Council negotiators reached a provisional agreement on the rules governing the use of artificial intelligence on Friday, Dec 8. The agreement covers the governmental use of AI in biometric surveillance, how to regulate AI systems such as ChatGPT, and the transparency rules to follow before market entry. This covers technical documents, adherence to EU copyright, and sharing training content summaries.  The EU wants to be the first supranational authority with laws on AI, specifying how it is to be used beneficially while protecting against risks. The deal was…

On-Chain Data Reveals Dogecoin Has Broken All Major Resistance

boss

The price of Dogecoin has sometimes struggled this year, but the meme token has been on such a great run in the past few weeks, mirroring the current optimistic condition of the general cryptocurrency market. And if on-chain data is anything to go by, this current price rally might not be coming to an end anytime soon. Dogecoin Successfully Clears All Major Resistance – What’s Next? In a recent post on X, prominent analyst Ali Martinez revealed that the Dogecoin price has successfully cleared all major resistance levels. This latest…

Kyberswap comes to the rescue of hack victims, Platypus hacker walks free: Finance Redefined

boss

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week. Cointelegraph interviewed Velvet Capital’s CEO on the challenges facing DeFi and the key barriers it needs to overcome to go mainstream. Cosmos-based Umee and Osmosis merge to create “DeFi Hub,” where Umee’s UX Chain code will be reimplemented on the Osmosis chain, combining features of the two networks. The Platypus hacker has managed to evade accountability for the $8.5 million exploit on…

Senator Elizabeth Warren calls crypto a ‘new threat’

Senator Elizabeth Warren has once again voiced strong criticism against cryptocurrencies, highlighting them as a new threat to the United States. Her comments, made during a CNBC’s Squawk Box appearance on Dec. 7, resonate with the views of JPMorgan CEO Jamie Dimon, who has been a vocal advocate for shutting down the crypto sector. “There’s a new threat out there –it’s crypto and it is being used for terrorist financing and it is being used for drug trafficking. We can’t allow this to continue,” says U.S. Senator @ewarren. pic.twitter.com/mAaVOXj5SX —…

Less than 2% of El Salvador’s population holds crypto: Report

boss

In spite of the continuous efforts by the government of El Salvador to promote widespread cryptocurrency adoption within the nation, a recent CoinGecko report highlights the limited number of crypto owners in the country. Published on December 7, the report reiterates that El Salvador stands alone as the only country in the world actively using crypto as legal tender. However, a relatively small percentage of its population currently hold Bitcoin (BTC):  “Despite these progressive measures, Bitcoin adoption in El Salvador remains relatively low.” According to data from Triple A, approximately…