“While this seems to be an unorthodox move for a decentralized wallet suite, inaccessibility is a pressing issue plaguing crypto users that needs to be solved for better onboarding and adoption,” said Veronica Wong, CEO and co-founder of SafePal, said in a message to CoinDesk. Source
AI tokens remain a hot narrative for crypto traders because the technology is expected to drive key innovations in the global economy in the coming years. However, the relationship between AI and crypto is unclear: Artifical intelligence cannot run on a blockchain. Even so, developments in traditional AI companies, such as OpenAI, drive gains in AI tokens as traders utilize them as a proxy bet on the industry. Source
The report, which cites documents from the Securities and Exchange Commission (SEC) of Nigeria, follows headlines from February that Nigeria’s government had blocked local access to several crypto platforms, including Binance, Kraken and Coinbase. Coinbase said at the time that it remained accessible and did not immediately respond to a CoinDesk request for comment on the current status. Source
The firm is floating the Pantera Solana Fund to investors, stating it has an opportunity to buy up to $250 million of SOL tokens at a 39% discount below a 30-day average price of $59.95, Bloomberg said, citing documents sent to potential investors last month. Source
Project Ensemble will “seek to explore innovative financial market infrastructure (FMI) that will facilitate seamless interbank settlement of tokenised money through wCBDC,” with an initial focus on tokenized deposits, the Hong Kong Monetary Authority (HKMA) said Thursday. Source
PRESS RELEASE. LBank Labs, a prominent blockchain venture fund, has invested in Versatus, the Universal dApp Engine, to address one of the most critical roadblocks in realizing Web3’s immense promise – the developer shortage. Despite over 27 million developers worldwide, less than 0.1% build for Web3. And out of those few, most leave within a […] Source CryptoX Portal
The upgrade will provide the scaling needed to support millions of users on layer-2 blockchains, making it a more “fitting distributed database for other blockchains,” the report said. The improvements are expected to bring substantially more users into the Ethereum ecosystem and should expand the network’s total addressable market (TAM). Source link
“The popularity and interest in ETH and SOL has increased substantially over the past few months,” Josh Deems, head of institutional business development for Figment, said in the statement. “However, it is still challenging for institutions to buy crypto and stake directly. The ETPs will contribute to an increased accessibility to staking rewards for a wide audience, and we at Figment are proud that Apex and Issuance.Swiss chose Figment to be part of this development.” Source
In the volatile world of cryptocurrencies, the recent bullish trend sweeping through the market has not only propelled Bitcoin to new heights but has also catapulted altcoins like Fetch.ai (FET) to unprecedented levels. FET marked a significant milestone with a fresh all-time high today, following the lead set by the primary cryptocurrency. At the time of writing, FET is priced at $2.76, with a trading volume of $2.77 billion over the last 24 hours. Its market capitalization stands at nearly $2 billion. Notably, the coin has experienced a remarkable 110%…
Cyber gang BlackCat allegedly scammed its own affiliates as the group went dark shortly after it disrupted the U.S. healthcare system. An address associated with the ransomware gang BlackCat, also known as ALPHV and Noberus, received approximately $22 million worth of Bitcoin (BTC) on Mar. 1 following a late February attack on United Healthcare’s Change Healthcare, a tech firm providing services to hospitals and clinics. However, a twist emerged two days later when the address received over 1,000 BTC and promptly emptied the wallet. Subsequently, an individual named “notchy,” claiming…