A recent uproar on social media has ignited a heated debate within the cryptocurrency community regarding the alleged listing payments made by Ripple for its digital asset, XRP. David Schwartz, the Chief Technology Officer at Ripple, stepped forward to counter the claims surrounding these payments. Allegations Unveiled A Twitter user going by the name @ScamDetective sparked the controversy by asserting […]

Cryptocurrency exchange ByBit will look to leverage artificial intelligence (AI) to provide a host of new trading tools and metrics for users through an integration with ChatGPT. OpenAI’s highly acclaimed large language model chatbot has been used by a myriad of industries to provide innovative solutions and services. The cryptocurrency trading space could stand to benefit from the service as […]

The Tether (USDT) stablecoin slightly deviated from its United States dollar peg on June 15 due to an imbalance in Curve’s 3pool. The price of USDT fell by 0.3% to around 0.997 as its weightage in the curve 3pool increased to over 70% from the usual 33.1%. Curve’s 3pool is a stablecoin pool for decentralized finance holding a massive amount […]

On June 14, Nigeria, known for its growing adoption of cryptocurrencies like Bitcoin (BTC), floated its national currency, the naira, allowing banks and other forex market actors to trade it freely. The new policy could have several implications for crypto traders.  Foreign currency traders can now exchange at rates set by the market instead of those set by the Central Bank […]

Crypto exchange Binance announced the launch of new subscription-based could mining products dedicated to Bitcoin (BTC) mining.  Starting June 15, users that are interested in Bitcoin mining but lack the equipment can subscribe to Binance’s cloud mining services and purchase hashrates for the same. Hashrate is the computing power required for confirming and legitimizing Bitcoin transactions over the blockchain. Binance […]

In just 22 years, generative AI may be able to fully automate half of all work activity conducted today, including tasks related to decision-making, management, and interfacing with stakeholders, according to a new report from McKinsey & Co. The prediction came from the management consulting firm report on June 14, forecasting 75% of generative AI value creation will come from […]

The Hong Kong Monetary Authority (HKMA), which serves as the region’s central bank and regulator, has reportedly put pressure on major banks, including HSBC and Standard Chartered, to accept crypto exchanges as clients. According to a June 15 report from the Financial Times, which cited three sources familiar with the matter, the HKMA questioned the U.K.-based firms as well as […]

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 EOS price started a fresh decline below the $0.80 level against the US Dollar. The price is now trading below $0.750 and the 55 simple moving average (4 hours). There is a short-term bearish trend line forming with resistance near $0.675 on the 4-hour chart […]

Crypto trading platform Hashflow has assured affected users will be “made whole” following an exploit that saw at least $600,000 in digital assets removed from the platform. On June 14, blockchain security firm Peckshield reported an ongoing issue with the Hashflow trading platform. “It appears there is an approve-related issue,” the firm noted, reporting losses of around $600,000 in Arbitrum (ARB) […]