Coinatory

Popular YouTuber DidYouKnowGaming was able to restore control of his channel after it had been taken over by an unidentified bad actor to spread XRP cryptocurrency scams. Although targeting unwary investors by hacking into YouTube channels to promote scams has long been a practice, more creators on the platform are now reporting hacks. The most recent hack alert came from the YouTuber DidYouKnowGaming, who has 2.4 million subscribers. Related: XRP: Your Ticket to Financial Freedom or a Dead-End Investment? YouTube’s swift intervention ensured damage control by preventing XRP hackers from interacting with the channel’s subscribers. Recently, one of the largest YouTube creators, Linus Tech Tips, also reported losing access to his channels. The technique that the hackers used to access YouTube accounts is still unknown, but the Read more about YouTube helps recover hacked channel that attempted XRP crypto scams #Cryptonewstoday, #Deepfakes, #Scam, #Xrp, #YouTube

In April, THNDR Games, a Bitcoin game developer, distributed 13.92% of its payments to users in the United States through the Lightning Network (LN), while more than half of the payments were made to nine other countries where LN usage had largely gone unnoticed. Kevin Rooke, a Bitcoin enthusiast, shared data indicating that only 13% of THNDR Games' Lightning Network payments in April went to US users, suggesting that the LN's global payment reach is expanding. https://twitter.com/kerooke/status/1651710723758718977?cxt=HHwWgoC8ld6Jh-wtAAAA THNDR Games uses LN, a layer-2 payment system built on top of the Bitcoin network, to enable instantaneous micro-transactions in its games, allowing players worldwide to earn and spend BTC. The majority of THNDR Games' users are from emerging economies, which have become a popular markets Read more about THNDR Games' Lightning Network Payments Expand Globally, With Emerging Economies at the Forefront #Cryptonewstoday, #Altcoin, #Bitco...

After addressing the privacy concerns raised by Garante, the data protection agency of Italy, the popular interactive AI chatbot ChatGPT, banned the provision of services in Italy. The watchdog suspected that the ChatGPT violated the GDPR, resulting in a temporary ban on March 31. However, after 29 days, the ban was revoked and ChatGPT was again made available in Italy. To comply with the Italian regulator's transparency demands, ChatGPT had to reveal its data-processing practices and implement age-gating measures, among other legal requirements. The ban was imposed following a data breach by the ChatGPT on March 20. The move to swiftly comply with local authorities is seen as a positive step and is widely welcomed by ChatGPT's global users. Meanwhile, European Union legislators are working on a new bill that aims to Read more about ChatGPT ban lifted in Italy after obliging transparency demands #Cryptonewstoday, #ChatGPT, #Cryptocurrency, #Cryptonewstoday, #Italy, #News, #Open...

On April 28, Emperor Osmo, a crypto analyst, took to Twitter to share his thoughts on Tron's impressive Total Value Locked (TVL), a metric used to measure the total value of digital assets locked in DeFi. https://twitter.com/Flowslikeosmo/status/1651949449546174464?cxt=HHwWgMDQ8bPR8-wtAAAA Osmo expressed his skepticism about Tron's TVL, which was reported to be over $5 billion by the DeFi TVL aggregator DefiLlama, ranking it as the third highest TVL platform after Ethereum and Binance Smart Chain. Osmo admitted that he was not familiar with anyone who has used Tron, leading him to question the validity of the reported TVL. Despite Osmo's doubts, Tron has consistently ranked highly in TVL over the past few months, surpassing other leading platforms, such as Binance Smart Chain, Polygon, and Solana. Tron’s proponents argued Read more about Tron's Impressive TVL Rating Raises Doubts, According to Cryptanalyst on April 28 #Cryptonewstoday, #Cryptocurrency, #Cryptomarket, #C...

The potential success and expansion of a cryptocurrency project are greatly influenced by development activity. A digital asset's functionality and long-term prospects are improved by a committed team of developers, like Ethereum, who continually work on improvements and innovations. Performance of Top Developed Projects Over Six Months Interesting conclusions can be drawn from comparing the price returns of the top 20 developed projects over the previous six months: Kusama (KSM) and Polkadot (DOT) both experienced a decline in price, with changes of -12% and -8%, respectively. Ethereum (ETH) recorded a significant price increase of +26%. Cardano (ADA) and Hedera (HBAR) witnessed minor gains, with +2% and +1% changes, respectively. Decentraland (MANA) and Vega Protocol (VEGA) saw price drops of -14% and Read more about Ethereum ranks #8 among top developed blockchains #Aptos, #Cryptocurrency, #Cryptonewstoday, #Ethereum

Tesla CEO Elon Musk revealed that content creators on the social media network can now earn money from their work, adding to the increasing list of innovative initiatives to boost Twitter's revenue and advance citizen journalism. Mass layoffs and the introduction of Twitter Blue subscriptions are just two of the extreme steps that Twitter has taken since Musk took control of the company. While many people who had already been verified objected to the request for a monthly fee to obtain a "Blue checkmark" on Twitter, Musk saw it as a vital source of income for the organization. The most recent user-centric redesign, which enables users to monetise all types of postings on Twitter globally, aims to increase follower engagement and develop new sources of income for the social media site. The ‘Subscriptions’ feature allows Twitter Read more about Elon Musk introduces Twitter monetization avenues for content creators #AI, #Cryptonewstoday, #ElonMusk, #Twitter

Largest SHIB whale purchase reports worth $1.55M in the last 24H. According to Etherscan data, the biggest whale of the Shiba Inu (SHIB) purchased a total of 150,553,500,877 tokens for $1.55 million. It should be noted that the same transaction occurred three times in total over the previous 24 hours. Tuesday saw a recent SHIB whale deal. Two transactions totaling 9.81 billion and 158.55 billion tokens totaled $1.72 million. According to the current market valuation, the highest Shiba Inu whale is in possession of  5,178,454,552,701 Shiba Inu tokens, which are worth around $53.33 million. source Read more about Largest SHIB Whale Spotted, $1.55M Worth Tokens Purchased #CryptoWhale, #Cryptomarket, #Cryptonewstoday, #ShibaInu

Samsung, a multinational electronics corporation, has teamed up with Crypto.com to offer crypto-asset trading on Galaxy Fold Z devices. Crypto.com will release a new set of updates for Galaxy Z Fold users, including investment resources and tools for those interested in crypto trading. Once the updates are available, Galaxy Fold Z users can view and compare various cryptocurrency prices on their large screens and make clearer and quicker decisions. This feature is expected to enhance productivity and provide better analysis capabilities. Crypto.com is the first exchange for Galaxy Fold Z devices. Samsung has been exploring blockchain technology and cryptocurrencies in recent years, and has integrated crypto-related features and services into its products and services, such as the Samsung Blockchain Wallet on its Galaxy Read more about Samsung Collaborates with Crypto.com to Offer Crypto Asset Trading on Galaxy Fold Z Devices #Cryptonewstoday, #Altcoin, #Bitcoin, #CryptoCom, #Cryptocurr...

Polygon Labs and Google Cloud have formed a multi-year partnership, announced at consensus 2023, to support the development of tools and infrastructure for the Ethereum scaling protocol. Google Cloud will offer its framework and developer tools to Polygon's core protocols, including Polygon proof-of-stake (PoS), Polygon zkEVM and Polygon Supernets, aimed at simplifying developer integration and building Web3 products and decentralized applications (DApps) on Polygon. The partnership is expected to advance Polygon's zero-knowledge development, particularly with the testing of Polygon zkEVM's zero-knowledge proofs on Google Cloud, resulting in faster and cheaper transactions compared to existing infrastructure. Google Cloud's Blockchain Node Engine will also assist with time-intensive processes and costly overheads of acquiring, Read more about Google Cloud and Polygon Labs Partner to Boost Ethereum Scaling Protocol's Development #Cryptonewstoday, #Cryptocurrency, #Cr...

The head of the US securities regulator has again attacked the cryptocurrency sector, claiming that several platforms are operating in breach of the country's securities regulations. In a 4-minute video that he released on Twitter on April 27, Securities and Exchange Commission Chair Gary Gensler called cryptocurrency assets "investment contracts" and urged platforms that provide them to register with the SEC to safeguard American investors. an investment contract exists when you invest money in a common enterprise with a reasonable expectation of profits, to be derived from the efforts of others “Crypto markets suffer from a lack of regulatory compliance. It’s not a lack of regulatory clarity. […] The law is clear, if you’re a securities exchange, clearinghouse, broker or dealer, you must come into compliance, register with Read more about SEC's Gary Gensler takes another swipe at crypto  #Cryptonewstoday, #GaryGensler, #Regulations, #SEC

Former top FTX employee Ryan Salame, a generous Republican fundraiser, is under increasing legal pressure because of his role in Sam Bankman-Fried's corporate empire. The F.B.I. conducted a search at Ryan Salame's Potomac, Maryland, residence on Thursday morning. Salame is a former FTX executive who contributed significantly to Republican political candidates' campaigns. Before the company filed for bankruptcy in November, Mr. Salame, who oversaw FTX's Bahamian subsidiary, was a close adviser to Sam Bankman-Fried, the exchange's founder. Mr. Bankman-Fried has been accused by federal authorities of planning a significant fraud and unlawful campaign fundraising scheme at FTX. He has promised to contest the allegations. In conjunction with the inquiry, three of his former senior executives entered guilty pleas and consented to Read more about Former FTX Exec’s $4 Million House Searched By FBI #Cryptonewstoday, #FTX, #Regulations, #RyanSalame, #SamBankmanFried

According to reports, the world's largest investment bank JPMorgan has created an artificial intelligence (AI) technology to analyze Federal Reserve speeches and remarks to find potential trade signals. According to a report by Bloomberg on April 27, the Wall Street investment bank is analyzing central bankers' remarks using a linguistic model based on ChatGPT. Related: Will ChatGPT be banned? The bank has coined the term "Hawk-Dove Score" to describe how these Fed policy signals will be assessed on a scale from easy to restrictive. In terms of monetary policy, "hawkish" refers to increasing interest rates in order to keep inflation in check. The "Dovish" alternative, which supports a monetary policy of expansion and lower rates, is the opposite. Analysts will be able to identify policy changes using the AI Read more about AI tool created by JPMorgan analyzes Fed speeches to signal trades #AI, #ChatGPT, #Cryptomarket, #Cryptonewstoday, #JPMorgan

At Consensus 2023 on April 27, Robinhood announced the launch of "Robinhood Connect," a fiat-to-crypto on-ramp that enables users to purchase and sell cryptocurrency directly to and from their self-custody wallet or in DApps using a credit or debit card. The service is positioned as a competitor to Coinbase Pay and MoonPay, and features integration with Web3 projects, allowing developers to embed the service into applications. Currently, the Robinhood Connect is only available in certain ecosystems, but support for Exodus and Phantom is ongoing. Johann Kerbrat, general manager of Robinhood Crypto, stated that the service was developed to encourage more people to enter the cryptocurrency space. Robinhood, a traditional finance company, is one of the few companies to enter the market for fiat-to-crypto services. Robinhood has 23 Read more about Robinhood Launches 'Connect' Fiat-to-Crypto On-Ramp at Consensus 2023, Introduces Web3 Integration and Upgrades to App #Crypton...

UK-based charities that accept cryptocurrencies must maintain accurate records of their income and adhere to tax and money laundering regulations, according to guidance published on April 26, 2023, by the UK Charity Commission. The regulator cautioned charities about the risks associated with dealing with cryptocurrencies such as Bitcoin (BTC) and Non-fungible tokens (NFT), which are volatile and difficult to trace. Helen Stephenson, the Commission's CEO, advised trustees to exercise caution when considering accepting such assets as payments or donations. Although the Commission's Assistant Director of Policy, Sam Jackson, previously identified crypto as a potential mainstream route for investing, trading, and moving assets, it warned charities to carefully consider their exposure to risk before accepting crypto assets or NFTs. The Read more about UK Charity Commission Issues Guidance on Cryptocurrency Acceptance for Charities #Cryptonewstoday, #Altcoin, #Bitcoin, #Cryptocurren...

The Hong Kong Monetary Authority (HKMA) reminded banks that anti-money laundering (AML) regulations should not be applied uniformly, as different businesses may have different AML risks. The HKMA Deputy General Manager Arthur Yuen stressed that although the number of companies opening bank accounts in Hong Kong has increased, banks should not create unnecessary obstacles to the account opening process. In addition, Yuen noted that there are no legal or regulatory restrictions for banks to provide banking services to VA-related entities in Hong Kong. The HKMA expects regulated VASPs to open bank accounts within reasonable limits. To help banks, the HKMA will issue a series of recommendations and best practices and will hold a roundtable for the banking industry and virtual asset service providers on April 28 to exchange Read more about Hong Kong aims to become the epicenter of the global cryptocurrency market. #Cryptonewstoday, #Cryptocurrency, #Cryptomarket, #GlobalCryptocurrency, #Hon...

Mark Zuckerberg, CEO of Meta Platforms Inc. asserted that despite recurrent losses in the billions of dollars at its division charged with creating the online virtual reality world, the giant of social media is not shifting its focus away from the metaverse. In the first quarter of this year, Meta's Reality Labs, a subsidiary devoted to developing virtual reality and the metaverse, reported an operational loss of US$3.99 billion, up from a loss of US$2.96 billion in the same period of the previous year. According to its annual report, Reality Labs recorded an operating loss for the entire year of 2022 of US$13.72 billion. “We continue to expect Reality Labs operating losses to increase year-over-year in 2023” In a telephone conversation on Wednesday after Meta released its first-quarter earnings report, Zuckerberg noted that Read more about Inside Meta's Reality Labs: Exploring the Multi-Billion Dollar Losses and the Future of the Metaverse #MarkZuckerberg, #Meta, #Meta039SR...

One alleged scammer in particular, according to ZachXBT, started almost 114 projects in the last 45 days alone. Over the past two months, fake memecoin launches have increased because of cryptocurrency scammers, according to crypto sleuths. One address in particular, according to research from blockchain detectives ZachXBT, has started "114 memecoin scams" in the last 45 days alone. Related: Mastering Meme Coins: Your Ticket to Crypto Wealth or a Risky Gamble? In an April 26 Twitter thread, ZachXBT tracked the movements of the wallet address 0x739c58807B99Cb274f6FD96B10194202b8EEfB47, noting that “each time stolen funds from the scam are sent to the exact same deposit address.” Given that the putative scammer in question had divided assets among various wallets, the independent blockchain detective was unable to determine h Read more about The Rise of Fake Memecoins: One Scammer Starts 114 Projects in 45 Days #Cryptonewstoday, #Memecoin, #Scammers, #ZachXBT

The Securities and Futures Commission of Hong Kong plans to provide more information about the city's expanding digital currency regulatory environment next month. According to the regulator's Chief Executive Officer Julia Leung, instructions on the licensing system for virtual asset exchanges would be released in May. She announced Thursday in the city that a consultation procedure for the regulatory framework that will apply to cryptocurrency exchanges received more than 150 replies. Despite Hong Kong's ambition to establish itself as the next global center for cryptocurrencies, not all trading platforms have opted to remain there for the long term. Related: Hong Kong will be the new centre of Cryptocurrencies: Kaiko CEO Bitget, a cryptocurrency exchange with $1.4 trillion in reserve assets, declared on April 24 that Read more about Hong Kong SFC to Issue Crypto Exchange License Guidelines in May #Cryptomarket, #Cryptonewstoday, #HongKongSFC, #Regulations

The Xirtam token's initial airdrop offering (IAO) on the AlienFi decentralized exchange on April 26 was canceled in the last minute. It is unclear who was responsible for the cancellation, but AlienFi claimed that Xirtam conducted a seed sale before the IAO at a much lower price than the Fjord price, which led to a pricing dispute and, ultimately, the cancellation. Xirtam had previously scheduled a presale with Fjord Foundry, and a private public sale with AlienFi. The IAO was supposed to raise 350 ETH for 50 million Xirtam tokens, but the presale had already raised $3.9 million between April 23 and April 26. An IAO involves a predefined token allocation for investors, and after the sale ends, the tokens are distributed pro-rated to contributors based on the percentage of funds they contribute. The listing price is set before the Read more about Xirtam Token's Initial Airdrop Offering on AlienFi Cancelled Last Minute Due to Pricing Dispute #Cryptonewstoday, #Altcoin, #Arbitrum,...

Bitcoin volatility is likely to increase amid uncertainty about US transactions related to Mt Gox. Several factors affect market stability.First, an error by the IRS agent in charge of TWAP caused significant fluctuations in the Bitcoin price, as the agent mistakenly specified 90 minutes instead of 90 days. This has caused significant market uncertainty. Many investors are uncertain about BTC’s future value. https://twitter.com/tier10k/status/1651312311116677122?cxt=HHwWhIC21Yjz0eotAAAA Second, there was news of Mt Gox and U.S. government wallets making transactions. This increased volatility causes further speculation and uncertainty in the market. https://twitter.com/tier10k/status/1651317391626846214?cxt=HHwWjIC-teWa1OotAAAA These transactions were flagged by Arkham Alert, a system that monitors large transactions in Read more about Bitcoin plummeted 8% in one hour due to Mt.Gox and IRS mistakes #ArkhamAlert, #Bitcoin, #BTC, #Cryptonews, #Cryptonewstoday, #Mtgox, #News

Lookonchain, an on-chain analyst, provided details about an individual who spent nearly $1 million to acquire PEPE Coin. Based on the on-chain data, the user purchased 3.79 trillion PEPE with 422 ETH and 100 K USDC between April 19, 2022, and April 2023, at an average price of $0.0000002563, making them the tenth-largest holder of PEPE. PEPE gained significant attention during its initial days, particularly after a meme coin trader traded 0.125 ETH for 5.9 trillion PEPE tokens, which were valued at around $250. As interest grew, the value of these coins skyrocketed to approximately $1.8 million by April 19, 2023, representing a potential return of approximately 4,500 times the initial investment. Last week, PEPE's market capitalization rose from a few thousand dollars to over $150 million, generating considerable excitement and Read more about Individual Spends Nearly $1 Million on PEPE Coin, Becomes Tenth-Largest Holder #Cryptonewstoday, #1Million, #Altcoin, #Cryptocurrency, #Cryp...

The Bitcoin white paper has secretly shipped inside all versions of the Apple Mac operating system since 2018. Users recently learned that every copy of macOS includes the original Bitcoin whitepaper concealed within its internal files. Although we think that the existence of the file there was only a joke among Apple engineers, Apple never discussed the explanation for this. With the most recent macOS Ventura beta, the file is no longer exist. Related: Bitcoin Whitepaper inside MacOS The Bitcoin whitepaper that was concealed in the system files has been deleted according to 9to5Mac, after Tuesday's developer release of macOS Ventura 13.4 beta 3. In the Image Capture software, the file might be found in a folder together with other random assets like photographs and other PDF files. These assets were part of an internal Read more about Apple  removed Bitcoin white paper from its most recent MacOS beta #Apple, #BitcoinWhitePaper, #Cryptonewstoday, #MacOS, #News

Users of Solana will soon be able to interact with the network using an open-source plugin activated on ChatGPT. According to a tweet sent out on April 25 by Solana Labs, the company responsible for developing the Solana blockchain, the plugin will enable ChatGPT to check wallet balances, send Solana-native tokens, and buy nonfungible tokens once OpenAI makes plugins available. Related:Will ChatGPT be banned? Solana Labs is also encouraging developers to test using the open-source code to retrieve on-chain data that they may be interested in. Related: Discover how to create NFT in just 6 easiest steps! ChatGPT can retrieve a list of NFTs owned by a particular Solana address, which shares an attached metadata link to the NFT — presumably sourced from Solana Labs’ block explorer. When OpenAI makes the plugin fea Read more about Solana Labs’ ChatGPT plugin allows AI to fetch blockchain data #AI, #Blockchain, #ChatGPT, #Cryptonewstoday, #Solana

After First Republic Bank (FRC) shares dropped more than 50% on April 25, concerns over a potential impending bank failure caused the price of Bitcoin (BTC) to jump more than 3% in the previous day. The price of Bitcoin increased immediately after Fox News Business Reporter Charles Gasperino broke the news that bankers working with First Republic Bank anticipate the institution going into government receivership, claims the Head of Research at Australian crypto education platform Collective Shift. Related: Price of Bitcoin: 6 main factors influence the BTC price Receivership is a strategy that helps troubled companies avoid bankruptcy while allowing creditors to recover money that may be at risk of default. The correlation between Bitcoin and the S&P 500 may be decreasing, according to data from crypto analytics company Read more about Why is Bitcoin's price rising? #BitcoinPrice, #Cryptomarket, #Cryptonewstoday, #FirstRepublicBank, #Regulations

Arbitrum distributes ARB tokens to over 130 decentralized autonomous organizations (DAOs) that participate in its ecosystem and build dApps to increase activity and adoption. DAOs were selected based on their participation in the arbitrum ecosystem. They received almost 113 million ARB, with the most active builders receiving up to $8 million worth of tokens. The distribution of the airdrop to DAOs will be completed today, following test transactions from the arbitrum. TreasureDAO and GMX will receive the most ARB tokens, 8 million each, while SushiSwap and UniSwap will receive over 4 million ARB each. Other recipients include Aave, 1 inch, TridentDAO, and Stargate Finance. TridentDAO has already sold 131,345 ARB tokens for a price of $1.31, making roughly $172,000 from sales. Arbitrum clarified that the allocated tokens are not Read more about Arbitrum Airdrops Almost 113 Million ARB Tokens to 130+ DAOs in Ecosystem #Cryptonewstoday, #Altcoin, #ARB, #Arbitrum, #Bitcoin, #Blockchain, #...

Alphabet, a technology conglomerate, has expanded its Google for Startups Cloud Program to include Web3 firms, such as Alchemy, Aptos, Base, Celo, Flow, Hedera, Nansen, Near, Polygon, Solana, and Thirdweb. Through this program, Google Cloud has two product suites for Web3 startups based on whether firms have raised funding. Pre-seed companies can receive up to $2,000 in Google Cloud credits, while seeded startups can access up to $200,000 in Google Cloud and Firebase usage, along with other benefits. Web3 projects like Aptos, Celo, Flow, HBAR Foundation, Near, and Solana Foundation also provide grants of up to $1 million each in fiat or tokens to such firms. Seeded firms can also access up to $3 million in funding from Polygon Ventures, while the Base Ecosystem Fund will provide priority reviews for entrepreneurs. Additionally, Read more about Google Cloud expands Web3 startup support program with funding and grants #Cryptonewstoday, #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #C...

Chamath Palihapitiya, a Tech billionaire, has a far more cautious outlook on cryptocurrencies today than he had two years ago when he said that bitcoin has replaced gold and forecasted that it will rise to $200,000 in value. In the most recent episode of the All-In podcast, Palihapitiya declared that "crypto is dead in America." Palihapitiya's remark was in response to the report that cryptocurrency exchange Coinbase is now considering a move offshore. The chairman of the U.S. Securities Exchange Commission, Gary Gensler, was singled out for criticism by the speaker: “Crypto is dead in America. I mean now you have Gensler even blaming the banking crisis on crypto — so the United States authorities have firmly pointed their guns at crypto.” Related: Hong Kong will be the new centre of Cryptocurrencies: Kaiko CEO One of t Read more about Is crypto dead in America? #Bitcoin, #ChamathPalihapitiya, #Cryptomarket, #Cryptonewstoday, #Regulations

Following the recent adoption of the cryptocurrency-focused Markets in Crypto Assets Legislation (commonly known as "MiCA") by the European Parliament, more countries have been observed imitating the EU's actions and embracing MiCA. Notably, France is currently the newest nation to join in on the increasing MiCA adoption. The French regulator, L'Autorité des marchés financiers (AMF), stated on Friday that it is considering offering registered enterprises in the area a "Fast Track" path to MiCA compliance. AMF To ‘Fast Track’ MiCA For Registered Firms The regulatory framework for cryptocurrencies in France now divides businesses into two groups. A "simple" registration process is required for all businesses, although a higher level of authorisation is optional and requires more information. Companies will nevertheless be subje Read more about France mulls fast-tracking registered crypto firms to new EU rules #Cryptocurrency, #Cryptomarket, #Cryptone...

OpenAI is facing a new obstacle in its efforts to continue operating in the European Union, as German authorities have initiated an investigation into the company's privacy practices and compliance with the General Data Protection Regulation (GDPR). The inquiry focuses on whether OpenAI has conducted a data protection impact assessment, effectively managing data protection risks, and seeking information on GDPR-related issues. This development is not surprising, as German watchdog groups have previously called for a closer scrutiny of OpenAI. The company's recent release of the GPT-4 model has only increased regulatory scrutiny, with Italy already imposing a ban on OpenAI products. The core concern among European regulators is the training data used to build OpenAI's artificial intelligence models, which individuals cannot opt Read more about OpenAI Faces GDPR Compliance Inquiry in Germany, Adding to Regulatory Scrutiny Across Europe #Cryptonewstoday, #Blockchain, #Cryptocu...

Starting on May 8th, all products and services offered by the cryptocurrency exchange Bybit will require mandatory Know Your Customer (KYC) identity verification. Users who fail to complete the KYC by this date are only able to close existing open positions or orders, return loans, or withdraw funds. New trading activity is restricted. Previously, non-KYC users had a daily withdrawal limit of 20,000 USDT and a monthly withdrawal limit of 100,000 USDT. Bybit assures users that their personal information will be encrypted and protected for privacy and security, and used solely to verify their identity. The new KYC measures will be implemented anywhere from 15 min to 48 h. Bybit cites the need for security and compliance, prevention of illicit activities, and enhanced services and convenience in the case of lost credentials as Read more about Bybit introduced the mandatory KYC verification for all products and services on May 8 #Cryptonewstoday, #Bybit, #BybitKYC, #Cryptocurrency, #Crypto...

On April 20, local media outlet The Korea Herald reported the Bank of Korea (BoK) will be given the right to investigate operators of cryptocurrency-related businesses. While discussions on virtual asset-related laws are currently underway in the National Assembly, it seems that the Bank of Korea, the central bank of Korea, will be given the right to investigate virtual asset operators. In the meantime, the Bank of Korea has been competing with the Financial Services Commission over this, but it was recently confirmed that the Financial Services Commission expressed its position to the National Assembly that it would accept it. The Bank of Korea expressed concerns over financial stability risks from stablecoins and will now be able to request transaction data from crypto exchanges. The Bank of Korea has stated Read more about The Bank of Korea has the right to investigate virtual asset businesses #Cryptocurrency, #Cryptonewstoday, #News, #Regulations, #SEC, #SouthKorea

Hydrogen Technology Corp. and its former CEO will pay $2.8 million in fines and remedies for allegedly operating a price manipulation scheme. A $2.8 million settlement has concluded a seven-month legal battle between the US securities regulator and a company accused of manipulating the price of cryptocurrencies. In a litigation brought by the Securities and Exchange Commission (SEC), a New York District Court Judge decided against Hydrogen Technology Corporation and its former CEO Michael Ross Kane on April 20 and ordered them to pay $2.8 million in remedies and civil penalties. Related: When should I sell cryptocurrency to make a profit? The total includes more than $1 million in fines and around $1.5 million in "disgorged" profits, which are benefits from illegal activity. Michael Kane, the CEO of Hydrogen, also consented Read more about SEC wins $2.8M in a lawsuit #Cryptonewstoday, #Lawsuit, #Regulations, #SEC

The authorities governing Changshu, a Chinese city, stated that, starting May 2023, all civil servants in its jurisdiction will receive their full salaries in digital RMB or digital yuan. This decision applies to civil servants at all levels, including public service, public institution, and state-owned unit personnel. A local hospital staff member confirmed that the workforce would receive payments in the digital yuan from the next month. Employees can also choose to receive a digital yuan settlement through self-service terminals. To boost adoption, several Chinese city governments gave away over 180 million yuan worth of CBDC during the Lunar New Year. Jiangsu Province, where Changshu is located, previously launched a pilot program for the digital RMB in Q1 2023 with the goal of establishing an efficient and convenient Read more about Chinese city public servants to receive digital RMB salaries from May #Cryptonewstoday, #Altcoin, #Blockchain, #Cryptocurrency, #Cryptonewstoday, #Dig...

Blur, a popular NFT marketplace, has resolved a recent bug that has impacted some bids on its platform. The bug affected certain bids placed by users over the past 85 hours, causing some bids to cancel. The marketplace has compensated users who have suffered losses as a result of the bug's impact on the bidding process. The founder of Blur, known as Pacman on Twitter, informed the community about the bug and disabled the bid acceptance functionality while addressing the issue. The bug was fixed and additional safety checks were implemented to prevent similar issues from occurring in the future. The affected bids above the floor at the time were automatically canceled and users were refunded twice the difference between their bid price and the proper top bid at the time. The compensation was successfully processed within 24 hours Read more about Blur Compensates All Users Affected By Recent Bug #Cryptonewstoday, #Altcoin, #Blockchain, #Blur, #Cryptocurrency, #Cryptonewstoday, #News,...

Michael Schumacher's family has said that they will take legal action as a result of a German magazine simulating an interview with the former Formula One racer using artificial intelligence. Since Schumacher's severe brain injury from a skiing accident in 2013, the German magazine Die Aktuelle's April 14 issue promised "the first interview!" with the driver. Even while the magazine did include the phrase "it sounds deceptively real" on the front cover, the article included a number of supposed quotes that were allegedly produced by AI; this information was only exposed at the very end of the article, much to the dismay of many fans. The upcoming legal action comes in the wake of an increasing number of legislative initiatives involving AI as governments and courts struggle with how to handle the quickly evolving Read more about Michael Schumacher’s family to pursue legal action over AI interview #AI, #Cryptonewstoday, #MichaelSchumacher, #Regulations

China and Singapore, two significant Asian economies, have formed a task group to strengthen their bilateral cooperation in green and transition finance. Increasing public-private sector cooperation for a low-carbon future in the area is the goal of the action. The China-Singapore Green Finance Taskforce (GFTF) was announced by the Monetary Authority of Singapore (MAS) and the People's Bank of China (PBC). The team's goal with GFTF is to jointly create a set of financial standards, goods, tools, and definitions that will help reduce carbon footprints. Gillian Tan, the chief sustainability officer and assistant managing director of MAS, says that public-private participants from China and Singapore will work together "on concrete initiatives that will catalyze capital flows to support a credible and inclusive transition to a low Read more about China and Singapore team up to scale green and transition financing #China, #Cryptonewstoday, #Singapore, #TransitionFinancing

Trust Wallet, a cryptocurrency wallet, has revealed that a security vulnerability in their open-source library Wallet Core led to losses of nearly $170,000 for some users. The vulnerability was discovered through their bug bounty program and has since been patched. The affected addresses were created between November 14 and 23, 2022, and approximately 500 vulnerable addresses with a balance of $ 88, 000 remained. Trust Wallet has offered refunds and gas fee assistance to affected users and urged them to move their remaining balance to a new wallet. Developers who used the Wallet Core library in 2022 should implement the latest version. Trust Wallet also notified affected wallet addresses from Binance. A separate attack targeting veterans in the crypto community drained almost $11 million in nonfungible tokens and Read more about How a Trust Wallet Vulnerability Led to Nearly $170,000 Losses for Users #Cryptonewstoday, #Altcoin, #Bitcoin, #Blockchain, #Cryptocurrency, #Cryptomarket, #Cr...

In the first quarter of the year, funding to VC-backed Web3 startups hit its lowest point since the very early days of the space as deal flow continues to slow. According to Crunchbase data, venture capital fell 82% year over year, from $9.1 billion in Q1 2022 to only $1.7 billion. The funding number is also down 30% from the final quarter of last year and is at its lowest level since the fourth quarter of 2020, when Web3 was relatively unknown and only $1.1 billion was raised. Only 333 agreements were finalized in the first quarter, down from 369 the previous quarter and significantly less than the more than 500 announced in Q1 2022. Deal flow also continued to noticeably decline. Since Q4 2020, the total number of transactions has decreased. According to Crunchbase, a large portion of the fall in Web3 investment was Read more about Web3 startup VC financing is down 82% year-on-year, according to Crunchbase #Blockchain, #Cryptonewstoday, #Investment, #Regulations, #Web3

TikTok has developed into a centre for financial advice as its user base grows, especially in the area of cryptocurrency. But according to new studies, a lot of films spread false information or scams. In a recent study, it was shown that more than one out of three TikTok influencers posted false videos on Bitcoin and cryptocurrency investments. 37% of the videos reviewed were considered misleading because they suggested guaranteed returns or promoted certain investments without the necessary disclaimers. Also, 47% of TikTok creators were discovered trying to sell services in order to make a profit. It has also been claimed that popular influencers including Kim Kardashian, Jake Paul, and Soulja Boy promoted cryptocurrency to their devoted followings without reporting money they received. As TikTok becomes increasingly Read more about Almost 40% of TikTok videos about crypto investments are misleading #CryptoScams, #Cryptonewstoday, #JakePaul, #Regulations, #TikTok

Tether recently minted 1 billion USDT tokens, worth $1,000,400,000, on the Ethereum blockchain, with a transaction fee of 0.0132594 ETH or $25.72. Tether's CTO, Paolo Ardoino, explained that the tokens were minted as inventory for future issuances and chain swaps, and had not yet been issued. Tether announced a $700 million profit for Q4 2022, boosting its consolidated assets to around $67.04 billion, with liabilities of $66.08 billion. Ardoino projected that Tether's excess reserve would increase by another $700 million in Q1 2023, bringing it to $1.66 billion, significant growth for the company. Tether's user adoption also seems to be on the rise, with the number of USDT addresses created crossing 30 million for the first time. According to Ardoino, Tether is a safe alternative to failing banks and is the best choice for Read more about Tether's Recent Developments: $1 Billion Token Minting, Profit Announcements, and User Adoption Growth #Cryptonewstoday, #Altcoin, #B...

The venture capital firm reminded the key differences between securities and crypto assets. As the SEC continues its persistent campaign against cryptocurrency, criticisms of the organization are growing. Web3 venture capital firm Paradigm released a policy paper on the issues with SEC registration on April 21. Related: The UK as a Web3 innovation Hub: Coinbase According to the article, Gary Gensler, the chairman of the SEC, "attempt to brute force crypto assets that may not even constitute'securities' into an ill-fitting disclosure framework is bad policy." The company, which spends hundreds of millions of dollars into Web3 and cryptocurrency firms, claimed that the SEC does not give investors and consumers of crypto assets the information they need. Additionally, it refuted the SEC's assertions that it provides crypto Read more about SEC’s ‘brute force’ crypto regulation attempt is ‘bad policy’ according to Paradigm #Cryptonewstoday, #News, #Regulations

Binance announced that users who have staked ETH on the exchange can now withdraw their holdings after a six-day waiting period. The withdrawal process can be executed on the ETH 2.0 staking page on the Binance website, and ETH 2.0 stakes can redeem their ETH at a 1:1 ratio using their BETH holdings. Once a withdrawal request has been submitted, it cannot be reversed, and the process may take up to several weeks, depending on the amount of ETH withdrawals requested by users and activities on the Ethereum network. Users will receive information about the estimated distribution date for their redeemed ETH before confirming their withdrawal requests, and this information will be available in the Staking History section of their accounts. Binance will lock the BETH involved in the withdrawal process throughout the waiting period, and Read more about Binance Allows ETH 2.0 Stakers to Withdraw Holdings After Six-Day Waiting Period #Cryptonewstoday, #Cryptocurrency, #Cryptomarket, #Cryptonews...

Tesla has not made any changes to its Bitcoin holdings in Q1, keeping 11,950 BTC, which is equivalent to approximately $345 million. This marks the third consecutive quarter, when the company has not bought or sold any BTC. In Q2 2022, Tesla sold 75% of its BTC holdings, worth $936 million, to meet unexpected expenses resulting from record production costs in China due to the COVID-19 lockdowns. However, Musk clarified that he did not sell his crypto holdings, which included Ethereum and Dogecoin. Tesla made headlines in early 2021 by purchasing $1.5 billion worth of BTC and accepting BTC payments for its vehicles, but later suspended this payment method because of environmental concerns. Musk indicated that a company could resume accepting BTC payments once there is evidence that at least 50% of Bitcoin mining is powered by Read more about Tesla Holds Bitcoin Holdings Steady in Q1 2023 #Cryptonewstoday, #Bitcoin, #BTC, #Cryptocurrency, #Cryptomarket, #Cryptonewstoday, #ElonMusk, #ETH,...

Voyager Digital Holdings has reached an agreement with the US government that advances a $1 billion plan that will allow Voyager to sell its assets to Binance's US division. Voyager, the Official Committee of Unsecured Creditors, and the U.S. government concurred in a filing made on April 19 in a New York District Court that the arrangement for Binance to buy Voyager's digital assets could proceed as planned. According to the document, the government may continue to pursue an appeal of the provisions that, in its view, shield Voyager from particular legal liabilities. Previously the deal with Binance.US was temporarily halted by a federal judge after a request by the United States government for an emergency stay. sourse Read more about Voyager's $1B deal with Binance #Binance, #Cryptonewstoday, #Regulations, #Voyager

On Wednesday, Elon Musk, the CEO of Twitter, threatened legal action against Microsoft, claiming the software giant had improperly used the social media company's data to train its artificial intelligence model. In reaction to a post stating that Microsoft would stop supporting Twitter on April 25 across its online social advertising tools, Smart Campaigns and Multi-platform, Musk tweeted that it was "lawsuit time." Related:Elon Musk states that AI has the ability to destroy  civilization The Twitter boss alleged Microsoft “trained illegally using Twitter data,” implying the firm mined user tweets to help train its AI-powered applications. Musk tweeted: “They trained illegally using Twitter data. Lawsuit time.” The latest evidence that data ownership is evolving into a contentious conflict in the push for gene Read more about Elon Musk threatens to sue Microsoft over using Twitter data for its A.I. #ChatGPT, #Cryptonewstoday, #ElonMusk, #Microsoft, #Twitter

The Bank of England and the Bank for International Settlements (BIS) Innovation Hub London Center collaborated on a pilot project called Project Meridian, which tested a settlement system powered by distributed ledger technology (DLT) between the two institutions. The project involved purchasing houses in Wales and England through a synchronization network using DLT, and insights gained from the project were incorporated into the Bank of England's real-time gross settlement (RTGS) system. The project aims to provide a settlement system for central bank digital currencies (CBDC), with potential benefits for central banks in terms of innovation and new payment infrastructure. However, there are concerns about identity verification, restricted operating hours, and legal questions related to settlement irrevocability, asset ownership, Read more about Bank of England and the BIS test blockchain settlement system for CBDCs in Project Meridian pilot project. #Cryptonewstoday, #Altcoin, #B...

Nuvei Corp., a global payment technology company, successfully bounced back from the allegations made by Spruce Point Capital Management, an investment management firm based in New York. Spruce Point claimed that Nuvei faced a long-term downside risk of 35% to 50%, which caused Nuvei's share to drop by approximately 2%. However, Nuvei's recovery can be attributed to the recent announcement by Hollywood Star Ryan Reynolds, who is now an active investor in the company. Reynolds praised Nuvei's leadership team, stating that they are intelligent and hard-working. After the announcement, Nuvei's share, which previously fell by almost 6%, rose by 1%. Nuvei's CEO Phil Fayer welcomed Reynolds into the company and expressed enthusiasm for his involvement. Although this was the second time Nuvei faced losses due to allegations by Spruce Read more about Nuvei Bounces Back: Hollywood Star Ryan Reynolds Invests in the Global Payments Technology Company #Cryptonewstoday, #Altcoin...

The virtual reality (VR) app Horizon Worlds, which was previously only available to adults aged 18 and over, is now accessible to teens from the United States and Canada thanks to Big Tech company Meta. The decision was made after Horizon Worlds, according to the data website Statista, recorded an average of just 280,000 monthly active users in 2022 much below the 500,000 it had aimed for. Various advocacy organizations and safety groups have urged Meta CEO Mark Zuckerberg to halt plans to allow minors into its metaverse. An April 14 open letter argued that Meta should wait for more peer-reviewed research on the potential risks of allowing youths in the metaverse. sourse Read more about Meta makes Horizon Worlds available to teenagers #Cryptonewstoday, #MarkZuckerberg, #Meta, #Metaverse, #VR

There have been 38,001 digital nonfungible tokens (NFTs) trading cards using the image of former US President Donald Trump released on Polygon (MATIC). The collection was introduced on April 18 for a price of $99 each. According to data from NFT marketplace OpenSea, it now has a floor price of 0.0659 ETH ($145) and has generated a volume of 592 Ether (ETH), or more than $1.2 million. Related:Trump Earned Up to $1 Million from NFT Sales The initial subscription provided an extra $3.76 million in revenue based on a sale price of $99, while the sales have generated over $100,000 based on the creator fee of 10%. Related:Discover how to create NFT in just 6 easiest steps! Posting to Instagram, Trump suggested that he kept the price the same as it was for the first series “because I want my fans & supporters to make money, Read more about Trump drops more NFTs ahead of presidential run #Cryptonewstoday, #DonaldTrump, #NFT, #Opensea, #PresidentialRun

Intel, a prominent US-based technology company, is reportedly planning to discontinue its line of Blockscale Bitcoin mining chips as part of its cost-cutting efforts. According to a report on April 18th, Intel will cease taking orders for the Blockscale 1000 Series ASICs by October 20th, and shipping will end by April 2024. This move is part of a strategy to prioritize the manufacturing of certain chips for external customers and reduce overall costs. Blockscale mining chips were launched in April 2022, with mining companies such as Argo Blockchain, Block, Hive Blockchain Technologies, and GRIID Infrastructure among the first to integrate the technology into their operations. Intel CEO Pat Gelsinger reported a 25% pay cut in February, with the company projecting annual cost reductions of up to $10 billion through cost-cutting Read more about Intel decided to discontinue the production of chips intended for use in Bitcoin mining. #Cryptonewstoday, #Altcoin, #Bitcoin, #Blockchain, #Crypt...