As the intersection of artificial intelligence (AI) and blockchain technology continues to evolve, Binance Labs has made significant investments in AI-focused startups. These strategic moves align with Binance’s commitment to fostering innovation and sustainable business practices in the rapidly growing Web3 ecosystem. On August 14, 2024, Binance Labs announced its
August 26, 2024 2 mins read
The Shiba Inu (SHIB) cryptocurrency project plans to launch a Decentralized Autonomous Organization (DAO). It is initiated to empower SHIB holders to participate in the project’s governance. Lucie, marketing lead at the memecoin project, announced the plans for launching DAO on Aug 25 in an X post. The DAO aims
August 26, 2024 2 mins read
Prominent on-chain analyst Ali Chart tweeted an optimistic forecast for Solana (SOL). His chart suggests that Solana is forming a bullish Adam & Eve pattern, which might portend a significant price gain. According to Ali, the cryptocurrency price can surge by almost 33%, reaching $220, if SOL manages to surpass
August 25, 2024 1 min read
A recent research from JPMorgan states that Bitcoin miners are finding it difficult to maintain profit due to the April halving of the Bitcoin network and increasing power prices. According to a report written by analysts Reginald Smith and Charles Pearce, the Q2 of 2023 was a historic quarter for
August 24, 2024 2 mins read
The most powerful indication of Fed rate reduction came from US Federal Reserve Chair Jerome Powell during his Friday address in Jackson Hole. Following the recent publication of the FOMC Minutes, the stock and cryptocurrency markets were already in a bullish mood. But Powell’s statement that “The time has come
August 23, 2024 2 mins read
Mike Carson, the founder of the Bitcoin-based naming project Spaces Protocol, argues on the recent DNS attack on Squarespace. He highlights the need for decentralized domains on the blockchain. On July 11, 2024, over 100 crypto projects were affected by an attack on the Squarespace DNS registry, leading to phishing
August 23, 2024 2 mins read
Australia’s Federal Court ASIC, delivered a ruling against Bit Trade Pty today. Bit Trade Pty is the operator of the Kraken cryptocurrency exchange in Australia. According to ASIC, Bit Trade failed to meet the legal requirements for its margin trading product. In September 2023, ASIC initiated legal proceedings against Bit
August 23, 2024 2 mins read
El Salvador, under the leadership of President Nayib Bukele, has continued to make changes in the crypto world with its commitment to Bitcoin. Since November 2022, the country has been purchasing one BTC every day as part of its “1 Bitcoin a Day” program. This initiative will continue until Bitcoin
August 23, 2024 2 mins read
Holders of PayPal’s dollar-pegged PYUSD stablecoin will be eligible for an interest rewards program. Which is an advancement in the company’s stablecoin effort. The next stage in PayPal’s strategy to increase the use of its stablecoin is this program. This is a collaboration with Anchorage Digital. In a partnership with
August 23, 2024 2 mins read
Withdrawal fees for 22 different cryptocurrencies have been lowered by Upbit, a crypto exchange based in South Korea. Among them are well-known tokens such as Shiba Inu (SHIB) and Ethereum (ETH). Starting on August 23, 2024, at 1 a.m. ET or 2:00 p.m. KST, this change will take effect. Recent
August 23, 2024 1 min read