Riot, a Bitcoin mining firm, claimed today that its monthly output hit a record 740 BTC in January. Despite a decrease in its fleet of mining equipment and hash rate capability. This is a 12 percent rise from the 659 BTC produced in December 2022. And a 62 percent increase
February 6, 2023 1 min read
The new head of the BIS Innovation Hub Cecilia Skingsley remarked on Monday that central bank digital currency (CBDC) would never have complete interconnectivity owing to cross-border limits. Despite the instability in the crypto business last year, such as the bankruptcy of the FTX crypto exchange. Skingsley notes the rebound
February 6, 2023 1 min read
Binance, the biggest cryptocurrency exchange, and the Agency for Innovation and Technology of Georgia (GITA) have signed a memorandum of understanding. The two groups want to collaborate on blockchain-related educational and community projects. As well as the growth of the cryptocurrency industry in the country as a whole. CEO of
February 5, 2023 2 mins read
According to a report released by the National Bank of Kazakhstan (NBK) and Binance on February 3, the NBK has begun testing a digital tenge pilot project. Central Asia and the Commonwealth of Independent States were the focus of this research as it examined worldwide approaches to digital asset legislation,
February 4, 2023 1 min read
Artificial Intelligence is the latest buzz in almost all sectors. With tech giants like Google and Microsoft investing millions of dollars in startups focusing on AI. The crypto sector won’t stay far away either. On Saturday, Justin Sun, Tron’s creator, announced plans for a decentralized payment structure built on the
February 4, 2023 2 mins read
Former Mastercard non-fungible token (NFT) product head Satvik Sethi resigned on Thursday. Sethi said that he was harassed and upset by the company’s management. The salary was withheld by Mastercard, he said, and his job contract was disregarded. In addition, he was no longer allowed to use online accounts. Sethi
February 3, 2023 1 min read
Binance has purchased a controlling stake in the cryptocurrency exchange GOPAX in South Korea. The purchase was made possible by the “Industry Recovery Initiative,” an initiative spearheaded by Binance. By purchasing GOPAX, one of the top five crypto exchanges in South Korea, Binance is making a comeback to the country’s
February 3, 2023 2 mins read
One of Japan’s major companies, Toyota Motor Corporation, is sponsoring its first-ever global Web3 hackathon. To create Web3 use cases for Toyota’s workforce, it has selected Astar Network, the smart contract platform for multichain. This online hackathon is the first stage in a process that Toyota is hoping Web3 would
February 1, 2023 3 mins read
Launching on an Avalanche Subnet, the decentralized cryptocurrency exchange Dexalot represents a new breakthrough in the development of decentralized trading protocols. Without sacrificing decentralization and transparency, the Dexalot Subnet seeks to imitate the user experience of a CEX. Using the Avalanche Fuji test network, its team has spent months developing
February 1, 2023 2 mins read
Osprey Funds, a digital asset manager, has sued Grayscale Investments, the operator of the biggest Bitcoin trust, in a U.S. court. Alleging that Grayscale Investments lied about the trust’s potential to convert into an exchange-traded fund (ETF). In court filings filed in Connecticut Superior Court. Osprey, which manages a competing
January 31, 2023 1 min read