In order to settle interbank dollar transactions, American multinational financial behemoth JPMorgan Chase & Co. has teamed with six Indian banks to build a blockchain-based platform. The move is part of the Indian government’s strategy to elevate GIFT City, the Gujarat International Finance Tec-City, to a level where it can
June 5, 2023 2 mins read
Uniswap Labs CEO and protocol developer Hayden Adams recently went to Twitter to express his dismay over the presence of a fake Uniswap website. Adams tweeted his astonishment at the hoax’s level of complexity, noting the effort and time that went into its creation. He continued by saying that the
June 4, 2023 1 min read
A late birthday present was given to John Deaton on Saturday, who represents over 76,000 XRP token holders in the litigation between Ripple and the U.S. Securities and Exchange Commission (SEC). Hackers gained access to Deaton’s Twitter account and pushed a cryptocurrency with an almost nonexistent market cap called $LAW
June 4, 2023 2 mins read
Binance CEO Changpeng Zhao (CZ) recently had a “ask me anything” session in which he answered questions about his day, the future of Web3 in Dubai, and Binance’s plans. Binance, the largest cryptocurrency exchange in the world, has no interest in or plans to enter the cryptocurrency mining industry. The
June 3, 2023 2 mins read
Mitsubishi UFJ Financial Group (MUFG), the biggest financial institution in Japan, has announced that it would utilize the Progmat Coin platform to produce locally backed stablecoins across public blockchains. Ethereum, Avalanche, Cosmos, and Polygon will all be used to issue stablecoins. Progmat Coin, it was said, is built to work
June 3, 2023 1 min read
After being alerted by the country’s local privacy agency about ChatGPT’s data harvesting tactics, Japanese officials have begun tightening their attitude against artificial intelligence (AI). In a statement released on June 2nd, Japan’s Personal Information Protection Commission requested that OpenAI reduce the amount of sensitive data it gathers for machine
June 2, 2023 1 min read
The Commodity Futures Trading Commission (CFTC) has proposed new regulations for risk management to account for the potential impact of “evolving technologies” like cryptocurrency and AI. Commissioner Goldsmith Romero stated on Thursday that as a result of the emergence of distributed ledger networks, various sectors have started adopting or exploring
June 2, 2023 2 mins read
Polygon (MATIC), the leading Layer-2 scaling platform for Ethereum (ETH), has announced a cooperation with German telecom major Deutsche Telekom. Deutsche Telekom has joined the Polygon Proof-of-Stake (PoS) network as one of 100 validators thanks to the agreement between the two companies. While the telecoms platform investigates the full potential
May 31, 2023 1 min read
The Anoma Foundation, a nonprofit pioneering blockchain technology, is happy to announce the conclusion of a $25 million funding round. The third round of funding for The Foundation, which is co-led by well-known blockchain VC Company CMCC Global, marks the beginning of the race to commercialize the third generation of
May 31, 2023 2 mins read
Tether, the firm behind the USDT stablecoin, has announced a new, substantial commitment to support Bitcoin, after its prior disclosure that it would be purchasing Bitcoin with profit. Tether has now launched Tether Energy in Uruguay. Where they want to invest in the sustainable generation of electricity and the mining
May 30, 2023 1 min read