Despite the potential advantages connected with central bank digital currencies (CBDCs), the UK government should carefully assess and endeavor to minimize any risks linked with the establishment and possible adoption of the so-called digital pound. This is especially important “in relation to financial stability, privacy, and security risks,” according to
June 6, 2023 1 min read
Illuvium, an Ethereum blockchain video game developer, and GameStop, a video game and consumer electronics company, announced on June 5 that they will be working together to release a collection of 20,000 non-fungible tokens (NFTs) on June 12. Developers claim that each “Illuvitars” NFT is a “dynamic collectible work of
June 6, 2023 1 min read
Online interest in “crypto” and other commonly used cryptocurrency keywords has slumped to late 2020 levels, after a two-month slowdown in cryptocurrency excitement. The phrase “crypto” presently has a score of 17 on Google Trends, which is much lower than the reference point of 100 in May 2021. Both Bitcoin
June 5, 2023 1 min read
Users on Twitter have reported losing their entire cryptocurrency holdings after using Atomic Wallet, suggesting that the wallet has been compromised. Since Atomic is a non-custodial decentralized wallet, its users bear full responsibility for their funds. Atomic’s team on Twitter stated: “We have received reports of wallets being compromised. We
June 4, 2023 1 min read
Microsoft has inked a contract with CoreWeave, a cloud computing infrastructure provider and former Ethereum miner. This is to power Microsoft’s AI-driven services. CNBC reported on June 1 that, based on information from “people with knowledge of the matter,” Microsoft might spend billions of dollars on the transaction with CoreWeave
June 4, 2023 1 min read
On Friday, Justin Sun announced on Twitter that TRON’s TRX cryptocurrency is now live on the Ethereum blockchain. This was possible through the BitTorrent bridge. TRON’s TRX has gained about 12% in the previous 24 hours, and is now trading at $0.08522. With the BitTorrent Bridge in place. Assets might
June 3, 2023 1 min read
Senior Republicans in the United States House of Representatives have filed a new legislative draft. It seeks to reclassify digital tokens from securities to commodities. This is a major attempt to solve the regulatory difficulties surrounding digital assets. The proposal was made by the leaders of the House Financial Services
June 3, 2023 2 mins read
On June 2, Twitter was inundated with user complaints about a “scam” crypto airdrop that seemed to have been promoted via the account of Mira Murati, CTO of artificial intelligence business OpenAI. Murati’s account seemed to tweet a phishing link advertising an airdrop of an ERC-20 token, which was shown
June 2, 2023 1 min read
Today, the Monetary Authority of Singapore (MAS) granted Crypto.com its Major Payment Institution (MPI) licence for the provision of Digital Payment Token (DPT) services. This statement comes after MAS granted Crypto.com its in-principle clearance in June 2022. With the help of this licence, Crypto.com may keep offering consumers in Singapore
June 1, 2023 2 mins read
Tenet, a layer-1 ecosystem that is working to broaden the applications of liquid staking derivatives (LSD), has formed a strategic alliance with LayerZero, a top omnichain interoperability protocol that is now valued at over $3 billion. As a result of the cooperation, the LayerZero omnichain architecture will be used by Tenet,
May 30, 2023 2 mins read
