Despite other crypto companies having mixed results in its deployment. Elliptic, a cryptocurrency risk management business, has incorporated ChatGPT to increase its efficiency in spotting crypto risks. Elliptic offers crypto customers risk ratings for their purchases, wallets, and exchanges. Human researchers work with a private dataset including “over a decade’s
June 4, 2023 2 mins read
On Saturday, US Senator Elizabeth Warren hinted at the prospect of presenting a measure to prohibit loopholes in the cryptocurrency business. After her recent accusation that cryptocurrency payments were implicated in the Chinese fentanyl trade. According to previous reports, Warren has provided evidence from her own study that supports assertions
June 4, 2023 2 mins read
Peter Schiff, a vocal critic of cryptocurrencies and supporter of gold, had his account hacked and used to promote what looks to be a fraudulent gold coin scheme. Peter Schiff’s son, Spencer, warned his father’s followers that the URL in the Tweet is “most certainly” hacked. Spencer has a more
June 3, 2023 1 min read
The unemployment rate in the United States rose to 3.7% in May, according to the latest figures from the Bureau of Labor Statistics (BLS). In addition, there were an additional 339,000 nonfarm payroll employment created for the economy last month. The increase this month is a 0.3% growth, bringing the
June 3, 2023 1 min read
Silvergate Bank, renowned for its crypto-friendly attitude, has agreed to submit a self-liquidation plan with California banking authorities within 10 days, marking a major breakthrough for the cryptocurrency sector. In light of the Federal Reserve Board’s consent decree against Silvergate Capital Corporation and Silvergate Bank, released on March 8, 2023.
June 2, 2023 1 min read
Avalanche (AVAX), a popular blockchain platform, has hit a major milestone with one million Monthly Active Users (MAU). This comes approximately a week after launching its unique cloud computing offering, AvaCloud Platform. Interestingly, Avalanche’s developer, Ava Labs, attributes much of the recent success to the introduction of AvaCloud. The AvaCloud
June 2, 2023 2 mins read
The next-generation cryptocurrency exchange MaskEX is on a recruiting rampage to support its ambitious aspirations for international development, notably in the MENA, CIS, and SEA areas. Before the end of Q3, the business plans to increase its worldwide workforce by an outstanding 300%, going from its present headcount of 100
June 1, 2023 2 mins read
Binance CEO Changpeng Zhao (CZ) addressed rumors of layoffs at the cryptocurrency exchange. In response to the speculation about layoffs, CZ labelled it as “4” and said, “another day, another FUD.” According to independent crypto reporter Colin Wu, next month will see 20% of staff cuts at the world’s largest
June 1, 2023 2 mins read
The National Police Agency of South Korea is working on a technology to permit real-time surveillance of wallet addresses and the ability to freeze funds. The police department will meet with Binance and the top five cryptocurrency exchanges in South Korea to discuss these initiatives. Since South Korea is the
May 30, 2023 1 min read
Russia has spent a lot of time developing its cryptocurrency policy at home. Russian Finance Minister Anton Siluanov mentioned a new payment system earlier in April. The new payment mechanism will include cryptocurrency. Izvestiya, a Russian news outlet, reports that the government has abandoned plans to launch a cryptocurrency exchange.
May 30, 2023 1 min read