This time it’s the Hong Kong Office of the Privacy Commissioner for Personal Data (PCPD) that is putting the brakes on Sam Altman’s iris-scanning startup Worldcoin (WLD). A recent development is that Worldcoin was found to have breached the privacy ordinance as per the Privacy Commissioner Chung Lai-ling. Consequently, they
May 22, 2024 1 min read
The minutes from last week’s Federal Reserve meeting and Nvidia’s massive earnings release will be the economic highlights. Markets might be somewhat swayed by news on consumer inflation predictions and global manufacturing and services indices. A first occurred last week when the DJIA, the U.S. stock market index, surpassed the
May 20, 2024 2 mins read
The average weekly number of new Bitcoin addresses approached its greatest levels since its all-time high in December 2017, six months ago, due to enthusiasm over spot Bitcoin ETFs, innovations in the Bitcoin ecosystem like Ordinals, and the imminent halving. The enthusiasm around new Bitcoin projects has waned, and the
May 20, 2024 2 mins read
Charles Hoskinson, founder of Cardano, has once more brought attention to two blockchain characteristics that have the potential to expand the global financial operating system (OS). Hoskinson’s post on X was in reaction to one made by Dedium, a Cardano-based decentralized GPU computing network. As an example of “the beauty
May 20, 2024 2 mins read
The Venezuelan government has stated its intention to detach cryptocurrency mining farms from the power grid in order to control the country’s excessive energy consumption and guarantee a steady supply of electricity to its residents. In an effort to combat corruption, the government recently confiscated 2,000 crypto mining devices, prompting
May 19, 2024 2 mins read
Bloomberg’s senior ETF analyst Eric Balchunas claims that the withdrawals from spot bitcoin ETFs last month were compensated for by the inflows in May. Balchunas stated: “The bitcoin ETFs have put together a solid two weeks with $1.3 billion in inflows, which offsets the entirety of the negative flows in
May 18, 2024 2 mins read
The bankruptcy court has given the go-ahead for Genesis Global, a cryptocurrency lender, to repay its creditors with over $3 billion worth of cash and crypto. Digital Currency Group (DCG), the parent firm, will not be able to recover from its bankruptcy as a result of this ruling. On May
May 18, 2024 2 mins read
Nearly 1,000 U.S. corporations have purchased Bitcoin exchange-traded funds (ETFs), contributing to Bitcoin’s surge in volumes among its new institutional investment products. Daily spot Bitcoin volumes surpassed $5 billion, according to data published to X on May 16 by research company Santiment. Since Bitcoin reached a record high of $73,800,
May 17, 2024 1 min read
droppGroup, a pioneer in harmonizing blockchain technology and artificial intelligence, has announced the launch of droppLink, an intelligent service platform that has the potential to revolutionize AI management and development across many blockchains. The droppLink architecture gives consumers ownership and control over data contributions, democratizes micropayments, and abstracts computing needs. Computational Resource Patrons (CRPs)
May 17, 2024 2 mins read
After the FLOKI DAO approved a major token burn proposal, the meme coin FLOKI saw a large spike of around 6% today. The FLOKI community is filled with confidence due to this event and other recent large listings and exchange integrations, which might mean that FLOKI’s rising trend will likely
May 16, 2024 1 min read
