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
Binance, the leading cryptocurrency exchange, has successfully integrated Tether (USDT) on the Arbitrum One and Optimism networks. This integration aims to provide Binance users with faster and more cost-effective transactions, which ultimately enhances trading efficiency. Deposits for USDT are now open on both networks. #Binance completes the integration of Tether
CleanSpark, a Bitcoin mining company, has invested $40.5 million in 12,500 new ASICs to increase its fleet size. The mining company’s overall hash rate is expected to increase to more than 16 EH/s as a result of the new hardware. Moreover, CleanSpark said on Thursday that the cost per terahash
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.
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
In a speech on Thursday, European Central Bank President Christine Lagarde indicated that additional interest rate rises were likely throughout the continent since it is not yet clear that core inflation in the eurozone has peaked. In a lecture given Thursday in Hanover, Germany, Lagarde said, “There is no clear
Cowen Digital, the cryptocurrency division of American independent investment bank TD Cowen, has been shut down a little over a year after its establishment, for reasons that have not been made known. In March 2022, the international bank established Cowen Digital to provide institutional customers access to the cryptocurrency market
As AI spreads its wings across various domains, the crypto industry finds itself increasingly under its watchful gaze. Two artificial intelligence enthusiasts have developed an AI chatbot called “Talk2Satoshi” that seeks to recreate the experience of conversing with Bitcoin’s creator, Satoshi Nakamoto. “Talk2Satoshi” is based on OpenAI’s ChatGPT model and
The Nansen Research team that analyses blockchain data is being reduced in size by 30%. In the last year, layoffs have affected almost every crypto company. As a result of this recent action, Nansen has joined the ranks of other businesses that have reduced headcount as a result of the
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
