Despite a global crackdown on crypto assets, demand for tether (USDT) has been robust in Turkey since early May. The Turkish lira has performed significantly worse than the big cryptocurrencies, a recent report from Bloomberg notes. Longtime Turkish President Recep Tayyip Erdogan was reelected. Moreover, the country’s national fiat currency
a16z crypto, the cryptocurrency investment arm of the VC firm Andreessen Horowitz, has announced the launch of its first international office in London, less than a week after U.S. authorities took their most drastic actions to date against the digital assets market. The firm said that the United Kingdom has
When a federal court in Wyoming rejected requests to dismiss filed by the Federal Reserve and the Federal Reserve Bank of Kansas City, Custodia Bank gained ground in its legal struggle against the Fed. In June of 2022, the digital asset bank filed a lawsuit against the Federal Reserve over
After being silent for some time, the Solana Foundation has commented on the SEC’s recent decision to classify Solana (SOL) and other cryptocurrencies as securities. The company expressed its disagreement with the market regulator in a recent post it tweeted. The Solana Foundation issued a statement saying it appreciates lawmakers’
After a brief interruption in minting activity via its technological partner Prime Trust, the stablecoin TrueUSD (TUSD) lost its dollar peg in the early hours of June 10. At its lowest in the last 24 hours, the market price of the fifth most valuable stablecoin by capitalization was $0.9958. Its
Ethereum (ETH) has established itself as a prominent player, captivating investors and enthusiasts alike. Glassnode Alerts, a leading data analytics platform, recently reported that the number of profitable ETH addresses had reached a one-month low. However, Ethereum’s price has experienced a modest 1.14% increase amidst this decline, currently trading at
Senator Cynthia Lummis of the United States made headlines when she turned to Twitter to promote her efforts to create a legislative framework. That would allow people and businesses to own and trade digital assets inside the United States. Lummis has been collaborating with Senator Kirsten Gillibrand on a new
Staking in Terra Luna Classic (LUNC) has achieved a new record high of 1 trillion. Since last year, when a team of developers lead by professor Edward Kim introduced staking to Terra Classic, the community has been patiently waiting for this momentous accomplishment. Around a trillion LUNC, or roughly $100
While on a recent trip to India, Sam Altman, CEO of OpenAI, was questioned by Indian company leaders about how they can create ground-breaking models like ChatGPT on a tight budget. The response from Sam was “it’s pretty hopeless.” As Sam seemed to entirely disregard the concept of Indian corporations
Sam Altman, CEO of OpenAI, has said that China should take the lead in formulating artificial intelligence rules to guarantee the security of game-changing new technologies. According to Bloomberg, Sam Altman, who has become the face of contemporary AI because of ChatGPT’s success, is in favor of China taking the
