The annual inflation rate in China has unexpectedly slowed down in March to its lowest level in a year and a half, the latest statistical data indicates. On a monthly basis, consumer prices decreased for a second consecutive month, despite estimates suggesting they will remain unchanged. Post Zero-Covid Policy Inflation in China Eases Further China’s annual inflation rate fell to…
While regulators and policymakers dither and try to decide if cryptocurrencies have a future in the economy, early adopters, including terrorists and violent extremists, are exploiting a law enforcement blind spot. The ease by which money laundering and terrorism financing take place with cryptocurrencies and the more dangerous privacy coins are becoming a security threat of our own making through bureaucratic…
The debtors behind bankrupt cryptocurrency mining firm Core Scientific filed a motion for the approval of hiring a permanent president. In an April 10 filing with United States Bankruptcy Court for the Southern District of Texas, Core Scientific said it was addressing “a gap in the Debtors’ management team” prior to the firm filing for bankruptcy in December 2022. The…
A recent spate of applications built on OpenAI’s GPT-4 API has the crypto community buzzing with designs toward the development of a fully-autonomous, self-correcting cryptocurrency trading bot. AutoGPT set to 100 runs. Goal: amalgamate best indicators for Crypto trading in Pine code. Result looping errors. Scavenged through output, found enough bits for GPT4 to give me strategy Pine code. 4hr…
After a year of quiet, the well-funded Bitcoin tech infrastructure company Lightspark, founded in 2022, has unveiled a platform for Bitcoin’s Lightning Network aimed at onboarding businesses to the network. Lightspark is led by former Paypal president and entrepreneur David Marcus, who co-created Diem, a Facebook cryptocurrency product that failed to take flight after arousing the suspicions of US regulators.…
The singleness of money is the assurance that public and private money trade at the same rates. Even small differences between public and private money rates can have a ripple effect across transactions. A Bank of International Settlements (BIS) working paper compared models of private tokenized money in terms of their singleness as a complement to a central bank digital…
Digital asset exchange “Bitfinex Securities El Salvador” has received a digital asset service provider license under El Salvador’s new Digital Assets Issuance Law, which was passed by El Salvador’s National Congress in January 2023, with the goal of fostering increased financial innovation and growth in the Central American country. According to the announcement, the license, which was granted on April…
Financial modeling platform Gauntlet has been awarded a grant from Uniswap Foundation to improve DAO incentive mechanisms, according to an announcement from Gauntlet. Very excited to announce our engagement with @gauntletnetwork and their new Applied Research Group! Gauntlet will be focused on designing and specifying incentive programs to benefit the Uniswap Protocol. https://t.co/RjzV02hFhf — Uniswap Foundation (@UniswapFND) April 11, 2023…
Even as Bitcoin surges to levels not seen in months, HODLing will never go out of style. More than half of the coins in existence have not moved in over two years, according to recent figures—a new all-time high. Blockchain data firm Glassnode told Decrypt that the amount of Bitcoin which last moved more than two years ago currently stands…
The U.S. state of Wyoming has requested to intervene in the case between Custodia Bank and the Federal Reserve System, seeking to defend its framework allowing certain crypto firms to qualify as state-chartered banks. In an April 10 court filing, Wyoming Attorney General Bridget Hill filed a motion to “intervene in the defense” of the state’s regulation of Special Purpose…
