Two Republican lawmakers from Texas, senator Bryan Hughes and representative Mark Dorazio, have introduced legislation to create a gold-backed digital currency that could be enacted by the state legislature. The policymakers believe that this currency could greatly benefit the Lone Star State and, as an alternative digital currency, it could provide Texas residents with the ability to circumvent a central…
Crypto miner Sphere 3D has filed a lawsuit against its partner Gryphon Digital Mining after an allegedly spoofing attack led to the irregular transfer of Bitcoin (BTC), according to court documents on April 7. “Today we filed litigation against Gryphon, the custodial management services provider of our blockchain and cryptocurrency-related services, for materially breaching the Master Services Agreement (“MSA”) we…
China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September, and at the end of March, Saudi Arabia’s Cabinet approved the decision to become a dialogue partner. The Cabinet’s decision followed Saudi Arabia’s resumption of…
press release PRESS RELEASE. RenQ Finance has recently announced the launch of the fourth stage of its fundraising plan on its official website, following the successful completion of stage 3. The project has already raised a total of $5 million in a short period of time since its launch. The latest update reveals that the Stage 4 fundraising has reached…
The United States arm of global crypto exchange Binance has been facing challenges in establishing a new bank partner to serve as a fiat on-ramp and off-ramps for its clients in the country, according to a Wall Street Journal report on April 8. The recent failures of Silvergate and Signature Bank left Binance.US without banking services, depending on middleman’s banks…
Sales of non-fungible tokens (NFTs) increased this week, with $179.64 million in sales over the last seven days. NFT sales rose 7.28% and transactions grew by 2.29% during this period, but the number of digital collectible buyers decreased by 4.34%. NFT Sales Improve This Week, Rising 7.28% Higher Sales of non-fungible tokens (NFTs) have trended higher this week, increasing by…
Ethereum’s Ether (ETH) token dropped by over 7.5% in its Bitcoin (BTC) pair in 2023. But ETH/BTC may wipe its year-to-date (YTD) losses entirely in April as Ethereum’s long-awaited Shanghai hard fork is just days away. The upgrade is set for April 12, enabling Ethereum stakers to withdraw around 1.1 billion ETH in rewards — worth over $2 billion as of…
Digital arts are always searching for new prompts to generate the next big thing in AI art. A new feature on the generative AI design site Midjourney—called Describe—lets creators upload a picture as the basis for their art projects. Launched this week, it aims to take the guesswork out of generating photos and art. Describe works like any other Midjourney…
Last week, Metaverse Fashion Week took its second-ever strut down the virtual runway, a year after debuting in the thick of 2022’s metaverse frenzy. A lot can change in a year. The event, hosted primarily in metaverse gaming platform Decentraland, saw a massive drop in attendance on its second run. By Decentraland’s own admission, Metaverse Fashion Week (MFW) unique visitors…
Cardano rose for a second straight session to start the weekend, as the token continued to move away from a key price floor. Cryptocurrency markets were marginally higher in today’s session, with the global market up 0.56% as of writing. Solana continued to consolidate on Saturday. Cardano (ADA) Cardano (ADA) rose for a second consecutive session, as the token moved…
