Tether (USDT) has emerged as a clear winner amid the ongoing banking crisis and crypto crackdown in the U.S. On April 17, the U.S. dollar-pegged stablecoin’s circulating market valuation reached nearly $81 billion, just 1.5% below its record high of $82.29 billion from a year ago. It has grown about 20% year-to-date (YTD) already and is now eyeing new all-time…
A group of lawmakers working on the European Union’s approach to artificial intelligence has called for the creation of global “governing principles” for the burgeoning technology, in response to fears about the pace of its development. A dozen members of the European Parliament signed a letter calling for U.S. President Joe Biden and European Commission President Ursula von der Leyen…
Bitcoin (BTC) headed lower into the April 17 Wall Street open as downside began liquidating longs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price tipped for break below $29,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD wicking to $29,247 on Bitstamp — its lowest in a week. Gains for Asian stocks failed to rescue the losses on…
The importance of building communities cannot be underestimated in the rapidly changing art world, driven by technology and the explosion of nonfungible tokens (NFTs) in the last two years. An audience is a social media following, but a community is a group of people working toward a common goal. Art market economist and academic Magnus Resch has extensively researched the…
Druk Holding and Investments CEO Ujjwal Deep Dahal said in a Forbes statement that the issue is confidential and the matter with BlockFi has already been settle… Source: https://cointelegraph.com/public/index.php/news/bhutan-s-sovereign-investment-arm-quietly-invests-millions-in-crypto-report
Ripple-based payment system MoneyTap continues growing in Japan, with several local banks opening access to the application for their clients. SBI Remit, the remittance-focused arm of the Japanese financial services conglomerate SBI Holdings, has added support of its mobile MoneyTap application to three local banks, including Yamaguchi Bank, Momiji Bank and Kitakyushu Bank, SBI Remit announced on April 17. Yamaguchi…
According to a recent report, the cryptocurrency exchange Bittrex received a Wells notice from the U.S. Securities and Exchange Commission (SEC) in March, signaling a potential lawsuit. The SEC’s enforcement division sent the Wells notice prior to Bittrex deciding to wind down its operations in the United States. ‘Lack of Regulatory Clarity’ in the U.S. Adds Uncertainty for Cryptocurrency Exchanges…
A Delaware company is seeking registration with the United States Securities and Exchange Commission (SEC) to carry out over-the-counter (OTC) stock trading on-chain. BlackStar Enterprise Group has been developing the platform since 2018 and spent almost two years in communication with the regulator, answering dozens of questions and comments from examiners. Recently, the company has taken the next step in…
Artificial intelligence (AI) is undeniably a hot technology at the moment, with the industry projected to be worth $22.6 billion by 2025. Over the past year, everyday people saw AI-generated images and filters across social media as well as Open AI’s tools, ChatGPT and DALL-E, explode seemingly overnight. While AI shows significant signs of promise, it still has a long…
The crypto space endured a series of unfortunate events in 2022, beginning with the Terra debacle and ending with FTX’s chaotic death spiral. These events heightened consumer skepticism and hesitancy toward crypto platforms; yet, the industry is holding steady today. The market is even trending upwards at the time of writing. Crypto’s current potential trajectory toward a recovery signals two key takeaways:…
