Amber Group, a Singapore-based crypto lender, is considering selling its Japanese unit as part of its plan to focus more on institutional business rather than retail business, Bloomberg reported. According to Annabelle Huang, Amber’s managing partner, the firm is currently evaluating options for its Japan operation, including a potential sale. Currently, no deal has been finalized. Huang noted that Japan…
Ethereum’s long-anticipated Shanghai and Capella upgrade was activated on April 12 and the total withdrawals in the first 40 hours after the Shapella upgrade stood at 142,425 ETH, per Nansen data. This falls in line with previous estimates. For a brief moment on April 12, when Shapella was activated, the deposits to ETH staking contracts outpaced withdrawals. However, deposits have…
Singapore-based crypto exchange Bitrue has lost millions of U.S. dollars’ worth of ether and other coins in a hack. The trading platform suspended withdrawals until early next week to conduct additional security checks and promised to compensate the affected users. Bitrue Exchange Loses Crypto Assets Due to Hot Wallet Exploit Cryptocurrency exchange Bitrue announced Friday on Twitter it has identified…
Actors Danny Trejo, Mena Suvari, and Emilio Rivera have jumped aboard “RZR,” the dystopian sci-fi series from Gala Film, a division of Web3 entertainment startup Gala Games. The three veteran Hollywood actors are set for special guest star roles in the series, a gritty drama set in a near-future Los Angeles in which underworld crime and novel technologies—including crypto and…
Chia (XCH)—a layer-1 blockchain developed by BitTorrent creator Bram Cohen—is soaring after the Chia Network signaled its intention to become a publicly listed company. “Chia Network, Inc. today announced that it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (the ‘SEC’) relating to the proposed initial public offering of its common…
Cardano rose to its highest level in seven-months on April 14, as cryptocurrency markets remained bullish. The global crypto market cap rose by as much as 2.25% on Friday, with bitcoin moving above $31,000. Xrp was another notable gainer, as the token hit a two-week high. Cardano (ADA) Cardano (ADA) rose for an eighth straight session on Friday, with today’s…
Bitcoin (BTC) preserved new ten-month highs at the April 14 Wall Street open as analysts kept hoping for further gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $31,000 revealed as make-or-break trend line Data from Cointelegraph Markets Pro and TradingView showed BTC/USD consolidating around $30,700 after spiking past the $31,000 mark. The pair saw no major retracement as it headed…
“We need more transparency over the reserves of these stablecoins, which I think we’re going to see,” Clara Medalie said. Source: https://cointelegraph.com/public/index.php/news/enterprises-should-seek-partners-and-solutions-during-the-crypto-winter-paxos-report
Projects rooted in artificial intelligence (AI) are fast becoming an integral part of the modern technological paradigm, aiding in decision-making processes across various sectors, from finance to healthcare. However, despite the significant progress, AI systems are not without their flaws. One of the most critical issues faced by AI today is that of data biases, which refers to the presence…
Andrew Bailey, the governor of the Bank of England, has asserted that stablecoins “will need to have the characteristics of, and be regulated as, inside money” before they function as money. Bailey also described crypto as a “highly speculative investment” with no intrinsic value. Stablecoins Purport to Be Money According to the Bank of England (BOE) governor, Andrew Bailey, stablecoins…
