A new blockchain network aimed at financial institutions is in the works from a conglomerate of participants in the finance and tech space, including the likes of Microsoft and Goldman Sachs. According to the announcement on May 9, the Canton Network will be a privacy-enabled interoperable blockchain network aimed at those working with institutional assets. It will allow the synchronization…
Amid the global cryptocurrency exchange Binance recovering from several halts of Bitcoin (BTC) withdrawals, its American arm Binance.US is selling BTC at premium. The price of Bitcoin on Binance.US is $700 more expensive than the cryptocurrency‘s market price on May 9. At the time of writing, or around 1:30 am UTC, Bitcoin is traded at $28,393, according to data from…
Cipher Mining, a U.S.-based Bitcoin mining company, aims to bring its total hash rate capacity to over 7.2 EH/s following the addition of 11,000 new A1346 model machines that it has purchased from Canaan, the Chinese manufacturer of cryptocurrency mining equipment. With this purchase, the company’s machine fleet has increased to over 70,000 mining rigs, Cipher said in a press…
Former CEO of crypto exchange FTX, Sam Bankman-Fried, has asked a judge in the U.S. to dismiss several charges against him filed after his extradition from the Bahamas. His lawyers insist that prosecutors have not obtained consent from Bahamian authorities for the additional counts. FTX’s Sam Bankman-Fried Urges Court to Drop Post-Extradition Charges Attorneys representing Sam Bankman-Fried (SBF), co-founder and…
Where would you hide $3.4 billion worth of Bitcoin? For James Zhong, the ideal spot was to store it on a computer — with its circuitry exposed — placed in a used Cheetos popcorn tin hidden in a bathroom closet under a pile of blankets. Zhong, now 32, was sentenced to a year in federal prison last month for a…
Regulatory “international interoperability” is vital if cryptocurrency and digital assets are to achieve mass adoption, according to the Chair of the UK’s crypto parliamentary group. “I think for the future of the sector, it’s really really important that there is international interoperability,” Lisa Cameron, Chair of the UK’s Crypto and Digital Assets All Party Parliamentary Group, said at the Financial…
As the burgeoning blockchain technology paradigm has continued to evolve, a whole host of unique asset classes have started to make their way into the mainstream. Private equity tokens are one such offering, serving as digital representations of ownership in private equity investments powered by a decentralized ledger. These tokens enable fractional ownership, improved liquidity and simplified management of private…
For decades, artificial intelligence (AI) has been a laymen’s lingo. Current technological breakthroughs and advancements have created a surge of interest in a specific type of AI known as generative AI. With its unprecedented ability to generate new and distinctive content that aids human creativity, generative AI revolves around analysis, automation and generation of content. It is intriguing to learn…
GameFi is a very promising use case for Web3 and the metaverse, but blockchain gaming builders shouldn’t forget the core elements that made video games popular in the first place. Harness the power of Web3 With billions of gamers active around the globe, the total addressable market for blockchain gaming projects is massive. The value proposition for GameFi is clear:…
The recent surge in Bitcoin (BTC) transaction fees has lit a fire under one of the largest crypto exchanges to upgrade to the Bitcoin Lightning Network. Following a second halt in withdrawals, Binance announced it would work on “enabling BTC Lightning Network withdrawals, which will help in such situations.” To prevent a similar recurrence in the future, our fees have…
