Cryptocurrency exchange ByBit is the latest major platform to roll out an in-house cryptocurrency lending service for users. The Dubai-based exchange announced the launch of the service on May 2, delivering interest payouts to users that deposit cryptocurrency through the platform’s new offering. The service is touted to payout hourly interest payments from lending pools, while lenders can deposit and…
International analysts have called out the supposed use of the national security policy of the U.S. as a tool to justify the establishment of blockades and economic sanctions against countries like China and Russia. While U.S. Treasury Secretary Janet Yellen has recognized that a decoupling of the economies of the U.S. and China would be “disastrous,” the U.S. government is…
Bitcoin (BTC) fought for $28,000 support on May 2 after the month opened to multi-day lows. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC price: “Big volatility on the horizon” Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it returned to the $28,000 mark on Bitstamp. The previous day’s Wall Street open had brought the latest wave of…
NFC Lisbon Founder John Karp Heralds ‘Level 2’ Content for 2023 Event No panels, no problem. This year’s NFC Lisbon from June 7 to June 9 boasts a variety of alternative formats, catering to a decentralized (and sometimes pseudonymous) NFT community. The event also plans to take a closer look into one of the faster-growing niches in NFTs: Photography and…
MicroStrategy, the largest public holder of Bitcoin, posted a profit for the first time in nine quarters thanks to a hefty rise in the price of BTC let the firm turn to a tax benefit. The business enterprise company has been accumulating Bitcoin since August 2020 and it contributed significantly to the company’s negative balance sheet. The company has had…
ARK Invest, the investment management firm founded by legendary investor Cathie Wood, has celebrated International Workers’ Day by buying shares of the cryptocurrency exchange Coinbase. On May 1, ARK purchased 129,604 Coinbase (COIN) shares for its ARK Innovation exchange-traded fund (ARKK), according to an investor notification seen by Cointelegraph. The investment company also bought 23,456 COIN stocks for the ARK…
Samsung Electronics Co. is the latest entity to take a stance against emerging generative artificial intelligence (AI) tools as they rapidly infiltrate major global industries. According to a report from Bloomberg on May 2, the company will be banning the use of generative AI tools, such as ChatGPT, among its employees. This new policy comes after Samsung staff uploaded a…
Nonfungible token (NFT) marketplace Blur has recently launched its collateralized lending protocol called Blend, allowing a buy now, pay later approach in purchasing NFTs. Members of the community had varying reactions. Some believe that it’s massive for the space while others called on the United States Securities and Exchange Commission (SEC) to protect users against such products. On May 1,…
Pro-freedom technologies advocate and software developer Jason Dreyzehner recently spoke with Bitcoin.com News via email about the upcoming Bitcoin Cash network upgrade on May 15. One of the most talked about improvement proposals set to go through on that date — which proponents view as a boon to economic freedom — is the Cashtokens CHIP. Beyond UTXO-level token creation, the…
Dr. Geoffrey Hinton is understood to have worked on artificial intelligence his whole life and is now warning how dangerous the technology could be. Source: https://cointelegraph.com/public/index.php/news/godfather-of-ai-resigns-from-google-warns-of-the-dangers-of-ai
