A new report from the Global Financial Markets Association says regulators need to take distributed ledger technology more seriously. Source: https://cointelegraph.com/public/index.php/news/distributed-ledger-tech-saves-tradfi-100-billion-yearly-gfma
Billionaire Elon Musk has queried whether it’s legal for OpenAI — the firm behind ChatGPT — to become a for-profit business after he invested approximately $50 million into it. On May 16, Musk spoke with CNBC during Tesla’s annual shareholder meeting and claimed he “came up with the name” OpenAI, intending for the company to be an open-source alternative to…
South Korean prosecutors have raided two of the country’s largest coin trading platforms within an investigation into the crypto investments of a politician. They seized materials from Upbit and Bithumb amid suspicions of wrongdoing related to the lawmaker’s cryptocurrency holdings. South Korean Law Enforcement Authorities Check Records From 3 Crypto Platforms Investigators from the Seoul Southern District Prosecutor’s Office raided…
The bankrupt crypto lender wants its huge stash of staked Ether back, but it could be in for a wait. Source: https://cointelegraph.com/app/public/index.php/news/celsius-784m-steth-in-lidos-long-withdrawal-queue
sponsored On January 3, 2009, Satoshi Nakamoto mined the Genesis Block on a small server in Helsinki, Finland, and received a reward of 50 bitcoins, which marks the beginning of crypto mining. From CPU to ASIC In Satoshi Nakamoto’s initial vision, BTC mining could be performed using CPUs installed on PCs. During its infancy, Bitcoin remained obscure and offered no…
A new report from the Global Financial Markets Association says regulators need to take distributed ledger technology more seriously. Source: https://cointelegraph.com/app/public/index.php/news/distributed-ledger-tech-saves-tradfi-100-billion-yearly-gfma
Institutional clients of crypto custody firm Anchorage Digital can now voice their concerns on proposals for tokens they hold without paying hefty gas fees. According to a May 16 statement, Anchorage will integrate off-chain, gasless multi-governance client Snapshot to allow its “token-holding community users” to vote on governance proposals with their tokens, without incurring any gas fees. Anchorage Digital is…
Around $100 billion a year or more could be saved if distributed ledger technology (DLT) was used in traditional markets, claims a new report from the Global Financial Markets Association (GFMA). In a May 16 report, the traditional finance sector lobby group, along with international consulting firm Boston Consulting Group (BCG) and others, asked both regulators and traditional financial institutions…
Bankrupt crypto lending firm Celsius is anxious to get its staked Ether (ETH) stash back from liquid staking platform Lido which enabled withdrawals this week. Celsius initiated the process of withdrawing its Lido Staked ETH (stETH) from the protocol. According to transaction data it has requested the withdrawal of 428,840 stETH in batches of 1,000. The stash is valued at…
Lightning Labs has unveiled a new solution to the clunky process of minting new assets on the Bitcoin network. Source: https://cointelegraph.com/app/public/index.php/news/lightning-labs-launches-updated-protocol-bitcoin-brc20-congestion
