Can you book flights and hotels using AI? The short answer is… kind of, but none of the AI chatbots are reliable, so you’ll still need to do your own research at this stage. Having recently spent hours researching flights and accommodation for a three-week trip to Japan, I decided to compare my results to Bard and ChatGPT’s suggestions. It…
Month: June 2023
How will tomorrow’s $4.7B expiry impact BTC price?
The $4.7 billion Bitcoin (BTC) monthly options expiry on June 30 might play a decisive role in determining whether the $30,000 price will consolidate as long-term support and open room for further bullish momentum. Why is Bitcoin breaking yearly highs? Many analysts consider Bitcoin’s recent breakout above $27,000 a bet on the multiple spot Bitcoin exchange-traded fund (ETF) request applications, including…
Coinbase seeks dismissal of SEC suit, claims extraordinary abuse of process
In the ongoing legal battle between Coinbase and the United States Securities and Exchange Commission (SEC), the American cryptocurrency exchange has filed a motion to dismiss the SEC’s complaint. In a legal document filed on Thursday, June 29 with the U.S. District Court for the Southern District of New York, Coinbase raised concerns about the SEC’s interpretation of securities laws,…
Germany’s BaFin Rejects Binance Crypto Custody License: Report
BaFin, the German financial regulatory authority in Germany responsible for overseeing banks, financial services institutions, insurance companies, and securities exchanges, has reportedly informed Binance of its decision to not grant the exchange a crypto custody license. Local publication Finance Forward reported on the development citing people familiar with the matter on Thursday, although it noted that the nature of the…
What is an atomic swap, and how does it work?
Atomic swaps work by utilizing smart contracts and hashlock cryptographic techniques to secure digital asset exchanges. “Atomic” is a term used to describe processes that either conclude successfully or do not initiate at all — there is no other alternative. An atomic swap for crypto trading implies only two possible outcomes: Either the trade is successfully executed, or no action…
Employees choose crypto paychecks amid economic instability
Political and economic tensions around the world are making some more willing to receive their pay in cryptocurrencies like Bitcoin (BTC), according to executives in the human resources industry. The share of salaries taken in cryptocurrencies and stablecoins has been on the rise over the past few years. This trend is driven not only by prominent athletes and politicians taking their…
Why Coinbase Thinks the SEC Lawsuit Should Be Dismissed
Crypto exchange Coinbase has filed a motion to dismiss the Securities and Exchange Commission’s (SEC) case against it for violating securities laws and operating as an unregistered entity. In its filing, Coinbase argues that the SEC does not have statutory authority over the exchange, and that its position regarding its powers is “untenable as a matter of law.” The exchange…
Announcing Kraken’s $100M+, $250M+ and $500M+ volume fee tier trial « Kraken Blog
Starting Aug. 1, 2023 0:00 a.m. UTC through Sept. 30, 2023 11:59 p.m. UTC,* we will offer the following fee tiers: $100M+: 8 bps taker, 0 bps maker $250M+: 6 bps taker, 0 bps maker $500M+: 4 bps taker, 0 bps maker Who is eligible? All clients who trade over $100M, $250M or $500M in total spot crypto volume on…
Canadian committee proposes measures to support blockchain, crypto
Canadian lawmakers have shown their support for blockchain technology and cryptocurrencies in a report released by the Parliamentary Standing Committee on Industry and Technology (INDU) of the Canadian House of Commons. The report which consists of 16 separate proposals, highlights the advantages and potential of blockchain technology in various sectors. As a result of the INDU’s deliberations, the committee made…
Binance to lose support of its euro banking partner
The cryptocurrency exchange Binance informed users that its current euro banking partner, Paysafe Payment Solutions, will not continue supporting the exchange. According to emails issued to customers by Binance, euro support provided by Paysafe will end after Sept. 25, 2023. It said it would be switching to a new service provider for euro deposits and withdrawals via SEPA bank transfer,…