Shares in payment technology firm Block Inc. tumbled after hours despite its second-quarter results beating earnings expectations, including a 34% year-on-year increase in Bitcoin (BTC) revenue. In a Q2 earnings call, Block reported a whopping $2.4 billion in Bitcoin sales on its Cash App platform, with gross profit from Bitcoin sales coming in at $44 million, a 7% increase from…
Coinbase plans to file an order seeking dismissal of the lawsuit by the Securities and Exchange Commission on Aug. 4, with the crypto exchange’s legal chief saying it expects to win the case. On its Aug. 3 second-quarter 2023 earnings call, Coinbase chief legal officer Paul Grewal expressed confidence the exchange would win the court case brought by the regulator.…
Privacy-focused internet browser firm Brave announced on Thursday the launch of its latest feature—a custom image and video search feature that doesn’t rely on Google or Microsoft’s Bing to serve up media. Brave says search results will now only serve images and video results from its own index, removing the need for users to choose between Bing or Google for…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Guild of Guardians is a crypto-fueled, “roguelite” role-playing game (RPG) that’s long been in the works for iOS and Android, but it’s starting to inch closer to release following a development reboot earlier this year. Crypto firm Immutable and developer Mineloader are behind the game, which is currently in…
OpenAI continues to refine and enhance its star artificial intelligence chatbot, ChatGPT. The latest round of small but meaningful updates aims to make conversations with the bot smoother and more productive. OpenAI today announced an update to make its chatbot more user-friendly. Firing up a blank ChatGPT window can be daunting, so now users are greeted with suggested prompts to…
The Digital Dollar Project (DDP) announced the completion of a pilot study of remittance payments to the Philippines using a simulated retail central bank digital currency (rCBDC). Western Union and BDO Unibank were partners in the project. The project used a version of the DDP’s Champion Model. In it, a simulated central bank issued CBDCs to an intermediary bank, which…
Decentralized finance (DeFi) platforms Curve, Metronome and Alchemix have jointly announced an initiative to recover stolen funds from the recent exploits of Curve’s pools. According to on-chain data, the protocols are offering a 10% bounty of the stolen funds as a reward, urging those responsible for the exploit to step forward and return the remaining 90%. The exploit on July…
This story comes from GG. Your Web3 Gaming Power-Up Discover GG Game4Ukraine, a charity soccer match announced by Ukrainian President Volodymyr Zelenskyy, will lean on the metaverse this weekend to help raise money for rebuilding the war-torn nation. The real-world celebrity exhibition match kicks off Saturday, August 5 at London’s historic Stamford Bridge stadium. Those who can’t make it in…
Cryptocurrency exchange Coinbase reported a second-quarter loss of $97 million on Thursday, but shares edged up during after-hours trading on better-than-expected financial results. Coinbase reported a second-quarter loss of $0.42 per share on $708 million revenue, while analysts expected a loss of $0.76 on $634 million revenue. Compared to the same period a year ago, revenue was significantly down from…
Smart contract computer language Lexon (LEX) launched a compiler on Aug. 3, allowing developers to write contracts in Lexon and have them be converted into Solidity, Sophia, or Javascript, according to statements made to Cointelegraph by Lexon founder Henning Diedrich. The compiler runs on the Aeternity (AE) blockchain network and charges LEX tokens as payment for each compilation cycle. Dubbed…
