Cryptocurrencies like Bitcoin (BTC) are not in their “longest ever bear market” and probably are not even in a bear market at all, according to some industry observers. MN Trading founder Michaël van de Poppe took to X (formerly Twitter) on Aug. 27 to claim that Bitcoin is currently in its “longest bear market” in history. “Right now, the price…
Grand Theft Auto owner enters Web3 via mobile gaming arm Fun fact: mobile gaming giant Zynga is owned by Take-Two Interactive, the same company that also owns Rockstar Games, which is behind ultra-popular video game series like Grand Theft Auto, Red Dead Redemption and NBA 2K. Now Zynga is making its Web3 debut with a new franchise. Best known for…
Freedom in the modern age Although America is penned “the land of the free,” our freedom comes with exceptions. While some of these restrictions are in the name of civilian safety, what’s happening online isn’t for the greater good — it’s just for lining Big Tech’s pockets and consolidating digital power to the few. The constant exploitation and control Americans…
As artificial intelligence (AI) and its various subsets — such as machine learning (ML) — become more complex and developed, their presence within the financial realm has increased drastically. According to a 2022 report by Nvidia, over 75% of companies operating in the financial sector apply machine or deep learning to optimize their internal operations. Moreover, the study notes that…
Regulators in the United States have asked Nvidia to curb exports of artificial intelligence (AI) chips to “some Middle East countries” according to its latest quarterly report. The report was released on Aug. 28, in which the company said the new regulations affect its A100 and H100 chips, which help enhance the speed of machine-learning tasks. Nvidia did not specify…
PancakeSwap, the leading decentralized exchange on BNB Chain, is expanding to the Coinbase-incubated Ethereum layer-2 network Base. Its move to Base is part of the ongoing multi-chain expansion from the PancakeSwap team. After Base, the exchange is also live on four other Ethereum rollups in Polygon’s zkEVM, zkSync Era, Arbitrum, and Linea. Currently, 94.8% of PancakeSwap’s total $1.37 billion in…
Nexo today unveiled a “dual mode” capability for its crypto card, combining both debit and credit functionality The new functionality is now live to the public after an exclusive early access stage and is available to citizens and residents of the European Economic Area (EEA). According to the company, as many as 11,000 users have activated the Nexo Card during…
Bank messaging network Swift has recently shared a report highlighting how Swift can connect with blockchains and solve the issue of interoperability between different blockchain networks. In a report titled “Connecting blockchains: Overcoming fragmentation in tokenised assets,” Swift concluded that a more incremental approach that interlinks existing systems to blockchains is “more plausible” for market development in the near term,…
Swift announced today that it successfully conducted a variety of blockchain interoperability tests with over ten financial institutions like Citi, BNP Paribas, and BNY Mellon. The interbank messaging service tapped oracle provider Chainlink to establish a connection with Sepolia, a popular Ethereum testnet. Just over a month after launching its new Cross-Chain Interoperability Protocol (CCIP)–a sort of blockchain communication network…
Binance, the largest crypto exchange in the world, has announced it is gradually ending support for its native stablecoin, BUSD. “As Paxos has halted minting of new BUSD,” read today’s statement, “Binance will gradually cease support for BUSD products. It added, “Please be assured that BUSD will always be backed 1:1 by USD.” According to a press release, the crypto exchange…
