As the United Kingdom prepares for a ban on finance-related cold calls, the UK Treasury issued a consultation and call for evidence to gauge a full picture of the impact on businesses, or the costs associated with introducing and implementing the ban. On May 3, the UK government announced an ambitious fraud strategy, which would involve adding 400 new jobs…
Cryptocurrency exchange Binance is going to suspend its crypto debit card services in Latin America and the Middle East starting from Aug. 25. The crypto debit card worked like most other debit cards that allowed their users to make payments on a day to day basis. The only difference is that these cards were funded by cryptocurrency assets. The crypto…
Bitcoin (BTC) is due to hit nearly $150,000 during its next four-year halving cycle, Pantera Capital believes. In its latest “Blockchain Letter” released on Aug. 22, executives at the crypto asset manager doubled down on their bullish BTC price forecasts for 2024 and beyond. Halving data reinforces November 2022 BTC price bottom Bitcoin price performance depends heavily on its halving…
Bitcoin price has been stuck inside a narrow trading range for days, awaiting signals from Jerome Powell’s speech at Jackson Hole this week. Source: https://cointelegraph.com/app/public/index.php/news/why-is-bitcoin-price-stuck
South Korean tech company Naver Corp has unveiled its answer to OpenAI’s ChatGPT — named CLOVA X — its newest generative AI chatbot which is aimed at Korean-language users. On Aug. 24, South Korean news outlet Yonhap reported that Naver released its upgraded hyperscale artificial intelligence model HyperCLOVA X. HyperCLOVA X is the firm’s flagship AI model built using supercomputing…
Crypto advocacy group Coin Center has criticized the latest indictment of two former Tornado Cash developers, arguing that the facts offered don’t show any clear violations of money-transmitting-related offenses. Roman Storm and Romen Semenov were indicted by the United States Office of Foreign Asset Control (OFAC) on Aug. 23 for conspiring to operate an unlicensed money-transmitting business, among other charges.…
Nonfungible token (NFT) marketplace Rarible has seen a substantial uptick in trading volume over 24 hours following a public statement in support of maintaining NFT creator royalties. It comes as competitor NFT marketplaces such as OpenSea have rewound support for royalties and royalty enforcement — prompting other NFT projects to also begin rewinding support for OpenSea. Data from the analytics…
Despite the lukewarm response to Sango Coin, the nation’s indigenous digital currency, the Central African Republic (CAR) has laid the groundwork for tokenizing its natural resources. The initiative, unveiled by the Sango project team earlier this week, ushers in what they herald as a “new era of financial empowerment through blockchain technology.” The CAR’s legislative body has granted approval for…
NVIDIA revenue set new records in its latest quarter, fueled by surging demand for its graphics processing units (GPUs)—largely to power artificial intelligence and generative AI models. The Silicon Valley tech firm reported total revenue of $13.51 billion in its fiscal second quarter ending July 30,representing a 101% increase versus the same period last year. Revenue jumped 88% over the…
Glauber Contessoto went all in on Dogecoin after Elon Musk started pumping the cryptocurrency on Twitter back in 2020. After using all his savings and credit card to plug $250,000 into the cryptocurrency, his holdings shot up to $3 million at one point—but “diamond hands” Contessoto, 35, refused to cash out. Now, with Dogecoin (DOGE) down by over 90% from…
