In the cyclical rhythm of technological innovation, bear markets often appear as challenging interludes. Yet, for those well-versed in the evolutionary journey of the internet, they are not to be feared. Instead, they present a profound opportunity for introspection, refinement and robust growth. The introduction and proliferation of Web3 technology is a testament to this journey, promising to usher in…
Month: September 2023
Cricket World Cup to feature Web3 fan app as ICC taps into NEAR blockchain
The International Cricket Council has partnered with NEAR Foundation to build a blockchain-powered, Web3 fan engagement app for the 2023 Cricket World Cup in India, which promises to reach hundreds of millions of fans over the next six weeks. Cointelegraph spoke exclusively to ICC head of digital Chris Donovan and NEAR CEO Finn Bradshaw, who unpacked details of the Web3…
Google paves way for AI-produced content with new policy
On Sept. 16, Google updated the description of its helpful content system. The system is designed to help website administrators create content that will perform well on Google’s search engine. Google doesn’t disclose all the means and ways it employs to “rank” sites, as this is at the heart of its business model and precious intellectual property, but it does…
Bitcoin price to $30K in October, says analyst as BTC price climbs 2%
Bitcoin (BTC) broke higher into the Sep. 27 Wall Street open as one analyst predicted a return to $30,000 in October. BTC/USD 1-hour chart. Source: TradingView BTC price reaches for $27,000 in fresh uptick Data from Cointelegraph Markets Pro and TradingView followed BTC price action as bulls gathered steam to reach $26,823 on Bitstamp. The 2% jump to near-weekly highs…
Cloudflare Launches AI Platform to Support Scalable AI Applications
Internet performance and security company Cloudflare unveiled on Wednesday the introduction of Cloudflare AI and a suite of generative artificial intelligence tools for developers to build on using its vast array of servers. Cloudflare’s new AI platform—released on the company’s 13th anniversary—is intended to enable developers to build “full-stack” and “production-ready” AI applications on Cloudflare’s network rather than their own…
Binance fully exits Russia with sale to CommEX
The financial details of the deal remain undisclosed. However, as a full exit from Russia, Binance will have no ongoing revenue split, nor any option to buy bac… Source: https://cointelegraph.com/public/index.php/news/binance-fully-exits-russia-with-sale-to-commex
DeFi Tokens Buck Bearish Market Trend as Bond Yields Soar
Various tokens backing blue-chip decentralized finance applications are bucking the bearish market trend. CurveDAO’s native governance token CRV has soared more than 21% over the past week as users minted $114 million crvUSD, the newly launched stablecoin by Curve Finance, backed by Bitcoin (BTC), Ethereum (ETH), and ETH liquid staking derivatives as collateral. Elsewhere, governance tokens behind Maker (MKR), Frax…
Hong Kong police recover $11M worth of assets in JPEX case: Report
Hong Kong security chief Chris Tang Ping-keung has vowed to bring justice to people who fell victim to the JPEX crypto exchange fraud, local media has reported. The security chief’s office on Wednesday said that the police are actively looking for the key operators behind the JPEX crypto exchange that orchestrated the country’s largest digital asset fraud. During a press…
Coinbase CEO slams Chase UK for ‘totally inappropriate’ crypto move
Brian Armstrong, CEO of major United States-based cryptocurrency exchange Coinbase, has condemned the decision of JPMorgan’s subsidiary Chase UK to restrict crypto-related transactions. Brian Armstrong took to X (formerly Twitter) on Sept. 26 to slam Chase Bank for its “totally inappropriate” move to ban its customers in the United Kingdom from making any debit card or wire transfers related to…
Chainlink Extends Cross-Chain Protocol to Coinbase’s Base
Blockchain oracle platform Chainlink has extended its cross-chain capabilities to Coinbase-incubated Ethereum layer-2 network Base. According to an announcement shared with Decrypt, Chainlink has enabled the Cross-Chain Interoperability Protocol (CCIP) on Base. CCIP is a cross-chain communication protocol for different blockchains and traditional Web2 applications like SWIFT’s payment system. The protocol enables the development of cross-chain applications that can send…