By Vishnu Patankar, Kraken’s Chief Technology Officer Crypto is uniquely suited to adopt AI Our industry is known for its volatility and 24/7/365 dynamic. As anyone who’s worked in crypto knows, the bull run quickly leads to immense pressures on most core functions, such as account sign-ups, client responses and token listings. In these situations, hiring processes often fall far…
Tokens tied to artificial intelligence (AI) and internet of things (IoT) projects Fetch.ai and Internet Computer have posted outsized gains as the broader cryptocurrency market mounts a significant recovery. The market’s upward trend has pushed Bitcoin’s price above the psychological resistance level of $70,000, reaching a high of $71,500 before correcting back to $69.5K. The overall cryptocurrency market capitalization has…
Texas apparel company Beba and the Defi Education Fund (DEF) have announced a legal complaint against the U.S. SEC. They allege that the SEC has violated Administrative Procedure Act procedures by adopting an encompassing crypto policy without an official rulemaking process. Additionally, the plaintiffs seek to clarify that a token airdropped to its users does […] Source: https://news.bitcoin.com/beba-and-defi-education-fund-sue-the-sec-over-its-airdrop-policies/
Amazon Web Services (AWS), the leading cloud computing platform, has joined forces with the WAX blockchain to integrate the network into AWS’s Amazon Managed Blockchain (AMB) service for use with crypto games and NFTs. The collaboration will allow developers to more easily deploy WAX nodes and integrate Web3 functionality into their applications with just a few clicks through the AWS…
In a significant move towards revolutionizing asset trading, Dubai-based CreataChain DMCC and Al Reem FZCO have signed a Memorandum of Understanding (MOU) to formalize their partnership. The collaboration aims to leverage blockchain technology to develop a pioneering Real-World Asset (RWA) marketplace. Combining CreataChain’s technical capabilities with Al Reem’s market insights and legal expertise, the two […] Source: https://news.bitcoin.com/creatachain-signs-mou-with-al-reem-fzco-to-develop-rwa-marketplace/
The Southern District of New York has announced charges against the global cryptocurrency exchange Kucoin and its founders for major violations of U.S. anti-money laundering laws. Kucoin Faces Legal Firestorm for Alleged Anti-Money Laundering Failures Damian Williams, the United States Attorney for the Southern District of New York, detailed the charges against Kucoin, accusing the […] Source: https://news.bitcoin.com/crypto-exchange-kucoin-and-founders-charged-with-bank-secrecy-act-and-money-laundering-violations/
The Nasdaq-traded company specializing in bitcoin mining, Bitdeer, has unveiled its strategy to boost its overall hashrate by an additional 3.4 exahash per second (EH/s) through the deployment of its proprietary Sealminer A1 mining devices. These advanced rigs are slated for setup within Bitdeer’s mining facilities located in Texas and Norway, targeting the latter half […] Source: https://news.bitcoin.com/bitdeer-to-boost-btc-mining-capacity-with-proprietary-sealminer-a1-rigs-eyeing-46-eh-s-milestone-by-2025/
Cryptocurrency exchange KuCoin and two of its founders were charged Tuesday by the United States Department of Justice with conspiring to violate the Bank Secrecy Act by failing to operate a compliant anti-money laundering program. As a result, they allegedly enabling money laundering and terrorist activity to funnel through the platform. “As alleged, in failing to implement even basic anti-money…
Ever-ascendant Solana token Dogwifhat (WIF) led a rally for meme coins on Tuesday, rising more than 20% overnight as the rest of the crypto market remained largely stagnant. Within hours, the WIF price—the meme coin of the moment—rose as high as $3.27 early Tuesday morning, before settling to $3.18 at writing. The Shiba Inu-themed token has risen 20% in the…
The BBC has abandoned plans to use generative AI in its marketing materials for sci-fi series “Doctor Who,” after receiving complaints from viewers following a trial. According to the BBC’s compaints website, the Corporation’s marketing team have “no plans” to use AI again following a “small trial” in which generative AI was used to draft text for two “Doctor Who”…
