The team behind Solareum, a Telegram trading app for buying and selling Solana-based tokens on the popular messaging platform, announced that it would shut down after being tied to an exploit that saw some $523,000 worth of SOL drained from user wallets last week. The wallet-draining exploit, which is estimated to have affected more than 300 Solana users, occurred late…
Economist and gold bug Peter Schiff has warned that something big is happening that very few investors are prepared for. “More importantly, governments and central banks are not prepared for it either,” he stressed. Schiff explained that Fed rate cuts will make the inflation problem worse. Peter Schiff’s Warnings Economist and gold bug Peter Schiff […] Source: https://news.bitcoin.com/peter-schiff-something-big-is-happening-that-very-few-investors-are-prepared-for/
Cross-chain protocol Wormhole will launch its W governance token on Wednesday, with several cryptocurrency exchanges announcing plans to list the token shortly after the airdrop claim opens up to eligible users. Wormhole previously announced details for the W token airdrop, with more than 400,000 total wallets eligible to participate in the claim. In total, 617.3 million W tokens have been…
OpenAI and Perplexity AI are tweaking their respective platforms to attract more users and revenue, the former lowering barriers to access and the other exploring advertising. On Monday, ChatGPT developer OpenAI said it would allow users to access GPT-3.5 without requiring them to set up or log into an account. “Starting today, you can use ChatGPT instantly, without needing to…
Tether, one of the leading stablecoin issuers, has announced the completion of a System and Organization Controls 2 (SOC 2) audit, marking the highest level of security compliance achievable for an organization. This independent audit, developed by the American Institute of Certified Public Accountants (AICPA), highlights Tether’s dedication to ensuring a secure user experience. Paolo Ardoino, CEO of Tether, emphasized…
Coinbase and Circle, two prominent players in the cryptocurrency industry, are contesting aspects of a proposal from the Basel Committee on Banking Supervision that aims to introduce stricter criteria for the regulatory treatment of stablecoins held by banks. The committee’s consultation document, released in December, outlines requirements for stablecoins to qualify for preferential regulatory treatment under a “Group 1b category.”…
Bitkub Capital Group Holdings, the parent company of Thailand’s leading cryptocurrency exchange, is ramping up its workforce as it prepares for its anticipated initial public offering (IPO) on the Stock Exchange of Thailand (SET) in 2025. CEO Jirayut Srupsrisopa revealed to Bloomberg on April 1 that Bitkub is actively seeking financial advisors to support its IPO listing, aiming to secure…
XRP’s price is witnessing a decline today, following the broader trend in the crypto market. Currently, down by over 5.5% to $0.59, it continues its volatile trading pattern seen in recent days. The current dip in XRP’s price reflects a retracement that commenced in March after reaching a peak of $0.74. Since then, it has decreased by approximately 18.5%, with…
Chainage, a decentralized finance (DeFi) hub with approximately $100 million in total value locked, is pursuing a $13 million capital raise for protocol expansion, subject to approval from its tokenholders within its native decentralized autonomous organization (DAO). In a snapshot proposal dated April 1, Chainage outlined plans for the $13 million raise, led by an undisclosed venture capital firm. This…
Forty-eight U.S. lawmakers have sent a letter to U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler asking him to clarify whether ether is a security. “The negative repercussions of the SEC implicitly or directly classifying ETH as a digital asset security will cascade throughout the digital asset marketplace both in the short and long […] Source: https://news.bitcoin.com/48-us-lawmakers-ask-sec-chair-gensler-to-clarify-whether-eth-is-a-security-warn-of-negative-repercussions/
