Binance-backed Bitcoin DeFi protocol Zest launches yield-bearing BTCz token
The Bitcoin halving has catalyzed a wave of interest in creating DeFi capabilities for Bitcoin, the world’s first blockchain network.
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Circle CEO says blockchain industry is transitioning from dial-up to broadband phase
Allaire believes that privacy and identity are two fundamental pillars of a new Web3. 127 Total views 3 Total shares At the Converge22 conference in San Francisco, Jeremy Allaire, CEO of stablecoin issuer Circle, said that the world is finally moving from the speculative value phase of crypto to the utility phase. Drawing parallels to…

Blockchain Platform to Track $2.5B Worth of Tea Products
The Chinese province of Yunnan will track their tea supply chain using blockchain technology. 1474 Total views 36 Total shares The Chinese province of Yunnan announced the official launch of a blockchain-powered traceability platform for its Pu’er tea farms on June 3.The blockchain platform was first announced in the 2020 Phoenix Nest Ancient Tree Spring…

Titanium Blockchain CEO behind BARs ICO fraud, put behind bars for 4 years
The California-based CEO of Titanium Blockchain has been sentenced to four years of prison — putting an end to a 2018 initial coin offering (ICO) saga that stripped investors of $21 million. Michael Stollery, who founded Titanium Blockchain Infrastructure Services (TBIS), was a key figure in a “cryptocurrency fraud scheme” which involved an initial coin offering…

Bitcoin sales by gov'ts just 4% of $225B bull market inflows — Analyst
BTC selling volumes generated by nation states are a drop in the ocean this bull market, argues CryptoQuant's Ki Young Ju.

‘My Big Coin’ founder ordered to pay $7.6M for crypto fraud scheme
The US District Court for the District of Massachusetts has ordered “My Big Coin” founder Randall Crater to pay $7.6 million to victims of the fraud scheme.

Artists face a choice with AI: Adapt or become obsolete
The artificial intelligence art gold rush began around 2018 when Christie’s auctioned “Portrait of Edmond Belamy” for an astounding $432,500. Since then, it has been an up-only journey for AI-generated images. “Théâtre D’opéra Spatial,” Jason Allen’s AI artwork, even won a prize at the Colorado State Fair art competition. This shows how AI-generated images have…

Bitcoin ASIC maker Bitmain expands production line into US
It comes as US Bitcoin miners have had to deal with delayed deliveries of Bitmain ASICs that have been stuck at US ports of entry for weeks.

Go green or die? Bitcoin miners aim for carbon neutrality by mining near data centers
Bitcoin (BTC) mining has always been a controversial topic. But, Bitcoin’s proof-of-work (PoW) model has reached new levels of concern as senior decision-makers and investors pay closer attention to environmental, social and governance factors. As such, many crypto miners are highlighting environmentally friendly practices by acquiring carbon offsets. Yet, some would argue that this isn’t enough…