Bitfinity Network launches Bitcoin L2 with $12M backing
Bitfinity Network secures $12M to bring EVM compatibility and expanded DeFi functionality to Bitcoin using ICP’s Chain Fusion.
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US govt. sets AI policies across agencies
Office of Management and Budget memorandums lay out details for implementing US President Donald Trump's executive order prioritizing US development of artificial intelligence. The US Office of Management and Budget (OMB) issued two directives specifying policies and deadlines for deploying AI tools that enhance public services, providing a roadmap for implementing US President Donald Trump’s

PayPal, Ernst & Young settle first corporate payment via PYUSD stablecoin
PayPal deepens its push into PYUSD for business transactions, making its first payment using the stablecoin.

Tanzania: Gov’t Looks To Information, Technology Sphere for Help in Blockchain Use Cases
The Tanzanian government has openly invited academics and researchers to collaborate in producing “favorable” blockchain regulations, tabloid-style South African news outlet The Citizen reported Monday, Oct. 29.As part of a speech at the second Annual ICT [Information and Communications Technology] Professionals Conference 2018 in Dar Es Salaam, Dr. Jim Yonazi, the Deputy Permanent Secretary Minister…

Coinbase CTO Balaji Srinivasan Departs From the Firm
Chief technology officer at major United States-based cryptocurrency exchange Coinbase, Balaji Srinivasan, announced his departure from the company on Twitter on May 3.In his tweet, Srinivasan said that he had enjoyed his time at the exchange and that he will now take time off “to get back in shape — and up to speed on…

Cosmos sees 1 million transfers in a month across the ecosystem
The Inter Blockchain Communication protocol that powers Cosmos has been growing steadily over the past 6 months. 489 Total views 18 Total shares The Cosmos cross-chain network has been growing steadily along with the projects that run on top of it and it’s just reached a milestone in terms of activity.The Inter Blockchain Communication protocol…

Crypto industry calls on Congress to block new DeFi broker rules
The new IRS rules classifying DeFi protocols as brokers have triggered a swift backlash in the crypto industry, with calls for Congress to overturn the rules.

What are the 3 assets most correlated with Bitcoin?
The financial media often points out Bitcoin’s (BTC) correlation to big tech. “Bitcoin is trading like a tech stock” is a common narrative alongside BTC's often acute inverse-relationship with the United States dollar. But are these correlations set in stone, and can they be useful for predicting future price moves? Let's take a closer look…

Bitcoin Hovers Near $7,000, While Altcoins Show Marked Signs of Recovery
August 5: After yesterday’s market nosedive, Bitcoin (BTC) is up just slightly, hovering around the $7,000 mark. All major altcoins are however showing marked signs of recovery, up between one and seven percent, as data from Coin360 shows. Market visualization from Coin360 Bitcoin (BTC) is trading around $7,040 to press time, holding ground on the…