Chinese state media removes video on crypto after Binance CEO calls it ‘big deal’
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Crypto remittances see adoption, but volatility may be a deal breaker
Cryptocurrency adoption has been growing for a number of reasons. In emerging markets, research suggests crypto remittances are a factor, although some argue that the idea of using cryptocurrencies for these transactions is nothing more than a purist’s dream.The CEO of cryptocurrency derivatives trading platform BitMEX, Alexander Höptner, predicted earlier this month that by the…
Upbit owner Dunamu could see ‘monopoly’ curbed after investment controversy
The Upbit operator is under heavy scrutiny from local regulators as its total assets balloon and a subsidiary issued controversial investment advice. 191 Total views 5 Total shares The operator of South Korean crypto exchange Upbit, Dunamu, is facing pushback from regulators due to a controversial investment while authorities move to issue restrictions to stifle…
Beaxy Launches Crypto Trading Platform Despite Hack of Employee Last Month
Beaxy has announced the launch of its cryptocurrency trading platform on June 11 in a press release shared with Cointelegraph.In the release, the company said it was now live in 43 United States states and 185 countries. According to Beaxy, an exclusive partnership with OneMarketData delivers trading capabilities across nine order types, with transaction speeds of 225,000…
Bitcoin-Only Exchange Coinfloor Now Focuses on Consumer BTC Services
While the crypto community is talking about “altcoin season,” one of the world’s oldest crypto exchanges is calling BS on everything that is not BTC.After turning into a Bitcoin (BTC)-only exchange, the United Kingdom’s oldest cryptocurrency exchange Coinfloor is now expanding its consumer BTC services.Focused on Bitcoin, the world’s first ever cryptocurrency, Coinfloor is launching…
OpenAI and Microsoft sued over alleged unauthorized use of author’s work
Julian Sancton, an author and Hollywood reporter, accuses Microsoft of being aware of OpenAI’s indiscriminate internet crawling for copyrighted material. 202 Total views 3 Total shares OpenAI and Microsoft are facing a lawsuit alleging the improper use of nonfiction authors’ work to train AI models, including OpenAI’s ChatGPT service. Author and reporter Julian Sancton sued
SecretDAO votes to restructure foundation after public spat between organizations
The new foundation will be governed by a board of three or more members, and no organization will hold more than one seat. 445 Total views 17 Total shares Own this piece of history Collect this article as an NFTThe decentralized autonomous organization that governs privacy-focused blockchain Secret Network has voted to restructure its foundation…
Bitcoin and cryptocurrency are no hedge for inflation
The U.S. Federal Reserve chairman, Jerome Powell, recently announced that the Fed will now shift its focus from targeting inflation to closing “unemployment shortfalls.” The Fed, in essence, is doubling-down on the same inflationary policies with which it experimented during the 2008 global financial crisis.Speaking at a virtual Jackson Hole event recently, Powell said the…
What’s Next for BTC, Chainalysis Criticized, Crypto Fears Kim Jong Un’s Death: Hodler’s Digest, April 27–May 3
Coming every Sunday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekBitcoin rally above $9,000 stalls as sellers push BTC back to key…