Crypto pyramid scheme leader extradited to China after global pursuit
As digital currencies continue to gain popularity worldwide, the risk of related economic crimes also increases.
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OpenAI CTO’s Twitter hacked, shilling ‘scam’ crypto airdrop
The crypto community on Twitter warned others not to click on a link posted on OpenAI CTO Mura Murati's Twitter account, which promised a free airdrop. 344 Total views 5 Total shares Crypto Twitter has been flooded with warnings from users, after the Twitter account of Mita Murati, the chief technology officer of artificial intelligence firm…
Tech Like Blockchain Will Transform Chinese Economy, Bank Chair Says
Digital transformation is a national priority for China, and it’s being integrated into both enterprise and banks and other services industries.According to a Feb. 4 report from Economic Information Daily, chairman of Minsheng Bank Hong Qi said:“The full adoption of digital technologies such as blockchain is expected to accelerate the digital transformation and upgrade its…
ECB report likens PoW to fossil fuel cars, PoS to electric vehicles
European Central Bank researchers anticipate a clash between the green transition policies and Bitcoin investors. Amid the soaring inflation, the European Central Bank (ECB) has found time to sum up its concerns about the “significant carbon footprint” of Bitcoin (BTC) and other cryptocurrencies, which require vast amounts of computational power. ECB published the report titled “Mining the environment…
Bitcoin poised for $150K ‘batshit season’ but sellers could dent rally
One analyst predicts a $150,000 price tag for Bitcoin by the end of 2024; however, other indicators point to increased short-term selling.
UPS Integrates Blockchain Platform to Improve Merchant Supply Chains
Major American postal carrier UPS and e-commerce technology company Inxeption have jointly rolled out a blockchain-powered platform to improve merchant supply chains. The development was announced in a press release published on March 21.The new blockchain platform dubbed Inxeption Zippy is designed to help companies list, market and distribute their products to customers. The platform…
Nansen ‘Beyond DeFi’ report highlights $3.2B market for AI services
The report indicated that DePIN and NodeFi may be the most profitable verticals for decentralized finance going forward.
Former Trump Economic Adviser Expresses Support For Facebook’s Libra
A former economic adviser to United States President Donald Trump has expressed support for Facebook’s stablecoin Libra, Yahoo Finance reported on June 24.In an interview with Yahoo Finance, conservative economist and fellow at The Heritage Foundation Stephen Moore said that he thinks “on balance it is a good thing [Libra].” Moore stated:“It’s interesting, because this…
Blockchain needs to walk before it runs to DeFi
Before we run to build more DeFi products, let’s first walk to improving the underlying infrastructure. Decentralized finance has become the fastest-growing sector of the blockchain industry. Today, there are over 200 projects working on a wide variety of decentralized financial products and services. That number continues to increase every day as new DeFi-related projects…