Hong Kong prepares AI guidelines for finance sector
Hong Kong’s government plans to regulate AI in finance by issuing policies at the upcoming FinTech Week.
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NSA Working to Develop Quantum-Resistant Cryptocurrency: Report
The United States’ National Security Agency (NSA) is allegedly working to develop a quantum-resistant cryptocurrency.The claim was made in a tweet by Bloomberg Technology reporter William Turton on Sept. 4, who was in attendance at the Billington CyberSecurity 10th annual summit in Washington D.C.NSA: North Korea “creative” in its use of cryptocurrencyTurton’s tweet gives only…
Bitcoin Lightning Network Works on Liquid Sidechain, Blockstream Confirms
Bitcoin (BTC) users can now take advantage of the Lightning Network while sending coins on Blockstream’s Liquid sidechain. Bitcoin’s Lightning Network designed to work across multiple chainsFollowing the debut of support for stablecoin Tether (USDT) on Liquid, Blockstream CEO Adam Back confirmed on Twitter that the technology can also support Lightning payments.Using a combination of Lightning…
GME and AMC stock surge may impact crypto meme coins, BTC not so much?
This year, stocks like the movie theater chain AMC Entertainment and video game retailer GameStop (GME) have been the vehicle for individual retail traders to show their dissent against the so-called “free market.” Starting in late January and driven by sentiment from Reddit communities such as r/Wallstreetbets, these meme stocks have seen enormous growth this year.…
US Sanctions Moscow-Based Bank Accused of Financing Venezuela’s Controversial Petro
The United States Treasury Department has added Moscow-based bank Evrofinance Mosnarbank to its sanctions list, alleging it was the “primary international financial institution willing to finance” Venezuela’s controversial national oil-backed cryptocurrency, Petro (PTR). The news was announced in an official Treasury press release published on March 11.In its statement, the Treasury accused Evrofinance — which…
Solana wallets ‘compromised and abandoned’ as users warned of scam solutions
Solana users have been urged to move their funds to cold storage and be alert to possible scams after a major exploit of thousands of wallets sees more than $8 million stolen. 819 Total views 6 Total shares The cryptocurrency ecosystem has been rocked by a widespread exploit targeting Solana wallets that have been ongoing…
Bitbuy enters strategic partnership with Canadian crypto ATM firm Localcoin
Localcoin ATM will also be expanding its range of cryptocurrency offerings and launching a wallet app. 54 Total views 1 Total shares Canadian fintech corporation WonderFi, a firm backed by billionaire Kevin O’Leary, recently announced a strategic partnership between Bitbuy and cryptocurrency ATM provider Localcoin ATM.The partnership, announced on Sep. 18, will shore up Localcoin’s
Worldcoin claims 4 million app downloads and 1 million active users
The ‘World App’ for iOS and Android has now been downloaded 4 million times, according to data collected by its development team, Tools for Humanity. 358 Total views 8 Total shares Iris-scanning project Worldcoin has reached a new milestone, as its mobile World App has now been downloaded over 4 million times, according to a
Bitcoin fee spike spurs shift to Lightning Network: Binance and Coinbase line up
Binance announced plans to embrace the Lightning Network: which large crypto exchanges are Lightning ready, and which ones are yet to be struck? 48 Total views 8 Total shares The recent surge in Bitcoin (BTC) transaction fees has lit a fire under one of the largest crypto exchanges to upgrade to the Bitcoin Lightning Network.…