Palantir surges 11% after deal to sell AI to US defense, intel agencies
Palantir shares closed higher as the intelligence company announced a deal with Microsoft to sell AI services to the US intelligence community.
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Reserve Bank of India Developing Blockchain Banking Platform
The Reserve Bank of India (RBI) is developing a blockchain platform for banking in its R&D branch, according to a report by BusinessLine on June 28The blockchain platform will reportedly host a number of blockchain applications, and is slated to launch next year. This model platform is reportedly being designed to serve banks; according to…

China Digital Currency Launch ‘Definitely’ in 6-12 Months — Investor
China will “definitely” deploy its new digital currency within the next six months to a year, a local blockchain investor has said.Speaking to CNBC on Nov. 20, Edith Cheung, partner at blockchain-focused venture capital fund Proof of Capital, appeared convinced about the digital currency’s imminent arrival.Cheung: rollout could come in May 2020“I think definitely within…

Trader turns $1K into $750K trading Tron memecoin SunWukong
The anonymous trader’s Sun Wukong holdings surged to $750,000 at its peak, but he hasn’t sold a single token yet.

Is the SEC a bad cop? CoinRoutes CEO Dave Weisberger breaks down crypto regulation in the US
Weisberger believes the structure of the Securities and Exchange Commission needs to change but that politicians are reluctant to do so because of their power within the current state of affairs. 48 Total views 1 Total shares On Episode 27 of Hashing It Out, CoinRoutes CEO Dave Weisberger joins host Elisha Owusu Akyaw (also known…

6 Questions for Chen Li of Youbi Capital
We ask the buidlers in the blockchain and cryptocurrency sector for their thoughts on the industry… and throw in a few random zingers to keep them on their toes!This week, our 6 Questions go to Chen Li, the co-founder and CEO of Youbi Capital, a venture capital firm investing in blockchain technologies and disruptive decentralized…

Crypto mixer sanctioned by US Treasury for role in Axie Infinity hack
The crypto mixer is said to have processed $20.5 million out of the $620 million taken by North Korean Lazarus Group hackers. 595 Total views 41 Total shares The United States Treasury Department Office of Foreign Assets Control (OFAC) announced Friday that it was sanctioning cryptocurrency mixer Blender.io for its role in laundering proceeds from…

Degens borrowing ETH to get fork tokens create headaches for DeFi platforms
The growing number of speculators taking out Ether (ETH) loans to maximize their potential to earn forked Ether Proof-of-Work tokens (ETHPoW) has been causing headaches for decentralized finance protocols. The issue has been gaining traction over the past month or so, given that a significant number of Ether miners are expected to continue working on…

Coinbase website down as crypto exchange cites ‘system-wide outage’
Crypto exchange Coinbase has suffered a 'system wide' outage, rendering platform unusable.