Tech giants losing momentum as AI progress disappoints investors
The current AI oversupply has prolonged the cost recovery on major AI investments, which could force large corporations to shift investment focus.
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Binance to Launch Lending for XMR, ZEC and DASH This Week
Binance exchange will feature three new coins within the fifth phase of its crypto lending product available for subscription starting from Sept. 20.Same interest rate for all 3 coinsAfter initially launching its Binance Lending Service on Aug. 28, Binance will now allow users to lend assets and earn interest with three major altcoins, including privacy-focused…
Chinese agents used Bitcoin transactions through Wasabi to allegedly bribe US government employee
According to an analysis by crypto risk management firm Elliptic, two Chinese intelligence agents used Wasabi Wallet to conceal BTC transactions allegedly used for bribes. 346 Total views 4 Total shares The United States Department of Justice has announced charges against two Chinese intelligence officers who allegedly bribed a double agent with Bitcoin.In an Oct.…
Seoul Medical Center to Launch Blockchain Tech Project With Korean Science, IT Ministry
A major hospital in South Korea’s capital city has announced plans to launch a blockchain-based platform aimed to improve its medical services. The news was reported by the Daily Medi, a healthcare sector-focused Korean news outlet, on March 17.According to the publication, the “Smart Hospital” project was jointly developed by the Korean Ministry of Science…
3 reasons Bitcoin price suddenly plunged 7%, liquidating $100M in longs
The price of Bitcoin (BTC) dropped by 7% in less than two hours, liquidating over $100 million worth of longs on Sep. 3. On BitMEX alone, the sudden drop wiped out nearly $99 million worth of longs.Three key factors likely caused the Bitcoin price to drop: miner outflows, the strength of the U.S. dollar, and…
SEC Chair Gensler plugs changes to exchange definition that worries crypto
Gary Gensler reminded a conference on Treasury bonds about a proposed rule change that would impact DeFi, too.
Accomplice in Alleged $722M Bitcoin Ponzi Scheme Pleads Guilty to Charges
One of four men charged with defrauding investors of over $722 million through a long-running cryptomining scheme has pleaded guilty to charges against him. 786 Total views 13 Total shares One of four men charged with defrauding investors of more than $722 million through a long-running cryptocurrency mining scheme has pleaded guilty to charges against…
Recap of Cointelegraph panel: Brokers and banks in crypto
This past summer, a Switzerland-based blockchain investment company called CV VC, and a Swiss audit and advisory firm known as PwC, in collaboration with Cointelegraph, put together an in-depth report on the top blockchain companies and what they are up to in their distinct sectors.The report lists eight separate categories. Cointelegraph hosted a previous panel…
NFTs transform how fans bet on upcoming sports stars
A fan-centric Web3 sports platform uses NFTs to bring a new level of connectivity and ownership to betting on the success of upcoming athletes. 241 Total views 16 Total shares