X faces controversy over using user data for training AI chatbot Grok: Report
Several X accounts have made comments on the social media platform’s default setting that allows user’s data “to train Grok.”
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IDG-Backed Crypto Exchange KuCoin Establishes KuGroup to Expand Services
Despite the ongoing global crisis fueled by intensifying coronavirus fears, Singapore-based cryptocurrency exchange KuCoin takes action to expand its services and restructure business.Backed by major venture capital firm IDG Capital, KuCoin exchange has established KuGroup, a core division of the company that will manage all KuCoin products.KuCoin announces two new appointments alongside company restructuringAccording to…

Circle to Charge Fees on US-Based Poloniex Traders’ Crypto After Dec. 16
Circle, the parent company of cryptocurrency exchange Poloniex, says it could charge United States users fees and even confiscate users’ entire balances if they do not remove their funds.In a blog post on Dec. 3, Circle warned that U.S. traders have no option but to stop using Poloniex, a policy adopted in preparation for the…

Sub-zero interest? GBTC hits biggest discount since May Bitcoin price crash
GBTC will “take time” to restore its balance thanks to changing market forces, analyst Willy Woo says. 2789 Total views 146 Total shares Bitcoin (BTC) investment vehicle the Grayscale Bitcoin Trust (GBTC) is trading at its biggest discount since the May BTC price crash.Data on Thursday confirms that as BTC/USD trades near $44,000, GBTC shares…

PayPal’s PYUSD stablecoin hits $1B market cap
PYUSD is competing with rivals such as Circle’s USDC and Tether’s USDT.

Crypto Exchange Coinbase Pro Is Adding Support for Orchid Trading
Major American cryptocurrency exchange Coinbase is adding support for Orchid (OXT) on its professional trading platform Coinbase Pro.According to a blog post published by Coinbase on Dec. 12, Coinbase Pro will start accepting OXT deposits starting Friday, Dec. 13, “for at least 12 hours prior to enabling full trading.” The company also noted:“Once sufficient supply…

Bitcoin mining becomes more sustainable: Mining Council’s Q4 survey
“This quarter we saw the trend continue with dramatic improvements to Bitcoin mining energy efficiency and sustainability,” said the Founder and CEO of MicroStrategy Michael Saylor. 857 Total views 20 Total shares The percentage of the global Bitcoin mining industry running on renewable power increased by 1% to 58.5% in the fourth quarter of 2021…

DeFi and security not mutually exclusive, say CertiK and Binance Smart Chain Reps
The crypto space continues to build frameworks to supplement DeFi's rising star. Keeping pace with the rapidly developing decentralized finance, or DeFi, niche within the crypto industry, major crypto exchange Binance has called on blockchain auditing company CertiK to beef up its platform's security. "The rapid innovation and experimentation of DeFi is what makes it so…

CEX trading volumes fell to 4-year lows even before Binance, Coinbase suits
Monthly trading volumes on centralized exchanges continued to fall in May as regulators tighten their grip on the industry. 232 Total views 3 Total shares Trading volumes on centralized exchanges have fallen to their lowest levels in more than four years amid mounting regulatory pressure from United States regulators and lawmakers.According to a June 7…