Paul Munter says making or allowing misleading statements can have serious consequences for accounting firms and individual accountants. Paul Munter, chief accountant of the United States Securities and Exchange Commission (SEC), has released a statement warning accounting firms of their obligations to the agency when working with crypto firms. Allowing their finding to be misrepresented…
Read more
Vera Molnár pioneered the use of computer-generated art in the latter half of the 20th Century. Computer-generated nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out during Sotheby’s Dutch auction for 631 Ether (ETH), or around $1.2 million, in less than one hour. Molnár’s Themes and Variations #1…
Read more
The bot is the third in a series of AI-trading initiatives launched this year. One area where artificial intelligence (Ai) technologies are rapidly synergizing with blockchain is at cryptocurrency exchanges. Since the beginning of the year, Binance has launched an AI-powered nonfungible tokens (NFTs) generator for authenticated users. Meanwhile, OKX has introduced an AI integration…
Read more
In a move to combat ongoing inflationary pressures in the U.S. economy, the Federal Reserve announced a 0.25% hike in its key interest rate today, pushing it to a high of 5.5%—a level unseen in 22 years. Despite witnessing a decline in consumer prices for a consecutive 12-month period, June marked a rise with a…
Read more
Fabian Vogelsteller has been working full-time to create his new blockchain since 2018, with its mainnet launching just this May. In 2018, Ethereum lead developer Fabian Vogelsteller contacted the community for a new standard for smart contracts he created alongside co-founder Vitalik Buterin. Dubbed ERC-20, Vogelsteller, at the time, only wished for input regarding the…
Read more
Prime Minister Fumio Kishida of Japan made a resolute statement today that could be a boon to crypto markets, reiterating the country’s ambition to be at the forefront of Web3 innovation. His remarks coincided with news that leading cryptocurrency exchange Binance plans to launch operations in Japan beginning August 2023. This provides a new on-ramp…
Read more
The intersection of ZK proofs and multichain bridges has become one of the industry’s more intriguing development. Zero-knowledge (ZK) proofs, or cryptographic methods that allow one party to prove to another party that something is true without revealing any sensitive underlying private information, have been a hot topic of discussion among crypto veterans. At last…
Read more
“It is with a heavy heart that I am writing today to share news about team restructuring efforts we are effectuating today,” wrote CEO and co-founder Michael Wagner. Solana game developer Automata (ATMTA) will undergo “a significant headcount reduction” to preserve its ability to develop Star Atlas. After the restructuring, the Automata team will comprise…
Read more
Robinhood has been planning its expansion into the United Kingdom since 2019, but the project has faced multiple delays. Cryptocurrency-friendly trading platform Robinhood is moving forward with plans to launch services in the United Kingdom with a new major local appointment. Robinhood has appointed former Barclays executive Jordan Sinclair as the new CEO of its…
Read more
Bitcoin is currently trading at $29,038 and has dipped by 3.47% so far today, likely due to market anticipation of the Federal Reserve’s interest rate announcement on July 26. The broader cryptocurrency market is also experiencing declines. Ether, the second-largest crypto, is down 2.39% and trading at $1,844. Other major cryptos, such as Ripple and…
Read more
