Category: Technology

Buy, Sell, Trade Bitcoin with Credit Card & 100+ Cryptocurrencies @ BEST rates from multiple sources, Wallet-to-Wallet, Non-Custodial!

OpenAI commits $1M to support AI-driven cybersecurity initiatives

As criminals devise innovative ways to exploit AI for malicious intentions, OpenAI remains committed to equipping “defenders” with the necessary tools. The adverse effects of artificial intelligence (AI) technology in the hands of criminals, enabling the creation of deep fakes and malware, have heightened the urgency for action.  OpenAI, the creator of ChatGPT and Dall-e,…
Read more

Scientists propose quantum proof-of-work consensus for blockchain

Boson sampling was once considered a problem looking for a solution. Now, it might be the bridge that brings quantum computing to the blockchain. A team of researchers from universities in Australia and the United States, working in collaboration with quantum technology company BTQ, recently published research proposing a novel proof-of-work (PoW) scheme for blockchain…
Read more

Tether expands reach in Georgia through investment in CityPay.io

The partnership seeks to enhance the payment industry in Georgia by introducing heightened efficiency. ​​Stablecoin issuer Tether announced on May 31 that it is expanding its presence in the Republic of Georgia through a strategic investment in CityPay.io, a payment processing company that operates across more than 600 locations in the country. Tether expands its presence in…
Read more

Nansen lays off 30% of its workforce

The CEO of Nansen cited two reasons for the layoffs, including an overly aggressive hiring phase during the bull market and the prolonged crypto bear market that followed. Blockchain analytics platform Nansen has announced the trimming of its workforce by 30%. On May 30, Nansen CEO Alex Svanevik disclosed on Twitter that the company had to…
Read more

Ledger CEO says crypto key recovery service makes self-custody easier

Ledger’s “Recover” service may be concerning, but some crypto industry participants think the feature may onboard new users while helping crypto natives. Hardware crypto wallet firm Ledger has faced harsh criticism from the crypto community after announcing its “Recover” service, which is an optional paid feature that will eventually allow users to back up and…
Read more

Beijing releases white paper for Web3 innovation and development

The release of the white paper coincides with new digital asset regulations in Hong Kong, raising further interest in China’s stance toward the crypto industry. Beijing’s municipal government has unveiled a white paper to foster innovation and advance the Web3 industry. The “Web3 Innovation and Development White Paper” was revealed at the Zhongguancun Forum by…
Read more

Cronos Labs launches second cohort of $100M Web3 accelerator

On May 15, the chosen projects commenced the 12-week program after being granted seed funding of $30,000. Blockchain startup accelerator Cronos Labs has announced the launch of its second cohort for the Cronos Accelerator Program. The program, backed by a substantial $100 million investment, aims to support early-stage crypto projects by providing mentorship and funding…
Read more

Coinbase launches zero trading fee subscription service

Coinbase’s new subscription service, “Coinbase One,” is expected to roll out across 35 countries in the near future. Cryptocurrency exchange Coinbase is set to launch its subscription service called “Coinbase One” across 35 countries. Initially, only customers in the United Kingdom, Germany and Ireland will have access to Coinbase One. According to the May 18…
Read more

South Korean prime minister calls for disclosure of crypto holdings by high-ranking officials

Prime Minister Han Deok-soo reportedly believes that including cryptocurrency in property registration is the right thing to do. South Korean Prime Minister Han Deok-soo is calling for the disclosure and registration of cryptocurrency assets by high-ranking public officials, a local news outlet has reported.  In a press conference held at the Sejong Government Complex on…
Read more

US strips Ethereum dev Virgil Griffith of export privileges for 10 years

The export privilege ban comes from Griffith’s conviction and further impacts his involvement in international trade and transactions. The United States Department of Commerce has imposed a 10-year export privilege ban on Virgil Griffith, an Ethereum developer serving a five-year prison sentence. The ban restricts him from enjoying export privileges until April 12, 2032. The…
Read more