Tag: Blockchain

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Select Group of Russian Firms Authorized to Use Crypto for Chinese Imports Amid Sanctions

September 29, 2024

A select group of Russian companies, including electronics producers and financial institutions, has received approval to use cryptocurrencies for Chinese imports under a pilot legal framework. Overseen by Russia’s central bank and the Ministry of Finance, this initiative targets firms handling dual-use products and facing challenges with international payments, particularly with China. Russian Firms Explore…
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Crypto Veteran Says Decentralized AI Reduces Bias and Manipulation Risks

September 28, 2024

Albert Castellana, co-founder and CEO of Yeager.ai, believes artificial intelligence (AI) can propel blockchain-based applications beyond simple, static contracts. AI integration unlocks “much more subjective decision-making,” opening doors to entirely new use cases, he argues in written responses to Bitcoin.com News questions. Risks Associated With Centralized AI Models Castellana said he envisions developers creating applications…
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FBI Seizes $6M in Crypto From Southeast Asian Scammers

September 28, 2024

U.S. authorities have seized over $6 million worth of cryptocurrency linked to a fraudulent investment scheme organized by Southeast Asian criminals. Targeting U.S. individuals, the criminals manipulated victims through fake cryptocurrency platforms. The Department of Justice (DOJ) and the Federal Bureau of Investigation (FBI) recovered the funds using blockchain tracing. DOJ Seizes $6 Million in…
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Adorable Baby Hippo Inspires Moo Deng Token — Soars 1,398% in a Week

September 27, 2024

According to recent data, the Solana-powered meme token moo deng (MOODENG) has jumped 98% in the past 24 hours and shot up a stunning 1,398% over the last week. With this massive boost, the meme token has claimed the top spot as the day’s biggest winner, boasting a global trade volume of $147 million in…
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Blackrock Amasses $24 Billion in Bitcoin, Approaches 2% of Total Supply

September 27, 2024

From Jan. 11 to Sept. 26, 2024, Blackrock, the world’s largest asset manager, collected an astonishing 363,626.36 bitcoin, valued at just over $24 billion as of Sept. 27. This accumulation puts Blackrock’s exchange-traded fund (ETF), IBIT, on the cusp of controlling nearly 2% of bitcoin’s total supply. A Look at How Blackrock Quickly Accumulated Billions…
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Paypal Rolls Out Crypto Features for Business Accounts

September 27, 2024

Paypal has unveiled a new feature allowing U.S. merchants to buy, hold, and sell cryptocurrency from their business accounts. Although not yet available in New York, this move caters to increasing demand from businesses. Paypal has steadily ramped up its involvement in digital currencies, including the launch of Paypal USD (PYUSD) and its integration with…
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Phantom Wallet Joins Dydx, Easing Access for 7 Million Users

September 26, 2024

Dydx has announced its integration of the Phantom Wallet, a leading Solana-based non-custodial wallet, into its decentralized finance (defi) platform. This integration aims to simplify access for over 7 million Phantom users, aligning with Dydx’s goal to broaden participation in decentralized trading. Phantom Wallet Is Now on Dydx, Enhancing User Access The new integration allows…
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Crypto.com Unveils AI-Powered SDK for Blockchain Developers

September 26, 2024

Crypto.com has introduced a new artificial intelligence (AI) tool designed to aid developers in integrating natural language capabilities with blockchain functions. The new software development kit (SDK) aims to streamline development within the Web3 ecosystem by enabling easier interactions with Crypto.com’s services and blockchain protocols. AI Meets Blockchain: Crypto.com’s Latest Tool for Developers According to…
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Hamster Kombat’s Wild Start: HMSTR’s 30% Drop Rocks Market Debut

September 26, 2024

According to recent market data, the freshly minted hamster kombat (HMSTR) token has made its debut on several top-tier exchanges, only to tumble 30% in value within the last 24 hours. Hamster Kombat Token Drops 30% Amid First Day of Major Trading The token, tied to the blockchain game Hamster Kombat on the TON network…
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Experts Say P2E Games ‘Normalize’ Crypto in Emerging Markets

September 26, 2024

Play-to-earn blockchain games are driving crypto adoption in emerging markets, particularly in Southeast Asia, Latin America, and Africa. Experts attribute this growth to their accessibility, economic opportunities, and community-building benefits. One expert believes play-to-earn games can serve as a bridge to mass crypto adoption by leveraging the popularity of gaming and introducing users to the…
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