Many crypto exchanges have severed connections with Silvergate Bank. Users of Bybit may no longer make new deposits in US dollars. Bybit, one of the leading cryptocurrency exchanges, said on Saturday that it has temporarily suspended bank transfers of US Dollars. The exchange blamed interruptions in service from its banking partner but did not specify […]
BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea
Crypto exchange Binance has been accused of “blatantly” copying the winner of the BNB Chain hackathon after launching Bicasso — an AI-based nonfungible token (NFT) creation tool. Binance allegedly ripped off a tool created by Chatcasso just two months after awarding them first prize in a BNB Chain hackathon held in Seoul from Dec. 17–19, […]
BNB Chain hackathon winner accuses Binance of stealing AI-powered NFTs idea
Chatcasso won the first prize in the BNB Chain hackathon for creating an AI-powered tool for creating NFTs and won $5,000 in BUSD, held in Seoul between Dec. 17 to 19, 2022.
Don’t Panic! Shanghai Upgrade Unlikely to Crash Ethereum’s Price
The crypto market is buzzing with anticipation for Ethereum’s upcoming Shanghai upgrade set for April 2021. This much-awaited upgrade, the latest major development after last year’s Merge, will allow users to unlock and withdraw from staking contracts, leading many to suspect the potential for a new overhang in ETH’s price. But, according to digital asset […]
Reserve Bank of Australia explores CBDC use cases as it plans ‘live pilot’
Australia and New Zealand (ANZ) bank and the Commonwealth Bank will handle nature-based asset trading of the CBDC pilot, while the Australian Bond Exchange will handle corporate bond settlements. […] Read More… The post Reserve Bank of Australia explores CBDC use cases as it plans ‘live pilot’ appeared first on CoinGeek.
Web 3.0 Woundup –5/03/23
Reading Time: < 1 minute This week’s Web 3.0 woundup sees Yuga Labs join the rush to Bitcoin, the Dookey Dash winner sell his prize for $1.63 million, and Binance’s AI NFT tool Bicasso go mint crazy! Don’t forget to collect $200 as you pass go. Yuga Labs Joins Bitcoin NFT Bandwagon Bored Ape creator […]
Monetary policy of cryptocurrencies, explained
The design choices, such as the level of privacy — i.e., anonymous or fully traceable transactions — implemented in the creation of a CBDC can have significant implications for monetary policy. Continuing the privacy design choice example, let’s understand its impact on monetary policy in the following two scenarios. Scenario 1: Anonymous and untraceable transactions […]
Monetary policy of cryptocurrencies, explained
Monetary policy for cryptocurrencies is a game-changer — with fixed supplies and decentralized control, they challenge traditional monetary policy tools.
Large USDT transfer between Tron and Ethereum results in…
Tether’s USDT swap from Tron to Ethereum may be part of a collaboration to boost liquidity. Tether noted that the large transfer will not lead to an increase in the supply of USDT in circulation. Tether recently announced plans for a major cross-chain swap that would transfer 1.6 billion USDT from the Tron network to […]
ChatGPT, Tech Map, Capital Story: Unveiling the Mystery Boss
OpenAI, the company behind ChatGPT, has become the fastest-growing consumer application in history. With more than 30 executives, engineers, and researchers leaving the company to start their own companies, OpenAI has raised over US$1 billion in financing and created the “OpenAI Mafia”, a powerful network of talent, social connections, and capital opportunities. This new generation […]