As Hong Kong takes center stage in the regional crypto business, local firms are trying to expand their customer base. One such firm, HashKey Group, is reportedly raising up to $200 million in funding to tap new opportunities. HashKey Eyes $200 Million in Funding Targeting a more significant share of the Asian crypto market, Hong...Read More
Bitcoin-friendly Republican Senator Cynthia Lummis doesn’t think the Biden Administration’s proposed 30% excise tax on Bitcoin miners isn’t likely to make it through the House. On stage at Bitcoin Miami 2023, the politician remained supportive of miners, and believes the industry’s proliferation throughout the United States is a matter of national security. Mining: Dirty or...Read More
The ordinals are coming in dank this week. Bitcoin Frogs was the #1 selling NFT collection for the 24-hour period on Wednesday. Frogs sales outpaced Bored Apes Yacht Club, CryptoPunks, and other popular collections for the day. The BRC-20 memecoin project describes itself as “10,000 unique frog collectibles minted directly on the Bitcoin Blockchain.” As...Read More
Global payments giant Visa has deployed experimental smart contracts on Ethereum’s Goerli testnet to pilot gasless transactions through account abstraction. The two sets of smart contracts, dubbed Paymaster, will simplify user interaction with the Ethereum network by performing complex tasks and managing transaction costs on behalf of other accounts. Visa Tests Paymaster for Frictionless Transactions...Read More
Ether holders are rushing to stake their tokens with network validators. This has pushed the deposit activity to the highest level since the Shapella upgrade last month. In fact, the total volume of crypto-asset staked has exceeded 20 million. The latest milestone comes a month after the much-anticipated Ethereum Shanghai upgrade that brought a record-breaking...Read More
Recently, Bitcoin, the leading digital asset, displayed intense volatility near the $27,000 mark. The catalyst behind this wild swing was none other than the Federal Reserve’s chairman, Jerome Powell, who hinted at an imminent end to rate hikes. This unexpected development sent shockwaves through the crypto markets, igniting a frenzy among investors. US Fed’s Jeromy...Read More
Developers of decentralized exchange (DEX) Swaprum have drained $3 million in ether (ETH) tokens from the protocol in an apparent rugpull, otherwise known as an exit scam. The exchange, launched on the Ethereum layer-2 network Arbitrum, offers high farming rewards, low swapping fees, and potential earnings of up to 100% annual percentage yield (APY). Swaprum...Read More
[PRESS RELEASE – New York, United States, May 19th, 2023] Hyperspace, the pioneering NFT marketplace, and launchpad, today announced a partnership with Mysten Labs, a web3 infrastructure company and original contributor to Sui, a Layer 1 blockchain, to help bring Hyperspace onto the protocol. As one of the leading open web marketplaces for NFTs, Hyperspace...Read More
Ripple (XRP) is this week’s frontrunner as the rest of the market continues to either consolidate or trade in a ruthless chop. The cryptocurrency has defied expectations and is trending upwards with little signs of slowing down. Here are a few possible reasons why and whether this rally could go any further. Case Against SEC...Read More
The crypto space has been experiencing a roller coaster ride since the beginning of the month. The major crypto assets have remained stuck within very narrow regions, and the new tokens have displayed acute strength. Meanwhile, the DOGE price is closely accumulating within a restricted region, but the upcoming price action appears to be misty. ...Read More
American artificial intelligence research laboratory OpenAI announced the launch of an iOS app for ChatGPT. Similar to the original web model of the chatbot that was released around six months ago, the app is also a free-to-use version that is built on GPT-3.5. The existing subscribers of ChatGPT Plus will be able to have exclusive...Read More
On May 18, the company announced upgrades to Coinbase One, a membership account that offers zero trading fees, boosted staking rewards, and priority support. However, the catch is that users will have to stump up $30 a month for the privilege. Coinbase has often been criticized for having some of the highest trading fees in...Read More
