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Regulated Liability Network identifies proof-of-concept use case with digital pound.
The RLN, which places tokenized assets and liabilities on the same ledger, was tested with simulated cross-border CBDC transactions in a previous project. origin »
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Report suggests 6 billionaire crypto traders earned their fortunes from Bitcoin.
The firm behind the “Crypto Wealth Report” said it received a spike in the number of crypto-related inquiries by millionaires in the last six months. origin »
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Oxford scientists develop GPU-accelerated limit order book sim to teach AI how to trade.
The first-of-its-kind architecture gives up to a 7x speedup over traditional training methods.
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US-based Genesis Global Trading will eliminate its crypto spot trading service.
The company, an affiliate of Barry Silbert’s Digital Currency Group, has been providing crypto spot trading since 2013. Its closure is “for business reasons.” origin »
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Ether price risks losing the $1.6K support as multiple ETH price metrics decline.
A lack of network activity and ground lost to competitors could eventually play a role in ETH losing the $1,600 support.
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Financial Accounting Standards Board Sets Forth ‘Fair Value’ Rule for Cryptocurrency.
The FASB has announced it will update its crypto accounting rules. The post Financial Accounting Standards Board Sets Forth ‘Fair Value’ Rule for Cryptocurrency appeared first on BeInCrypto. origin »
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Cryptos, Stocks Drop as the Federal Reserve Anticipates More Rate Hikes.
Cryptos and stock indices Dow Jones, S&P 500, and Nasdaq experienced dips after Federal Reserve hints at further rate hikes. The announcement leaves investors wary and closely watching the central bank's next moves. origin »
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Crypto Exchanges Are the Least Trusted Financial Institutions, Survey Says.
Crypto exchanges are the least trusted financial institutions, according to a new survey. The post Crypto Exchanges Are the Least Trusted Financial Institutions, Survey Says appeared first on BeInCrypto. origin »
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Judge Froze Assets of Ex-Celsius Chief Alex Mashinsky.
A judge has ordered several bank accounts and a residential property belonging to former Celsius CEO Alex Mashinsky to be frozen. The post Judge Froze Assets of Ex-Celsius Chief Alex Mashinsky appeared first on BeInCrypto. origin »
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Binance Exec Exodus Continues as More Senior Figures Quits.
Binance's Russian management takes a knock as two key executives depart for undisclosed reasons. The post Binance Exec Exodus Continues as More Senior Figures Quits appeared first on BeInCrypto. origin »
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CBDCs Will Kill Off Traditional Banks, Claims Russian Politician.
Aksakov's claim that CBDCs could render traditional banks obsolete has triggered a global debate. While he sees a future without banks, skepticism and regulatory concerns abound. The post CBDCs Will Kill Off Traditional Banks, Claims Russian Politician appeared first on BeInCrypto. origin »
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PEPE Price Struggles Persist: Is More Pain on the Horizon?.
PEPE price has found a steady support buy-wall around the $0.0000008 territory. Is it on the verge of a price rebound? The post PEPE Price Struggles Persist: Is More Pain on the Horizon? appeared first on BeInCrypto. origin »
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Bitcoin BSC Crypto Project Launches Its Token Presale, Staking Pool.
Bitcoin BSC has today launched its $BTCBSC token presale, allowing investors to buy a low-fee Bitcoin alternative at just $0. 99. The project is built on the Binance Smart Chain to facilitate scalable, secure, and eco-friendly transacting. origin »
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Tornado Cash developer Roman Storm pleads not guilty to charges of conspiracy, money laundering; released on $2M bond.
Roman Storm, a key developer behind cryptocurrency mixer Tornado Cash, pleaded not guilty to several criminal charges, Inner City Press said on Sept. 6. That report indicates that Storm pleaded not guilty to charges contained within an earlier indictment. origin »
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Grayscale revealed as second-largest Bitcoin holder despite confidentiality efforts: Arkham Intelligence.
Blockchain analytical firm Arkham Intelligence identified Grayscale’s Bitcoin Trust as the second-largest Bitcoin (BTC) holder in a Sept. 6 post on X, formerly Twitter. The company said that the trust is the “second largest BTC entity globally” and that the fund contains over $16 billion of the flagship digital asset. origin »
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Japan’s SBI Group partners with Ripple, but XRP price remains unaffected.
Japan-based financial services company SBI Group has partnered with Ripple to use XRP to expand its international payment remittances to bank accounts in the Philippines, Vietnam, and Indonesia. In a Sept. origin »
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Hash rate decline corresponds to decrease in Bitcoin’s difficulty adjustment.
Quick Take 2023 marks a noticeable development in Bitcoin’s operational dynamics through a shift in difficulty adjustment—a mechanism that ensures consistent block discovery times despite varying hash power. origin »
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Alex Mashinksy’s assets were frozen by court order in August.
A federal court in New York issued a Post-Indictment Restraining Order against Alexander Mashinsky, former CEO of the bankrupt cryptocurrency lender Celsius Network, on August 16, 2023, freezing his assets and prohibiting any transactions. origin »
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Coinbase layer-2 network Base suffers first major outage since launch.
Block production on Base abruptly halted for 43 minutes as developers rushed to implement a fix.
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VC Spectra (SPCT) vs. ETC: Which Promises Higher Returns? SPCT Presale Analysis Inside.
The past few days have seen top altcoins like Ethereum Classic (ETC) and VC Spectra (SPCT) make notable price movements. Due to Grayscale’s victory against the SEC, Ethereum Classic (ETC) recently returned from its recurring decline. origin »
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What Next for Chainlink (LINK) Price After Tokenization Tests With SWIFT ?.
Recent changes in critical on-chain metrics suggest that Chainlink network participants are now positioning for a bullish LINK price reversal. The post What Next for Chainlink (LINK) Price After Tokenization Tests With SWIFT ? appeared first on BeInCrypto. origin »
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Visa expands cross-border stablecoin payments via Solana.
Visa is expanding its presence in the cross-border stablecoin payments ecosystem via a new venture involving the Solana blockchain. The company, which has a partnership with USDC stablecoin issuer Circle, announced today that it would be expanding its stablecoin offering from issuers to merchant acquirers. origin »
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Crypto Adherents Eye Watchvestor Ahead of Rally as Monero and Toncoin Stalls.
After attempting a brief comeback, both Monero (XMR) and Toncoin (TON) have seen their prices stall. As a result, many are exploring alternative opportunities. Among these opportunities, Watchvestor (WTVR) has garnered attention as crypto adherents seek to position themselves ahead of an anticipated crypto rally. origin »
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Adaptation and Growth: Bitfinex’s Resilience in the Crypto Revolution.
Bitfinex initially emerged in 2012 as a harbinger of change, fueling the evolution of digital trading. Armed with a steadfast mission, Bitfinex set out to provide a robust trading platform for Bitcoin and a plethora of cryptocurrencies. origin »
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Coinbase Singapore now requires counterparty’s personal information to process transactions.
Coinbase Singapore users must provide additional counterparty information when initiating cryptocurrency deposits or withdrawals from their accounts starting Sept. 5. The exchange said it introduced these measures in compliance with the Monetary Authority of Singapore (MAS) regulations on anti-money laundering and countering the financing of terrorism. origin »
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Paris Hilton and a16z Lead $54 Million Fight Against AI Copyright Infringement.
Story Protocol secures $54M in funding led by a16z to launch a blockchain-based platform addressing AI-generated content copyright issues. Paris Hilton is among the notable investors. The post Paris Hilton and a16z Lead $54 Million Fight Against AI Copyright Infringement appeared first on BeInCrypto. origin »
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Decoding SLRV Ribbons and what they mean for Bitcoin’s price.
Spent Lifespan Relative Value (SLRV) offers a lens into the age of coins transacted on the Bitcoin network. Essentially, it helps differentiate the actions of long-term holders and short-term speculators, acting as a measure of market sentiment. origin »
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Microsoft Unveils AI Tools to Improve Computational Efficiency and Memory Use.
Microsoft Research has developed a set of four AI compilers aimed at radically improving computational efficiency, memory usage, and control flow in AI models, potentially reshaping AI compilation. origin »
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Ton Foundation Founded in Switzerland as a Non-profit Organization.
The Open Network Foundation (TON Foundation), the non-profit association supporting the growth of The Open Network (TON), announces its official launch as a Swiss non-profit organization. Switzerland is known for its rich history of technological innovations across multiple industries, including its clear and precise legal framework surrounding blockchain and cryptocurrency. origin »
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NEO Price Rebounds at $7: Is a 30% Increase Imminent?.
The NEO price can confirm its bullish trend reversal with a breakout from its descending parallel channel. The post NEO Price Rebounds at $7: Is a 30% Increase Imminent? appeared first on BeInCrypto. origin »
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How Justin Bieber Fans Stand to Earn Royalties From New Song NFT.
Pop superstar Justin Bieber will release 2,000 NFTs from his popular song "Company"from which fans will earn streaming royalties. The post How Justin Bieber Fans Stand to Earn Royalties From New Song NFT appeared first on BeInCrypto. origin »
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Digital ruble rise threatens future of conventional banking in Russia.
Anatoly Aksakov, the chairman of Russia’s Financial Market Committee in the State Duma, suggested that the Digital Ruble, a central bank digital currency (CBDC), could potentially render traditional banks redundant, as local media outlet Ria reported on Sept 5. origin »
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Larry David’s Super Bowl Ad Casts Doubt on FTX.US Separation, DOJ Says.
Sam Bankman-Fried says the FTX exchange’s bankruptcy isn’t relevant to the October fraud trial origin »
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