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Softbank CEO says company’s purpose is to create ‘artificial super intelligence’
22.6.2024
Billionaire finance mogul Masayoshi Son also said that AI will be 10,000X smarter than humans by 2035
CBDC privacy concerns and ‘lack of purpose’ stall progress: 4 out of 167 live
5.6.2024
Government interest in CBDCS was a knee-jerk reaction to the popularity of crypto and the rise of private stablecoins
Ghana, Singapore conduct trade in semi-fungible token pilot project
17.5.2024
Project DESFT is meant to encourage trade between small businesses using a CBDC and a stablecoin, with an emphasis on credentialing
Public blockchain ledgers ‘not fit for purpose,’ says JPMorgan
8.5.2024
Despite the criticism, TradFi institutions still prefer using public blockchains for real-world asset tokenization
Meme coins: Betrayal of crypto’s ideals… or its true purpose?
1.5.2024
Meme coin fans think “serious” crypto investors are mid-curving it. Serious crypto investors think meme coin fans are idiots
Cardano Founder Charles Hoskinson Reiterates Core Purpose of Cryptocurrency – Here’s What You Need to Know
25.4.2024
In a heartfelt article shared on X on April 25, Charles Hoskinson, the founder and CEO of Cardano Blockchain, reminded the cryptocurrency world of the real motivation and ideology of digital currencies. He made it clear that their application goes well beyond trade.
The post Cardano Founder Charles...
Disclosing the purpose and functionality of crypto faucets!
20.2.2024
Crypto faucets have become an interesting element of the crypto gaming world. Gavin Andresen first created it in 2010 and later became instrumental in educating the masses about cryptocurrency. These games play a pivotal role in connecting the demand and supply in the market and attracting...
Ripple to Acquire Standard Custody to Strengthen Regulatory Licenses Portfolio
13.2.2024
Ripple has announced a deal to acquire the New York-based digital asset platform Standard Custody and Trust Company, pending regulatory approval. Once the acquisition is finalized, Ripple will become the sole shareholder of Standard Custody, leveraging its limited-purpose trust charter and money...
AI Tokens are Back in the Limelight – Meme Coin Investors Scoop Up Scotty the AI Before the Presale Ends
9.2.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Scotty the AI ($SCOTTY) is a new meme coin that has both utility and purpose integrated into its framework. In a market characterized by hype and speculation, $SCOTTY stands out with advanced...
Bitmain’s Mining Firm BitFuFu Set to Go Public in the U.S. via SPAC
7.2.2024
BitFuFu, a bitcoin mining firm affiliated with Bitmain, a prominent player in the cryptocurrency mining industry, is advancing towards a public listing in the United States through a merger with a special-purpose acquisition company (SPAC). On December 31, BitFuFu filed an F-4 form with the U.S....
FINRA-Registered Digital Asset Platform Prometheum to Launch Ether Custody Services
7.2.2024
Prometheum, the first U.S. special purpose broker-dealer authorized to custody, clear, and settle digital asset securities, disclosed that it is now providing custodial services for the cryptocurrency ethereum. This announcement arrives amidst a period where the prominent crypto asset, ethereum...
WisdomTree ‘Very Close’ to Securing New York License for Crypto Services: Fox Business
6.2.2024
WisdomTree, known for its spot Bitcoin exchange-traded fund (ETF), is reportedly finalizing efforts to secure a license from the New York Department of Financial Services (NYDFS). WisdomTree to Get Limited Purpose Trust Charter According to Fox Business reporter Eleanor Terrett, the NYDFS is nearly...
Chimpzee Continues Giving Back As Wholesome Web3 Project Raises Staking Returns to 40%
26.1.2024
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. The wholesome Web3 project Chimpzee continues giving back to its community after announcing that it raised its staking returns to 40%. The project shows the world that Web3 can be used for a greater...
Crypto Mystery Deepens with 21,000 Ordinal Inscriptions Airdropped in Enigmatic Bitcoin Game
23.1.2024
In a mysterious development, someone has airdropped 21,000 digital inscriptions, known as RSICs, to the Bitcoin Ordinals community as part of a Bitcoin game promotion. The message on one of the inscriptions suggests a “technological arms race” related to securing a bag of runes has begun, and...
Hong Kong Regulators Unveil Public Consultation Paper on Stablecoin Regulation
28.12.2023
Hong Kong Monetary Authority (HKMA) and Financial Services and the Treasury Bureau have released a public consultation paper to gather residents’ opinions on the proposed regulatory regime for stablecoin issuers. The HKMA also announced the introduction of a sandbox arrangement whose purpose will...
New York Offers New Virtual Currency Guidance
22.12.2023
On Nov. 15, 2023, the New York Department of Financial Services (NYDFS) issued new standards for virtual currency (coin) listings and delistings. These new regulations apply to Bitlicensees and limited-purpose trust companies and include business model considerations for virtual currency entities...
UK Treasury Unveils Regulatory Framework for Digital Securities Sandbox
19.12.2023
Source: Pixabay The UK Treasury has revealed its regulatory framework for a Digital Securities Sandbox under the Financial Services and Markets Act. In a memo published on Monday, the UK Treasury explained that the purpose of these regulations is to establish a regulated setting, enabling both...
Amazon launches ‘Q’ — a ChatGPT competitor purpose-built for business
29.11.2023
Employees in HR, legal, product management, design, manufacturing and operations departments will benefit from Q, said AWS CEO Adam Selipsky
Meme Coin Goes Green: How One Crypto Project is Saving the Planet
27.11.2023
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content. Cryptocurrency presales allow early adopters to purchase tokens at exclusive discounted rates. One such purpose-driven crypto project, Chimpzee, is currently in the midst of a successful presale...
Report: Stablecoin Giant Circle Eyes 2024 Public Listing
9.11.2023
According to anonymous sources familiar with the matter, Circle Internet Financial Ltd., the second-largest stablecoin issuer, plans to go public in 2024 via backing from Blackrock, Goldman Sachs, and others. The news follows Circle’s special-purpose acquisition company (SPAC) plans to offer...