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Reebok debuts an interesting AI-powered digital wearable
13.5.2024
Reebok has created a path-breaking digital wearable technology for its “Reebok Impact” initiative. This unique program empowers users to convert their pictures to create extraordinary digital styles of sneakers. Reebok collaborated with Futureverse to develop an artificial intelligence...
Despite $250 Billion Worth of Transactions, Digital Yuan Users Prefer Physical Cash
13.5.2024
Some participants of China’s Central Bank Digital Currency (CBDC) pilot program, specifically state workers paid in digital yuan (e-CNY), are quickly converting their digital currency to physical cash due to concerns over its utility and lack of incentives like interest on savings. Despite...
Philippines begins Peso-backed stablecoin sandbox testing
13.5.2024
The test aims to evaluate PHPC's real-world performance, its impact on the local fiat ecosystem, and its potential uses including payments, trading, and DeFi applications
Chinese workers paid in CBDC are cashing it out for real money: Report
13.5.2024
Some participants of China’s CBDC pilot program are reportedly hesitant to hold onto the digital yuan, citing a range of concerns with using the state-backed digital currency
Bitcoin sats the ‘most valuable digital canvas ever’ — Ordinals artist
13.5.2024
The “epic sat” mined from the fourth halving block now contains 3D neurogenerative artwork with music and an AI-generated voice from Grimes
Kraken Challenges SEC Overreach in Recent Court Filing
12.5.2024
In a recent motion to dismiss a case brought by the Securities and Exchange Commission (SEC), cryptocurrency exchange Kraken argued that the SEC’s legal theory misinterprets crucial aspects of the case. The court document, dated May 9, 2024, claims the SEC fails to identify legitimate...
US Regulatory Clarity for Crypto: Landmark Legislation FIT21 Act Heads to House Vote
11.5.2024
The House Committee on Rules has decided to review the Financial Innovation and Technology for the 21st Century (FIT21) Act, paving the way for a floor vote later this month. The legislation sets a path for enhanced regulatory clarity in the U.S. crypto ecosystem, balancing robust consumer...
NFT Sales See Week-Over-Week Decline as Market Continues to Cool
11.5.2024
Non-fungible token (NFT) sales from May 4 to May 11, 2024, saw an 11.35% decline compared to the previous week’s figures. Leading the sales, Bitcoin-based NFT transactions totaled $49.8 million, yet this was a 13% decrease from the preceding week. NFT Marketplace Struggles as Sales Dip...
What is cryptocurrency insurance, and how does it work?
11.5.2024
Learn how cryptocurrency insurance protects your digital assets from theft, hacks and other risks. Understand the coverage options and how this specialized insurance works
Senate Urged to Swiftly Overturn SEC’s ‘Misguided’ Crypto Rules
11.5.2024
Following the U.S. House of Representatives passing a resolution to overturn the SEC’s Staff Accounting Bulletin 121 (SAB 121), Senator Cynthia Lummis has urged the Senate to do the same. The resolution aims to prevent regulatory overreach that makes it prohibitive for financial institutions...
Erik Voorhees Unveils New AI Platform Promising Privacy and Unfiltered Free Speech
10.5.2024
Erik Voorhees, founder of Shapeshift, has announced the debut of Venice, an artificial intelligence (AI) application that promises enhanced privacy and unrestricted free speech. Unlike mainstream AI services, Venice is designed to operate without the “Orwellian” oversight typical...
House expected to vote on crypto bill offering SEC, CFTC clarity in May
10.5.2024
The Financial Innovation and Technology for the 21st Century Act passed out of committee in July 2023 but could be headed for a full floor vote in the U.S. House of Representatives
Stand With Crypto Launches PAC To Back Pro-Crypto Politicians Ahead of November Elections: Reuters
10.5.2024
Digital asset advocacy group Stand With Crypto has launched its own political action committee (PAC) set to back pro-crypto politicians a Friday report from Reuters reveals. News of the PAC comes as crypto continues to be a significant concern for voters the lead-up to the November 2024...
Ondřej Vlček končí v čele Gen Digital, nástupnické firmy Avastu
10.5.2024
V čele kyberbezpečnostní firmy Gen Digital, která je nástupcem společnosti Avast, končí její český prezident Ondřej Vlček. Firma to oznámila v rámci zprávy o svých hospodářských výsledcích
SBI Digital Asset Holdings and Chiliz to launch Fan Tokens in Japan
10.5.2024
SBI Digital Asset Holdings Co., Ltd., the asset branch of SBI Holdings, has revealed a collaboration with Chiliz, a well-known blockchain provider in the sports and entertainment industries, to establish a joint venture in Japan. It is believed that this partnership will enhance the sports...
Marathon Digital Reports Facing ‘Operational Challenges’ in Q1 Earnings
10.5.2024
Bitcoin mining firm Marathon Digital reportedly battled against “operational challenges” to produce record financial results in the first quarter of 2024.
The post Marathon Digital Reports Facing ‘Operational Challenges’ in Q1 Earnings appeared first on Cryptonews
Marathon Digital misses Q1 estimates on bad weather, utility failures
10.5.2024
The Bitcoin miner’s top line came below expectations due to “unexpected equipment failures” and worse-than-predicted weather at multiple mining sites
Bitcoin Miner Marathon Digital Misses Q1 Revenue Expectation On Operational Challenges
9.5.2024
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Ripple and XRPL Labs Join Alliance to Develop Blockchain Recovery Standards
9.5.2024
Ripple and XRPL Labs have become founding members of the Derec Alliance, which aims to create an interoperable recovery standard for digital assets. This initiative is expected to simplify the recovery process and encourage widespread adoption by making digital asset management more user-friendly...
Digital Currency Group revenue jumps 51% in 1Q24 despite GBTC outflows
9.5.2024
Revenue at Digital Currency Group (DCG) increased 51% to $229 million in the first quarter of 2024, driven by the rebound in crypto markets