Cryptocurrency news - Blockchain
Gate.io denies liquidity problems after Multichain CEO goes missing
Some Twitter users posted transactions showing large inflows of MULTI and FTM to Gate.io, leading them to perceive a connection between the two organizations. Centralized crypto exchange Gate.io denied rumors of illiquidity on May 31, stating that “there are no issues with our o...
Another dormant Ethereum wallet reawakens after 8 years, moving millions
Its owner acquired the tokens during Ethereum’s ICO in 2015, when each ETH was worth only 31 cents each. An Ether ETH $1,897 wallet that has been inactive since Ethereum’s ICO (Initial Coin Offering) in 2015, has suddenly awoken after eight years of dormancy, moving a total of...
Distributed ledger tech could save TradFi $100B a year: Lobby group
A new report from the Global Financial Markets Association says regulators need to take distributed ledger technology more seriously. Around $100 billion a year or more could be saved if distributed ledger technology (DLT) was used in traditional markets, claims a new report fro...
Big breath as Beacon Chain stops finalizing ... and then recovers
The Ethereum mainnet briefly stopped finalizing transactions but recovered after 25 minutes. An unidentified issue on Ethereum’s Beacon Chain led to an issue with transaction finality for nearly half an hour on May 11. Around 8:15 pm UTC on May 11, a number of Ethereum core de...
Elon Musk to launch truth-seeking artificial intelligence platform TruthGPT
The tech billionaire made the announcement during a Fox interview on April 17. According to an April 17 Fox News report, Elon Musk told Fox anchor Tucker Carlson that he’s developing a ChatGPT rival known as “TruthGPT,” a large language model (LLM) that Musk says will be trained...
CoFund tokenizes $10M hotel in Bali via Tokeny
The minimum purchase amount for the hotel's tokenized ownership is $1,000. Tokenization infrastructure provider Tokeny has partnered with Ethereum real-estate tokenization marketplace CoFund, according to an April 11 announcement, in a collaboration that will enable CoFund to is...
The government should fear AI, not crypto: Galaxy Digital CEO
Galaxy Digital CEO Mike Novogratz believes regulators have got it "completely upside-down" on crypto vs AI regulation. Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for crypto rather t...
Disney reportedly scraps its metaverse division
The metaverse division was initially created to work on new ways of engaging Disney’s audience. Entertainment giant Disney has reportedly ditched its metaverse division as part of a broader restructuring plan to cut its operating expenses by $5.5 billion and lay off 7,000 staff...
Aussie crypto exchange hints interest in Hong Kong base, but it’ll depend
The CEO of Independent Reserve says Hong Kong's "friendly" licensing regime makes it a worthy destination to set up shop, but there are other factors to consider. Australia-based crypto exchange Independent Reserve is looking at opportunities to set up shop in Hong Kong, as the...
Stargate foundation advises DAO against reissuing STG tokens
The Stargate Foundation, in agreement with FTX liquidators, has advised the DAO that issuing the STG token could put its safety at risk and may violate the automatic stay. Stargate Foundation has advised its decentralized autonomous organization (DAO) against reissuing Stargate’...