Cryptocurrency news
Bitcoin Cash enables CashTokens upgrade on its network
Bitcoin Cash developer Jason Dreyzehner states that the latest upgrade incorporates support for CashTokens, which he considers a “tool for expanding financial access.” The Bitcoin Cash BCH $116 network underwent a major upgrade on May 15, allowing developers to create tokens w...
OpenAI CEO in ‘advanced talks’ for $100M Worldcoin funding: Report
“Existing and new investors” will contribute to the $100 million, according to someone familiar with the situation. OpenAI boss Sam Altman is reportedly in “advanced talks” of securing $100 million funding for Worldcoin, a project aimed at creating a collectively owned and globa...
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...
Google I/O: Tech giant slings raft of new AI tools — So what’s coming?
Google unveiled a slew of AI features at its latest I/O conference, with new, improved AI models to be integrated across all of its major products. Tech giant Google announced a plethora of new Artificial Intelligence (AI)-backed features during its annual Google I/O conference,...
PayPal’s crypto holdings increased by 56% in Q1 2023 to nearly $1B
The lion’s share of the fintech’s held cryptocurrency assets lies in BTC and ETH with $499 million and $362 million, respectively — up more than 56% since Q4 2022. Financial technology company PayPal recently disclosed its cryptocurrency holdings in a quarterly report filed to t...
Ordinals inscriptions approach 4.8M, nearly doubling in just over a week
The BRC-20 token frenzy has seen the number of Ordinals inscriptions on the Bitcoin network soar 92% in just eight days. The number of Ordinals inscriptions on the Bitcoin BTC $27,688 network has witnessed another meteoric rise, almost doubling from 2.5 million to 4.78 million...
Hollywood studios reject banning AI from writer’s rooms
The Writers Guild of America sent out a list of demands to Hollywood studios, including regulating AI usage in guild-affiliated projects. Artificial intelligence (AI) brings yet another industry into a hot debate over its usage as Hollywood and the greater media industry faces p...
Scientists in Texas developed a GPT-like AI system that reads minds
A new study demonstrates how the tech underlining ChatGPT can decode brain scans; recent AI progress indicates this could have implications for blockchain and Web3. Researchers at the University of Texas at Austin have developed an artificial intelligence (AI) system capable of...
CFTC wins record $3.4B penalty payment in Bitcoin-related fraud case
The CFTC said it’s the largest fraudulent Bitcoin scheme charged in any of its cases and the “highest civil monetary penalty ordered in a CFTC case.” A record-breaking $3.4 billion penalty has been handed down by a Judge in a lawsuit brought by a United States financial regulato...
Hong Kong security regulator to issue crypto license guidelines in May
The crypto business guidelines were reportedly revealed by the chief executive of Hong Kong’s Securities Futures Commission, Julia Leung. The Hong Kong Securities Futures Commission (SFC) is reportedly set to release cryptocurrency exchange licensing guidelines next month. The...