Ripple acquires in-principle license for digital asset services in Singapore
Ripple has scored another regulatory win as it acquires an in-principle license to serve customers in Singapore. The Monetary Authority of Singapore (MAS) approved the approval per a June 22 statement.
Cameron Winklevoss believes “The great accumulation” of Bitcoin has begun
Cameron Winklevoss, a Gemini co-founder, believes that the great accumulation for BTC is here with different TradFi institutions racing to buy in. His comments come when BlackRock, the world’s largest investment manager, filed for an ETF, prompting its competitors to follow suit.
Layer 2 Polygon to upgrade Polygon PoS Chain compatible with zkEVM
On June 20, Polygon Labs, the company behind the Ethereum scaling solution Polygon network, published a pre-proposal post seeking to make its primary chain compatible with zero knowledge of Ethereum Virtual Machine technology.
US lawmakers introduce the National AI Commission Act
US lawmakers are pushing a bipartisan bill (National AI Commission Act) to regulate the emerging Artificial Intelligence industry and catch up with competitors like the EU while dealing with the risks involved. The bill seeks to create a commission under the Federal government and oversee AI building, distribution, and usage.
Elon Musk meets with India’s Prime Minster for business deliberations
Elon Musk has met with India’s Narendra Modi for deliberations on business and investment opportunities as he gears up to invest in the country. The meeting occurred on June 21, 2023, days after he visited France, Italy, and China for similar purposes.
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Hot Stories
Top European Stocks to plummet 10% in the summer-Morgan Stanley
Morgan Stanley has predicted that the top European stocks may fall by over 10% this summer as a harsh economic season grapples the Euro Zone. Morgan Stanley has already cut its sector rating on financial to neutral in favour of Pharmaceuticals.
Apple Vision Pro headset reveal resuscitates debate on metaverse vs virtual reality
Apple Vision Pro headset revealed at the WWDC on June 5 and dubbed the first special computer edging out VR, AR and metaverses.
CFTC, Coinbase, and Robinhood to testify in Congress over draft crypto bill
CFTC, Coinbase and Robinhood have been called up to testify in the U.S. on June 6, 2023, regarding a newly proposed crypto regulation bill
A crypto crash occurs following SEC’s lawsuit against Binance
The Binance lawsuit has triggered a soft crypto crash, significantly decreasing major cryptos prices. At the moment of writing, Coinbase Stocks were down by 10%, while Binance had suffered a $700M+ in outflows
CZ laments SEC’s attack on Crypto
Binance CEO Changpeng Zhao (CZ) has expressed concern with the U.S. SEC after it sued the U.S. installment of the exchange. This branch has been operating away from the international one offering lesser crypto assets to comply with the U.S. regulations.
What is a node in blockchain
The question of what is a node in blockchain is best answered by visualizing a blockchain network. To be a network, it needs several intercommunicating computers/ devices that can write, upload and verify data that goes to the software behind the network.