Hong Kong is asking banks to accept crypto clients more
The Central Bank of Hong Kong has specifically asked banks under it to help crypto firms by providing financial services. It wants the banks to work well with “virtual asset service providers” by providing them with fiat ramps and similar services.
Top 6 stablecoins by marketcap
Stablecoins are cryptocurrencies whose values are always pegged to that of another currency, commodity, or financial instrument. They are an alternative to the high volatility of other cryptocurrencies and fiat currencies, which may be hard to use digitally.
Tether USDT de-pegs as Curve 3Pool destabilizes
Tether’s USDT traded on a discount of up to 0.25% on June 15, 2023, due to imbalances in Curve 3Pool. Curve 3Pool is one of the most popular pools for stablecoin trading in decentralized finance. Therefore, a miscalculation or imbalance of reserves can affect its stablecoins.
EU lawmakers pass the first comprehensive artificial intelligence rules
EU leads the world in regulating artificial intelligence by passing the first comprehensive set of regulations. The new rules will monitor how generative AI like GPT4 is built and released commercially.
France invites Elon Musk to build a Tesla factory though it threatens Twitter
France Digital Minister Jean-Noel Barrot hints that the country is planning to convince Elon Musk to invest in the next Tesla Gigafactory there. Barrot made these statements in an interview with a CNBC Journalist on June 14 though she also noted that if his Twitter platform does not comply with the upcoming EU Digital Services Act, it will get banned.
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Hot Stories
Tether set to mine Bitcoin using green energy in Uruguay
Key PointsTether to do more than minting USDT; Bitcoin in mind Key Points Stablecoin company, Tether, said on May 20, 2023, that it would commit its resources to mining Bitcoin in Uruguay using renewable energy. As Bitcoin halvings increase, Bitcoin's mining hash rate...
Tron Network had a $500M risk, says security firm
Tron Network has been discovered to have a $500M vulnerability. This vulnerability was first discovered in February and reported to the right team, which was resolved in a few days. Today, the research team at dWallet Labs published an article detailing how they discovered the zero-day vulnerability in Tron’s multi-signature accounts and helped resolve it.
Bitcoin Ordinals to bridge to Ethereum via the launch of BRC-721E standard
Bitcoin Ordinals NFTs are set to get bridgeable with the Ethereum blockchain as a new token standard is launched to facilitate inter-chain communication. The BRC-721E token standard launched by the Ordinals market and Miladys NFT collection allows users to migrate their ERC-721 NFTs to Ordinals.
Bitcoin price trades at $5K cheaper at Binance Australia as customers seek to exit the crypto market
Bitcoin Price in Binance Australia has been trading at around $5,000 lower than the international markets as customers seek to exit the market. On May 18, the exchange informed its customers that it would suspend the Australian Dollar following issues by its third-party services provider.
A Bitcoin price crash is happening, what is the reason behind the pullback?
A Bitcoin price crash is happening with its marketcap receding from yesterday’s 542.46B to 536.97 B. This drop is off 1.01% from yesterday and -4.24% from a year ago.
Michael Saylor says Bitcoin’s cryptography could do away with fake identities-Bitcoin Conference 2023
Michael Saylor, who founded and heads Microstrategy, one of the largest institutional holders of Bitcoin, has been a vocal voice in the crypto space. At the Bitcoin Conference 2023, he said that using public blockchains like Bitcoin could solve most problems facing the cybersecurity space.