Tag: Markets

Crypto.com receives Bank of Spain’s approval to expand crypto services

Crypto.com gains regulatory approval from the Bank of Spain, expanding its crypto services in Spain The company's strong compliance efforts lead to global...

$7.8B lost in cryptocurrency pyramid and ponzi schemes in a year

Cryptocurrency pyramid and Ponzi schemes edged out with a staggering $7.8 billion in 2022, according to TRM Labs Investment fraud involving cryptocurrency rose...

HSBC, Hong Kong’s largest bank, launches cryptocurrency services

HSBC, Hong Kong's largest bank, has reportedly introduced local cryptocurrency services, allowing customers to buy and sell The bank offers cryptocurrency ETFs listed...

Bitcoin dominance in the crypto market surpasses 50 per cent

Bitcoin dominance, a metric that measures the percentage of Bitcoin's market capitalization to the total cryptocurrency market cap, has surpassed the 50% mark. ...

Three AI applications for video editing

Artificial Intelligence has transformed video editing, offering advanced tools and capabilities to enhance the process. Developers have created various tools and applications that...

FTX co-founder Sam Bankman-Fried slapped with two criminal trials

The former CEO is now facing two separate trials for the charges against him during his time as the CEO, including mismanagement of...

Crypto payments platform Wyre closes, cites bear market pressure

Cryptocurrency payment platform Wyre has closed its operations after nearly a decade in business The firm urged users with assets on its platform...

Crypto wash trading and the need for comprehensive regulation

Wash trading is a form of illicit market manipulation where an entity buys and sells the same financial asset to create a false impression of market activity. This practice gained traction with the rise of electronic trading in the early 2010s, as algorithmic trading programs began churning trades at unprecedented speeds. This old illegal financial market trick has unfortunately found its way into the crypto industry.

Japan’s largest airline ANA, launches NFT marketplace

The largest airline in Japan, All Nippon Airways (ANA), has recently launched a Nonfungible tokens (NFT) marketplace. Nonfungible Tokens (NFTs) have been absorbed...

OpenAI launches grant for developing Artificial Intelligence regulations

OpenAI revealed plans to award ten grants of $100,000 each to support experiments focused on establishing a "proof-of-concept" democratic process for determining rules...

Mistakes to avoid when launching new NFT collection

NFTs are Nonfungible tokens and have experienced an unprecedented surge in popularity globally.  Many users opt to launch their own NFTs collection, and...

Bitcoin Pizza Day 2023, celebrating 13 years after first BTC transaction

The Bitcoin Pizza Day celebrates the first-ever Bitcoin transaction anniversary on May 22 every year. The first BTC transaction was made by Laszlo...

Hotbit ceases operations, urges users to withdraw funds

Hotbit, a popular cryptocurrency exchange, shocked its users by announcing that it would cease operations starting May 22. Hotbit has been experiencing deteriorating...

Exploring paths to retrieve stolen bitcoin from cryptocurrency scams

Recovering stolen Bitcoin is a complex task due to the inherent characteristics of blockchain transactions. Web3 and cryptocurrency industries' growth has come with...

Blockchain and crypto revolutionizing Africa’s digital financial landscape

Blockchain technology can solve Africa’s financial needs—precisely the disruption needed to level the playing field. This parallel financial structure can serve a tangible social good, offering an onramp to Africa’s financial landscape for people who would otherwise be excluded. The local currencies’ depreciation in Africa has made them no longer a safe store of value. While remittances comprise a hefty portion of GDP, international sanctions complicate linkages to the global economy. Thus, blockchain and crypto can offer a lifeline for the survival of Africa’s financial landscape.

History of AI from 20th Century to the modern world

Artificial Intelligence has changed how business is running in every sector of the world  AI has evolved from the Turing machine to modern...