Author: Stephan

In the ever-fluctuating world of cryptocurrencies, one number keeps climbing relentlessly: the Grift Counter on Molly White’s blog, “Web3 Is Going Just Great,” recently surpassed $12 billion. White launched her blog in December 2021 out of frustration with the mainstream media’s coverage of crypto, which she believed focused too heavily on rags-to-riches success stories while neglecting its darker aspects. Her mission was to provide a more comprehensive view, chronicling thefts and failures, debunking marketing hype, and highlighting the inherent risks. A software engineer by profession, White coded “Web3 Is Going Just Great” as a personal side project, initially meant solely…

The Brazilian football (soccer) icon Ronaldinho has failed to show at a parliamentary hearing on crypto pyramids, and could face jail time if he refuses to attend another hearing later this month. Per Sportes and Livecoins.The Brazilian Chamber of Deputies’ Financial Pyramids Committee had summoned the former Barcelona star and Brazilian nation team player on Thursday August 24. But Ronaldinho failed to appear at the hearing, drawing the ire of the lawmakers who issued him with a summons. The commission’s president Aureo Ribeiro MP responded by stating that if Ronaldinho fails to attend another hearing, he would ask a court…

In a recent survey conducted by the Certified Financial Planner Board, a striking revelation emerged: about 31% of American investors are embracing AI-generated financial advice without the need for additional confirmation. This survey, which canvassed the opinions of more than 1,100 adults in the early days of July, sheds light on the shifting landscape of financial guidance consumption. What adds intrigue to this trend is the fact that merely 31% of the respondents had prior experience with AI-sourced financial planning advice. Among this group, a notable 80% expressed varying levels of contentment with the advice they received from AI systems.…

Representative Derek Kilmer has been appointed as the chair of the newly established Artificial Intelligence Working Group by the 97-member New Democrat Coalition in the United States House of Representatives. This proactive move aims to shape new legislation in the burgeoning field of artificial intelligence. Announced on August 15, this working group is poised to collaborate with President Joe Biden’s administration, stakeholders, and lawmakers from across the political spectrum. Their overarching goal is to craft “sensible, bipartisan policies” that can effectively address the challenges and opportunities posed by emerging AI technology. The group’s agenda encompasses a broad spectrum of AI-related…

In a significant move, AI developer Anthropic has secured a hefty $100 million injection of funding from South Korea’s telecommunications behemoth, SK Telecom, signaling a substantial boost to the industry. The announcement, made on August 13, revealed that Anthropic is set to benefit not only from the financial infusion but also from a collaborative effort between the two entities. This partnership is focused on crafting a multilingual large language model (LLM) to be integrated into the Telco AI Platform. The forthcoming LLM is poised to break linguistic barriers, with support for languages including Korean, English, German, Japanese, Arabic, and Spanish.…

The legal clash between Elon Musk and a group of disgruntled Dogecoin investors has ventured onto a new terrain, introducing a fresh chapter to the unfolding drama. Musk’s legal team has seized the initiative by filing a motion to have the lawsuit unceremoniously dismissed, citing its prolonged duration as grounds. The stage for this legal showdown is set in a New York federal court, where the fate of the lawsuit hangs in the balance. The backdrop of this high-stakes legal duel is a lawsuit that flings accusations of market manipulation, insider trading, and calculated maneuvers surrounding Dogecoin directly at Musk.…

In the second quarter of 2023, the International Organization of Securities Commissions (IOSCO) will begin a consultation for its regulation report on crypto assets. The dates are mentioned in the IOSCO work programme for 2023-24. The organisation’s final recommendations are expected to be released by the end of 2023. The IOSCO is an organisation of securities and futures commissions. Its board of directors includes 35 regulators and prominent executives, including the leaders of the US Commodity Futures Trading Commission, the US Securities and Exchange Commission, and the UK Financial Conduct Authority, among others. There are two major aspects to the…

Several prominent countries like the United States and the United Kingdom are struggling to formulate comprehensive crypto regulations to tackle the ongoing market volatility. Singapore, which currently is a hub of technological advancements in the world, is also the home of many software companies. The regulators and traditional banks are working to provide uniformity to potential customers from the crypto sector. According to reports, the collaboration between the Monetary Authority of Singapore (MAS) and the traditional banks has been in process for 6 months. The MAS is taking the help of local police to facilitate the banks regarding the procedure…

The ban on the AI chatbot ChatGPT by Italian regulators on Friday, March 31, faced a lot of backlash in the country which includes the criticism of the Deputy Prime Minister Matteo Salvini. As there are several services based on artificial intelligence, Salvini said that the regulator’s action was hypocritical and gave examples like Bing’s chat. According to Salvini, “Every technological revolution brings great changes, risks, and opportunities. It is right to control and regulate through international cooperation between regulators and legislators, but it cannot be blocked.” Since privacy concerns “practically all online services,” Salvini pointed out that common sense…

Recently, the closure of major banks like Silvergate and SVB has had the American financial system in crisis. Expectations of extra US dollar liquidity to bolster the banking industry in the aftermath of a spate of forced closures have aided the Bitcoin (BTC) surge. However, Morgan Stanley stated in a research report published on Sunday that other factors are also at work. A number of fintech payment companies and offshore banks are attempting to fill the void left by the failures of the major banks in the United States, but it will likely take time before new banking networks are…

Wyoming Governor Mark Gordon approved the Wyoming Stable Token Act without his signature last Friday. In a two-page letter to Secretary of State Chuck Gray, he stated that although the law is an improvement over a similar bill he vetoed last year, he still has reservations. The proposed legislation lacks the “firm plan” necessary for the state to issue digital money. He stated that the sponsors worked hard to address several of his issues. “Nevertheless, I continue to harbour some reservations about the potential impact this program may have on Wyoming’s hard fought reputation as a thoughtful and strong leader…

Over two weeks after the failure of three US banks – Silicon Valley Bank (SVB), Silvergate, and Signature – Treasury Secretary Janet Yellen stated that the federal government is prepared to intervene if necessary. Yellen backed the federal government’s efforts to restore the financial sector in the United States. She stated that recent actions to safeguard depositors at two banks were taken to keep issues from spreading throughout the financial industry. “Our intervention was necessary to protect the broader US banking system, and similar actions could be warranted if smaller institutions suffer deposit runs that pose the risk of contagion.”…

The collapse of some major crypto banks has caused widespread outages in the banking sector. However, some major banks are ready to explore new partnerships with crypto-friendly banks. In recent weeks we have witnessed that banks are parting their ways with crypto-friendly banks due to risk and uncertainties associated with it. The collapse of three major banks in the United States namely Silvergate bank, the Silicon Valley Bank, and the Signature bank has raised serious questions about the future of these banks. According to recent reports, the Digital Currency Group (DCG) is currently looking forward to finding new partners for…

The Central Bank of Iran’s (CBI) chief of the payment systems supervision division said this week that the initiative to create a digital version of the Iranian national currency, commonly known as the “crypto rial,” is approaching its testing phase. Without going into further detail, Mohammad Reza Mani Yekta was quoted by the regulator’s Monetary and Banking Research Institute (MBRI) as saying that the pre-trial stage had come to a conclusion with a number of accomplishments. During a symposium on electronic banking and payment systems, he was speaking. The initiative to launch a digital Iranian rial has effectively completed the…

Geneva, Switzerland, 10th May, 2022, Spells of Genesis, one of the oldest and most playable play-to-earn games in the blockchain space, is celebrating its 5th anniversary that took place on April 20 with the launch of the Spells of Genesis Showroom in CryptoVoxels.  The unique showroom is Spells of Genesis’s new metaverse experience and has been created in collaboration with Nabiya Studio. Within the Showroom, users will be able to explore the history and the concept of the game and view impressive and imposing statues of their favorite SoG characters.  SoG fans will also have the unique opportunity to meet…

Tallinn, Estonia, 10th May, 2022, Primex Finance, a DeFi platform connecting passive allocators with traders, is launching its first Alpha version on the upcoming testnet. The Alpha offers the vast majority of the features intended for mainnet, marking the last testing stage before full release. Primex offers utility to two classes of users: the Lenders and the Traders. Lenders take their assets and supply them into buckets with different assets and trading rules. The rules limit how Traders can use the funds they borrow from these buckets, indicating which pairs they can use and what is their max leverage.  The…

Tortola, British Virgin Islands, 9th May, 2022, Polkadex, the revolutionary Substrate-based decentralized order-book exchange, has won the 16th Polkadot parachain slot auction, achieving the milestone on May 6 with 973,324 DOTs ($13.8M worth) from more than 6000 contributors within its community. Polkadex is also the first Parachain auction to cross 90% of its target cap of $1M and the largest Crowdloan in Batch 3.  Polkadex is a peer-to-peer order-book based exchange for Web3 built on Substrate that aims to combine the safe and non-custodial format typical of DEXs, with the advanced trading features and accessible and user-friendly structure customary of…

New York, NY, 28th April, 2022, CADAF (Crypto And Digital Art Fair) today announced the launch of the new CADAF Marketplace. The company has chosen the Tezos blockchain to launch its new platform built for curators to showcase their curatorial visions and discover new talents. CADAF has created an innovative marketplace with a flexible and transparent commission structure that allows revenue share, favoring curators and artists. Curators have the power to develop collections using the CADAF marketplace tools. Artists are encouraged to become independent curators. Collectors can access the highest quality art in an energy-efficient way. The CADAF Marketplace is…

Zug, Switzerland, 28th April, 2022, Hyperdex, a crypto asset management platform that aims to simplify DeFi investing and enable an effective finance experience for traders, announced the smart contracts that power its platform have been successfully audited by the prestigious blockchain security firm CertiK. The completion of the smart contract audit represents a major milestone for Hyperdex on its mission to make DeFi more accessible to the masses. DeFi applications are prime targets for cybercriminals as public blockchains such as Ethereum expose all user data publicly. Transaction amounts and dates, wallet address and asset types are all visible to anyone…

Singapore, Singapore, 28th April, 2022, This new addition arrives in the wake of WIN NFT HORSE, TRON’s first GameFi product revealed in November 2021, in an effort to expand its blockchain-based gaming ecosystem. WIN NFT HERO is a 3D cartoon-style turn-based strategy game with next-generation features. Players may exchange a variety of heroes and equipment on the market to acquire strong spells and skills, which they can then use to win rewards in combat. WIN NFT HERO has several gaming modes, including the multiple-level PvE, PvP one-on-one ladder tournament, PvP multiplayer arena, adventure, etc. Players may construct their own NFT…

Singapore, Singapore, 26th April, 2022, The Qtum  Chain Foundation announced that they are partnering with Binance Charity to take part in the “Tree Millions” initiative, which aims to plant 10 million trees worldwide. To that end, Qtum Chain Foundation has donated $100,000 USD to Binance Charity towards planting 100,000 trees. Qtum Going Green Qtum aims to become a completely climate-neutral protocol. The project can achieve this by planting trees to offset the emissions caused by the electricity needed to run Qtum nodes. The Qtum network’s thousands of nodes can be run on devices that consume as little as 10 watts,…

Auckland, New Zealand, 20th April, 2022, Solana blockchain-based play-to-earn game Battle Drones will be beginning with its NFT collection sale on April 21. The limited collection will only have 1000 NFTs, which will be minted in two different sales, and the NFT obtained will hold substantial value not only as a store of value but also for its utility within and beyond the game. Battle Drones is a PvE and PvP play-to-earn gaming project built on the Solana blockchain. The PC drone shooter game is built by gamers for gamers, with a focus on fun gameplay and an immersive experience.…

Sydney, Australia, 19th April, 2022, Plutonians, an RPG game built on the Solana blockchain, is preparing for the launch of its first-ever two new tokens, PLD (Plutonian DAO) and RPC (Republic Credits). The NFT enabled, and SLP (Smooth Love Potion) powered web2-web3 hybrid Metaverse game intends on forging the path for the burgeoning GameFi and play-to-earn revolution with these tokens. Both the tokens PLD and RPC are expected to have a total supply of 350 million and 35 billion, respectively. However, the expected circulating supply at the time of launch will be set at 4.5 million for PLD and 450…

Under embargo – Wednesday, April 13 at 9:00 AM EST Serenity Shield Develops First Non-Custodial Private Key Inheritance System Paris, France, April 13, 2022 — Serenity Shield is announcing on the official launch of its project, which will focus on protecting and transmitting access to digital assets in an innovative fashion utilizing NFT technology. Serenity Shield positions itself as an innovative game changer. The cryptocurrency ecosystem today offers multiple methods of safe custody based on private key wallets, which allow users to store their assets without relying on third-party custodians. These methods, however, present an often impossible dilemma: the safer…

Singapore, Singapore, 4th April, 2022, Boxing legend Mike Tyson will introduce a Mystery Box NFT collection through Binance NFT, the NFT marketplace of Binance, the world’s leading blockchain ecosystem and cryptocurrency exchange. The sale begins on April 5, 2022, at 11:00 UTC. Celebrities and athletes have shown an increasing appetite for non-fungible tokens (NFTs). Boxing legend Mike Tyson is the latest individual to explore opportunities in this space. Tyson and his team will collaborate with the Binance NFT platform to bring the collection of 15,000 NFTs to a global audience.  Participants in the sale can acquire Mystery Box NFT for…

Tel Aviv, Israel, 30th March, 2022, AdaSwap, the next-gen Cardano DEX, completes another milestone by getting listed on the Poolz and DAO Maker IDO platforms. As a result, users can look forward to joining the ASW Initial DEX Offerings across these platforms in the near future. AdaSwap continues to fuel growth and development on the Cardano blockchain. The ecosystem’s native decentralized exchange, swap protocol, and NFT marketplace will offer Cardano and its users more decentralized finance opportunities. Moreover, AdaSwap and ADANFT aim to create a new generation of holders who benefit from various partnerships and cross-chain capabilities. AdaSwap combines gamification…

Zug, Switzerland, 13th March, 2022, Mt. Pelerin, a Swiss fintech company, announced the launch of a mobile wallet app that will allow any project building on Tezos to easily onboard in the ecosystem. The mobile app, Bridge Wallet, will provide an on and off ramp service available as a standalone interface. Any project building on Tezos can freely add this new crypto-fiat gateway interface to their website or mobile app and enable their users to get started with transferring funds in and out of the Tezos ecosystem within minutes. Since Mt. Pelerin operates under a Swiss regulatory framework, the company…

Perth, Western Australia, 10th March, 2022, The Research and Development Blockchain Lab at Curtin University of Technology has partnered with Envision Stock, a decentralised platform for marketing and purchasing stock content leveraging smart contract and blockchain technology to provide proof of ownership. Curtin’s Blockchain Research and Development Laboratory will assist in developing and testing the blockchain infrastructure underpinning Envision, which will include the set up of the ERC 1155 NFT tokens providing proof of ownership over content, associated smart contracts, deployment and management of blockchain nodes, NFT integration with the frontend and with decentralised file sharing systems such as IPFS.…

Gibraltar, Gibraltar, 7th March, 2022, DeFi leading launchpad, Poolz Finance, is announcing its collaboration with the crypto liquidity hub, Kyber Network. This partnership will asist in leveraging multiple futuristic projects from the ground up, providing projects with the necessary infrastructure to grow. Through this partnership with Kyber Network, Poolz aims to accelerate the growth of all projects integrating and using KyberSwap by introducing a grant program. New projects launched through Poolz Finance can immediately provide liquidity for its tokens in an efficient manner on KyberSwap. This is another step in the long milestone of Poolz to its position as the…

Tortola, British Virgin Islands, 3rd March, 2022, The Polkadex token, PDEX, is now available for deposits and withdrawals on AscendEX. Trading in the PDEX/USDT pair is set to start today (March 3rd) at 2pm UTC. The AscendEX listing of PDEX will not only bring much-needed liquidity to the PDEX token, but it will also help centralized exchange PDEX holders migrate and stake their PDEX. Both ERC-20 PDEX and native PDEX are available for deposits, while only native PDEX is available for withdrawals. This essentially means PDEX holders can now use AscendEX as a de facto ERC-20-to-native-PDEX migration tool. In addition,…