Crypto news

[PRESS RELEASE – Singapore, Singapore, April 11th, 2023] Cartesi (an application-specific rollup execution layer with a Linux runtime), is moving closer to its mainnet-ready stage with Cartesi Rollups. Alongside this, Cartesi’s ecosystem is set to enter a new era of development with exciting new initiatives currently underway. Decentralization Earlier this year, Cartesi launched its Community Grants Program (CGP), aimed at expanding the network of contributors building the...

MicroStrategy’s massive bitcoin investment has finally generated some paper profits for the business intelligence giant after the asset spiked above $30,000 for the first time since June 2022. The firm started its accumulation spree in the summer of 2020, spending around $4.17 billion to purchase a stash of 140,000 BTC. At the moment of writing these lines, the investment is finally in the green, at least on paper. Finally in the Green Bitcoin’s recent price surge beyond the...

The number 1 cryptocurrency in the world has amassed over 82% gains since the beginning of the year. MicroStrategy (NASDAQ: MSTR) is a major beneficiary in the latest Bitcoin rally that pushed the crypto asset’s price to a new level. While the crypto market was in the red, many crypto-related stocks. MicroStrategy, which Bitcoin holding is worth 140,000, had a tough time before the recent rally. The company bought its first Bitcoin in August 2020, adopting the top cryptocurrency as a...

Shiba Inu developers have announced that the Metaverse scheme will roll out at the end of 2023 as an “ongoing project”. According to Shiba Inu (SHIB) developers, the project’s planned metaverse will partially open by the end of 2023. Developers added that the ‘partial’ opening is because SHIB’s metaverse might not be fully completed on release. Instead, the upcoming decentralized universe will be an “ongoing project” that will keep onboarding new features and enhancements even after its...

Former Senator Pat Toomey of Pennsylvania – who ended his congressional career in early January of this year when he chose not to run for another term – recently offered his thoughts on the crypto space and the fall of FTX. Pat Toomey on FTX and Crypto In the interview, Toomey said that if Congress had taken the time to implement appropriate crypto legislation and monitor the space, FTX likely never would have existed on the scale that it did. He said: It’s not clear...

Just like blockchain technology, the emergence of AI is relatively new and the laws governing such innovations are notably limited. Chinese regulators, particularly the Cyberspace Administration of China (CAC) have floated a new set of guidelines that will oversee the development of ChatGPT-like Artificial Intelligence (AI) products from its homegrown companies. As reported by CNBC, the new guidelines will seek to promote the tenets of socialism across the board. The growth of Large...

E-commerce giant Alibaba is close to rolling out the beta version of its ChatGPT rival, Tongyi Qianwen, for Chinese enterprise customers.  Alibaba (NYSE: BABA) appears set to roll out its ChatGPT rival product Tongyi Qianwen as the race for AI dominance heats up. At Tuesday’s Alibaba Cloud Summit, the Chinese e-commerce giant revealed the ChatGPT-style product, touching on its functionality. According to Alibaba, Tongyi Qianwen will allow English and Chinese language interactions....

India’s Finance Minister insists that the only way to protect investors worldwide lies in putting concerted efforts into a global framework. The G20 is presently working on a global framework that will help member nations to deal with risks that may arise from their crypto-related dealings. To this end, the India-led presidency of the intergovernmental group has said that all nations must get on board with the idea of developing a global crypto policy, a local news report claims. According...

Ripple said that the CBDC project will involve several stages such as identifying the practical application of the CBDC, simulating its circulation, as well as its use under controlled conditions. In an interesting development on Tuesday, April 11, blockchain startup Ripple joined hands with the Central Bank of Montenegro (CBCG) to build a pilot program for the launch of the country’s central bank digital currency (CBDC). So far, Montenegro has been using the Euro as its currency ever...

Are you prepared for a once-in-a-lifetime opportunity that will revolutionize your professional life? If you’re looking for a gathering of the most influential people in the African financial sector, look no further than the Finance Magnates Africa Summit FMAS23. A few examples of why you shouldn’t skip it: Global Audience Size Exceeds 3,000 The Finance Magnates Africa Summit is an excellent chance to meet influential people in your field, as it attracts over 3,000...