Crypto news

The network combines applications designed with Daml, Digital Asset’s smart contract language. Digital Asset, which is a financial technology firm, plans to introduce a global privacy-enabled interoperable blockchain network curated to offer a decentralized infrastructure for institutional clients, the announcement for which was made on Tuesday. Participants of the network, which is also called the Canton Network, include companies like BNP Paribas, Deloitte, Cboe Global Markets, Goldman...

Visa is working with its partners to launch programmable CBDCs thereby optimizing capital flows to SMEs. Although blockchain technology has shown its prowess in multiple business verticals, its adoption hasn’t been fast enough. However, payments giant Visa Inc (NYSE: V) is now working towards pushing innovative blockchain use-cases towards real-world use cases. As part of its most recent LIFT Challenge, Visa is exploring blockchain-based use cases for Brazil’s central bank digital...

IBM said Watsonx is an AI solution that enhances machine learning and foundation models using trusted data, speed, and governance. IBM (International Business Machines Corporation) (NYSE: IBM) has unveiled an artificial intelligence-facilitating platform Watsonx. At Tuesday’s annual Think conference, IBM stressed that Watsonx would cater to foundational models and generative AI. The company also added that Watsonx offers a studio, data store, and governance toolkit. Watsonx as an...

[PRESS RELEASE – Los Angeles, California, May 9th, 2023] Retains Crown as Web3’s Biggest Social Network and SocialFi Platform DSCVR, the largest and most popular Web3 social network and social finance (SocialFi) platform, has surpassed the 200,000 user mark – a key milestone on its journey towards making crypto functionality easily accessible to anyone who knows how to use social media. DSCVR’s focus on coupling familiar social media experiences with the most diverse set of...

Meanwhile, the defunct FTX continues to pursue various options to recover customer funds. Former FTX CEO Sam Bankman-Fried has on Monday filed an ex parte motion before a Federal Court. The motion, as filed through the office, seeks to dismiss 10 out of 13 US charges against the former CEO. The remaining charges include conspiracy to commit commodities fraud, conspiracy to commit securities fraud, and conspiracy to commit money laundering. Interestingly, the former CEO previously pled ‘Not...

Trending memecoin Pepecoin (PEPE) has plummeted by more than 55% in the last four days after a remarkable performance turned several investors into overnight millionaires.  The memecoin, which jumped to the 45th largest cryptocurrency by market capitalization within three weeks after its launch, began a downward spiral on Friday, May 5, after it was listed for trading on Binance, the world’s largest crypto exchange.  PEPE Drops 55% From ATH At the time of the Binance listing...

PayPal has been forced to update its 2023 earnings outlook due to its latest financial reports. Multinational digital payment company PayPal (NASDAQ: PYPL) has released the financial report of its earnings in the first quarter of 2023. PayPal benefited from the outbreak of the novel coronavirus in 2020 as more people switched to online transactions. The company’s revenue ascended from $17.8 billion in 2019 to over $25 billion in 2021. Its shares also increased significantly during the...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up A fraud victim in Winnipeg, Canada has lost more than $168,000 to a digital currency scam. The clincher? At the time of writing, much of the money has been gotten back, which is an odd outcome in situations like these. Canada Victim Gets a Lot of Money Returned Everyone knows that most of the time, once crypto...

The partnership between Wakweli and the Blockchain Lawyers Group will offer a number of notable advantages that include but are not limited to boosting the liquidity of the entire Wakweli ecosystem. Wakweli, a Non-Fungible Token (NFT) certification protocol, has announced its latest partnership with the Blockchain Lawyers Group (BLG) as it seeks to establish its outfit as one of the most legitimate for certifying tokenized assets. As contained in the Press Release shared with Coinspeaker,...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up ADA price is showing bearish signs below the $0.40 support zone against the US Dollar. The price is now trading below $0.40 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.375 on the 4-hour chart (data feed via Coinbase). The price could continue to...