Crypto news

Prominent German automaker Volkswagen has announced plans to roll out its ID.7 EV across three continents within the next year.  Volkswagen appears set to stake its claim in China’s electric vehicle (EV) market by launching a higher-end car. The German motor vehicle manufacturer also plans to invest up to $1 billion to develop electric cars in China. This week, Volkswagen made the announcement at the Shanghai auto show, revealing its new “ID.7” EV sedan would launch in China this fall. The...

According to the Binance Launchpad schedule for the Open Campus (EDU) token sale, there will be a total of 4 stages involved in the event. Binance Launchpad has introduced its latest Web 3.0 project billed for listing and it is dubbed the Open Campus (EDU) token. As announced by the platform, the Open Campus token sale is the 31st project where the launchpad will be floating and it is set to follow the recording of user balances as of April 23 at 00:00 UTC. Being the launchpad of the...

The Merge represented the Ethereum network’s transition from proof-of-work to proof-of-stake. 218 days later, more than 103,092 ETH has been eliminated from the supply of the world’s largest altcoin. At current prices, this amounts to a little over $197 million. Deflation on the network is on the rise as the supply declined by 0.146% per year. According to the latest data from the Ethereum monitoring site ‘ultrasound.money,’ the current supply of ether stands at nearly...

Gemini is the latest American crypto firm that is making a move offshore after a crackdown on the crypto space. United States-based cryptocurrency exchange Gemini has revealed its plans to tap into India’s pool of tech talent with the foundation of a new engineering hub in the country. In a statement by Gemini’s international chief technology officer, Pravjit Tiwana declared that the exchange is presently in the middle of launching an engineering center in Gurgaon, India. It also claimed...

The aim is to roll out the next generation of AI breakthroughs and products across Google and Alphabet by merging the talents at Google Brain and DeepMind.  As Alphabet (NASDAQ: GOOGL) intensifies its artificial intelligence (AI) effort, the company is merging its deep learning AI research team Google Brain with DeepMind. Although AI has been very popular recently, Alphabet has been exploring the industry for some time. The tech giant reportedly bought DeepMind for over $500 million in...

[PRESS RELEASE – Singapore, Singapore, April 20th, 2023] Rebranding from Kryptomon to KMON Genesis, the move will significantly lower the barriers of entry to one of the world’s most popular web3 games. Today, Pink Moon Studios, a leading web3 gaming company, announced the launch of a free-to-play mode for its renowned strategy game, KMON Genesis (formerly Kryptomon). KMON Genesis allows players to breed, collect, and trade unique creatures as they traverse the enthralling...

Bitcoin’s price drops continued in the past 24 hours, with the asset falling below $28,000 for the first time since April 9. The altcoins are also deep in the red. The total market cap has lost almost $90 billion in the past two days. BTC Slides Under $28K Bitcoin was trading sideways during the weekend, and it wasn’t until Tuesday that it finally made a move, dropping by a grand to $29,100. However, the bulls quickly intercepted the move and pushed the asset north, which...

Bitcoin cash price started a fresh decline from the $135 zone against the US Dollar. The price is now trading below the $130 zone and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $131 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair could start a decent increase if it stays above the $120 support zone. Bitcoin cash price is declining from the $135 zone against the US Dollar, similar...

On April 19th, Trezor, one of the most popular cold wallets in the crypto community, enabled a new privacy feature for its users through the CoinJoin security protocol. The new update for Trezor is now available for Trezor Model T users, who simply need to add their CoinJoin account to enjoy the security benefits offered by the decentralized protocol. CoinJoin Enhances Users’ Privacy and Anonymity CoinJoin is an obfuscation method in which different wallet addresses perform...

The US-based cryptocurrency exchange – Coinbase – received approval from the Bermuda Monetary Authority to operate on the island. It also intends to establish an offshore derivatives marketplace in the region as soon as next week. CEO Brian Armstong recently said his entity could relocate to other countries if the American watchdogs do not impose an appropriate regulatory framework on the digital asset sector. Next Stop: Bermuda? Coinbase announced in a blog post that it had...