Crypto news

Besides the complaint filed by the Center for AI and Digital Policy that may stir the probe of OpenAI, there is a number of other targeted efforts to stifle the development of AI systems across the board. OpenAI, the fast-growing Artificial Intelligence (AI) startup behind the popular platform, ChatGPT may be welcoming a probe from the Federal Trade Commission (FTC) for the violation of section five of the FTC Act that targets deceptive and unfair practices. The probe might be triggered...

Milkomeda is working on a new feature that would allow Cardano users to use any EVM contract directly from any Cardano wallet. The Cardano blockchain has been recently working its way to becoming the top EVM chain in the crypto space. Milkomeda co-founder Sebastien Guillemot recently announced that the development can happen as early as next month. This is because Milkomeda is introducing a new feature that would allow Cardano users to use any EVM contract directly from any Cardano...

This week, we take a closer look at Ethereum, Ripple, Cardano, Solana, and Litecoin. Ethereum (ETH) Ethereum decided to range this week and booked a slight loss of 1.4%. This flat trend could not muster the energy to hold the price above $1,800, which is the current key resistance. The support is at $1,700, and bulls have done a good job defending this level to date. Therefore, any pullback should find buyers here if the price falls again. Looking ahead, ETH has lost some of...

News of the operations halt, failed funding, and job cuts did not sit well with shareholders as Virgin Orbit saw its shares are down 50% after the announcement. Aircraft engineering company Virgin Orbit Holdings Inc (NASDAQ: VORB) has revealed plans to halt operations after failing to secure a funding lifeline as expected. The company’s CEO, Dan Hart, relayed the unfortunate news to employees on Thursday, adding that there would be a massive layoff. Before the move to halt operations,...

On Thursday, embattled ex-FTX CEO SBF pled not guilty to the latest federal charges, which he also does not acknowledge.  Disgraced former FTX CEO Sam Bankman-Fried (SBF) recently pled not guilty to five additional federal fraud and bribery charges. SBF appeared in a New York federal court on Thursday to plead not guilty to the latest charges related to FTX’s collapse. In a superseding indictment Tuesday, the Attorney’s Office for the Southern District of New York revealed the criminal...

FTX investors continue to reel under uncertainty as the fate of the assets stored in the bankrupt platform hangs in limbo. In a brief respite, however, European customers will now be able to withdraw assets. FTX EU – the crypto exchange’s European division – has launched a new website enabling its users to submit withdrawal requests for their funds from the platform. A new report suggests that the Cyprus Securities and Exchange Commission (CySE) approved the new domain name –...

Digitec, ein in der Schweiz ansässiger Online-Shop für Elektronik und Technologie, ist seit seiner Gründung im Jahr 2001 zu einem der erfolgreichsten E-Commerce-Unternehmen des Landes geworden. Mit einem Jahresumsatz von über 1 Milliarde Schweizer Franken ist Digitec heute das größte Online-Elektronikgeschäft der Schweiz. Aber wie hat es das Unternehmen geschafft, sich an die Spitze des Marktes zu setzen und die Konkurrenz zu überflügeln? Ein wesentlicher Faktor für den Erfolg von Digitec ist...

Bitcoin cash price started a fresh decline from the $138 zone against the US Dollar. The price is now trading below the $125 zone and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $122 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could start a decent increase if it stays above the $115 support zone. Bitcoin cash price is declining from the $138 zone against the US Dollar,...

Layer 2 scaling solutions have revolutionized the space with faster and cheaper transactions, as well as increased scalability and improved privacy and security. In a bid to increase its competitiveness against rival blockchain networks, a proposal has been submitted that aims to adopt a lower transaction fee cost on Binance Smart Chain (BSC). BSC Proposal The proposal, submitted on March 28th, highlighted the need for a more adaptive transaction cost distribution on the BSC...

About a week ago, a settlement was reached between Celsius and Celsius Custody account holders. As a result, the latter group was promised a refund of up to 72.5% – half on the spot and half by the end of the year – provided they signed away their right to further litigation. Earn Users Hung Out to Dry However, the vast majority of users did not have Custody accounts. Owners of Earn accounts were not promised a refund, as the judge agreed that Celsius’s ToS proved that the...