Crypto news

China Telecom has noted that the establishment of a quantum tech hub is in line with President Xi Jinping’s long-term tech adoption. China Telecom Corp Ltd (Hong Kong: 728), a Chinese telecommunications company, has announced plans to venture into the supercomputer quantum industry to streamline its services. According to the company’s announcement through WeChat, up to 3 billion Yuan, approximately $434 million, will be used to establish the China Telecom Quantum Information Technology...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up An elderly woman – who’s choosing not to be named at the time of writing – has been scammed out of $20K through the illicit use of a bitcoin ATM. Woman Loses $20K to Bitcoin Fraud The woman recalled in an interview how the situation came about. She received a call from someone claiming to be a federal agent,...

[PRESS RELEASE – London, United Kingdom, May 31st, 2023] Marking a seismic shift in the digital asset landscape, DeFi platform Bumper today unveiled the findings of their comprehensive simulation, exhibiting new pricing efficiencies over traditional options desks ahead of the protocol launch in August 2023. This report delineates a milestone in financial technology, showcasing an altogether new financial instrument that consistently outperforms existing options desks in...

Der Zuger Stadtpräsident Dolfi Müller scannt den QR-Code, um sich einzuloggen. Der Kanton Zug erhöht die Transaktionslimite für Steuerzahlungen mit den Kryptowährungen Bitcoin und Ether per sofort von bisher 100 000 Franken auf 1,5 Millionen Franken. Mit dieser Massnahme wird der Zugang zu digitalen Zahlungsmitteln erleichtert und den steigenden Bedürfnissen der Zuger Bevölkerung und Unternehmen entsprochen. «Wir sind stolz darauf, dass der Kanton...

Nansen has promised to work assiduously with its remaining team to ensure they provide the best services to their customers as well as build the best workplace in crypto. Nansen, a leading startup in the blockchain technology industry, has recently announced a significant reduction in its workforce. The news of the 30% cut in blockchain data analytics firms has caused quite a stir in the industry, with many speculating on the reasons behind the decision. According to the blockchain...

Tether – the issuer of stablecoin USDT – announced expanding its presence in Georgia with an investment in a payment processing company called, CityPay.io. The move is deemed as an “important milestone” for the payment processing industry benefiting customers across Georgia and CIS. According to the official blog post, Tether aims to bring greater efficiency and convenience to the payment industry in Georgia with the latest investment. Commenting on the development, Paolo...

Contract electronics manufacturing giant Foxconn banks on explosive AI popularity to drive its server business revenue in 2023.  Foxconn has forecasted significant growth in its artificial intelligence (AI) server business due to robust demand. On Wednesday, the company’s Chairman, Young Liu, said revenue generated from its AI businesses would more than double this year. Liu credited the popularity of generative AI applications like ChatGPT for stoking interest in the sector. At Foxconn’s...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up At the time of writing, the price of bitcoin – the world’s number one digital currency by market cap – has fallen towards $28K, about $2,000 less from where it was just a few weeks ago. During that period, the currency rose to about $30K for the first time in about ten or 11 months, giving everyone the feeling...

The Ripple lawsuit is now rounding out its 29th month. Ripple Labs (XRP) has spent over $200M defending itself in court. Cardano and Ethereum founder Charles Hoskinson said it will probably be resolved in June. During a recent “Surprise AMA” interview on YouTube, a viewer asked Hoskinson: “Charles, do you think the Ripple case gets resolved soon?” To which Mr. Hoskinson answered: “Yes, I do. I think it’s probably next month.” The co-founder of Ethereum and founder and driving...

The Bahamas government’s response will determine whether to go on with or drop some of the cases. Sam Bankman-Fried was apprehended last year in the Bahamas and subsequently transferred to the United States. The allegations against him involve multiple charges relating to financial fraud and the collapse of FTX. Bankman-Fried is charged with engaging in illegal activities, including allegedly working with former FTX executives to persuade American legislators to pass legislation that would...