Crypto news

The ESRB recommended restrictions on crypto firms’ lending to clients, especially for leveraged bets, and suggested higher collateral requirements for distributed finance products and stablecoins. On Thursday, May 25, an EU watchdog – the European Systemic Risk Board – recommended that European authorities should curb leveraged bets on digital assets by introducing limits for investment funds and exchanges. Over the last few years, with the growing number of market participants, crypto...

Growing PoS adoption reflects a glaring shift in the digital asset industry. While Ethereum and layer 2s networks have dominated substantial network activity conversation, Polygon has mostly kept a low profile this year. However, the latest stats show an uptick in the number of new addresses created daily on it. According to the data shared by crypto analyst and trader Ali Martinez, the number of new MATIC addresses created on the Polygon network daily on May 22nd stands at...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Right when we thought New York was going to become a more crypto-friendly state, the region of Brasher announced it is implementing a six-month cryptocurrency moratorium on all digital currency mining and related activities. Brasher Ain’t Too Keen on Crypto Mining The moratorium is set to go into effect on...

Reputed for being a frontrunner when it comes to AI research and technology, OpenAI has been invested in helping AI-focused startups. American artificial intelligence (AI) company OpenAI may have just closed an investment fund. According to a Securities and Exchange Commission (SEC) filing, the firm raised over $175 million. Reputed for being a frontrunner when it comes to AI research and technology, OpenAI has been invested in helping AI-focused startups. To this end, the platform...

Kwon is currently expected to show up in court on June 16. The value of Kwon’s property was based on a statement alone, lacking concrete evidence. As a result, the high court has ruled against his bail. The requests to bail out Do Kwon, co-founder of the defunct Terra Labs, were rejected due to insufficient document verification. After a lower court reviewed the documents, a bail motion was made but was ultimately rejected by the high court due to improper property valuation. As a result,...

The deal is yet to be finalized as an initial deposit is expected within the next ten days. It is a good day for the embattled crypto lender Celsius Network as crypto consortium Fahrenheit LLC has won the bid to acquire the insolvent firm whose assets were previously valued at $2 billion. According to a May 25th court filing, the Arrington Capital-backed group emerged as the successful bidder after beating NovaWulf Digital Management. Markedly, Fahrenheit is a conglomerate of buyers which...

OpenAI CEO warns of potential exit from Europe if the firm fails to meet regulatory requirements for the forthcoming AI rules. OpenAI, the brains behind the famous and controversial artificial intelligence (AI) ChatGPT, said Wednesday that it might consider leaving Europe if it faces challenges complying with the upcoming AI regulations in the region. Based in the United States, OpenAI encountered a major legal snag in Italy last month when its Data Protection regulator banned it from...

[PRESS RELEASE – Tokyo, Japan, May 25th, 2023] Herencia Artifex promotes collaboration across art world boundaries and provides a venue for artists of different backgrounds and styles to come together and produce creative works. The project name “Herencia Artifex” (abbreviated HXA) is Latin for “Herencia” (inheritance) and “Artifex” (artist). The HXA project aims to use NFT to pass on outstanding artists and crafts. This genre-transcending artistic collaboration in the Web3...

[PRESS RELEASE – Singapore, Singapore, May 25th, 2023] The Open Network (TON), a revolutionary technology to unite all blockchains and Web2 internet into one open network, in collaboration with DWF Labs and Amazon Web Services (AWS), is hosting a decentralized finance (DeFi) and Data Analytics Hackathon, Hack-a-TON x DWF Labs x AWS. The hackathon provides developers interested in DeFi and data analytics with the opportunity to design, code, learn and network as they bring...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up EOS price started a fresh decline below the $0.880 level against the US Dollar. The price is now trading below $0.850 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $0.851 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair...