Crypto news

Adobe and Activision Blizzard, two of the biggest names in the technology industry, have introduced new generative artificial intelligence tools designed to assist humans. Leading technology giants Adobe and Activision Blizzard have introduced generative artificial intelligence (AI) tools to improve human creativity, not replace them. The move aims to streamline processes and empower artists and designers to produce high-quality content. Adobe, the renowned graphic software maker,...

British inflation has been stubborn forcing the Bank of England to continue its interest rate hikes to 4.5%, for the 12th consecutive time. Economists are expecting further hikes in the upcoming meetings. As per the latest reports, the UK inflation has taken fresh dive under 10% for the last month of April 2023. This happened as the energy price retreated and the impact of Russia’s invasion of Ukraine started to subside on the annual consumer price comparison. Earlier on Wednesday, May...

WaaS (Wallet as a Service) reportedly employs cutting-edge multi-party computing (MPC) technology to safeguard the private keys of its users. Coinbase has announced that it released and launched a new Web3 wallet solution dubbed “Wallet as a Service” (WaaS) on the Ethereum mainnet. The new service, a version of the crypto firm’s cloud product, went live on May 23 and utilizes a multi-party computation (MPC), according to a Twitter announcement from a software developer at the company. The...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Tron price started a fresh increase from the $0.0710 level against the US Dollar. TRX price is now trading above $0.0765 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0742 on the 4-hours chart (data feed via Kraken). The pair could continue to move...

Earn Your First Bitcoin Sign up and get $12 Bonus Referral bonus up to $3,000 Sign up Bitcoin price is attempting a fresh increase from the $26,000 zone against the US Dollar. The price is now trading near $27,100 and the 55 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $27,100 on the 4-hour chart of the BTC/USD pair (data feed from...

Strike – a Bitcoin payments company and remittance app – announced the integration of the world’s largest stablecoin, Tether’s USDT. The latest move comes on the heels of Strike’s expansion into 65 additional countries and USDT-supported new app design, which was announced at Bitcoin 2023. Strike-Tether Integration The integration aims to address key challenges hindering the widespread acceptance of the industry, including the volatility aspect of crypto-assets. As such,...

Crypto hardware wallet provider Ledger will delay plans to launch its private key recovery service after receiving major backlash following its announcement last week.  The controversy – which rose questions about the safety and trustworthiness of Ledger devices more broadly – has inspired the company to accelerate its open-sourcing roadmap.  Ledger’s Apology Ledger CEO Pascal Gauthier began by issuing a public apology letter on Tuesday for the way Ledger’s “Recover” service...

Bitcoin payment service provider – Bitpay – announced the integration of Brave Wallet into its payment protocol allowing crypto wallet users to make payments straight from the privacy browser. According to the official press release shared with CryptoPotato, users of Brave Wallet will be able to shop with crypto at thousands of top merchants online and in-store, such as Newegg, APMEX, PacSun, AMC Theatres, and airBaltic. Commenting on the development, BitPay CEO Stephen Pai...

A Reuters report on Tuesday suggested that Binance – the world’s largest cryptocurrency exchange – comingled billions of dollars worth of customer assets with its corporate revenue in 2020 and 2021, obscuring the whereabouts of their money.  Binance’s Chief Communications Officer Patrick Hillmann responded by calling the story “weak” and xenophobic but admitted that Binance has had “regulatory shortcomings” in the past. Reuters’ Claims The initial Reuters report cited...

A United States Court has granted a motion to dismiss a lawsuit alleging Binance’s involvement in a pig butchering scam that stole roughly $8 million from its victim. According to a recent filing with the U.S. District Court for the Eastern District of Texas, Judge Amos Mazzant granted Binance’s motion to dismiss the case for lack of personal jurisdiction and the plaintiff’s failure to state a claim. An $8M Pig Butchering Scam A pig butchering scam involves criminals luring...