Tag Archives: AA News

The UK-based mobile network operator – World Mobile – teamed up with the decentralized artificial intelligence (AI) marketplace – SingularityNET – to develop credit ratings for a lending program that utilizes blockchain technology. The partnership will also enable World Mobile to scale its network and expand to new regions. Combining AI and Blockchain Technology According to a document seen by CryptoPotato, the collaboration with SingularityNET will upgrade World Mobile’s...

The state-owned telecom operator China Mobile has reportedly proposed the creation of a “Digital Identity System” to keep track of all local metaverse users.  The idea has been discussed between tech experts and Chinese officials and could set global rules focused on that technology. A Safety Measure or Additional Government Control? According to a recent Politico coverage, the proposed “Digital Identity System” will require metaverse participants to share personal data...

An Ethereum address associated with the network’s co-founder, Vitalik Buterin, transferred 600 ETH to crypto reading platform Coinbase, worth roughly $1 million at writing time. The transfer comes after crypto markets tanked last week, bringing ETH down to $1670 for the first time since June. Is Vitalik Selling His ETH? According to public blockchain data available on Etherscan, the wallet address behind the transfer – Vitalik. eth – now holds a balance of 3,933 ETH, worth...

dYdX Foundation – the non-profit organization behind the popular decentralized exchange (DEX) DYDX – announced some requirements that chain validators and stakers must comply with to ensure maximum user protection. Good practices are organized into six categories: Maximal Extractable Value (MEV), operations and security, performance, transparency, governance participation, and dYdX ecosystem consideration. According to a recent blog post shared by dYdX Foundation, chain...

In recent years, the non-fungible token (NFT) space has expanded into a billion-dollar industry, with Ethereum traditionally leading the way as the dominant ecosystem. Cardano, on the other hand, faced criticism from numerous quarters, being labeled a “ghost chain” due to its absence of a DeFi and NFT economy. However, the NFT landscape is undergoing a shift. According to the weekly chart shared by Stocktwits NFTs, the Cardano NFT floor price index sits 22% above that of...

RECUR, a non-fungible token (NFT) company that raised $50 million in an investment round nearly two years ago, has become the latest victim of the current bear market. Over the weekend, the NFT platform announced that it plans to gradually shut down its operations starting this month, with a full business closure slated for November. RECUR Calls It Quit At the time of the announcement, RECUR said it had halted primary and secondary sales on August 18. However, the firm will...

Bitcoin Ordinals stirred up a frenzy in the community soon after its launch in January 2023. More than eight months later, ordinal inscriptions have maintained their prominence in the Bitcoin network’s activities over the past week. Despite a sharp drop in sales volume, Bitcoin Ordinals remains very much active. Ordinals Account for 85% of Activity on Bitcoin Much like NFTs, ordinal inscriptions are digital assets engraved on satoshis, which are the smallest units of Bitcoin....

Oman’s Ministry of Transport, Communications, and Information Technology (MTCIT) has reportedly opened a new data hosting and cryptocurrency mining center in the Salalah Free Zone. The facility’s estimated value is over RO 135 million (more than $350 million). Another country that decided to spend millions of dollars on a crypto mine is Kyrgyzstan, whose center will be powered by a hydroelectric station near the Naryn river. Doubling Down As reported by a local media outlet,...

Hacker groups affiliated with North Korea have become highly active in the digital asset space, relentlessly pilfering funds. Despite a decrease from the record-breaking numbers of 2022, the “hermit kingdom” has continued to concentrate on the cryptocurrency landscape this year. In fact, the stolen funds are being funneled in billions into the country’s nuclear program. North Korea’s Crypto Heists According to a report by local media outlet Asia Today, South Korea’s National...

The Federal Bureau of Investigation (FBI) announced confiscating approximately $1.7 million worth of crypto assets from March to May in the United States in a bid to combat illicit activities. The seizures were carried out as a result of numerous breaches in federal regulations. The law enforcement agency took control of $147,000 in Bitcoin (BTC), $800,000 in Ether (ETH), $307,000 in Tether (USDT), 469,000 in Dai, and $20,000 in Monero (XMR) across Arizona, California,...