Binance.US withdrawals are now fully operational on the exchange, even as it warns users to convert all USD to USDT. Binance.US has announced that users can now resume USD withdrawal, as it has solved the problem. The US arm of the world’s largest crypto agency also said that by working with banking partners, it has almost completely resolved all previously delayed withdrawal requests for USD. However, the exchange warns that this resolution may not be permanent. In an official...
Read More »Polygon Labs Launches Copilot AI Assistant with Help from OpenAI’s ChatGPT
Polygon has joined Solana and Etherscan and launched an AI assistant, Copilot, that integrates ChatGPT and offers users varying functions. Ethereum scaling platform Polygon has joined the artificial intelligence (AI) race and launched an AI assistant called Polygon Copilot. The Copilot’s interface integrates GPT 4 from OpenAI to offer users an easy way to interact with the product using easy language. An official release states that Polygon Copilot helps to level the playing field for new...
Read More »Germany Floats ‘Dogs of BND’ NFT Collection to Discover Talent
The Dogs of BND collection is gradually gaining traction, having seen a great deal of attention since its launch in early June. German federal intelligence service, the Bundesnachrichtendienst (BND), has launched a dog-themed non-fungible token (NFT) collection. According to the agency, the collection, dubbed “Dogs of BND”, features 999 dog NFTs based on its security dogs as well as other intelligence roles within the BND. Dogs of BND to Help Discover Cybersecurity Talent The BND also...
Read More »Ethereum Developers Propose to Increase Max Effective Balance from 32 ETH to 2048 ETH per Validator
The developers led by Mike Neuder opine that a validator set contraction has positive implications for the beacon chain decentralization roadmap, the current p2p layer, and the validators. The Ethereum (ETH) network is best described as art in development amid mainstream crypto and blockchain adoption. With the proof-of-stake (PoS) still young under the beacon chain, the Ethereum core developers continually engage each other on ways to help in the decentralization aspect. Moreover, the...
Read More »JPMorgan: Hinman Documents Could Boost Ethereum and Improve Decentralization
In a report published June 15, JPMorgan’s analyst Nikolaos Panigirtzoglou said that SEC officials were unsure of Ethereum’s legal status in 2018. Leading American financial services company JPMorgan has highlighted the significant impact of the release of the Hinman documents on Ethereum in an ongoing court case between the United States Securities and Exchange Commission (SEC) and blockchain firm Ripple Labs. According to reports, Hinman’s documents, which include emails tied to former...
Read More »BTC Price Plummets Below $25K as Fed Pauses Interest Rate
Following the Fed interest rate pause announcement, the price of BTC broke major price support, raising concerns about a continued decline. The Federal Reserve announced on Wednesday that it would maintain its interest rate at 5.25%, marking the first time since January 2022 that the rate would remain unchanged. According to the Fed, the inflation rate appears to be decreasing, and it wants to see whether previous rate increases were sufficient to slow price increases. However, it was...
Read More »US Inflation Rate Surge: Will Fed Stick to Its Aggressive Approach?
On Tuesday, June 13, the markets reacted positively to the publication of inflation data. The inflation rate in the United States increased by 0.1% in May. This inflation figure represents a 4% increase over the past 12 months, which meets the economic expectations of the Fed. But will it be enough for the Federal Reserve to slow down its aggressive monetary policy? According to the Consumer Price Index Summary report for May, published by the US Bureau of Labor Statistics, inflation...
Read More »Politicized Crypto Regulatory Crackdown Could Deter Blockchain Decentralization in Future, Bernstein Analysts Says
The crypto market has turned bearish since the SEC charged Binance and Coinbase with listing unregistered securities last week. The cryptocurrency market is in a crucial growth phase that could significantly determine the winners of blockchain mainstream adoption. The fact that different countries are coming up with respective crypto policies is a true testament that there is a need for an update on the decades-old financial systems. Notably, Europe, Hong Kong, Middle East countries, El...
Read More »Bitcoin Price Stabilizes in $26K Range Following Recent Regulatory-Induced Volatility
The price of Bitcoin is now experiencing some stability after heavy volatility following last week’s events in the crypto sector. The price of Bitcoin (BTC) seems to have stabilized as the world’s largest cryptocurrency by market cap recovers from recent volatility. Throughout last week, Bitcoin was unstable following regulatory issues that plagued the crypto industry and caused uncertainty and doubt. According to CoinMarketCap data, Bitcoin is trading at $26,147 after climbing less...
Read More »SEC Chair Gary Gensler Refers to Bitcoin and Ethereum as Non-Securities in Newly Revealed Video
The SEC chair previously indicated that all cryptocurrencies apart from BTC are securities. In a recently unearthed video from a 2018 crypto-themed event hosted by Bloomberg and Fidelity, Gary Gensler, the current chairman of the United States Securities and Exchange Commission (SEC), made statements that contradict his current position on digital assets regulations in the country. The video, which started circulating on Twitter on June 12, shows Gensler addressing institutional investors...
Read More »