South Africa emerges as a leading digital asset hub, driving growth in crypto with proactive regulations and expanding platforms like VALR.
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African economies show high potential for digital asset adoption - News
AI may lead to inflationary pressures: Bank of Canada Bank of Canada Governor Tiff Macklem highlighted the potential risks AI poses to inflation and financial stability in the short term.
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PancakeSwap plans v4 update following $836B trading volume milestone PancakeSwap announces its v4 update to improve liquidity provision, interoperability and scalability, aiming to resolve AMM shortcomings.
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Circle predicts stablecoins will become mainstream global payment method Stablecoin issuer Circle expects internet payment firms and other financial services companies will attempt to enter or expand in the space.
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Meta to resume AI training in UK after regulatory pause The tech giant will use public information, including posts, comments, photos, and captions from adult users on Instagram and Facebook.
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Does Hong Kong’s slow approach to crypto regulation risk stifling digital asset growth? Hong Kong risks falling behind in crypto as the city is urged to speed up regulation to keep pace with the rapidly evolving industry.
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Hong Kong considers new licensing regime for OTC crypto trading Hong Kong's SFC is exploring new licensing regulations for OTC cryptocurrency services, seeking input from industry participants.
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Uniswap CEO denies allegations of charging for protocol deployments The response comes after users took to X to complain about Uniswap asking for as much as $20 million for protocol deployment.
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Ireland to probe Google’s AI model for data protection compliance The DPC’s inquiry into Google’s AI model development explores the handling of EU citizens’ personal data for training PaLM2.
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Brazilian bank suspends native crypto token trading following 97% price drop Nubank suspends trading of its native token, offering users the option to convert holdings to Bitcoin or USDC by Dec. 9.
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Tether invests $100M in agriculture firm as stablecoin competition grows This is Tether’s first investment in the agriculture and food sector, after investments in artificial intelligence, Bitcoin mining operations, and digital education initiatives.
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Elon Musk denies Tesla will pay xAI for AI technology partnership The clarification comes after a news report stated Musk’s AI startup has discussed sharing its technology with Tesla and, in return, would earn revenue from the carmaker.
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OpenAI business users top 1M, targets premium ChatGPT subscriptions OpenAI is looking to introduce more expensive subscription plans for upcoming large-language models like the Strawberry and Orion AI models.
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India reconsiders foreign crypto exchange registrations: Report India’s Financial Intelligence Unit is studying registration requests from four overseas crypto exchanges that were earlier banned for noncompliance with the country’s AML laws.
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Riot Platforms’ Bitcoin holdings cross 10K BTC, production drops Riot Platforms reports a drop in Bitcoin production for August 2024 but stays bullish with expansion plans to increase its mining capacity and optimize energy costs.
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How Bybit’s liquid staking token boosts Solana ecosystem Bybit launches bbSOL, a liquid staking token on Solana, enabling users to earn staking rewards while maintaining liquidity and maximizing returns.
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Global Bitcoin ATM network lost over 600 machines in 2 months Law enforcement authorities are proactively seeking out and closing Bitcoin ATMs that are frequently involved in extortion and scams.
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Japan’s Sakana AI partners Nvidia for research, raises $100M The Tokyo-based startup raised $100 million in a Series A funding round led by New Enterprise Associates, Khosla Ventures and Lux Capital, with participation from Nvidia.
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South Korea to inspect crypto exchanges for suspicious transactions South Korea’s FSS is set to enforce stricter regulations on crypto exchanges, with possible legal repercussions for noncompliance.
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Penpie hacker launders 26% of $27M stolen funds in 12 hrs The Penpie protocol hacker funneled $7 million through Tornado Cash hours after stealing $27 million, highlighting DeFi security risks.
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Canadian court orders $1.2M Bitcoin loan repayment The Supreme Court of British Columbia has ordered $1.2 million in damages to be paid in a Bitcoin-related loan dispute, reflecting the growing legal acceptance of cryptocurrencies.
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Crypto losses to hacks exceed $313M in August The two largest phishing attacks together made up 93.5% of the total stolen funds, amounting to $293.4 million.
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Telegram financial statement shows it holds $400 million in crypto The messaging app had about four million premium users at the end of 2023.
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Hong Kong accepts crypto license application past deadline Hong Kong Digital Asset Xchange is the latest firm to apply for a license, having submitted its application on Aug. 27.
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Bankrupt Bitcoin miner Rhodium gets court approval for loan in BTC or USD The company was authorized to choose between receiving a $30 million or a 500 Bitcoin loan from Galaxy Digital.
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Binance to support Cardano’s network upgrade The Cardano network is ready for the Chang hard fork, part of the transition to the Voltaire era of decentralized network governance.
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Former Square, Coinbase execs raise $58M for Bridge stablecoin network Bridge seeks to build a global stablecoin payment network to rival traditional systems like Swift and credit cards.
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Parafi Capital’s $120M fundraise signals renewed growth for crypto funds Crypto firms and VCs have been raising capital this year as cryptocurrency prices recover, improving overall market sentiment.
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Japan eyes Web3 growth with startup-focused tax reforms Japanese minister Takeru Saito hopes to create an environment to lure businesses and developers worldwide.
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Bitfarms assumes control of 120 MW mining mega-site in US Bitfarms assumes control of its first U.S. mega-site, marking a significant expansion in its power capacity and mining operations.