Bitcoin is on a roll in 2023, breaking records left and right. For instance, on May 2, at block height 787,895, the cryptocurrency’s hashrate soared to 491 exahash per second (EH/s). Moreover, on April 20, at block height 786,240, the difficulty hit a new high of 48.71 trillion. But that’s not the only thing that’s […]
Terraform Labs co-founder Do Kwon is set to be freed from jail pending trial after a court in Montenegro accepted a €400,000 ($436,000) bail, according to a report in local news site Pobjeda. Kwon was arrested in Montenegro in March and charged with using a fake passport to attempt to leave the country. The country’s interior ministry says Kwon and […]
Shiba Inu (SHIB) continuously gains the attention of top business brands, increasing its real-world utility; it appears that the token’s popularity has extended beyond just trading and investing. By implication, SHIB token holders can now use their tokens to top up airtime on their phones, shop online, and even explore the upcoming SHIB metaverse. Notably, […]
On May 11, a majority of Texas Lawmakers voted in favor of including people’s right to own, hold and use crypto assets, in an updated Bill of Rights. The bill, HJR 146, was introduced by State Representative Giovani Capriglione. 139 lawmakers voted in favor of the bill, while only two entities voted against it. “The right […]
NFTs are pioneering a new era of digital ownership and investment. With a record number of new NFT collections launching in 2022, the NFT Market is set to reach $50 billion in sales volume for the first time. However, as a rapidly growing market that operates entirely in the digital world, it didn’t take long […]
Microsoft along with 31 other leading companies across sectors announced that it will soon launch its own blockchain, called Canton Network. “The financial industry will undergo a revolutionary transformation with the launch of the Canton Network, the industry’s first interoperable blockchain network that enables privacy for institutional assets. The Canton Network is a decentralized infrastructure […]
Deus Finance, a decentralized finance (DeFi) protocol, was recently hacked resulting in a significant loss of funds. The attack reportedly occurred on May 8, 2023, and the losses exceeded IDR 88 billion (approximately USD 6 million). The exact details of the attack are still unclear, but it is believed that the hacker exploited a vulnerability […]
Binance, the largest cryptocurrency exchange, has suspended Bitcoin withdrawals twice in the past 12 hours. Despite causing alarm in the community, the exchange has reassured users that their funds are secured. Now at press time, the organization announced plans to introduce withdrawals via the BTC Lightning Network. A couple of hours back, Binance made an announcement that […]
President Nayib Bukele of El Salvador announced that the country will be abolishing all taxes on technological innovation, artificial intelligence (AI), and application programming. The move is aimed at promoting innovation and attracting more tech companies to invest in the country. The decision was made after consulting with industry experts and leaders in the tech […]
As an AI language model, ChatGPT is a powerful tool that can assist individuals with a wide range of tasks. However, Samsung has recently announced that it is prohibiting its employees from using ChatGPT due to concerns about security and confidentiality. Samsung is one of the world’s largest electronics manufacturers, and it is known for […]