Avalanche (AVAX) Consolidation Continues As Funding Rate Signals Possible Market Shift

Avalanche (AVAX) has needed help recovering its losses in this volatile crypto market. Compared to other Layer-1 (L1) blockchains, AVAX consolidation could have been faster, raising concerns about its future performance. Despite this uncertainty, recent price action shows AVAX consolidation above the $19.80 support, trading at $22.11 when writing and creating a positive sentiment among [...]

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African Union greenlights AI adoption across member states

The strategy aims to fast-track AI development and adoption in Africa, driving innovation and growth in the continent.

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Singapore commits $74.3M for quantum and AI in finance

The Monetary Authority of Singapore injects funds to enhance quantum computing and AI in Singapores finance sector, supporting local institutions with substantial co-funding.

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OKX's exit From Nigeria sparks criticism from crypto analysts

OKX stopped Naira withdrawals in May 2024 due to regulatory issues after Binance was accused of manipulating Nigerias currency and laundering money.

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Private firms to join global central bank CBDC project

As Project mBridge enters its MVP phase, the BIS is inviting private sector firms to propose new solutions and use cases to further develop and showcase the platforms potential.

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HKMA Releases June 2024 Quarterly Bulletin Highlighting Banking Sector Developments

The Hong Kong Monetary Authority (HKMA) published its June 2024 Quarterly Bulletin, focusing on recent banking sector developments. (Read More)

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Coinbase sues SEC, FDIC over FOIA noncompliance

Coinbases lawsuits target the SEC and FDIC for alleged noncompliance with FOIA requests regarding Ethereums proof-of-stake transition.

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HKMA Hosts Seminar on Banking Sector Support for SMEs

The HKMA, along with key banking associations, hosted a seminar to discuss support measures for SMEs, benefiting around 7,000 businesses with over HK$15 billion in credit. (Read More)

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Key Insights from the 2024 State of Cryptocurrency Investigations Report

Chainalysis unveils findings from its 2024 State of Cryptocurrency Investigations Report, highlighting public sector perspectives on blockchain and crypto asset investigations. (Read More)

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Singapore flags digital payment tokens as high-risk in AML landscape

Singapore said digital payment token service providers, also known as virtual asset service providers, stand out as a high-risk category within the financial sector.

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Fetch.ai, Ocean Protocol, and Singularitynet to Merge Tokens Into Artificial Superintelligence Coin

The teams from Fetch.ai, Ocean Protocol, and Singularitynet (SNET), three top projects in artificial intelligence (AI) on the blockchain, have announced their intention to amalgamate their tokens into a unified cryptocurrency named artificial superintelligence (ASI). 3 Top AI Tokens to Combine Into a Single Coin Called ‘ASI’ In a communication dispatched to Bitcoin.com News, the [...]

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Reports by Fed and FDIC Reveal Vulnerabilities Behind 2 Major US Bank Failures

On Friday, Michael Barr, the vice chair for supervision at the U.S. Federal Reserve, published a report on the vulnerabilities that led to the ultimate failure of Silicon Valley Bank (SVB). In addition, Marshall Gentry, the chief risk officer of the Federal Deposit Insurance Corporation (FDIC), released a similar report on Signature Bank’s collapse and [...]

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AI-Centric Crypto Market Loses Over $1 Billion in Value in 90 Days

Roughly three months ago, 74 AI-driven digital currencies boasted a market value exceeding $4 billion. However, since that time, the AI-centric crypto market has experienced a loss of more than $1 billion in value. The Decline in AI-Driven Cryptocurrencies: $1 Billion Wiped Out From Market At the start of the year, products incorporating artificial intelligence [...]

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Blur Dominates NFT Lending Market With 82% of All Loan Settlements Across the Sector, Dappradar Study Reveals

A recent study by Dappradar discloses the May loan volumes for non-fungible tokens (NFTs) reached a high of $375 million. The findings emphasize the significant influence of Blur within the NFT lending market, as the NFT marketplace platform constitutes 82% of the entire value settled in the NFT lending sector. Blur Emerges as NFT Lending

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Animoca Brands refutes claims of scaled back metaverse fund and plummeting valuation

Venture capital firm Animoca Brands denies claims of reducing its metaverse fund target by $200 million and a significant drop in its valuation, citing inaccurate reporting. The firm acknowledges the impact of banking collapses on fundraising but states that the final amount raised for the fund is yet to be determined. (Read More)

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Interview: Gaming on the blockchain – sector has struggled but what next?

I’ve long been a sceptic of GameFi, the intersection of blockchain and gaming. The sector took off during the pandemic, as games such as Axie Infinity exploded in popularity.  The only problem is, players fled the space once the tokens they earned for playing fell in value, as crypto sold off aggressively and many such …

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Moody’s Warns of Potential Financial Disruption Spillover Beyond US Banking Sector

Roughly ten days ago, the credit agency Moody’s Investors Service downgraded the U.S. banking sector from “stable” to “negative.” In a recent update on Thursday, the company stated that there is still a risk to the U.S. economy. The managing director of credit strategy at Moody’s explained that the country “will be unable to curtail [...]

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South African Government to Add Crypto Entities to ‘List of Accountable Institutions’

According to the South African government, crypto entities — or businesses whose activities include the exchange or transfer of crypto assets — are set to be included in the list of so-called accountable institutions starting Dec. 19. Businesses that convert one crypto asset to another or that conduct transactions where a crypto asset is transferred

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Bitcoin’s Mining Difficulty Expected to Drop Significantly, Retarget Could Be 2022’s Largest Reduction

Bitcoin miners could catch a break in a week or so, on or around Dec. 5, 2022, as the next difficulty retarget is expected to see a significantly large reduction. Estimates show the next difficulty retarget could drop anywhere between 6.13% and 10% lower. Presently, the difficulty change looks as though it could be 2022’s

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3 key crypto price events to watch in the wake of the FTX and Alameda debacle

FTX and Alameda’s Ponzi-like trading scheme has dealt a heavy blow to the entire crypto industry. Here are three developments to keep a close eye on.

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