Survey Finds Friends and FOMO To Drive New investors to Crypto
A recent survey by the United States Financial Industry Regulatory Authority (FINRA) Investor Education Foundation has shed light on the reasons why new investors have Go to Source
Crypto industry suffers huge losses of $103M in April, CertiK reports
In April 2023, the cryptocurrency industry suffered huge losses amounting to more than $103 million. Several issues like cyberattacks, fraudulent activities, and sudden loan demands Go to Source
MicroStrategy’s Bitcoin conviction ‘strong’ as it posts Q1 profit
The one-time income tax benefit helped the firm reach a profit of $94 million in the first quarter of 2023. Business intelligence platform MicroStrategy has reiterated its commitment to its…
Level Finance confirms $1M exploit due to buggy smart contract
An attacker manipulated a “claim multiple” bug in a Level Finance smart contract to steal more than 214,000 LVL tokens from the exchange. Decentralized exchange Level Finance has experienced a…
Bitcoin hash rates threaten blockchain decentralization
The blockchain industry is facing a massive power imbalance — just like the traditional finance industry. Blockchain technology was introduced in 2008 as a decentralized, secure, transparent system for managing…
Poloniex will pay $7.6M settlement to US authorities for ‘apparent violations’ of sanctions
OFAC said Poloniex allowed users in Crimea, Cuba, Iran, Sudan and Syria to conduct digital asset trades, deposits and withdrawals between January 2014 and November 2019. The United States Treasury…
Industry heavyweights respond to UK’s crypto asset regulatory framework proposal
HM Treasury was directed to spot problems that may need refinement, but the basic principles of its approach were heartily welcomed. The deadline has come for comments on a consultation…
Liquid staking solutions now have more TVL than DEXs: DefiLlama
From April 13 to May 1, TVL on decentralized exchanges declined by $1.66 billion while it increased on liquid staking protocols by $280 million. Liquid staking solutions such as Lido…
Scientists in Texas developed a GPT-like AI system that reads minds
A new study demonstrates how the tech underlining ChatGPT can decode brain scans; recent AI progress indicates this could have implications for blockchain and Web3. Researchers at the University of…
European Union pushes forward with first AI framework: Law Decoded, April 24–May 1
High-risk tools will not be banned entirely, though they will be subjected to stricter transparency procedures. Legislators in the European Union have pushed forward with a draft of a new…
Bitcoin Price Prediction for Today, May 1: BTC/USD Nosedives Below $28,000 Support
The Bitcoin price prediction shows that BTC may continue to drop below the moving averages as the coin faces the south. Bitcoin Prediction Statistics Data: Go to Source
Poloniex Agrees To Pay $7.6 Million To Settle Sanction Violation Charges
Poloniex has agreed to pay $7.6 million as part of a settlement agreement with the U.S. Office of Foreign Assets Control. The multi-million dollar fee will settle charges related to…
Stabilizing the Banking System: Biden Reassures Public Amid First Republic Bank Collapse, but Warns of National Debt Default
Amid the collapse of the second, third, and fourth largest banks in American history, U.S. president Joe Biden reassured the public that the country’s banking system remains sturdy. However, the…
Ethereum Network Fees Surge 153% in 30 Days, While Arbitrum Daily Transactions Outpace ETH Following Shapella Upgrade
Ethereum network fees have experienced a significant upswing following the implementation of the Shapella upgrade on April 12th. In the last 30 days, onchain fees have soared by over 153%,…
Paysenger Launches IDO as the Platform Looks to Solve the Challenges of AI-Generated Art
PRESS RELEASE. The rise of AI-generated art has created ethical concerns and challenges within the art community, as many artists perceive these tools as undermining their skills and exploiting their…