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June 28, 2023
Artificial intelligence has provided the world with tools that might make life easier. But there has also been a slew of disturbing developments. Artificial intelligence (AI) is cursed. The boom of AI tools over a short time could be accelerating us toward a dystopia published that humanity isn’t ready for. AI has brought positive effects...
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The move provides PAX coin access to Mexico’s 3.1 million-plus cryptocurrency users. Blockchain fintech company Paxos and online marketplace MercadoLibre have entered a partnership to bring the Pax Dollar (USDP) stablecoin to Mexico via the MercadoPago payment service on June 28.  According to a press release shared with Cointelegraph, USDP will be available to all...
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Open-sourcing crypto wallet designs offers some benefits, but there are trade-offs as well. Last month, hardware crypto wallet manufacturer Ledger announced its “Ledger Recover” program designed to allow customers to back up their seed phrases to the cloud and link it with their real-world identity. The announcement was met with heavy pushback from the crypto...
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With this move, the European Commission aims to open up the payments market controlled by banks, Visa and Mastercard. On June 28, the European Commission announced it had proposed a legislative plan for a digital euro, aiming to make it a widely accepted and easily accessible form of payment. The announcement emphasized that allowing individuals to...
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Serious crypto investors think memecoins are stupid. But smart people are making serious money from dumb memecoins. Here’s how. Back in 1984, a U.K. television advertisement for Kit Kat chocolate bars was set in a music labels office where a keen young band played their demo for a bored music executive. Afterward, they were served...
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The alliance intends to bring a change to the public administration and the business sector. Stablecoin issuer Tether has signed a memorandum of understanding (MoU) with the government of Georgia to develop Bitcoin and peer-to-peer focused infrastructure in the country. The Strategic collaboration between the stablecoin issuer and the Georgian government will focus on building...
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Gain insights into the key milestones and trends that have shaped the internet into the global phenomenon it is today. The internet has become an integral part of our daily lives, revolutionizing how we communicate, access information and conduct business. It has evolved over several decades, starting from humble beginnings as a research project and...
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While fiat channels remain the dominant tool for criminal financing, Bitcoin appears to have fallen out of favor for criminals as far as cryptocurrencies go. According to new research, fewer cybercriminals are turning to Bitcoin as their primary method of moving illicit funds, with bad actors opting to go back to fiat channels or choosing...
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Certain members holding high positions within the firm bill an hourly rate exceeding $2,000 for their professional services. Bankrupt crypto brokerage Voyager Digital is obligated to pay $1.1 million to its legal adviser, Kirkland & Ellis, for fees and expenses associated with its involvement in the company’s bankruptcy proceedings in April. According to the available...
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KuCoin’s Know Your Customer checks will require new users to complete identity verification to access all services, while existing non-KYC users will not be able to deposit. Major cryptocurrency exchange KuCoin is working to strengthen its Know Your Customer (KYC) system by introducing new mandatory identity checks. On June 28, KuCoin officially announced the upcoming...
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