The United Kingdom government could rebalance the power between the Bank of England and the country’s principal financial regulator, the Financial Conduct Authority. The United Kingdom government could rebalance the power between the central bank of the country, Bank of England (BoE) and the principal financial regulator, the Financial Conduct Authority (FCA), in the former’s...Continue Reading

Binance’s depleting USDC reserves has become a hot topic in the crypto ecosystem, especially after Coinbase CEO’s quip during the company’s Q2 earning call. Cryptocurrency exchange Binance released its latest proof-of-reserves (PoRs) on Aug. 1, offering transparency into its crypto reserves. However, the movement of its USD Coin (USDC) reserves at the time of Silvergte’s...Continue Reading

Previously commonly referred to as “digital real”, Brazilian central bank digital currency gets its official brand name. Brazilian central bank digital currency (CBDC), previously commonly referred to as “digital real”, gets its official brand name. It would be called Drex.  On August 7, the Central Bank of Brazil issued a press release, revealing and explaining...Continue Reading

Bitcoin stages a recovery toward a key resistance but fails to break through, and BTC price action is giving some cause for optimism. Bitcoin (BTC) recovered above $29,000 on Aug. 8 as one trader eyed a potential breakout already underway. BTC/USD 1-hour chart. Source: TradingView BTC price teases falling wedge breakout  Data from Cointelegraph Markets...Continue Reading

One of the world’s oldest cryptocurrency exchanges, Bitstamp, is trying to scale its operations with new fundraising advised by Galaxy Digital. Bitstamp, one of the world’s longest-running cryptocurrency exchanges, is moving forward with its global expansion ambitions, reportedly working to raise new funds to scale operations. Crypto exchange Bitstamp started the fundraising process in late...Continue Reading

ChatGPT users have the option to scrap the web crawler by adding a “disallow” command to a standard file on the server. Artificial intelligence firm OpenAI has launched “GPTBot” — its new web crawling tool which it says could potentially be used to improve future ChatGPT models. “Web pages crawled with the GPTBot user agent...Continue Reading

Nearly 30 fake PYUSD tokens cropped up in the wake of PayPal’s most recent announcement. Less than 16 hours have passed since the launch of PayPal’s new stablecoin (PYUSD), and opportunists, degens and potential scammers are already attempting to cash in on the hype with their own copycat tokens. According to data from decentralized exchange...Continue Reading

Major stablecoin issuers Tether and Circle are focusing on non-U.S. markets where adoption is growing. Circle CEO Jeremy Allaire estimates as much as 70% of USD Coin (USDC) adoption comes from countries outside of the United States. On Aug. 8 tweet to his 131,300 followers on X (Twitter), Allaire said the high rate of non-U.S....Continue Reading

Many online said they were halting the use of Zoom over terms that seemingly allowed the platform to scrape user data to train AI models. Video-conferencing platform Zoom has updated its terms of service after widespread backlash over a section concerning AI data scraping, clarifying that it won’t use user content to train AI without...Continue Reading

Proponents say PayPal’s PYUSD could see Ethereum become the money layer of the internet, while opponents argue that it’ll act like a poorly designed CBDC. Paypal’s new Ethereum-based stablecoin, PYUSD has been seen as bittersweet news for the crypto community. While it could finally see Ethereum find its place in mainstream adoption, it could also...Continue Reading