Day: 5 June 2024

Bitget has announced a strategic partnership with Sumsub to enhance its AI-powered Know Your Customer (KYC) verification tools as it aims to tackle the growing issue of deep fake crimes. This collaboration will reportedly improve Bitget's ability to accurately identify and prevent deep fake scams by over 99%. Sumsub will ...

Bitcoin is showing strong bullish resilience at around the $71,000 mark, as Spot Bitcoin Exchange-Traded Funds in the US record their second-highest day since March 12.  There appears to be increasing investor confidence in the US spot Bitcoin ETFs, as data from a London-based investment firm, Farside Investors, reveals that ...

According to the on-chain analytics and insights platform SpotOnChain, a crypto whale that made over $145 million in profit from trading $SHIB, has begun to re-accumulate the memecoin again after two years.  In a report shared today via a social media post, SpotOnChain noted that two old wallets belonging to ...

Tether and XREX Group, a regulated, blockchain-enabled financial institution, have partnered to improve the technology used to monitor and regulate stablecoin transactions and make it harder for them to be used for illegal purposes. The USDT stablecoin issuer announced a strategic investment of $18.75 million in the Group. According to ...

Bitcoin could reach a new all-time high as soon as next week following the United States recording its lowest number of job openings in three years, according to crypto research platform 10x’s Markus Thielen. Markus Thielen, head of research at 10x Research, noted in the company’s latest market update, that ...

StarkWare, an Israeli company known for its Ethereum layer-2 solutions StarkNet and StarkEx, has announced a major initiative to enhance Bitcoin's capabilities using zero-knowledge rollups. The company has committed $1 million to research and development for this effort, highlighting its dedication to improving Bitcoin scalability. StarkWare's solution centres around StarkNet, ...

According to Matt Hougan, the chief investment officer at Bitwise, the crypto industry could tap into the trillions held by the financial advisory sector once U.S. regulators clarify legal uncertainties about the financial instrument. In a June 4 memo to investors, Hougan pointed out that regulatory ambiguity has been the ...