The Biden administration has reiterated its support for the proposed Digital Asset Mining Energy (DAME) tax, which would impose a 30% excise tax on the electricity consumed by cryptocurrency miners. The White House's Council of Economic Advisers (CEA) released...
On May 1, 2023, ARK Invest, an investment management firm, announced that it had increased its stake in Coinbase by acquiring 168,869 shares, valued at $8.5 million, and adding them to its portfolio exchange-traded funds (ETFs): Ark Innovation (129,604...
Dubai-based cryptocurrency exchange, ByBit, has announced the launch of its internal cryptocurrency lending service. This service allows users to deposit cryptocurrency and receive interest payments. 📣 We are excited to announce the launch of #Bybit Lending! You can now...
The non-fungible token (NFT) marketplace, Blur, has partnered with venture capital firm Paradigm to launch Blend, a collateralized lending system that allows buyers to purchase NFTs using a buy-now, pay-later (BNPL) method. According to Blur, the lending system will...
The Litecoin community has announced the development of an experimental fungibility standard called LTC-20, and the issuance of new a test token created as part of the initiative. The LTC-20 test standard is being developed on top of the...
Samsung has banned its employees from using generative artificial intelligence (AI) tools, such as ChatGPT, in their workflow and office routines. This decision came after some engineers uploaded sensitive company information to the ChatGPT platform. An internal memo obtained...
Coinbase is facing a class-action lawsuit in a California District Court over allegations of violating Illinois's biometric privacy laws. The lawsuit, filed on May 1, 2023, by a Coinbase user, claims that the exchange's requirement for customers to provide...
According to a report released by Privacy Affairs, a leading online data security company, cybercriminals are selling compromised and verified cryptocurrency accounts on the dark web at increasingly high prices. The report, titled "The Dark Web Price Index," published...
A survey conducted by Bitget between July 2022 and January 2023 found that 46% of millennial respondents owned cryptocurrencies. The survey had nearly 459,000 participants from 26 countries, including the US, China, Japan, Germany, Indonesia, and Nigeria. Compared to...
Binance, a leading cryptocurrency exchange, is set to reenter the Japanese market through its acquisition of Sakura Exchange Bitcoin (SEBC), a Japanese crypto exchange platform. SEBC will cease its crypto exchange and brokerage services by May 31, 2023. The...
