The white paper states that CBDCs help expand financial inclusion, streamlining cross-border payments and reinforcing monetary policy control.
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Access real-time blockchain and cryptocurrency news updates from around the globe.
Brazil signs overseas crypto tax bill into law
Under the new rules, Brazilian citizens will pay the state up to 15% of their crypto profits.
US financial regulators’ annual report warns of AI risks
According to the report, specific AI tools are highly technical and complex, posing challenges for institutions to explain or monitor them effectively.
Solana phone sales skyrocket as degens scramble for pumped-up BONK
Memecoin hopefuls have been snapping up Solana’s crypto phone in droves after a recent price hike for Solana memecoin Bonk (BONK), which has risen more than 1,100% in the last 30 days.
Since the Solana phone was launched on May 8, new owners have been able to claim a free 30 million airdrop of the memecoin, but a recent rise in the token’s price has presented an interesting arbitrage opportunity for buyers.
“Solana phone sales have > 10x’d in the past 48 hours, and are now on track to sell out before the new year,” wrote Solana co-founder Raj Gokal in a Dec. 15 post to X (formerly Twitter).
At current prices, the 30 million BONK airdrop is worth an astonishing $877 — $278 more than the current $599 price tag of the Saga phone — making it one of the more bizarre arbitrage opportunities available for crypto enthusiasts.
Bonk has posted an outsized gain of 1,100% in the last 30 days, according to CoinGecko. The recent price performance saw Bonk’s market cap flip that of competitor memecoin Pepe. Memecoins are not often known for their stability.
Even the Pope has something to say about artificial intelligence
The explosion of artificial intelligence hasn’t escaped the Vatican, with Pope Francis warning of its dangers in a hefty 3,400-word letter ahead of the World Day of Peace on Jan. 1.
Gensler hints Grayscale ruling forced SEC to take ‘new look’ at Bitcoin ETFs
The SEC chair could be softening his stance on Bitcoin ETFs following the Grayscale court victory, but if so, he hasn’t admitted it outright.
SafeMoon falls 31% in five hours after filing for Chapter 7 bankruptcy
The token of decentralized finance protocol SafeMoon has fallen 31% in five hours after the company behind it filed for bankruptcy.
SafeMoon officially applied for Chapter 7 bankruptcy, also known as “liquidation bankruptcy,” in a Dec. 14 filing to the United States Bankruptcy Court for the District of Utah. The voluntary petition was filed by attorney Mark Rose, with Judge Joel Marker assigned to the case.
SafeMoon bankruptcy filing. Source: CourtListenerA screenshot of a letter to employees purportedly written by the firm’s chief restructuring officer surfaced on Reddit, explaining that its bankruptcy run was why it could no longer pay employee wages before the filing.
“You will need to file a claim in the bankruptcy court for your unpaid wages,” the document read.
The latest blow comes only a month after the U.S. Securities and Exchange Commission charged SafeMoon, its founder Kyle Nagy, its CEO John Karony, and its chief technology officer Thomas Smith, with violating securities laws in what the regulator described as “a massive fraudulent scheme.”
SafeMoon falls 31% in five hours after filing for Chapter 7 bankruptcy
The SafeMoon token nosedived as it was revealed the company behind it had filed for bankruptcy, but it has regained slightly since.
SafeMoon falls 31% in five hours after filing for Chapter 7 bankruptcy
The SafeMoon token nosedived as it was revealed the company behind it had filed for bankruptcy, but it has regained slightly since.
a16z reveals lobbying plan: Throw money at tech-forward politicians
Ben Horowitz, one of the firm’s founders, has pledged to support any politician that helps push crypto and AI technology forward.
a16z reveals lobbying plan: Throw money at tech-forward politicians
Ben Horowitz, one of the firm’s founders, has pledged to support any politician who helps push crypto and AI technology forward.
Web3 firm sees future where gamers rent out their in-game assets for crypto
Polemos co-founder Richard McLaren believes the future of blockchain gaming will involve gamers and developers renting out their in-game NFTs for profit.
Korean crypto firm raises $140M, China’s $1.4T AI sector, Huobi battle: Asia Express
Korean crypto firm pulls off the biggest raise in Asia this year, AI market in China is now worth $1.4T, and Huobi trademark court battle.
Korean crypto firm raises $140M, China’s $1.4T AI sector, Huobi battle: Asia Express
Korean crypto firm pulls off the biggest raise in Asia this year, AI market in China is now worth $1.4T, and Huobi trademark court battle.
Korean crypto firm raises $140M, China’s $1.4T AI sector, Huobi battle: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
South Korean nonfungible tokens (NFT) developer Line Next secured a $140 million investment on December 13 from a consortium led by Peter-Thiel-backed private equity firm Crescendo Equity Partners. It’s the largest blockchain series funding round in Asia this year.
The firm’s NFT platform, dubbed “DOSI,” is scheduled to premiere in January 2024, integrated with Japanese NFT marketplace Line NFT.
“With this investment, Line Next also plans to introduce new services to further accelerate Web3 popularization. These include introducing a social app that allows users to communicate based on the characters they made utilizing AI technology and launching new Web3 games utilizing BROWN & FRIENDS characters that anyone can enjoy.”
Line Next plans to create the new services on public blockchain Finschia, with Line and Crescendo participating in the Finschia Foundation as governance members. The firm claims it has achieved over 470,000 cumulative transactions through various decentralized applications operating under its DOSI brand. Its popular messaging app, Line, has over 5 million users.
Korean crypto firm raises $140M, China’s $1.4T AI sector, Huobi battle: Asia Express
Korean crypto firm pulls off the biggest raise in Asia this year, AI market in China is now worth $1.4T, and Huobi trademark court battle.
Korean crypto firm raises $140M, China’s $1.4T AI sector, Huobi battle: Asia Express
Korean crypto firm pulls off the biggest raise in Asia this year, AI market in China is now worth $1.4T, and Huobi trademark court battle.
Korean crypto firm raises $140M, China’s $1.4T AI sector, Huobi battle: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
South Korean nonfungible token developer Line Next secured a $140 million investment on Dec. 13 from a consortium led by Peter-Thiel-backed private equity firm Crescendo Equity Partners. It’s the largest blockchain series funding round in Asia this year.
The firm’s NFT platform, dubbed “DOSI,” is scheduled to premiere in January, integrated with Japanese NFT marketplace Line NFT.
“With this investment, Line Next also plans to introduce new services to further accelerate Web3 popularization. These include introducing a social app that allows users to communicate based on the characters they made utilizing AI technology and launching new Web3 games utilizing BROWN & FRIENDS characters that anyone can enjoy.”
Line Next plans to create new services on the public blockchain Finschia, with Line and Crescendo participating in the Finschia Foundation as governance members. The firm claims it has achieved over 470,000 cumulative transactions through various decentralized applications operating under its DOSI brand. Its popular messaging app, Line, has over 5 million users.
Korean crypto firm raises $140M, China’s $1.4T AI sector, Huobi battle: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
South Korean nonfungible token developer Line Next secured a $140 million investment on Dec. 13 from a consortium led by Peter-Thiel-backed private equity firm Crescendo Equity Partners. It’s the largest blockchain series funding round in Asia this year.
The firm’s NFT platform, dubbed “DOSI,” is scheduled to premiere in January, integrated with Japanese NFT marketplace Line NFT.
“With this investment, Line Next also plans to introduce new services to further accelerate Web3 popularization. These include introducing a social app that allows users to communicate based on the characters they made utilizing AI technology and launching new Web3 games utilizing BROWN & FRIENDS characters that anyone can enjoy.”
Line Next plans to create new services on the public blockchain Finschia, with Line and Crescendo participating in the Finschia Foundation as governance members. The firm claims it has achieved over 470,000 cumulative transactions through various decentralized applications operating under its DOSI brand. Its popular messaging app, Line, has over 5 million users.
US energy NGO warns of overwhelming demand as ERCOT considers crypto proposals
Government policy and challenges getting projects online complicate energy policy and may have grave consequences.