GPT-4 version of OpenAI's ChatGPT conversational AI was released on March 14, and is said to be much more powerful than the previous version.
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Access real-time blockchain and cryptocurrency news updates from around the globe.
Breaking: SVB Financial Group files for Chapter 11 bankruptcy
SVB Financial Group, the former umbrella entity of Silicon Valley Bank, has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Southern District of New York to "preserve value."
US Bank collapse — Was crypto being targeted?
The latest episode of Decentralize with Cointelegraph unpacks whether U.S. regulators are targeting the crypto ecosystem through closure of SVB and Signature Bank.
Dubai to Abu Dhabi: How NFTs are used in the UAE
Cointelegraph went to an EDM concert and spoke to projects at the recent AIBC Dubai event to see how nonfungible tokens are used in the United Arab Emirates.
Post-Merge Ethereum: Grayscale extends review of ETHPoW decision
Grayscale will take 180 days at max to decide whether, when and in what manner to sell ETHPoW on behalf of the record date shareholders.
Crypto assets to become a separate category in UK tax forms
The recent national budget, published by His Majesty’s Treasury, announces the amendment of the self-assessment forms for crypto assets.
What is quantum cloud computing, and how does it work?
Quantum cloud computing is a nascent technology with profound implications, and it may soon be widely available thanks to cloud technology.
Signum Digital scores approval to offer security tokens in Hong Kong
Hong Kong's Security and Futures Commission greenlights Signum Digital to offer security tokens in the city, after inviting applications for virtual asset trading licenses.
Signum Digital scores approval to offer security tokens in Hong Kong
Hong Kong’s Security and Futures Commission greenlights Signum Digital to offer security tokens in the city after inviting applications for virtual asset trading licenses.
Intern for Gensler? SEC's college traineeships start at $15 an hour
The SEC is recruiting for college traineeships starting at $15.09 an hour, which is less than the minimum wage in Washington D.C. where the regulator is headquartered.
Intern for Gensler? SEC's college traineeships start at $15 an hour
The SEC is recruiting for college traineeships starting at $15.09 an hour, which is less than the minimum wage in Washington D.C. where the regulator is headquartered.
Lightning Labs and Tari agree to convert restraining order in trademark suit
Tari Labs, who bought the suit against the project has faced backlash from the crypto community with some suggesting the lawsuit was “frivolous.”
Euler Finance hacked despite 10 audits in 2 years, says CEO
Euler Labs CEO Michael Bentley stated he will “never forgive” the hacker as the exploit caused him to lose time with his newborn son.
Euler Finance hacked despite 10 audits in 2 years, says CEO
Euler Labs CEO Michael Bentley stated he will “never forgive” the hacker as the exploit caused him to lose time with his newborn son.
Bitcoin is beating Warren Buffett’s 'crypto bet' in 2023
Bitcoin's rebound in 2023 has also seen Coinbase stock gaining over 100% year-to-date, boosting Cathie Wood's ARK portfolio.
Bitcoin is beating Warren Buffett’s 'crypto bet' in 2023
In 2023, Bitcoin (BTC) and Cathie Wood's Coinbase (COIN) investment are finally outperforming Warren Buffett's popular "crypto bet" in Brazil's fintech giant Nubank (NU).
Bitcoin vs. crypto-exposure stocks NU, COIN
As of March 17, Bitcoin's price is up nearly 55% year-to-date (YTD). In comparison, Nubank has risen by only 26%. Meanwhile, another crypto-exposure asset, namely Coinbase stock (COIN), has seen the biggest rebound of the three, rising over 100% YTD.
BTC/USD and COIN versus NU yearly performance. Source: TradingViewNevertheless, Buffett's investment has fared better than COIN over the past 12 months.
As of March 17, NU is down 38% year-over-year compared to COIN's 61.76%, nearly equal to Bitcoin's 37% losses in the same period.
Warren Buffett sticks by his neobank investment
Buffett's investment firm Berkshire Hathaway purchased $1.50 billion worth of class-A Nubank stock in two separate rounds in July 2021 and February 2022.
SVB collapse chilled NFT trading volumes: DappRadar
Only 11,440 NFT traders were active on March 11 which was the lowest figure recorded since November 2021.
LinksDAO wins bid to buy its first golf course, says CEO
The decentralized autonomous organization (DAO)-operated golf startup, LinksDAO is primed to become the new owner of the Spey Bay Golf Club in Scotland after successfully winning a bid to buy the course initially listed for just over $900,000.
After winning the bid, the DAO has entered into an exclusivity agreement with the vendor and will look to formally close the deal in early April.
In the meantime, it is undergoing its “due diligence” phase before it officially puts pen to paper, according to CEO Jim Daily in a Twitter Spaces held on March 16.
While the initial listing was a tick over $900,000, a report from Golf Digest suggested the final sale price is expected to be higher. Links CEO Daily said that they’re not planning on revealing the purchase price until the contract is signed.
LinksDAO put in the highest offer over “several other potential buyers,” the report added.
Chinese billionaire’s $1B fraud charges, Kwon’s $11M bet, Zhu Su and Islam: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
Chinese billionaire arrested in U.S. for $1B financial fraud
According to an announcement published by the U.S. Department of Justice (DOJ) on Mar. 15, Chinese billonaire Ho Wan Kwok (aka Miles Guo and more commonly as Guo Wengui), has been arrested on a total of twelve charges, including wire fraud, securities fraud, bank fraud, and money laundering. Among many items, the DOJ alleges that Kwok/Guo “fraudulently obtained” more than $262 million from victims through cryptocurrency platform Himalayan Exchange.
The Himalaya Exchange included assets such as Himalaya Dollar (HDO), a purported stablecoin, and Himalaya Coin (HCN), a purported trading coin. According to the indictment, Guo told investors that HCN was 20% backed by gold and that he would personally compensate investors for “100%” of trading losses.
“If anyone loses money, I can say that I will compensate 100%. I give you 100%. Whoever loses money, I will bear it.”
Guo launched both HCN and HDO coins in an initial coin offering (ICO) around Nov. 1, 2021, when HCN was trading at around $0.10 apiece. Two weeks later, the Himalaya Exchange website stated that each HCN was worth 27 HDO, or $27, and had a total market cap of $27 billion.
Chinese billionaire’s $1B fraud charges, Kwon’s $11M bet, Zhu Su and Islam: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments.
Chinese billionaire arrested in U.S. for $1B financial fraud
According to an announcement published by the U.S. Department of Justice (DOJ) on Mar. 15, Chinese billonaire Ho Wan Kwok (aka Miles Guo and more commonly as Guo Wengui), has been arrested on a total of twelve charges, including wire fraud, securities fraud, bank fraud, and money laundering. Among many items, the DOJ alleges that Kwok/Guo “fraudulently obtained” more than $262 million from victims through cryptocurrency platform Himalayan Exchange.
The Himalaya Exchange included assets such as Himalaya Dollar (HDO), a purported stablecoin, and Himalaya Coin (HCN), a purported trading coin. According to the indictment, Guo told investors that HCN was 20% backed by gold and that he would personally compensate investors for “100%” of trading losses.
“If anyone loses money, I can say that I will compensate 100%. I give you 100%. Whoever loses money, I will bear it.”
Guo launched both HCN and HDO coins in an initial coin offering (ICO) around Nov. 1, 2021, when HCN was trading at around $0.10 apiece. Two weeks later, the Himalaya Exchange website stated that each HCN was worth 27 HDO, or $27, and had a total market cap of $27 billion.