Author: bitcrypto.io
Global tech influencers and professors gathered at this year’s EmTech Korea to discuss the impact and potential of breakthrough technologies encompassing artificial intelligence in various sectors including space and robotics, energy and health tech, in Seoul on Thursday. Orchestrated by the MIT Technology Review, the annual conference aimed at exploring the fusion of global technology trends and industries took place at the Coex convention and exhibition center in Seoul, for the first time. Opening the event, Amy Nordrum, executive editor of the bimonthly MIT Technology Review, presented the 10 breakthrough technologies seen to hold greatest potential to change the future.…
Mastercard Launches Crypto Credential, Aiming for Global Payment Ease Financial giant Mastercard has initiated its first real-world application of the Crypto Credential system, a system aimed at facilitating easier and more secure peer-to-peer (P2P) cryptocurrency transactions. The service, which allows users to transfer cryptocurrencies using simple aliases, has gone live across several exchanges in Europe and Latin America. On Wednesday, Mastercard disclosed that the Crypto Credential system is currently operational on Bit2me, Lirium, and Mercado Bitcoin exchanges, enabling users from countries including Argentina, Brazil, Chile, and France, among others, to execute both cross-border and domestic transfers. By employing aliases rather…
Meanwhile, the Jeo Boden (BODEN) meme coin linked to Trump’s arch-rival, Joe Biden, rallied 6.4% in the first 15 minutes before dumping again. The largest meme coin tied to United States presidential candidate Donald Trump has recovered after plummeting 16% moments after he was found guilty on 34 felony counts for falsifying business records. The case related to Trump concealing a hush money payment to adult entertainment star Stormy Daniels, which will now move to sentencing. Despite the conviction, Trump maintains his innocence and called the outcome of the trial a “disgrace.” “This was a rigged trial by a conflicted judge who…
The winds of change were blowing in a clearer direction, and with a distinctly spring-like feeling for U.S. crypto and digital assets regulation in Washington last week. After months of the industry anticipating decisive action from the Hill, notable bi-partisan progress was made with the Financial Innovation and Technology for the 21st Century Act (FIT21), the U.S. Securities and Exchange Commission (SEC) Staff Accounting Bulletin 121 (SAB121), and the CBDC Anti-Surveillance Act. This watershed week marks a new era for the U.S. crypto and digital assets industry in Washington. Last week’s progress on the Hill is on the back of…
Pepe (CRYPTO: PEPE) has soared to a $7 billion market capitalization, adding $4 billion in May alone. Pepe has become the third meme coin, following Dogecoin (CRYPTO: DOGE) and Shiba Inu (SHIB/USD), to reach this significant milestone. The frog-themed token outperformed its rivals and outshone the broader cryptocurrency market, touting a 135% increase over the month. Surge in Trading Volumes The frenzied interest in PEPE is evident from its trading volumes, which approached $2.5 billion in the last 24 hours, making it the most-traded meme coin during this period. The rally has attracted wealthy investors, including a whale who withdrew…
Robinhood Crypto vice president Johann Kerbrat said that the API allows developers to build custom tools for crypto trading. Stock trading app Robinhood announced the release of its crypto trading application programming interface (API) for users based in the United States. On May 30, the investing app revealed its attempt to tap into seasoned crypto traders through an API. The crypto trading API allows US-based traders to set up automated trading strategies. Robinhood believes this will let users react to market movements and be ahead of market trends. Users can also trade crypto using the API without opening the Robinhood…
BlackRock’s iShares Bitcoin Trust has taken the lead as the world’s largest fund for Bitcoin, accumulating nearly $20 billion in total assets since its listing in the United States earlier this year. According to data compiled by HODL15Capital, the exchange-traded fund held $19.68 billion worth of Bitcoin on Tuesday, surpassing Grayscale Bitcoin Trust’s $19.65 billion. Fidelity Investments holds the third-largest spot with an $11.1 billion offering. The launch of BlackRock’s Bitcoin ETF, along with Fidelity’s, was part of a group of nine funds that debuted on January 11, coinciding with Grayscale’s conversion into an ETF. The approval of spot Bitcoin…
Donald Trump speaking at the Libertarian Party National Convention on May 25, 2024 in Washington, DC. Former president Donald Trump tried to cozy up with the Libertarian Party on Saturday, but it didn’t go well. As boos and chants of “End the Fed” filled the convention during his speech, there were two campaign promises that brought cheers from the crowd: commuting the sentence of Silk Road founder Ross Ulbricht and protecting crypto. “He’s already served 11 years, we are going to get him home,” Trump told the crowd. Ulbricht was sentenced to life in prison in 2015 after he was…
This move is part of FalconX’s ongoing push to rehaul institutional crypto trading and bring it more tightly into traditional financial systems. Renowned crypto prime broker FalconX has recently announced the launch of a dedicated foreign exchange (FX) desk in London to boost its market presence and enhance its service offerings. The new FX desk is set to offer crypto trading firms, exchanges, and brokers access to 20 forex pairs, including major currencies such as the US dollar, euro, and British pound. This development is part of FalconX’s broader strategy to provide seamless access to fiat currency markets for crypto…
Donald Trump, the former U.S. president who’s on course for a showdown with his 2020 rival president Joe Biden this year, has warned Biden is trying to kill the U.S. crypto industry. Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and “uncover blockchain blockbusters poised for 1,000% plus gains” in the aftermath of bitcoin’s halving earthquake! Trump, who has recently begun accepting crypto campaign donations after making millions of dollars selling crypto-based digital trading cards, said Biden wants bitcoin and crypto in the U.S. “to die a slow and painful death.” “I am very positive and open minded to cryptocurrency…
