Author: bitcrypto.io

ByteDance’s subsidiary, BytePlus, and Mysten Labs have joined forces to pioneer the integration of artificial intelligence (AI) and blockchain technology in the leap towards Web3. This strategic move by ByteDance represents its continued exploration of blockchain technology, echoing its previous endeavors in this domain. BytePlus, the technological powerhouse behind TikTok’s parent company, has forged a significant partnership with Mysten Labs, the brains behind the Sui layer-1 blockchain. In an announcement made on April 17, BytePlus unveiled plans to leverage its expertise in AI and data storage to revolutionize the functionality of web3 games and SocialFi projects within the Sui ecosystem.…

Crypto tycoon Justin Sun has made headlines once again with a substantial transfer of $196 million in Tether (USDT) to Binance, as reported by blockchain sleuths Lookonchain. This move by the Tron Founder follows a trend of USDT deposits into Binance and ongoing acquisitions of Ether. The transfer was detailed by Lookonchain in a post on X platform, showcasing three separate batches totaling $196 million from Huobi to a Binance wallet address owned by Sun. Justin Sun’s crypto holdings, estimated to exceed $1 billion across various wallets, include a significant amount of the USDD algorithmic stablecoin, valued at $280 million,…

Samsung has entered a collaboration with Polygon to integrate Web3 features, reaching over 200 million users through its smart TVs. The GEN|3|GATE initiative signifies a major stride toward creating a compatible environment for smart TVs powered by Polygon PoS, paving the way for diverse possibilities in the blockchain world. This collaboration marks a significant move to merge the metaverse experience into mainstream entertainment, with Wilder World emerging as one of the pioneering AAA-grade Web3 games accessible to regular gamers via Samsung Smart TVs. Samsung has seamlessly integrated Wilder World’s assets and information into its platforms and non-fungible token (NFT) gallery.…

Germany’s largest federal bank, LBBW, is into the world of cryptocurrency custody services in partnership with Bitpanda, an Austrian exchange platform. This strategic collaboration aims to provide LBBW’s clients with secure storage and procurement of various cryptocurrencies, including bitcoin (BTC) and ether (ETH) with a market launch planned for the second half of 2024. Stefanie Münz, a member of LBBW’s board of directors overseeing finance, strategy, and operations, highlighted the significance of this move for corporate clients, the commitment to maintaining the highest security standards while offering innovative solutions in the digital asset space. LBBW plans to leverage Bitpanda’s expertise…

The SEC’s latest move involves issuing a Wells Notice against Uniswap, a prominent decentralized exchange that has thrived amidst the DeFi boom. Regulatory scrutiny on DeFi has been ongoing, but the recent surge in participants and investments has heightened pressure from authorities. This comes in the wake of FTX’s collapse and Binance facing substantial fines, prompting crypto stakeholders to explore alternative investment avenues. Despite these challenges, DeFi’s Total Value Locked (TVL) has surged to around $50 billion, indicating renewed optimism. The SEC’s action against Uniswap is alarming for several reasons. Firstly, it underscores the escalating regulatory environment surrounding DeFi. Despite…

Nordic Blockchain Conference (NBC) brings together the largest web3 network in the Nordic countries with the global community, bring together industry experts, thought leaders, educators and professionals to explore opportunities and opportunities in the web3 space and beyond. The premier blockchain and web3 event in Scandinavia. Crafted around three core pillars to facilitate meaningful connections, share invaluable insights, and ensure inclusivity for all attendees: INDUSTRY FINANCING, LEGAL & ADVOCACY, BEST PRACTICES. Spanning two dynamic days, participants will immerse themselves in enlightening dialogues led by esteemed figures within the blockchain sphere. Furthermore, the event will feature the largest NFT Gallery in…

In the past 24 hours, the cryptocurrency market has experienced significant volatility, with Bitcoin plunging to $65k and dragging down altcoins with double-digit losses. Amidst this turbulence, Toncoin appears to be staging a robust recovery, surging as Bitcoin shows signs of a V-shaped rebound. Today, Toncoin has rebounded strongly on high trading volumes, climbing from $5.78 to its current price of $6.79 at the time of this writing. The Open Network, boasting a blockchain designed for mass adoption, stands out for its capability to handle up to 50k transactions per second (TPS). This scalability makes it one of the most…

The Dencun upgrade on Ethereum, which took place on March 13th, has significantly increased the adoption of Layer 2 solutions. This was evident from the surge in activity following the upgrade. Intotheblock’s recent analysis also confirmed this trend, noting a significant increase in the number of transactions on Ethereum’s Layer 2 solutions post-upgrade. The data shows a remarkable 196% rise in transactions settled on the leading Layer 2 platforms, with a total of 5.67 million transactions. Base has emerged as the primary contributor, handling approximately 57% of the transactions. Arbitrum and Optimism followed closely, processing 31% and 11% of the…

According to Foresight News, blockchain analyst ZachXBT has raised concerns about a potential scam involving the team behind ZebraDAO on Base and a new project called Leaper Finance on Blast. The platform has already launched with a total value locked (TVL) of $311,000. ZachXBT advises users who have deposited funds into this protocol to withdraw their assets immediately. In a previous report, ZachXBT identified a fraudulent team that had stolen tens of millions of dollars from websites such as Magnate, Kokomo, Lendora, and Solfire, and had deployed the new project Leaper Finance on Blast. Last week, this scam group funded…

Bitcoin has fallen sharply after Israel’s military said Iran had fired “dozens” of drones toward it in a retaliatory attack. The bitcoin price has dropped toward $60,000 per bitcoin, down from over $70,000 per bitcoin earlier this week, hitting Ethereum, BNB, XRP, Solana And Dogecoin after the Iranian Revolutionary Guard said it launched “dozens of drones and missiles” at Israeli territory. The bitcoin price crash dragged down the wider crypto market, hitting top ten coins ethereum, BNB, XRP, solana and dogecoin and wiping $500 billion from the combined crypto market. Earlier this week, Iran warned Israel would be “punished” for…