Author: bitcrypto.io
Andre Cronje, the visionary behind the Fantom blockchain, recently shared insightful reflections on Solana’s operational hurdles amidst the blockchain’s peak popularity. Taking to his Twitter handle, known as “X,” Cronje addressed the burgeoning discourse surrounding Solana’s ongoing challenges, which had captivated the attention of the crypto community across various forums. Contrary to prevailing narratives, Cronje’s official statement suggested that Solana’s current issues stem more from its rapid expansion and remarkable success rather than inherent flaws in its architecture or consensus mechanisms. Initially envisioned as Ethereum’s primary alternative for smart contract functionality with superior scalability and simplicity, Solana’s journey has been…
In his latest blog post, a Microsoft executive delves into India’s significant role in advancing global AI development. Microsoft is actively committed to democratizing AI, ensuring its accessibility and equitable distribution. During CEO Satya Nadella’s visit to India in February, he underscored India’s pivotal position in the thriving global developer ecosystem and the advancements in AI. This sentiment is echoed by Ahmed Mazhari, President of Microsoft Asia, who shares an optimistic outlook on India’s AI landscape. In his recent blog, Mazhari expresses excitement about the remarkable shifts occurring in India’s AI domain. Mazhari views AI as a catalyst for transformative…
Ripple’s Chief Legal Officer (CLO), Stuart Alderoty, has emphasized that combating crypto fraud doesn’t necessarily need to become politicized by authorities. In light of the recent sentencing of Irina Dilkinska, former Head of Legal and Compliance at OneCoin, to four years in prison for her involvement in a crypto pyramid scheme that defrauded investors of over $4 billion, Alderoty addressed what he perceives as shortcomings in handling crypto-related cases by authorities. Alderoty appears to be referring to public perceptions of the United States Securities and Exchange Commission (SEC) engaging in political maneuvering within the crypto industry. This sentiment arose following…
In March, Binance witnessed a surge in spot trading volumes, reaching a yearly peak, propelled by the soaring prices of Bitcoin and Ethereum. According to a recent report from CCData, Binance’s spot trading volume skyrocketed to its highest level since May 2021, marking seven consecutive months of growth. The report, dated April 5, revealed that Binance’s spot trading volume surged by an impressive 121%, amounting to $1.12 trillion in March alone. Furthermore, the report indicated that Binance’s combined market share also saw a notable increase, rising by 1.04% to reach 44.1% during the same period. CCData analysts highlighted Binance’s remarkable…
When Do Kwon’s crypto empire fell to pieces, tens of billions of dollars were wiped out. A civil jury in the US has found he lied to investors. Federal jury in New York has determined that Do Kwon, a prominent figure in the South Korean crypto community, along with his company Terraform Labs, are responsible for defrauding investors who collectively invested billions of dollars into cryptoassets, which later plummeted in value almost to zero. The case, initiated by the Securities and Exchange Commission (SEC) in February 2023, alleged that Kwon and Terraform engaged in a fraudulent scheme, resulting in a…
America’ largest crypto exchange, Coinbase, has been granted the status of a “restricted dealer” in Canada, marking it the largest operator in the country. The exchange said the Canadian market has become a priority target for its international growth strategy. This strategic move, known as the “Go Deep” approach, capitalizes on existing customer relationships to drive further engagement. This milestone enables Coinbase to operate under the regulatory framework established by the Canadian Securities Administrators following the introduction of new cryptocurrency regulations last year. With this designation, Coinbase becomes the largest registered cryptocurrency exchange in Canada, as confirmed by the Ontario…
South Korean retail customers will soon have access comprehensive crypto services Seoul, April 2, 2024 – Crypto.com, trusted by more than 80 million customers worldwide and the industry leader in regulatory compliance, security and privacy, announced today that it is launching the Crypto.com App in South Korea, which will allow Korean retail users in the market to trade select cryptocurrencies. For this initial offering from Crypto.com, retail customers will be able to open an account for cryptocurrency trading on the Crypto.com App and enjoy access to 150+ cryptocurrencies on a platform supported by best-in-class security features and licensing. Users will also…
DMarket, a collection that represents non-fungible tokens (NFTs) and in-game items in the Mythos network, has emerged as the top-performing collection in the market over the past 24 hours to 12:30 p.m. ET, with sales reaching US$1.17 million, marking a 26.07% increase. The collection saw a substantial rise in activity, with transactions soaring by 26.79% to 47,872, according to CryptoSlam. DMarket now has US$389.5 million in all-time sales, making it the 17th-largest collection in the industry. It is now less than US$10 million from Cool Cats, an Ethereum-based NFT collection sitting on the 16th spot. The day’s second-ranked collection, Ethereum’s…
Thailand’s largest cryptocurrency exchange Bitkub plans to list in the Stock Exchange of Thailand (SET) as early as 2025, its CEO Jirayut Srupsrisopa said in an interview with Bloomberg. Bitkub’s owner is hiring financial advisers to facilitate its planned initial public offering (IPO) listing. Srupsrisopa said this strategic step would help attract new capital while elevating Bitkub’s market presence. Despite a reduction in workforce by 6% over 2022 and 2023, Bitkub is on a hiring spree, with plans to increase its employee count to 1,000 by 2025, effectively doubling its current staff of 2,000. The decision to pursue an IPO…
What is the Internet of Things? Since the early days of the Digital Revolution in the 1950s, a wide range of groundbreaking technology has been created. Despite being initially restricted to just a few individuals, the industry developed very quickly, and most of the novel technologies became increasingly widespread and accessible. The convergence of the various types of innovative devices (such as RFID chips, sensors, and the Internet) and their increased accessibility eventually gave birth to the concept of the Internet of Things (IoT). IoT technology marks a significant shift in the Computer Age that now allows for more than…
