Bhutan, known for its focus on “Gross National Happiness,” has been quietly accumulating and mining Bitcoin with the help of its abundant hydroelectric power. The country is negotiating with Bitdeer to expand its mining operations further. (Read More)
Nigeria Plans to Regulate Digital Asset Platforms
Nigeria’s SEC is considering new regulations for digital asset platforms, allowing licensed digital exchanges to list tokens backed by certain assets. Cryptocurrencies like Bitcoin and Ether will not be among those assets. Nigeria aims to register fintech firms as digital sub-brokers, crowdfunding intermediaries, fund managers, and tokenized coins issuers. Crypto exchanges will not be registered […]
Japan Concerned About AI Chatbots
A new survey in Japan reveals that 69.4% of the population wants stricter regulation in the development of AI chatbots. This comes as Japanese officials consider integrating AI into their systems. (Read More)
JPMorgan to Acquire First Republic Bank Assets
JPMorgan Chase is set to acquire First Republic Bank’s assets after the troubled bank was closed by regulators. JPMorgan will assume all assets, including uninsured deposits, and enter into a loss-sharing agreement with the FDIC. (Read More)
Block’s 5nm Bitcoin Mining Chip Prototype
Block has completed the prototype design for its 5nm Bitcoin mining chip, with plans to decentralize the supply of mining rigs through open-source technology. The company has purchased a large batch of ASIC chips from Intel to fast-track development of its proprietary 3nm chip. (Read More)
Crypto Hacks and Scams on the Rise
Over $103 million was lost to crypto exploits, scams, and hacks in April, with the total loss for the year reaching $429.7 million. Major hacks included Bitrue exchange and South Korean GDAC exchange, and flash loan attacks took around $20 million. Exit scams saw a loss of $9.4 million. (Read More)
Coinme Fined $4 Million by SEC
Crypto exchange Coinme has been fined $4 million by the US Securities and Exchange Commission (SEC) for offering unregistered securities and making “misleading statements” regarding its token, UpToken. (Read More)
Coinbase executive discovers ChatGPT jailbreak
Coinbase executive Conor Grogan claims to have found a “jailbreak” for AI tool ChatGPT, allowing it to calculate the probability of strange crypto price scenarios. ChatGPT gave a 15% chance that Bitcoin will fall to irrelevancy by 2035, and a 20% chance of the same for Ether. (Read More)
Collateral Network: A rising crypto star set to eclipse Monero & Toncoin
Web3 peer-to-peer lender Collateral Network (COLT) is emerging as a rising star in the cryptocurrency market, with the potential to outshine established players like Monero (XMR) and Toncoin (TON). We look at why crypto enthusiasts eagerly anticipate this innovative challenger lender’s launch and why market experts predict the growth of 3500% in the coming months. […]
More crypto exchanges list PEPE following trading frenzy
The price of the memecoin has surged by over 2,000% in the past two weeks. On May 1, cryptocurrency exchange OKX announced that it would be listing memecoin Pepe (PEPE) at 17:00 Hong Kong Time (HKT) and open Pepe withdrawals on May 2 at 17:00 HKT. In supporting the listing decision, OKX staff wrote: “Pepe […]