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Binance.US Succumbs to SEC’s Plan and Pauses USD Withdrawals in Favor of Stablecoins and Digital Assets
By Steve Muchoki
• 3 mins read
Binance.US updated its terms of use to inform its customers that the direct withdrawal of USD is unavailable but they can convert to the supported stablecoins or other digital assets to facilitate seamless transfers.
Fantom Foundation Wallets Drained about $657k in Ether and FTM
By Steve Muchoki
• 3 mins read
he reported Fantom Foundation attack caused the native token to drop about 3.4 percent to trade around $0.177 on Wednesday.
Meta’s Stealth Approach to AI Points to Higher Revenue in Fiscal Year 2024
By Steve Muchoki
• 3 mins read
Meta intends to commercialize the Llama 2, its large language model (LLM), as it focuses on the metaverse as the bigger picture amid mainstream adoption of generative AI technologies.
Bitcoin Price Briefly Spikes towards $30K Following False Alarm on Spot ETF Approval Leading to High Liquidations
By Steve Muchoki
• 3 mins read
While experts forecast the US SEC will approve a spot Bitcoin ETF within the next six months, the BlackRock’s officials confirmed that it has not received a green light on its application.
Binance Completes 25th Quarterly BNB Burn Worth over $453M, Price Gains 3%
By Steve Muchoki
• 3 mins read
Binance burned about 2.13 million BNB coins during the last three months thus bringing the total coins removed from circulation to about 50.2 million units.
CoinList Introduces Crypto Staking for Accredited Investors in US
By Steve Muchoki
• 3 mins read
The CoinList staking fund offers US accredited investors an opportunity to earn a yield on their digital assets through investment in a private fund.
BitVM to Introduce Rollup Smart Contracts on Bitcoin Network Similar to Ethereum Ecosystem
By Steve Muchoki
• 3 mins read
The BitVM project was designed by Robin Linus with lots of borrowing from Ethereum’s layer two (L2) optimistic rollups that have enabled faster execution of the transactions off-chain.
Former Alameda Research CEO Caroline Ellison Says Sam Bankman-Fried Conspired to Keep Bitcoin Price Below $20K Using Customers’ Funds
By Steve Muchoki
• 3 mins read
Ellison told the New York court that SBF ordered her to lie about the state of financial statements for Alameda Research to secure more loans against customers’ deposits at FTX.
Galaxy Digital Leads $4M Strategic Funding for Parsec Finance to Revolutionize DeFi Transparency
By Steve Muchoki
• 3 mins read
With crucial funding secured, Parsec Finance also launched its cutting-edge institutional-focused product that aims to help provide unparalleled data to easily discover DeFi opportunities.
AMD Acquires Nod.ai for Undisclosed Amount to Accelerate Its Optimized AI Solutions
By Steve Muchoki
• 3 mins read
Following the Nod.ai acquisition, AMD shares gained nearly 2 percent to add to the impressive YTD performance of more than 68 percent.