News

Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.

Samsung’s Profits Likely to Tank to 14-Year-Low as Chip Sales Slow Down

Artificial Intelligence, News By Bhushan Akolkar July 6th, 2023

Amid a major slowdown in the semiconductor market, Samsung’s operating profits for the April-June quarter could be the lowest since 2008. Samsung is focusing on expanding its presence in the field of artificial intelligence (AI).

Binance CEO Expects Heavy Trading Volumes in Next 6-18 Months, Prepares Exchange

Altcoin News, Blockchain News, Cryptocurrency News, News

By Bhushan Akolkar July 6th, 2023

Binance chief Changpeng Zhao said that he continues to remain bullish on crypto for the long term, and as per historical trends, the next bull run should happen in 2025.

Bank of England Partners with Nuggets to Boost CBDC Privacy and Security

Blockchain News, Cryptocurrency News, News

By Babafemi Adebajo July 6th, 2023

Nuggets is also working with the European Commission’s Joint Research Centre to develop a privacy-preserving solution for cross-border payments.

Altcoin News, Blockchain News, Cryptocurrency News, News

Coinbase Exec Finds and Returns $322K Worth of Lost Crypto to User Unaware of Its Existence

By Tolu Ajiboye July 6th, 2023

According to the Coinbase exec, the owner likely got the lost crypto from a 2018 ETC airdrop when the Ethereum blockchain forked.

News

Three US States Give Twitter Money Transmitter Licenses, More to Come?

By Ibukun Ogundare July 6th, 2023

Although there are no specific details on what to expect from Twitter following the money transmitter licenses, insiders believe that Twitter Payments will start offering fiat currency services.

News

Meta’s Threads App Goes Live on Apple App and Google Play Stores

By Godfrey Benjamin July 6th, 2023

The app is primarily geared towards text-based conversations, and users will have the ability to publish Threads posts with up to 500 characters.

Cryptocurrency News, News

IMF Seeks Ways to Tax Crypto Assets

By Ibukun Ogundare July 6th, 2023

To tax crypto, the IMF explained that the distributed ledger technology could be helpful.

News

General Motors Announces 19% Increase in Vehicle Deliveries YoY in Q2 2023

By Steve Muchoki July 6th, 2023

General Motors is expected to release detailed Q2 earnings results on July 25.

Artificial Intelligence, News

AI-centric Web3Go Raises $4M in Seed Funding Round Led by Binance Labs

By Steve Muchoki July 6th, 2023

Web3Go has also received funding from various programs, including the BNB Chain MVB V, AWS Activate, Google Cloud Startup, and Web3 Foundation Grant program.

Artificial Intelligence, News

Authors File Copyright Lawsuit against OpenAI for Using Their Books to Train ChatGPT without Consent

By Tolu Ajiboye July 6th, 2023

The authors’ copyright lawsuit states that ChatGPT contains accurate summaries of their works, which is possible only through direct OpenAI training.

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