AI memecoins will become utility tokens

This article has been updated to reflect the breaking news events.Major global banking payments network SWIFT has revealed it plans to launch a Proof-of-Concept (PoC) of a gateway — dubbed GPI Link — that will allow enterprise blockchain software firm R3 to link to GPI (Global Payments Innovation) payments from their platform.Speaking at the Paris Fintech…

Institutions have not left the Bitcoin (BTC) market even in the face of a 50%-plus bearish correction earlier this year, shows data provided by Glassnode.The blockchain analytics platform reported on Monday that the dominance of Bitcoin transactions exceeding $1 million has surged twofold since September 2020 — from 30% to 70% of the total value…

Volumes for Bakkt’s futures delivered in BTC are trumping fiat settlements as markets rise to fill a days-old CME gap. 1958 Total views 31 Total shares Bitcoin (BTC) futures platform Bakkt now sees most of its contracts settled in BTC, not cash, the latest data reveals.According to analytics resource Skew, the latest date for which…

The scammers will use wallet addresses generated from vanity address generators and match the first and last characters of their victim’s wallet address. 63 Total views 2 Total shares Own this piece of history Collect this article as an NFTA new crypto wallet address scam that tries to take advantage of user carelessness has been…

The reporting requirements, aimed at reducing the size of the tax gap, were scheduled to take effect in January 2023, with crypto firms sending reports to the IRS starting in 2024. 200 Total views 17 Total shares The provision in the U.S. infrastructure bill signed into law in November, which will require financial institutions and…

BTC price is back in a free fall as the price drops to $41,600, but analysts are still holding out for “one more upward impulse” move. 1786 Total views 6 Total shares The wider cryptocurrency market continued to see choppy, sideways price action on Jan. 17 with Bitcoin (BTC) experiencing a midday dip to $41,650.…

A New York resident has filed a lawsuit against crypto exchange Bittrex for allegedly withholding funds, industry news outlet The Block reports on June 30.Per the report, the plaintiff claims to have deposited $120,000 onto her Bittrex account in August 2018 and that the company suspended it and refused to release the funds until November…

The Zambia SEC’s CEO, Philip Chitalu, has warned the public that cryptocurrency OnyxCoin creator Kwakoo is not licensed to give investment advice or solicit funds, from within and outside the country alike.The Lusaka Times relayed the SEC head’s warnings in a report on Aug. 2. According to the report, Kwakoo has been promoting Onyxcoin and…

As nonfungible tokens (NFTs) attract more users, they also capture the eyes of scammers. Bad actors in Web3 have set their sights on digital collectibles, with millions being lost through scams and various attacks. However, according to professionals working in the Web3 space, there are multiple ways and tools to prevent being a victim of NFT…