Japanese blockchain Astar proposes $38M token burn

OpenAI was originally formed as a non-profit entity to ensure it was free to achieve its stated goal, it formed a for-profit company back in 2019. 95 Total views 1 Total shares Billionaire Elon Musk has queried whether it's legal for OpenAI — the firm behind ChatGPT — to become a for-profit business after he…

A recent ECB report says stablecoins are not practical as a mode of payment and their current form isn't fit for use in the real economy. 354 Total views 18 Total shares The European Central Bank (ECB) has released a report analyzing the growth of the cryptocurrency market over the past decade and the risks it poses…

What are gold-backed stablecoins, and how do they work? Gold-backed stablecoins are digital currencies pegged to physical gold reserves and designed to maintain a stable value. The concept of gold-backed digital currencies dates back to the early days of cryptocurrency, with developers aiming to create a reliable store of value.  Each gold-backed stablecoin represents a

Major cryptocurrency exchange Binance has announced that it is switching from Omni-based addresses to ERC-20-based addresses in customer wallets for the stablecoin tether (USDT), according to an official announcement on July 3.In order to make the switch, Binance says that there is a 30-minute downtime planned for USDT withdrawals and deposits on July 4, beginning…

India is now home to the world’s first physical crypto bank branch despite regulatory uncertainty surrounding digital currencies in the country. 2993 Total views 16 Total shares Unicas, a joint venture between Indian online crypto banking platform Cashaa and United Multistate Credit Co-op Society has launched a physical crypto bank branch in Jaipur, India.Back in…

The operator of a major validator node on Terra is displeased with how events unfolded leading to the cessation of the chain, and hopes a whole new blockchain will be created to replace it. 1094 Total views 5 Total shares As the dust settles from the Terra ecosystem crash, and the community decides what the…

Ransomware group Maze claims to have hacked United States egg producer Sparboe in a post on its website. 846 Total views 46 Total shares Ransomware group Maze claims to have hacked United States egg producer Sparboe in a post on its website.The website of cybercriminal organization Maze recently published a new entry claiming that the…

Bitcoin (BTC) friendly Czech crypto-anarchist movement Paralelní Polis has received a warning from the country’s central bank for issuing its own coins.Central bank fine “completely nonsensical”As representatives reported on Twitter on Nov. 3, the Czech National Bank (CNB) has objected to Paralelní Polis using the term “coin” to describe commemorative silver tokens it is currently…