U.S. Senators Kirsten Gillibrand and Cynthia Lummis introduced a bill to regulate stablecoins. Based on the announcement in a press statement, the legislation was collaboratively created by the Federal Reserve and New York State Department of Financial Services. The companies issuing stablecoins are required to hold an equal amount of cash or its equivalent as … Read more
In 2021, Nikolai Avteniev, a software developer, was immediately intrigued by the capabilities of Microsoft Corp.’s Copilot coding assistant when he first saw a sneak peek of it. Microsoft’s assistant on GitHub, which utilizes OpenAI’s AI for generating code, sometimes had imperfections but impressed StubHub’s Avteniev by effectively finishing codes with little user intervention. Hitting … Read more
In simpler terms, Kraken introduced its cryptocurrency wallet as a new player in the growing market for digital asset storage, aiming to rival companies such as Coinbase and Consensys. On April 17, the second largest cryptocurrency exchange in America unveiled its self-managed digital wallet. This new solution provides a different option compared to other wallets … Read more
The price of Bitcoin has dropped significantly today, falling below $60,000 during early U.S. trading. This represents a significant change from the brief peak of $64,000 it reached earlier in the day. Currently, Bitcoin is valued at around $60,200, reflecting a 3% decrease over the past 24 hours – its lowest point since early March. … Read more
This summer, Worldcoin – a identification system that uses iris scanning for verification – intends to debut its own blockchain named World Chain, which will be built on Optimism’s OP Stack technology. The introduction of World Chain aims to resolve traffic problems on its existing network, since around 43% of all transactions taking place on … Read more