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11.04 / 05:05

business exchanges Bitcoin OPNX quips on its early dismal volume after reporting 90,000% surge

Open Exchange (OPNX) has claimed to have experienced a massive surge in trading volume and has joked about its dismally low volume on its opening day.

10.04 / 20:47

business Blockchain wallet Fiat Money Decentralized Finance MetaMask MetaMask launches new fiat purchase function for cryptocurrency

Cryptocurrency wallet and decentralized application (Dapp) provider MetaMask has announced the launch of a new feature that will allow users to purchase crypto with fiat currency directly from its Portfolio Dapp. The move is intended to provide users with an easier way to purchase crypto with fiat currency.

10.04 / 17:55

business Research Fortune debuts ‘Crypto 40,’ Ethereum takes top honors for protocol category

In what it’s calling an industry first, Fortune released the ‘Fortune Crypto 40’ on April 10. This analysis-based list highlights five cryptocurrency companies in each of eight categories and relies on a combination of analysis and executive polling to determine the winners.

10.04 / 16:25

business Blockchain Adoption Hackers Cybersecurity security Bitcoin South Korean crypto exchange GDAC hacked for nearly $14M

South Korean crypto exchange GDAC has been hacked for approximately $13.9 million worth of crypto. The exchange has halted all deposits and withdrawals and is performing emergency server maintenance in response to the attack, according to an April 10 announcement from GDAC CEO Han Seunghwan.

10.04 / 15:31

business Blockchain Huobi Returns Crypto exchange Huobi returns to profitability in Q1 after restructuring

According to an Apr. 10 post by Justin Sun, the de facto owner of cryptocurrency exchange Huobi Global, the firm recognized $150 million in revenue during Q1 2023 compared to $120 million in expenditures, resulting in a net income of $30 million. Sun says that "a large number of measures were taken to reduce costs and increase efficiency" during the quarter. For Q2 2023, he projects the exchange will bring $187 million in revenue and $76 million in expenses, with a net income of $110 million.

10.04 / 12:15

business Microsoft Google ChatGPT Google ChatGPT rival AI faces in-house resistance: Report

Artificial intelligence (AI) has become a major talking point with the rise to prominence of AI chatbot ChatGPT from OpenAI and generative AI image makers like Midjourney and DALL-E 2. However, not everyone sees eye to eye with this emerging technology.

10.04 / 12:15

business Blockchain Supply Chain Hong Kong takes the lead in blockchain logistics after Maersk TradeLens demise

After Danish logistics firm Maersk terminated its blockchain-based supply chain platform last year, industry builders have not given up on blockchain applications in global trade.

10.04 / 06:43

business Asia exchanges Derivatives Bitget launches $100M Web3 fund for crypto projects in Asia

Crypto derivatives exchange Bitget launched a new fund focused on supporting the next generation of Web3 projects. According to a statement seen by Cointelegraph, $100 million will be invested in the fund as an initial investment.

10.04 / 04:11

business Blockchain Adoption exchanges Bitcoin Financial ‘Right time’ for Hong Kong’s Web3 push despite market flux — Financial Secretary

Now is the "right time" for Hong Kong to push forward with Web3 despite the crypto market fluctuations, according to the Financial Secretary of Hong Kong, Paul Chan.

10.04 / 02:37

business Blockchain Lightning Network lightning Bitcoin bitcoin lightning Coinbase CEO says Bitcoin Lightning is 'something we’ll integrate'

Bitcoin (BTC) layer 2 scaling solution Lightning may feature on the cryptocurrency exchange Coinbase in some capacity, according to its chief Brian Armstrong.

08.04 / 18:55

business Mining Sphere 3D files lawsuit against Gryphon Digital Mining after BTC transfer

Crypto miner Sphere 3D has filed a lawsuit against its partner Gryphon Digital Mining after an allegedly spoofing attack led to the irregular transfer of Bitcoin (BTC), according to court documents on April 7.

08.04 / 16:43

business Binance Silvergate Binance.US unable to find bank partners in the United States: Report

The United States arm of global crypto exchange Binance has been facing challenges in establishing a new bank partner to serve as a fiat on-ramp and off-ramps for its clients in the country, according to a Wall Street Journal report on April 8.

07.04 / 22:11

Dogecoin business Square Crypto Biz: Twitter’s DOGE bet, Canada’s new crypto conglomerate, UK banking news

Twitter CEO Elon Musk has made another marketing move to bridge the social media platform with the crypto community by switching its logo icon to the Shiba Inu dog — Dogecoin’s (DOGE) digital symbol. The move, however, seems to be more than just an engagement strategy. It comes just two days after Musk asked a judge to dismiss a $258 billion lawsuit alleging the operation of a pyramid scheme to promote Dogecoin.

07.04 / 20:49

business Law Decentralized Exchange transparency services Decentralized exchange dYdX announces 'winding down' of services for Canadian users

Cryptocurrency derivatives exchange dYdX has announced it will be restricting Canadian user accounts over the next seven days in a move to exit the market.

07.04 / 19:59

business Blockchain Uniswap Asia Conflux proposes deploying Uniswap v3, setting up $2M liquidity pool for CFX pairs

Conflux, a regulatory-compliant public blockchain based in China, seeks to deploy the Uniswap v3 on its network, according to a proposal on Uniswap's governance forum on April 7. The move comes days after the Uniswap v3 code license expired, enabling developers to fork the protocol and deploy their own decentralized exchange (DEX).

07.04 / 18:17

business Adoption Report Research recovery Bitcoin leads crypto market recovery as regulators turn up heat: Report

March has been a turbulent month for the crypto industry. Bitcoin (BTC) recorded its highest weekly close in 10 months and raised hopes among many that the bear market is over. One of the key drivers of this expectation was a series of banking collapses in the United States. This made investors hope for falling interest rates later this year, despite Federal Reserve Chair Jerome Powell’s insistence that lower rates were not part of the base scenario for 2023.

07.04 / 17:09

business Court Voting Bankruptcy Celsius Restructuring Plan network Celsius Network to make April 12 filing, including info on voting for restructuring plan

Bankrupt crypto lender Celsius Network has announced it will be moving forward on its Chapter 11 restructuring plan with a disclosure statement containing information for claim holders.

07.04 / 15:19

business Twitter Twitter seems to have blocked all interaction with tweets containing Substack links

Twitter users on both mobile and web found themselves unable to interact with tweets containing links to Substack pages on April 7.

07.04 / 14:05

business Web3 Metaverse Meta Meta Ceo Meta coughing up big money to developers building their metaverse

Tech giant Meta - the parent company of Facebook, Instagram and WhatsApp messaging service - has been eyeing expansion into the metaverse for some time now. However, it has had a rough start, with billions in losses.

07.04 / 10:03

business Mt. Gox Bitcoin Mt. Gox repayment registrations close: Here’s what’s next

The saga of the Mt. Gox cryptocurrency exchange and the repayment of its creditors continues, as the company released a new statement as to what to expect now that its registration window has closed.

07.04 / 09:17

business NFT Web3 Charity Decentralization gala David Bowie unreleased record debuts as music NFT

A previously unreleased version of David Bowie’s "Let's Dance" surfaced as a limited edition collection of nonfungible tokens (NFTs).

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