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Bank of Korea Urges Urgent CBDC Development to Counter Stablecoin Threat
December 16, 2023
The governor of the Bank of Korea, Chang-yong Rhee, warns about the growing threat of stablecoins to traditional central bank money and the effectiveness of monetary policies. He stated that …
Read moreUpcoming Bitcoin Halving Triggers Bullish Sentiment
December 16, 2023
Based on recent data trends, Bitcoin (BTC) seems to be experiencing a surge in bullish sentiment, with KuCoin having a significantly high funding rate at 22% APY. Such a high …
Read moreAdvanced Learning Concept: Smart Contract Fraud in Decentralized Finance (DeFi) Applications
December 16, 2023
Shakeeb Ahmed, a software engineer, recently made a legal history by pleading guilty to being behind the first conviction for smart contract fraud in relation to decentralized finance (DeFi) applications, …
Read moreEthereum Name Service Decentralizes and ERC-3643 for Compliant Asset Tokenization Adopted
December 16, 2023
The Ethereum Name Service (ENS) has achieved decentralized governance according to the project's creator. This is a significant move, as ENS, which is a naming system on the Ethereum blockchain …
Read moreTraffic Surge Causes 2-hour Outage in Ethereum's Arbitrum Network
December 15, 2023
Ethereum's layer 2 scaling solution, Arbitrum, experienced a substantial interruption on December 15, 2023 due to a massive increase in network traffic, leading to a partial outage lasting about two …
Read moreSEC Rejects Coinbase's Appeal for Tailored Crypto Regulations
December 15, 2023
In a significant decision, the U.S. Securities and Exchange Commission (SEC) has declined the petition put forward by renowned cryptocurrency exchange, Coinbase, for the instituting of new rules to govern …
Read moreOpenAI Launches Second Cohort, AI Startup Investment Rises as INJ Coins Skyrocket
December 15, 2023
Initiating its second round of startup funding, OpenAI, the organization behind ChatGPT, has announced the launching of Converge 2, a six-week initiative aimed at supporting artificial intelligence (AI) startups. As …
Read moreSolana's Memecoin BONK Soars in Market Cap, Boosting Phone Sales
December 15, 2023
The Solana-based memecoin BONK has witnessed a remarkable rise, adding over $1 billion to its market capitalization and recording a dramatic 100% surge. As a result of this spike, BONK …
Read moreSafeMoon Token Nosedives Following Chapter 7 Bankruptcy Filing
December 15, 2023
Decentralized finance protocol, SafeMoon's token (SFM) nosedived 31% within just five hours of the company filing for Chapter 7 bankruptcy. SafeMoon's bankruptcy documents were officially submitted on December 14 to …
Read moreSEC Chair Gensler Takes 'New Look' at Bitcoin ETFs after Grayscale Ruling
December 15, 2023
Chair of the U.S. Securities and Exchange Commission, Gary Gensler has commented on pending spot Bitcoin ETF applications during an interview on Dec. 14. Despite rejecting numerous applications in the …
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