Latest news from the Web3 ecosystem
A fictional AI scenario depicting widespread job loss is gaining traction amid real-world tech layoffs and a decline in white-collar job openings, prompting discussions around user-owned AI.
Ankara has introduced a bill to levy a 10% income tax on profits generated from cryptocurrency transactions on regulated platforms. The tax would be collected quarterly, with potential adjustments by the president.
A critical misconfiguration in Foom Cash's Groth16 verifier led to an exploit draining $2.26 million. However, a white hat hacker successfully recovered $1.84 million of the stolen funds.
As oil prices surge due to geopolitical tensions, attention turns to Bitcoin's potential market response. Historical trends indicate a potentially positive correlation, challenging traditional assumptions.
MicroStrategy has significantly expanded its Bitcoin holdings, purchasing over $200 million worth of the cryptocurrency last week. This strategic acquisition brings their total Bitcoin reserve to an impressive 720,737 coins.
Morgan Creek's Pomp-backed firm adds 450 Bitcoin to its holdings, becoming a top 20 public holder, while increasing its share repurchase program.
A photographic misstep by South Korea's National Tax Service has resulted in a staggering $4.8 million cryptocurrency loss due to the accidental exposure of a private seed phrase within a seizure photo.
As geopolitical conflicts escalate, analysts suggest Bitcoin could benefit from a classic 'debasement' trade, drawing parallels to historical asset performance during periods of monetary policy uncertainty.
Sony Bank and JPYC are collaborating to test direct, real-time purchases of the Japanese yen stablecoin (JPYC) from customer bank accounts, streamlining crypto access.
Digital asset investment products experienced a significant turnaround last week, attracting $1 billion in net inflows and reversing a prolonged period of outflows.
The Hong Kong Monetary Authority and its Shanghai counterparts are launching Project Ensemble to explore a blockchain platform for cross-border cargo trade data, streamlining e-bills of lading and financing processes.
Bitcoin demonstrated resilience, climbing to $66,500 as global markets reacted to escalating geopolitical events. The digital asset outperformed traditional equities during a risk-off trading period.