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Bitcoin miner Canaan’s net loss slightly improved in Q1 amid market turbulence
Chinese Bitcoin mining company Canaan reported slight improvements in some of its financial metrics in the first quarter of 2023. The progress, however, is still far behind where it was last year in this period.According to an unaudited…
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Multichain Token Crashes Over 20% Amid Reports of Users’ Funds Being Stuck
Users of the cross-chain router protocol Multichain have been reportedly experiencing delays in receiving their funds following an upgrade.
There have also been rumors about the arrest of the Multichain team, which is…
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South Korea officials must now disclose Bitcoin holdings
Korean officials are now required to disclose any crypto holdings above $760.
The bill outlining the new law was…
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Banking Crisis Persists, NYC Limits Deposits for These 2 Banks
The New York City Banking Commission has decided to limit deposits for two banks as the U.S. banking crisis deepens. Can Bitcoin ‘fix this?’
On May 25, the New York City Comptroller, the City Mayor, and the Department of Finance voted…
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Bitcoin Ordinals Inscription Exceeds 5M After Doubling in a Week: Data
Ordinal inscriptions are on fire. Users are continuously flooding the Bitcoin network with images, video games, and other content.
There are now more than 5 million inscriptions. Over the past seven days, the total…
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Binance CEO Says This Recent Event Might Signal a Bull Market
Binance CEO Changpeng Zhao (CZ) published a tweet on Wednesday noting that China Central Television (CCTV) recently put out a broadcast related to digital assets.
The executive claimed that similar coverage has served…
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Web3 threatened by Web2.5 and regulations, exec warns
As Web3 remains in its early stages, its ideals and original vision of creating an interoperable financial landscape are under attack, according to Jamie Burke, the founder and CEO of Web3 accelerator Outlier Ventures.In an interview…
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Uniswap Surpasses $1.5T Trading Volume: Data
The crypto market significantly improved this year, but volatility persisted. Despite this, Uniswap managed to maintain its dominance over the decentralized market.
In fact, it remains one of the largest decentralized…
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Pakistan aims to produce 1 million AI-trained IT graduates by 2027
Just days after announcing that cryptocurrencies will “never be legalized” in the country, Pakistan’s Ministry of IT & Telecom drafted a policy to spur the growth of artificial intelligence. With the national AI policy, Pakistan aims…
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Hong Kong’s Regulatory Shift Triggers Bitcoin Price Pump
BTC saw a modest bump following the news that Hong Kong will be relaxing crypto trading. However, so far, the OG cryptocurrency looks set for a less-than-exciting May. From a regulatory standpoint, Hong Kong is still a tough…
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