In a recent development, Bored Apes NFTs worth $1.2 million were dumped in a single transaction, causing distress among the ape owners. The news has sent shockwaves through the NFT community, leaving many perplexed and concerned about the future of these digital assets.…
NEAR Foundation has partnered with Alibaba Cloud to expand its reach into Alibaba Cloud’s developer ecosystem in Asia and the Middle East. By simplifying the process of launching new NEAR validators through Alibaba Cloud’s infrastructure, the partnership aims to attract more developers to…
The price of Ripple (XRP) has remained stagnant between $0.47 and $0.49 for the past week. Despite the decrease in media attention, on-chain data shows that the economic activity on the XRP network has increased significantly. This has led to speculation that XRP…
According to a report released on Monday, the now defunct FTX.com crypto exchange owes customers approximately $8.7 billion. The report accuses the previous management of the company of mixing and misusing customer deposits. CEO and Chief Restructuring Officer John J. Ray III stated…
Google is introducing an artificial intelligence (AI) based anti-money laundering system in collaboration with HSBC. The system aims to enhance the detection of money laundering for global financial institutions by utilizing the data of the financial institution itself. It replaces the rules-based approach…
LBank Labs, the venture capital fund of LBank, has partnered with 15 blockchain clubs from renowned universities worldwide to host a Web3-focused summer bootcamp. Participating students will receive a $10,000 bootstrap fund and access to Labs’ network. The Global Universities Summer Bootcamp, led…
The price of Ethereum, the second largest cryptocurrency, has been trading within a set range, unable to surpass $1920 but remaining above $1867. While many believe the trend will continue to consolidate, there is also a possibility of a bullish reversal. The top…
The Financial Action Task Force (FATF) has urged countries to adopt the “Travel Rule” to combat money laundering and terrorism financing in cryptocurrencies. The United Nations body highlighted that many member states have not implemented the rule. A survey conducted by FATF revealed…
Metatime, the blockchain project aiming to create a complete Web 3.0 ecosystem, has announced that its native token, Metatime Coin (MTC), will be available for sale on the cryptocurrency exchange Bybit. The company also revealed that its smart contract infrastructure code has been…
