Bitcoin
Bitcoin (BTC) is a fintech predator that operates in its own decentralized network, offering direct transactions between accounts without the need for middlemen like banks. Like a shark, Bitcoin is decentralized, public, open, and maintained by thousands of machines around the world. Its value is determined by the public's consensus and market demand. The Bitcoin network is constantly auditable and immutable, with every transaction recorded in a shared public ledger called the blockchain. Bitcoin offers pseudo-anonymity, with users having wallets that generate long strings of numbers and letters as their identity in the network. People use Bitcoin for various reasons, including as a store of value and for its potential and technological innovation. Learning about and investing in Bitcoin is like swimming with the sharks in the exciting world of crypto, blockchain, decentralized technology, and Web3.
Bybit cryptocurrency exchange withdraws from Canada due to ‘recent regulatory changes’
Dubai-based cryptocurrency exchange Bybit has revealed its decision to halt operations in Canada due to recent regulatory developments. The exchange...
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AI Experts Issue Document Comparing the Risk of ‘Extinction from AI’ to Pandemics and Nuclear War
An open statement published by the Center for AI Safety (CAIS) has garnered signatures from numerous AI experts, including the...
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US CFTC Releases Letter Addressing Compliance in Three Areas of Digital Asset Derivatives and Clearing
The United States Commodity Futures Trading Commission (CFTC) has issued a staff advisory letter to registered derivatives clearing organizations (DCOs)...
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Researchers Introduce Innovative Scheme for Court Testing of Deanonymized Blockchain Data
A team of researchers from Friedrich-Alexander-Universität Erlangen-Nürnberg has recently published a paper outlining a set of argumentative schemes aimed at...
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Nansen Implements Workforce Reduction, Letting Go of 30% of Employees
Blockchain analytics platform Nansen has recently announced a significant downsizing, resulting in a 30% reduction in its workforce. CEO Alex...
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Yield Farming App Achieves $12M Total Value Locked (TVL) Within 2 Weeks of Launch
A yield farming app called Origin Ether has seen significant success since its launch, accumulating more than $12 million in...
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Japan Initiates Digital Yen Pilot Project Following Second Promising Proof-of-Concept
The Bank of Japan (BOJ) has commenced its pilot project for the digital yen after completing successful proof-of-concept (PoC) experiments....
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Plans for a national cryptocurrency exchange in Russia abandoned
Russia has shifted its focus towards regulating multiple crypto trading platforms, abandoning its plans for a regulated national cryptocurrency exchange,...
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Crypto firms compete for Hong Kong licenses as June 1 retail opening approaches
Hong Kong's retail trading market is on the brink of opening up, and cryptocurrency exchanges are eager to establish a...
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Crypto bills remain unresolved as the Texas legislative session nears its end
The legislative session in Texas is coming to an end on May 29, leaving several bills related to the digital...
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