The Chinese government has intensified its initiatives to facilitate the advancement of artificial intelligence (AI), hence significantly enhancing the progress of this technology. Baidu, Baichuan Intelligent Technology, and Zhipu AI have obtained the necessary authorizations to commence the provision of artificial intelligence (AI) services. The AI chatbot Ernie Bot developed by Baidu has been released … Read more
The Bank of Korea (BoK) is progressing in the development and testing of its central bank digital currency (CBDC). Three regions outside Seoul, namely Jeju, Busan, and Incheon, have been selected for a “private target CBDC test bed.” The BoK plans to experiment with public payments and distribution in one of these regions and establish … Read more
Mintlayer, a Bitcoin sidechain, has announced the commencement of a $4 million open-source development grants project and the beginning of the application process. The establishment of the awards program is the “first big ecosystem initiative in Mintlayer’s long-term development.” It is intended solely for projects that will directly benefit the Mintlayer ecosystem, followed by the … Read more
Trust Wallet, a decentralized crypto wallet service and infrastructure company, has entered into a new relationship with MoonPay and Ramp Network in an effort to bring further utility to its consumers. This was accomplished by signing a new partnership agreement. According to a report published by CoinDesk (1), the collaborations with the two payment firms … Read more
BTG Pactual, the investment bank Major in Latin America, just recently announced that it would launch its own stablecoin called BTG Dol. The bank has issued an official statement (1) indicating that the stablecoin will operate on the Polygon network and is currently available to customers. The blockchain network that the bank has decided to … Read more
The Non-Fungible Tokens (NFTs) business has grown to become a crypto sector valued at $2.1 billion, and OpenSea has played an important role in the expansion of its use around the world. OpenSea was established in 2017 and has already facilitated more than $20 billion in NFT volumes from over 2 million collections. In addition, … Read more
Paxful could be the latest company to be impacted negatively as a result of the truth that the worldwide peer-to-peer (P2P) market is rapidly losing popularity. Paxful CEO Ray Youssef announced in a blog post that the company will immediately begin shutting down its activities, and there is no guarantee that they will ever resume … Read more
The most recent Elon Musk & Dogecoin (DOGE) Twitter excitement has directed attention to a mysterious wallet that was formerly responsible for the custody of $24 billion in DOGE. (1) On April 3, the boisterous CEO of Tesla replaced Twitter’s logo with the Dogecoin logo, immediately triggering a bullish jump in cryptocurrency prices. The price … Read more
An intriguing new development is that the Celo Foundation has partnered with Google Cloud services. The purpose of this partnership is to encourage initiatives inside the Celo blockchain ecosystem and advance the mass adoption of Google Cloud services. As a result of this partnership, startup owners who choose to build their products on Celo will … Read more
After forming a partnership with Sygnum Bank, the Swiss financial services company PostFinance will now be able to provide its 2.5 million customers with access to cryptocurrency holdings. (1) In the beginning, customers will be able to buy, keep, and sell coins like Bitcoin and Ether. In the future, additional tokens will be introduced. The … Read more