Bankrupt crypto exchange FTX said it postponed the potential sale process of its Japanese subsidiary to explore its reopening. The bankrupt firm’s management noted that while many investors had signified interest in acquiring FTX Japan, it halted the sales plan to maximize its value to continue operating efficiently and profitably.…
One size does not fit all when it comes to Anti-Money Laundering (AML), the Hong Kong Monetary Authority (HKMA) reminded banks on April 27. Banks should not make it unnecessarily hard to open accounts. There has been a wave of companies opening bank accounts in Hong Kong to take advantage…
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge. Learn more › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Oops…you must lock a minimum of 20,000 ACS If you don’t…
Bitcoin (BTC) stuck to $29,000 at the April 27 Wall Street open as United States GDP growth missed expectations. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView U.S. GDP figures reveal surprise slowdown Data from Cointelegraph Markets Pro and TradingView showed BTC/USD once again stagnant after flash volatility the day prior.…
Bitcoin as legal tender in Mexico could become a reality if Senator Indira Kempis and Jan3 CEO Samson Mow get their way. On April 26, Senator Kempis tweeted a picture of herself with Mow, accompanied by the text: “Probably nothing… #Bitcoin legal tender” Jan3 is a nod to January 3,…
Artificial Intelligence (AI) is a rapidly growing field with numerous applications, including computer vision, natural language processing (NLP) and speech recognition. To develop these AI applications, developers use various tools and frameworks that provide a comprehensive platform for building and deploying machine learning models. This article will discuss the seven popular…
Quick Take Between the months of November 2022 and January, Bitcoin fell below $20k. According to the Difficulty regression model (The all-in cost to mine 1 Bitcoin), it was an unprofitable time for miners. Miners were distributing coins in excess of the mined supply, with Values > 100%, and depleting treasury…
Wallets have always been a key topic in the cryptocurrency industry because of their essential role in adoption. As the crypto world evolves and enters the multichain phase, wallets may need to operate differently. In Episode 16 of Hashing It Out, Phantom Wallet CEO Brandon Millman joins Elisha Owusu Akyaw…
The crypto community scorned a Financial Times (FT) article for its lack of balance. Crime is a feature Jemima Kelly’s piece “Using crypto for crime is not a bug — it’s an industry feature” argued that speculation and criminality are the main uses for cryptocurrency. The author argues that since…
In March, the Utah State Legislature passed the Utah DAO Act, granting legal recognition and limited liability protections to decentralized autonomous organizations (DAO) in the state. DAOs by default are not recognized as legal entities, and giving these organizations legal status in Utah could help clear up regulatory concerns. David…