On May 27, Beijing released an “Internet 3.0 Innovation and Development” white paper outlining advancements and support for Internet 3.0 (web3) and the metaverse, according to reports from Chinese media, ThePaper. However, as Binance CEO Changpeng Zhao (CZ) highlighted on Twitter, the white paper’s publication is just days from the…

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Quick Take Both the S&P 500 and Nasdaq Composite are up so far in 2023; the S&P is up over 9%, while the Nasdaq Composite is up 25% year to date. However, the uptick in the indices comes from just the stocks of Alphabet, Amazon, Apple, Meta, Microsoft, Tesla, and…

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Gemini and Genesis have asked a judge to dismiss an SEC lawsuit concerning its Earn product, according to developments on May 26. Genesis says Earn wasn’t a security Jack Baughman, a lawyer for Gemini, wrote: “The SEC claims that the contract setting up the Earn program was itself a security.…

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Andreessen Horowitz (a16z) announced a new private, on-chain voting tool for Ethereum developers called “Cicada.” In a blog post, a16z developer Michael Zhu acknowledged existing on-chain voting features but noted that many of those systems are fully public and transparent. Running tally privacy By offering private voting, Cicada addresses issues…

UK Prime Minister Rishi Sunak aims to update his government’s guidelines around regulating artificial intelligence (AI) and its development, The Guardian reported May 26. Earlier suggestions are out of date The Guardian said that Sunak’s government published a white paper in March, but the suggestions in that paper are now…

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…

Circle, the digital fintech firm most famous as the issuer of the USDC stablecoin and, more recently, Euro Coin, has unveiled the launch of Euro Coin on the Avalanche blockchain.  Circle anticipates the launch to be the first of many multi-chain launches for its reportedly fully-backed euro-denominated stablecoin. Like USDC,…