Digital identity project Worldcoin claimed it verified an Argentinian every nine seconds during an undisclosed day this month, according to an Aug. 31 blog post. The project reported that 9,500 Argentinians successfully verified their World ID on its platform, signaling its significant popularity in the South American nation. Furthermore, due…
Bank messaging network Swift has recently shared a report highlighting how Swift can connect with blockchains and solve the issue of interoperability between different blockchain networks. In a report titled “Connecting blockchains: Overcoming fragmentation in tokenised assets,” Swift concluded that a more incremental approach that interlinks existing systems to blockchains…
The Cambridge Bitcoin Electricity Consumption Index (CBECI), which tracks global Bitcoin energy consumption, has undergone its first major update since 2019, influenced by evidence pointing to frequent overestimating Bitcoin’s electricity usage. A new report is said to shed light on the evolution of Bitcoin mining and to clarify the rationale…
Cryptocurrency exchanges in Australia have been increasingly communicating with their users as part of preventative measures against scams. According to local crypto firms, such communication is the key to preventing scams as it is able to “break trust” between victims and scammers. Executives at major Australian crypto firms such as…
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Lufthansa, one of the largest airline groups in Europe, has launched its nonfungible token (NFT) loyalty program on the Polygon Network. The program will allow passengers to turn their trips into NFTs that can unlock rewards like miles and business lounge vouchers. On Aug. 31, Lufthansa announced the Uptrip mobile…
Quick Take The latest EU inflation data highlights a persistent trend of inflationary pressure. Year over year inflation rates are stubbornly high, reported at 5.3%, exceeding the consensus by 0.2%. Moreover, with a positive month over month figure and a year over year core inflation still at 5.3%, the situation…
Bitcoin (BTC) is retaining this week’s gains, with some traders doubling down on their bullish BTC price bets. BTC/USD 1-hour chart with 200-day EMA. Source: TradingView Trader: Bitcoin price may have bottomed A key moving average is buoying low-timeframe BTC price action, which continues to preserve $27,000, data from Cointelegraph…
Four China-based tech companies launched their own artificial intelligence (AI) chatbots on Aug. 30 for public use after receiving approval from the Chinese government. Baidu, Baichuan Intelligent Technology, SenseTime and Zhipu AI all launched their chatbots less than two weeks after the government’s official AI legislation was enacted on Aug. 15,…
Quick Take Recent data reveals a remarkable trend as Bitcoin withdrawals from exchanges are outpacing deposits at a rate unseen since the FTX collapse in November. This rapid divergence between deposits and withdrawals is accelerating, with the current ratio standing at 58,000 Bitcoin being withdrawn for every 45,000 Bitcoin deposited.…