The government of Paraguay is taking a strong stance against illegal Bitcoin mining activities in the country. With the proposed bill that seeks to jail illegal miners for up to 10 years, Paraguay aims to protect its state-owned National Electricity Administration (ANDE) from the threat posed by energy theft. Bitcoin mining has experienced significant growth
Blockchain
Reddit’s stock surged by 13.5% following the announcement of a data-sharing agreement with OpenAI, the creator of the AI chatbot ChatGPT. This partnership allows OpenAI to access Reddit’s data API in order to provide real-time content from platform posts. The goal of this collaboration is to enhance the Reddit experience with AI-powered features and create
The global cryptocurrency market capitalization has seen a slight dip of 0.6% over the past 24 hours, currently standing at $2.49 trillion. While many of the top 100 coins per market cap experienced price drops during this period, there were a few notable exceptions. Stacks (STX) recorded a significant decrease of 9% to $1.97, while
The Shiba Inu ecosystem recently made a significant milestone by transitioning its decentralized exchange, ShibaSwap, to the Shibarium blockchain. This move has brought about a plethora of new features and enhancements, one of which includes improved SHIB burns. This transition has elevated ShibaSwap from a simple exchange platform to a multifaceted, multi-chain decentralized exchange operating
The world of cryptocurrency and blockchain technology has undoubtedly revolutionized the way we think about finance and investment. However, with the rise of this new digital frontier, there has also been an increase in fraudulent activities and scams. In a recent high-profile case in South Korea, two police officers are currently standing trial for alleged
Recently, Huobi HK made headlines when it withdrew its application for a cryptocurrency trading license from Hong Kong’s Securities and Futures Commission (SFC) for the second time. This decision came just two months after a re-submission, raising questions about the company’s future in the region. Hong Kong has been actively working towards establishing itself as
The world of fine art is rapidly evolving thanks to advancements in technology, particularly the rise of Non-Fungible Tokens (NFTs). Audrey Ou, the CEO and co-founder of TRLab, is at the forefront of this digital art revolution. With a background in both art and technology, Ou recognized the potential of blockchain technology in revolutionizing the
Recently, Bitfarms made the decision to oust its CEO, Geoffrey Morphy, after he filed a $27 million lawsuit against the company. According to a press release from the Bitcoin miner, Morphy filed a multi-million dollar claim in the Superior Court of Ontario alleging damages caused by Bitfarms related to breach of contract, wrongful dismissal, and
President Joe Biden’s strict stance on cryptocurrency has raised concerns about the potential impact on his re-election bid. Uniswap founder Hayden Adams and Shark Tank billionaire Mark Cuban have both criticized Biden’s anti-crypto position, warning that it could reduce his chances of winning in the November polls. Adams emphasized the seriousness of the situation, urging
Franklin Templeton CEO Jenny Johnson recently expressed her enthusiasm for blockchain technology, highlighting its potential in revolutionizing the asset management industry. Johnson believes that ETFs and mutual funds will eventually migrate to the blockchain, citing the cost-effectiveness and efficiency of the technology. Tokenized ETFs and the Benefits of Blockchain Research analyst Kent Thune elaborates on