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Join Our Telegram channel to stay up to date on breaking news coverage What : The SEC has accused crypto trading platform, Beaxy, and its founder of operating the exchange without a license leading to its shutdown. Why : The platform was charged by the SEC for failing to register as a securities exchange. What Next : The accused parties resolved to settle without accepting the wrongdoings. Crypto exchange Beaxy.com has officially shut down after the U.S. Securities and Exchange Commission(SEC) pressed charges against the company along with its founder for failing to register the exchange and running an unlicensed broker, and clearing agency. The SEC released a press statement stating that Artak Hamazaspyan, the founder of Beaxy, and the exchange unlawfully raised $8 million in an unregistered offering of the Beaxy token (BXY). The statement also stated that the SEC accused Hamazaspyan of misappropriating at least $900,000 for personal use, including gambling.  List of...

Lookonchain (@lookonchain) tweeted today that the largest crypto exchange by trading volume, Binance, recently listed Radiant Capital (RDNT) – causing the price of the altcoin to soar 20.5% in a short period of time. According to the tweet, a SmartMoney trader made $29.3K in 5 minutes by merely buying and selling RDNT. SmartMoney RDNT purchase (Source: Lookonchain) Furthermore, Lookonchain’s latest thread shared that the trader bought 431,470 RDNT with 150K Tether USD (USDT) at 11:21 (UTC + 8) today, which is a minute within Binance announcing the listing of the token. The trader then sold his holdings for 179.3K USDT after the altcoin’s price soared. At press time, the price of RDNT stands at $0.4336 following a 24-hour gain of more than 25% according to CoinMarketCap. The altcoin also strengthened against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), by 23.20% and 26.47% respectively. The daily trading volume for RDNT is estimated to be $64,...

The catastrophic fall of the Swiss bank, Credit Suisse , is one of several banks that have collapsed in the past few weeks. It all began with the collapse of Silvergate Bank, Silicon Valley Bank, and Signature Bank. Its repercussions sent ripples across the financial sector, with banks falling one by one. According to the latest report from CNBC, the troubled Credit Suisse Bank has reportedly assisted wealthy American clients to evade taxes from the IRS. Source: Mint Credit Suisse whistleblowers say the bank is still doing the same Credit Suisse pleaded guilty to providing assistance in helping individuals to avoid taxes and conceal the assets of US clients in 2014. Now, history seems to have repeated itself, as two former bankers are now working with the US government as whistleblowers. They stated in an interview with CNBC that the bank still went on to help US clients evade tax. Also read: Binance Concealed Substantial Ties to China for Multiple Years, Says ...

The anonymous Twitter character with pseudo identity PlanB has expressed concern over the proposed new rule by the social platform’s CEO Elon Musk. PlanB, who tweeted in response to Musk’s new proposal, questioned the justification of the CEO’s stated reason for initiating the new condition. That means my anonymous account with 1.8 million followers is done. If this is about bot swarms and not about control/doxxing, why is there no anon payment option, like bitcoin? All personal info on twitter will eventually get hacked. It is a matter of time. Big security risk! — PlanB (@100trillionUSD) March 28, 2023 In an earlier tweet, Musk told the Twitter audience that starting from April 15, 2023, only verified accounts on the platform will be eligible to be in “For You” recommendations. According to Musk, the reason for the new setting is to address the issue of advanced AI bots that may take over operations on the network. Musk described the current situation with the ...

Join Our Telegram channel to stay up to date on breaking news coverage The new meme coin project that seeks to build a decentralized community Love Hate Inu just hit the $2million milestone in its token presale. LHINU is obviously a superior meme coin to purchase in 2023 since it is exciting and has a real utility that will generate income for the investors. The full Love Hate Inu token presale update is available in the video above. Subscribe to his YouTube channel for more potential cryptocurrency presale evaluations. Presale Investors Could Earn Up to 70% Love Hate Inu is anticipated to end at a price of $0.000145 after launching with a token price of $0.000085 initially. So, even before the cryptocurrency is made available for trade on exchanges, early LHINU investors will benefit from investment gains of 70%. Early investors can experience even greater benefits after it becomes public. Some analysts predict it will generate 10x returns, once this coin is available for ...

Crypto industry leader Samson Mow recently took to Twitter to share his thoughts on how traditional activism methods will not work for Bitcoin. According to Mow, Bitcoin‘s decentralized nature means that it cannot be lobbied or influenced in the same way as centralized systems. Mow explains that the Proof of Work system means that any meaningful change in Bitcoin requires real work and that activists must invest time and money into making a difference. Mow suggests that learning to code, understanding the code, and proposing changes on mailing lists are viable ways to create change in Bitcoin.  Traditional activism doesn’t work on #Bitcoin. Proof of Work means if you want to affect Bitcoin in any meaningful way, you have to do some real work. Not advertising, not holding up signs on the street, and not commissioning artwork. — Samson Mow (@Excellion) March 26, 2023 Furthermore, Mow recommended investing in research and development of efficient ASICs, invest...

Polygon (MATIC) will finally launch its much-awaited zero-knowledge Ethereum Virtual Machine (zkEVM) today. The launch aims to increase scalability while ensuring compatibility with the Ethereum Virtual Machine (EVM). Many consider zero-knowledge (ZK) technology to be a significant advancement for blockchains and cryptography. It aims to lower transaction costs while speeding them up at the same time. ZkEVMs are a subset of zero-knowledge (ZK) rollups, a scaling technique that expedites layer -2 transactions. ZK rollups use “proofs” that only share a small portion of the transaction’s details to demonstrate that the transaction was not false. zkEVM aims to be a significant upgrade over Polygon ( MATIC ). Meanwhile, Polygon itself aims to be a significant improvement over Ethereum as a whole. The approval time for transactions using the zkEVM protocol is less than two minutes for a batch of 10M gas. The details were shared by Web3.0 instructor Bickersteth Emmanuel. Key ...

Join Our Telegram channel to stay up to date on breaking news coverage It’s been a rough last two years for Coinbase. After opening up to a price of $381 on the initial IPO in April 2021 near the peak of the crypto market bull market, the stock has corrected as much as 90%. The Bitcoin winter, coupled with a host of negative news, along with an initially over-inflated price, have contributed to this decline. More recently, the Securities and Exchange Commission (SEC), the main regulatory financial body in the U.S., has brought Coinbase back in the news. This past Wednesday, the SEC warned the company of impeding action due to its staking products business, which allegedly represent unregistered securities. The exchange, as well its wallet, Coinbase Wallet, are being referenced. Most likely in connection with this, Coinbase announced it would discontinue the Algorand (ALGO) staking rewards program for its users. Discussions with the SEC Upon given the notice, the company e...

Discover seven advanced humanoid robots, their capabilities and applications in various fields. Humanoid robots are advanced robots that are designed to look and move like humans. They are often equipped with sensors and cameras that allow them to recognize human faces and emotions, respond to voice commands and carry out conversations. Humanoid robots can be programmed to perform a wide range of tasks, such as assisting humans in daily activities, working in manufacturing plants, providing healthcare services, and performing search and rescue operations in hazardous environments. Compared to conventional robots, humanoid robots provide a number of benefits. One of their main advantages is that they can communicate with people in a more intuitive and natural way. They are, therefore, ideal for fields like education, healthcare and customer service, where human interaction is crucial. Related: 10 emerging technologies in computer science that will shape the future Humanoid robots have ...

At Paris Blockchain Week 2023, a group of Web3 professionals discussed how this new paradigm is disrupting traditional business models and creating opportunities for startups and investors. A group of professionals in Web3 took to the Master stage at Paris Blockchain Week 2023 to discuss how Web3 is changing the game for startups and investors. This new paradigm disrupts traditional business models and provides opportunities for startups and investors to tap into a new market.  In the panel “Crypto, Culture, and Capital: How Web3 is Changing the Game for Startups and Investors,” the group discussed how Web3 startups are different from Web2 startups and how the different cultures existent in them shape and affect their various ecosystems. While recognizing the awesome milestones achieved by Web3 entrepreneurs, Laurenz Apiarius, founder and managing partner of Blockwall Digital and Blockwall Capital noted that there are good and bad effects it has had on the industry. Related: How can a...

As the internet advances, so too does the model for hiring the talent building it. Web3 represents a paradigm shift in how the world transacts, works and collaborates. In a decentralized , trustless network, individuals own their data and contribute to an equitable digital economy. Although promising in concept, perhaps the most exciting part about this space is the fact that the majority of it is yet to be defined. Therefore, the individuals building the Web3 environment truly hold the power to shape the future. Unfortunately, while Web3 startups are opening the door to new jobs and talented individuals have the skills to bring these roadmaps to fruition, the hiring and selection process is riddled with challenges. For companies, the talent pool of hires with the right experience and desired skill sets exists only across several close-knit communities. Therefore, recruiters who don’t have access to these communities often have difficulty filling the gaps. What’s more, almost a quarte...

XRP is the native token of the XRP Ledger (XRPL). XRPL has offered fast and efficient cross-border payments for over a decade. Although the project has found itself in the crosshairs with the SEC, the token is still immensely popular among crypto enthusiasts and users. Bitcoin’s (BTC) Proof-of-Work (PoW) consensus model, according to the creators of the XRP Ledger, suffers from energy inefficiencies. Nonetheless, the team believes that PoW can help with early distribution and with the double-spend issue. The XRPL was created by the core developers as an energy-efficient alternative against PoW’s hegemony. One of the biggest downsides to XRP is the lack of arbitrary smart contracts. This is to maximize the security and stability of the network. However, all that might change very soon. How does XRP Ledger plan to expand? Hooks, a smart contract feature integrated into XRPL transactions, is in development by XRPL Labs to provide additional basic functionality on the base l...

The Bitcoin price prediction shows that BTC rebounds from the early dip at $27,527 as the buying interest may increase approach to $29,000. Bitcoin Price Prediction Statistics Data: Bitcoin price now – $28,287 Bitcoin market cap – $540.6 billion Bitcoin circulating supply – 19.3 million Bitcoin total supply – 19.3 million Bitcoin Coinmarketcap ranking – #1 BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $34,000, $36,000, $38,000 Support Levels: $24,000, $22,000, $20,000 BTC/USD is trading above the 9-day and 21-day moving averages as the market establishes a slight rise above $28,000 but currently rebounding to retest previous resistance at $28,400. The bulls may continue to find some resistance levels near the upper boundary of the channel on the road to recovery and the path of least resistance appears to the upside in the near term amid a favorable bullish technical setup. Bitcoin Price Prediction: BTC Price Co...

Long-time Bitcoin antagonist Peter Schiff recently stated his prediction of a global shift away from fiat, but not toward cryptocurrencies. Specifically, Schiff has once again affirmed that digital assets would not maintain their place in the current financial sector. Schiff spoke with Mike Adams in a recent interview in which he stated his belief that gold will find prominence once again. Moreover, stating his belief that fiat is certainly not the currency exchange for the future, but it also isn’t Bitcoin. Peter Schiff Talks Fiat Failure In a recent interview, Peter Schiff shared his prediction that there will be a global shift away from fiat, but not toward crypto. Conversely, the long-term gold bug has assured that Bitcoin, and digital assets of the like, will not be adopted on a global level. “Eventually, I think the world will move away from fiat currencies, and I think a lot of people will start transacting in gold again,” Schiff stated. Adding, “I know there...

According to statistics, there are now more than 500,000 Ordinal inscriptions on the Bitcoin blockchain as the trend continues to gain significant traction. Onchain data also shows that since inscriptions started gaining popularity last month, Bitcoin miners have obtained 98 bitcoins worth $2.66 million in added fees. The Rise of Ordinal Inscriptions on Bitcoin Blockchain Ordinal inscriptions have surpassed the 500,000 mark, and at the time of writing, there are approximately 522,243 inscriptions on the Bitcoin blockchain. Essentially, the technology behind Ordinal inscriptions allows people to embed all types of arbitrary data into the blockchain. Inscriptions include data such as text, images, audio, video, and applications. The number of Ordinal inscriptions surpassed the 500,000 range on March 17, 2023, according to data hosted on Dune Analytics. Statistics show that 31.1% of inscriptions are in PNG format, or a total of 162,615 PNG-based inscriptions. Approximately 14% of Ordin...