Community protocol networks that coordinate hardware-based services with tokens promise an upgrade in efficiency and fairness, says Ivo Entchev, a partner at Youbi Capital.
Quick Take The Bitcoin halving on April 20 catalyzed a surge in miner fees, largely due to the highly anticipated introduction of Runes. Initially, Runes dominated transaction volumes, reaching over 750,000 transactions, approximately 73% of the total transactions on April 23. However, according to Dune Analytics data, subsequent days witnessed a gradual decline in transaction […]
The post Surge in Bitcoin fees short-lived as Runes transactions dip appeared first on CryptoSlate.
Mainland Chinese citizens will not be able to purchase Bitcoin and Ether ETFs in Hong Kong because mainland China banned crypto transactions years ago.
The upcoming launch of spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETF) in Hong Kong will not open up the market for investors in mainland China, according to Bloomberg data analyst Jack Wang.Following Hong Kong’s approval of spot BTC and ETH ETFs, the three Chinese asset managers including China Asset Management, Harvest Global Investments and Bosera set the spot crypto ETFs through their Hong Kong subsidiaries on April 30.Though the ETF issuers have close ties with mainland China, they will not be able to provide Bitcoin or Ether exposure to investors in that jurisdiction.Read more
Quantum computing is the next most significant disruptive technological leap and its rapid evolution and funding will soon make it a reality.
Quantum computing may seem like science fiction, but it may come sooner than expected. On Jan. 11, 2024, the World Economic Forum identified artificial intelligence (AI) and quantum computing as emerging threats in a report exploring how quantum computing could threaten the existing tech landscape.While computer scientists and developers agree that quantum computing will still take some years to develop, research in the field is very active. Read more
In a rapidly evolving blockchain landscape, Neon EVM emerges to bridge the gap between the Ethereum and Solana ecosystems. In this insightful interview, Davide Menegaldo, Neon EVM’s Chief Commercial Officer, sheds light on the platform’s innovative approach to improving user experience and driving mainstream adoption of decentralized applications (DApps). Neon EVM is an Ethereum Virtual […]
The post How Neon EVM blends Ethereum and Solana to boost blockchain app development: Interview appeared first on CryptoSlate.
From April 26, police can transfer seized illicit crypto to their controlled wallets, with victims able to reclaim funds from the accounts.
The United Kingdom’s National Crime Agency (NCA) and police have received expanded authority to “seize, freeze, and destroy” cryptocurrency used by criminals. As a result of these new rules, police in the country will no longer be required to make an arrest before seizing crypto holdings.According to a press release from the U.K. Home Office, the police can also seize items like passwords or memory sticks that could aid investigations. U.K. law enforcement will also be able to eliminate a crypto asset if returning it to circulation is deemed detrimental to the public good. Part of the new laws, which will come into effect from April 26, state that the police can also transfer seized illicit cryptocurrency to wallets under their control and crime victims can apply to reclaim funds from their crypto accounts. Read more
The latest price moves in bitcoin (BTC) and crypto markets in context for April 26, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
The Bitcoin network surpassed 926,000 daily transactions, driven by a growing interest in Runes.
Bitcoin transactions reached a new all-time high of 926,842 transactions, just three days after the Bitcoin halving.Bitcoin (BTC) amassed over 926,000 daily transactions on April 23, surpassing the previous high of over 731,000 transactions reached in December 2023, according to Glassnode data.The record daily transaction count occurred three days after the Bitcoin halving on April 20, which coincided with the launch of Bitcoin Runes, a new protocol for issuing fungible tokens on the Bitcoin network.Read more
Bitcoin core developer Luke Dashjr has criticized the Runes protocol, suggesting it exploits a fundamental design flaw within the blockchain network. In an April 26 post on X (formerly Twitter), Dashjr delineated the disparity between Ordinal Inscriptions and the Runes protocol in how they interact with the network. He clarified that while Ordinals capitalize on […]
The post Bitcoin core developer says Runes ‘exploit design flaws’ appeared first on CryptoSlate.
Imaginary Ones co-founder Clement Chia believes that simply adding blockchain to the metaverse doesn’t solve its “purpose” problems.
While the hype surrounding the metaverse seems to have dwindled, some continue to believe in its use cases and potential for the future. Cointelegraph reached out to Web3 professionals who argued that there are undeniable use cases for the metaverse in various industries like gaming, real estate and tourism. Clement Chia, the co-founder of the Web3 entertainment group Imaginary Ones, said major brands could integrate real-world products on new technologies like the metaverse. Read more
Nvidia-backed AI startup Synthesia unveils “Expressive Avatars,” enabling AI to convey human emotions and movements for corporate presentations and training.
Synthesia, an artificial intelligence (AI) startup supported by Nvidia, has introduced a new upgrade enabling AI avatars to convey human emotions and movements.On April 25, the company revealed its “Expressive Avatars,” which aim to express emotion based on text instruction for corporate presentations, marketing and training purposes. While generative AI has often been praised for its ability to create realistic moving images, such is the case with OpenAI’s Sora video generator. Read more
The arrest of the founders of Samourai Wallet led to widespread concerns in the crypto community that the U.S. government was attempting to crack down on the industry
Crypto mixing services are not a crime, wrote Ki Young Ju, the founder and CEO of CryptoQuant, in response to the recent arrest of the Samourai Wallet founders.The United States Department of Justice (DOJ) has arrested pioneers in Bitcoin privacy, according to Ki, who wrote in an April 25 X post:On April 24, Cointelegraph reported that cryptocurrency wallet Samourai Wallet CEO Keonne Rodriguez and chief technology officer William Hill will each face one count of conspiracy to commit money laundering and one count of conspiracy to operate an unlicensed money transmitting business.Read more
Community protocol networks that coordinate hardware-based services with tokens promise an upgrade in efficiency and fairness, says Ivo Entchev, a partner at Youbi Capital.
Quick Take The Bitcoin halving on April 20 catalyzed a surge in miner fees, largely due to the highly anticipated introduction of Runes. Initially, Runes dominated transaction volumes, reaching over 750,000 transactions, approximately 73% of the total transactions on April 23. However, according to Dune Analytics data, subsequent days witnessed a gradual decline in transaction […] The post Surge in Bitcoin fees short-lived as Runes transactions dip appeared first on CryptoSlate.
Mainland Chinese citizens will not be able to purchase Bitcoin and Ether ETFs in Hong Kong because mainland China banned crypto transactions years ago. The upcoming launch of spot Bitcoin (BTC) and Ether (ETH) exchange-traded funds (ETF) in Hong Kong will not open up the market for investors in mainland China, according to Bloomberg data analyst Jack Wang.Following Hong Kong’s approval of spot BTC and ETH ETFs, the three Chinese asset managers including China Asset Management, Harvest Global Investments and Bosera set the spot crypto ETFs through their Hong Kong subsidiaries on April 30.Though the ETF issuers have close ties with mainland China, they will not be able to provide Bitcoin or Ether exposure to investors in that jurisdiction.Read more