Author: Dren.H

Quantum Blockchain Technologies (QBT) is revolutionizing Bitcoin mining with AI-powered algorithms, enhancing efficiency, affordability, and eco-friendliness. Bitcoin mining is a complex process, but U.K.-based Quantum Blockchain Technologies (QBT) is making it easier and more efficient. With new AI-powered algorithms, the company is turning the mining world upside down. Let’s dive into what this means and how it’s transforming the way people mine Bitcoin. A Fresh Take on Bitcoin Mining In the world of Bitcoin mining, finding the right hashes can feel like searching for a needle in a haystack. But QBT has created two unique methods to make this search…

SBF, former CEO of FTX, is accused by the DOJ of misusing $100 million for political contributions to influence crypto regulations. Sam Bankman-Fried, commonly referred to as SBF, has been accused by the Department of Justice (DOJ) of misusing more than $100 million. According to the allegations, SBF used this money to donate to political campaigns in the United States. Why did he do it? The DOJ says it was to influence the regulation of cryptocurrencies. SBF’s Alleged Political Game SBF’s crypto exchange FTX was a well-known name in the digital currency world. His customers trusted him with their money,…

Binance Connect, a key service of Binance exchange, is shutting down on August 16 due to changing market and user needs. On August 16, Binance Connect, a well-known service of the Binance Exchange, will shut down. This move is a response to the shifting needs of the crypto market and its users. Binance Connect has played an important role in connecting traditional finance with the digital currency world. Binance’s Journey and Changes in Strategy Binance has grown and changed a lot in the past six years. It started as an exchange and turned into a global network dealing with many…

Zynga is launching Sugartown, an Ethereum-based NFT game, marking a significant step into blockchain gaming for the company. Zynga, the renowned game publisher behind mega-hits like FarmVille and Words With Friends, is stepping into the blockchain arena with its newest game, Sugartown. Utilizing Ethereum NFTs, this game is part of Zynga’s ambitious venture into the world of decentralized Web3 gaming. Sugartown will be a web-browser-based game releasing at an unspecified date later this year. The game’s storyline centers around three farm animals who have opened a wormhole from another dimension. This allows creatures known as Oras to transform Sugartown into…

China convicted a man for a $13,067 Tether transaction, reflecting the China’s stringent crackdown on all crypto activities. China continues to show its firm stance against cryptocurrency activities. A recent case highlights the Chinese authorities’ unwavering approach, convicting an individual for engaging in a seemingly small but illegal cryptocurrency transaction. The Incident: A $13,067 Tether Transaction Mr. Chen, a Chinese citizen, found himself in legal trouble for assisting an acquaintance in buying Tether (USDT), a type of cryptocurrency. Moreover, the total value of the purchase reached $13,067, and this transaction led to a conviction by the Fuzhou Mawei People’s Procuratorate.…

Coca-Cola has launched a “Masterpiece” NFT collection on Base, blending classic and modern art as part of the “Onchain Summer” initiative. Coca-Cola has introduced its “Masterpiece” NFT collection, bringing together classic and modern art. The famous beverage company chose Base, an Ethereum Layer 2 network by Coinbase, to showcase these digital collectibles. This exciting move is part of a more extensive initiative called “Onchain Summer.” Classic and Modern Art Unite The NFT collection blends well-known works like “The Scream” by Edvard Munch and “Girl with a Pearl Earring” by Johannes Vermeer with modern creations by Aket and Vikram Kushwah. Each…

Machi Big Brother withdrew a defamation lawsuit against ZachXBT after he edited an allegedly defamatory article. Jeffrey Huang, a famous Taiwanese music celebrity known as Machi Big Brother, has withdrawn a lawsuit against ZachXBT, an online investigator. The lawsuit’s end comes after ZachXBT made changes to an article Huang found offensive. Earlier in June 2022, ZachXBT wrote an article accusing Huang of taking money wrongly in connection with his past work in the world of cryptocurrency. The court never proved these accusations. Huang denied them and had the part about taking money wrongly removed from the article. The Story Behind…

Binance Labs invested $5 million in Curve after a hacker stole and partially returned $73.5 million from the platform. The cryptocurrency world witnessed a shocking incident when Curve, a prominent decentralized trading platform, lost $73.5 million due to a programming flaw on July 30. In an unexpected twist, the hacker responsible returned a majority of the stolen funds, leaving 27% yet to be recovered. Coming to Curve’s aid, Binance Labs, the investment branch of top crypto exchange Binance, made a $5 million investment in Curve’s own digital currency, CRV. Curve is known for being the largest stableswap and second-largest decentralized…

Digital Currency Group is seeking to dismiss a fraud lawsuit by Gemini Trust, stemming from the bankruptcy of Genesis Global Capital. On Thursday, the Digital Currency Group (DCG) asked a U.S. judge in Manhattan to throw out a lawsuit. The case was brought by Gemini Trust, a company led by billionaire twins Tyler and Cameron Winklevoss. The lawsuit claims that DCG tricked Gemini’s customers into lending money to its bankrupt unit, Genesis Global Capital. Barry Silbert, the founder of DCG, along with his company, referred to the lawsuit as a move to shift blame. They believe Gemini is trying to…

Maxine Waters voices concerns over PayPal’s stablecoin launch, emphasizing the need for federal regulation and bipartisan cooperation. Democratic Representative Maxine Waters from California has voiced significant concerns over PayPal’s recent entry into the stablecoin market. Her worry is rooted in the fact that PayPal launched its PYUSD stablecoin without waiting for federal regulatory approval. The stablecoin, issued on the Ethereum blockchain by Paxos, aims to compete with established players like Tether (USDT) and Circle (USDC) in the $125 billion market. Waters stressed the importance of federal oversight, especially considering PayPal’s influence in the payments industry. She emphasized that stablecoins should…