NFT wash trading report surfaces amid declining trading volume

by webwriter | May 29, 2023 | Ethereum News

NFT markets have displayed an intriguing set of metrics in 2023 as wash trading and token farming practices emerge amidst declining overall trading volumes.According to a recent DappRadar report, Bored Ape Yacht Club (BAYC) saw a staggering 1,095% growth in 7-day...

Circle launches Euro Coin on Avalanche

by webwriter | May 29, 2023 | Ethereum News

Circle, the digital fintech firm most famous as the issuer of the USDC stablecoin and, more recently, Euro Coin, has unveiled the launch of Euro Coin on the Avalanche blockchain.  Circle anticipates the launch to be the first of many multi-chain launches for its...

UK Prime Minister Rishi Sunak considering new rules to regulate AI amid concerns of ‘existential threats’

by webwriter | May 28, 2023 | Ethereum News

UK Prime Minister Rishi Sunak aims to update his government’s guidelines around regulating artificial intelligence (AI) and its development, The Guardian reported May 26. Earlier suggestions are out of date The Guardian said that Sunak’s government...

Ethereum gets private on-chain voting tool through a16z’s ‘Cicada’

by webwriter | May 28, 2023 | Ethereum News

Andreessen Horowitz (a16z) announced a new private, on-chain voting tool for Ethereum developers called “Cicada.” In a blog post, a16z developer Michael Zhu acknowledged existing on-chain voting features but noted that many of those systems are fully...

Binance CEO highlights timing of Beijing’s web3 white paper amid China, Hong Kong crypto regulatory changes

by webwriter | May 27, 2023 | Ethereum News

On May 27, Beijing released an “Internet 3.0 Innovation and Development” white paper outlining advancements and support for Internet 3.0 (web3) and the metaverse, according to reports from Chinese media, ThePaper.However, as Binance CEO Changpeng Zhao (CZ) highlighted...

Gemini and Genesis seek to dismiss SEC lawsuit over defunct Earn product

by webwriter | May 27, 2023 | Ethereum News

Gemini and Genesis have asked a judge to dismiss an SEC lawsuit concerning its Earn product, according to developments on May 26. Genesis says Earn wasn’t a security Jack Baughman, a lawyer for Gemini, wrote: “The SEC claims that the contract setting up...