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Crypto News & Tech Updates

💰 Largest Decline of Bitcoin Inflows and Supply in History

"Since March 2020, Bitcoin reserves on exchanges dropped over 30%."

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Crypto News & Tech Updates

🇺🇸 Bittrex challenges SEC’s authority in crypto lawsuit, seeks dismissal

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Crypto News & Tech Updates

BREAKING: ChatGPT creator OpenAI sued $3bn for stealing private data to train its AI.

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Crypto News & Tech Updates

YouTube is currently testing video player blocking after a user watches 3 videos with an ad blocker. 🚫

The pop-up that appears to the user offers him two options between turning off the ad blocker or trying YouTube Premium.💲

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Crypto News & Tech Updates

Cryptocurrency exchange KuCoin is working to strengthen its Know Your Customer (KYC) system by introducing new mandatory identity checks.

✉️ KuCoin officially announced the upcoming KYC system upgrade in a move to increase compliance with global Anti-Money Laundering regulations.

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Crypto News & Tech Updates

📊Less than 1% of the world's population uses bitcoin today

But even with this level of global adoption, bitcoin is an asset worth about $0.6 trillion

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Crypto News & Tech Updates

German central bank risks bailout after money printing spree

Bundesbank’s €650bn losses throw ECB’s public sector purchase programme in doubt

Germany’s central bank may need a bailout to cover losses on the debt it hoovered up as part of the European Central Bank’s (ECB) massive bond-buying programme, the country’s federal auditor has warned.

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💰 Bitcoin is up 75% since Jim Cramer told investors to ‘get out’ in January

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Crypto News & Tech Updates

🇯🇵 The largest bank in Japan , Mitsubishi UFJ Financial Group, will soon start issuing stablecoins through its own blockchain platform Progmat — at the moment, the bank is negotiating with issuers of popular stablecoins.

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🇫🇷🥇 Crédit Agricole, the world's largest cooperative financial institution based in France, has been licensed to offer crypto custody services in France.

👉🏻
Interesting fact: Two years ago, the managing director of Credit Agricole said that by 2025 bitcoin will be worth less than a dollar 😂

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Crypto News & Tech Updates

WhatsApp has introduced a new feature to automatically silence calls from unknown numbers.

This comes after multiple customers in India, the chat app’s biggest market with more than 500 million users, have complained about an increase in spam calls in the last few months.

On Tuesday, Mark Zuckerberg announced the call silencing feature along with a new privacy checkup option.

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Crypto News & Tech Updates

Netflix is expanding beyond streaming and mobile gaming and into a completely new category–the food service industry. The company announced that it’s opening a pop-up restaurant called Netflix Bites, featuring chefs from various Netflix cooking series, such as “Chef’s Table,” “Nailed It!” and “Iron Chef: Quest for an Iron Legend.”

Although the streaming giant has launched immersive experiences based on shows before, including “Stranger Things,” “Squid Game,” “Bridgerton” and “Money Heist,” this is the first time that Netflix is stepping into the restaurant business.

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Crypto News & Tech Updates

🟢⚡️ WeChat enables crypto p2p trading on the world's largest messaging application.

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Binance withdraws from the Netherlands 🇳🇱 after failing to obtain a license.

The platform's attempt to secure a Virtual Asset Service Provider (VASP) license from the Dutch regulator was unsuccessful.

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✴️🇦🇪OKX crypto exchange received a preliminary license in Dubai.

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If you’re not logged into your Twitter account and try to view a tweet, you’ll be presented with a sign in screen. And if you don’t want to have an account on the bird app, too bad!

Twitter hasn’t commented on this change, and given how sloppy the platform has been since Elon Musk’s takeover, it might just be a glitch. However, in a time when Twitter is struggling to grow its user base, it’s possible that this is a tactic to force silent lurkers into making an account.

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Microsoft has increased the size of the free VPN package for Edge browser from 1 GB to 5 GB per month.

The browser has a default VPN tool from Cloudflare without the need for third-party plugins.
The service is currently not available in the basic version, but you can use it from Edge Canary.

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🔶 Binance has launched Cloud Mining presale for Bitcoin cloud mining. Estimated start of mining on September 30th

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The final release of the US Gross Domestic Product 🇺🇸 (GDP) for the first quarter of 2023 came in at 2%, higher than expected.

Gross domestic product (GDP) is the broadest measure of economic activity and a key indicator of an economy's health.

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Crypto News & Tech Updates

Ironically, the social app IRL‘s users do not exist in real life.

An internal investigation by IRL’s board of directors found that 95% of the app’s reported 20 million users were “automated or from bots,” The Information first reported. So, after raising more than $200 million in venture capital, IRL is shutting down.

IRL was poised to become an event organizing alternative for Gen Z, who are using Facebook less and less. But after raising its SoftBank-led $170 million Series C round at a $1.17 billion valuation, the company’s internal troubles became more obvious.

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Crypto News & Tech Updates

🇭🇰 HSBC Hong Kong now lets customers trade bitcoin and ether ETFs.

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Crypto News & Tech Updates

🇨🇳 Chinese police said that the use of Telegram and the use of digital currencies such as bitcoin for payment has become a new trend in drug crime in China.

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Crypto News & Tech Updates

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🇺🇸🟠 Binance US expects its banking partners to stop providing transfer services to it in the near future, encourages users to convert US dollars to stablecoins, and also removes most USD trading pairs, providing new pairs in USDT.

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According to research by Berenberg Bank, stablecoins and DeFi projects may be the next target of the Securities and Exchange Commission (SEC).

Investment bank Berenberg said the SEC may now focus on requiring stablecoins, including the two largest coins by market cap USDT and USDC, and DeFi decentralized finance protocols to comply with regulations and legislation.

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Bloomberg reports that Deutsche Bank has applied to Germany's Federal Financial Administration 🇩🇪 (Bafin) for a regulatory license to provide storage services for digital assets such as cryptocurrencies.

Deutsche Bank is the largest banking institution in Germany with total assets of €1.337 trillion in the fourth quarter of 2022.

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💰 New research finds Bitcoin mining is the most sustainable sector of the economy!

Percentage of sustainable energy:

- Bitcoin: 52.6%
- Banking: 39.2%
- Industrial: 32%
- Agriculture: 19%
- Gold: 12.8%
- Iron & Steel: 9.8%
- Zinc: 1%

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Crypto News & Tech Updates

French investigation 🇫🇷 on Binance activities and accusations of money laundering.

French law enforcement agencies stated that Binance laundered funds derived from financial crimes using “shell companies”.

Binance denied all charges, confirmed that it was operating legally and reaffirmed its commitment to combating money laundering.

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Crypto News & Tech Updates

Google, ever eager to lean into generative AI, is launching a new shopping feature that shows clothes on a lineup of real-life fashion models.

A part of a wide range of updates to Google Shopping rolling out in the coming weeks, Google’s virtual try-on tool for apparel takes an image of clothing and attempts to predict how it would drape, fold, cling, stretch and form wrinkles and shadows on a set of real models in different poses.

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The price of stable dollar currencies USDC and DAI is rising against USDT due to an imbalance in the liquidity pool on Uniswap and Curve pools platforms.

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