Unique Competition on Friend.Tech Offers the @Pepe Social Media Handle as Prize

A competition hosted on the web3 social media platform Friend.Tech is offering a unique prize: the Pepe social media handle. The individual behind the @pepe handle on Twitter/X, who is also known for creating products like pepe.wtf, illiquid.xyz, cyborg.art, and others, has outlined the rules for "T ...

UK Competition Watchdog Warns of AI Dominance and Potential Consumer Harm

The Economic Crime and Corporate Transparency Bill in the United Kingdom (UK), which aims to expand authorities' ability to combat illicit cryptocurrency usage and tackle crypto-related financial crimes, is nearing the final stages of approval by the House of Lords. This bill, introduced in Septembe ...

UK Competition Watchdog Warns of AI Dominance and Potential Consumer Harm

The United Kingdom's competition watchdog has expressed concerns about the potential for a small number of firms to dominate the artificial intelligence (AI) industry, which could lead to consumers being exposed to harmful information. In a report released on September 18, the Competition and Market ...

Navigating Challenges and Opportunities: The Road Ahead for Base in the Blockchain Space

What is Base? Unpacking Coinbase’s new layer-2 network and its impact Base, Coinbase’s new layer-2 blockchain network, was built to enhance Ethereum’s capacity for decentralized applications, improve user interfaces, and r ...

Solana Co-founder Draws Parallels with Apple, Aims to Create a User-Friendly Financial Internet

He said the company is developing a new generation of "financial internet," but it needs to be as widely accessible as possible A similar principles are followed by Apple Solana co-founder Raj Gokal thinks Solana could repeat Apple's success and becom ...

Binance Collaborates with Tether, Circle, and Others to Expand Stablecoin Support

The world's largest cryptocurrency exchange Binance announced that it, along with Tether, Circle, and other unnamed companies, is going to expand support for stablcoins. "To improve user security, Binance has reached out to other market players, including ...

Central Bank of Hungary Takes Cautious Approach to State-Owned Stablecoin Launch

Central Bank of Hungary believes that the state-owned Stablecoin will not have a strong impact on the country's financial system, so the regulator will not rush to launch it. Aniko Szombati, head of digital development at Magyar Nemzeti Bank (MNB), said this at a meeting ...

Solana Foundation Launches “NFT Showdown” Competition for Avatar Collections

It's called NFT Showdown Participants will compete in creating avatar collections The Solana Foundation has announced a new contest for aspiring digital artists, "NFT Showdown.". It's a competition for the best idea for avatar collections. So, contestants must ...

Binance CEO Refutes Claims of $28 Billion Net Worth

The CEO of Binance, a popular cryptocurrency exchange, has pushed back against media reports that claim he has a net worth exceeding $28 billion. Changpeng Zhao, the CEO, called the reports inaccurate, insisting that he doesn't have that much money. Bloomberg, however, has listed Zhao as one o ...

Peter Thiel Leaves Meta Board After Criticizing Obsession with Meta Universe

American billionaire Peter Thiel left Meta's board of directors shortly after criticizing the company's obsession with the meta universe Criticism of Meta*'s (recognized by Russian authorities as extremist and banned in the country) plans for the meta universe cost American billionaire Peter Thie ...

Swedish Central Bank Explores Governance and Programmability of State Stablecoin

The Riksbank, Sweden's central bank, recently released a report detailing the findings of its third round of experiments with its state stablecoin. The report primarily focused on the governance and programmability of the digital currency. Riksbank's researchers emphasized that the digital kro ...

European Commission Concerned about Big Tech Dominance in Metaverse Market

The European Commission is worried about the potential dominance of big tech firms in the metaverse market, which may overshadow European startups. To address this, the Commission recently released a consultation paper outlining the benefits of the Metaverse and its potential to create new busine ...

Experts Predict Binance Coin (BNB) Forecast for March 2023 Amid Regulatory Pressure on Binance Exchange

Binance Coin (BNB) is a digital currency that powers the Binance exchange, which is currently the world's largest crypto exchange. However, in 2023, the exchange faced regulatory challenges that could potentially impact the value of BNB. To understand the potential impact, BeInCrypto reached out ...

Binance’s Dominance in Bitcoin Trading Market Raises Concerns

Binance's move to eliminate trading fees for bitcoin trading, along with the collapse of FTX exchange, has allowed the crypto giant to capture almost 100% of the market share. Binance has steadily increased its presence and trading volumes since 2018, with its market share at 45% at the start of 202 ...

OpenSea loses users to competing NFT trading platforms

OpenSea has recently acknowledged losing users to rival NFT trading platforms and has decided to take action. Starting February 18, the platform will temporarily waive the 2.5% sales commission in an attempt to retain its existing user base and attract new customers. However, according to Nansen, an ...