Day: May 2, 2024

Solana and Google Cloud Boost Blockchain Gaming

Solana Labs has teamed up with Google Cloud to enhance blockchain gaming, introducing their GameShift development platform to Google’s powerful cloud ecosystem. This strategic partnership, announced on Thursday, is set to streamline game development on Solana, promoting wider adoption of blockchain technology within the gaming industry. GameShift, designed to simplify blockchain integration, offers developers a […]

PayPal Expands Crypto Services with MoonPay

PayPal is broadening its cryptocurrency reach by partnering with MoonPay, a move set to offer PayPal’s vast user base—over 426 million customers—access to an expanded array of more than 100 digital assets. This collaboration aims to streamline the crypto transaction process and navigate the common banking challenges that users face. MoonPay highlights that traditional crypto […]

BNP Paribas Dives into Bitcoin ETF

In a notable shift within the financial sector, multinational bank BNP Paribas has taken its first steps into the cryptocurrency market by purchasing shares in BlackRock’s iShares Bitcoin Trust (IBIT). This move was disclosed through a Form 13F filing with the U.S. Securities and Exchange Commission (SEC) on May 1, revealing that the bank acquired […]

LayerZero Prepares for Airdrop

LayerZero Labs, a key player in blockchain interoperability, has taken a significant step towards rewarding its community by completing a crucial snapshot in anticipation of a potential airdrop. This snapshot, captured at 11:59:59 PM UTC on May 1, 2024, marks the cutoff for transactions eligible for the airdrop, as announced via a graphic on the […]

BOB Unites Bitcoin and Ethereum

The Build on Bitcoin (BOB) project has ignited excitement in the cryptocurrency community with the launch of its inaugural phase, introducing a groundbreaking interface that allows decentralized applications (dapps) to leverage the capabilities of the leading blockchain. On Wednesday, BOB announced the activation of its mainnet, boasting $300 million in total value locked (TVL) and […]

AI Targets Bitcoin Laundering

The integration of artificial intelligence into blockchain surveillance is poised to significantly bolster law enforcement efforts in tackling money laundering within the cryptocurrency sphere. A groundbreaking study by Elliptic and the MIT-IBM Watson AI Lab has unveiled how deep learning AI can effectively parse the expansive Bitcoin blockchain to identify illicit activities. Published on Wednesday, […]

Fed Holds Rates Amid Crypto Market Pain

The Federal Reserve made a decisive move on Wednesday, opting to maintain its key interest rate, as it continues to wage a battle against inflation. This decision has sent ripples through the crypto market, exacerbating existing pressures. Federal Reserve Chairman Jerome Powell, in his characteristic cautious demeanor, addressed the media, stating that while the fight […]