PancakeSwap, a decentralized cryptocurrency exchange, will launch CupcakeHop, a portfolio management tool driven by artificial intelligence (AI). The technology, created by Bril Finance with support from PancakeSwap, aims to enhance the management of investments in decentralized finance (DeFi).CupcakeHop, scheduled for release in August, intends to provide real-time risk management and customized investing strategies to a wider user base, hence enabling DeFi. Connor O’Shea, the CEO of Bril Finance and the creator of CupcakeHop, stated in a Cointelegraph interview that the AI portfolio management tool automates investing methods based on a user-defined goal and current market conditions. “It’s continually adjusting strategies to optimize performance with the intended purpose of maximizing returns.” In order to guarantee the security of user-deposited assets, the new tool has a risk engine that will recognize and isolate possible hazards and automatically rebalance pools. Speaking with Cointelegraph, O’Shea made a prediction on the inclusion of a risk management slider aspect. “What I envision is effectively a risk slider that’s proportional to return. If you’re a user, you come in, and you get three buttons: high risk, medium risk, or low risk. And then, for each of those, we

Michael Dell, the CEO of Dell Technologies (DELL), a company valued at over $100 billion, expressed at least a passing interest in bitcoin (BTC) by forwarding a post from bitcoin advocate Michael Saylor on X that was favorable to BTC. Dell blogged on Thursday, stating that “Scarcity creates value.” Saylor, the executive chairman of MicroStrategy (MSTR), responded to that by stating, “Bitcoin is Digital Scarcity,” which Dell later reposted. Dell later shared a picture of Cookie Monster from Sesame Street that had been digitally edited, presumably by Saylor, to portray the well-known children’s monster chomping on bitcoin rather than cookies. This conversation didn’t stop there. Saylor has served as CEO and executive chairman of MicroStrategy for the past almost four years. During that time, the company has acquired 226,331 bitcoin for a total value of $15 billion, with the most recent acquisition occurring this week. Saylor has also advocated for other corporations to adopt similar practices with their own balance sheets. Fewer businesses than Saylor’s MicroStrategy have included bitcoin into their treasury plans up to this time. Dell’s balance sheet as of May 3 showed $34.6 billion in current assets, of which $5.8 billion were cash and cash equivalents, according to a recent filing. There is no mention of bitcoin.

Osmosis, a decentralised autonomous organisation (DAO), decided to accept a fee-free Bitcoin bridge so that bitcoin (BTC) could enter the Cosmos ecosystem. According to an email release obtained on Friday, a revenue-sharing deal with Bitcoin bridge Nomic is crucial to the process. By enabling users to transfer cryptocurrency assets between systems, a bridge helps blockchains

Bloomberg said on Friday that Standard Chartered (STAN) is setting up a spot trading desk for the purchase and sale of ether and bitcoin. According to the article, which cites people with knowledge of the situation, the bank’s FX trading unit will incorporate the new London-based desk when it opens for business. Standard Chartered was

American legislators Representatives Chrissy Houlahan (D-Penn.) and French Hill (R-Ark.) paid Tigran Gambaryan a visit on Wednesday when he was detained in Nigeria on allegations of money laundering related to his involvement with the cryptocurrency exchange. With a visit to the nation to talk about counterterrorism measures, “we also had the opportunity to advocate for

The relationship between Blockchain and Web3 is gaining attention as the internet evolves. Blockchain is the technology behind cryptocurrencies like Bitcoin, while Web3 represents the next phase of the internet, focusing on decentralization. What is a blockchain? Blockchain is a digital ledger system that uses several computers to record transactions in a way that makes

The cryptocurrency exchange Kraken has made up for lost money in a well-publicized bug bounty exploit incident. The June 9 Kraken-Certik saga came to a conclusion when Kraken verified the repatriation of the almost $3 million worth of stolen digital assets. In a June 20 X post, Nicholas Percoco, Chief Security Officer of Kraken, verified the recovery of the cash, less transaction fees. “Update: We can now confirm the funds have been returned (minus a small amount lost to fees).” On June 19, Kraken’s CSO made the initial announcement of the $3 million missing cash. He stated that the monies were wrongfully removed from the treasury by a “security researcher” who had found and shared an existing issue. According to Kraken, the security researcher who was withholding the money and threatening to phone the exchange’s business development team in exchange for a reward was extorting them. Blockchain security company CertiK publicly identified itself as the “security researcher” that Kraken claimed stole $3 million in digital assets shortly after the latter posted about the lost monies. CertiK said in an X post on June 19 that it had notified Kraken of an issue that enabled it to take millions of dollars out of the exchange’s users’ accounts. Certik further asserted that the exchange’s crew had threatened him. “After initial successful conversions on identifying and fixing the vulnerability, Kraken’s security operation team has THREATENED individual CertiK employees to repay a MISMATCHED amount of crypto in an UNREASONABLE time even WITHOUT providing repayment addresses.”

The largest stock market in Australia launched its first spot-bitcoin (BTC) exchange-traded fund (ETF) on Thursday, in response to the growing global need for a simple means of investing in cryptocurrencies. 90% of the nation’s equities market is traded on the Australian Securities Exchange (ASX), where the VanEck Bitcoin ETF (VBTC) went live. Earlier this

Shortly after doing the same on Chiliz Chain, a division of the state-owned energy corporation of France, EDF, has joined Cronos, the blockchain network created by cryptocurrency exchange Crypto.com, as a validator. Joining a pool of 32 validators on Cronos’ open-source Ethereum Virtual Machine (EVM) protocol, Exaion assists companies with digital transformation by addressing the

The investigation of settling tokenized securities using a wholesale central bank digital currency (CBDC) by the Swiss National Bank (SNB) and Swiss Digital Exchange (SDX) is about to move into a new phase. Over the next two years, more financial institutions and transaction types will be added. Institutional market participants aiming to settle large trading

According to Arkham data, a German government entity transferred $425 million in bitcoin (BTC) to a different wallet address today, transferring some of the money to deposit wallets on cryptocurrency exchanges and returning the rest to the original location. 6,500 BTC were transferred from the wallet address, which Arkham had previously determined to be associated with the German Federal Criminal Police Office (BKA), to the address “bc1q0unygz3ddt8x0v33s6ztxkrnw0s0tl7zk4yxwd” and back again. According to transactional data, a $32 million bitcoin tranche was put on the cryptocurrency exchange Kraken, and a comparable sum was deposited on Bitstamp. The company seems to have transferred $130 million in Bitcoin to “service wallets,” which typically denotes a “intention to sell in the near future,” according to Arkham CEO Miguel More, who spoke with CoinDesk over Telegram. The moves on X were already noted by Mantle blockchain strategist @Defi_Maestro. The owners of the 2013-active movie piracy website Movie2k.to lost about 50,000 BTC, or more than $2 billion, to BKA. According to Arkham, the BKA obtained the bitcoin in mid-January following a “voluntary transfer” from the accused.

Crypto exchange Kraken has disclosed that $3 million worth of digital assets that it had taken advantage of in a newly found fault are still in the control of a research team.On June 9, a cryptocurrency exchange was notified by an unidentified self-described “security researcher” who had discovered a serious vulnerability. According to Nick Percoco, the chief security officer of Kraken, two accounts connected to the security researcher have taken advantage of the defect and taken out more than $3 million in digital assets. The security researcher is requesting a reward for the cash that were stolen after the multi-million dollar withdrawal, according to Percoco, who posted on June 19 on X. “Instead, they demanded a call with their business development team (i.e. their sales reps) and have not agreed to return any funds until we provide a speculated $ amount that this bug could have caused if they had not disclosed it. This is not white-hat hacking, it is extortion!” The cryptocurrency was stolen directly

Traded publicly Marathon, a “platform built on the Bitcoin network that allows for the creation of multiple sidechains,” started fostering Anduro in February. According to an email notification shared on Wednesday, the project is being renamed Portal to Bitcoin in conjunction with its integration with the DEX network, a financial service based in San Francisco.

Standard Chartered, Northern Trust, and SBI Holdings are among the investors in Zodia Custody, an institution-grade cryptocurrency and digital asset safeguarding platform, which is also supported by NAB Ventures, the venture arm of National Australia Bank. Zodia launched operations in Australia in late 2023, and the investment from NAB Ventures supports the company’s expansion there,

The International Monetary Fund (IMF) conducted a review of 19 central banks in the Middle East and Central Asia (ME&CA) area and found that CBDCs may not be necessary to accomplish intended policy goals. The report also stated that although adopting a CBDC takes careful consideration, it can promote financial inclusion and reduce the cost

AI-powered digital avatars are one of TikTok’s latest features that allows marketers to create multilingual product ads. Artificial intelligence (AI)-powered “digital avatars” that marketers can create to say almost anything to promote their products could soon be a common sight on TikTok. On June 17, TikTok revealed that it was adding “stock avatars” and a

Other significant cryptocurrency exchanges, such as Binance, Kraken, and OKX, modified their stablecoin listing policies in addition to Uphold in order to abide with MiCA rules. Uphold, a cryptocurrency exchange, has notified its users in Europe that, as of July 1, it will no longer support six well-known stablecoins. According to Uphold, the stablecoins will

CryptoSlam reports that throughout the past 30 days, sales of Bitcoin-based NFTs had totaled $148 million. The Ronin blockchain, which once held the third-highest record for all-time NFT sales, has been surpassed by the Bitcoin network in the lifetime rankings of non-fungible tokens (NFTs). The Bitcoin-based NFTs generated an all-time sales volume of $4,271,928,280, according

Searching for cryptocurrency airdrop possibilities and profiting from them might be an exciting way to earn some extra cash, but not all “drops” are made of gold. What are cryptocurrency airdrops? Crypto projects utilise cryptocurrency airdrops as a marketing tactic to provide free coins or tokens to specific wallet addresses of active users. By retaining

According to a research report published on Tuesday by broker Bernstein, MicroStrategy (MSTR) is not simply a software company expanding its corporate treasury into cryptocurrency—it is also leading the way in the bitcoin (BTC) capital markets. “MSTR is the only corporate that has developed institutional demand for bitcoin linked convertibles,” analysts Gautam Chhugani and Mahika Sapra wrote. According to the broker, MicroStrategy has obtained $4 billion in convertible debt to far with the sole intention of purchasing additional bitcoin. One kind of financial instrument that can be changed into shares is a convertible bond. Presently, Michael Saylor’s company owns 214,400 bitcoin, which is valued at almost $14.5 billion. In 2020, it began purchasing cryptocurrencies as a reserve asset.“No other corporate has an active bitcoin investing strategy that can attract capital at scale,” the authors wrote. According to the report, MicroStrategy has sufficient time to profit from any future bitcoin gains and has no danger of liquidating the cryptocurrency on its balance sheet because of its long-term convertible debt plan. According to Bernstein, the Virginia-based corporation can issue additional shares to reduce leverage when the value of bitcoin declines and there is less room to issue new debt.MicroStrategy’s bitcoin per equity share has increased by around 67% over the previous four years thanks to this combination of debt and equity, according to the study.Bernstein points out that since MicroStrategy began purchasing bitcoin in 2020, the company has not sold any of the cryptocurrency, and the firm plans to continue raising money to increase its holdings. The broker has an outperform rating on MicroStrategy stock with a $2,890 price target.

By providing MPC technology, the partnerships greatly enhance security measures when compared to single private keys or typical multisig systems. In reaction to a recent security compromise involving $10 million in user cash, Fireblocks and Ancilia have teamed with Alex Lab’s Bitcoin bridge, XLink. Multiparty computation (MPC) technology will be incorporated into XLink’s wallet and

David Hirsch began serving as the head of the SEC’s crypto asset division in 2022 after serving as an enforcement attorney for the agency since 2015. The United States Securities and Exchange Commission’s (SEC) enforcement division’s chief of crypto assets, David Hirsch, has formally announced his retirement from the organisation. Hirsch, who started his career

Price swings are experienced by ZK’s token launch on several exchanges, while zkSync controls network congestion and fraudulent threats. On June 17, exchanges officially offered the eagerly awaited zkSync token (ZK). CoinMarketCap estimates that its market capitalization is approximately $971 million, with a total supply of 21 billion ZK. The coin was first listed on