According to Token Unlocks data, a significant amount of Optimism’s OP tokens is scheduled for release on May 31st. A total of 386,547,056.64 OP tokens, equivalent to approximately $587 million and accounting for 9% of the total supply, are set to be unlocked. This includes 204,010,947 OP tokens for core contributors and 182,536,110 OP tokens

Harnessing AI’s potential responsibly through energy efficiency and sustainable practices.The past several years have seen artificial intelligence (AI) emerge as a global transformative force possessing the power to revolutionize several industries. From autonomous vehicles to smart home devices, AI-driven solutions have permeated various aspects of our lives, promising increased efficiency and convenience. However, alongside these

Bankrupt crypto lender Genesis Global Capital and exchange platform Gemini are asking a U.S. court to dismiss a lawsuit by the Securities and Exchange Commission alleging the two sold unregistered securities, court filings from Friday shows. The SEC, in a lawsuit filed in January to a New York Court, targeted Gemini’s yield-bearing product Earn, an unregistered offering

Dogecoin (DOGE), the meme cryptocurrency known for its rapid price moves, has been unusually calm this year, underperforming market leaders bitcoin (BTC) and ether (ETH) by a significant margin. One technical analysis indicator called Bollinger bandwidth suggests it may be the calm before the storm. The indicator illustrates periods of varying volatility relative to the

Fantom blockchain will reward projects that utilize its network and contribute toward high usage of gas fees in a bid to drive increased demand for block space, developers said on Sunday in a tweet. Eligible applications will be rewarded 15% of the gas fees they produce, providing developers with marginal extra income. This is part of

Floki (FLOKI) spiked over 10% recently and saw its highest trading volumes in over three weeks as traders bet on the tokens amid a China-focused push for its Valhalla metaverse game. Trading volumes for the tokens, which are fashioned after the Shiba Inu dog breed, jumped to over $60 million, up from last week’s $25

Singapore’s Temasek Holdings, one of the country’s sovereign wealth funds, has pledged to take “collective accountability” for its ill fated $275 million investment in collapsed crypto exchange FTX. In a statement released recently, the fund said there was “fraudulent conduct intentionally hidden from investors, including Temasek.” “Although there was no misconduct by the investment team

The Official Committee of Unsecured Creditors of FTX, a now-bankrupt cryptocurrency exchange, has publicly responded to the U.S. Internal Revenue Service’s (IRS) staggering $44 billion in claims against various debtors affiliated with FTX. The committee made the acknowledgment via a recent tweet, stating: “On April 27 and 28, the U.S. Internal Revenue Service submitted numerous

Beijing’s municipal government has unveiled a white paper to foster innovation and advance the Web3 industry. The “Web3 Innovation and Development White Paper” was revealed at the Zhongguancun Forum by the Beijing Municipal Science and Technology Commission, also known as the Administrative Commission of Zhongguancun Science Park. According to a local news outlet, The Paper, the document recognizes

Patricia — a Nigerian gift card and crypto trading platform — has encountered a security breach, prompting immediate measures to safeguard its users. As a precautionary step, the platform has temporarily suspended fund withdrawals. The company announced it was a victim of a security breach that compromised its Bitcoin and naira assets. In the message it sent to users, it said

The governance tokenholders of Tornado Cash will soon regain control over the protocol’s operations, thanks to an unexpected proposal put forward by the attacker. This development allows the community to regain authority and steer the protocol toward recovery and improved security measures. On May 26, the proposal to restore control to the original governance tokenholders of

Wendy’s has announced a partnership with Google Cloud to launch an AI chatbot called “Wendy’s FreshAI” that will take orders from drive-thru customers. Over 75% of Wendy’s customers prefer to place their orders via drive-thru, making this an important area for the fast-food chain to focus on. The chatbot will use natural language processing to

Over 1.7 million verified members of the Stargate community have voted in favor of a proposal. Stargate, a cross-chain bridge protocol called LayerZero, has taken action following a significant incident called “force majeure” that affected Multichain. The concerns mainly revolve around anyUSDC, which is the primary USDC asset on the Fantom network, and its stability.

According to blockchain security firm PeckShield, Jimbos Protocol the liquidity protocol of the Arbitrum system — was hacked recently.The attack resulted in the loss of 4,000 Ether (ETH), worth approximately $7.5 million at the time. The attacker used the lack of slippage control over tokens to steal the funds. Adding to the growing number of

Blockchain startup accelerator Cronos Labs has announced the launch of its second cohort for the Cronos Accelerator Program. The program, backed by a substantial $100 million investment, aims to support early-stage crypto projects by providing mentorship and funding opportunities.  According to an announcement, Cronos Labs handpicked eight projects to participate in their accelerator program. Each of

Lybra Finance, a protocol built on liquid staking derivatives that aims to provide a decentralized interest-bearing stablecoin, has seen its total value locked (TVL) skyrocket nearly 400% in the past two weeks, nearing $100 million as of Friday. Launched one month ago, Lybra’s surge in TVL coincides with Lido upgrading to its second version on

Venture capital fund Andreessen Horowitz, also known as A16z, has released a Solidity library that can be used for anonymous voting on Ethereum. Called “Cicada,” the library prevents an individual voter’s choice from being known before polling ends. When combined with zero-knowledge group membership systems like Semaphore, it can also make the identity of the voter

Platinium Group, the leading ticket issuer for Formula 1, is releasing non-fungible token (NFT) race tickets starting with the Monaco Grand Prix this weekend. Platinium Group has teamed up with blockchain infrastructure company Elemint and Web3 agency Bary to help create, mint and sell the NFT tickets. According to a press release, the tickets will

Platinium Group, the leading ticket issuer for Formula 1, is releasing non-fungible token (NFT) race tickets starting with the Monaco Grand Prix this weekend. Platinium Group has teamed up with blockchain infrastructure company Elemint and Web3 agency Bary to help create, mint and sell the NFT tickets. According to a press release, the tickets will

US Bitcoin Corp. (USBTC) is looking to be one of the largest miners in the U.S. by increasing its computing power by 12.2 exahash/second (EH/s), following a deal to buy mining assets from bankrupt lender Celsius, according to a press release. The miner is part of a consortium, named Fahrenheit, that won a bankruptcy auction

A former executive of South Korean cryptocurrency exchange Coinone, who was accused of taking bribes in return for listing certain coins, has acknowledged the charges, local news agency Yonhap reported on Thursday. “Mr Jeon,” Coinone’s former director of listing, was accused of receiving nearly 2 billion won ($1.51 million) in return for listing virtual assets such

Millions of AVAX tokens – the native crypto of the Avalanche blockchain will be unlocked on Sunday and distributed to key players in that ecosystem, adding a major 1.2% increase in total supply. The 9.3 million tokens entering circulation on May 27 were worth roughly $130 million at press time. They’re set to go to the Avalanche

Gulf Binance, a joint venture between crypto exchange Binance and Gulf Energy’s innovation arm Gulf Innova, has received a digital asset operator license in Thailand, according to a Friday press release. The rubber-stamp from Thailand’s Ministry of Finance will allow the firm to advance plans to open a regulated crypto exchange and broker in the southeast Asian country.

The World Economic Forum (WEF) recently published a white paper titled “Pathways to the Regulation of Crypto-Assets: A Global Approach,” advocating for a collaborative approach towards crypto regulation on a global scale. The white paper highlights the unique challenges and necessary considerations regarding the regulation of crypto-assets. Considering the borderless, open-source, decentralized nature of these

In an ongoing adaptation to tighter Australian regulations, Binance, the world’s largest cryptocurrency exchange, has announced significant changes affecting its Australian users. Firstly, Binance will cease trading on several spot trading pairs tied to the Australian Dollar (AUD) effective from June 1, 2023, at 06:00 (UTC). The affected pairs include ADA/AUD, AUD/BUSD, AUD/USDT, BNB/AUD, BTC/AUD,

The general manager of Binance Japan described stablecoins as the “glue” between the real economy and the blockchain in an interview with CoinDesk Japan. Takeshi Chino, speaking ahead of Binance’s re-entry into Japan via its acquisition of regulated crypto exchange Sakura Exchange BitCoin, described how volatility of crypto prices may lead to profit opportunities but

If you’ve been online at any point this year, you’ve probably heard people talking about NFTs. Short for non-fungible tokens, NFTs are unique digital assets. They’re a type of cryptocurrency token. However, unlike a fungible token like Bitcoin, which can be swapped for other interchangeable tokens, NTFs are non-fungible, meaning that they are entirely unique.

Lawmakers in South Korea passed legislation that will require officials to report their crypto holdings.  The “Kim Nam-kuk Prevention Act” passed the plenary session of the National Assembly on Thursday via amendments to the National Assembly Act and the Public Service Ethics Act, both of which were approved without a dissenting vote, according to the

French lawmakers on a key legislative committee have unanimously agreed to new rules restricting crypto promotions by social media influencers, according to a Thursday statement from the country’s Senate. According to a statement by Arthur Delaporte and Stéphane Vojetta, who led negotiations in the National Assembly, the deal allows promotions for products of any crypto