[ad_1] Crypto lending platform Celsius has reported that certain users will be able to take out 100% of their original funds more than 300 days after the platform froze withdrawals.In a May 4 announcement, Celsius said following court approval, eligible users would be able to withdraw the remaining 6% of Distributable Custody Assets from the platform. Until January, the same users, largely those who only ever held funds in custody
[ad_1] On May 4, Argentina's central bank has banned payment providers from offering crypto transactions, alleging it intends to reduce the country's payment system exposure to digital assets. According to a statement from the monetary authority, payment providers may not offer or facilitate crypto services through their applications. The move brings payment fintechs and financial institutions under the same rules in the country. "Payment service providers that offer payment accounts [...]
[ad_1] United States inflation and how it might affect the price of Bitcoin (BTC) are two of the top concerns on investors’ minds around the world. To illustrate, one prominent crypto personality bet big bucks on the future of the U.S. economy: the former Coinbase executive recently paid out $1.5 million to settle a Twitter wager about possible hyperinflation in the American economy.The U.S. may not be experiencing hyperinflation, but
[ad_1] Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.April saw several hacks, exploits and rug pulls that resulted in a net loss of over $100 million among several DeFi protocols. Amid the growing memecoin frenzy, the chances of exploits have increased multifold, with WallStreetBets — a popular trading sub-Reddit group
[ad_1] Robert F. Kennedy Jr., who is challenging United States President Joe Biden for the Democratic nomination in the 2024 presidential election, has taken to Twitter again to share more of his thoughts on cryptocurrency.Kennedy criticized Biden on May 2 for calling the U.S. banking system “safe and sound” the previous day. “Today, bank stocks are crashing. The American people deserve more than glib assurances and perception management,” he tweeted.On
[ad_1] The artificial intelligence art gold rush began around 2018 when Christie’s auctioned “Portrait of Edmond Belamy” for an astounding $432,500. Since then, it has been an up-only journey for AI-generated images. “Théâtre D’opéra Spatial,” Jason Allen’s AI artwork, even won a prize at the Colorado State Fair art competition. This shows how AI-generated images have not only become more popular but also very sophisticated recently. But not everyone is
[ad_1] CEO Tim Cook gave a rare, if guarded, glimpse into Apple’s walled garden during the Q&A portion of a recent earnings call when asked his thoughts on generative artificial intelligence (AI) and where he “sees it going.” Cook refrained from revealing Apple’s plans, stating upfront, “We don’t comment on product roadmaps.” However, he did intimate that the company was interested in the space:“I do think it’s very important to be
[ad_1] The French bank BNP Paribas is collaborating with the Bank of China (BOC) to promote China's digital currency, the digital yuan, to its corporate clients, the South China Morning Post reported. The partnership will enable BNP Paribas China's corporate clients to connect with the BOC system, allowing users to manage their digital yuan wallets by linking them to their bank accounts, track transactions, and make payments using China's digital currency
[ad_1] South Korean authorities are seeking the extradition of the co-founder and former CEO of Terraform Labs, Do Kwon. The prosecutor overseeing the investigation believes his repatriation would best serve the victims of the TerraUSD (USTC) and LUNA token collapses, The Wall Street Journal reported. South Korea is the place where most of the crimes Kwon is accused of took place, according to Dan Sung-han, leader of South Korean prosecutors investigating the
[ad_1] Macro Markets, hosted by crypto analyst Marcel Pechman, airs every Friday on the Cointelegraph Markets & Research YouTube channel and explains complex concepts in layperson’s terms, focusing on the cause and effect of traditional financial events on day-to-day crypto activity.PacWest Bancorp’s 50% price decline and the ongoing banking crisis are the first topics of this week’s show. The bank holds $40 billion in assets, although 80% of its lending portfolio
