Kenya partners with Abu Dhabi’s Venom Foundation to build blockchain, Web3 hub

[ad_1] The partnership will attempt to contribute to driving blockchain innovation in the continent’s key sectors, including finance, supply chain, agriculture, business and cross-border trade, the May 10 announcement said.The planned blockchain and Web3 hub will serve as a central platform for African technology companies and government entities, fostering knowledge exchange and stakeholder collaboration.Under the deal, Venom will provide tools and resources to support Kenya and other African countries in

S&P Global attempts to assess crypto assets’ susceptibility to macroeconomics

[ad_1] Rating provider S&P Global has examined the relationship between crypto assets and macroeconomics in a new report. Its conclusion is a firm “maybe” and the details are complex, mainly due to “idiosyncratic events” such as the crypto winter , geography and the industry's short history. Crypto assets have a different value proposition from traditional assets and different performance drivers, the S&P report noted in its introductory paragraphs, but the interconnectedness

DCG settlement with Genesis still undecided as 30-day mediation period proceeds

[ad_1] Digital Currency Group (DCG), the parent company of crypto firm Genesis Capital, has reported no solution to its “outstanding intercompany obligations” that could help reimburse creditors.In a May 9 announcement, DCG said it was in the middle of a 30-day mediation period with Genesis in response to creditor demands. The firm proposed a settlement plan in February in which Genesis creditors had been expected to receive 80% recovery of funds

OpenAI CEO to testify before Congress alongside ‘AI pause’ advocate and IBM exec

[ad_1] OpenAI CEO Sam Altman will make his first appearance before Congress on May 16 to discuss artificial intelligence (AI) regulation in the United States during a hearing on oversight. Also testifying will be IBM’s chief privacy and trust officer, Christina Montgomery — who is a member of the U.S. National Artificial Intelligence Advisory Committee — and New York University emeritus professor Gary Marcus. US Senate hearing on #AI Oversight, with

Tether has $1.5B in Bitcoin reserves: BDO Italia

[ad_1] BDO Italia's latest attestation report for Tether revealed that Bitcoin (BTC) made up approximately $1.5 billion of the stablecoin issuer's reserves, or roughly 2% of the total, at the end of the first quarter. The accounting firm did not list Bitcoin as a line item in previous reports.Without much fanfare, Tether has started reinvesting some of their profits/excess reserves into Bitcoin. How much have they acquired in Q1, you

Ethereum derivatives flirting with bearishness: Mind the $1,820 support

[ad_1] After a brief overshoot above $2,000 on May 6, the Ether (ETH) price has returned to the tight range between $1,820 and $1,950, which has been the norm for the past three weeks.According to the latest Ether futures and options data, odds favor the Ether price breaking below the $1,820 support as professional traders have been unwilling to add neutral-to-bullish positions using derivatives contracts.Ether price in USD, 12-hour chart.

US lawmakers hold EU and UK as examples of crypto regulation in joint hearing

[ad_1] Some members of the United States House of Representatives’ Financial Services and Agriculture Committees pointed to crypto asset frameworks being employed outside the country when discussing regulatory gaps at home.In a May 10 joint hearing on the future of digital asset regulation, some lawmakers pointed to the European Union’s Markets in Crypto Assets framework and digital asset regulation in the United Kingdom in contrast with the patchwork of requirements

Bitcoin Ordinals make their way to Binance: Nifty Newsletter, May 3–9

[ad_1] In this week’s newsletter, learn about emerging technologies creating new ethics for humankind. Read about the nonfungible token (NFT) marketplace Binance NFTs adding support for Bitcoin Ordinals on its platform, and check out why Kenyan lawmakers are considering a tax on crypto and NFT transfers. In other news, former OpenSea manager Nathaniel Chastain was found guilty of insider trading in a federal court in New York, and don’t forget

Milady NFT floor price surges after Elon Musk tweet

[ad_1] On May 10, American business magnate Elon Musk tweeted a meme created using imagery from the Milady nonfungible tokens (NFT) collection. Shortly thereafter, the floor price of Milady NFTs spiked from 3.8 Ether (ETH) to as high as 7.3 ETH before falling to 5.69 ETH apiece at the time of— Elon Musk (@elonmusk) May 10, 2023 Created in 2021 by digital arts collective Remilia, Milady is a collection