Singapore startup dtcpay launches retail crypto payments system with Chinese partners

[ad_1] Singapore-based dtcpay is launching a payment system that will use fiat and cryptocurrencies for in-store and online payments. The company mentioned Tether (USDT), Ether (ETH) and Bitcoin (BTC) in its announcement.The company is partnering with open-source blockchain PlatON for privacy-protected digital infrastructure and Allinpay International to create smart terminals and a digital interface. Both PlatOn and Allinpay are based in China. Dtcpay and Allinpay are registered with the Monetary

Solana price hits a new 2023 high — What’s behind the SOL rally

[ad_1] Solana's native token (SOL) experienced an impressive 22% surge on Nov. 10, breaking past the $54 mark for the first time since May 2022. Notably, this surge occurred amid the continuous selling of SOL tokens by FTX's bankruptcy estate. The Delaware Bankruptcy Court approved the sale of the failed exchange FTX assets, which included 55.75 million SOL in September 2023.Investor enthusiasm for SOL's price increase may be attributed to

Mango Markets’ exploiter to face trial in April, and Coinflux shuts multichain: Finance Redefined

[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.The exploiter behind the $116-million theft of assets from Mango Markets will face trial in April next year after the accused convinced the judge to postpone the fraud trial to April 8, 2023. The Aave protocol had to pause multiple markets earlier

Researchers claim Bitcoin experiment generated almost 300% higher returns than hodling

[ad_1] A team of academic researchers from the International Hellenic University and Democritus University of Thrace in Greece recently published a paper supporting the “efficient market hypothesis” (EMH) for bitcoin trading.EMH is a controversial theory that the researchers claim contributed to the development of models capable of outperforming the hodl strategy by nearly 300% in simulated crypto portfolios. According to their research paper:“We manage to generate models whose forecasts give

3 theses that will impact Ethereum and Bitcoin in the next bull market

[ad_1] After 2021, we entered an era in cryptocurrency where people stopped talking only about financial decentralization and started to broadly discuss the tokenization of everything, thanks in part to nonfungible tokens (NFTs).This shift represents a critical perspective that is set to guide three theses for the upcoming bull market. To fully grasp these theses, it is crucial to understand that everything is data. Money is data. Your engagement with

Hodlnaut heading for liquidation after failure of restructuring, sale efforts

[ad_1] Crypto lender Hodlnaut’s days appear to be numbered after the High Court of Singapore ended judicial management and ordered its liquidation. Users’ funds have been frozen since August 2022. Former Hodlnaut interim judicial manager (IJM) Aaron Loh Cheng Lee announced in a letter dated Nov. 10 and posted on the website of EY that he and fellow IJM Ee Meng Yen Angela have been discharged from that position and appointed

Elon slings AI-generated insults at GPT-4 after OpenAI’s CEO mocks Grok

[ad_1] The launch of Elon Musk’s new “Grok” artificial intelligence (AI) system may not have made waves throughout the machine learning community or directly threatened the status quo, but it’s certainly drawn the attention of Sam Altman, the CEO of ChatGPT maker OpenAI. In a post on the social media app X, formerly Twitter, Altman compared Grok’s comedic chops to that of a grandpa, saying that it creates jokes similar to

Bitcoin ‘Terminal Price’ hints next BTC all-time high is at least $110K

[ad_1] Bitcoin (BTC) may next be a “sell” at at least $110,000 as its new bull cycle plays out, a classic on-chain indicator suggests.Data from on-chain analytics platform Look Into Bitcoin shows Bitcoin’s Terminal Price hinting at a possible six-figure BTC price top.BTC price to six figures next cycle?As BTC price action circles its highest levels in 18 months, forecasters are already considering how high it could go in the

Genesis seeks court’s approval to reduce 3AC claim from $1B to $33M

[ad_1] Bankrupt cryptocurrency lender Genesis has asked the court to approve its proposed settlement agreement with the imploded crypto hedge fund Three Arrows Capital (3AC).According to a court filing on Nov. 9, Genesis argued that the 3AC debtor should receive an allowed general unsecured claim against Genesis in the amount of $33 million. The amount accounts for 3.3% of $1 billion in claims originally asserted against Genesis debtors.“Agreement provides that

JPMorgan rolls out programmable payments for institutional blockchain platform JPM Coin

[ad_1] Multinational banking firm JPMorgan has rolled out a programmable payment feature for institutional users of its private blockchain platform JPM Coin.Naveen Mallela, who heads up JP Morgan’s bank-led blockchain platform Onyx, shared details of the new functionality on LinkedIn via an initial report from Bloomberg. According to Mallela, the programmable payments feature is now available to all its institutional clients.The capability is said to enable real-time, programmable treasury functionality and new