At today's meeting, the Board decided to leave the target cash rate unchanged at 4.35 per cent and the interest rate paid on settlement balances unchanged at 4.25 per cent. Inflation remains high and is falling more gradually than expected. According to the latest information, inflation continues to moderate but is falling more slowly than expected. The consumer price index rose 3.6 percent in the year to the March quarter, up from 4.1 percent in the year to December.

Chinese electric vehicle maker Nio has struck a deal with larger rival BYD to source batteries for a lower-priced EV brand that aims to compete with Tesla, three sources with direct knowledge of the matter said. The deal is a win for BYD, which is looking to expand its revenues beyond EV sales under its own brand. It also shows the impact of the Chinese market's relentless competition on the price of new EVs and batteries, which are the biggest single cost in a new vehicle.

Following regulatory constraints that forced Revolut to halt its crypto services in the United Kingdom, the fintech company is now introducing a new independent crypto trading platform for retail customers in the country. The platform, named Revolut X, allows trading of over 100 tokens with fixed 0% maker and 0.09% taker fees, regardless of trading volume. British retail customers can easily access the new platform using their existing authentication details.

The Solana Foundation awarded the main prize of this year's 9th hackathon, $50,000, to the Ore crypto project. Ore is a proof-of-work Solana-native initiative that allows people to mine on Solana using POW. With more than 8,300 participants from 95 countries submitting a total of 1,071 projects, the focus was mainly on infrastructure, gaming, DePIN, and DeFi areas.

According to the latest HCOB PMI® surveys, the euro area economic recovery continued to make progress at the beginning of the second quarter, as overall business activity growth accelerated to an 11-month high. Once again, the expansion was driven by the services sector, where output levels improved solidly and at a slightly faster pace than the average since 1998. An increase in new business inflows supported higher activity and the fastest pace of job creation in ten months, while business confidence remained strong.

Robinhood Markets' brokerage firm's crypto unit announced in a statement that on May 4th, it received a Wells Notice from the U.S. Securities and Exchange Commission, indicating that the authority has made a preliminary decision to initiate enforcement proceedings against the crypto division for violating securities laws. However, the company's legal counsel firmly believes that the crypto assets available on their platform do not qualify as securities under the law.

NewsThe world's first all-electric robot, the Tiangong humanoid robot, was developed by the Beijing Humanoid Robot Innovation Center Company and unveiled on May 4 at the Zhongguancun 2024 event in Beijing's Economic and Technological Development District, reports the Society of Interested Engineers. The fully electric robot combines advanced sensor and motion control technologies.The robot is not very big - it is only 1.63 metres tall and weighs 43 kilograms - but it can travel at a speed of 6 kilometres per hour. The machine is equipped with a range of sensors for visual perception and 3D vision, as well as a high-precision six-axis force sensor for accurate force feedback. Perhaps the most remarkable feature of the Tiangong is its processing capacity, which reaches 550 trillion operations per second. The Tiangong humanoid robot is designed to be agile and adaptable - which it can do with the help of its electric drives. These actuators allow the robot's head, arms and legs to move in multiple directions. The robot learns to move using a technology called "State Memory-based Predictive Reinforcement Imitation Learning". This method is based on reinforcement learning - that is, the robot learns how to move naturally and efficiently by trial and error. The "State Memory" part of the above terminology means that the robot can remember and analyse its previous movements, so it can make predictions about its next movements.This learning process allows the robot to perform natural running movements and even navigate complex terrain such as slopes and stairs without visual input. Tiangong can therefore anticipate and react appropriately to different physical obstacles without being able to see them.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true"...

Analysts say global gasoline demand growth could halve in 2024, squeezing refiners' margins in the second half of the year, driven by the switch to electric cars in China and the US and a return to normal consumption after last year's jump following COVID-19. Demand is expected to rise by 340,000 barrels per day (bpd) to 26.5 million bpd this year, the lowest growth since 2020, down from 700,000 bpd growth last year, as China nears its peak in transport fuel demand and the US exceeds it, according to consultancy Wood Mackenzie.

Boeing is now grappling with a surge in whistleblower claims, following the tragic deaths of two individuals, raising serious concerns about safety and transparency within the company. The recent passing of a second whistleblower, Joshua Dean, 45, adds to the growing unease surrounding Boeing's operations. Dean, a former quality auditor at Spirit AeroSystems, one of Boeing's major suppliers, succumbed to a rapidly advancing infection on Tuesday morning. His death comes just two months after another whistleblower was reportedly found dead from a self-inflicted gunshot wound. These incidents have sparked fears among legal representatives that at least 10 other whistleblowers, who are pushing for reforms within Boeing, may be deterred from coming forward. The gravity of the situation cannot be overstated, as the lives and well-being of countless individuals hang in the balance.

NewsQUICK OVERVIEW Spot BTC and ETH ETF trading launched in Hong Kong Changpeng "CZ" Zhao sentenced to four months in prison MoonPay integrates PayPal service Michael Saylor introduces MicroStrategy's new decentralized identity protocol, MicroStrategy Orange Securitize successfully closes a $47 million financing round led by BlackRock ZkSNACKs discontinues Coinjoin Tether reports record profits for the first quarter of 2024 and invests $200 million in Blackrock Neurotech "Bitcoin Jesus" arrested Financial Institutions and Crypto BrokersOn May 3, Grayscale Investments recorded inflows for the first time in the GBTC asset. This turnaround comes after nearly four months of continuous outflows since January when it converted to a Bitcoin exchange-traded fund (ETF). Following approximately $17.5 billion in outflows, buyers dominated once again yesterday, purchasing a net $63 million worth of GBTC. Crypto payment startup MoonPay announced that users in the United States can now buy and sell over 110 cryptocurrencies using PayPal. Currently, about half of MoonPay's customers can take advantage of the integration, but the company plans to expand this feature to users in the United Kingdom and the European Union in the near future. Stablecoin issuer Tether Holdings Limited released its financial report for the first quarter of 2024, revealing a net profit of $4.52 billion, with total equity exceeding $11.3 billion. The majority of the profit came primarily from interest on US Treasury bonds, with the remaining portion from bitcoin and gold positions. Official trading of six Bitcoin and Ethereum spot ETFs has begun in Hong Kong. The newly debuted ETFs are managed by China Asset Management, Harvest Global, Bosera, and HashKey. According to data from the Hong Kong Stock Exchange, the ETFs processed approximately HK$ 87.5 million (US$ 11.2 million) in trading volume on the first day, well below analysts' expectations. This figure pales in comparison...

The multinational telecommunications provider Vodafone has announced its future plans to integrate blockchain technology into smartphones' SIM cards. The company expects that by 2030, there will be around eight billion smartphones in use, and during the same period, it predicts a surge in crypto wallets to 5.6 billion, making it essential to integrate SIM cards with blockchains and digital identities.

Cryptocurrency venture capital financing seems to be picking up again this year, as companies have invested over $4 billion in various startups over the past four months. The most popular investment areas include Ethereum restaking, DePINs (decentralized physical infrastructure networks), the Bitcoin ecosystem, and RWA (real-world asset) tokenization.

LayerZero Labs, the team behind a cross-chain communication protocol, announced that the snapshot for the upcoming airdrop has been taken, which will be distributed to community members and early adopters. The announcement highlighted that an allocated amount has been set aside for those engaging in excessive airdrop farming or sybil activities, provided they signal their involvement. Sybil activity refers to an individual using hundreds or even thousands of addresses to accumulate tokens with the sole purpose of passing them on shortly afterward.

Grayscale Investments recorded incoming capital on the GBTC asset for the first time on May 3rd. This turnaround occurred after nearly four months of continuous outflows since January when it converted into a Bitcoin exchange-traded fund (ETF). Following a total outflow of approximately $17.5 billion, buyers dominated again yesterday, purchasing a net value of $63 million worth of GBTC shares.

Someone lost approximately $71 million worth of bitcoin in a so-called address-spoofing attack, where the attacker mimicked the recipient address of the victim to deceive them into sending the assets to the wrong place. The hacker managed to acquire 1155 WBTC this way, exploiting the victim's carelessness.

Dutch investigators have arrested a man associated with ZKasino, a web3 decentralized gambling platform, on charges of fraud, embezzlement, and money laundering. Assets worth over $12 million were seized from the suspect's residence. Shortly after its launch, ZKasino altered its rules, preventing investors from withdrawing their ETH, resulting in approximately $33 million in damages for around 10,000 users.

US job growth slowed more than expected in April and annual wage growth cooled, but it is probably too early to expect the Federal Reserve to start cutting interest rates before September as the labour market remains fairly tight. Nonfarm payroll employment rose by 175,000 last month, the Labor Department's Bureau of Labor Statistics said Friday in its highly watched employment report. The March figures have been revised up, with the number of people employed rising by 315,000 from 303,000 reported earlier.

Sony Pictures Entertainment and Apollo Global Management have made a $26 billion cash offer for Paramount Global, according to the Wall Street Journal. The two companies filed a non-binding offer letter on Wednesday, signed by Sony Pictures CEO Tony Vinciquerra and Apollo partner Aaron Sobel, the WSJ reports, citing people familiar with the matter.

ZkSNACKs, after blocking access to Wasabi Wallet for US citizens last week, has now announced that it will shut down its Coinjoin service on June 1st, which provided anonymity for cryptocurrency transactions. Although Coinjoin operates differently from traditional mixers, its technology serves the same purpose, leading to its discontinuation to comply with US authorities.

The largest stablecoin issuer, Tether, has entered into a partnership with blockchain surveillance company Chainalysis to track transactions made with its tokens on secondary markets. The surveillance system will primarily assist in detecting illegal transfers and help Tether identify crypto wallets that may pose a risk or be associated with illegal or sanctioned addresses.

The number of Americans filing new claims for unemployment benefits remained steady at a low level last week, suggesting that the labor market is still fairly tight and will continue to support the economy in the second quarter. Economists largely dismissed other data released by the Labor Department on Thursday that showed worker productivity growth nearly stalled in the first quarter, noting that the trend in productivity remains solid. They also argued that it was a seasonal quirk that tends to skew gross domestic product and productivity lower in the first quarter.

Pantera Capital, a cryptocurrency venture capital firm with over $5 billion in managed assets, has announced its investment in The Open Network (TON), believing that the layer 1 blockchain has the potential to make cryptocurrencies accessible to the masses. TON can leverage Telegram's vast user base of over 900 million monthly active users for the expansion and development of the entire ecosystem.

MoonPay, a cryptocurrency payment startup, has announced that its users in the United States can now buy and sell more than 110 cryptocurrencies with the help of PayPal. Currently, approximately half of MoonPay's customers can take advantage of the integration, but the company plans to expand this opportunity to users in the United Kingdom and the European Union in the near future.

In Switzerland, the consumer price index (CPI) rose by 0.3% in April 2024 compared with the previous month, reaching 107.4 points. Compared with the same month of the previous year, inflation was +1.4%. These are the results of the Federal Statistics Office (FSO). The increase of 0.3% compared to the previous month is due to several factors, including the rise in international package tours and air fares. Furniture and furnishings and petrol also showed price increases.

Michael Saylor, CEO of MicroStrategy, introduced the company's new decentralized identity protocol, the open-source MicroStrategy Orange, at the annual conference held in Las Vegas. According to Saylor, anchoring digital identity to the Bitcoin blockchain is the most appropriate method, as it ensures the protection of data by the strength and security of the Bitcoin network. The protocol will be easily integrable into their own applications by developers with the help of the Orange software development kit.

Federal prosecutors are investigating Block, the company founded by Twitter co-founder Jack Dorsey, alleging that the company engaged in unlawful behavior at two of its main units, Square and Cash App. They claim that Block processed multiple crypto transactions for terrorist groups and failed to report the majority of credit card transactions, dollar transfers, and bitcoin-related transactions to the government as required.

Securitize, a leading player in the tokenization of real-world assets, announced the successful closure of a $47 million financing round led by BlackRock, with participation from Hamilton Lane, ParaFi Capital, and Tradeweb Markets. The fresh capital will be allocated to the company's ongoing innovation and expansion efforts, further solidifying its position in the digital asset securities ecosystem.

Tether Holdings Limited, the issuer of the stablecoin, released its financial report for the first quarter of 2024, revealing that the company achieved a net profit of $4.52 billion, with total net equity exceeding $11.3 billion. The majority of the profit primarily came from interest on U.S. Treasury bonds, with the remaining portion from bitcoin and gold positions. According to the document, the company holds U.S. Treasury bonds valued at over $90 billion.

New Zealand's unemployment rate rose more than expected in the March quarter, despite a sharp fall in the number of people participating in the labour market, bringing the Reserve Bank of New Zealand closer to cutting interest rates ahead of the US Federal Reserve. The labour market is softening, with unemployment rising sharply to 4.3%, above the 4.2% level expected and the 4% rate reported three months earlier. A year ago, unemployment was 3.4%.

Chiliz, a leading blockchain provider in the sports and entertainment industry, has announced that the "Dragon8" hard fork will be activated on the Chiliz Chain on May 21, 2024. With this update, they will introduce their revamped tokenomics model, version 2.0, which will include a structured annual inflation rate. A key element of this is the transaction fee burning mechanism, designed to provide a balanced incentive structure for both network validators and users to encourage long-term commitment.

Roger Ver, an early Bitcoin investor known as "Bitcoin Jesus" online, has been charged by US authorities with fraud, tax evasion, and filing false tax returns. He was arrested over the weekend in Spain. According to the indictment, in 2017, he concealed ownership of Bitcoin from the US tax authorities, causing a loss of $48 million. Ver was previously the CEO of a company developing digital wallets.

Changpeng "CZ" Zhao, the former CEO of Binance, has been sentenced to four months in prison after pleading guilty to money laundering charges back in November 2023 and agreeing to pay a $50 million fine. During the sentencing on Tuesday, Zhao apologized and said he wanted to take responsibility for his "mistakes." He also mentioned that Binance has implemented a Know Your Customer and anti-money laundering policy and is cooperating with the government.

According to data from the Hong Kong Stock Exchange, the six new spot Bitcoin and Ether ETFs processed approximately HK$87.5 million (US$11.2 million) in trading volume on their first day, significantly below analysts' expectations. This figure pales in comparison to the first-day trading volume of US$4.6 billion for 11 spot Bitcoin ETFs launched in the United States. The largest asset manager, China Asset Management (ChinaAMC), provided $121.7 million in assets under management (AUM) for its spot Bitcoin ETF by the end of the first trading day, while its spot Ether ETF had $20.4 million in AUM.

The Coinbase cryptocurrency broker finally introduces long-awaited support for the Lightning Network, providing users with a faster and cheaper way to conduct Bitcoin transactions. The Lightning Network, launched in 2017, is a Bitcoin layer 2 protocol aimed at solving scalability issues through bi-directional payment channels that enable off-chain, nearly instant, low-cost transactions without requiring immediate settlement on the base layer.

The gross domestic product (GDP) grew by 0.2% in the first quarter of 2024 compared with the fourth quarter of 2023 - after adjustment for price, seasonal and calendar variations - after falling at the end of 2023 (by a revised -0.5% in the fourth quarter of 2023 compared with the previous quarter; previously: -0.3%). The Federal Statistical Office (Destatis) also reports that the modest growth was due to an increase in gross fixed capital formation in construction and in exports. By contrast, there was a decline in household final consumption expenditure.

Chinese factory activity remained in expansion territory for the second consecutive month in April, the latest sign of an acceleration in the pace of economic recovery. The official manufacturing Purchasing Managers' Index (PMI), which measures sentiment among factory owners, was 50.4 in April compared with 50.8 in March, the National Bureau of Statistics (NBS) said on Tuesday. The reading remained above the 50 watershed level indicating expanding activity, after March's reading capped five consecutive months of contraction.

SHANGHAI/BEIJING (Reuters) -Tesla CEO Elon Musk arrived in Beijing on Sunday on an unannounced visit, where he was expected to discuss the rollout of Full Self-Driving (FSD) software and permission to transfer data overseas. The U.S. electric vehicle maker rolled out FSD, the most autonomous version of its Autopilot software, four years ago but has yet to make it available in China, its second-largest market globally, despite customer demand. Tesla has since 2021 stored all data collected by its Chinese fleet in Shanghai as required by Chinese regulators and has not transferred any back to the United States. Musk is looking to obtain approval to transfer data collected in the country abroad to train algorithms for its autonomous driving technologies. Tesla has sold more than 1.7 million cars in China since it entered the market a decade ago and the Shanghai factory is its largest globally.

The trading of six Bitcoin and Ethereum spot ETFs officially commenced in Hong Kong. Non-Hong Kong residents can also subscribe to or purchase ETF products if they meet local regulatory requirements, such as passing customer due diligence. The newly debuted ETFs are managed by China Asset Management, Harvest Global, Bosera, and HashKey. Currently, it appears that there is six times more interest in the spot BTC fund than in the spot ETH ETF.

In a statement released by the popular restaking protocol EigenLayer, it was revealed that they plan to launch their native token, Eigent, in May. The independent nonprofit Eigen Foundation will issue the token, with a total supply of 1.67 billion tokens at launch, 45% of which is intended to be distributed to the community, much to the delight of protocol stakers who can look forward to the airdrop.

Avalanche has announced a partnership with fintech company Stripe. Within their collaboration, Stripe will integrate into Avalanche Core Wallet, making it easier for users to purchase assets. Meanwhile, Avalanche's other partners, including the "Shrapnel" video game platform, have also indicated plans to utilize Stripe.

Turkey is negotiating a long-term LNG supply agreement with ExxonMobil to reduce its dependency on Russia. The potential deal involves 2.5 million tons of LNG annually for a decade, with an estimated yearly cost of nearly $1.1 billion. As a country with strong ties to Russia, Turkey is building a new supplier portfolio for its gas needs. Turkey has gas procurement contracts with several countries, including the United States. The goal is to diversify gas supply to address energy prices and ensure supply security.

Stablecoin issuer Tether's newly established Tether Evo venture arm has invested $200 million in biotechnology company Blackrock Neurotech, becoming its majority shareholder. The company develops devices for people with paralysis, loss of function, and neurological disorders, and the investment helps finance the commercialization of their medical solutions.

According to market researcher Nansen, the transaction volume of stablecoins Tether, USDC, and DAI has exceeded the monthly average transaction volume of Visa in 2023 over the past 30 days. Tether processed a trading volume of $654 billion, while DAI handled over $394 billion, and USDC transacted $321 billion, making the combined value of the three higher than the market-leading Visa's 2023 monthly average.

Deutsche Bank shares fell 5% early Monday after reports of a long-running lawsuit could cost the largest German lender up to 1.3 billion euros ($1.39 billion). The case comes as a blow to Deutsche, which reported better-than-expected results last week that boosted its shares. It's the latest in a series of problems that have emerged with the purchase of no-frills Postbank.

European traders are waking up to a jittery currency market after the yen reversed sharply from 160 per dollar on Monday, with some speculating that Tokyo could be behind the move while the country is on holiday. The yen's surge - which lifted the yen to 156.55/ dollar - came just hours after it slipped to the weaker side of 160/ dollar for the first time since 1990, a 34-year low.

NewsQUICK OVERVIEW The new EU crypto regulation has been accepted Archax tokenized one of BlackRock's funds on Hedera The SEC would fine Terraform Labs and Do Kwon $5.3 billion Strike bitcoin payment app launches services in Europe Immutable initiates a $50 million reward program The company behind MetaMask wallet sued the SEC after being accused of unauthorized broker-dealer activities The founders of Samourai Wallet were arrested, leading to Phoenix Wallet and Wasabi Wallet banning US users USA's Battle with CryptoOn Wednesday, federal prosecutors charged the founders of the coin mixer Samourai Wallet, Keonne Rodriguez and William Lonergan Hill, with conspiracy to launder money. The Samourai Wallet website and mobile app were blocked by US authorities. The arrest of Samourai Wallet's founders follows the arrest of the co-founders of Tornado Cash, an Ethereum-based mixer protocol. In both cases, DOJ prosecutors argued that the mixer service's deliberate profit from criminal use is sufficient for the charge of money laundering. Industry advocacy groups have advocated defenses to protect the freedom of speech of open-source developers. Phoenix Wallet, one of the most important Bitcoin wallets designed specifically for Lightning Network payments, announced that the wallet will be removed from US app stores on May 3, 2024, and US users are advised to empty their wallets. This announcement was followed by Wasabi Wallet, another open-source, privacy-enhancing Bitcoin wallet. The zkSNACKs development team announced that access to the wallet and other services will be suspended indefinitely for users from the United States. Both wallet developers were forced to make their decisions after the arrest of the founders of Samourai Wallet, which has similar privacy features, on charges of enabling money laundering. Consensys, the software company of Joseph Lubin, one of the co-founders of Ethereum, filed a lawsuit against the US Securities and...

Phoenix Wallet, one of the leading Bitcoin wallets designed specifically for Lightning Network payments, announced that the wallet will be removed from U.S. app stores on May 3, 2024, and advised U.S. users to empty their wallets. Following this announcement, Wasabi Wallet, another open-source Bitcoin wallet focused on enhancing privacy, also made a similar decision. The development team at zkSNACKs announced an indefinite ban on access to the wallet and other services for users from the United States. Both wallet developers were forced to make their decisions after the founders of Samourai Wallet, which operates with similar privacy features, were arrested midweek on charges of enabling money laundering.

On Wednesday, federal prosecutors charged Samourai Wallet founders Keonne Rodriguez and William Lonergan Hill with conspiracy to commit money laundering. U.S. authorities have blocked access to the Samourai Wallet website and mobile application. The arrest of Samourai's founders follows the arrest of the founders of Tornado Cash, an Ethereum-based mixer protocol. In both cases, DOJ prosecutors argued that profiting from the intentional use of mixer services by criminals is sufficient for charges of money laundering. Industry advocacy groups have presented defenses aimed at protecting the free speech rights of open-source developers.

Yuga Labs, co-founded by Greg Solano, has announced the necessity for the company's restructuring, involving painful decisions but essential for proper functioning. As part of the restructuring strategy, staff reductions were made to focus on a smaller, crypto-native team, prioritizing the development of 3D games for the Otherside project. Media veteran Won Kim has also joined the newly restructured team as the head of brand partnerships.

The Ethereum layer 2 network, Optimism, has fixed two critical vulnerabilities found on its testnet, just weeks after its competitor, Offchain Labs, reported the security flaws to the team. Optimism modified its timer handler code, successfully addressing the root cause of the issues that allowed malicious actors to manipulate the network's history.

Yao Qian, former head of the Chinese central bank's digital currency institute, is under investigation by Chinese anti-corruption authorities for suspected serious violations of discipline and law. The specific reasons are not yet known, but in April, Yao published an article discussing Bitcoin spot ETF products approved by the United States and suggesting further increases in the Bitcoin price.

Bitcoin miner Marathon Digital has announced plans to reach a fully financed hash rate of around 50 EH/s by the end of 2024, doubling from the beginning of the year. Recent acquisitions and machine orders will enable the company to double its mining operations' performance by the end of the year.

ByteDance expects to take legal action to prevent TikTok from being banned in the US, but even if that fails, it would not sell it. The owner ByteDance would rather shut down TikTok than sell it, several sources told Reuters. The parent company wants to use legal means to prevent the otherwise loss-making video-sharing company from being banned in the US, but even if that fails, it would not sell it to the US.

The Bank of Japan left its policy rate unchanged after Friday's monetary policy meeting, keeping the benchmark interest rate unchanged at 0%-0.1%. The BOJ also said it will resume bond purchases as decided in March. The bank said earlier in March that it had previously bought bonds worth about six trillion yen ($83.5 billion) a month.

NewsWestern democracies have long been suspicious of the service, for two reasons: fear of data collection and propaganda because of perceived or real Chinese state influence. The former implies that the service, which has a user base in the billions, sometimes knows intimate details about its users - although the abuse of this was only proven in the surveillance of two journalists.The latter is the fear that the Chinese owner may control what videos we see on TikTok, influencing our views on local or global politics and public issues. After what Russia tried to do on Facebook in the context of the 2016 US election, and has not given up such ambitions since, this may seem at best a pipe dream, but it is far from impossible. In line with this, several US states and institutions, and across the ocean, for example the European Commission, have banned tweets by their employees. A ban on the service seemed inevitable after the US House of Representatives' Commerce Committee unanimously passed a bill that would ban the platform if China's ByteDance did not sell its US interests in TikTok.It is not known what persuaded the fifty lawmakers in a closed session to decide on this in full consensus, but knowing the polarised nature of US politics, these had to be compelling arguments - not coincidentally, the senators asked, so far unsuccessfully, to make them at least partially public. But even this could not significantly slow down the entry into force of the law.Related categories RecommendedYou may also be interested in these articles![brbl_post_grid include_categories="current" order="DESC" post_count="3" post_padding="0px|0px|0px|0px|true|true" content_padding="0px|0px|0px|0px|true|true" image_height="200px" date_spacing="0px" date_icon_size="0px" date_icon_color="RGBA(255,255,255,0)" excerpt_spacing_top="0px" author_spacing="0px" author_icon_size="0px" author_icon_color="#ffffff" column_gap_x="30px" column_gap_y="0px"...

San Francisco-based Movement Labs has raised $38 million in a Series A financing round led by Polychain Capital. The project aims to address smart contract vulnerabilities and enhance transaction throughput by utilizing the Movement zero-knowledge layer 2 blockchain. Moreover, it seeks to introduce the Move Virtual Machine to Ethereum. Movement plans to launch its public testnet, Parthenon, in the coming weeks, with the mainnet slated for release by the end of the year.

The Federal Bureau of Investigation (FBI) has issued a warning to Americans advising them not to use services from cryptocurrency firms that are not registered as Money Services Businesses (MSBs) under federal law and do not comply with anti-money laundering regulations. The FBI also suggested that users check on the website of the United States Financial Crimes Enforcement Network (FinCEN) to see if a particular business is registered as a money services business.

Consensys, the software company founded by Joseph Lubin, one of the co-founders of the Ethereum blockchain, has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) in a federal court in Texas. The lawsuit aims to preempt an impending SEC lawsuit against the company over the popular MetaMask crypto wallet's functionalities and seeks an official declaration from the SEC that Ethereum's digital token, Ether, is not a security.

Web3 gaming platform Immutable has announced a $50 million reward program. Starting today, players can receive instant rewards by completing missions, playing games, and owning Immutable collections. The ecosystem boasts over 270 titles currently in development, including high-profile gaming projects such as Illuvium and MetalCore.

Franklin Templeton, an asset management company, has enabled peer-to-peer transfers of tokenized shares in its on-chain U.S. Government Money Fund. The fund's shares are represented by the BENJI token on the Polygon and Stellar blockchains. Franklin Templeton's fund, launched in 2021, was the first registered fund in the United States to use public blockchain for transaction processing and share ownership record keeping.