Enterprise-grade blockchain platform Coti is set to transition protocol to become a scalable, privacy-focused layer-2 on Ethereum in 2024. An announcement shared with Cointelegraph outlines how Coti will shift from a standalone protocol to an Ethereum layer 2 to bring…
Category: Crypto Trends
Bitcoin dominance threatens ‘likely top’ despite BTC price eyeing $45K
Bitcoin (BTC) risks “rolling over” to cancel its latest uptrend, new analysis warns as altcoins surge. In a post on X (formerly Twitter) on Dec. 9, popular analyst and social media commentator Matthew Hyland flipped cautious on BTC price action.…
Kenyan crypto tax bill makes it through parliamentary committee
A bill defining crypto assets as securities and imposing capital gains tax on them has made it through a Kenyan parliamentary committee. It will be introduced to the lower chamber of parliament next. According to the Kenyan newspaper Business Daily…
AI assesses climate issues, falls short of full solution
Amid efforts by climate scientists and advocates to address environmental challenges, Google DeepMind Climate Action Lead Sims Witherspoon sees potential in artificial intelligence (AI), emphasizing the importance of framing the solution through thoughtful questioning. At the Wired Impact Conference in…
OKX launches crypto exchange, wallet services in Brazil
Cryptocurrency exchange and Web3 developer OKX announced the expansion of its services for users in the Brazilian market with a local crypto exchange and Web3 wallet platform. On Nov. 27, the company said it is focusing on providing a gateway to…
User claims $11M in Blur token rewards at NFT marketplace’s season 2 airdrop
A pseudonymous nonfungible token (NFT) trader made around $11 million in the recent airdrop reward distribution conducted by the NFT marketplace Blur. Dune analytics data showed that a wallet with the Ethereum Name Service (ENS) tag called “hanwe.eth” claimed a…
Meta dissolves responsible AI division amid restructuring
Social media giant Meta has reportedly disbanded its division responsible for regulating its artificial intelligence (AI) ventures as they are developed and deployed. According to a report, many team members of Meta’s responsible AI division have transitioned to roles within…
Why is the crypto market down today?
Price action across the cryptocurrency market is seeing downside in recent days, led by declines in top-ranking cryptocurrencies, Bitcoin (BTC) and Ether (ETH). As of Nov. 15, the crypto market’s net capitalization was down over 6% to $1.32 trillion when…
Indian Supreme court rejects crypto petition, highlights legislative nature
The Indian Supreme Court declined to consider a Public Interest Litigation (PIL) that aimed to establish regulations and a framework of guidelines for cryptocurrency trading in India. According to a report, the bench headed by the Chief Justice of India…
BNB Smart Chain scam losses dropped 75% in Q3: Report
Scams facilitated on BNB Smart Chain (BSC) decreased from $55.4 million in the second quarter of 2023 to $13.6 million in the third quarter, according to an AvengerDAO report contributed to by security firm HashDit. This represents a 75% drop…