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The rise of meme coins in the cryptocurrency market has sparked debates among industry experts, with Chris Dixon from Andreessen Horowitz expressing apprehensions about the regulatory framework in the US. Dixon questions why meme coins, primarily used for humorous purposes and stemming from online communities’ in-jokes, are allowed to flourish while legitimate cryptocurrency companies and
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Blockchain analytics company Elliptic recently announced a groundbreaking development in the fight against money laundering in Bitcoin transactions. Through a collaboration with researchers from the MIT-IBM Watson AI Lab, Elliptic has successfully leveraged artificial intelligence to detect illicit proceeds and identify new patterns of money laundering activities. By utilizing a deep learning model, researchers were
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Recently, six Coinbase customers took legal action against the popular cryptocurrency exchange, Coinbase Global, along with its subsidiaries and CEO, Brian Armstrong. The class-action lawsuit, filed on May 5, makes the bold claim that the digital assets offered on Coinbase are, in fact, securities. This includes well-known tokens such as Solana, Polygon, Near Protocol, and
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Cardano founder, Charles Hoskinson, recently sparked interest in a potential partnership between Cardano (ADA) and Bitcoin Cash (BCH). Hoskinson initiated a poll to gauge public opinion on the idea of collaborating with Bitcoin Cash to enhance its performance through innovative technologies such as proof of useful work (PoUW), non-interactive proofs of proof-of-work (NIPoPoW), and Ergo
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