This report will provide some essential and quick news about the cryptocurrencies happening worldwide.
1) Founder Of Ethereum Suggests A Recovery Fork To Combat Quantum Attacks
Founder Vitalik Buterin of Ethereum has said that the blockchain ecosystem is ready to face any quantum assaults by implementing a “recovery fork.” Buterin recently posted on his blog about the possibility of quantum computers becoming available soon, which raises concerns because hackers could potentially gain access to the machines…[continue reading]
2) Binance’s Lawsuit Verdict Is Reversed By The Appeals Court
Reviving a case against Binance, the biggest cryptocurrency exchange in the world, and its former CEO Changpeng Zhao and other officials, a recent judgment by the Second Circuit Court of Appeals reversed a lower court verdict. A number of cryptocurrency investors filed a lawsuit against Binance in April 2020, claiming that they bought EOS, TRX, ELF, FUN, ICX, OMG, and QSP, among other ERC-20 tokens…[continue reading]
3) UNI Price Decreases After The Uniswap Community Opposes The UNI V3 Fees Proposal
The UNI token price drops by 7% as the Uniswap community opposes the fee idea. Voters were cautious in their attitude toward governance, as around 60% of them voted against the idea. Despite strong market momentum, the Uniswap (UNI) price saw a significant decrease on March 9th, after the community’s rejection of the UNI V3 Fees proposal…[continue reading]
4) India Sets Aside $1.25 Billion To Accelerate The Development Of AI
The “IndiaAI Mission” has received its first funding of 10,300 crore rupees ($1.24 billion) from India’s highest decision-making body, the Union Cabinet. Over the next five years, the initiative hopes to support AI businesses and new developments…[continue reading]
5) Elon Musk’s Tesla Bitcoin Investment Accumulates An Unrealized Profit Of $230M
Following the launch of Bitcoin spot ETFs earlier this year on January 11, Elon Musk’s electric vehicle firm, Tesla, has made an impressive profit of more than $230 million from its investment in Bitcoin. On-chain investigators found this when they looked into Musk’s other company, SpaceX, and Tesla’s digital wallets; they discovered Bitcoin with a combined value of almost $1 billion…[continue reading]
6) Dubai’s RAK DAO And Tencent Cloud Partner To Encourage Crypto Startups
In order to support the expansion of startups via various programs, Tencent Cloud—the cloud services division of the Chinese multinational corporation Tencent—and the crypto-focused free economic zone in the United Arab Emirates inked a Memorandum of Understanding (MoU)…[continue reading]
7) The $874M FTX And Alameda Settlement May Restore Unity To BlockFi Customers
Clients of BlockFi are about to see a major upturn in their financial situations. Assuming court approval, BlockFi stands to gain as much as $874 million from an arrangement it reached with FTX and Alameda Research after lengthy discussions…[continue reading]
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