R2 money

According to Venezuela's attorney general office, government officials were running parallel oil operations with the assistance of the national crypto department. Venezuela's energy supplier has shut down crypto mining facilities throughout the country as part of a reorganization of the national crypto department and ongoing corruption investigations involving the country's oil company. According to local media reports, crypto mining companies, and tweets from Venezuela's National Association of Cryptocurrencies, mining facilities were shut down in the past days in the states of Lara, Carabobo and Bolívar. It is unclear how many crypto firms were affected. Some crypto exchanges were also ordered to cease operations. #ULTIMAHORA se confirma que fue solicitado el apagado de las granjas de mineria digital en el Estado Bolívar. Consideramos esta un medida arbitraria, qué va en contra de los intereses de la industria privada. — Asonacrip (Asociación Nacional de Cri...

Bitcoin NFT inscription activity continues to rise and the launch of new BTC specific marketplaces could lay the groundwork for the next hype cycle. Bitcoin NFT inscription activity has remained strong with consistency in the daily number of NFTs inscribed on Bitcoin. At the same time, the infrastructure to foster Bitcoin trading is finally coming together with the development of wallets and marketplaces supporting Ordinals. NFT marketplaces, Gamma and Magic Eden, added support for Bitcoin NFTs this week. While the initial response of traders has been subdued, the activity is expected to pick up soon. Improving the infrastructure around Bitcoin NFTs Bitcoin NFTs, also-known-as Ordinals, began with much fanfare in late January as they enhanced the utility and revenue of the Bitcoin blockchain. Dune dashboard from data analyst dgtl_assets shows that the Ordinals inscription activity remains robust, with nearly 580,000 NFTs inscribed in less than three months. Cumulative sum and ...

An indicator of European bank default risk soars and stocks tumble on March 24 amid renewed fears surrounding the financial system. European banks are going into the weekend with renewed fears surrounding their future, as shares of Deutsche Bank plunged  over 7% on the New York Stock Exchange on March 24, after a down day on Frankfurt's markets.  Deutsche Bank shares were impacted by an increase in the cost of insuring against its potential default risk. The German bank's five-year credit default swaps, known as CDS, climbed 19 basis points (bps) from the previous day, closing at 222 bps, according to Reuters, which cited S&P Global Market Intelligence data. On March 23, the bank's CDS rose to 173 bps from 142 bps the previous day. According to Investopedia, a credit default swap allows an investor to swap or offset their credit risk with another investor. Lenders concerned about a borrower's default often use a CDS to hedge that risk. During periods of uncert...

The Swiss crypto bank, however, would stick to its policy of not onboarding U.S. clients as they focus on its core target market. Zurich-based digital asset bank Sygnum is seeing an influx in inquiries from international crypto firms looking for new banking partners following the recent collapses of crypto-friendly banking giants in the United States. Dominic Castley, chief marketing officer at Sygnum, told Cointelegraph in an email that they are receiving more onboarding inquiries from crypto firms based in various jurisdictions looking to bank with them. He explained: “Over the past weeks, as the current banking industry events have unfolded, we have seen a significant increase in onboarding inquiries from various international locations, including a number from the UAE and the Middle East.” Castley added that the new onboarding inquiries are mainly coming from investors, asset managers and blockchain projects looking to diversify their crypto investments . He explained that the...

AI impacts everyday life: personal assistants, social media, healthcare, autonomous vehicles, smart homes and more! Artificial intelligence (AI) is becoming increasingly important in our daily lives. AI can automate routine and time-consuming tasks, allowing us to focus on more important activities. In addition, AI algorithms  can analyze vast amounts of data  to personalize products, services and experiences. Moreover, AI is driving innovation in various industries, such as finance, retail and education. Here are seven artificial intelligence examples in everyday life. Personal Assistants AI-powered personal assistants, such as Siri, Google Assistant and Amazon Alexa, are integrated into smartphones, smart speakers and other devices and can perform a wide range of tasks, from setting reminders and sending messages to playing music and controlling smart home devices. Social media Social media sites utilize AI to examine user preferences and behavior, sugg...

The crypto exchange claimed that none of its listed assets were considered securities, and any potential targeting of its wallet was based on a “misunderstanding" by SEC officials. Crypto exchange Coinbase said it received a 'Wells Notice' from the United States Securities and Exchange Commission recommending the regulator take enforcement action. In a March 22 blog post, Coinbase said the “legal threat” could potentially target the exchange’s staking program Coinbase Earn, listed digital assets, its wallet, or Coinbase Prime services. A Wells Notice letter typically warns a company that the SEC may follow with an enforcement action, but Coinbase provided no details other than “possible violations of securities laws.” “We asked the SEC specifically to identify which assets on our platforms they believe may be securities, and they declined to do so,” said Coinbase chief legal officer Paul Grewal. “Today’s Wells notice also comes after Coinbase provided multiple proposa...

The Israel-based firm raised capital for the first time since 2018, after failing to go public in 2022 through a SPAC merger. Trading platform eToro has secured $250 million in funding at a $3.5 billion valuation, the company announced on March 21. The Israel-based firm raised capital for the first time since 2018 after failing to go public last year through a special purpose acquisition company (SPAC) merger.  Participants in the round include ION Group, SoftBank Vision Fund 2, Velvet Sea Ventures, and some existing investors. According to eToro, the funding stems from an Advance Investment Agreement (AIA) entered in early 2021 as part of its proposed SPAC transaction. The AIA is a legal agreement between an investor and a company, under which the investor commits to investing in a company in the future. By signing an AIA, investors and the company agree on the key terms of the investment upfront. As for eToro, the investment would be carried forward two years after its sig...