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Join Our Telegram channel to stay up to date on breaking news coverage Leading US investment bank JPMorgan announced recently that it intends to trial applications on blockchain technology and offer dollar-based settlements to Indian banks. With India becoming increasingly open to crypto, JPMorgan plans to experiment with blockchain, initially only in banks in India’s GIFT City. India has been steadily advancing toward full-scale #blockchain adoption, and JPMorgan’s latest initiative might offer a bump for realizing the goals. https://t.co/W0wZVwBtwT — Kendall (@KendallMcK88) March 30, 2023 The city is known for being an economic free trade zone, and it is actually on a similar level with major global financial centers, such as Abu Dhabi Global Market. JPMorgan launches blockchain-based USD accounts for Indian banks In its recent report, JPMorgan said that it intends to experiment by allowing banks to open on-chain Nostro accounts. They would be able to ...

Sky Mavis head of business development Kathleen Osgood told Cointelegraph that their goal is to onboard as many people into the ecosystem as possible. Sky Mavis, the team behind the popular blockchain game Axie Infinity, revealed that four gaming studios will be building and launching games on top of the Ronin network, sparking the creation of its own native gaming ecosystem.  In an announcement sent to Cointelegraph, Sky Mavis highlighted that they partnered with four gaming studios: Directive Games, Tribes, Bali Games and Bowled.io. In addition, the team also announced the Ronin blockchain’s shift into a delegated proof-of-stake (DPoS) consensus mechanism. Trung Nguyen, the CEO and co-founder of Sky Mavis, explained that: “With the upgrade to DPoS, we are ready to open up our infrastructure and technology to the wider Web3 world. We believe that this is the path towards creating gaming that’s community-centric, more rewarding, and above all, more fun.” Kathleen Osgood, the head of ...

The OpenAI-developed chatbot has continued to become a fixture in one of the largest tech companies in the industry. Now, Microsoft is expanding its integration of ChatGPT technology into its cybersecurity efforts. The newly announced Microsoft Security Copilot will take the impressive generative AI program and aid cybersecurity professionals. Moreover, the copilot will implement OpenAI’s GPT-4 for increased efficiency in the detection and prevention of cyber attacks. Source: Baotintuc ChatGPT Enters Cybersecurity Since its arrival in November of 2022, OpenAI ’s fantastic generative AI system has dominated the tech space. Subsequently establishing a market for AI-driven products and establishing a discourse around the booming industry, and its various benefits to a plethora of industries. Now, Microsoft has continued its integration of OpenAI’s ChatGPT technology, now utilizing it in the company’s cybersecurity efforts. Specifically, the tech giant announced a new Micro...

Leading cryptocurrency exchange Binance holds 86 trillion Shiba Inu tokens in its publicly disclosed wallets, according to data from Nansen. The overall worth of the SHIB tokens sitting on Binance’s publicly disclosed wallets is worth nearly $908 million. However, Shiba Inu remains to be minimal and less than 18% of all Binance holdings. Bitcoin, Ethereum, and USDT, among other cryptocurrencies, form a major chunk of the exchanges’ portfolio. Also Read: Shiba Inu: You Can Now Become a SHIB Millionaire With Only $10 Source: Nansen Binance ‘Holdings’ Apart From Shiba Inu Source: U.Today Binance holds $19 billion worth of USDT and $14.5 billion worth of Bitcoin. In addition, Binance also holds $7.5 billion worth of Ethereum, and $7.1 billion worth of BUSD, along with $3.2 billion in BNB. According to Nansen, Binance holds around $63 billion worth of digital assets in its publicly disclosed wallets. Shiba Inu comes under 18% of Binance’s holdings and remains to be smaller ...

The on-chain Analysis platform, Lookonchain, took to Twitter earlier this morning to share more about one of the largest Arbitrum (ARB) buyers. According to the post, the largest buyer of ARB on the first day of listing received 5 million ARB, worth about $5.73 million, from Binance just over eight hours ago. ARB transactions (Source: Loononchain) At the moment, this whale holds $9.94 million ARB. This is estimated to be worth $11.33 million currently. A recent thread by the Analysis platform also revealed that many whales are interested in accumulating ARB, with the top 5 biggest whales all buying more than 1 million tokens. ARB price (Source: CoinMarketCap) Today, ARB occupies the top spot on CoinMarketCap’s trending list, but unfortunately not for the best reasons. ARB is currently trading hands at $1.15 after an 8.66% drop in price over the last 24 hours. ARB also reached a low of $1.12 and a high of $1.27 over the same time period. Looking at ARB’s weekly p...

Join Our Telegram channel to stay up to date on breaking news coverage The Commodity Futures and Trading Commission (CFTC) has filed a complaint against Binance’s co-founder and CEO, Changpeng Zhao, and its former chief compliance officer (CFO), Samuel Lim. The lawsuit filed in the U.S. District Court for the Northern District of Illinois on Monday alleged that the platform knowingly offered unregistered crypto in the U.S., which is against federal laws.  The regulator claim that the Binance CEO, Zhao and Lim, violated eight core provisions of the Commodity Exchange Act. Some violations include laws that require controls “designed to prevent and detect money laundering and terrorism financing.” The complaint further stipulated that Zhao and Lim “actively cultivated lucrative and commercially important VIP users, including institutional customers, based in the United States.” Federal regulators sued Binance, the world's largest crypto trading...

Binance already has 25 employees in Georgia, and when its regional hub opens by the end of 2023, it plans to add “dozens more jobs.” Binance keeps growing its global reach by setting up a new blockchain hub in Georgia, which is friendly to cryptocurrencies. Binance announced on March 26 that it would open a brand-new blockchain hub in Georgia. Its goal is to encourage more people in the country to use cryptocurrency. Binance calls the hub a “Web3 outpost.” Its goal is to bring more talent to the blockchain industry in Georgia, improve education in the field, and make more jobs available. According to the announcement, Binance’s Georgia office has 25 employees who work with the public and private sectors in the area to put on educational and hackathon events. When the crypto company opens its regional hub in Georgia by the end of 2023, it plans to add “dozens” of jobs. Binance’s new regional hub is opening in Georgi...

Join Our Telegram channel to stay up to date on breaking news coverage Former Coinbase CTO, Balaji Srinivasan, has predicted that the US government will cut off access to Bitcoin in response to the ongoing “banking crisis.” Srinivasan made the prediction in a recent interview on the Bankless podcast, where he also discussed the potential collapse of US fiat banks and the devaluation of the US dollar. According to Srinivasan, a lot of US fiat banks “will go to zero,” and the US government will attempt to prevent individuals from leaving the financial system. He raised concerns about whether there will be enough time for people to access the Bitcoin exit before the government closes potential exits such as Silvergate , SVB , First Republic, and Signature. Nonetheless, he remains confident that Bitcoin will have ample protection from various governments worldwide.  He believes Bitcoin “will be protected by enough governments” around the w...

Join Our Telegram channel to stay up to date on breaking news coverage The CEO of Twitter, Elon Musk, has called out the US Federal Reserve for raising interest rates. Musk noted that an increase in deposit outflows was caused by investors shifting their money from low-interest savings accounts to money market accounts offering high interest rates. Twitter CEO concerned about interest rate hikes On March 23, the CEO of Twitter responded to a Twitter post on the Fed Chair’s remarks that the banking system was safe. In the post, Musk said that an increase in deposit outflows was caused by investors moving their money from saving accounts charging low-interest rates. A major driver of depositor flight is people moving money from low interest savings accounts to high interest money market (Treasury Bill) accounts. This foolish rate hike will worsen depositor flight. — Elon Musk (@elonmusk) March 22, 2023 “A major driver of deposit or flight is people moving ...

Mar 23, 2023 at 12:03 // Price Author Coin Idol Binance Coin (BNB) price is in an uptrend and rose to a high of $340 before pulling back. On March 22, buyers failed to maintain the uptrend. Binance Coin price long term forecast: bullish BNB is currently trading at $326.10 after selling pressure eased. The uptrend of the altcoin has started. On the plus side, BNB is likely to be rejected at the highs of $340 and $360. The value of the cryptocurrency will rise to a new high of $400 if the current resistance levels are broken. BNB is currently ris...

The Litecoin price prediction could set a bullish run if the market can attempt to climb above the moving averages. Litecoin Price Statistics Data: Litecoin price now – $84.54 Litecoin market cap – $6.2 billion Litecoin circulating supply – 72.5 million Litecoin total supply – 84 million Litecoin Coinmarketcap ranking – #14 LTC/USD Market Key Levels: Resistance levels: $105, $115, $125 Support levels: $65, $55, $45 LTCUSD – Daily Chart According to the daily chart, LTC/USD is running a little retracement move towards $85 with price growth of 2.22%. For the fact that the coin is recording a slight gain, the Litecoin price may begin to maintain a bullish movement within the channel if the coin can cross above the 9-day and 21-day moving averages. Therefore, traders can expect the price to continue to rise as soon as the bulls put more pressure on the market. Litecoin Price Prediction: Litecoin (LTC) May Consolidate to the Upside At the t...