Crypto Account Manager

Ordinal inscriptions have quickly consumed Bitcoin’s available block space since their debut last year, a study by blockchain analytics firm Glassnode found. These text and image files act as “packing filler,” filling any remaining space in blocks after higher-value transactions are added, the study showed. Bitcoin’s Block Space: Monetary Transfers Overpower Inscriptions Though there’s been a surge in Ordinal inscriptions in 2023, a Glassnode study found that financial transactions remain the priority on Bitcoin’s blockchain. Glassnode researchers emphasized that “there’s little evidence inscriptions are pushing out monetary transfers.” “Inscriptions appear to be buying and consuming the cheapest available blockspace, and are readily displaced by more urgent monetary transfers,” the report states. Despite the increase, inscriptions account for about 20% or less of transaction fees paid to miners. The technology lets users add content to the Bitcoin blockchain using the Segwit d...

According to Yuga Labs, creators of the Bored Ape Yacht Club (BAYC), the team has partnered with the popular Japanese fashion brand A Bathing Ape, commonly known as Bape. They plan to unveil a new “irreverent collection” together at Apefest in Hong Kong this November. BAYC Partners With Fashion Brand Bape The Bored Ape Yacht Club is teaming up with streetwear company Bape for a new collection, Yuga Labs announced . Founded in 1993 by Nigo (Tomoaki Nagao) in Ura-Harajuku, Bape is a renowned Japanese fashion brand. The company operates 19 stores globally, offering men’s, women’s and children’s lifestyle and streetwear. “Together, the two brands have reimagined iconic designs from Bape’s deep archives and usher in a return to the golden age of streetwear collecting,” Yuga Labs said on September 25. “With one foot in Bape’s Ura-Harajuku roots and the other in the BAYC swamp, this collection offers Bape heads and BAYC members exclusive access to apparel and accessories that reflect thei...

Amazon, the worldwide tech behemoth, has announced that it will invest up to $4 billion in Anthropic, an artificial intelligence (AI) firm that has developed Claude, a generative AI assistant. As part of this strategic partnership, Anthropic will train its models on top of Amazon silicon, and Anthropic will make its models available through Amazon Bedrock. Amazon to Pour up to $4 Billion Into AI Model Company Anthropic Amazon, one of the leading tech companies in the world, has announced a strategic partnership with artificial intelligence (AI) firm Anthropic that includes an investment of up to $4 billion in exchange for a minority stake in the company. According to a press release issued by Amazon, Anthropic will now use Amazon Web Services (AWS) as its primary cloud services provider. Anthropic will also use Amazon-produced silicon, including its Trainium and Inferentia chips, to “build, train, and deploy its future foundation models, benefitting from the price, performance, sc...

Cryptocurrency exchange Binance is now accepting new registrations of Belgian users following an interruption caused by regulatory actions against it. In June, the trading platform was ordered to cease providing crypto exchange and custody services in the EU country. Binance Returns to Belgium 3 Months After Pausing Services Under Regulatory Pressure The world’s largest crypto exchange by daily trading volume, Binance, has resumed operations in Belgium, one of the European countries where it faced a regulatory crackdown in the past few months. This year the exchange found itself under increased scrutiny from authorities on both sides of the Atlantic. “Great news for our Belgian community,” Binance tweeted on Monday, announcing it has reopened registrations. In another post through its Belgian account on X, formerly Twitter, Binance said it has restored access to products and services for Belgian customers who have accepted its new Terms of Use. Dear Binancians We are delighted ...

Lawyers for Sam Bankman-Fried are making another attempt to have the disgraced FTX founder temporarily released from jail before his October trial, claiming he needs better access to prepare his defense properly. Lawyers Cite Bankman-Fried’s Indispensable Knowledge for Complex Trial Preparation In a letter to U.S. judge Lewis Kaplan filed Monday, Sam Bankman-Fried ’s attorneys argued that the current restrictions on meeting with their client at Manhattan’s Metropolitan Detention Center (MDC) are “not workable” for a case this complex. “This case is highly technical and complex, and we need our client to help us understand the facts and explain many of the issues,” lawyers state in the letter. “He alone knows the facts which are also critical in preparing his defense. Unfortunately, his knowledge and insight cannot be replicated by third-party experts as they are not familiar with the underlying facts and cannot provide the necessary help.” Bankman-Fried’s lawyers say they need mo...

Despite the role it has played in narrowing the financial inclusion gap, the e-naira central bank digital currency still poses a risk to financial stability. In addition to bolstering the financial inclusion rate, the central bank claimed that the CBDC would “widen the size and stability of banks’ deposit base.” Nigeria’s Financial Inclusion Rates According to a new Central Bank of Nigeria (CBN) study, the country’s nearly two-year-old e-naira central bank digital currency (CBDC) poses a risk to financial stability. This is despite the fact that such a digital currency can potentially help improve Nigeria’s “financial inclusion rate from 64.1 percent recorded in 2021 to the 95.0 percent target for 2024.” Launched in late October 2021, the e-naira, which was championed by former CBN governor Godwin Emefiele, has not been widely received by the Nigerian population. As previously reported by Bitcoin.com News in August 2022, there were fewer than one million downloads of the e-naira ...

Worldcoin, the biometric wallet and ID project, has reported that it has signed up more than 1% of the population of Chile. According to the organization, more than 200,000 Chileans are already using Worldcoin, a popularity uptick shared with other South American countries, including Argentina, where 9,500 Argentines verified their IDs in a day. Worldcoin Achieves Milestone in Chile; More Than 1% of the Population Reportedly Registered Worldcoin, the project that uses biometric iris scanning as “ proof of personhood ,” has reached a milestone in Chile. The organization reported having signed up 200,000 Chileans since its launch. With Chile having approximately 19.5 million residents, this means more than 1% of the population would have signed up to receive Worldcoin’s grant in the form of WLD, the native token of the protocol. This growth signals the popularity rise of the project in South American countries, that have shown interest in the proposal of the World ID app. Due to thi...