AI
Artificial Intelligence (AI), a branch of computer science, is concerned with developing computers capable of doing tasks that would typically need human intelligence. Such tasks include learning from and adjusting to new facts or situations, reading human language, discovering patterns, problem-solving, and decision-making.
Binance NFT Adds Polygon Network Support for Marketplace Trading
Binance NFT has expanded its marketplace by adding support for Polygon network, allowing users to trade NFTs using their Binance accounts. However, only selected ERC-721 NFT Collections on the Polygon network are currently available on the platform, with more to be integrated regularly. Binance also tightened its rules on NFT listings, delisting those with daily trading volume lower than $1,000 and limiting the number of NFTs artists can mint per day. Binance is also exploring AI with the launch of its AI-powered NFT generator, "Bicasso," which minted 10,000 NFTs in just 2.5 hours.
Transform Ventures Co-Invests in Alpha Transform Holdings to Accelerate Blockchain Investment
Transform Ventures has co-invested in Alpha Transform Holdings, a new holding company aiming to support the blockchain ecosystem through investments via two new funds. The merger of select assets from Transform Ventures and Alpha Sigma Capital’s parent company will amount to $100 million in assets under management, with a focus on delivering suites of products under asset management, Alpha Transform products, and Alpha Transform strategies.
Bitcoin Ordinals: Controversial but Here to Stay
Bitcoin Ordinals, the ability to permanently store data on the Bitcoin blockchain, are a controversial topic within the cryptocurrency community. However, builders and CEOs of Bitcoin-focused companies see potential for the technology, despite concerns over blockchain congestion and offensive content. Ordinals offer a new use case for the Bitcoin network beyond peer-to-peer cash, allowing for permanent and censorship-resistant storage of culturally significant events and data.
Argo Blockchain Increases Daily Bitcoin Production Despite Network Difficulty Spike
Argo Blockchain increased its daily Bitcoin production to 5.7 BTC per day in February, up from 5.4 BTC per day in January, despite a 10% increase in network difficulty.
Thailand Waives Taxes on Investment Tokens
Thailand's cabinet has agreed to waive corporate income tax and VAT for companies issuing investment tokens, encouraging alternative capital raising in addition to conventional methods. The government hopes to generate 128 billion Thai baht from investment token offerings over the next two years.
DeFiChain To Sponsor the National Fighting Championship in Germany
DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is delighted to announce that its community has voted to sponsor the National Fighting Championship (NFC) this year. The NFC is the German version of the widely known UFC, in charge of the mixed martial arts (MMA) fighting league in Germany.
Pakistan Banks Develop Blockchain-based KYC Platform
The Pakistan Banks’ Association has signed a contract to develop Pakistan’s first blockchain-based national eKYC banking platform aimed at strengthening anti-money laundering capabilities while countering terror financing. The blockchain platform will also improve operational efficiencies, mainly focused on improving customer experience during onboarding.
Iran Completes Pre-Pilot Phase for Digital Rial
Iran's central bank has completed a pre-pilot phase for its digital rial, according to an official statement by the Monetary and Banking Research Institute. The CBDC will align with the rules governing the national currency, the Iranian rial, and be distributed among individuals and banks. Ten banks have applied to join the project, and all banks and credit institutions in Iran are expected to start offering electronic wallets for the digital currency.
Binance Launches Joint Anti-Scam Campaign
Binance has launched a "Joint Anti-Scam Campaign" in Hong Kong in cooperation with local law enforcement agencies. The initiative involves issuing targeted alerts to potential victims of scams to prevent them from falling victim to fraudulent activity. Binance intends to expand the campaign to other jurisdictions.
Fox Renews Dan Harmon Krapopolis for Third Season Amid NFT Tie-Up
Fox has renewed the animated comedy series, Krapopolis, for a third season before its first season even airs. Produced by Fox Corp’s NFT firm Blockchain Creative Labs, the show features NFTs called “Krap Chickens” that depict cartoon chicken avatars in the same art style as the show, and holders are given exclusive access to experiences, content, rewards, and voting rights on certain aspects of the show. In other NFT-related news, Baobab Studios sold out its first collection of 8,888 NFTs just nine hours after launch, and Flare welcomed its first NFT platform after Sparkles went live. Additionally, Square Enix’s NFT-friendly CEO, Yosuke Matsuda, is stepping down after nearly 10 years at the helm.