The city of Tbilisi in Georgia has lots of crypto startups and crypto ATMs, and it’s dotted with small-time “exchanges” that are essentially money changers with a Binance account. Visitors from nearby Russia often use crypto for payments here, as their bank cards don’t work outside Russia due to sanctions. The ease of electronic payments in the city poses competition for crypto, as does the government’s digital lari CBDC plan, but at least 200 businesses accept crypto at point of sale. City: Tbilisi Country: GeorgiaPopulation: 1.2 millionFounded: 445Most Common Languages: Georgian, English, Russian Jump to: Crypto culture, Projects and Companies,…
Author: Crypto Flexs
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CEX.IO voluntarily ceased operations in the UK last year after new rules were introduced. Key ContentsCEX.IO may have met the regulatory requirements of the Financial Conduct Authority (FCA), the UK’s financial regulator.In October last year, the FCA introduced new financial promotion regulations that set out stricter guidelines for promoting cryptocurrencies.To comply with FCA regulations, CEX.IO was required to partner with Gateway 21, an FCA-authorized financial promotion agency. CEX.IO may have met the regulatory requirements of the Financial Conduct Authority (FCA), the UK’s financial regulator, meaning the once popular centralized cryptocurrency exchange can now resume operations in the UK after previously…
Infinit, a DeFi abstraction protocol, has raised $6 million in a funding round led by Electric Capital, Mirana Ventures, Hashed, and Maelstrom, the family office of Arthur Hayes.Other investors include Lightspeed Faction, Nomad Capital, Robot Ventures, Tangent, and Presto Labs.The project said it plans to use the newly raised funds to improve its infrastructure and provide a more seamless experience for DeFi protocol developers. According to a statement shared with The Block, Infinit, which supports end-to-end DeFi infrastructure, already powers 12 apps across three chains, including protocols such as INIT Capital, Ethena, and ZeroLend.Infinit aims to simplify the process by…
contributor Posted: September 12, 2024 At the time of writing, SOL appears to be bullish, on the verge of breaking out of a significant level. If SOL closes the daily candle above $138.2, it could see a price surge of more than 33%, reaching the $185 level. Amid the recent bear market, major cryptocurrencies have shown signs of recovery after their price plunges in recent days. Meanwhile, on September 12, the wallet address “H4yiPh” associated with the bankrupt FTX/Alameda unstaked 177,693 Solana (SOL) tokens, worth $23.75 million. FTX/Alameda Wallet, SOL Staking Unlocked According to Lookonchain, the company has withdrawn a…
Rebecca Moen 12 Sep 2024 09:45 The UK has introduced legislation to classify cryptocurrencies and NFTs as personal property, strengthening legal protections for their owners and clarifying their legal status. The UK government has taken a significant step towards clarifying the legal status of cryptocurrencies and non-fungible tokens (NFTs) by introducing the Property (Digital Assets, etc.) Bill. The draft bill, which was introduced to Parliament on 11 September 2024, aims to classify digital assets as personal property for the first time, alongside traditional assets such as gold and cars. Landmark development The introduction of…
Jessie A Ellis 12 Sep 2024 13:38 OpenAI will release Project Strawberry, an advanced AI inference model for ChatGPT, within two weeks, promising improved interaction and problem-solving capabilities. OpenAI is set to release its next-generation AI inference model, known as Project Strawberry, within the next two weeks. This anticipated release represents a significant advance in ChatGPT’s capabilities, promising to improve how AI interacts with humans by enabling more complex reasoning and problem-solving capabilities. Project Strawberry: What to Expect According to multiple sources, including The Information and CoinTelegraph, Project Strawberry is designed to allow ChatGPT…
Bitcoin (BTC) was volatile on Wall Street on September 12, as recent U.S. macroeconomic data showed mixed signals on inflation.BTC/USD 1-hour chart. Source: TradingViewFed Rate Cut Bet Remains Despite Mixed DataAccording to data from Cointelegraph Markets Pro and TradingView, BTC/USD is down below $58,000, but is still showing slight gains on the day.The U.S. producer price index (PPI) in August rose 0.3% month-on-month, slightly beating expectations, but came in at 2.4% for the year, below expectations.”We saw a similar theme in CPI inflation, where annual and monthly inflation paint different pictures,” trading resource The Kobeissi Letter wrote as part of…
Despite the DOGS token breaking records, a crypto executive has warned that the token’s accessibility could ultimately lead to its downfall in the long run.On September 10, the TON community page on Telegram announced that 17 million users had claimed the airdrop for The Open Network’s Dogs (DOGS) memecoin. The platform called the event the largest token generation event in cryptocurrency history. According to the platform, the Dogs Mini app already has 53 million users, 42.2 million of whom are eligible to receive the airdrop. With 4.5 million unique wallets holding DOGS, a Telegram community account claimed that “the only…
Bitcoin Bitcoin +2.28% Regardless of the outcome of the U.S. presidential election on November 5, the year could end at a new all-time high.According to Standard Chartered’s Jeff Kendrick,“I think bitcoin will end the year at a new all-time high regardless of who wins the U.S. election. If Trump wins, it will be $125,000, if Harris wins, it will be $75,000,” the bank’s head of foreign exchange and digital asset research said in an email Thursday.The Standard Chartered analyst added that the US presidential election has less of an impact on Bitcoin’s future trajectory than if Joe Biden had been…
Louisa Crawford September 12, 2024 10:42 The UAE has announced a new regulatory framework for virtual assets, aimed at strengthening compliance and encouraging innovation in the cryptocurrency industry. The United Arab Emirates (UAE) is taking a major step towards solidifying its position as a global leader in the virtual asset sector. The Securities and Commodities Authority (SCA) and Dubai’s Virtual Asset Regulatory Authority (VARA) recently announced a comprehensive regulatory framework aimed at improving the operating environment for Virtual Asset Service Providers (VASPs) across the region. This strategic move, which will be formalized on September…