SingularityNET (AGI) rallies 1,000% as industries aim to merge AI with blockchain

The internet has reshaped society over the past 40 years, and experts are predicting that digital technologies and artificial intelligence will continue to transform how humans interact with data for the foreseeable future. One AI-focused cryptocurrency project that has seen tremendous growth since the beginning of 2021 is SingularityNET and its talented humanoid robot named Sophia. AI developers can utilize the SingularityNET platform to create, share and monetize their services through its AI marketplace, which allows users to browse, test and purchase those services using SingularityNET’s native AGI token. Data…

Exodus Wallet Offers Shares Ahead of Coinbase IPO

Key Takeaways Crypto wallet company Exodus has begun to sell corporate shares after gaining approval from the SEC this week. The news comes ahead of upcoming stock offerings from Coinbase, Kraken, and Robinhood. Exodus has chosen to trade shares on its own platform rather than on a mainstream stock exchange. Share this article Crypto wallet company Exodus has begun to sell shares of its company stock, according to a recent press release. Exodus Begins to Offer Shares Exodus says that it received permission this week from the U.S. Securities and…

SEC approves Exodus wallet for Regulation A stock offering

Crypto wallet provider Exodus recently received the green light from the United States Securities and Exchange Commission, or SEC, to sell shares of its operation.  According to a public statement from Exodus on Thursday: “Exodus Movement, Inc., a Delaware corporation that has developed a leading non-custodial cryptocurrency software platform, received notice that the Securities and Exchange Commission has qualified its offering of Class A common stock under Regulation A.” The shares hit the market last night in the U.S., and are available through the wallet itself. For many years Exodus…

Paxful Says Bitcoin Buyers Are Safe From Data Breach

Key Takeaways A seller on RaidForums has attempted to sell data that supposedly originated from crypto exchange Paxful. Paxful says that the data is not user records from its exchange, but rather old employee records from a payroll site. Though Paxful’s account of the incident is likely correct, breaches of user data are quite commonplace. Share this article Peer-to-peer Bitcoin exchange Paxful says that its user data has not been leaked, despite claims to the contrary by an individual attempting to sell the supposedly stoen data. Stolen Data Is Not…

Crypto Analyst Expects “Escape Velocity” When Bitcoin Breaks $60K. Here’s Why

Bitcoin price is still stuck under $60,000 but unable to push any lower than $55,000. The tightening across the crypto market has been long and arduous but when $60,000 is finally broken, the crypto asset should reach what one analyst calls “escape velocity.” Here’s what the term means and what that could look like post-breakout of the key resistance level. Bitcoin Could Reach Escape Velocity After Breaking Above $60,000 Bitcoin price action has come to a critical impasse, either ready to explode to hundreds of thousands of dollars per coin,…

NFT gaming and a tsunami of trading volume lift Waves to a new all-time high

Nonfungible tokens (NFT) have handsomely rewarded early investors over the past few months, especially as they gained mainstream attention thanks to record-breaking digital art sales and well-known influencers like Paris Hilton throwing their support behind the sector.  April has seen the hype behind NFTs quiet down some, but the recent growth in Waves (WAVES) shows that there is still plenty of excitement remaining in the cryptocurrency community for newly released NFT projects. WAVES/USDT 4-hour chart. Source: TradingView Data from Cointelegraph Markets and TradingView shows that the price of Waves has…

Paxful denies reports of customer data leak

An anonymous online source was recently spotted trying to sell private customer and employee data allegedly obtained from crypto exchange Paxful. A spokesperson from the company told Cointelegraph that no customer data has been jeopardized, however. “Our customers’ data has not been compromised in any way,” said the spokesperson on Friday. “There has been no data breach of the Paxful platform,” they noted, adding: “The employee data that the person claims to have was obtained illegally from a third party supplier that Paxful previously used; Paxful terminated its contract with…

Amid developer drought, teams turning to hackathons to find talent

Amid a bull market for decentralized finance (DeFi) that has teams developing new products at a breakneck pace, the demand for smart contract developers couldn’t be higher — but, unfortunately, the amount of available talent couldn’t be lower.  Team members from multiple projects have taken to Twitter in recent weeks to gripe about the shallow hiring pool, including representatives from high-profile mainstays like Yearn.Finance and Sushiswap. The complaints come despite hefty incentive packages that include token allocations and generous salaries — but regardless of the carrots projects offer, there simply…

US isn’t prepared to regulate new industries like crypto, says Ripple CTO

David Schwartz, chief technology officer at Ripple Labs, says U.S. regulators’ response to the crypto industry may help XRP in the end but is also likely to hurt burgeoning companies. The Ripple CTO told Cointelegraph he believed many crypto and blockchain firms considering getting started in the United States or relocating from abroad face a deterring regulatory environment. He described U.S. regulators as “overlapping regimes” wherein bodies like the Securities and Exchange Commission, Financial Crimes Enforcement Network, and Commodity Futures Trading Commission might not come to a consensus as to…

HSBC Reportedly Blocking Investments in Key Bitcoin Advocate

HSBC, the world’s sixth-largest bank that has blocked customers from banking Bitcoin profits in the past, has allegedly classified Microstrategy as a “virtual currency product.” HSBC Blocks Clients, Again Microstrategy is a business analytics firm that has been encouraging businesses to adopt Bitcoin — most notably their influential founder and CEO Michael Saylor. Microstrategy has amassed enormous Bitcoin holdings consisting of more than 90,000 BTC. Tweets have surfaced with supposed screenshots of interactions (emails and live customer service chats) with HSBC customer service representatives. In these interactions, the bank is…