Putin Signs Law to Legalize Crypto Mining in Russia
In the past two years, Russia has partially adopted the foremost cryptocurrency, Bitcoin, and BTC mining, despite nearly banning them. On August 8, Russian President Vladimir Putin signed new laws that officially legalized Bitcoin and digital asset mining . From this point forward, a national register will determine the ability to mine BTC in Russia. […]
Uniswap Ethereum L2 Addresses Reach New High of 8.5M
Uniswap’s decentralized exchange saw roughly twice the amount of Ethereum layer-2 wallet addresses compared to June. Dune analytics data indicated that 8.5 million Ethereum addresses were transacting on Uniswap via L2s such as Arbitrum, Base, Optimism, Polygon, and ZKSync, representing a new all-time high. In June, Uniswap generated nearly $100 million in fees, making it […]
OKX to Suspend Accounts Engaging with Tornado Cash
OKX COO, Star Xu warned account holders that using Tornado Cash (TORN) will result in a suspension. The CEO of OKX has announced in a statement published on X that users who have been previously sanctioned will be prohibited from opening new accounts on the platform. Additionally, the crypto exchange will terminate the accounts of […]
Ripple Stablecoin RLUSD Begins Testing on Mainnet
On August 9, Ripple Labs reported the initial tests of its US dollar-pegged stablecoin, Ripple Labs’ Ripple USD (RLUSD), on the Ethereum mainnet and the XRP ledger (XRPL). The upcoming stablecoin, RLUSD, will be overcollateralized, meaning that each unit is supported by USD reserves or short-term cash equivalents in a bank at a 1:1 ratio […]
JPMorgan Integrates OpenAI’s ChatGPT in AI LLM Suite
JPMorgan Chase integrates OpenAI’s ChatGPT to support more than 60,000 employees with AI-driven LLM Suite. JPMorgan Chase, the largest bank in the United States by assets, has recently implemented a generative AI assistant known as LLM Suite. This implementation is a component of a more extensive initiative to incorporate cutting-edge AI technologies throughout the organization. […]