Pedity(PEDI)

Controversial crypto platform Prometheum continues to signal its seriousness about moving forward as the industry's sole U.S. special-purpose crypto broker-dealer, having now hired a chief financial officer with a Wall Street pedigree from the likes of Morgan Stanley and Goldman Sachs Group Inc.

The new offering will expedite the process of large and non-standard transactions.

In the ongoing pursuit of effective blockchain scaling solutions, an intriguing alternative has caught the eye of the blockchain community. Arbitrum, a cutting-edge scalability solution crafted to boost the performance of major blockchains such as Ethereum, has garnered substantial attention for its capacity to expedite transaction execution. With the integration […]

Jimmy Wales, the co-founder of the largest free-content reference website, has received backlash from crypto pundits on the X platform after comparing Bitcoin’s reliability to the traditional banking systems.

Replace-by-fee (RBF) is a feature in Bitcoin that allows users to replace an unconfirmed transaction with a higher fee to expedite confirmation.

U.S. lawmakers Senator Cynthia Lummis (R-Wy.) and Rep. French Hill (R-Ark.) have urged the Department of Justice to "expeditiously conclude" investigations and reach a decision on charging Binance and Tether for aiding terrorism financing for Hamas.

Renowned pro-Ripple lawyer John Deaton has weighed in on the complex dynamics surrounding the XRP lawsuit and the potential for an expeditious appeal by the U.S. Securities and Exchange Commission (SEC).

FTX debtors announce upcoming Customer Shortfall Settlement, aiming to settle property disputes and expedite Revised Plan approval.

Despite coming up short of his goal, crypto trader Thomas Kralow said the crypto-funded expedition was all about two things: “Bitcoin and happiness.”

Bankman-Fried had previously complained about lockup conditions in prison, with lawyers pushing for his temporary release on weekdays.

Binance, the renowned global crypto exchange, has expanded its footprint by introducing its payment solution, Binance Pay, to the Brazilian market. According to a press release from the firm, the project's launch aims to revolutionize how Brazil-based merchants process transactions by offering a viable crypto payment alternative. The surge in the adoption of cryptocurrencies in Brazil has been notable, with a growing number of consumers and businesses exploring digital assets for both investments and everyday transactions. Recognizing this trend, Binance's strategic move is anticipated to further fuel the integration of cryptocurrencies into the country's mainstream commerce. Brazil's Push for Crypto Adoption Binance Pay promises merchants a plethora of advantages, most notably the benefit of low transaction fees. This feature can significantly enhance the profitability of businesses, especially those operating with thin margins. Additionally, the platform boasts real-time processing, which could drastically reduce the waiting times traditionally associated with financial transactions. This expedited processing can lead to swifter business operations and improved customer satisfaction. While the global acceptance of cryptocurrencies is still a topic of debate, there's no denying their transformative potential in specific markets. Brazil, with its dynamic economy and tech-savvy population, appears to be a ripe environment for such innovations. The country has also passed its crypto bill sometime in late 2022, with the country's own CBDC (central bank digital currency) already a work in progress. Binance Pay's launch in Brazil not only underscores the company's commitment to global expansion but also reflects its belief in the long-term viability of cryptocurrencies as a standard payment medium. Use and Integration To use Binance Pay for purchases in Brazil, consumers follow a procedure akin to the fiat payment system, Pix. Merchants can incorporate Binance Pay into their payment process. Payments can be made via web checkout or the Binance App by scanning a QR code. At each transaction, customers choose which cryptocurrency in their wallet to use. Merchants interested in using the service can access Binance Pay directly. With Binance Pay making its services available in Brazil, local merchants in the country now have access to an advanced payment solution that can potentially reshape the commercial landscape by enabling a crypto-based payment platform to connect with their customers and clients. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Binance, the renowned global crypto exchange, has expanded its footprint by introducing its payment solution, Binance Pay, to the Brazilian market. According to a press release from the firm, the project's launch aims to revolutionize how Brazil-based merchants process transactions by offering a viable crypto payment alternative. The surge in the adoption of cryptocurrencies in Brazil has been notable, with a growing number of consumers and businesses exploring digital assets for both investments and everyday transactions. Recognizing this trend, Binance's strategic move is anticipated to further fuel the integration of cryptocurrencies into the country's mainstream commerce. Brazil's Push for Crypto Adoption Binance Pay promises merchants a plethora of advantages, most notably the benefit of low transaction fees. This feature can significantly enhance the profitability of businesses, especially those operating with thin margins. Additionally, the platform boasts real-time processing, which could drastically reduce the waiting times traditionally associated with financial transactions. This expedited processing can lead to swifter business operations and improved customer satisfaction. While the global acceptance of cryptocurrencies is still a topic of debate, there's no denying their transformative potential in specific markets. Brazil, with its dynamic economy and tech-savvy population, appears to be a ripe environment for such innovations. The country has also passed its crypto bill sometime in late 2022, with the country's own CBDC (central bank digital currency) already a work in progress. Binance Pay's launch in Brazil not only underscores the company's commitment to global expansion but also reflects its belief in the long-term viability of cryptocurrencies as a standard payment medium. Use and Integration To use Binance Pay for purchases in Brazil, consumers follow a procedure akin to the fiat payment system, Pix. Merchants can incorporate Binance Pay into their payment process. Payments can be made via web checkout or the Binance App by scanning a QR code. At each transaction, customers choose which cryptocurrency in their wallet to use. Merchants interested in using the service can access Binance Pay directly. With Binance Pay making its services available in Brazil, local merchants in the country now have access to an advanced payment solution that can potentially reshape the commercial landscape by enabling a crypto-based payment platform to connect with their customers and clients. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The legal team for Binance.US filed a motion for a protective order on Aug. 14, claiming it was necessary to protect the firm from the SEC’s “fishing expedition” during discovery.

Binance previously roped in a former prosecutor at the US DOJ to represent the firm in the legal battle against the SEC.

The exchange claims the SEC's deposition and discovery requests are outside the scope of the regulators lawsuit it filed against Binance.

Zug, Switzerland, August 10th, 2023, ChainwireSynesis One, the world’s first AI data crowdsourcing platform on the Solana Blockchain, announced today the launch of its new Train2Earn App ‘Workspace by Synesis’ on iOS, Android, Saga, and web browsers. The App allows anyone, anywhere in the world to train AI and earn rewards.“The Workspace App is a significant leap forward in our mission to provide high quality data to companies developing AI applications,” said Paul Lee M.D., Cofounder and CEO of Synesis One. “We designed the Synesis One platform to connect companies that need quality AI training data with digital workers who can generate the data quickly, and at competitive prices.”The need for high-quality data to train and refine AI models is growing at an exponential rate, as nearly every industry from financial services to health care is starting to integrate AI into their business processes. Without data, AI models are basically useless: they can't make connections or find patterns or make predictions. That’s why humans are still needed to train AI systems.“We’re a bit like Wikipedia,” says Paul. “Synesis One workers are contributing and refining data every day. But unlike Wikipedia, our contributors are paid for their contributions. That's why we call our business model Train2earn. They train AI and earn rewards.”The applications for Synesis One are limitless. “Train2Earn is the first enterprise-quality on-chain software where business logic is conducted entirely on blockchain,” said Synesis One Head of Product and CTO David Saccon. “This means the provenance of our crowdsourced data is fully traceable and auditable. We believe we are providing a critical component for a new type of open data supply chain to power AI applications.”In addition to crypto payments, the Train2Earn platform also uses the blockchain to enable a public voting process in which contributors reach consensus about the quality of the submitted data. The result is a web3 application that is secure, decentralized, and interoperable.Synesis One’s first client is Mind AI, which is building an advanced natural language reasoning engine. The Synesis One community is helping their team of computer scientists crowdsource the 'mental map' the engine needs to make sense of the world. By training the engine, contributors are also helping humanity achieve the goal of general artificial intelligence.The Train2Earn mobile app is now available for download on the App Store, Google Play Store, and Saga phone App marketplace.For more information about Synesis One and the Train2Earn mobile app, please visit www.synesis.one.About Synesis OneSynesis One was founded in 2021 to crowdsource data needed to train a conversational reasoning engine for sister company Mind AI. The platform connects corporate clients in need of AI training data with crowdsourced human intelligence to provide it. The company raised $9.5 million to fund development of the platform and data ecosystem.For more information: Website | Telegram| Twitter| Medium | DiscordContactHead of GrowthIsaac BangSynesis [email protected]

Zug, Switzerland, August 10th, 2023, ChainwireSynesis One, the world’s first AI data crowdsourcing platform on the Solana Blockchain, announced today the launch of its new Train2Earn App ‘Workspace by Synesis’ on iOS, Android, Saga, and web browsers. The App allows anyone, anywhere in the world to train AI and earn rewards.“The Workspace App is a significant leap forward in our mission to provide high quality data to companies developing AI applications,” said Paul Lee M.D., Cofounder and CEO of Synesis One. “We designed the Synesis One platform to connect companies that need quality AI training data with digital workers who can generate the data quickly, and at competitive prices.”The need for high-quality data to train and refine AI models is growing at an exponential rate, as nearly every industry from financial services to health care is starting to integrate AI into their business processes. Without data, AI models are basically useless: they can't make connections or find patterns or make predictions. That’s why humans are still needed to train AI systems.“We’re a bit like Wikipedia,” says Paul. “Synesis One workers are contributing and refining data every day. But unlike Wikipedia, our contributors are paid for their contributions. That's why we call our business model Train2earn. They train AI and earn rewards.”The applications for Synesis One are limitless. “Train2Earn is the first enterprise-quality on-chain software where business logic is conducted entirely on blockchain,” said Synesis One Head of Product and CTO David Saccon. “This means the provenance of our crowdsourced data is fully traceable and auditable. We believe we are providing a critical component for a new type of open data supply chain to power AI applications.”In addition to crypto payments, the Train2Earn platform also uses the blockchain to enable a public voting process in which contributors reach consensus about the quality of the submitted data. The result is a web3 application that is secure, decentralized, and interoperable.Synesis One’s first client is Mind AI, which is building an advanced natural language reasoning engine. The Synesis One community is helping their team of computer scientists crowdsource the 'mental map' the engine needs to make sense of the world. By training the engine, contributors are also helping humanity achieve the goal of general artificial intelligence.The Train2Earn mobile app is now available for download on the App Store, Google Play Store, and Saga phone App marketplace.For more information about Synesis One and the Train2Earn mobile app, please visit www.synesis.one.About Synesis OneSynesis One was founded in 2021 to crowdsource data needed to train a conversational reasoning engine for sister company Mind AI. The platform connects corporate clients in need of AI training data with crowdsourced human intelligence to provide it. The company raised $9.5 million to fund development of the platform and data ecosystem.For more information: Website | Telegram| Twitter| Medium | DiscordContactHead of GrowthIsaac BangSynesis [email protected]

Prominent stablecoin issuer Circle announces the launch of its Web3 Programmable Wallets public beta version for developers on three blockchains. The First Product of Circle’s Web3 Services Line On Tuesday, August 8, 2023, global fintech company Circle, known for its USDC stablecoin, announced the launch of Programmable Wallets, the first product of the platform’s Web3 Services product line. The public beta version of Programmable Wallets is now available for businesses, developers, and builders. The product currently supports Ethereum, Polygon, and Avalanche networks, with other chains coming soon. Programmable Wallets allows developers to seamlessly integrate secure crypto wallets into any application, thus expediting the adoption of Web3 and blockchain technologies. “​​Programmable Wallets bridge the gap between today’s internet and blockchain networks by abstracting complexities such as private key security, blockchain node operations, transaction management, interoperability across blockchains, and many others to enable developers to iterate on applications faster,” reads the statement on the Circle’s website. One of Programmable Wallets’ key features is that it gives developers the freedom to customize the crypto wallet experience to best fit their use case. This helps greatly increase customer satisfaction because different types of apps (DeFi, games, e-commerce, etc.) will use their crypto wallet in different ways. Programmable Wallets offers a self-service, end-to-end solution, enabling developers to register, build, and implement their first wallets and transactions within minutes. The developer console provides all the necessary tools for debugging, launching, and scaling Web3 applications. According to the company’s press release, these are the core features of Programmable Wallets: User-controlled wallets: gives end-users full control of their assets; Developer-controlled wallets: allows developers manage assets on behalf of users; REST APIs manage both user-controlled and developer-controlled wallets; iOS and Android SDKs speed up development processes and facilitate wallet UI customization; Webhooks keep users updated on their incoming or outgoing transactions; Wallet operations dashboard enables developers to monitor transactions; Multiparty computation (MPC) is a built-in cryptographic security configuration; Blockchains Agnostic allows to build a wallet once and use it across different blockchains; Pay-as-you-grow provides a rebate on USDC usage, starting at $0.05/Monthly Active Wallet. Other features such as Gas Abstraction and Smart Contract Wallets should be rolled out shortly. Circle Expands the Range of Its Web3 Solutions Earlier this year, Circle launched a Cross-Chain Transfer Protocol (CCTP) to allow permissionless transfers of USDC natively across supported blockchains. A couple of months later, the platform announced the operationalization of its CCTP on Arbitrum, a Layer 2 scaling solution for the Ethereum network, with the aim to make the USDC transfers faster and more secure. “With USDC, CCTP, Programmable Wallets, and our broader Web3 Services offering, our goal is to make it easy for developers to rapidly build, deploy, and scale blockchain-powered apps for a variety of use cases, regardless of the blockchain network they choose to build on,” the Senior Director of Product Management at Circle, Gagan Mac, wrote in the statement. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

IQ GPT will help fight misinformation in the crypto space and onboard new users.

Bankrupt cryptocurrency lending platform BlockFi's restructuring plan has taken a step closer to fruition, as the firm announced that its disclosure statement has received conditional approval from the U.S. Bankruptcy Court in New Jersey. This development is a critical part of the company's mission to maximize recoveries for creditors and expedite the return of cryptocurrencies to clients, said Mark Renzi, BlockFi’s chief restructuring officer. The firm's restructuring plan will allow BlockFi to direct efforts towards recouping funds from other failed businesses such as Alameda Research, FTX, Three Arrows Capital, Emergent, Marex, and Core Scientific. However, the proposed plan has not been devoid of criticism,. Organizations like FTX, Three Arrows Capital, and the Securities and Exchange Commission have voiced concerns about the plan's fairness and its potential to absolve BlockFi and its management from legal responsibility, especially with disputed transactions worth over a billion dollars hanging in the balance. Under the new plan, BlockFi intends to refund non-wallet funds back to customers, while also creating a "convenience claim class" for customers with claims under $3,000, who would receive a lump sum payout equating to 50% of the total claim. The company will also refrain from clawing back amounts under $250,000 that clients properly transferred from BlockFi interest accounts or BlockFi private client accounts to wallets. Despite the progress, hurdles remain. FTX and Three Arrows Capital have contested the disclosure statement, citing failure to meet bankruptcy code requirements and provide adewquate information for creditors to evaluate the feasibility of BlockFi's strategy. Meanwhile, the SEC has requested more detailed information on the releases. BlockFi's restructuring process comes after allegations of fraud by the company's unsecured creditors and former CEO Zac Prince. The firm was accused of breaking promises to customers by liquidating nearly $240 million in customers' crypto, which forms part of the justification for the move to appoint a Chapter 11 trustee outside of its bankruptcy plan. The deadline for voting on BlockFi's proposed reorganization is slated for September 11. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Bitcoin bulls are stampeding past the top of the range, but there is already a risk that BTC price is forming a "predatory range."

The request was denied by U.S. District Judge Lewis Kaplan, who characterized it as a “fishing expedition” lacking justification.

Harvard astronomer Avi Loeb is leading the expedition and stated that the team has found a couple of anomalous objects.

A day after slapping Binance with a lawsuit, the U.S. Securities and Exchange Commission is now taking swift action to freeze assets tied to the American arm of the global exchange “on an expedited basis”.