BITCOIN

Failed crypto exchange FTX has unexpectedly halted the sale of its stake in the artificial intelligence (AI) startup Anthropic. The stock has been viewed as a source of funds that can be used to compensate customers who suffered losses as a result of the coin trading platform’s collapse. Cryptocurrency Exchange FTX Postpones Sale of Anthropic Shares Bankrupt crypto exchange FTX has decided to hold off the sale of its stake in the AI company Anthropic. The stock, worth $500 million, has been among the exchange’s most sought-after assets, Bloomberg noted in a report. According to sources who chose to remain anonymous, bidders have been informed this month about the pause by Perella Weinberg Partners, the financial services firm acting as an advisor in FTX’s bankruptcy which was looking to sell the Anthropic shares. The AI startup was established in 2021 by former employees of Openai, the developer of the chatbot Chatgpt . In May of this year, Anthropic announced it had raised $450 m

Paysafe will discontinue support for bank transfers of euros to and from Binance, the payments provider announced. The news comes when the world’s largest cryptocurrency exchange finds itself under pressure from regulators and banking partners in Europe and elsewhere. Paysafe to Stop Euro Deposits and Withdrawals for Binance Crypto exchange Binance, the global leader in terms of daily trading volume, will lose access to payments in the common European currency, another setback for its operations on the Old Continent that comes amid regulatory crackdown in various jurisdictions. “Following a strategic review, we have taken the decision to cease offering our embedded wallet solution to Binance across the region,” its U.K.-based payment processor, Paysafe, said in a statement, quoted by Bloomberg. The company added: Paysafe and Binance are now working to mutually implement an orderly and fair process to terminate this service over the next few months. Paysafe will no longer suppor

Mastercard has introduced its Multi-Token Network (MTN), an app store powered by blockchain technologies for building regulated financial applications. “MTN represents one of Mastercard’s most ambitious projects in the digital asset space to date,” said the payment giant’s head of crypto and blockchain. “Our goal is to support the wider digital asset industry and interested parties to help fortify confidence in its future.” Mastercard Unveils Multi-Token Network Raj Dhamodharan, Mastercard’s head of crypto and blockchain, announced in a blog post on Wednesday: Today, we are taking the next step on our journey with the introduction of Mastercard Multi-Token Network, a tailor-made solution for the industry. “Our vision for MTN is to provide a set of foundational capabilities designed to make transactions within the digital asset and blockchain ecosystems secure, scalable, and interoperable — ultimately enabling more efficient payment and commerce applications,” he explained. The

On June 28, 2023, Bitcoin saw its first downward difficulty adjustment in 56 days, or since May 4, with a decline of 3.26%. This modification lowered the network’s difficulty to 50.65 trillion from its record high of 52.35 trillion on June 14. Bitcoin Mining Gets a Breather: Difficulty Decreases by 3.26% in Recent Adjustment Today, mining bitcoin ( BTC ) is now 3.26% less challenging than it was in the previous fortnight or since June 14. This decline of 3.26% happened at block height 796,320 on June 28, reducing the difficulty to the current level of 50.65 trillion. Shortly after the difficulty increase on June 14, the adjustment that took place on June 28 was initially anticipated to be a rise due to soaring hashrates and quicker block intervals. Nonetheless, following June 19, 2023, this all shifted as a reduced hashrate and slower block intervals resulted in the drop. In fact, as of Thursday, June 29, 2023, the total hashrate dipped below the 300 exahash per second (EH/s) ran