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Showing posts from June 15, 2023

CoinEx Explains How the Intersection of AI and Web3 Will Revolutionize Crypto

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The emergence of cutting-edge artificial intelligence capabilities has ignited the imagination of business strategists worldwide, urging them to envision the future operations of their respective industries in this era of AI. Simultaneously, the advent of Web3 is transforming our very interaction with the internet, which serves as the foundation of the contemporary global economy. Consequently, it is indisputable that the amalgamation of AI and Web3 will reshape business practices across all sectors, including the realm of cryptocurrencies, and give rise to unprecedented models that were previously inconceivable. The Dawn of Intelligent Blockchains, dApps, Protocols and More CoinEx, the preeminent cryptocurrency exchange boasting a user base of over 5 million worldwide, has recently released an article on the Medium platform , delving into the remarkable possibilities that arise from the fusion of artificial intelligence (AI) and web3. This insightful piece aims to shed light on the

Egypt Applies for BRICS Membership Seeks Trade in National Currencies

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Egypt has filed an application to join the BRICS bloc, Russia’s ambassador to the Arab nation confirmed. The government in Cairo is interested in using alternative currencies in foreign trade, either national fiats or a new common currency, the diplomat unveiled. Egypt Takes Step to Join BRICS Club, Russia Backs Bid Egypt has applied to become a member of the BRICS bloc of nations, according to the Russian Ambassador to Cairo, Georgy Borisenko. In an interview with the Tass news agency, the diplomat explained: Egypt has submitted its application to join the BRICS group because one of the endeavors that BRICS is currently pursuing is to shift trade to alternative currencies, be it national currencies or a new common currency. Egypt is very much interested in that. Borisenko also pointed out that Egypt is willing to boost trade and economic cooperation with the Russian Federation. He revealed that new payment mechanisms are currently being developed to facilitate international tra

Crypto Firm Abra Said to be Insolvent in Texas State Regulators Cease-and-Desist Order

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According to an emergency cease-and-desist order from the Texas State Securities Board, the cryptocurrency firm Abra is “insolvent or nearly insolvent.” The filing alleges that a group of state securities regulators has been investigating Abra, and the working group interviewed William Barhydt, the company’s founder, in March 2023. Texas State Regulators Issue Cease-and-Desist Order, Citing Insolvency Claims Against Crypto Firm Abra The Texas State Securities Board (TSSB) has issued an emergency cease-and-desist order against the company Abra and its network of subsidiaries. The notice alleges that Abra and its affiliate companies are “collectively insolvent or nearly insolvent.” The order also named Plutus Financial, Plutus Lending, Abra Boost, and the firm’s founder, William John “Bill” Barhydt. The TSSB allegations suggest that in 2022, Barhydt restructured the firm into multiple entities and “sold investments in Abra Earn, a digital asset depository account, to unaccredited an