With 950 million active users, messaging app Telegram is planning to launch an in-app browser that supports Web3 along with an app store, according to founder Pavel Durov. Telegram, which launched in 2013, is expected to surpass 1 billion users this year and may hit profitability in 2025, Durov has said. Though the global platform is known for encrypted private communications, it has recently seen a surge of growth among mini-apps and games and has a thriving community built around crypto rewards. Now, Binance Labs has led an investment in Pluto Studio, developer of the Telegram-based game “Catizen.” Continue reading Messaging App Telegram Planning App Store, Pushes Web3

Messaging app Telegram has added business account features to create a custom start page, listings, maps, hours of operation, chatbot support and more. Anyone can turn their Telegram account into a Telegram Business account, and users don’t need coding skills. Public channels with 1,000 or more subscribers can receive 50 percent of the revenue from ads shown in their channels. Based in Dubai, Telegram says the channels of its global users generate over 1 trillion monthly views. In February it unveiled an ad program that adopted the TON blockchain’s Toncoin as its native currency. Continue reading Telegram Adds Business Features to Challenge Meta, Google

AI-centric crypto firms SingularityNET, Fetch.ai and Ocean Protocol will merge their tokens under a single token known as the Artificial Superintelligence token, ASI, with a fully diluted value of $7.6 billion. Although the three companies will continue to operate separately, an Artificial Superintelligence Alliance comprised of members from each will guide the vision. The ASIA goal is to develop decentralized AI technology on blockchain as an alternative to the large corporations currently controlling AI. The end game, to create artificial general intelligence. The merger is contingent on approval from each community’s members. Continue reading AI Crypto Firms Will Merge Tokens in Bid to Take on Big Tech

Ethereum, the second most popular cryptocurrency after Bitcoin, has completed a software upgrade that aims to make its network cheaper. Called Dencun, the update lowers the cost of so-called layer-2 networks — which include chains like Base, Polygon and Arbitrum — to about a cent for transactions that previously cost $1, while exchanges that used to cost a few cents are reduced to fractions of a cent. Accomplished through a new system of storing data, the upgrade is being welcomed as a harbinger of a development renaissance brimming with new applications and free services. Continue reading Ethereum Software Upgrade Could Reduce Transaction Fees

After a tumultuous two-year slump, Bitcoin rebounded this week when it briefly reached a new all-time high exceeding $69,000, marking a more than 300 percent rise since November 2022 when the price was below $20,000. The prior record of just below $68,790 dates back to November 2021. The 2024 rally comes on the heels of regulatory action approving rules that make it simpler for individuals to invest in Bitcoin by allowing some large investment firms including BlackRock, Fidelity, Grayscale and Valkyrie to add it to their funds, making it easier for the average investor to choose it as a portfolio option. Continue reading Bitcoin Hits Record $69,000 High Following SEC Rule Change

CTA Senior Manager of Government Affairs John Mitchell led a discussion at CES on the use of blockchain as the basis of a new economic ecosystem. Coinbase Head of U.S. Policy Kara Calvert, FinClusive CEO Amit Sharma, and Paradigm Policy Director Justin Slaughter expressed enthusiasm about the potential for financial inclusion and digital identity as well as frustration over U.S. legislators’ approach to regulation. “Here, blockchain is positioned as a problem to address, not an opportunity to be seized,” suggested Slaughter. Meanwhile, they note, Switzerland, China and other countries are taking the lead. Continue reading CES: Leaders Urge Regulation to Unleash Blockchain’s Power

Crypto ID project Worldcoin, co-founded by Sam Altman, is integrating with Microsoft’s “Minecraft,” as well as Reddit, Telegram, Shopify and Mercado Libre. Concurrently, the company is debuting World ID 2.0 in Mexico and Singapore. World ID 2.0 enhances the privacy features of Worldcoin’s “digital passport for humanness.” Rolled out in July, World ID provides identify verification, claiming to allow easy distinction between bots and humans online. “Retailers are losing an estimated $100 billion per year from return fraud, bots and coupon stacking,” the Worldcoin Foundation said in making the announcement. Continue reading Worldcoin Brings Privacy to Shopify, Reddit, Telegram, Others

Music tech studio CreateSafe has officially launched its generative AI-powered platform Triniti in open beta. Triniti lets artists create AI voice clones, generate text-to-audio samples, get assistance monetizing and managing music IP or interact with a chatbot on industry-specific music questions. The company has raised $4.6 million in a seed round led by cryptocurrency and blockchain investment firm Polychain Capital to further develop Triniti. Crush Ventures, hip hop music manager Anthony Saleh, and Paris Hilton’s 11:11 Media also participated in the funding round. Continue reading Voice Cloning Startup CreateSafe Introduces GenAI Platform

PayPal has become the first major U.S. fintech firm to launch its own cryptocurrency with a stablecoin called PayPal USD. Issued by Paxos Trust Company, PayPal USD is 100 percent backed by dollar deposits, U.S. treasuries and cash equivalents, and will maintain a value of exactly $1, according to the company. Initially available only to U.S. customers, CEO Dan Schulman says PayPal intends to make cryptocurrency a part of its overall payments infrastructure and will soon integrate it with its Venmo mobile payment app. PayPal shares, in a slump since last year, were up 3 percent on the news. Continue reading PayPal Is First Major U.S. Fintech to Launch Own Stablecoin

Google has updated transaction policies to allow for blockchain-based digital content, such as NFTs, to be placed within content distributed through its mobile software marketplace Google Play. Google has been slow to warm to blockchain integration, and the new approach comes with strict transparency requirements. If tokenized digital assets are part of an app or game “developers must declare this clearly,” Google explains, adding that “developers may not promote or glamorize any potential earning from playing or trading activities.” These stipulations intend to prevent the hype that has attached itself to so much blockchain activity from infiltrating Google Play. Continue reading Google Updates Policies Regarding Blockchain in Play Store

A federal court has approved an agreement between Binance co-founder and CEO Changpeng Zhao and the Securities and Exchange Commission that will allow the embattled cryptocurrency firm to continue operating while fighting an SEC civil fraud lawsuit, the outcome of which may determine the future of the crypto business in the United States. Filed June 5, the Binance charge rocked an industry already reeling from market turmoil and SEC complaints against Coinbase and the founder of FTX. The SEC initially moved to freeze Binance’s U.S. assets, but the company said that would put it out of business here. Continue reading SEC Provides Binance a Lifeline as It Pursues Fraud Charges

Warner Bros. Home Entertainment has teamed with blockchain content developer Eluvio for the “Superman Web3 Movie Experience,” designed to give action film lovers a collectible experience while offering new life to the 45-year-old feature “Superman: The Movie” starring Christopher Reeve and Margot Kidder. Described as “a multimedia NFT for fans to own and to engage with the 1978 Richard Donner film in an exciting way,” the limited release is available June 9-16 at $30 for the Standard edition or $100 for a Premium edition that will be available for 24 hours June 9-10. Continue reading Warner ‘Superman’ NFT Streams in 4K UHD from Blockchain

Nvidia announced $7.19 billion in revenue for the first quarter ended April 30. That’s down 13 percent compared to the February through April frame in 2022, but up 19 percent from Q4, which ended January 29. Nvidia has forecast a stunning $11 billion in sales for Q2. That projected 64 percent increase puts Nvidia on track to be the first chip company with a $1 trillion valuation. CEO Jensen Huang attributes the sales spike to exploding demand for GPUs to run artificial intelligence systems. “We are significantly increasing our supply to meet surging demand for them,” Huang said of the processors. Continue reading AI Helps Steer Nvidia Toward $1 Trillion Market Capitalization

The fallout from cryptocurrency exchange FTX’s implosion continues, as BlockFi becomes the latest crypto lender to file for Chapter 11 bankruptcy protection, in the wake of similar moves by Voyager and Celsius. BlockFi, which was to have been acquired by FTX, filed in U.S. Bankruptcy Court for the District of New Jersey indicating more than 100,000 creditors, and liabilities combined with assets that range from $1 billion to $10 billion. An outstanding loan to Sam Bankman-Fried’s bankrupt American division FTX US for $275 million was among the liabilities. Continue reading Cryptocurrency Implosion Continues with BlockFi Bankruptcy

Bluesky, a decentralized platform conceived by Jack Dorsey while he was CEO of Twitter, has generated more than 30,000 waitlist signups as it prepares for a private beta launch of Bluesky Social. Bluesky’s main innovation is the Authenticated Transport (AT) Protocol, described as a networking technology “to power the next generation of social applications.” AT Protocol is an open standard designed to allow different social apps the ability to interoperate, giving users more control by letting them independently adjust algorithm settings or move profiles without losing data. Continue reading Incubated at Twitter by Jack Dorsey, Bluesky Launching Beta