Crypto News Center

109 Million Wallets Hold USDT: Tether Reports

The report underscores USDT’s pivotal role in cryptocurrency adoption, bridging the gap between traditional fiat and digital assets. 109 Million Wallets Hold Tether Tether’s second insights report revealed a significant milestone in the adoption of its stablecoin USDT with 109 million onchain wallets holding USDT at the start of Q4 2024. This makes USDT one of the most extensively held digital assets with more than twice the number of bitcoin...

Binance partners with AWS to improve user experience with generative AI

Binance embraces cutting-edge AI to elevate customer support and streamline global trading operations. Key Takeaways Binance has partnered with Amazon Web Services to integrate generative AI for improved user experience. The AI-powered KYC process has significantly improved recognition rates and operational efficiency. Binance has announced a partnership with Amazon Web Services (AWS) to boost user onboarding, streamline customer support, and optimize internal diagnostics through generative AI technology. The crypto exchange,...

South Korea to Classify Some NFTs as Cryptocurrencies

By Philip Maina 2 months agoTue Jun 11 2024 10:08:11 Reading Time: 2 minutes South Korea has released new regulations classifying some NFTs as cryptocurrencies NFTs considered as crypto include those that are used to pay for goods and services The country will determine NFTs’ classification on a case-by-case basis South Korea’s financial watchdog Financial Services Commission (FSC) has unveiled new guidelines to help determine whether NFTs are cryptocurrencies or...