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New developments such as free usernames, cross-chain names, and chat functions may lead to more addresses being associated with a name. Ever since the Ethereum Name Service (ENS) was launched in 2017, Web3 users have been able to replace the long strings of characters that make up a crypto address with a more easily memorized blockchain username or Web3 domain name . For example, Ethereum (ETH) users can now send crypto to the network’s founder, Vitalik Buterin, at his username of vitalik.eth without knowing that his address is 0xd8da6bf26964af9d7eed9e03e53415d37aa96045. But despite this advancement making it much easier to identify users, hardly anyone has taken advantage of it. There are over 200 million unique addresses on Ethereum, yet only 2.2 million .eth names were registered as of January. This means that at least 97% of Ethereum addresses are not associated with an ENS username. This lack of usernames creates user experience problems in the Web3 ecosystem. Just imagine if

Do Kwon has denied forging travel documentation and refuted having any financial ties to Europe Now party leader Milojko Spajić. Terraform Labs founder Do Kwon told a Montenegro court that he wasn’t aware the passport he was traveling with was allegedly forged and instead pinned the blame on a Chinese-named agency. In a June 17 report from South Korean news outlet Segye Ilbo, Kwon told the Montenegrin Basic Court he received his allegedly forged passports and travel documentation, including a Costa Rican passport, through third-party “agencies.” “I received my Costa Rica passport after filling in the documents required by a Singaporean agency that was recommended to me by a friend. I received my Belgian passport through another agency.” According to Kwon, because he'd been traveling with his Costa Rican passport “for years” he had no reason to doubt its authenticity. The prosecution pressed Kwon for further details on the agency he used for his passports, but Kwon said he co

A major study between the BIS and the U.K. central bank found a retail CBDC could make peer-to-peer payments cheaper and easier. The Bank of England (BoE) is a step closer to launching its central bank digital currency (CBDC) dubbed “Britcoin” following the conclusion of a trial study called Project Rosalind. The Bank for International Settlements (BIS) along with the BoE launched the joint experiment in July 2022 to explore how prototypes of an application programming interface (API) could be implemented in retail CBDC transactions. A June 16 report which summed up phase two of Project Rosalind found a CBDC could make payments between individuals cheaper and more efficient while allowing firms to create new financial products that work to reduce fraudulent financial activity. Overall, the study developed 33 API functionalities and explored “more than 30 retail CBDC use cases.” Project Rosalind CBDC API summary. Source: BIS. In addition to looking at how a CBDC would function

The comment from the crypto exchange came after the SEC asked for more time to respond to Coinbase's rulemaking petition. Coinbase has slammed the United States securities regulator for failing to answer questions asked in the U.S. Court of Appeals as part of its ongoing legal battle with the regulator. In a June 17 letter filed in the Court, lawyers for the crypto exchange accosted the Securities Exchange Commission (SEC) for continuing to offer “no straight answers” to the Court in relation to Coinbase’s rulemaking petition , which calls on the SEC to establish a regulatory framework for digital assets. “When ordered by this Court to address the stark inconsistency between its litigating position and its actions and statements elsewhere, the SEC still offers no straight answers and instead repeats its talking points,” Coinbase’s letter said. The letter was in response to the SEC’s June 13 submission requesting an additional 120 days to reply to Coinbase’s rulemaking petiti

"Explain This Bob," the popular AI-powered Twitter account also linked to a memecoin, was suspended shortly after Elon Musk alleged it was a "scam." Twitter has suspended the account of the popular memecoin-linked artificial intelligence-powered bot “Explain This Bob” after Elon Musk alleged it was a “scam crypto account.” Musk alleged the account was a scam in a tweet on June 18 in areply to the bot, the account was seemingly suspended soon after. This sure looks like a scam crypto account. If so, it will be suspended. — Elon Musk (@elonmusk) June 18, 2023 The Explain This Bob account reportedly amassed over 400,000 followers before its suspension. The bot was created by Prabhu Biswal from India and used OpenAI’s GPT-4 model to comprehend and provide responses to tweets by those who tagged the account. The project was also linked to the ERC-20 memecoin Bob Token (BOB) that was launched in April 2023. The suspension sent the price of BOB down over 30% acco

Inspired by Bitcoin Ordinals inscriptions, Ethscriptions offer a new way to mint NFTs on Ethereum. Ethereum users have been given another way to create nonfungible tokens (NFTs) and other digital assets on the blockchain with the launch of a new protocol. Launched on June 17 the protocol, dubbed “Ethscriptions,” is a nod to the Bitcoin ( BTC ) Ordinals protocol — where assets are known as “inscriptions.” Ethscriptions was developed by music website Genius.com co-founder Tom Lehman, who uses the pseudonym Middlemarch on Twitter. Lehman declared the project a “huge success” in a series of tweets on June 17 and noted nearly 30,000 Ethscriptions had been created within the first 18 hours of the protocol going live. With almost 30k Ethscriptions in <18 hours, the launch was a huge success! Thank you for seeing the massive potential here! I am on Ethscriptions 24/7, but I need your help! DM @proroketh to join our protocol Twitter chat. Ideas, bug reports, NO alpha, NO tradi

Apple finally makes a play for gamers, SEC takes aim at Metaverse tokens, CryptoZoo trolled on Steam, memestock lord is GameStop’s new CEO. Gaming on Macs to suck less Is Apples reign as the worst platform for gaming coming to an end? Amidst all the hype about their long-rumored VR/AR headset, slated for release in early 2024 (queueing outside the Apple Store starts in October), its not the only signal that Apple might finally be sorting out its subpar gaming offering. Its also releasing software that will make it easier to play Windows games on Mac. Gaming on a Mac really sucks. Lots of games particularly indie and early release ones are not compatible. Keyboard mapping can be funky. To this day I have been unable to attach special tackles to my fishing rod (no, that is not innuendo) on the Mac edition of Stardew Valley. With VR games, its even worse. If you want to spend hours watching YouTube videos, you can get most VR headsets to somewhat work with a Mac. But right now the o

Discover the key techniques for writing highly effective ChatGPT prompts that yield superior results. Writing good ChatGPT prompts to receive precise and pertinent responses is crucial. For the artificial intelligence (AI) model to produce the required information, clear and accurate context is essential, which allows ChatGPT to better comprehend the aim and scope of a user’s inquiry. What is prompting in ChatGPT In OpenAI’s ChatGPT chatbot, prompting is the process of giving the language model input or instructions to get the desired response. It includes creating prompts or questions that direct how the AI model interprets the task or subject. Prompts can be questions, statements, or any other type of input that instructs the model to produce a coherent and relevant response. The prompt’s effectiveness and quality significantly impact the AI model’s outputs. Clear instructions and context are provided in a well-written prompt, which encourages more accurate responses. It aids i

Binance CEO Changpeng 'CZ' Zhao has heaved a sigh of relief noting he is pleased the disagreement with SEC is over. Changpeng 'CZ' Zhao , the CEO of Binance, expressed his happiness and sense of relief as the prolonged dispute with the United States Securities and Exchange Commission (SEC) has been successfully resolved. The SEC's ongoing scrutiny had created a tense and uncertain period for the company, making the resolution a significant milestone. Nonetheless, as the regulatory uncertainty begins to fade, CZ can now find solace and concentrate on Binance's future. In a tweet, the veteran crypto entrepreneur emphasized that the SEC's emergency relief request was unnecessary, affirming that the mutually agreed-upon resolution would enable Binance to progress unhindered. In a noteworthy turn of events, Judge Amy Berman Jackson of the US District Court for the District of Columbia has given her approval to the "Proposed Stipulation and Consent Order

ZachXBT estimates that the legal fees could “easily exceed” $1 million and alleged that MachiBigBrother is “using his money to try” and silence him. Blockchain investigator ZachXBT has received over $1 million in donations in slightly more than a day from the crypto community, to aid in his legal defense against a defamation lawsuit brought by someone he accused of fraud. ZachXBT is known to his 412,900 followers on Twitter for his investigative work in the blockchain and cryptocurrency sector. On June 16, Jeffrey Huang, known as MachiBigBrother on Twitter, stated in a tweet that he has filed a defamation lawsuit against ZachXBT accusing him of damaging his reputation through false allegations. Huang was referring to an an article  published by ZachXBT in June 2022 titled "22,000 ETH Embezzled and Over Ten Projects Failed: The Story of Machi Big Brother (Jeff Huang)", where he accused Huang of launching over “over 10 failed pump and dump tokens and NFT projects.” Respo

In a video posted to Twitter, Ripple CEO Brad Garlinghouse opined that the U.S. financial watchdog acted in "bad faith, plain and simple." He warned that it is only the beginning of the battle for "so many other" crypto firms. Ripple CEO Brad Garlinghouse has warned that even though Ripple's legal battle against the United States financial watchdog is coming “to a close,” it is only the beginning of a larger battle for the industry and the fight for regulatory clarity “has to continue.’ Following the Hinman Documents being unsealed on June 13 as part of the ongoing lawsuit between the United States Securities and Exchange Commission (SEC) and Ripple, Garlinghouse published a video on Twitter to discuss the lawsuit's timeline, which commenced in December 2020, and expressed his frustration with the SEC. Published on June 17, Garlinghouse said in the video that the unsealing of the Hinman documents show that the SEC “knowingly created confusion about the r

U.S. representative introduces bill to fire SEC’s chief, BlackRock applies for a spot Bitcoin ETF and Binance.US hires top lawyer for upcoming court battles. Top Stories This Week US lawmakers file SEC Stabilization Act to fire Gary Gensler United States Representative Warren Davidson has introduced the SEC Stabilization Act into the House of Representatives. One of the bills main provisions is to fire Securities and Exchange Commission (SEC) Chair Gary Gensler . The bill would remove Gensler from office and redistribute power between the SEC chair and commissioners. It would also add a sixth commissioner to the agency, disallow any party from holding a majority on the commission and create an executive director position. The SEC declined to comment on the matter. BlackRock applies for spot Bitcoin ETF a US first if approved BlackRock, the worlds largest investment company, has filed an application for a Bitcoin spot exchange traded fund (ETF) . It would be the first crypto spot

After a dip of over $1 billion in the past 30 days, BUSD now sits at the fourth position in market capitalization among stablecoins. The dollar-pegged Binance USD ( BUSD ) stablecoin sits now at the fourth position in market capitalization among other stablecoins following a dip of over $1 billion in the past 30 days, data from CoinMarketCap shows . As of writing, BUSD market cap stands at $4.30 billion, down 29% from $5.54 billion on May 18. The stablecoin has been in a downward trend since December last year, when its market cap topped $23 billion. Top stablecoins by market capitalization on June 17. Source: CoinMarketCap The decline in BUSD market cap parallels major developments surrounding Binance following FTX's dramatic collapse in November 2022. Last December, a report indicating Binance would be targeted by the U.S. Department of Justice led to net withdrawals of $3.6 billion within seven days. The exchange saw large BUSD redemptions from market makers, including m

Plaintiff Jeffrey Huang claims his reputation was damaged when ZachXBT allegedly falsely accused him of embezzlement. Blockchain investigator ZachXBT has been sued for libel by one of the people he accused of fraud, according to a June 16 social media post. According to the post, Jeffrey Huang, known as “MachiBigBrother” on Twitter, has accused ZachXBT of damaging his reputation through false allegations. MachiBigBrother also posted an announcement stating that he is suing the on-chain sleuth. A year ago, @zachxbt published a Medium article about me that damaged my reputation. Today, I have filed a defamation lawsuit against him in the United States District Court for the Western District of Texas. — Machi Big Brother (@machibigbrother) June 16, 2023 ZachXBT responded to the lawsuit by calling it “baseless” and “an attempt to chill free speech.” He pledged to “fight back” against it. In a thread responding to his own post, ZachXBT linked to the Medium post that is accused o