Australia’s finance watchdog to crack down on dormant crypto exchanges

Australia’s financial intelligence agency has told inactive registered crypto exchanges to withdraw their registrations or risk having them canceled over fears that the dormant firms could be used for scams. There are currently 427 crypto exchanges registered with the Australian Transaction Reports and Analysis Centre (AUSTRAC), but the agency said on April 29 that it…

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Bitcoin’s price spike supported by ETF demand as stablecoin buying power remains low

The exchange stablecoins ratio (ESR) and stablecoin supply ratio (SSR) provide important insight into Bitcoin’s liquidity and potential buying power. ESR measures the proportion of stablecoins relative to Bitcoin exchange reserves, serving as a gauge of spot liquidity. A low ESR reflects limited immediate buying power, while a high ESR points to abundant capital waiting…

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Pundi AI breaks new ground by joining NVIDIA’s exclusive AI startup circle

Pundi AI, a data infrastructure platform that integrates artificial intelligence with blockchain technology, has joined the NVIDIA Inception program, according to an April 29 statement shared with CryptoSlate. The initiative, designed to support cutting-edge AI startups, will offer Pundi AI access to advanced tools, training, and market support. According to the statement, Pundi AI provides…

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