The European Union (EU) has been advised to brace for the convergence of blockchain technology and artificial intelligence (AI). The European Blockchain Observatory and Forum (EUBOF) — an initiative of the European Commission — monitored and analyzed blockchain developments across Europe and published a concluding report on May 24. The report, authored by the EUBOF team, highlighted…

Bitcoin dipped 2% on May 28 after wallets labeled as belonging to the collapsed crypto exchange Mt. Gox moved 107,547 BTC worth nearly $7.3 billion to an unknown wallet — with more transactions coming in by the hour. The move is ahead of the defunct crypto exchange’s plan to return BTC holdings to creditors before October. Blockchain…

Bitcoin exchange-traded products — investment vehicles that track the price or provide exposure to BTC — have surpassed 1 million in Bitcoin holdings globally. Since spot Bitcoin ETFs first launched in the United States in mid-January, the 11 ETFs have sucked up 855,619 Bitcoin, accumulating an average of 6,200 BTC per day. According to data shared…