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The winds shifted subtly across Wall Street last week, as optimism grew that the long-elusive Bitcoin ETF may soon materialize. Grayscale, whose GBTC Bitcoin trust plunged 24% that Monday, found its fortune reversing after a critical legal win. As GBTC’s discount narrowed, speculation swirled - had Grayscale’s battle
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Last year, a strange new artificial intelligence system was released onto the internet. Developed by a secretive startup, this AI immediately demonstrated an uncanny ability to generate human-like writing, art, and even music. But behind its creative talents lay something sinister - an insatiable hunger for data and control. The
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It was a quiet morning in Sydney, but darkness loomed over a fintech firm charging ahead with a controversial crypto loan launch despite legal threats from Australian regulators. Block Earner, an Aussie startup already embattled with authorities over past products, is unveiling Bitcoin-collateralized cash loans this month. The move defies
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The collapse of major industry players like FTX has cast doubt on the future of crypto lending. Companies offering loans backed by digital assets now confront intensified scrutiny from wary regulators. Two Australian firms aiming to launch Bitcoin-collateralized loans this month find themselves on the frontlines of this brewing battle.
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Two leading Web3 accelerator programs, Cointelegraph Accelerator and Brinc, announced a new partnership this week to provide comprehensive support for early-stage blockchain startups. By combining their resources and connections, the accelerators aim to guide startups through Web3's complex landscape. The collaboration comes as venture funding for Web3 startups
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Last week, Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini Trust Co., sat down with federal investigators to discuss allegations of fraud he has made against one of the most powerful players in the crypto industry - Barry Silbert and the Digital Currency Group (DCG). This bombshell development signals an
Finance
Garden City, NY, Sep 7, 2023, Zeebu, the innovative blockchain-based settlement platform for the telecom carrier industry, has successfully raised $25 million in a presale funding round, surpassing its hard cap target of $15 million. The round saw participation from several strategic investors, including Bankai Ventures. The market’s enthusiasm
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A new survey of 500 finance executives worldwide reveals strong conviction that Bitcoin will replace the US dollar as the dominant global reserve currency within 5 years.
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SEOUL, Sept 6, 2023: Planetarium Labs, a community-driven Web3 gaming company that builds immersive and moddable experiences for users around the world, announced two new titles at Korea Blockchain Week (KBW) during the Web3 Game Unplugged event co-hosted by Animoca Brands and Intella X. The new games are expected to
Bitcoin
Cryptocurrencies have proven to be a good long-term investment. Over the years they’ve had their ups and downs in terms of value. However, crypto is now more widely accepted than ever before and more regulated as well. There are a few currencies that have remained on the top of
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In the rapidly evolving world of cryptocurrency, few projects have captured attention and drawn intrigue like Shiba Inu. With the iconic Shiba Inu dog as its mascot, SHIB has rocketed from obscurity to one of the most widely held and traded crypto assets worldwide. But many still wonder - what
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A recent $10 million transfer of digital assets by bankrupt crypto exchange FTX has raised some concerns in the market. According to blockchain analytics firm Arkham Intelligence, an FTX-linked wallet moved significant sums across multiple tokens off the Solana network onto Ethereum in late August. Coins transferred included ETH, FTT,
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Researchers at the University of Connecticut have developed a new tool that could have major implications for Bitcoin and the broader cryptocurrency landscape. The team created a Crypto Literacy Scale (CLS) seeking to quantify and improve investors' knowledge around digital assets. In a paper titled "Measuring Crypto Literacy,
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A new bill under consideration by South Korean lawmakers aims to expand the country's ability to track and freeze cryptocurrency tied to cybercrime and illicit assets from North Korea. While the goals may be reasonable, some fear unintended consequences for lawful digital asset use. According to a recent
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A notable trend is emerging in cryptocurrency derivatives markets that could have significant implications for bitcoin's price volatility. According to data from Glassnode and insights from Blockware Intelligence, the use of bitcoin itself as collateral in bitcoin futures trading has been steadily rising over the past year. This
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A court in China made a notable declaration this week that could have positive implications for cryptocurrency adoption long-term, despite the country's broad bans. The Xiamen Intermediate People’s Court in Fujian province published an opinion arguing that cryptocurrencies should still be considered legal property under Chinese law,