More than $115 million was raised last week alone across a number of crypto startups. The largest raise of the week was blockchain game studio Proof of Play which netted $33 million in a round led by Andreessen Horowitz. The firm will use the funding to fuel the growth of its invite-only, on-chain pirate role-playing...Read More
Data collated by 21.co, the parent company of the world’s largest issuer of cryptocurrency exchange-traded products, 21Shares, revealed that the notorious North Korean hacking group Lazarus currently holds more than $47 million worth of crypto assets in its wallets. According to 21.co’s dashboard on Dune Analytics, Lazarus Group holds several digital assets, including bitcoin (BTC),...Read More
Amazon intends to invest a substantial $4 billion in Anthropic, a generative AI specialist. As part of this strategic collaboration, Amazon’s cloud unit, AWS, will take on the role of Anthropic’s primary provider for crucial workloads, encompassing safety research and the development of future foundational models. Anthropic has chosen to leverage AWS Trainium and Inferentia...Read More
The cryptocurrency industry is transforming significantly due to heightened government regulations, particularly in the United States. Many US-based crypto companies, especially exchanges, are considering strategies to shift their operations abroad, which includes exploring new markets and contemplating relocating entirely out of the country. In contrast, Europe has become an attractive destination for crypto firms seeking...Read More
In the wake of the unfolding JPEX exchange saga, the Hong Kong Securities and Futures Commission (SFC) released a blacklist of cryptocurrency firms termed as unregulated and unlicensed. Hong Kong’s SFC pledges to intensify investor education and information dissemination initiatives, responding to growing public apprehensions concerning unregulated Virtual Asset Trading Platforms (VATPs). SFC Blacklists Crypto...Read More
Crypto exchanges often find themselves struggling with hackers. But amidst the challenges, there’s always room for a little banter, especially when it comes from industry giants. Changpeng Zhao, better known as CZ, the CEO of Binance, couldn’t resist taking a playful jab at Justin Sun, the founder of Huobi Global, after the latter’s exchange faced...Read More
In recent news, Amazon has expressed its interest in making a substantial investment of $4 billion in Anthropic, a notable player in the field and a direct competitor to OpenAI, the parent company behind ChatGPT. This unexpected development has garnered attention across the tech and cryptocurrency sectors, generating considerable excitement regarding the potential implications for...Read More
David Schwartz – Chief Technology Officer of Ripple – involved himself in a dispute with the American broadcaster and filmmaker Max Keiser. The latter described XRP as a “centralized fiat-shitcoin.” In the following lines, we will outline Schwartz’s reaction to that claim and his opinion on other speculations surrounding the blockchain enterprise and its native...Read More
John Deaton – an attorney representing thousands of Ripple investors involved in the legal battle against the US Securities Exchange Commission (SEC) – believes the price of bitcoin might thrive next month. Most analysts have recently predicted that BTC could indeed skyrocket in the future, but not before the halving scheduled for the spring of...Read More
Seychelles-based cryptocurrency exchange HTX (formerly Huobi) has lost $7.9 million worth of ETH to a hacker, on-chain data shows. The exchange has already identified the culprit and is ordering a return of funds with the threat of legal action. As noted by blockchain security firm Peckshield, exactly 4999 ETH ($7,866,926.30) left Huobi’s wallet on Sunday...Read More
Ether has faced a challenging period in terms of price performance since early August, dropping below the $1,800 mark. The trend has consistently exhibited a downward trajectory on longer-term price charts, making it a daunting task for buyers to reverse this course. As a result of this increased bearish market structure, retail traders of Ether...Read More
The world’s largest corporate bitcoin holder – MicroStrategy – has reinstated its BTC-buying policy and has spent another $150 million to acquire just under 5,500 BTC. Nevertheless, the company’s entire bitcoin position is still underwater, at least theoretically, as the asset’s price struggles at $26,000. Michael Saylor – MicroStrategy’s founder and former CEO – announced...Read More
Bitcoin’s trading volume has taken a significant hit this year, and the recent market activity has been characterized by low volatility and narrow price ranges, limiting trading opportunities. Despite rising above $27.5k briefly earlier this week, the flagship crypto-asset is back near $26k. One of the major factors restricting its price growth is dwindling market...Read More
The past few days have witnessed additional price predictions regarding Ripple’s native token – XRP. Some analysts envisioned a bull run for the asset, believing it could skyrocket above $1 in the near future. We also asked ChatGPT for its opinion on the matter. Apart from XRP, Shiba Inu (SHIB) has also been in the...Read More
Abstract: Official inflation numbers have declined towards the 2% target and remarkably, interest rates have moved to historically more “normal” levels, above 5%. However, we predicted for years that returning to “normal” rates was impossible, we argued that the economy had rewired and was now addicted to near zero rates. Yet things seem fine now,...Read More
In the latest cyber attack to hit the DeFi space, the Mixin Network’s cloud service provider database was recently compromised. The exploit has resulted in an estimated loss of assets worth approximately $200 million on the mainnet and, subsequently, the value of Mixin’s Native Token plummeting by almost 10%. Mixin’s Team Responds Following Attack Mixin’s...Read More
Chainlink (LINK), a prominent provider of reliable price oracles for DeFi developers, appears poised for a significant breakthrough after several months of consolidation. The Chainlink ecosystem boasts a robust community comprising node operators, data consumers, and investors. Furthermore, the Chainlink team’s collaboration with developers through the BUILD program has strengthened its position in the crypto...Read More
Google Cloud announced that its BigQuery service expanded its data warehouse capabilities by incorporating a total of 11 blockchain networks. These newly integrated networks are – Avalanche, Arbitrum, Cronos, Ethereum’s Görli testnet, Fantom, Near, Optimism, Polkadot, Polygon’s mainnet, Polygon’s Mumbai testnet, and Tron. According to the official announcement, Google Cloud’s decision to include an additional...Read More
