Daily Crypto Update: Market Revives as BTC and ETH Regain Value
26.7.2024
The crypto market has made an unexpected mid-week comeback. Most of the top 10 cryptocurrencies have earned back some of their lost value. Bitcoin is leading the pack with an example, earning 4.15% value in the past 24 hours. Ethereum and Solana are also supporting the market leader with their...
JPMorgan Chase unveils generative AI for analyst work
26.7.2024
JPMorgan Chase introduces LLM Suite, an AI-driven tool similar to ChatGPT, to boost productivity in its asset and wealth management division
Georgia Man Sentenced to Prison for Cryptocurrency Computer Fraud
26.7.2024
Steven Drawdy, 40, of Grovetown, Georgia, has been sentenced to 32 months in U.S. prison for wire fraud after defrauding over 40 customers in a cryptocurrency computer scheme. Drawdy, who participated in an online cryptocurrency discussion forum, received more than $1.1 million from victims between...
Bitcoin rebounds to $67K ahead of Trump’s speech in Nashville
26.7.2024
Bitcoin has jumped 4.3% as future traders skew toward long positions ahead of Donald Trump’s speech at the Bitcoin Conference
Washington Regulator Warns of Miami Equity Fund 005 Crypto Fraud
26.7.2024
The Washington State Department of Financial Institutions (DFI), Securities Division, has warned about crypto investment fraud following a complaint from a resident regarding their investment in the Miami Foundation Equity Fund 005 (or Miami Equity Fund Institute 005). The investor had deposited...
Coinbase adds former Bill Clinton aide, Supreme Court lawyer to board
26.7.2024
Two of the new Coinbase directors have previously served under US presidents, while the other has extensive experience in the management consulting industry
Foreign crypto miners could be spying on US bases: Elizabeth Warren
26.7.2024
Senator Warren has lambasted foreign-owned crypto miners in the country, saying they’re loud, hot, and “suck up a ton of electricity, which can crash the power grid.”
US senator withdraws support for Elizabeth Warren’s anti-crypto bill
26.7.2024
Republican Senator Roger Marshall has withdrawn as a cosponsor for an anti-crypto bill he co-created with Senator Elizabeth Warren in 2022
Hive Announces Plans to Move Into Paraguay Amidst Bitcoin Mining Power Hike Turmoil
26.7.2024
Hive Digital, a public green bitcoin mining company, announced plans to build a 100MW site in Paraguay, having connected with President Santiago Peña and his cabinet. Hive stated that stability in government fiscal policies, such as energy pricing and taxation, will be a key factor in the expansion...
ETH ETFs launched in ‘weak market’ and could pressure Bitcoin: Analyst
26.7.2024
Spot Ether ETFs came during a weak market and could tempt investors to diversify, putting Bitcoin’s price at risk, says Capriole Investments founder Charles Edwards
Russia-Linked Banknotes Blamed for Libyan Dinar Plunge
26.7.2024
The Libyan dinar’s recent devaluation has been blamed on a flood of illicit banknotes exchanged for U.S. dollars. A report identified the Russian state money printer as a potential source of the banknotes, which the Central Bank of Libya has labelled counterfeit. Russia Linked to Illicit...
Hollywood video game performers go on strike, citing AI ‘abuse’
26.7.2024
The American labor union has been trying for 18 months to get a clause preventing publishers from making AI-generated versions of their actors’ work without their consent