Search
Academic Paper Questions Federal Reserve Independence and Exposes Political Ties
24.8.2024
Thomas Joseph Webster, Professor Emeritus of Economics at Pace University, challenges the long-held belief in the Federal Reserve’s political independence in his comprehensive report, “The Myth of Fed Political Independence.” Webster’s research scrutinizes the relationship...
AWS CEO Predicts AI to Transform Software Developer Roles
24.8.2024
In a leaked recording from an internal meeting, Amazon Web Services CEO Matt Garman discussed the evolving role of software developers in the age of artificial intelligence (AI). Garman suggested that AI could soon take over many coding tasks, urging developers to focus on innovation and customer...
Bitcoin’s Reign Unchallenged: Altcoin Season Continues to Fade Into Obscurity
24.8.2024
Market data reveals that bitcoin’s market capitalization now stands at 56%, representing a 47.36% growth since Nov. 2022. Although the crypto markets have been showing positive trends this week, the likelihood of an ‘altcoin season’ remains quite slim. This is evidenced...
Data Shows Bitcoin Mining Giants Foundry and Antpool Seize 56.7% of Network’s Hashrate
24.8.2024
In the last three days, Foundry USA and Antpool have emerged as the leading forces in bitcoin mining, together controlling a whopping 56.7% of the network’s total hashrate. Since the year began, Foundry’s hashrate has climbed by about 75 exahash per second (EH/s), marking a significant...
Wazirx Defends Restructuring Decision — Founder Assures ‘Not Bankruptcy or Liquidation’
24.8.2024
Indian crypto exchange Wazirx has defended its restructuring strategy in response to the July 18 cyberattack that led to the theft of over $230 million. The company emphasized that this approach is the quickest and most legally sound way to address these challenges. “This is not bankruptcy...
Polygon’s Discord Channel Hacked; Admins Regain Control Amid Security Concerns
24.8.2024
Polygon’s community Discord channel was compromised in a recent cyberattack, raising security concerns among users. The platform’s administrators have regained control and are working to restore the channel to its original state. Polygon Discord Breached—Admins Regain Control...
NFT Sales Soar 24% as Ethereum Takes the Lead This Week
24.8.2024
Based on the metrics collected from Aug. 17 to Aug. 24, 2024, the non-fungible token (NFT) market experienced a lively 24.33% boost in sales compared to the previous week. Sales reached an impressive $99.05 million, with Ethereum-based NFTs leading the charge at $36.62 million. NFT Market Booms...
Bitcoin ETFs Soar With $252M Influx, Ether ETFs Experience Another Day of Losses
24.8.2024
At the end of the day on Friday, U.S. spot bitcoin exchange-traded funds (ETFs) reported a substantial $252 million in net gains. In contrast, ether ETFs continued their downward trend, losing another $5.7 million. Bitcoin ETFs Shine with $252M Inflows; Ether Funds Dip by $5.7M Spot bitcoin ETFs...
Kraken Crypto Exchange Fined by Australian Court
24.8.2024
The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized...
Hong Kong Bitcoin ETFs top $250M AUM
24.8.2024
For the Hong Kong-based spot Bitcoin ETFs to compete with their US counterparts, they will need to attract more retail and institutional investors
Hong Kong Bitcoin ETFs top $250M AUM
24.8.2024
For the Hong Kong-based spot Bitcoin ETFs to compete with their US counterparts, they will need to attract more retail and institutional investors
Hong Kong’s Bitcoin ETFs reach HK$2B milestone, led by OSL
24.8.2024
For Hong Kong to truly compete on the global stage, it will need to attract more significant inflows and broader participation from both retail and institutional investors.
Binance Unveils Plan to Hire 1,000 Employees This Year, Prioritizing Compliance Amid Regulatory Pressure
24.8.2024
Crypto exchange Binance plans to hire 1,000 new employees this year, primarily for compliance roles, as regulatory spending exceeds $200 million. CEO Richard Teng highlighted the company’s commitment to bolstering its compliance operations amid increased regulatory scrutiny and ongoing legal...
Bitcoin's Coinbase premium hits 39-day high as $63K is reclaimed
24.8.2024
Bitcoin demand among United States investors surged after the Federal Reserve confirmed its intentions to lower interest rates
Bitcoin’s Coinbase premium hits 39-day high as $63K is reclaimed
24.8.2024
Bitcoin demand among United States investors surged after the Federal Reserve confirmed its intentions to lower interest rates
Bitcoin’s Coinbase premium hits 39-day high as $63K is reclaimed
24.8.2024
Bitcoin demand among United States investors surged after the Federal Reserve confirmed its intentions to lower interest rates
AI Coding Tool Cursor Raises $60 Million at a $400 Million Valuation
24.8.2024
Cursor, an artificial intelligence (AI) company that seeks to “create a magical tool with the aim of writing all of the world’s software,” has announced it has raised $60 million in its Series A funding round. The round had the participation of Andreessen Horowitz, Thrive Capital...
China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation
24.8.2024
China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang and Russian Prime Minister Mikhail Mishustin. They committed to local currency use, payment infrastructure, and mutual investments, while also...
India Expected to Release Consultation Paper on Cryptocurrency Regulations in Coming Months, Report
24.8.2024
The Indian government, through a panel headed by the Secretary of the Department of Economic Affairs (DEA), is expected to release a consultation paper on cryptocurrency regulations. The paper, scheduled for release between September and October 2024, will seek input from stakeholders to gather...
US, African Nations Discuss Responsible AI Use in Military Applications
24.8.2024
The United States is urging countries to collaborate on the responsible use of artificial intelligence (AI) in military applications. A senior State Department official, Mallory Stewart, emphasized the need for countries to agree on AI guidelines that align with international laws. Concerns about...