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China’s Credit Agency Downgrades US Credit Rating Over Debt-Ceiling Standoff and Looming Default
27.5.2023
China’s oldest credit rating agency, Chengxin International Credit Rating (CCXI), made headlines this week by downgrading the United States’ credit rating. The agency lowered the rating from AAAg to AAg+ and attributed this decision to the escalating political discord, rising inflation...
Bitcoin, Ethereum Technical Analysis: BTC Nears $27,000 as Market Reacts to Latest US Personal Consumption Data
27.5.2023
Bitcoin moved closer to the $27,000 level on Saturday, as markets continued to react to the latest Personal Consumption data from the United States. The key inflation index rose to 4.4% in April, higher than expectations of a drop to 3.9%. Ethereum also edged higher. Bitcoin Bitcoin (BTC) rallied...
JPMorgan Chase enters generative AI race with IndexGPT trademark
27.5.2023
JPMorgan's ChatGPT rival, IndexGPT, will be used across various business units, including advertising, business consulting and various finance-focused software as a service (SAAS) services among others
Florida Governor Ron DeSantis Joins US Presidential Race, Promises to Protect Bitcoin
25.5.2023
During a virtual discussion with Twitter’s proprietor Elon Musk on Wednesday, governor Ron DeSantis of Florida declared that he is throwing his hat into the ring for the presidency of the United States in 2024. DeSantis will confront the reigning president Joe Biden in addition to...
Ticketing will be a huge use case for NFTs — Gary Vee
24.5.2023
Popular entrepreneur and VeeFriends creator, Gary Vaynerchuck, shared his thoughts on NFT tickets, VeeCon 2024, cryptocurrency and blockchain adoption at VeeCon 2023
Why Bitcoin is stuck below $28,000 resistance
24.5.2023
On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses why Bitcoin’s price is stuck near $27,000 and the next price level for the king of cryptocurrencies
White House questions impact of AI surveillance on workers
24.5.2023
Officials in Washington D.C. said they will hold a listening session to understand the experiences of workers and the usage of AI surveillance in the workplace
CBDCs on the horizon: The current state of CBDC initiatives around the world
23.5.2023
Central bank digital currencies gain traction as countries worldwide engage in their development despite skepticism from the crypto community
JPMorgan Boss Warns ‘Everyone Should Be Prepared’ for Interest Rates ‘Going Higher From Here’
23.5.2023
JPMorgan Chase, the largest bank in the United States, held its investor day event on Monday, where CEO Jamie Dimon answered questions from analysts and journalists. Despite market expectations of a rate hike pause, Dimon cautioned that people “should be prepared for rates going higher from here.”...
Bitcoin of America to halt operating unlicensed crypto ATMs in Connecticut
23.5.2023
The Department of Banking highlighted that Bitcoin of America failed to obtain a license as a money transmitter to operate Bitcoin ATM kiosks in the state
SEC has no authority over crypto, argues defendants in $18M fraud lawsuit
23.5.2023
Two individuals sued by the SEC for allegedly running a fake crypto mining scheme are seeking the suit's dismissal, arguing the regulator has no authority over crypto
Ripple CEO: ‘Confusing’ US Crypto Rules Benefiting Europe
23.5.2023
The United States’ confusing crypto regulations have forced firms like Ripple to consider investing outside the country, and Europe has been a “significant beneficiary” of this confusion, Brad Garlinghouse has said. The Ripple CEO suggested that the United States needs to emulate...
US risks losing the crypto race to UAE, Korea, Aus and Switzerland: Ark
23.5.2023
The U.S. crypto ecosystem is facing a “void” of well-established and credible institutions, according to an analyst from Ark Invest
Bitcoin volatility drops amid decline in liquidity, but a possible catalyst is approaching
22.5.2023
Bitcoin volatility has dropped as new liquidity is not flowing into the market, but on-chain data presents multiple reasons why BTC investors continue to hold
OpenAI warns superhuman AI may arrive within a decade: ‘We have to get it right’
22.5.2023
OpenAI leadership weighed the pros and cons of trying to stop the development of superhuman AI and decided it was in humanity’s best interest to forge ahead
US university gets $20M to create new AI institute
22.5.2023
The U.S.-based university Carnegie Mellon received $20 million in federal funding to create a brand new AI institute aimed at shaping public policy
Biden won't accept debt deal protecting crypto traders — G7
21.5.2023
U.S. President Joe Biden expressed opposition to a debt ceiling deal that would allegedly benefit crypto traders
US Presidential candidate Vivek Ramaswamy to accept Bitcoin for campaign donations
21.5.2023
Ramaswamy stated, “Let’s make the 2024 election a referendum on fiat currency.”
Bitpay Ceases Prepaid Mastercard Program, Promises Enhanced Card Service in the Future
19.5.2023
Cryptocurrency proponents in the United States are facing increasing challenges when it comes to utilizing digital assets for expenditures. Several crypto companies have encountered difficulties in securing banking partners. This week, Bitpay, a prominent player in the crypto payments sector, made...
Rate Hikes Affecting Housing Markets in Eurozone, United States, ECB Study Shows
19.5.2023
Interest rate hikes in the euro area are already causing a decline in housing investment, the zone’s central bank revealed in a study. While smaller than in the United States, the impact of the monetary policy tightening on the Old Continent is likely to grow further, the regulator expects. Housing...