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AI & Crypto collide? OpenAI seeks $7T for Sora AI
22.2.2024
Sam Altman, the Chief Executive Officer of Open AI, said that they are targeting to raise $7 trillion in funding for Sora, a text-to-video model. Sora basically creates a video based on the verbal prompt. Sam plans to utilize the funds to design and manufacture chips for the model. What has sparked...
Nvidia’s earnings triumph spurs AI token surge, signaling a new era for tech markets
22.2.2024
Three AI-related cryptocurrencies saw a surge in their validation. The increase is attributable to Nvidia’s earnings report. These pertain to the numbers for the fourth quarter of 2023 and the estimated numbers for the first quarter of 2024. For starters, the earnings per share of Nvidia...
Binance Coin Price Prediction as BNB Becomes Top 4 Coin in the World – Time to Buy?
22.2.2024
Binance’s BNB token has flipped Solana to become the fourth largest cryptocurrency by market capitalization, according to data by CoinGecko. The two leading altcoins had seriously divergent price movements over the last seven days. BNB grew 10% while SOL dropped by 9.4%. BNB currently changes...
Embracing XRP for transactions: A business guide
22.2.2024
Embedding XRP for operations introduces an absolute breakthrough to the digital payment arena characterized by sheer speed, proficiency, and cost-effectiveness. Through its decentralized cryptocurrency built on superior Ripple protocol, XRP ensures fast cross-border transactions in seconds that...
Investor challenges Ethereum’s valuation amid declining usage and rising alternatives
22.2.2024
Ethereum is inching closer to the milestone of $3,000 as the article is being drafted. It is poised to soon set a new support level of $3,200, probably by the end of this year. However, one crypto investor pointed out that Ether is currently overvalued. Fred Krueger even said that the supporters...
Coinbase: Over Half of Finance-Savvy Singaporeans Own Crypto and View it as Future of Finance
22.2.2024
More than half of finance-savvy Singaporeans have embraced cryptocurrency and consider it the future of finance.
The post Coinbase: Over Half of Finance-Savvy Singaporeans Own Crypto and View it as Future of Finance appeared first on Cryptonews
ECB Says ETF Approval Does Not Change Bitcoin’s Unsuitability as Payment or Investment
22.2.2024
The European Central Bank (ECB) has reiterated its position on Bitcoin (BTC), stating that the approval of spot ETFs for the cryptocurrency does not change its unsuitability as a means of payment or investment.
The post ECB Says ETF Approval Does Not Change Bitcoin’s Unsuitability as Payment...
Privacy Coins Under Attack – Not Down for the Count Yet
22.2.2024
The delisting of monero by Binance marked a significant turning point for privacy coins, showcasing the growing impact of regulatory demands on privacy-focused projects, while also spotlighting emerging projects like Zano that aim to navigate these challenges. Regulatory Pressures Set to Reshape...
UNUS SED LEO replaces VeChain & Stellar in 2024 investor emphasis
22.2.2024
VeChain and Stellar, two of the most notable names in the crypto market, are now losing steam among investors. While the coins started with strong price gains, 2023 saw the duo suffer from slow adoption. A major reason behind the sluggishness was the long crypto winter. However, the period also...
Is Monero anonymous? How untraceable is XMR?
22.2.2024
Monero, introduced in 2014, stands out among cryptocurrencies for its robust emphasis on privacy, decentralization, and fungibility. Its privacy-centric approach is realized through innovative techniques such as ring signatures, stealth addresses, and confidential transactions. Ring signatures...
Stablecoin Issuer Circle Announces Discontinuation of USDC Support on Tron Blockchain
22.2.2024
The U.S. financial technology firm Circle said on Feb. 21 that it will discontinue support for USDC on Tron blockchain. The move comes just a few months after Circle refuted allegations that it was Tron blockchain founder Justin Sun’s bank. Despite discontinuing support for USDC on Tron...
Beyond Bitcoin: Ripple CEO Says Approval of Multiple Crypto ETFs ‘Inevitable’ — Embraces Idea of Spot XRP ETF
22.2.2024
Ripple CEO Brad Garlinghouse believes that the U.S. Securities and Exchange Commission (SEC) will approve spot exchange-traded funds (ETFs) based on crypto tokens other than bitcoin. “I think it’s inevitable that there’ll be multiple ETFs around different tokens,”...
Fundstrat’s Tom Lee Anticipates Bitcoin Hitting $150K This Year — Calls BTC ‘Sound Money’
22.2.2024
Fundstrat’s head of research, Tom Lee, has doubled down on his $150,000 bitcoin price prediction, stating that the crypto could reach that price level this year. He cited three key reasons driving his bullish price forecast. Describing bitcoin as “sound money,” he emphasized...
Nigerian Users Criticize Binance for Imposing Exchange Rate Caps on USDT to Naira Transactions
22.2.2024
Some Nigeria-based users of Binance’s peer-to-peer platform have blasted the crypto exchange’s decision to block or remove traders quoting USDT to naira exchange rates exceeding NGN1,802. Binance says it has the right to remove “users behaving in a malicious or manipulative...
Crypto Markets Experience Minor Setback as Major Coins Dip, While Select Tokens Buck the Trend
21.2.2024
On Wednesday, the crypto market experienced a modest downturn, with a 1% decrease in its overall value across the board, as bitcoin and ethereum saw declines of 0.51% and 0.45%, respectively. Bitcoin momentarily reached the $53,000 mark the day prior, while ether soared past the $3,000 threshold...
Do Kwon’s Fate Sealed — Montenegro High Court Opts for US Extradition in Legal Tug-of-War
21.2.2024
In a landmark decision, the High Court in Podgorica has ruled that the former Terraform Labs CEO, Do Kwon, will be extradited to the United States, sidelining South Korea’s request for his extradition. The court’s ruling comes after extensive deliberations on the legal and political...
Blockchain-Focused Super Pac Raises Millions From Crypto Magnates in January
21.2.2024
According to a recent report, a super political action committee (PAC) focused on the cryptocurrency industry has secured $4.9 million in contributions from Cameron Winklevoss and Tyler Winklevoss. Additionally, the super PAC named Fairshake amassed $6.3 million in funds last month, as per records...
Bitcoin Technical Analysis: Oscillators and Averages Point to a Market at Crossroads
21.2.2024
As bitcoin navigates through the volatile waves of the crypto market, its price on Feb. 21, 2024, reflects a complex interplay of market dynamics. Oscillating between $50,820 and $52,902 within a 24-hour frame, the leading digital currency continues to showcase significant trading activity. With...
Switzerland’s Postfinance Launches Crypto Trading and Custody Service
21.2.2024
Swiss Post’s financial subsidiary, Postfinance, has launched a new cryptocurrency trading and custody service. Customers can use the service to “purchase or securely store an initial range of 11 cryptocurrencies at the click of a mouse or even set up a crypto saving plan,”...
Gala Films sheds light on the conversion of POPCORN! to $FILM
21.2.2024
Gala Films announces the upcoming conversion of POPCORN! to $FILM to fuel the decentralized world of entertainment. $FILM is posed to ultimately take center stage as the native currency of the digital ecosystem. It will help members earn rewards and support projects, to mention a few examples....