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AI Powerhouse Openai Reportedly Seeking to Raise $6.5 Billion at a $150 Billion Valuation
14.9.2024
Openai, the company at the center of the artificial intelligence (AI) revolution, is reportedly seeking to raise $6.5 billion from investors, reaching a valuation of $150 billion. According to Bloomberg, the funds would be used to support the need for computing power and other expenses, as stated...
CFTC Teams up With SEC to Fight Cryptocurrency Scams
14.9.2024
The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic relationships. These partnerships aim to help consumers...
In-Depth Study Reveals Stablecoins as Pivotal Players in Global Finance
13.9.2024
As digital economies evolve, stablecoins emerge not just as mere facilitators for crypto trading but as pivotal tools in global financial systems. A comprehensive report by Castle Island Ventures and Brevan Howard Digital, sponsored by Visa, unveils the profound impact of stablecoins on monetary...
Nigeria Accuses Four Crypto Traders of Forex Regulations Violations
13.9.2024
The Nigerian government has filed criminal charges against four individuals and several firms for allegedly conducting illegal crypto transactions, including USDT to naira conversions, without a banking license. The four are Ejiogu A. Chinedu, Nnamdi F. Okereke, Oty Ugochukwu Stanley,...
Trump’s crypto platform launch, Uniswap denies charging for protocol deployment: Finance Redefined
13.9.2024
Trump is launching the World Liberty Financial DeFi platform, Uniswap’s CEO denies charging for protocol deployment, and the Sonic blockchain hits 720ms finality
Hamster Kombat Scores Binance Listing, Updates HMSTR Supply Before Airdrop
13.9.2024
Hamster Kombat, one of the world’s most successful Web3 games, has announced that Binance will list its HMSTR token and will include the project as the 58th initiative part of its Launchpool structure. Hamster Kombat’s team also stated that HMSTR would have a total supply of...
SEC ‘regrets any confusion’ from dubbing tokens as securities: filing
13.9.2024
The retraction arose from the SEC’s lawsuit against Binance, but the agency is still pursuing claims against the crypto exchange for alleged securities law violations
Saudi Minister Hints at 86 Million Tonnes of Petroyuan Adoption, States Country Is ‘Open to New Ideas’
13.9.2024
Bandar Alkhorayef, Saudi Minister of Industry and Mineral Resources, stated that while the petroyuan – the use of the Chinese currency to settle oil shipments – was not “substantial to the ministry,” the country was open to new ideas, trying not to mix politics and commerce....
Worldcoin’s World ID gets bridge to Solana via Wormhole
13.9.2024
Wormhole was one of 17 projects to receive a Worldcoin Wave 1 Community Grant
USDC Issuer Circle Moves Headquarter To NY City
13.9.2024
Circle, the issuer of USD Coin (USDC), is making a bold move by relocating its global headquarters to…
Wazirx Users May Face Delays Amid Binance Dispute and Moratorium Uncertainty
13.9.2024
Indian cryptocurrency exchange Wazirx has warned users that they may have to wait until the dispute with Binance is resolved if the moratorium, filed in Singapore, is not granted. Wazirx explained that Zettai holds the cryptocurrency tokens under protest. “If Binance is deemed the owner,...
SEC expands Binance lawsuit: AXS, FIL, ATOM now securities
13.9.2024
The SEC’s latest lawsuit update targets additional tokens like Axie Infinity, Filecoin, and Cosmos as unregistered securities, continuing its crackdown on the crypto industry
WazirX Hack: Bleak Outlook if Singapore Moratorium is Rejected
13.9.2024
WazirX, a prominent Indian crypto exchange, is currently grappling with the aftermath of the $230 million hack on…
Microstrategy Buys 18,300 More Bitcoins, Boosting Total Holdings to 244,800 BTC
13.9.2024
Microstrategy has acquired 18,300 additional bitcoins for $1.11 billion, funded through stock sales. As of Sept. 12, the company holds 244,800 BTC, purchased at a total cost of $9.45 billion. Executive chairman Michael Saylor announced a BTC yield of 17.0% year-to-date. This acquisition was made...
Trump’s Crypto Venture Associated With Infamous Chase Herro
13.9.2024
As the US election between Donald Trump & Kamala Harris heats up, cryptocurrencies are increasingly becoming an important…
SUI Token Grows as Grayscale Launches its Trust
13.9.2024
SUI became one of the biggest gainers among the top cryptocurrencies in terms of market cap around the…
Bitcoin and Ethereum Mining Wallets have seen Declining Supply
13.9.2024
According to Santiment, there has been a declining supply of Bitcoin and Ethereum mining wallets held since the…
Ether Spot ETF saw Net Outflows of $20.1 M on September 12, 2024 ET
13.9.2024
As of September 12, 2024, Eastern Time, Spot Ether ETF had $20.1 million in net outflows. It was…
Daily Crypto Update: Market Slows Down but Fear Remains Prevalent
13.9.2024
The crypto market has been experiencing constant growth over the past several weekends. That appears to be the…
Crypto September Outlook: $600M BTC Outflows, Upcoming Fed Rate Cut, And New Market Opportunities
13.9.2024
As September 2024 unfolds, the crypto landscape is witnessing significant shifts that could shape the market’s trajectory. With…