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AI boom to beat electricity and PCs, $200B investment by 2025: Goldman Sachs
3.8.2023
Economists from Goldman Sachs predict that AI investment could account for up to 4% of GDP in the United States by 2025
Mixed signals: Binance denies reports of $90 billion in crypto trades in China
2.8.2023
Binance has refuted claims published in the Wall Street Journal that despite China’s crypto ban, the exchange has conducted billions in crypto-related business in the country
Tether Attestation Reveals Reserve Increase of $850 Million in Q2, Excess Reserves Reach $3.3 Billion
1.8.2023
Tether, the company behind the USDT stablecoin, has published an attestation revealing the company’s financials during Q2 2023. The document, prepared by BDO, a network of accounting and consulting services, found Tether has increased its reserves by $850 million during this period, with...
Analyzing Mark Zuckerberg's Metaverse Investment: $21 Billion in Losses So Far
1.8.2023
Facebook boss Mark Zuckerberg’s metaverse push has so far cost his company $21 billion, with little to show for in terms of real results, according to a recent Bloomberg opinion piece.
For the massive amount of money spent on developing a metaverse, Zuckerberg and Facebook-owner Meta have only...
Tether's Q2 Results: $3.3 Billion in Excess Reserves, Surpassing $1 Billion in Operational Profits
1.8.2023
Stablecoin issuer Tether’s consolidated reserves report for the second quarter of 2023 shows that the company has around $3.3 billion in excess reserves, while profits increased 30% from last quarter to over $1 billion.
The report, which was attested by accounting firm BDO, noted that the excess...
SEC Files Lawsuit Against Richard Heart and Companies Hex, Pulsechain, and Pulsex
31.7.2023
The U.S. Securities and Exchange Commission (SEC) filed a lawsuit Friday against Richard Schueler, known as Richard Heart, and his companies Hex, Pulsechain, and Pulsex, alleging they raised more than $1 billion through unregistered securities offerings. SEC Lawsuit Accuses Richard Heart of Running...
Tether’s excess reserves up to $3.3B, holds $72.5B worth of US Treasury bills
31.7.2023
Tether has released its latest reserves attestation for USDT, with its excess reserves increasing to $3.3 billion
Bitcoin Price Prediction as Daily Trading Volume Falls to $3 Billion – Are Whales Leaving the Market?
30.7.2023
As Bitcoin's price hovers at $29,366, reflecting a slight 0.22 percent decrease on Sunday, concerns arise about the declining daily trading volume, potentially signaling a departure of whales from the market.
Adding to the uncertainty, SEC Chair Gary Gensler highlights the highly speculative...
Bitcoin Price Prediction as Weekend Trading Volume Falls to $10 Billion – Is a Big Move on the Way?
29.7.2023
Bitcoin is currently trading at $29,436, experiencing a slight increase of nearly 0.50% on Saturday.
As the weekend commences, market participants wonder if this low trading volume of $10 billion could be a precursor to a significant price swing.
In other news, the White House forecasts a surge...
Bankruptcy Tussle Between Crypto Firms FTX and Genesis Nears Resolution
29.7.2023
The long-standing legal feud between FTX Trading and Genesis Global Holdco is taking a turn towards resolution. The two parties have reached an initial agreement, in principle, following bankruptcy protection disputes that have made industry headlines. An official letter to the bankruptcy judge...
XRP Price Prediction as $1 Billion Trading Volume Floods In – Time to Buy?
28.7.2023
The XRP price has recovered a little in the past hour after falling by 0.5% in day, with its current level of $0.711867 marking an 8% loss in the last seven days.
Despite the correction it has suffered in the past week or so, XRP remains up by 50% in a month and by more than 100% since...
Binance Introduces FDUSD Listing Amid Stablecoin Market Decline, Faces Initial ‘Technical’ Setback
26.7.2023
As the stablecoin market economy witnessed a loss exceeding $3 billion within a 40-day span, several fresh stablecoin endeavors are emerging. Binance, the globe’s leading exchange by trade volume, unveiled three new trading pairs attached to a stablecoin labeled first digital usd (FDUSD)...
EOS Foundation to sue Block.one on failure to honor $1B commitment
26.7.2023
Potential plaintiffs in the new lawsuit by ENF may need to opt out of other suits against Block.one to be eligible to participate
Stablecoin Economy Sees $3 Billion Drop: Leading USD Tokens Shrink as Euro-Anchored Projects Display Resilience
25.7.2023
The stablecoin economy continues to shrink, with more than $3 billion in value removed from today’s top stablecoin valuations in less than 40 days. The dollar-pegged tokens USDP and GUSD experienced the largest 30-day reductions, shedding 45.1% and 27.2%, respectively. Top Stablecoins...
Worldcoin Price Prediction as WLD Reaches $20 Billion Market Cap Straight After Launch – Can Worldcoin Overtake Bitcoin?
25.7.2023
The price of Worldcoin (WLD) has hit a $20 billion market valuation barely 24 hours after launch, with the Sam Altman-founded coin hitting an all-time high of $3.30 soon after its listing on exchanges.
However, WLD is now down by 35% since hitting yesterday's peak, with the altcoin also down...
AI Crypto Economy Suffers $1.42B Loss Since February Peak; Top Tokens Record Weekly Declines
24.7.2023
In February 2023, the AI-driven cryptocurrency sector reached a staggering $4 billion in value. Yet, it has since experienced a downturn of $1.42 billion. Over the last week, eight of the top 10 AI-based crypto tokens saw declines against the U.S. dollar. Downturn Hits AI Crypto Market Once...
XRP Price Prediction as $1.2 Billion Trading Volume Comes In – Are Whales Buying?
24.7.2023
The XRP price has dropped by 2.5% in the past 24 hours, falling to $0.719308 as the cryptocurrency market as a whole barely moves.
XRP is now down by 4% in the past week, having lost momentum following the rally it enjoyed in the wake of the Ripple-SEC ruling.
Nonetheless, the altcoin remains...
Bitcoin Price Prediction as Trading Volume Falls to $5 Billion in 24 Hours – Here's Why
23.7.2023
Amidst the dynamic and ever-changing landscape of the cryptocurrency market, Bitcoin's recent performance has been under scrutiny.
Currently trading at 29,890, the world's leading digital currency has experienced a slight decrease of nearly 0.25% on Sunday.
However, what has drawn significant...
China’s Central Bank: Digital Yuan Transactions Reach $250 Billion
23.7.2023
China’s central bank governor has revealed that transactions using the country’s central bank digital currency (CBDC) reached 1.8 trillion yuan ($250 billion) at the end of June. In addition, the People’s Bank of China (PBOC) official stated that digital yuan in circulation amounted...
New York Couple Set to Plead Guilty in $4.5 Billion Bitcoin-Laundering Case
22.7.2023
A married New York couple is preparing to plead guilty to charges of conspiring to launder billions of dollars worth of Bitcoin (BTC), which was stolen during the notorious 2016 hack of crypto exchange Bitfinex.
Ilya Lichtenstein and Heather Morgan, who were charged in February last year after...