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Morgan Stanley to Offer Bitcoin ETFs to Clients

Morgan Stanley to Offer Bitcoin ETFs to Clients

Fifteen thousand financial advisors at Morgan Stanley will offer exchange-traded funds based on the leading cryptocurrency to their clients, according to CNBC, citing sources. The funds in question are IBIT from BlackRock and FBTC from Fidelity. The offering will be available to clients with a net worth of at least $1.5 million starting Wednesday, August […]

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Bitcoin Falls Below $62,000; Ethereum Dips Under $3,000

Bitcoin Falls Below $62,000; Ethereum Dips Under $3,000

In the early hours of Saturday, August 3, the price of the leading cryptocurrency fell below $62,000, losing 4.2% over the past 24 hours. Daily chart of BTC/USDT on Binance. Data: TradingView. At the time of writing, Bitcoin is trading at $61,750. The second-largest cryptocurrency by market capitalization fell below the psychological threshold of $3,000 […]

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Cryptonator Founder Charged with $235 Million Laundering, Monero Wallet Leak Scam, and Other Cybersecurity Events

Cryptonator Founder Charged with $235 Million Laundering, Monero Wallet Leak Scam, and Other Cybersecurity Events

We have compiled the most important cybersecurity news of the week. The founder of the online wallet Cryptonator has been accused of laundering $235 million. Hackers simulated a crypto wallet leak to profit from “greedy” users. Bitcoin exchange Gemini disclosed an incident affecting 15,000 clients. An unnamed company paid a record $75 million to ransomware […]

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Bitfarms Faces Challenges with Bitmain Bitcoin Miners

Bitfarms Faces Challenges with Bitmain Bitcoin Miners

In July, the mining firm Bitfarms failed to achieve its target hash rate of 12 EH/s due to performance issues with approximately 3,000 new Antminer T21 units from Bitmain. #Bitfarms Provides July 2024 Production and Operations Update — Earned 253 BTC in July 2024— 24.6 BTC/average EH/s— Added 111 BTC, bringing Treasury to 1,016 BTC— […]

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Elliott Management Criticizes Nvidia's AI Valuation as Overinflated

Elliott Management Criticizes Nvidia’s AI Valuation as Overinflated

Nvidia is “in a bubble,” and the AI technology driving the company’s stock price is “overvalued,” according to hedge fund Elliott Management in a letter to clients, reports FT. The firm, which manages assets worth approximately $70 billion, expressed “skepticism” about large tech companies continuing to purchase Nvidia’s graphics processors in significant volumes. “Artificial intelligence […]

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Kazakhstan Recovers $500,000 from Bitcoin Pyramid Scheme

Kazakhstan Recovers $500,000 from Bitcoin Pyramid Scheme

Officials from Kazakhstan’s AFM tracked down assets worth 250 million tenge (over $520,000) from the Eolus cryptocurrency pyramid scheme, which had defrauded nearly 2,500 citizens nationwide. The investigation into the fraudulent fund-raising scheme spanned several months. The perpetrators transferred the assets obtained from investors through numerous transit crypto wallets. The agency succeeded in tracing the […]

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VanEck CEO Predicts Bitcoin Could Reach $350,000

VanEck CEO Predicts Bitcoin Could Reach $350,000

The maturation of the leading cryptocurrency will eventually see its market capitalization reach half that of gold, according to VanEck CEO Jan van Eck in an interview with Fox Business. VanEck CEO: Bitcoin will hit $2.9M by 2050https://t.co/V3QLjWk3WG — FOX Business (@FoxBusiness) August 1, 2024 Based on the current market capitalization of gold, this forecast […]

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AI-Powered Robots Perform First Dental Surgery

An autonomous robot equipped with artificial intelligence has conducted a full dental procedure for the first time, according to New Atlas. The Boston-based company Perceptive employs a handheld 3D scanner to create a detailed model of a patient’s mouth, including teeth, gums, and nerves. This is achieved using optical coherence tomography (OCT). Example of OCT. […]

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AEVO Plummets 90% from Peak as OKX Chief Raises Concerns Over Listings

AEVO Plummets 90% from Peak as OKX Chief Raises Concerns Over Listings

Since its launch in March, the native token of the L2 cryptocurrency derivatives platform Aevo (AEVO) has plunged from a high of $3.7 to $0.43, a nearly 90% drop. Daily chart of AEVO/USDT on Binance. Data: TradingView. According to CoinGecko, the token’s market capitalization has tumbled from a peak of $900 million to $373 million. […]

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Former Uphold CEO Backs Kamala Harris's Presidential Aspirations

Former Uphold CEO Backs Kamala Harris’s Presidential Aspirations

Board member and former CEO of the bitcoin exchange Uphold, J.P. Thieriot, has expressed support for U.S. Vice President Kamala Harris in her bid for the presidency, according to CoinDesk. Thieriot plans to raise funds and secure industry endorsement for her candidacy. This initiative aims to counteract the impact of recent positive comments about the […]

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CleanSpark Acquires 75 MW Bitcoin Farm Under US Scrutiny

CleanSpark Acquires 75 MW Bitcoin Farm Under US Scrutiny

CleanSpark has announced the completion of its acquisition of an operational Bitcoin mining facility in Wyoming, USA, with an available capacity of 75 MW. We’ve executed 75 MW of power contracts and completed the acquisition of our first #Bitcoin mining site in Wyoming! With a power capacity of 30 MW, it’s expected to add over […]

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Intel to Cut 15,000 Jobs Amid AI Competition

Intel to Cut 15,000 Jobs Amid AI Competition

Intel announced the layoff of 15% of its workforce, or approximately 15,000 employees, as it lags in the AI race. The decision is part of a plan to reduce expenses by $10 billion by 2025, linked to the company’s poor financial performance, as reflected in its second-quarter earnings report. The firm reported a loss of […]

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