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Majority of Speculators Face Profit Losses, Experts Report

Majority of Speculators Face Profit Losses, Experts Report

Bitcoin’s plunge into its deepest correction since the end of 2022, falling below the 200 DMA, has resulted in unrealized losses for a significant portion of short-term investors, according to Glassnode. Following several months of sideways price action, #Bitcoin has experienced its deepest correction since late 2022, trading below the 200DMA, and putting a significant […]

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China Emerges as Leader in AI Adoption, Study Reveals

China Emerges as Leader in AI Adoption, Study Reveals

China has taken the lead in the adoption of generative artificial intelligence, according to a study by SAS and Coleman Parkes, as reported by Reuters. SAS, a company focused on AI and analytical software development, collaborated with Coleman Parkes, a research firm, to survey 1,600 individuals in executive positions across various industries worldwide. Among Chinese […]

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Coincall Celebrates Anniversary with 1 Million CALL Token Giveaway

Coincall Celebrates Anniversary with 1 Million CALL Token Giveaway

The cryptocurrency derivatives platform Coincall will distribute 1 million CALL tokens by the end of July to mark its first anniversary. This was announced in a press release. The exchange will credit tokens to verified Coincall accounts. Users can earn additional rewards for daily visits to the trading platform. Coincall will also host various promotions […]

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What is money worth? How currency sanctions affected Russia’s P2P market

What is money worth? How currency sanctions affected Russia’s P2P market

On 12 June the Moscow Exchange and the National Clearing Centre (NCC) were added to the sanctions list of OFAC. The next day the venue halted trading in the dollar and the euro. ForkLog examined how the sanctions have affected Russia’s crypto P2P market and why digital assets have become more attractive to local investors. […]

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Microsoft Withdraws Observer from OpenAI Board Amid Antitrust Concerns

Microsoft Withdraws Observer from OpenAI Board Amid Antitrust Concerns

Microsoft has withdrawn its representative from the observer seat on OpenAI’s board of directors, according to Bloomberg, citing sources. The company, which invested $13 billion in the creator of ChatGPT, sent a letter to the AI startup announcing its departure from the board. “Over the past eight months, we have witnessed significant progress from the […]

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Bank of Russia Rules Out Stablecoins for Domestic Payments

Bank of Russia Rules Out Stablecoins for Domestic Payments

Stablecoins lack the characteristics of a universal payment method, such as the national currency, and thus their use in transactions between Russian residents is deemed unacceptable, according to a statement from the Bank of Russia. An analytical report highlighted that the emergence of “stable coins” was a response to the excessive volatility of cryptocurrencies and […]

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Uniswap Labs Urges SEC to Reconsider DeFi Regulation Efforts

Uniswap Labs Urges SEC to Reconsider DeFi Regulation Efforts

Uniswap Labs, associated with the DEX Uniswap, has urged the SEC to abandon its proposal to regulate the DeFi sector, citing a recent U.S. Supreme Court decision. Both the SEC and the industry have better ways to spend their resources than in litigation over an unlawful rule. Our letter to the SEC is here: https://t.co/yAltMdmD3e. […]

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Sentencing Dates Set for Former FTX Executives

Sentencing Dates Set for Former FTX Executives

Hearings for the co-founder of the collapsed FTX exchange, Gary Wang, and its former CTO Nishad Singh are scheduled for the autumn, according to court documents. Singh’s sentencing is set for October 30 in New York, while Wang’s will be on November 20. Both former executives of the trading platform have pleaded guilty and cooperated […]

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German Bitcoin Sales Clarified by Expert

German Bitcoin Sales Clarified by Expert

Recent reports of Bitcoin sales by German authorities are somewhat misleading. The assets are being sold by the government of the federal state of Saxony, which lacks the capacity to hold the coins, according to CoinDesk. In January, the regional Criminal Police Office seized 49,857 BTC from the administrators of the pirate movie site Movie2k. […]

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Elon Musk’s xAI Declines New Oracle Chips

Elon Musk’s AI startup xAI and technology company Oracle failed to reach a compromise during negotiations to expand a $10 billion server lease agreement, according to The Information. Discussions were halted due to disagreements over timelines and power supply issues, media reports indicate. The existing chip lease agreement with Oracle remains in effect. Elon Musk […]

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Bitwise Nears Final Steps for Ethereum ETF Approval

Bitwise Nears Final Steps for Ethereum ETF Approval

All indications suggest that the final formalities before the registration of spot Ethereum ETFs are approaching. This was stated by Bitwise’s Chief Compliance Officer, Katherine Dowling. Bitwise Chief Compliance Officer Katherine Dowling discusses her firm’s Ether ETF application and the potential for new products tied to crypto https://t.co/hKIvliRCnX pic.twitter.com/PvMFeG4wWU — Bloomberg Crypto (@crypto) July 9, […]

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Bitcoin Rallies Following Fed Chair's Remarks

Bitcoin Rallies Following Fed Chair’s Remarks

The price of the leading cryptocurrency climbed back above $59,000 following a speech by Federal Reserve Chair Jerome Powell in the Senate. Bitcoin’s value rose by 3.3% over the past day. The market capitalization increased by 2.5%, reaching $2.23 billion. Data: CoinGecko. Ethereum’s price exceeded $3100. Despite a 7.6% decline over the past week, it […]

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