Three of America’s biggest banks just watched $84.5 billion worth of deposits disappear in a single quarter. JPMorgan Chase, Wells Fargo and Citi all recorded an outflow of deposits in Q3, according to each bank’s most recent reports. JPMorgan Chase’s new Q3 earnings report details a $31 billion decrease in deposits from $2.387 trillion to …
Monthly archives: October 2023
Ethereum (ETH) Surges Past ‘Milestone Moment’ for Crypto Adoption, According to Analytics Firm IntoTheBlock
Crypto analytics firm IntoTheBlock says that Ethereum (ETH) has just hit a “milestone moment for crypto adoption.” The firm notes Ethereum officially crossed 100 million addresses with a balance. Fellow crypto analytics firm Glassnode reported that the number of non-zero ETH addresses was more than 100,000 back in July, but IntoTheBlock says it excluded “dust” …
‘Every customer solution’ will be integrated with AI: Microsoft CEO Satya Nadella
In an annual letter, Satya Nadella outlined Microsoft’s plans for AI, which includes integrating the AI and its Copilot across the firm’s “most used products.” News Join us on social networks Microsoft looks set to go all-in on artificial intelligence, with CEO and chairman Satya Nadella outlining intentions to integrate AI with essentially all its …
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Coinbase Bullish: Bitcoin ETF Approval Expected After SEC’s Defeat
In a recent CNBC report, Coinbase, the largest cryptocurrency exchange in the United States, expressed confidence in the approval of a US-based Bitcoin (BTC) exchange-traded fund (ETF) by the Securities and Exchange Commission (SEC). Paul Grewal, Coinbase’s Chief Legal Officer, highlighted that the SEC’s recent court setback in the case of Grayscale’s proposed Bitcoin ETF …
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FBI Busts Indian Citizen Group For $15 Million Crypto-To-Cash Money Laundering Scheme
In a recent crypto investigation, the US FBI successfully infiltrated a group of Indian citizens suspected of engaging in illicit activities involving the exchange of cryptocurrency for over $15 million in cash. The alleged transactions took place at various locations in Westchester County, with the group catering to customers seeking anonymity for their activities. Crypto …
CEO Is Super Bullish On Solana, Predicts SOL To 2X If This Pattern Is Confirmed
Raoul Pal, the founder of Real Vision and one of crypto frequent commentators, thinks SOL, the native currency of Solana, a smart contract platform, has “been extremely bullish all year.” In Pal’s assessment, the coin will likely double in the next few sessions, especially if there is a welcomed breakout above the immediate liquidation level. Taking to …
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Cardano’s Uncertain Path: Analyst Predicts Plunge, But What’s Next For ADA?
Recent analytical insights from JB, a crypto analyst from the Cheeky Crypto YouTube channel, suggest that Cardano (ADA) one of the leading altcoins in the crypto market might face a plunge before any potential resurgence. Anticipating A Downward Trend According to JB’s analysis, Cardano is possibly on the brink of a price dip. Following the …
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xDay Event Day 2: Google, Amazon, Binance Labs, And A Chat With Sunny Aggarwal
In the next three days, our team at NewsBTC will cover xDay 2023, an event organized by MultiversX in the Palace of Parliament, Romania. Formerly known as Elrond, the project rebranded in 2022 and focused on the Metaverse, scalability, and global adoption by simplifying users’ access to crypto. MultiversX’s native token EGLD trends to the …
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Bitcoin Minetrix Stage 2 Ends Soon: Last Chance To Get In On The Potential Bitcoin 2024 Bull Run
As the second stage of Bitcoin Minetrix’s presale approaches its last few days, industry experts are highlighting its significance in the crypto market boom this […] Go to Source
Chamber Of Digital Commerce Wants SEC Lawsuit Against Binance Dismissed
The US-based Chamber of Digital Commerce has aligned itself with Binance as the world’s largest crypto exchange attempts to dismiss a US Securities and Exchange […] Go to Source
U.S. Treasury Targets Crypto Mixers In Crack Down On Money Laundering Following Hamas Attack
The US Treasury Department wants to label crypto mixers a ”primary money laundering concern” as it moves to crack down on terrorist groups that have […] Go to Source
XRP Soars As SEC’s ”Stunning Capitulation” Sees It Drop Case Against Ripple’s Garlinghouse, Larsen
XRP surged more than 8% after the Securities and Exchange Commission (SEC) dropped charges against two top Ripple executives in what they called a ”stunning […] Go to Source
Crypto Lobby Group Files Amicus Brief in SEC Lawsuit Against Binance, Likens Exchange to E-Commerce Giant Amazon
A crypto lobbying group is petitioning the courts in favor of Binance in the exchange’s lawsuit with the U.S. Securities and Exchange Commission (SEC). In an amicus briefing filed yesterday, the Chamber of Digital Commerce told the U.S. District Court of Columbia that the US, once a haven for new tech, is pushing away crypto and blockchain …
Games need decentralized randomness to be fair
Does your RNG have sufficient randomness? Is it secure against tampering? Is it decentralized? These qualities are critical to building a viable metaverse. Expert Take Join us on social networks Quantum mechanics tells us that what looks like a highly predictable and orderly universe is built on a world of unpredictability and mere probability. While …
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Singapore court authorizes freeze order attached to wallets as soulbound NFT
A British investigative firm tracked down stolen funds and convinced the High Court of Singapore to mark the wallets containing the funds permanently with its order. News Join us on social networks The Singapore High Court has allowed financial investigation firm Intelligent Sanctuary (iSanctuary) to attach nonfungible tokens (NFTs) containing a legal document to cold …
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