In the dynamic landscape of cryptocurrency, where innovation drives market trends and investors seek the next big opportunity, predictions about the direction of the market hold significant weight. As anticipation builds for the anticipated 2024 bull run, a groundbreaking forecast has emerged from the realm of artificial intelligence: Cogwise AI predicts that AI projects will …
Monthly archives: March 2024
Troubled New York Bank Receiving $1,000,000,000 Liquidity Injection in Push to Save Ailing Lender
An ailing New York bank just announced an injection of $1 billion in capital in a push to stay afloat. New York Community Bank says the infusion was led by former U.S. Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital, as well as Hudson Bay and Reverence Capital. In a press release, Mnuchin says he believes …
Fundstrat’s Tom Lee Doubles Down on Massive Year-End Bitcoin Price Target As BTC Nears All-Time Highs
The chief executive of market insights platform Fundstrat is doubling down on his bold year-end prediction for Bitcoin (BTC). In a new interview on CNBC, Tom Lee says BTC is controversial because it “represents trust in a trustless world,” which makes it difficult to stomach for older investors who are used to private banks and …
Altcoins Likely To Outperform Bitcoin by Many Multiples, According to Pantera Portfolio Manager
Pantera Capital portfolio manager Cosmo Jiang says that the firm is expecting altcoins to outperform Bitcoin (BTC) by “many multiples” in the current market cycle. In a new interview with Yahoo Finance, Jiang says that the growing number of altcoins could entice traders to invest in crypto assets other than Bitcoin – something he noticed …
UK Metropolitan Police Holding $3,883,974,968 in Bitcoin (BTC) From 2018 Seizure: Arkham Intelligence
London’s Metropolitan Police hold more than $3.88 billion worth of Bitcoin (BTC) from a massive 2018 seizure, according to crypto analytics firm Arkham Intelligence. Arkham notes the United Kingdom law enforcement agency seized 61,000 Bitcoin from Jian Wen and Zhimin Qian back in 2018 and subsequently gained access to the crypto assets years later. “The …
SEC Says Binance “Unwilling” To Answer Key Questions, Asks Court To Order It To Comply
The US Securities and Exchange Commission (SEC) said it’s reached an impasse with Binance.US because the crypto exchange is failing to answer key questions in […] Go to Source
Spot Bitcoin ETFs Hit Record $10 Billion In Trading Volume As Bitcoin Goes On A Rollercoaster Ride
Spot Bitcoin exchange-traded funds (ETFs) created a new record with $10 billion in trading volumes as BTC surged to a new all-time high above $69,000 […] Go to Source
Solana Airdrop Meme Coin $SMOG Explodes As It Defies Bitcoin Price Correction To Hit New All-Time Highs
The fastest-growing Solana meme coin $SMOG is hammering new all-time highs as the token goes parabolic into price exploration. As $SMOG skyrockets market participants are […] Go to Source
Bitcoin ETF Titan Grayscale Launches A Crypto Staking Fund To Offer Income To Investors
Grayscale has launched a new fund that stakes cryptocurrencies to generate income for investors. The company’s CEO, Michael Sonnenshein, called the new fund “an important […] Go to Source
BlackRock Files With SEC To Include Bitcoin ETF Exposure for In-House Investment Fund
Asset management giant BlackRock is planning on including spot market Bitcoin (BTC) exchange-traded fund (ETF) exposure in its proposed in-house investment fund. BlackRock recently submitted a prospectus to the U.S. Securities and Exchange Commission (SEC) related to its proposed “Strategic Income Opportunities Portfolio,” a fund that will invest in high-yield securities, international securities, emerging markets …
IRS Targeting Bitcoin and Crypto Traders As Digital Currencies Become Top Priority For Agency: Report
The U.S. Internal Revenue Service (IRS) is gearing up for a new campaign to tackle the digital assets industry and the tax implications that come with it. To prepare for collecting crypto tax, the IRS recently hired industry veterans Sulolit “Raj” Mukherjee and Seth Wilks to serve as executive advisers for the agency. Mukherjee previously …
Sui Chosen as a Foundational Partner for Groundbreaking Web 3.0 Data Service As ZettaBlock Launches Open Beta
March 5, 2024 – Grand Cayman, Cayman Islands Sui is one of 12 networks that will be integrated at ZettaBlock’s Open Beta launch, giving builders seamless access to a powerful new source of Web 3.0 data platform. Sui, the lightning-fast, infinitely horizontally scalable layer one blockchain that has quickly become a leading destination for DeFi …
OpenAI counters Elon Musk’s lawsuit, reveals tech mogul predicted their failure
Artificial intelligence company OpenAI has announced its intention to dismiss all allegations made by Elon Musk, revealing the tech billionaire initially assigned the company’s success odds at zero. Responding to Musk’s recent lawsuit alleging a departure from its nonprofit roots, OpenAI unveiled email correspondences shedding light on its interactions with Musk. Last week, Musk, a …
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WOOFi offers 10% bounty in race to recover $8 million stolen in flash loan exploit
The total value of assets locked on the decentralized exchange (DEX) WOOFi plunged by nearly 20% to $45 million after it confirmed it was exploited via a flashloan attack. The hack Earlier today, WOOFi detailed how it fell victim to a hacking episode within 13 minutes. The project explained that a hacker diligently manipulated its …
Blackrock’s Bitcoin ETF Adds 12,623 BTC in Largest Single-Day Purchase Since Launch
Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), has broken its record for the largest single-day bitcoin purchase since its launch. The world’s largest asset manager’s spot bitcoin ETF now holds 183,345 bitcoins. Blackrock Bought the Bitcoin Dip Blackrock’s spot bitcoin exchange-traded fund (ETF), the Ishares Bitcoin Trust (IBIT), amassed the largest …