GPT-4, the latest version of artificial intelligence chatbot ChatGPT, believes the events of the last seven days could be bullish for Bitcoin (BTC), Ether (ETH), and Cosmos (ATOM), according to an AI-trading experiment run by Cointelegraph. The experiment is aimed at understanding GPT-4’s potential biases towards certain cryptocurrencies, how the events of last week could impact investment decisions, and whether…
SVB Financial Group, the former umbrella entity of Silicon Valley Bank, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Southern Distri… Source: https://cointelegraph.com/public/index.php/news/svb-financial-group-files-for-chapter-11-bankruptcy
Troubled SVB Financial Group has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court to preserve value. Announcing the news on March 17, SVB said that SVB Securities and SVB Capital’s funds and general partner entities are not included in the bankruptcy proceedings. The entities will continue to operate in the ordinary…
Signature Bank in particular served the likes of Paxos Trust and Celsius and other major crypto firms that suffered as a result of the decisions taken by the Federal Deposit Insurance Corporation and New York State Department of Financial Services. Meanwhile Silicon Valley Bank (SVB) reportedly handled over $5 billion of funds for a handful of cryptocurrency venture capital funds…
Signature Bank in particular served the likes of Paxos Trust and Celsius and other major crypto firms that suffered as a result of the decisions taken by the Federal Deposit Insurance Corporation and New York State Department of Financial Services. Meanwhile Silicon Valley Bank (SVB) reportedly handled over $5 billion of funds for a handful of cryptocurrency venture capital funds…
The Africa-focused venture capital (VC) firm, Echovc, has launched a fund that seeks to support blockchain startups on the continent. While global blockchain funding has been on a decline over the past year, Echovc founder Eghosa Omoigui claimed that investing now enables the VC to get in “at lower entry valuations on average than in prior years.” Startups Offering Blockchain-Based…
As the United Arab Emirates (UAE) continues to provide a welcoming regulatory framework for blockchain-based technologies, nonfungible tokens (NFTs) continue to prosper within the region and are being used by projects in various ways. From concert tickets to research and philanthropy, Cointelegraph went to Dubai and Abu Dhabi to explore how various crypto projects operating within the UAE are using…
Cryptocurrency investment firm Grayscale Investments is taking more time to decide whether it should acquire and sell post-Merge forked Ethereum tokens. Grayscale on March 16 announced that the company intends to extend the review period for the process of evaluating the market environment to determine whether it can acquire ETHPoW tokens, the forked asset that emerged due to Ethereum’s Merge…
As Great Britain is gradually moving to its own comprehensive crypto framework, the Treasury introduces a separate category for crypto assets into the tax return forms. The particular line should appear in the tax forms in 2024-25. On March 15, His Majesty’s Treasury of the United Kingdom published a report paper on the national budget for Spring 2023. The document…
Bitcoin posted impressive gains of over 6% in the past 24 hours, reaching a high of $26,350 on Friday morning, per data from CoinGecko. Bitcoin’s price surge came alongside a wider uplift in the cryptocurrency market, which saw the total market cap of all cryptocurrencies rise over 4% in the past day, to $1.17 trillion. It follows a rise in…
