Bitcoin ETFs in the U.S. are off to a raucous start. It’s only midday, and already the 11 spot Bitcoin ETFs just yesterday approved by the SEC have combined for $1.9 billion worth of trading volume, exceeding analyst expectations. Despite spiking to nearly $49,000 just after markets opened in the U.S., Bitcoin was relatively subdued on Thursday. At the time…
Millions of Americans who have yet to pay their taxes for 2020 or 2021 are now set to receive relief from the IRS—and if you’ve failed to report your crypto transactions from those years, you could also stand to benefit. The IRS has announced that it will waive its standard “failure to pay” penalty for over 4.7 million tax filers…
The first step is always the hardest. After years of repeated rejections, the Securities and Exchange Commission has finally approved its first spot Bitcoin ETFs—a seismic development that analysts say amounts to formally integrating Bitcoin with the global economy. It’s a historic achievement—one that finally provides a way for Wall Street retail investors to gain direct exposure to Bitcoin without…
Bitcoin briefly rocketed past $48,000 on Thursday morning for the first time since 2021, as spot Bitcoin ETFs opened for their first day of business on Wall Street. BTC looked nearly poised to break $49,000 for a moment, touching $48,887 before settling back down to $46,755 at writing, according to CoinGecko. The cryptocurrency is still up 3.1% in the last…
The red-hot Ordinal Inscription protocol continues to draw new developers who hope to put their stamp on the Bitcoin blockchain. The latest is Bitfinity, which aims to integrate its Ethereum Virtual Machine with Bitcoin. The grand plan, Bitfinity said on Thursday, is to support Bitcoin-enabled DeFi services using a sidechain on the Internet Computer. To achieve this, Bitfinity has raised…
Bitcoin surged to $47,000 Thursday morning, in the wake of the landmark approval of the first U.S. spot Bitcoin ETFs Wednesday. At time of publication, the largest cryptocurrency by market cap is trading at just over $47,100, up 3.9% on the day, per data from CoinGecko. The approval of the first spot Bitcoin ETFs by the U.S. Securities and Exchange…
The World Economic Forum has published its Global Risks Report every year for nearly two decades. The 19th annual edition lists a brand new worldwide threat, and dedicates an entire section to its myriad implications: artificial intelligence. The WEF report tracks the most severe risks we may face over the next decade, which include climate change, geopolitical power shifts, human…
Following Wednesday’s landmark approval of multiple spot Bitcoin ETFs, hopes that a spot Ethereum ETF could be next to market have propelled ETH to levels not seen since May 2022. Ethereum is currently up 8.7%, trading at just over $2,620, per data from CoinGecko. Bitcoin itself is trading relatively flat, up 2% over the past day. The SEC’s approval of…
Many voice actors are unhappy with SAG-AFTRA’s latest deal signed this week that allows one company, Replica Studios, to make AI-powered versions of union members’ voices with their respective consent. The full deal itself has not yet been released, but the actors and performers union shared in a Tuesday post that it establishes rules around voice capture for Replica’s use,…
Seeing and hearing is no longer believing, thanks to AI. Technology today allows easy and near-instant generation of high-quality deepfakes to amuse, confuse, or misinform the public. Adapting to this new landscape, a company known for its legacy cybersecurity solutions is now expanding its reach, escalating AI content to the same level of risk as any other long-time malware threat.…
