Nearly all financial scams in Russia are now intertwined with cryptocurrencies, according to a new report issued by the Central Bank of Russia. The government institution says there has meanwhile been a 15.5% spike in all entities flagged for illegal activities, adding up to 5,735 in 2023. Of particular concern is the surge in financial pyramid schemes—where returns are paid…
A YouTube creator is bridging nostalgia and cutting-edge technology, fusing generative AI with a nostalgic love of Nintendo’s iconic Pokémon gaming franchise to show how you can build your very own AI-powered Pokédex. In the Pokémon universe, a Pokédex is a digital encyclopedia in the world that records data on species of the colorful monsters, including their traits, abilities, and…
Founders Fund, a venture capital (VC) firm founded by the billionaire Peter Thiel, is believed to have acquired bitcoin and ethereum worth $200 million sometime in the second half of 2023. The VC firm reportedly began purchasing bitcoin when its price was still under $30,000. Founders Fund’s Renewed Interest in Crypto In the latter half […] Source: https://news.bitcoin.com/billionaire-peter-thiels-vc-firm-bought-btc-and-eth-worth-200-million-in-latter-half-of-2023/
A super PAC funded by some of crypto’s most powerful companies has amassed an $85 million war chest—and now, the organization is beginning to deploy those funds against political candidates across the country. The political action committee (PAC), Fairshake, is funded principally by crypto giants Coinbase, Andreessen Horowitz, and Ripple Labs, according to a recent Federal Election Commision filing. While…
Bitcoin is starting to look like the hot commodity on the market again after the launch of the much-anticipated spot Bitcoin ETFs. With so much enthusiasm surrounding these products, the question becomes how much more can “number go up.” The answer is, of course, unknown, but that won’t stop analysts from speculating, including those at the $725 billion asset manager…
The Glenlivet, a celebrated distillery in Speyside in northeastern Scotland, has launched a 50-year-old whiskey collection to commemorate its 200th anniversary. Additives to this pristine liquor, however, include blockchain technology via NFTs and utilizes generative AI for label design—checking all the hype boxes from the last few years. The collection, titled “The Twelve Elements,” pays homage to the twelve essential…
In a strategic move to bolster its regulatory credentials, Ripple has announced its plan to acquire Standard Custody & Trust Company. This acquisition, pending regulatory approval, is set to enhance Ripple’s portfolio of digital asset solutions and regulatory licenses, marking a significant step in the company’s expansion. Ripple Plans to Acquire Standard Custody & Trust […] Source: https://news.bitcoin.com/ripple-aims-to-expand-regulatory-reach-with-standard-custody-acquisition/
Bitcoin spot ETFs in the United States have collectively breached $3 billion in net flows roughly one month after birth, blasting past the performance of gold ETFs when they were launched 20 years ago. This milestone comes even inclusive of Grayscale’s fund, which has seen only outflows as long-term investors cash out—many likely moving to competitive offerings. Excluding Grayscale, inflows…
On Tuesday, the U.S. Bureau of Labor Statistics released its Consumer Price Index (CPI) report, indicating a 0.3% rise in January. Following the release, all three major stock indices experienced a decline, Treasury yields climbed, and crypto assets took a hit, moving downward from their recent peaks. Stocks Dip, Crypto Slumps as January CPI Data […] Source: https://news.bitcoin.com/cpi-report-triggers-market-tumble-stocks-and-crypto-decline-as-inflation-concerns-mount/
PRESS RELEASE. February 13, 2024. UniLend Finance, a leading decentralized finance protocol, has launched its revolutionary new version UniLend V2 on the Ethereum Mainnet. UniLend V2 marks a significant milestone as the first-ever permissionless lending and borrowing protocol for all ERC20 tokens, opening doors to DeFi for everyone and revolutionizing the digital asset landscape. Being […] Source: https://news.bitcoin.com/unilend-v2-launched-on-mainnet-first-ever-permissionless-lending-borrowing-protocol-for-all-digital-assets/
