Standard Chartered says markets will look ahead to exchange-traded funds (ETFs) of cryptocurrencies other than bitcoin and ether, but “this is likely a 2025 story.” They believe that the SEC approving spot ethereum ETFs suggests that the securities watchdog does not view ether as a security and that other coins similar to ether will also […] Source: https://news.bitcoin.com/standard-chartered-discusses-sec-approving-spot-etfs-for-cryptos-beyond-bitcoin-and-ether/
Considering Telegram doesn’t even offer end-to-end encryption by default, founder Pavel Durov has a lot to say about his messaging app’s competitor. Source: https://cointelegraph.com/news/telegrams-pavel-durov-wrong-about-signal-has-been-for-years
Jim Cramer, the host of CNBC’s Mad Money show, has endorsed ethereum and spot ether exchange-traded funds (ETFs), highlighting the cryptocurrency as a “great store of value” amid concerns over the U.S. dollar due to federal budget deficits. “I have ether because it’s a great store of value,” he affirmed. Jim Cramer on Ethereum and […] Source: https://news.bitcoin.com/mad-moneys-jim-cramer-endorses-ether-as-great-store-of-value-amid-us-dollar-concerns/
UBS has raised its gold price forecast following a record surge in gold prices, driven by anticipated Federal Reserve rate cuts and a weakening U.S. dollar. The main factors behind the investment bank’s upgraded gold price prediction include softer U.S. economic data, increased central bank demand, and ongoing geopolitical uncertainties. UBS Revises Gold Price Prediction […] Source: https://news.bitcoin.com/ubs-raises-gold-price-forecast-amid-rising-central-bank-demand-and-geopolitical-tensions/
U.S. SEC approves spot Ether ETFs, FIT21 crypto bill goes to the Senate, and Sam Bankman-Fried held in Oklahoma. Source: https://cointelegraph.com/magazine/spot-eth-etfs-approved-crypto-bill-passes-us-house-hodlers-digest-may-19-25/
The Central Bank of Nigeria has increased the capital requirements for national bureau de change operators from approximately $24,000 to $1.4 million. The central bank has given operators a six-month period to comply and they must apply for new licenses. The bank’s director for risk management stated that street trading of foreign exchange is now […] Source: https://news.bitcoin.com/nigeria-increases-capital-requirements-for-currency-dealers-nearly-sixtyfold-to-1-4-million/
Musk recently said he expected xAI to catch up to OpenAI and DeepMind Google by the end of 2024. Source: https://cointelegraph.com/news/elon-musk-gigafactory-of-compute-grok-artificial-intelligence-ai
Seamus Rocca, CEO of Xapo, had a candid conversation with Bitcoin.com’s COO Jason Sheman, where he shared his accumulated experience and knowledge describing what makes Xapo different from a traditional neobank, talked about U.S. markets and regulations, how emerging markets see crypto, and the necessity of implementing stablecoins in Xapo after Silvergate Banks’ downfall. Xapo […] Source: https://news.bitcoin.com/xapo-ceo-seamus-rocca-describes-xapos-proposition-talks-us-regulation-emerging-markets-and-stablecoins/
Elon Musk recently said AI would surpass humans by 2025 but Google’s models are so inaccurate they’re being tuned by hand. Source: https://cointelegraph.com/news/google-blames-users-inaccurate-ai-artificial-intelligence-search-overview
Now that the halving has occurred and fees are at a six-month low, the profitability of application-specific integrated circuit (ASIC) mining rigs has shifted significantly. It is now essential to ensure electricity is inexpensive and machines are efficient in terms of joules per terahash. The following is an examination of today’s top six ASIC miners […] Source: https://news.bitcoin.com/shifting-sands-of-bitcoin-mining-how-hydro-cooling-tech-is-leading-the-charge-post-halving/
