The newly launched spot ETH funds posted positive net inflows despite being weighed down by $485 million of bleeding from Grayscale’s Ethereum Trust. Source: https://cointelegraph.com/news/ethereum-etf-inflows-106-million-first-day-trading?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Month: July 2024
Tokyo Stock Exchange-Listed Metaplanet Completes 1 Billion Yen Bitcoin Purchase
Metaplanet Inc. announced on July 22 the purchase of an additional 200 million yen worth of bitcoin, amounting to 20.381 BTC. This latest acquisition completes the company’s 1 billion yen ($6.4 million) bitcoin purchase plan, which was initially disclosed on June 24. With this final purchase, Metaplanet’s total bitcoin holdings now stand at 245.992 BTC. […] Source: https://news.bitcoin.com/tokyo-stock-exchange-listed-metaplanet-completes-1-billion-yen-bitcoin-purchase/
Bitcoin to spend ‘considerable time’ at $66K, HODLing could change that
Bitcoin is just 12% shy of all-time highs, but a trader says it could stay in this zone for at least the next few months unless demand comes through. Source: https://cointelegraph.com/news/bitcoin-price-66k-hold-demand-hodlers-crypto-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Sam Altman Sponsored Study Found UBI Increases Spending on Basic Needs and Philanthropy
A multi-year study sponsored by Openai’s Sam Altman examined the effects of a UBI stipend on the spending patterns of the beneficiaries, finding that most of the money was spent on basic needs. The study, which gave $45 million to thousands of Americans, also determined that the stipend increased the ability and willingness of recipients […] Source: https://news.bitcoin.com/sam-altman-sponsored-study-found-ubi-increases-spending-on-basic-needs-and-philanthropy/
Elon Musk Touts Tesla’s AI Edge During Q2 Earnings Call
Tesla CEO Elon Musk praised the advances in artificial intelligence the automotive company is making during the company’s second-quarter earnings call on Tuesday. During the hour-long call, Musk said Tesla engineers have put the company ahead of its competition in AI and robotics. “While others are pursuing different parts of the AI robotic stack, we are pursuing all of them,”…
Paraguay’s President Dismisses Complaints About Power Fee Hikes From Bitcoin Mining Companies, Asserts High Interest Remains
Santiago Peña, the President of Paraguay, recently dismissed the complaints that bitcoin mining farm operators have voiced against the power fee hikes that ANDE has enacted for these activities. Peña stated that these price increases don’t need to be consulted with the operators and that more companies in the industry are waiting to enter the […] Source: https://news.bitcoin.com/paraguays-president-dismisses-complaints-about-power-fee-hikes-from-bitcoin-mining-companies-asserts-high-interest-remains/
Google parent Alphabet profit surges 29% in Q2 amid AI splurge
The firm’s CEO, Sundar Pichai, said its AI products have already generated “billions” in revenue from its cloud business. Source: https://cointelegraph.com/news/google-parent-alphabet-profit-up-28-percent-amid-ai-splurge?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Citi upgrades Coinbase shares to ‘buy’ citing ‘shifting’ US politics
Analysts from Citi Group said a potential “crypto-friendly” administration and growing revenues are bullish catalysts for Coinbase shares. Source: https://cointelegraph.com/news/citi-upgrades-coinbase-shares-to-buy-citing-shifting-us-politics?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
87% of Russians Aware of Cryptocurrency, 42% Familiar With Hamster Kombat, Survey Shows
A survey by the All-Russian Public Opinion Research Center reveals high awareness of cryptocurrency among Russians but limited knowledge of the Telegram game Hamster Kombat. Despite 87% being aware of cryptocurrency, only 42% know of Hamster Kombat. The game’s popularity is mainly among young, tech-savvy Telegram users, with a significant gap between awareness and active […] Source: https://news.bitcoin.com/87-of-russians-aware-of-cryptocurrency-42-familiar-with-hamster-kombat-survey-shows/
Coinbase Says SEC is Refusing to Cough Up Documents Critical for its Defense
Coinbase has filed a motion to compel the U.S. Securities and Exchange Commission, specifically targeting Chairman Gary Gensler, to produce documents deemed critical to its defense against the regulator. In a motion filed in the U.S. Southern District Court of New York on Tuesday, Coinbase claims that in the years before the legal action, the SEC said it had met…