Arthur Hayes, co-founder of crypto exchange Bitmex, has warned of a scenario where bitcoin could “slowly leak lower towards $50,000” and “altcoins could dive deeper into the gutter.” Focusing on the impact of dollar liquidity and Federal Reserve policies, Hayes remains cautiously optimistic about the long-term outlook, expecting future monetary easing to benefit crypto. Arthur […] Source: https://news.bitcoin.com/arthur-hayes-bitcoin-could-slip-to-50000-altcoins-could-dive-into-the-gutter/
Nvidia shares saw a slight after-hours bump as the chipmaker denied a report that it received a Justice Department antitrust probe. Source: https://cointelegraph.com/news/nvidia-denies-us-doj-subpoena-shares-rise-after-hours?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
Bitcoin is still due for more sideways turbulence—and potentially some more bleeding—before shooting to the sky later this month, according to BitMEX co-founder Arthur Hayes. In his latest piece, the famous crypto essayist and macro-analyst admitted that his previous prediction that Bitcoin’s bull market would “begin anew” in September was incorrect, but that his bearishness remains “temporary.” “I have changed…
A California Superior Court has upheld the Digital Financial Assets Law, which includes a $1,000 daily withdrawal limit for cryptocurrency ATMs. The law also requires crypto ATM operators to obtain licenses and comply with fee limits and new disclosures. California Court Upholds Bitcoin ATM Withdrawal Limit The California Department of Financial Protection and Innovation (DFPI) […] Source: https://news.bitcoin.com/court-upholds-1000-cap-on-daily-crypto-atm-withdrawals-in-california/
The prices of Bored Ape Yacht Club NFTs once rivaled those of Ferraris fresh off the assembly line. Nowadays, the JPEGs cost as much as your average used car. When digital assets boomed in 2021 and 2022, the Bored Ape Yacht Club represented NFTs’ potential as an emerging asset class mixing community and art. In crypto, Apes were lauded as…
According to CEO Phil Harvey, Bitcoin miners will average roughly $1.50 in revenue per terahash every month during the current market cycle. Source: https://cointelegraph.com/news/converting-mining-sites-ai-data-centers-not-seamless-sabre56-ceo?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The upgrade aims to enhance rewards for restakers. Source: https://cointelegraph.com/news/eigenlayer-major-update-restaking-contracts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound
The makers of W-Coin, a Telegram-based tap-to-earn game, opted to let players decide on one of three major blockchain networks to mint its token on. And as announced Wednesday, players overwhelmingly picked the network of choice for the Telegram space, The Open Network (TON). The Open Network dominated the player poll, according to a message in the official W-Coin Telegram…
United Texas Bank has been issued a cease and desist order by the U.S. Federal Reserve and the Texas Department of Banking due to significant compliance deficiencies. The bank must take immediate action to rectify issues related to its anti-money laundering (AML) program and corporate governance oversight. Cease and Desist Order for United Texas Bank […] Source: https://news.bitcoin.com/united-texas-bank-faces-regulatory-action-for-aml-failures-linked-to-virtual-currency-customers/
Months after resigning from AI developer OpenAI, former chief scientist Ilya Sutskever’s new venture Safe Superintelligence (SSI) has raised $1 billion in funding, the company announced on Wednesday. According to SSI, the funding round included investments from NFDG, a16z, Sequoia, DST Global, and SV Angel. Reuters, citing sources “close to the matter,” reported that SSI is already valued at $5…
