Month: November 2024

Deutsche Bank has invested in German artificial intelligence (AI) startup Aleph Alpha. The bank aims to leverage AI for operational efficiency and regulatory compliance. Deutsche Bank: Perfect Partner for AI Innovation Strategy German financial services giant Deutsche Bank has joined artificial intelligence (AI) startup Aleph Alpha as a strategic investor and partner. As part of […] Source: https://news.bitcoin.com/deutsche-banks-ai-gamble-partnership-with-aleph-alpha-expected-to-boost-innovation/

Bitcoin continues to set new records this year as traders begin eyeing a six-figure price for the world’s largest crypto and according to analysis of the asset’s derivatives market, it’s yet to overheat. The asset climbed to well above $97,000 late Wednesday evening, blasting through its previous highs above $95,000 in less than an hour, CoinGecko data shows. Its seesawing…

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Cryptocurrency exchange Binance warned its community on Monday about a surge in fraudulent tokens falsely claiming affiliation with the platform, spreading across social media. The company emphasized that these tokens are neither endorsed nor authorized by Binance, potentially exposing users to scams and financial harm. “Please remember to verify information through our official channels. Be […] Source: https://news.bitcoin.com/binance-warns-of-fake-tokens-exploiting-its-name/

India’s expanding payment ties with nations like UAE and Sri Lanka highlight a push for seamless transactions, paired with cautious central bank digital currency (CBDC) advancements. India’s Growing Regional Payment Ties Signal a New Financial Era India is broadening its payment linkages with several nations, including Sri Lanka and the United Arab Emirates (UAE), as […] Source: https://news.bitcoin.com/india-expands-payment-ties-with-regional-partners-to-strengthen-cross-border-financial-networks/

Grok developer xAI has raised $5 billion in new funding, bringing its valuation to $50 billion, according to a report by the Wall Street Journal. The latest funding round, which was first announced on Friday, adds to the billions raised in May. Valor Equity Partners, Sequoia Capital, and Andreessen Horowitz were reportedly part of the raise, while Qatar’s sovereign wealth…

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A Shanghai court ordered a partial refund after ruling a token fundraising contract illegal, citing violations of Chinese financial regulations. Token Fundraising Faces a Major Setback in a Shanghai Court Judgment The Shanghai High Court published details on Wechat Monday about a crypto-related case highlighting the legal complexities of virtual currency activities in China. The […] Source: https://news.bitcoin.com/chinese-court-orders-refund-in-controversial-crypto-contract-dispute/

Dogecoin is slowing down—at least for now—following a week of enormous gains.  While other long-standing canine coins are down, there’s a new dog-themed token that’s picking up where DOGE left off, catapulting up the charts this week. The seventh biggest cryptocurrency by market cap is now trading for $0.38 per coin, CoinGecko data shows. That’s a 0.5% drop over 24…

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