Cathie Wood’s investment company, Ark Invest, has been aggressively investing in cryptocurrencies and artificial intelligence. In their recent financial report, Ark revealed that they now own shares in OpenAI, the organization behind ChatGPT. Ark Invest’s OpenAI Investment Disclosure On Thursday, April 10, Ark Invest announced to its clients that their $54 million venture capital fund, … Read more
Bitcoin and Ethereum prices experienced a modest recovery but remain under pressure due to waning price momentum. Today, options worth approximately $2.5 billion for both cryptocurrencies are about to expire. The volatility leading up to Bitcoin‘s halving has intensified, with traders anticipating minimal upward movement amid external factors and large-scale selling by major investors. Bitcoin … Read more
Recently, Solana has once again made headlines due to disagreements between some projects built on its chain. Specifically, there have been conflicts between MarginFi, a Solana-based lending and borrowing protocol, Solend, another lending platform, and SolBlaze, a liquid staking solution. During the commotion, MarginFi’s chief executive officer and creator resigned following controversy over some questionable … Read more
On Wednesday, the SEC served a Wells Notice to Uniswap Labs, the tech firm responsible for Uniswap’s decentralized exchange (DEX). A Wells Notice is a warning from the US Securities and Exchange Commission (SEC) that they are considering taking enforcement action. In the face of regulatory hurdles, Uniswap Labs collaborates with Across, a cross-chain methodology, … Read more
The mining difficulty for Bitcoin has increased by 4% lately due to the mining hash rate getting close to reaching new record highs. Bitcoin 7-Day Mining Hashrate Is Back Near ATH Levels In simpler terms, the “mining hashrate” represents the collective processing power of all computers engaged in mining Bitcoin. The strength of this figure … Read more
According to a recent article in Fortune Magazine, it came to light that Dapper Labs, a well-known NFT company, had been under SEC investigation until September 2023. Based on an internal document from Fortune, it appears that the probe was unexpectedly wrapped up, with several matters remaining unexplained. Dapper Labs Investigation Terminated By SEC Chief … Read more
Bitcoin has recently reached a new milestone by going over $70,000. It looks promising as it may hit $80,000 next. The graph demonstrates a robust trend with the cost frequently staying above its 50-day average, which is approximately $65,000 at present. The current price hovers around $48,000, noticeably higher than the 200-day moving average, acting … Read more
Dogecoin investors have experienced a pause in its advance at around $0.2 as optimism among large traders and other market players wanes. Notably, DOGE has failed to surpass the $0.2 threshold significantly since late March. On the contrary, the crypto dipped down to $0.1719 during the first week of April. Although Dogecoin showed some improvement … Read more
The High Court of Montenegro has given its approval for the extradition of Do Kwon, a significant player in the Terra Luna cryptocurrency incident, allowing for the possibility of his transfer to the United States. After the local Supreme Court reversed the earlier ruling for extraditing Do Kwon to South Korea, a new extradition process … Read more
The Shiba Inu network has reached an impressive new level with over four million unique wallet addresses now in use. This accomplishment was made despite cryptocurrency market instability and a series of significant price drops causing Shiba Inu‘s value to fall short of predictions. Shiba Inu Total Addresses Hit 4 Million With data fromIntoTheBlock revealing … Read more