Mistral, a major competitor of OpenAI, is once again in talks with prospective investors regarding securing $533 million in funding. This investment round is expected to increase the company’s evaluation to an impressive $5.3 billion. Mistral Seek to Double its Valuation Obtaining this investment will allow the AI company based in France to more than … Read more
Casey Rodarmor, the founder of Ordinals, is set to introduce a new standard for issuing fungible tokens on Bitcoin during the upcoming halving event. On the early morning of April 20, the community will welcome the introduction of Runes – a fresh alternative to the initial Ordinal inscription-based fungible token system known as BRC-20. BRC-20 … Read more
Amidst the ongoing market slump, the price of Shiba Inu (SHIB) has found a significant point of resistance. This resilience can be attributed to a substantial number of Shiba Inu investors who have purchased the meme coin in large quantities, totaling 2 trillion SHIB, at this particular price level. Shiba Inu Establishes Support At $0.00001 … Read more
According to IntoTheBlock’s data, the amount of bitcoin held by miners has significantly decreased. This is a 12-year low for miner reserves as the market anticipates the upcoming Bitcoin halving. Currently, approximately 1.92 million BTC are controlled by major mining pools such as Viabtc, Bitfury, and Antpool. Over the same time frame, there has been … Read more
Elon Musk, the head of X (previously Twitter), has publicly expressed opposition to the potential U.S. prohibition of TikTok. He argues that such action would infringe upon freedom of speech and self-expression. Through his social media messages, Musk voiced his apprehensions, emphasizing the advantages of his platform and contesting the ban based on American principles. … Read more
Solana (SOL), often called the “ETH challenger” and preferred by institutional investors, experienced a notable recovery in the cryptocurrency market. Similar to other digital currencies, Solana saw investors withdrawing funds due to geopolitical uncertainties, leading to outflows last week. The price of Solana currently stands at $144, marking a 5.2% rise over the past 24 … Read more
Investors who were negatively impacted by FTX Derivatives Exchange are considering withdrawing certain accusations against Sam Bankman-Fried, the ex-CEO, but only under specific terms. Celebrities Implicated In the FTX Case A band of investors submitted a court settlement proposal in Miami’s federal court on Friday. Their aim is to compel the 32-year-old entrepreneur, under scrutiny, … Read more
Coin Center, an organization that advocates for digital currencies, has voiced strong objections to the Lummis-Gillibrand Payment Stablecoin Act. According to Coin Center, the bill unconstitutionally restricts constitutional rights if passed. The bipartisan legislation, backed by Senators Kirsten Gillibrand and Cynthia Lummis, aims to control the payment of stablecoins. However, Coin Center argues that the … Read more
In the last seven days, investors have shown a pessimistic attitude towards Dogecoin, with Elon Musk’s tweet about the cryptocurrency having minimal impact on its price. However, recent trading activity suggests that this negative sentiment could be shifting to optimism. Dogecoin seems to be regaining momentum after a week of downturn in prices. Based on … Read more
The IRS in the United States has proposed a new tax form, called 1099-DA, for reporting cryptocurrency transactions. This is part of the IRS’s efforts to streamline the process of reporting digital asset transactions within the federal tax system. By introducing this form, the IRS aims to make it easier and more convenient for taxpayers … Read more