The legal team of Binance founder Changpeng “CZ” Zhao has requested leniency from the court as he is a first-time offender with no history of violence, and his offense did not intend to harm anyone. Factors such as the crypto community’s backing and the recommendation from probation have prompted this request for a lighter sentence. … Read more
Magistrate Judge Sarah Netburn, who is currently handling the Ripple vs SEC case in the Southern District of New York, has been proposed for the position of District Judge. Her appointment could benefit Ripple Labs as she has shown a favorable attitude towards cryptocurrencies and has made impartial decisions in this case. At present, Judge … Read more
NVIDIA and OpenAI, led by Sam Altman, have made headlines in the tech industry with their innovative partnership in the field of artificial intelligence (AI). The delivery of Nvidia’s newest DGX H200 AI processor to OpenAI’s offices by CEO Jensen Huang has fueled excitement and curiosity about future advancements in AI research and high-performance computing. … Read more
Bitcoins‘ price, being the pioneer of cryptocurrencies, remains a subject of intense discussion among analysts. Lately, drops in the price have sparked debates anew. Some professionals caution of a possible slide, while others view these dips as promising chances to buy. After a strong surge in value, the cryptocurrency market is currently going through a … Read more
The unstable and erratic cryptocurrency market is experiencing another wave of volatility. Notable cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) have experienced a 3.76% and 3.03% decrease in value respectively. The overall worth of the global cryptocurrency market amounts to $2.37 trillion, representing a 4.28% drop within the past day. Trading volume has surged to … Read more
Meta reported a significant increase in quarterly revenues and strong performance of its apps during Q1, according to a statement released on April 25th. The business saw a significant gain of $36.4 billion in sales, representing a 27% rise compared to the previous year, along with other favorable trends. This announcement comes after analysts predicted … Read more
Rep. Maxine Waters, the top Democrat on the Financial Services Committee, looks forward to reaching a consensus with Chairman Patrick McHenry regarding the regulation of stablecoins. This expectation aligns with the introduction of bipartisan legislation by Senators Cynthia Lummis and Kirsten Gillibrand, aimed at regulating stablecoins. This action highlights the growing sense of urgency in … Read more
The US market for Bitcoin exchange-traded funds (ETFs) is seeing renewed interest as Hong Kong prepares to debut its own spot Bitcoin ETFs on April 30. On April 24, these Bitcoin ETFs experienced net redemptions of $120 million and recorded their highest trading volume in a month. Bitcoin ETF Volume Nears $4 Billion Based on … Read more
The series of daily increases in investments for BlackRock’s Bitcoin ETF has unexpectedly come to an end after a run of 71 consecutive days. On Wednesdays, IBIT experienced no new investments coming in, but there were significant withdrawals totaling $120 million. Grayscale’s GBTC continues to see massive outflows, bleeding more than $130 million yesterday. The … Read more
Shiba Inu, one of the most popular dog-based meme cryptocurrencies, recently unveiled the latest version of its magazine, ‘The Shib,’ spotlighting a plethora of cryptographic developments. The magazine, released today, April 24, draws vital attention to the ecosystem’s WOOF, TREAT, and Layer 3 developmental endeavors. Recently, the announcement of “The Shib” event gave investors reason … Read more