BitMEX co-founder Arthur Hayes has expressed concerns about the potential impact of asset management giant BlackRock entering the Bitcoin space. While Hayes acknowledges the positive effect a spot Bitcoin exchange-traded fund (ETF) could have on the crypto market, he worries about the influence traditional finance could have on the underlying fundamentals of Bitcoin. Specifically, he […]
SBF, a prominent company, is seeking to introduce an investment in Anthropic to a court case. However, prosecutors are attempting to block this move. The lawyers for SBF are looking to use this investment as evidence, but the judge has denied their request to cross-examine Gary Wang. The details surrounding the court case and the […]
A Bitcoin whale, who had been holding onto their coins since 2017, has suddenly moved 3,000 BTC worth over $80 million. This mysterious entity had been accumulating Bitcoin since 2016, acquiring 3301 BTC in May of that year. In September 2017, during a significant increase in Bitcoin’s value, the whale sold 200 BTC. Since then, […]
Lenovo, the technology giant, has announced a significant investment of $1.2 billion in artificial intelligence (AI). The company aims to tap into the booming AI server and storage market, which is projected to reach $29 billion. This move aligns with the industry trend, as AI investment and development have been on the rise in 2023. […]
In the aftermath of FTX’s collapse, the cryptocurrency industry was thrown into turmoil. Prices dropped, investors rushed to minimize their losses, and startup funding dried up. Amidst the chaos, all eyes turned to Changpeng Zhao, the founder of Binance, who became the last remaining tycoon in the crypto world after Sam Bankman-Fried’s swift downfall.With a […]
Paul Tudor Jones, billionaire hedge fund manager and founder of Tudor Investment Corporation, has expressed concerns about the current state of the stock market. In an interview with CNBC’s Squawk Box, Jones highlighted escalating geopolitical risks and the deteriorating US fiscal position as reasons for his unease. He noted that the Israel-Hamas war has created […]
Binance’s Industry Recovery Initiative (IRI), which aimed to support the cryptocurrency industry following the collapse of FTX, may not have been as effective as hoped, according to a new report. Binance initially committed $1 billion in its BUSD stablecoins to the IRI, but only spent $15 million before moving the remaining $985 million back to […]
In the ongoing trial of Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, his lead attorney argued that the firm’s former CEO, Sam Bankman-Fried, was responsible for the company’s financial troubles. According to the attorney, Bankman-Fried had advised the CEO to put on a hedge, but she failed to do so, leading to dire consequences […]
Ethereum, the second-largest cryptocurrency by market cap, had a challenging trading day after the Ethereum Foundation sold off some of its holdings. However, the cryptocurrency has managed to recover approximately one-third of the value it lost since news of the sale emerged. This development highlights the volatility and fluctuations in the cryptocurrency market. Investors and […]
Former BlackRock executive, Martin Bednall, believes that the United States Securities and Exchange Commission (SEC) will approve all spot Bitcoin Exchange Traded Fund (ETF) applications simultaneously. Bednall made this prediction during a panel discussion at the CCData’s Digital Asset Summit in London. He is optimistic about the approval of ETF applications from BlackRock, Fidelity, WisdomTree, […]
