Category Archive: Cryptocurrency, No picture
Bitcoin breaks $65,000 level as US economy grows 3%
Key Takeaways Bitcoin’s value surged past $65,000 following a 3% US GDP growth report. Improvements in the US job market correlate with increases in Bitcoin prices. Share this article Bitcoin broke the $65,000 level, hitting a monthly high, after the US GDP growth rose to 3% from 1.6% last quarter, according to the BEA.In addition, […]
SEC chair Gensler reaffirms Bitcoin is not a security
Key Takeaways SEC Chair Gary Gensler reaffirmed Bitcoin’s status as not a security. Gensler emphasized the need for strict regulations and trust for broader crypto acceptance. Share this article In a CNBC appearance today, SEC Chair Gary Gensler reaffirmed that Bitcoin is not classified as a security under SEC guidelines. Gensler pointed to the fact […]
Leveraged and short MicroStrategy ETPs debut in Europe
Key Takeaways Leverage Shares launches 3x leveraged and inverse MicroStrategy ETPs on London Stock Exchange. MicroStrategy holds 252,220 BTC, representing 1.2% of Bitcoin’s total supply. Share this article Exchange-traded product (ETP) company Leverage Shares announced the launch of a MicroStrategy ETP leveraged three times and an inverse ETP on the London Stock Exchange. One of […]
Hut 8 completes pivot to AI market with GPU-as-a-Service launch
Key Takeaways Hut 8 Corp. deployed 1,000 NVIDIA H100 GPUs for its new GPU-as-a-service vertical. The company’s compute layer now includes AI compute, Bitcoin mining, and cloud services. Share this article Bitcoin (BTC) mining firm Hut 8 has initiated its GPU-as-a-service vertical, generating revenue from an AI cloud developer’s inaugural GPU cluster. The cluster in […]
Curve Finance considers dropping TrueUSD from crvUSD collateral
Key Takeaways Curve Finance’s proposal could end TrueUSD’s role as crvUSD collateral. The proposal suggests Curve Finance’s move is aimed at reducing crvUSD’s exposure to potentially risky assets. Share this article A new proposal for Curve Finance suggests removing TrueUSD (TUSD) as collateral for its stablecoin, crvUSD, due to concerns over TUSD’s stability and regulatory […]
US Bitcoin ETFs secure 5-day inflow streak as BlackRock rakes in $184 million
Key Takeaways BlackRock’s iShares Bitcoin Trust led with $184 million in inflows. Total net inflows for US Bitcoin ETFs have reached $246 million so far this week. Share this article US-listed spot Bitcoin exchange-traded funds (ETFs) have notched their fifth consecutive day of positive performance, collectively taking in approximately $106 million on Wednesday. BlackRock’s iShares […]
Harris vows to keep US ‘dominant’ in blockchain and AI technologies
Key Takeaways Kamala Harris advocates for US leadership in blockchain to shape the future economy. Harris’s economic plan includes a strong emphasis on digital assets and AI. Share this article Vice President Kamala Harris pledged that under her leadership, the United States would “recommit” to global dominance in emerging technologies such as blockchain, AI, and […]
OpenAI to remove nonprofit control as CEO Sam Altman gains first equity stake
Key Takeaways OpenAI is restructuring from a nonprofit to a for-profit benefit corporation. CEO Sam Altman to receive equity in the newly structured OpenAI. Share this article OpenAI, is planning a significant restructuring that will see its nonprofit board relinquish control over its for-profit business, according to Reuters. The restructuring would transform OpenAI into a […]
OpenAI CTO Mira Murati exits after pivotal role in AI development
Key Takeaways Mira Murati has been a key figure in developing OpenAI’s flagship products like ChatGPT. Murati’s departure is announced just before OpenAI’s major annual developer conference. Share this article OpenAI’s Chief Technology Officer Mira Murati has announced her decision to leave the artificial intelligence company after six and a half years. I shared the […]
PayPal enables business accounts to buy, hold, and sell crypto
Key Takeaways PayPal has enabled cryptocurrency transactions for US business accounts. PYUSD, PayPal’s stablecoin, is now available on the Solana blockchain. Share this article PayPal, announced today that US merchants can now buy, hold, and sell crypto assets directly from their PayPal business accounts. “Business owners have increasingly expressed a desire for the same cryptocurrency […]
