Category Archive: Cryptocurrency, No picture
OpenAI set to release Sora AI video generator to the public today
Key Takeaways In a video uploaded earlier today, tech reviewer Marques Brownlee announced that OpenAI will roll out Sora, its AI video generation tool, to the public today. EU and UK users might face delays in accessing Sora, continuing OpenAI’s cautious regional rollouts. Share this article OpenAI’s AI video generation tool, Sora, is officially being […]
MicroStrategy buys another 21,550 Bitcoin for $2.1 billion, boosting holdings to $42B
Key Takeaways MicroStrategy acquired 21,550 Bitcoin for $2.1 billion, raising its total holdings to 423,650 BTC. The company has raised capital through share sales to fund its ongoing Bitcoin purchases. Share this article MicroStrategy, the world’s largest corporate Bitcoin holder, said Monday it had added 21,550 BTC worth around $2.1 billion to its portfolio. The […]
El Salvador to narrow Bitcoin laws to secure $1.3B loan from IMF—report
Key Takeaways El Salvador is negotiating a $1.3 billion loan from the IMF requiring changes to its Bitcoin legal tender law. The country plans to make accepting Bitcoin voluntary for businesses to comply with the IMF conditions. Share this article El Salvador plans to make some changes to its approach to Bitcoin in order to […]
Amazon shareholders urge company to allocate at least 5% of its assets to Bitcoin
Key Takeaways Amazon shareholders are advocating for at least 5% of company assets to be allocated to Bitcoin. The proposal points out that Bitcoin has outperformed other assets such as corporate bonds in recent years. Share this article A group of Amazon shareholders is pushing for the company to allocate a minimum of 5% of […]
Cardano Foundation X account under attack, hackers spread misinformation about SEC lawsuit
Key Takeaways The Cardano Foundation tweeted that they had been served with a lawsuit by the SEC, which was soon identified as a false claim by hackers. Hackers also posted about a fake Cardano token on Solana. Share this article Cardano Foundation’s official X social media account has been under attack, with hackers posting false […]
PEPE soars to $11 billion market cap, price sets new record high
Key Takeaways PEPE has seen a 1,538% increase year-to-date, outperforming most top 100 crypto assets. Binance.US, Coinbase, and Robinhood recently announced support for PEPE trading. Share this article Pepe coin (PEPE) reached a new all-time high of $0.000026 over the weekend, pushing its market cap above $11 billion for the first time ever, according to […]
Telegram CEO Pavel Durov appears in Paris court for first time amid criminal investigation
Key Takeaways Telegram’s founder faced his first court interrogation after his arrest in August. The French justice system is investigating whether Telegram is complicit in criminal activities due to its alleged failure to address the spread of illegal content. Share this article Pavel Durov, CEO of messaging platform Telegram, appeared before a Paris judge for […]
Yellen calls for stronger crypto oversight in final financial report before Trump takes office
Key Takeaways Yellen calls for stronger crypto oversight in FSOC’s final report before Trump’s term. Trump’s pro-crypto appointments, including David Sacks as “Crypto Czar” and Scott Bessent as Treasury Secretary, signal a potential shift toward lighter regulation. Share this article Treasury Secretary Janet Yellen has called for stronger oversight of crypto and stablecoins in the […]
Ripple’s stablecoin launch delayed but still possible by year-end
Key Takeaways Ripple’s stablecoin, RLUSD, is set to debut by the end of the year despite potential delays. Ripple’s XRP retraces 15% this week, but Trump’s inauguration could set the stage for 2025 growth. Share this article Ripple’s long-anticipated stablecoin, Ripple USD (RLUSD), may face delays but could still launch before the end of 2024, […]
Ethereum hits 4K as weekly ETF inflows exceed $1 billion
Key Takeaways Ethereum surged past $4,000 with over $1 billion in ETF inflows during the past week. Ethereum’s latest surge prompts $11M in liquidations amid renewed market activity. Share this article Ethereum, the second-largest crypto by market capitalization, has surged past the $4,000 mark, a level it last reached in May 2024, driven by strong […]
