Business
Ripple Takes Aim At Dubai Market, CEO Reveals
Ripple announced in a press release that the company plans to expand in Dubai. Ripple CEO Brad Garlinghouse sees Dubai as a strategic location and a hub for…
Jeane Claude Vasquez
Newsroom
News
Business
Crypto Exchange Bittrex Files For Bankruptcy Weeks After SEC Enforcement Action
Bittrex, a crypto trading platform, has sought Chapter 11 bankruptcy protection in the District of Delaware. Filed May 8 before the U.S. Bankruptcy Court for the District of…
Jared Kirui
Business · Binance
Binance Pauses Bitcoin Withdrawals for the Second Time, Citing ‘Backlog of Pending Withdrawals’
Binance was forced to halt Bitcoin (BTC) withdrawals for the second time Sunday evening U.S. time over a ‘large volume of pending transactions’ caused by a surge in…
Jared Kirui
Markets · Asia
With A Rebound In US Financial Markets, Asian Markets Look To Follow Suit
As US financials experience a rebound, Asia’s stock markets are poised to climb this week. The surge in the S&P 500 by 1.9% on Friday, accompanied by the…
Eman Shaikh
Technology · Artificial Intelligence
Geoffrey Hinton, One Of The Godfathers of AI, Quits Google And Issues A Warning For The Future
Geoffrey Hinton, one of the pioneers of artificial neural network and deep learning technology, has vacated his position at Google to freely speak about the future potential and…
Mainul Alam
Crypto · Bitcoin
BTC Retests Immediate Support At $28,500, ETH Plots False-Break Around $1,928; Bitcoin And Ethereum Technical Analysis
Key Findings: BTC Technical Analysis Bitcoin Technical Analysis As it came into contact with the weekly resistance through a bearish breaker region, the bitcoin (BTC) price remained unchanged.…
Md Ishtiaque Ahmed
Technology · Artificial Intelligence
AI May Replace 300 Million Jobs; Although Generative AI May Also Boost Labor Productivity
A recent report from Goldman Sachs, one of the largest US banks, found that artificial intelligence may replace over 300 million full-time jobs worldwide. “If generative AI delivers…
Daniel Stergiou
Markets · Asia
HSBC Survives Bid By Top Shareholder To Spin Off Lucrative Asian Operations
Top global bank HSBC foiled a plan Friday by one of its largest shareholders to split the bank from its Asian operations. Ping An, which holds 8% of…
Jared Kirui
Crypto · Adoption
Stripe Launches Fiat-to-Crypto Onramp To Accelerate Cryptocurrency Adoption
Stripe, one of the largest payment service providers, announced the launch of a Stripe-hosted fiat-to-crypto onramp. The move makes it easier for Web3 companies to help US-based customers…
Jeane Claude Vasquez
Business · Avalanche
Alibaba Partners With Avalanche For A Metaverse Launchpad Targeting Businesses
Alibaba Group’s digital technology and intelligence division, Alibaba Cloud, has created a launchpad for businesses to deploy metaverses on Avalanche blockchain. Dubbed Cloudverse, the platform announced on May…
Jared Kirui
Technology · Artificial Intelligence
ChatGPT Unveils The Code Interpreter; One Of Its Most Powerful Tools Yet
OpenAI has been testing the ability of ChatGPT to run codes and use third-party plugins. One of these plugins is the Code Interpreter, which provides ChatGPT with a…
Jeane Claude Vasquez
Markets · Crypto Markets
The Fed Raises Interest Rates By 25 BPS This Wednesday; Effects On Crypto And Financial Markets
As widely expected, the U.S. Central Bank raised interest rates by 25bps this Wednesday. It signalled it could pause further increases, giving officials time to assess the fallout…
Stanko Illiev
Policy · Cryptocurrency
Italy Imposes Punitive 26% Tax On Crypto Profits
The Italian government has introduced a 26% tax rate for digital assets applicable to individual and institutional investors. The policy shifts, which took place this year, followed the…
Jared Kirui
Policy · Crypto Mining
30% Digital Mining Energy Tax; White House Advisors Push For Regulation
On Tuesday the White House’s Council of Economic Advisors (CEA) discussed that a Digital Asset Mining Energy (DAME) excise tax should be imposed. The announcement reads; “After a…
Daniel Stergiou
Technology · Artificial Intelligence
Samsung Ban Employees From Using AI Tools Like ChatGPT
Samsung Electronics Co. is prohibiting their employees from using generative AI tools like ChatGPT, according to a Bloomberg report. The company has discovered staff accidentally uploaded sensitive code…
Jeane Claude Vasquez
Markets · Banking
Morgan Stanley to Slash 3,000 Jobs Amid Market Uncertainty
Morgan Stanley plans to eliminate 3,000 jobs from its global workforce in the second quarter due to slow deal-making and an uncertain economic environment; sources told Reuters on…
Jared Kirui
Business · Bitcoin
MicroStrategy Added 7,500 BTC To Its Holdings In Q1, Totaling 140,000 BTC
In a press release, MicroStrategy, the business intelligence and mobile software company, has announced its first-quarter 2023 financial results. The company added 7,500 bitcoins in Q1 with an…
Jeane Claude Vasquez
Markets · Central Banks
United States May Fund Its Deficit By Printing More Money; Could Default By June 1st
Ray Dalio, the billionaire founder of one of the world’s largest hedge funds, Bridgewater Associates, was recently interviewed. He explains that the United States’ $31.45T debt may have to…
Daniel Stergiou
Markets · Central Banks
United States May Enter Mild Recession As Yet Another Hike In Fed Rates Expected
Financial markets worldwide are abuzz with talk of the US Federal Reserve’s (Fed) upcoming decision to raise its benchmark lending rate to tackle high inflation. However, many economists…
Eman Shaikh
Crypto · Altcoins
Binance Launches SUI Farming With Staked BNB And TrueUSD
Cryptocurrency exchange Binance has unveiled its 33rd project on Binance Luanchpoool, Sui, that allows users to farm SUI tokens using staked BNB and TrueUSD (TUSD). According to the…
Jared Kirui
Markets · Banking
BRICS Currency Against The U.S. Dollar; International Trade And De-Dollarization
Josh Sullivan, a former economic advisor for the White House, believes that a new BRICS-issued currency may have the ability to lessen the power of the US Dollar…
Daniel Stergiou
Markets · Central Banks
Ray Dalio; The Federal Reserve Is Setting Off A “Terrible Calamity”
Ray Dalio, the billionaire founder of one of the world’s largest hedge funds, Bridgewater Associates, was recently interviewed. He explains the banking crisis is the tip of the…
Daniel Stergiou
Technology · Artificial Intelligence
Edward Snowden; If AI Isn’t Better Than Us, We Did A Terrible Job
Famed whistleblower Edward Snowden recently spoke virtually at CoinDesk’s Consensus 2023 conference. Snowden expressed his optimism for the future of artificial intelligence, but there is a catch. “As…
Daniel Stergiou
Crypto · Bitcoin
Bitcoin Is Close To Testing $30,000 Again; Ethereum Revives Bullish Momentum Above $1,800
Key Findings: BTC Technical Analysis Bitcoin Technical Analysis Market expectations were met with the publication of the US Personal Consumption Expenditure Price Index. The Core PCE Index fell…
Md Ishtiaque Ahmed
Technology · Artificial Intelligence
Meet Microsoft Designer; An AI-Powered Tool Available For Public Preview With New Features
Microsoft has removed the waitlist for its latest tool, Microsoft Designer, and has made it available to the public for expanded preview. An AI-powered design tool, Microsoft Designer…
Mainul Alam
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