Bitwise May Launch XRP ETF, and It’s Official
Bitwise, a crypto asset management company, is taking steps to launch an XRP ETF (Exchange-Traded Fund). The company registered a trust entity in the state of Delaware, US, on October 1.
COPA and Unified Patents Declare War on Patent Trolls
The non-profit Cryptocurrency Open Patent Alliance (COPA), in collaboration with Unified Patents, launched the Blockchain Zone initiative to combat patent trolls — non-practicing entities (NPEs) that acquire patents to profit from legal actions rather than to innovate.
Vitalik Buterin’s New Playbook on Ethereum’s Decentralized Future
Ethereum mastermind Vitalik Buterin is back with a bold vision to keep Ethereum, the world’s second-largest cryptocurrency, united. He’s talking about something he calls “alignment” — a way to make sure everyone involved with Ethereum is on the same page. Why? To avoid chaos, and keep the network decentralized, fair, and, well, uniquely “Ethereum.”
BTC Closes September in the Green! What’s Next?
As September 2024 comes to a close, Bitcoin seems poised to end the month in the green, showing a 7% gain as of September 30. Historically, September has been a tough month for BTC, but not this time. The last time we saw a back-to-back positive September for Bitcoin was way back in 2015-2016.
Crypto Projects Raised $236M in the Last Week of September
From September 23 to 29, cryptocurrency startups and projects raised $236 million in investments. Which sectors are driving the success of these crypto startups, and where did venture capitalists invest a quarter of a billion dollars?
A Dark September for NFTs: Crash or Breather?
Is digital art in decline? NFT sales in September 2024 plummeted by 48% compared to the previous month. Is this a temporary setback or a sign of a new reality?
Jerome Powell: Crypto Market Braces for Fed Chair’s Speech
Powell’s Speech – Today, on September 30, Federal Reserve Chair Jerome Powell will be delivering his latest briefing.
California Governor Blocks AI Bill – Is Tech at Risk?
California Governor Gavin Newsom blocked an artificial intelligence (AI) safety bill that would have enforced strong security measures for AI companies and developers, potentially impacting industry growth.
Only AI can restrain AI, claims Nvidia CEO Jensen Huang
Nvidia CEO Jensen Huang highlights AI’s role in combating AI-generated misinformation ahead of the 2024 U.S. elections. He stresses that only AI can handle the scale of false data production and suggests the U.S. should build an AI supercomputer to lead innovation in this field.
Crypto Billionaire Christian Angermayer Escapes UK Tax Crackdown
According to Odaily, billionaire investor and Bitcoin holder Christian Angermayer has left the UK for Switzerland in response to planned tax increases on offshore wealth for high-net-worth individuals.
Record-Breaking Growth in Chinese Stocks: But Why?
Last week marked the best performance for Chinese stocks since 2008, and the rally continues. What’s fueling this new economic surge in China?
Ripple Minted 99% of Its RLUSD Stablecoin Total Supply in a Day
At the end of September, Ripple got a major update related to its Ripple USD (RLUSD) stablecoin. The blockchain payments company minted 800,000 RLUSD, or 99% of the total supply in 24 hours, according to an X post by XRP Ledger validator Vet.
OpenAI Faces $5 Billion Loss: Is Sam Altman’s Startup in Trouble?
OpenAI, the ambitious AI startup, is reporting massive losses. By the end of 2024, after covering operating costs, the company is expected to face an astonishing $5 billion deficit.
ByteDance & Huawei Team Up on New AI Model – A Game Changer?
Chinese tech giant ByteDance, TikTok’s parent company, plans to develop a new artificial intelligence model trained using chips from Huawei Technologies, particularly the Ascend 910B. This move appears to be in response to U.S. export restrictions on chip technology for Chinese ventures.
Fidelity Cuts Valuation of Elon Musk’s Social Media Company
Fidelity, an investment company, reports that the value of X has plummeted by 4х since Elon Musk’s purchase. Musk bought the social platform for $44 billion, utilizing personal funds, loans, and other resources, before taking the company private—removing it from the stock market.
Michael Saylor Predicts 99% of Bitcoin Will Be Mined by 2035
Michael Saylor, the CEO of MicroStrategy, made a bold prediction about the future of Bitcoin mining.
FTX Scandal Deepens: Creditors Fume Over Minimal Payouts
The fallout from FTX’s bankruptcy continues to escalate. Newly revealed details about the size of expected compensation have sparked outrage among creditors. It has come to light that a portion of the funds recovered from the liquidation of the exchange’s assets is set to go to preferred shareholders.
Former Chinese Official Advocates Review of Crypto Regulations
On September 28, during the 2024 Tsinghua PBC Chief Economist Forum in Beijing, Zhu Guangyao, former Vice Minister of Finance, urged Chinese authorities to reconsider their approach to cryptocurrencies, warning that the U.S. could take the lead in this sector.
Grayscale Releases Updated Top 20 Cryptocurrencies List
Grayscale released a new research paper focusing on various cryptocurrency sectors. The company updated its list of the top 20 cryptocurrencies that Grayscale Research believes have high potential for Q4 2024.
Judge Denies Tornado Cash Founder’s Bid to Dismiss the Case
US federal judge Katherine Failla denied Tornado Cash founder Roman Storm’s bid to dismiss charges against him over $1 billion in money laundering. Thus, the case moves to the trial stage, set for December 2.
Gensler Affirms: Bitcoin’s Not a Security, Crypto Rules Are Clear
SEC Chairman Gary Gensler reiterated that the cryptocurrency industry is governed by clear regulations, reaffirming that Bitcoin is not a security. He highlighted that this regulatory clarity was a key factor in the approval of spot Bitcoin ETFs.
Binance Founder Set for Early Release
Binance founder Changpeng Zhao (CZ) is expected to be released from jail two days earlier than scheduled, following a four-month sentence for failing to enforce anti-money laundering measures on the cryptocurrency platform. CZ served half of his sentence at a halfway house in Long Beach, where he could go to movies and make supervised excursions.
Crypto Projects Suffer $413 Million in Losses for Q3 2024
Immunefi, a blockchain security company, reported a 40% drop in stolen crypto assets in Q3 2024 compared to the same period last year, with losses totaling around $413 million. There were 34 successful breaches or scams during this period.
Mira Murati Leaves OpenAI
Mira Murati, the Chief Technology Officer of OpenAI, has made the decision to depart from the company. Her exit marks the latest in a wave of high-profile departures from the top management of the world’s leading AI company.
South Korea Fines Worldcoin $829,000
South Korea’s regulator fined Tools For Humanity and the Worldcoin Foundation, the entities behind the famous iris scanning solution, $829,000 for violating personal data protection laws. Officials have also provided recommendations for improving the product in terms of regulatory compliance.
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Who Is Crypto Kaleo: A Market Analyst with 700,000 Followers
Crypto Kaleo is a renowned crypto trader and one of the most followed influencers in the industry. Active since 2017, he has built a strong presence on X, TradingView, and other platforms, sharing technical analysis, market predictions, and insightful commentary on the crypto space.
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Zora Network Reviewed: A Testnet Guide
Are sky-high Ethereum fees getting you down? The folks at Zora have come up with an alternative, introducing their Layer 2 solution with lower transaction fees. This article will walk you through how to get involved with the project and earn some rewards.