Nvidia Hits $1 Trillion Market Value Milestone; Chinese Developers Seek AI Sanctions Workarounds to Compete with US Tech Giants

On May 30, computer chip manufacturer Nvidia hit a historic milestone of achieving a $1 trillion market capitalization as the demand for artificial intelligence (AI) technology continues to skyrocket. Afterwards, its shares rose 27.6% in extended trading the same day. Nvidia’s Market Cap Nears $1 Trillion on Strong Q2 Performance and Increased AI Chip Shipments […]

Bitcoin Price Resilient as Debt Ceiling Deal Nears: Will U.S. Fed Rate Hikes Offset Potential Market Rally?

The relationship between Bitcoin (BTC) and the debt ceiling debates is being closely monitored by investors and analysts alike. As the U.S. Treasury Department continues to debate a resolution to the debt limit and the Federal Reserve (Fed) considers rate hikes, market watchers have different opinions on what the outcome might mean for the digital […]

Ether Set to Soar: Is it the New Market Driver to Lift Prices Higher?

The growing prominence of Ether and the diminishing dominance of Bitcoin suggest a potential transformation in the crypto market. Throughout 2023, the market has been characterized by low volatility and a slow start to the year. But according to a new report from K33, the recent volatility could be indicating the need for a new […]

Tron (TRX) Price Analysis: Dips Supported Near $0.075

Tron price started a fresh increase above the $0.0720 level against the US Dollar. TRX price is now trading below $0.0780 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.0752 on the 4-hours chart (data feed via Kraken). The pair could continue to move […]

Chinese Crypto Pioneer Warns Hong Kong’s Crypto Hub Ambitions May Be Short-Lived

Crypto pioneer Bobby Lee, who established China’s first Bitcoin exchange and founded Ballet Global, a US-based crypto storage provider, cautioned that Hong Kong’s ambition to become a crypto hub might not be sustainable. In an interview with Bloomberg, he expressed concerns that Hong Kong could potentially reverse its stance on crypto within three to five […]

Could Ben.eth’s PSYOP tokens face legal scrutiny? It depends, say lawyers

Michael Kanovitz, a lawyer threatening to file a class action against Ben.eth, says the PSYOP scheme bear similarities to cases that have seen SEC enforcement.

Seven Major Local Companies Embracing Web3 Technology

Explore the story of how local companies embraced web3 and integrated blockchain, cryptocurrencies, and NFTs into their platforms. The post Seven Major Local Companies Embracing Web3 Technology appeared first on BitPinas.

Hong Kong and UAE central banks collab on crypto rules, fintech development

The two central banks are aiming to align their financial service sectors and said both share “many complementary strengths.”

Ethereum Price is Primed For a Rally And Only 1 Thing is Holding it Back

Ethereum price is correcting gains from the $1,920 resistance against the US Dollar. ETH could start a fresh rally if it clears the $1,920 and $1,930 resistance levels. Ethereum is still struggling to clear the $1,920 resistance zone. The price is trading above $1,880 and the 100-hourly Simple Moving Average. There is a crucial bullish […]

China – 1, USA – 0 in the crypto-regulatory battle? Maybe, but…

The correlation between BTC and Chinese equities has strengthened in 2023, in a sharp contrast to its falling correlation with U.S. equities.