OpenAI revenue reportedly surpassed $2 billion in December and is looking to double this figure next year. ChatGPT Maker Looking to Double Revenue in 2025 On an annualized basis, OpenAI’s revenue has exceeded $2 billion and much of this value is as a result of the success recorded by the company’s flagship AI product ChatGPT. […]

Grayscale Investments has sent shockwaves through the industry by dropping its application for the Ethereum Futures ETF. While the organization hasn’t opened up on the reason for its decision, the crypto community has weighed in their opinion. Moreover, Fox Journalist Eleanor Terrett has revealed potential reasons for the withdrawal of Grayscale’s Ether Futures ETF. Why […]

Along with Bitcoin, the altcoin market is also playing a major catch-up with a strong 2.6% rally in the broader crypto markets. Avalanche, in particular, has emerged to be today’s star performer! The Avalanche (AVAX) price has shot up by 10% in the last 24 hours and is currently trading at $39.28 with a market […]

Crypto Price Prediction: For a majority of major cryptocurrencies, the second of May has witnessed a slight slowdown in recovery as BTC price struggles to sustain above the $65000 psychological level. With renewed overhead supply, Bitcoin (BTC) and Ethereum (ETH) showed a 2% decline in the last 24 hours. Other top assets like Solana (SOL) […]

Web3 security firm Blowfish has recently discovered two new types of Solana drainers, ‘Aqua’ and ‘Vanish.’ These harmful programs can be exploited to steal users’ cryptocurrency by modifying the transaction conditions even after the users’ private keys have approved the transaction. This revelation signifies the increasing complexity of cyber threats in the blockchain environment and […]

Nethermind, an Ethereum Client, has just declared its participation in NEAR Protocol’s Fast Finality Layer (NFFL) initiative. This union comes at a crucial time for decentralized applications (dApps) and smart contracts when the blockchain industry is experiencing a rollup in Layer 2 user adoption in the Ethereum network. Nevertheless, though promising advances in scalability and […]

In response to a bold statement about Bitcoin (BTC) and de-dollarization from 76-year-old American politician Hilary Clinton, Galaxy Digital CEO Mike Novogratz has dragged in the impact of the politicians on the valuation and relevance of the US Dollar. Shifting Blames to Bitcoin on De-Dollarization Clinton, the Former United States Secretary of State stated in […]

The Executive Office of US President Joe Biden has announced its intention to veto proposed legislation, H.J. Res. 109, which seeks to allow highly regulated financial firms to act as custodians for Bitcoin and other cryptocurrencies by overturning the SEC’s Staff Accounting Bulletin (SAB) No. 121. Veto Against Overturning SEC’s SAB 121 H. J. Res. […]

Adrian Orr, the governor of the New Zealand central bank has raised major concerns over digital assets, especially stablecoins. He added that in no way the fiat-pegged stablecoins could be a substitute for real fiat money. Stablecoins’ Stability Misconception Adrian Orr, Governor of the Reserve Bank of New Zealand, cautioned against the perceived stability of […]

Bitcoin (BTC) has been under the microscope with several analysts providing insights into its current status and potential future movements. Moreover, crypto analysts have predicted a further correction. Whilst, market traders have placed over $350 million worth of bids for a BTC price lower than $61,000. Bitcoin Records Substantial Bids On The Downside In a […]