In what unfolds as an optimistic event within the cryptocurrency realm, Shiba Inu, the self-proclaimed Dogecoin killer, noted a remarkable surge in its burn rate today, fueling optimism among traders and investors across the global crypto industry. Burn insights unveiled by the meme coin’s tracker revealed a staggering 1055% upswing in SHIB’s burn rate, contrasting […]

Venture capitalist Marc Andreessen, along with Accolade Partners and Galaxy Digital, has infused a substantial $75 million into the latest funding round of 1kx, a leading crypto venture capital firm renowned for its early-stage investments in crypto infrastructure, consumer applications, and middleware. This significant investment catapults 1kx’s total capital raised to $200 million since the […]

Sam Bankman-Fried, the founder of FTX, has been sentenced to 25 years in prison. This ruling was made after Bankman-Fried was convicted on several charges, including fraud and money laundering, associated with the failure of his cryptocurrency exchange, FTX. The sentencing was conducted in Manhattan federal court, with Judge Lewis A. Kaplan overseeing the entire […]

Mike Novogratz, the CEO of Galaxy Digital, has highlighted the critical state of the US debt deficit. He emphasized the need for the government to cut its spending noticeably. Novogratz also preached for a higher tax on the rich to solve the problem. He stressed that the issue of sealing up the major cash outflow […]

Crypto exchange HKVAEX linked to the world’s largest crypto exchange Binance has withdrawn its virtual asset trading platform license application from Hong Kong Securities and Futures Commission (SFC). The Hong Kong securities regulator asked crypto exchanges and firms to apply for the license before the deadline of February 29. Binance-Linked HKVAEX Withdraws License Application in […]

Blockstream CEO Adam Back seems very optimistic about the possibility of Bitcoin (BTC) hitting a new all-time high (ATH) this “long” weekend.  Bitcoin Might Hit ATH This Weekend Back shared his optimistic sentiment in the early hours of Friday on X, citing some events that could have derailed the coin from reaching for a new […]

The United States Federal Reserve Chair Jerome Powell has reiterated that the U.S. recession is not an immediate worry and the apex bank is not in a hurry to cut interest rates.  US Recession, Inflation and Current Data During an event that was held in San Francisco, Powell acknowledged that the fresh inflation data that […]

Amid the global scrutiny encountered by the newly emerging tech of AI (artificial intelligence), the Biden administration’s recent enhanced approach in barring AI chip exports to China nabbed global attention. Making it harder for the Chinese market to access U.S. AI chips and chipmaking tools, these revamped export curbs come as a measure to hamper […]

The Medallion Fund, managed by top mathematicians at RenTech, has achieved remarkable returns over the years. Renowned for its consistent profitability, the fund has yielded impressive results, reaching a staggering 7.4 times its initial investment over a span of 7 years. Bitcoin, the largest cryptocurrency by market cap, has demonstrated significant growth potential over the […]

Justice Scott Skavdahl, who has been hearing the case between Custodia Bank and the Federal Reserve, changed his view on the issue of the Fed’s power over the master account applications. At first, Judge Skavdahl appeared to be doubtful that Congress had given the Federal Reserve complete freedom in determining such applications.  This viewpoint entailed […]