NewsRoom Articles - Page 31 of 178

MondayMar 25, 2024 9:00 am

How Crypto, AI are Influencing Future of Finance

In recent years, the landscape of cryptocurrency has witnessed significant transformations. In addition to the stimulus-fueled boom of 2021, venture capital (VC) companies invested an astounding $33 billion in blockchain and cryptocurrency startups. However, subsequent events such as the Federal Reserve’s interest rate hikes triggered a series of bankruptcies and collapses within the crypto market, including Terra (LUNA) and FTX. Further, despite initial optimism, the concept of Decentralized Finance (DeFi) encountered setbacks, including more than $3 billion in losses due to DeFi hacks in 2023. Moreover, the ongoing Bitcoin bull run underscored a lack of confidence in alternative coins. Yet,…

FridayMar 22, 2024 2:54 pm

Crypto Assets Conference 2024 (CAC24A) Unveils a New Era of Digital Transformation

The Frankfurt School Blockchain Center is pleased to announce the 10th Crypto Assets Conference (#CAC24A), set to illuminate the digital assets landscape on April 16, 2024. During the current surge of bitcoin, the tokenization of digital assets, and the creative use of blockchain technology, cryptocurrencies are reshaping the financial industry by questioning traditional norms. The #CAC24A is paving the way for a future characterised by innovation and exploration. As industries evolve, the Crypto Assets Conference (#CAC24A) gathers sector specialists, corporate pioneers, and trailblazing entrepreneurs to explore the cutting-edge of DLT, blockchain, and crypto assets. Key Highlights: 🗓️ Event Dates: April…

FridayMar 22, 2024 9:00 am

Crypto Funds Notch $2.9B Record in Weekly Inflows

Digital-asset investment products attracted a substantial $2.9 billion in funds during the week spanning March 11–15, 2024, surpassing the prior record of $2.7 billion, as reported by CoinShares. Year-to-date, these inflows have reached $13.2 billion, outpacing the total inflows seen in 2021, which amounted to $10.6 billion. Throughout this period, trading volumes hit $43 billion, marking a record for the previous week and accounting for more than 47% of all Bitcoin volumes worldwide. Additionally, blockchain investments saw a notable turnaround, with inflows of $19 million after six consecutive weeks of outflows. The United States topped the regional rankings with $2.95…

WednesdayMar 20, 2024 9:00 am

El Salvador Could Join List of Wealthiest Nations Because of BTC Holdings

El Salvador, a small yet densely populated nation in Central America, is poised to potentially emerge as one of the world’s wealthiest countries, thanks to its Bitcoin reserves. In September 2021, El Salvador made history by becoming the first country to embrace Bitcoin as legal tender. Subsequently, in November 2022, President Nayib Bukele announced the government’s decision to purchase a Bitcoin daily. Despite facing criticism, President Bukele’s move has proven fruitful, with the government now holding more than 2,000 Bitcoins, valued at more than $150 million. The head of state also noted that there were no intentions to sell the…

MondayMar 18, 2024 9:00 am

Thailand OKs Bitcoin ETFs as Restrictions on Listed Cryptos Ease Globally

Thai authorities have announced a shift in their approach to digital asset investment, permitting money managers to introduce private funds dedicated to U.S. Bitcoin spot exchange-traded funds (ETFs). However, this allowance extends solely to institutional investors and high-net-worth individuals. Though its usage is still restricted, retail cryptocurrency trading is nonetheless widespread in the nation. In 2022, the government prohibited the use of cryptos for payments, and in July last year, it prohibited their use for investment and lending. In an earlier stance articulated in January, regulatory bodies explicitly prohibited investment companies from directly engaging in Bitcoin ETFs for their clientele.…

FridayMar 15, 2024 9:00 am

Bitcoin Crosses $72,000 as UK Opens Door to Crypto Products

Bitcoin surged again, hitting another all-time high. According to Coin Metrics, the leading cryptocurrency’s price soared 3% to $72,022.16, reaching a peak of $72,750.16. The digital currency experienced a volatile surge, marking new records for the first time since November 2021, followed by relatively calmer trading during the weekend. The influx of investments into U.S. Bitcoin spot ETFs continues to be a significant driving force behind the crypto’s price momentum. CoinShares reported a record-breaking $2.7 billion inflow into digital assets last week, bringing the total investment to $10.3 billion, approaching the 2021 record of $10.6 billion. However, increased leverage within…

WednesdayMar 13, 2024 9:00 am

BBB Says Crypto Fraud Is Riskiest Con Consumers Face

Crypto and investment frauds rank as the most perilous schemes in the United States presently, according to the Better Business Bureau (BBB). These fraudsters often deceive their victims, resulting in substantial financial losses, as revealed in the BBB’s annual report on the prevalent scams of 2023, compiled from approximately 67,000 reported incidents. Last year, around 80% of U.S. citizens targeted by crypto fraud experienced monetary losses, with the median amount being $3,800. However, the losses incurred in crypto scams frequently exceed this figure significantly, according to CBS News’ Anna Werner, who specializes in consumer investigations. Perpetrators of such scams utilize…

MondayMar 11, 2024 9:00 am

Understanding the Why Behind Bitcoin’s Latest Surge

Bitcoin recently surged to an all-time high, surpassing its previous peak set more than two years ago. The digital currency exceeded its November 2021 high of nearly $69,000, although it retraced slightly later to hover around $64,000. Currently, Bitcoin boasts a market capitalization of about $1.3 trillion, constituting a significant portion of the overall $2.6 trillion crypto market. One significant catalyst driving Bitcoin's ascent since the beginning of the year has been the ETFs’ approval by the U.S. Securities and Exchange Commission (SEC) in January. ETFs are a collection of assets, akin to shares, that track the price movements of…

FridayMar 08, 2024 9:00 am

Bitcoin Soars to Highest Price Ever as More Money Invested in ETFs

Monday, March 4, 2024, saw Bitcoin soar to its highest price ever, ending a more than two-year period of stagnation that had many questioning the viability of the entire cryptocurrency industry. The trailblazing digital currency surpassed its previous high of $68,789 on Nov. 10, 2021, with a remarkable $68,791 in trading. In recent months, the surge in Bitcoin’s value has been significantly boosted by the approval of Bitcoin spot ETFs by the U.S. Securities and Exchange Commission (SEC). This provided a gateway for traditional investors to add Bitcoin to their investment portfolios. The road to approval was lengthy, marked by…

WednesdayMar 06, 2024 7:52 pm

Press Release of The R.AI.SE Summit April 8th, 2024, Westin Paris Vendôme

R.AI.SE Summit 2024: Enterprise Gateway to Generative AI’s Future February 12th, 2024, Paris, France - The R.AI.SE Summit, a global reunion of 1,500 global leaders and Generative AI pioneers, is set to take place on April 8th, 2024, at the prestigious Westin Paris Vendôme, Paris, France. The landmark conference will bring together the corporate world and the top artificial intelligence builders to share first-hand insights on using Generative AI to address essential business and societal challenges. "Excited to discuss Generative AI advancements at RAISE Summit, showcasing Mistral AI's innovations" comments Arthur Mensch, Co-Founder and CEO of Mistral AI. Featuring more…