NewsRoom Articles - Page 40 of 187

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…

WednesdayMar 06, 2024 9:00 am

UK Regulations Easing Crypto Asset Seizures to Take Effect Soon

The United Kingdom government has released statutory instrument material that represents a major advancement in the field of cryptocurrency law enforcement. As per the provided material, authorities will have the right to freeze cryptocurrency assets linked to illicit activity as of April 26, 2024, even in the absence of an official conviction. The announcement made public on Feb. 29, 2024, delineates the revisions introduced to the “Economic Crime and Corporate Transparency Act 2023.” These revisions extend authority to the UK’s crime agency, empowering it to confiscate and take cryptocurrency assets suspected of being involved in illegal activities without the necessity…

MondayMar 04, 2024 2:48 pm

Blockchain Life Week in Dubai: we have never seen this before

The upcoming Blockchain Life 2024 Forum is set to be a game-changer for industry professionals and crypto enthusiasts from all over the world. With a lineup of renowned speakers confirmed, including the Founder of Tron, CEO of Tether, and CEO of Ledger along with many other leaders of the global crypto market. Gathering over 8000 attendees from 120 countries, this massive Forum has to be considered as the main event of the first half of 2024. But the excitement doesn't stop there. From April 13 to 21 crypto people will dive into an unbelievable Blockchain Life Week, filled with exciting…

MondayMar 04, 2024 9:00 am

US Judge Orders Government to Halt Attempts to Audit Crypto Miners’ Energy Use

The United States government has halted its efforts to monitor crypto mining operations due to concerns about increasing energy consumption, following a lawsuit by a sector accused of exacerbating the climate crisis by environmental organizations. A Texas federal judge has ordered a temporary injunction to stop the imposition of new regulations aimed at evaluating the energy use of cryptocurrency miners. According to the judge, if these restrictions were made mandatory, the crypto sector would be severely harmed. An emergency initiative was launched last month by the U.S. Energy Department to assess how much energy mining activities used. These activities make…

FridayMar 01, 2024 9:00 am

Bybit Research Shows Ether Overtook Bitcoin as Favorite Investment for Institutions

According to a recent report released by Bybit, institutional investors are favoring Ethereum (ETH) over Bitcoin (BTC) in their investment portfolios, in contrast to retail investors, who show more enthusiasm toward the latter digital currency. Bybit’s analysis, which polled traders who are active on the platform, revealed that institutions have boosted their allocation to Ether and Bitcoin, making up 80% of their portfolio. This shift is notably influenced by the awaited Dencun upgrade, particularly driving the significant bet on ETH. Meanwhile, retail investors display a different pattern, demonstrating a lower concentration on Ether and Bitcoin while showing a stronger inclination…

WednesdayFeb 28, 2024 9:00 am

How the Upcoming Bitcoin Halving Could Affect the Crypto Industry

Every few years, a significant event captivates the crypto world: Bitcoin halving. This eagerly anticipated occurrence slashes the rewards for Bitcoin miners in half, directly impacting the rate of production and the available supply. With the upcoming halving scheduled for 2024, speculation is mounting about its potential effects on the wider crypto market. The looming question is: Will prices soar due to the reduction in new coin supply, or will the dwindling rewards undermine the crypto’s mining infrastructure? While the exact outcomes are uncertain, one thing is certain—this year’s halving will reverberate throughout the industry. As enthusiasts and investors eagerly…