Crypto news

JPMorgan topped Q1 2023 revenue expectations by more than $3 billion on the back of higher Fed-facilitated interest rates.   JPMorgan Chase (NYSE: JPM) recently posted a Q1 2023 record revenue haul that beat analysts’ expectations. The banking giant’s record first-quarter revenue largely benefitted from net income on higher interest rates which surged 50% year-over-year (YoY). JPMorgan said its Q1 revenue came in at $39.34 billion compared to the $36.19 billion analysts expected....

[PRESS RELEASE – Please Read Disclaimer] Finblox is set to launch the Finblox Token ($FBX) on 25th April with an early access sale on the Finblox launchpad. This sale is exclusive to whitelisted customers who will receive exclusive perks like discounts on the public sale price and NFTs. Interested users can register to join an ongoing promotion to land a coveted whitelist spot for the token. Finblox has prepared a series of activities to support the launch on their website,...

[PRESS RELEASE – Please Read Disclaimer] Caizcoin has successfully invented and developed Islamic Federated Byzantine Agreement (IFBA), a Fiqh compliant consensus mechanism. IFBA incorporates three key innovations over the Federated Byzantine Agreement (FBA) algorithm. These key innovations ensure that nodes in the Caiz blockchain can always reach consensus, ensuring that the blockchain will never stop running. IFBA is a consensus algorithm that has gained significant...

This week saw the total cryptocurrency market capitalization soar above $1.3 trillion on the back of major increases from many coins. The sentiment has also improved considerably across the board. Bitcoin’s price managed to top the coveted $30K level – a point that we haven’t seen in 10 months. The week started relatively quiet as everyone was expecting the release of the Consumer Price Index. It’s largely used to gauge inflation in the US. Before its release, however, things...

[PRESS RELEASE – Toronto, Canada, April 14th, 2023] Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve Wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX. This proposal comes after Binance’s announcement that it will support Conflux Network’s (CFX) mainnet integration. The hope is to attract more initiatives, establish...

The Zipmex rescue deal was threatened after the investor backtracked on its earlier promise to repay creditors fully.  Amid plans to rescue embattled crypto exchange Zipmex from insolvency, the investor has reportedly reneged on its promised 100% payment. According to reports, Zipmex’s rescue investor now seeks to pay only 10 to 20 cents on the dollar to the exchange’s creditors. This development proves shocking because the ‘unnamed’ investor initially pledged to repay Zipmex’s debts...

Not long ago, we published an article about former Pennsylvania Senator Pat Toomey, a republican who chose not to run for another term despite serving in politics for over 20 years. Pat Toomey Shows Two Faces When Discussing Crypto Going that long, Toomey was clearly a popular figure, and in our piece, he discussed his many thoughts on crypto and how he was against regulation given everything comes with hiccups, and those hiccups shouldn’t be an excuse to bring whatever...

While the reasons for Sun’s recent financial transactions remain unknown, he has responded to the claims with just a comment “4” a number that signifies False News and Fear, Uncertainty and Doubts (FUD) amongst others. On-Chain data from crypto analytics firm, Lookonchain has shown that Justin Sun, the founder of the Tron Blockchain protocol has been liquidating some of his assets over the past 24 hours. According to the data from Lookonchain, the popular crypto innovator transferred a...

Amazon Bedrock has multiple use cases, including Text Generation and Chatbots. The burgeoning AI space has welcomed an addition as Amazon launches Bedrock to take on Google and OpenAI. With Bedrock, Amazon Web Services (AWS) users will be able to build out generative AI from foundation models (FMs). ChatGPT is an example of a generative AI model that came with full force and got the world’s attention. Just as OpenAI caused a stir, Amazon is ready to cause a quake with Bedrock. Amazon...

According to the advocates, Meta will expose teenagers and young adults to harassment and privacy violations. Social media giant Meta has received a huge backlash following its recent Metaverse announcement. While its metaverse app Horizon Worlds currently serves users of 18 years and above, the platform recently revealed plans to make room for users aged 13 to 17 as well. Advocacy Groups Raise Concerns Dozens of advocacy organizations and children’s safety groups are already kicking...