Crypto news

Chat GPT is a new AI-based chatbot that’s becoming the next big thing. People are using it for many things including writing content and editing material they’ve already completed. Chat GPT Is Getting Bigger and Bigger In a recent headline, it was announced that Chat GPT was utilized to compose Biden’s latest State of the Union speech. Apparently, the man’s brain is melting so much he’s incapable of picking up a pen and putting his thoughts on paper or typing them up on...

Since being embroiled in a regulatory tussle, BUSD’s market cap went on a steep downward spiral. Since hitting an all-time high of $23.04 billion in November 2022, the market cap of the once-major stablecoin declined by more than 60% to $9.17 billion at the time of writing. The Paxos situation is indicative of the larger picture of crypto exchanges under assault from the United States Securities and Exchange Commission (SEC). Uncertainty is looming over the stablecoin...

Bitcoin tried to recover some of its recently lost value in the past 24 hours but was stopped in its tracks and is back down to $22,300. The altcoins are quite stagnant on a daily scale, with EOS losing all of its yesterday’s gains. Bitcoin Maintains $22K The low trading volumes of last weekend helped bitcoin remain around $23,000 for most of it. The start of the working week saw the asset pushing toward $24,000. In fact, BTC managed to tap that level once on Wednesday, but...

The emergent NFT marketplace Blur may have raised an open battle against the once-market leader, but the latter appears to be making a comeback, albeit slowly. According to Dune Analytics data compiled by sealaunch.xyz, the percentage of unique users on OpenSea saw an uptick since taking a plunge in mid-February. Simultaneously, it was found that there has been a significant decrease in the average sale size per user on Blur after the airdrop. Since the event, the trading...

Coinbase acquired One River Digital Asset Management (an investment manager that provides institutional clients with exposure to cryptocurrencies) without disclosing the terms and the sum of the agreement. The deal comes a few weeks after the two entities rolled out a separately managed account (SMA) platform for wealth management firms. Greg Tusar – Coinbase’s head of institutional product – said the recent acquisition aims to “bring more institutional capital” into the...

In a post-FTX world, it’s really hard being a crypto executive. Not only are your bags empty and revenues down, but you also have United States financial regulators breathing down your neck with subpoenas one day, and lawsuits the next. It’s understandable, then, why industry leaders like Brian Armstrong may wish to present themselves to both media and authorities with their state-worshipping foot forward.  As the CEO of Coinbase – America’s largest crypto exchange – one...

Cathie Wood of Ark Invest believes that by owning Coinbase stock, her new portfolio is enough to knock the Nasdaq into oblivion. She clearly feels Coinbase is going to take the world by storm alongside the likes of bitcoin, Ethereum, and other major forms of crypto. Cathie Wood Thinks BTC and Coinbase Stock Will Shine Wood is particularly pleased with bitcoin’s prospects as of late and stated in a recent interview that she thinks bitcoin could reach a price of more than...

Riot Blockchain – one of the largest and most recognized crypto mining facilities in the world – reported that January was its best month to date in terms of crypto extraction. The company says it was able to pull as many as 740 BTC units from the blockchain two months ago, the most it’s ever done. Riot Blockchain Saw Its Mining Figures Reach Sky High This is good news in that everything we’ve heard ever since the midway point of 2022 suggests mining has become much...

The Colorado-based bitcoin miner – Riot Blockchain – reported a total revenue of nearly $260 million for 2022, a 22% increase compared to 2021. It mined 5,554 BTC and boosted its hash rate capacity to an all-time high of 9.7 EH/s. The positive results come in spite of the devastating bear market that reigned during the bigger part of the year, and Riot’s shrunk production levels in the summer due to a heat wave.  Against All Odds Riot produced 46% more bitcoin in 2022 than in...

Charlie Munger hates bitcoin. He’s made that clear from the get-go. By contrast, Michael Saylor – the former CEO of MicroStrategy – loves bitcoin. Recently, the latter gave his thoughts on the former, and stated that Munger needs to spend more time with BTC so he can understand what it’s all about. Michael Saylor on Charlie Munger: He’s Not 100% Off Not long ago, Munger published an op-ed in the Wall Street Journal claiming that no form of crypto could qualify as a...