Crypto news

Zhipu and Baichuan are the two leading startups involved in China’s push for using generative artificial intelligence competing with Google and OpenAI. Amid the buzzing AI market, Chinese AI startup Zhipu announced that it has secured $342 million (or 2.5 billion yuan) in funding from Chinese tech giants Alibaba Group Holding Ltd (NYSE: BABA) and Tencent Holdings Ltd (HKG: 0700). HongShan, the former Sequoia China along with food delivery leader Meituan joined the recent funding round....

Cloud gaming as a key aspect of what Microsoft is bringing to the world of gaming. A recent deal saw tech giant Microsoft Corp (NASDAQ: MSFT) paying $69 billion to acquire US game publisher Activision Blizzard Inc (NASDAQ: ATVI). However, according to venture capital (VC) firm Konvoy, that Microsoft’s deal might just be the start of many more similar ones to come to gaming. In a report that Konvoy partner Josh Chapman recently shared with CNBC, the world’s biggest tech firms still hold a...

LBRY announced that all of its executives, staff members, and board directors had resigned. According to LBRY’s statement, the company will now focus on addressing any remaining legal obligations before completely ceasing operations. Cryptocurrency firm LBRY has announced that it will cease operations and shut down following a legal battle with the Securities and Exchange Commission (SEC). LBRY was sued by the SEC in 2021 for allegedly conducting an unregistered securities offering by...

Bitcoin cash is eyeing a fresh increase above the $235 resistance against the US Dollar. The price is now trading above the $220 zone and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $222 on the 4-hour chart of the BCH/USD pair (data feed from Coinbase). The pair must clear $235 and $242 to start a fresh increase in the near term. Bitcoin cash price is consolidating gains above $220 against the US Dollar,...

TL;DR Speculation suggests France might use XRP for its digital euro, backed by positive references from Banque de France. The European Union is progressing towards a digital euro with recent European Central Bank movements. Bhutan and Montenegro have already collaborated with Ripple for their CBDC efforts. Could XRP Find a Spot in France’s Future Financial Plans? Several X (Twitter) users have recently speculated that one of the leading European economies – France – might...

TL;DR US attorney John E Deaton noticed a potential shift in the SEC’s stance towards the cryptocurrency industry, especially after not leveraging the recent fake BTC ETF news to criticize the sector. Previously, SEC’s Chairman Gary Gensler frequently associated crypto with negative activities. Deaton suggests Gensler’s behavior may be influenced by major institutions’ opinions. Despite a rumor that the SEC approved BlackRock’s BTC ETF application causing a price surge, the...

Investment management giant BlackRock filed an amended version of its spot Bitcoin ETF S-1 application form on Wednesday, following numerous updated filings from rival firms. The updated filing includes five additional pages of text warning of additional risks the fund’s investors may face, including risks related to Bitcoin itself. Bitcoin Lacks Transparency, Says BlackRock In the filing dated October 18, BlackRock modified a risk disclosure related to how its share prices...

TL;DR Financial expert Linda Jones suggests XRP could be a lucrative investment due to its volatility and potential for future price increases, with Wall Street firms showing interest in its futures contracts. While some crypto analysts have given lofty predictions for XRP’s future value (e.g., $27 or even $500), these figures require XRP’s market cap to reach unprecedented levels. Speculation around Ripple potentially filing for an IPO could significantly impact XRP’s value,...

TL;DR BitMEX is delisting ten perpetual swap contracts, including FLOKI/USD and FLOKI/USDT, due to “insufficient trading interest.” Despite the delisting, Floki Inu’s (FLOKI) price increased by around 3% in the past 24 hours, outperforming other major memecoins like Dogecoin and Shiba Inu. Floki Inu is among many memecoins in the market, known for their high volatility; investors are cautioned about potential risks due to some having minimal real-world use cases. FLOKI Takes...

[PRESS RELEASE – Melbourne, Australia, October 19th, 2023] The cryptocurrency market is rapidly evolving, and at the forefront of this revolution is Hommiestoken, a project that’s set to redefine the landscape of blockchain-based utility. Hommiestoken is on a mission to empower the middle class worldwide with a comprehensive multi-utility dapp system. As the launch date approaches (scheduled for the end of November), it’s worth taking a closer look at what makes Hommiestoken...