Crypto news

Bitcoin has been following a bearish price action over the last few weeks following the rejection from the critical $30K resistance level. Yet, there is still hope to recover. Technical Analysis By Edris The Daily Chart The price has dropped significantly from the $30K resistance zone on the daily timeframe, breaking below both the 50-day and 200-day moving averages. The $25K support level is currently holding it. Yet, the 200-day moving average, located around the $28K mark,...

The crypto firm known as the Avalanche Foundation has set aside roughly $50 million to buy new tokenized assets that have been created on its layer-1 blockchain. Avalanche Has Big Tokenization Plans This inherently created a new division for the company known as Avalanche Vista, which will seek to establish the value of future tokenization in sectors such as equity, credit, commodities, and real estate. John Wu – the president of Ava Labs, the company that...

Not long ago, democratic hopeful Robert F. Kennedy Jr. proposed backing the U.S. dollar with bitcoin. He also promised to do away with capital gains taxes should he win the White House next year. Kennedy Has Big Crypto Ideas There are several analysts, however, that say his plans regarding USD and bitcoin are not possible. Not only that, but they also claim that his plans would do heavy damage to the U.S. economy and cause insurmountable problems. At a recent...

Baidu launched its AI applications using Ernie large language model. The AI assistant can search documents, summarize and translate text, and create content. On Tuesday, September 5, Chinese tech giant Baidu unveiled more than 10 AI-based applications after its ChatGPT-rival Ernie bot got a nod for public use. During the product presentations, one noteworthy reveal was the introduction of WPS AI, a word-processing application integrated with generative AI. Kingsoft Office, a company listed...

The funds will be used by the comapny for international expansion across continents to capitalize on significant market demand. Popular Israeli fintech company ThetaRay, known for its cutting-edge AI-based transaction monitoring and screening solution, Sonar, has secured $57 million in a funding round. The announcement, made on Tuesday, revealed that the fresh round was led by Portage, with the participation of existing investors like OurCrowd and JVP, the company’s largest shareholder....

Point72 Ventures, through the funding round, will help GenTwo extend its offerings and also expand its international business. Securitization specialist fintech GenTwo has raised $15 million in a recently concluded Series A funding round. The round was led by venture capital firm Point72 Ventures, founded by billionaire hedge fund manager and investor Steven Cohen. The billionaire owns a baseball team – the New York Mets. GenTwo has a PRO platform that helps investors securitize and trade...

Hayes believes that it may take the market another six to 12 months to fully respond to the bull run. BitMEX co-founder and former CEO Arthur Hayes has shared an eye-opener about Bitcoin (BTC) that may have flown over the heads of many industry participants. According to him, BTC has been on a bull run for about six months or so. However, the market is yet to react, he added. Arthur Hayes Says Market Will Soon Respond to BTC Bull Run Sharing his thoughts in a keynote speech at the Korea...

BitGo CEO and co-founder Mike Belshe believes his company will help improve the transparency and safety of the growing South Korean digital asset industry. South Korean financial institution Hana Bank has announced its strategic partnership with crypto custody platform BitGo. According to the Korea Economic Daily report, the duo announced the partnership while speaking at the Korea Blockchain Week in Seoul. Hana Bank is a top bank in South Korea, with an estimated $2.4 billion net profit,...

The mixed economic data that has emerged is at the root of the uncertainty surrounding the Fed’s monetary policy. A recent report has revealed that the US Treasury yields are currently on the rise as investors analyze key economic data released the previous week. This surge has prompted investors to contemplate what lies ahead for the nation’s economy. The Morning Surge in US Treasury Yield At 4 a.m. Eastern Time, the yield on the benchmark 10-year Treasury note had reportedly risen by...

Japan has been actively reassessing its crypto tax regulations since last year, with a focus on creating an environment that encourages the growth of blockchain startups within the country. Japan’s financial regulator, the Financial Services Agency (FSA), has unveiled a groundbreaking proposal that could reshape the country’s crypto taxation landscape. On August 31, 2023, the FSA presented its plan to revise the tax code concerning digital assets, with the most prominent change being the...