Crypto news

Ripple – the company behind one of the leading cryptocurrencies, XRP – has announced that it will acquire Fortress Trust. According to a recent announcement, Ripple has agreed to acquire Fortress Trust. Fortress Trust is a well-known financial institution that’s focused on cryptocurrencies. Mainly, it provides Web3 financial, technology, and regulatory infrastructure to blockchain-oriented companies. The sum of the acquisition remains undisclosed. Speaking on the matter was...

The US Federal Bureau of Investigations (FBI) claimed that the notorious North Korea-sponsored hacking syndicate Lazarus Group is responsible for the recent attack on the cryptocurrency sports betting and casino platform Stake. The hack resulted in the loss of over $41 million worth of crypto assets from the gambling firm. Lazarus Group Behind Stake Hack In a press release issued on Sept. 6, 2023, the FBI said it carried out investigations into the Stake hack, which revealed...

Ethereum is now eight years of age, and many experts have come out to praise the world’s second largest digital currency by market cap. Ethereum is Now Eight Years Old! Ethereum first emerged in 2015 and was designed to be more of a network rather than a currency. This has worked well over the years given how much popularity it’s earned amongst developers who prefer its technology to bitcoin’s when it comes to creating new blockchains and assets. Not long ago,...

[PRESS RELEASE – Vilnius, Lithuania, September 8th, 2023] AppVills Introducing TwinGPT — a groundbreaking AI communication crypto project that seamlessly merges state-of-the-art artificial intelligence with user personalization and a dynamic token-based economy. TwinGPT is anchored to the Nicegram Messenger, a platform built on the Telegram API. Boasting 2.6 million monthly active users (MAU) and over 20 million downloads, the project stands out as one of the most noteworthy...

The market has been relatively calm throughout the past seven days, and it failed to deliver any substantial increase (or decrease) in most of the cryptocurrencies, including Bitcoin. Starting with the BTC price, it’s more or less where it was this time last week – slightly below $26,000. To be fair, the cryptocurrency is down around 0.8% over the past seven days, and it wasn’t for the past day, the week looked as if it never happened. The price hovered around $26K in search...

The decision by the FASB to allow fair-value accounting for digital assets is a huge step forward for companies like MicroStrategy. Software developer MicroStrategy Inc (NASDAQ: MSTR) is set to report its Bitcoin (BTC) holdings quarterly without recognizing impairment losses in case of crypto price declines during the reporting period. This development comes as a result of the Financial Accounting Standards Board (FASB) approving new guidelines. Berenberg, a respected investment bank, has...

Nvidia will provide Jio with extensive AI supercomputer solutions while Reliance’s Jio Platforms will oversee the AI cloud infrastructure’s management. In a major development on Friday, September 8, Reliance Industries’s Jio Platforms joined hands with GPU giant Nvidia to build large language models on AI. In the announcement, the company said that this AI model will be based on the regional Indian languages. “Large language models” refer to natural language processing systems that...

Rob Nelson – the anchor of Roundtable – recently hosted a discussion regarding the future of bitcoin and how it can help the world’s poor population. Bitcoin Can Do a Lot for Unbanked People The discussion took place in Miami and featured renowned BTC and crypto figures like Evilio Medina, the president of the Downtown Miami Chamber of Congress. The goal of bitcoin has always been to enable democracy in the world of finance. As things have turned out over the...

The partnership also includes an integration of Circle’s Cross-Chain Transfer Protocol (CCTP) with the OKX DEX aggregator to enable USDC cross-chain swaps across Ethereum, Avalanche, Arbitrum and the OP Mainnet ecosystems Global crypto exchange OKX and stablecoin issuer Circle have partnered to bring USDC  features to the OKX Wallet and OKX DEX aggregator. This is according to a September joint announcement by the companies. Strap in for a next-gen USDC experience with #OKXWallet and...

As AI continues to permeate various sectors, Arm Holdings stands to benefit significantly from this technological wave. Arm Holdings plc, a renowned chip designer backed by SoftBank Group Corp (TYO: 9984) recently revealed its ambitious revenue growth projections ahead of its Initial Public Offering (IPO) plans. Arm Holdings Shares Its Vision for Growth The company expects to achieve an impressive 11% increase in revenue for the current fiscal year. Looking further ahead, Arm Holdings...