Crypto news

According to the crypto market data provider Kaiko, Bitcoin’s correlation with the S&P 500 Index has dropped to a two-year low at just 3%, highlighting the asset’s increasing independence from traditional finance.  Some experts have argued over the years that such a development could act as a catalyst and push BTC’s price to a new all-time high. As revealed by Kaiko, the last time Bitcoin’s correlation with the S&P 500 Index stood at 3% was in August 2021. 📈👀...

Venture capital firm Andreessen Horowitz (a16z) said it’s opening its first international space in London and it’s also starting what it’s calling the Crypto Startup School, an accelerator program designed to help digital currency startups garner the funds and resources they need to stay afloat. The company also said it wants to expand its present blockchain program. a16z to Open New London Office a16z is closely working with universities throughout the London...

CoinspeakerSamsung Launches Range of New Devices Including Foldable Smartphones and Galaxy Smartwatches The new foldable smartphones are thinner, faster, and generally better than their predecessors, according to Samsung. Samsung Launches Range of New Devices Including Foldable Smartphones and Galaxy Smartwatches

CoinspeakerAnt Group Prepares for Hong Kong IPO with Strategic Restructuring Ant Group’s IPO was halted in 2020 after the Chinese government intervened, citing rising concerns about the company's growth and potential systemic threats to the financial industry. Ant Group Prepares for Hong Kong IPO with Strategic Restructuring

CoinspeakerDeutsche Bank Exceeds Expectations, Sees 763 Million Euros in Net Profit in Q2 2023 The latest report marks Deutsche Bank's 12th straight quarterly profit since it implemented a restructuring plan back in 2019. Deutsche Bank Exceeds Expectations, Sees 763 Million Euros in Net Profit in Q2 2023

CoinspeakerAlphabet Records Cloud Unit Growth amid Google AI Plans Sundar Pichai revealed that the company was planning to use new AI models to automate some customer services.  Alphabet Records Cloud Unit Growth amid Google AI Plans

An appeal by the U.S. Securities and Exchange Commission (SEC) against Judge Analisa Torres’ ruling on XRP will affirm the decision, according to Stu Alderoty, the chief legal officer (CLO) of Ripple Labs. During an interview with TechCrunch’s Chain Reaction, Alderoty said the judge’s decision was right as it was a “faithful application of the law.” SEC Appeal to Amplify XRP Ruling Recall that the SEC hinted at a potential appeal to Judge Torres’ decision about a week after...

CoinspeakerMeta’s Llama AI Model Now Accessible to Alibaba Cloud’s Customers The collaboration between Alibaba and Meta holds significant implications for both companies. Meta’s Llama AI Model Now Accessible to Alibaba Cloud’s Customers

Lee Bratcher – president of the Texas Blockchain Council – said in a recent interview he wants his state to become the biggest blockchain haven in the United States. He further mentioned that he would like his Texas to become the Silicon Valley of blockchain. The Texas Mining Agenda Keeps Growing The state’s 88th legislative session has been quite productive. Thus far, one crypto law has passed already, while many others are waiting in the wings (passage is...

CoinspeakerRipple Labs Exec Dismisses Concerns around Potential SEC Appeal of Court Judgment According to Alderoty, Ripple will handle any appeal the SEC decides to initiate even though he is confident in the judge's previous ruling. Ripple Labs Exec Dismisses Concerns around Potential SEC Appeal of Court Judgment