Crypto news

Spot Bitcoin exchange-traded funds (ETFs) are arguably the hottest topic in the cryptocurrency community for the past few weeks, a trend that was only solidified during the last several days. Recall that the SEC deemed all recent filings as “inadequate” last Friday, which put a major shade on all applications on whether they will be added to the growing list of rejections made by the securities regulator. However, all companies reacted swiftly and refiled with more “adequate”...

CoinspeakerAlibaba Rolls Out AI Image Generation Model to Enhance Business Productivity In addition to Tongyi Wanxiang, Alibaba Cloud unveiled ModelScopeGPT, a versatile framework designed to streamline complex AI tasks across language, vision, and speech domains. Alibaba Rolls Out AI Image Generation Model to Enhance Business Productivity

CoinspeakerMultichain Suspends Services Following $130M Exploit across Multiple Bridges Multichain has now warned that because of the exploit, all transactions will be stuck on source chains until further notice. Multichain Suspends Services Following $130M Exploit across Multiple Bridges

Jerome Powell – the head of the Fed – has announced that due to ongoing stress endured by the American banking system, he and his cronies will likely ease their hiking of interest rates. Strangely, the news has not done great things for bitcoin or crypto. In fact, prices took a small and temporary dive following the announcement. Jerome Powell Hints at Potential Curb to Rate Hikes This is arguably the attitude Powell should have had a long time ago. When banks are...

Changpeng Zhao (CZ), the CEO and founder of leading crypto exchange Binance, announced that his company’s users, assets, and platform were unaffected by the recent hack on the cross-chain router protocol Multichain. The Binance boss tweeted that the exchange had finalized all asset swaps and closed deposits a while before the incident occurred. Binance Unaffected by Multichain Exploit On July 6, Multichain experienced abnormal outflows from its bridge contracts to an unknown...

CoinspeakerBernstein: Bitcoin Mining Is Game of Nerves, Might See AI Diversification Bernstein believes that going ahead only big players would be able to survive as mining costs continue to rise. Bernstein: Bitcoin Mining Is Game of Nerves, Might See AI Diversification

CoinspeakerJPMorgan: Bitcoin ETF Approval by SEC Won’t Revolutionize Crypto The report acknowledges that physically-backed Bitcoin ETFs offer certain advantages over futures-based funds. JPMorgan: Bitcoin ETF Approval by SEC Won’t Revolutionize Crypto

CoinspeakerSamsung Predicts 96% Profits Loss in Q2 2023 The executive director of Daiwa Securities Capital Markets SK Kim said that Samsung may benefit from the US demand. Samsung Predicts 96% Profits Loss in Q2 2023

CoinspeakerShibarium Layer 2 Blockchain Set to Launch in August, Says Shiba Inu Lead Developer In addition to launching Shibarium in August after the blockchain conference, Shiba Inu would likely provide more information on ecosystem projects. Shibarium Layer 2 Blockchain Set to Launch in August, Says Shiba Inu Lead Developer

CoinspeakerFBI Reportedly Raid Kraken Founder Jesse Powell’s House Over Cyberstalking Accusations The Kraken founder is not the first public figure in the crypto industry to be investigated by federal authorities. FBI Reportedly Raid Kraken Founder Jesse Powell’s House Over Cyberstalking Accusations