Tag Archives: News

With a valuation of $2 billion within its first year, Mistral’s rapid ascent reflects the tech industry’s unwavering optimism regarding the future potential and profitability of AI businesses. Mistral AI, a formidable competitor to OpenAI, is in the final stages of securing approximately €450 million ($487 million) in a funding round. Notable investors, including Nvidia Corp and Salesforce Inc, are backing the venture, valuing the artificial intelligence company at around $2 billion,...

Crypto analyst Ali Martinez has warned of a potential correction for SOL. The price of Solana (SOL) has experienced a 7% decline over 24 hours. However, at the time of writing the fall is not so critical. The coin is around 1% down. The Solana price today is approximately $60 despite the recent market corrections that saw the price of Bitcoin (BTC) and Ethereum (ETH) rise to $42000 and $2200 respectively for the first time since last year. According to CoinMarketCap data, the crypto asset,...

Market analysts interpret these recent filings as indications of the ongoing collaborative efforts between the SEC and major issuers to navigate the regulatory landscape. In a recent development, asset managers BlackRock Inc (NYSE: BLK) and Bitwise have submitted amended filings to the US Securities and Exchange Commission (SEC) for their proposed spot Bitcoin (BTC) Exchange-Traded Funds (ETFs). BlackRock Inc’s Bitcoin ETF Strategic Moves The revised documents, now accessible on the SEC...

The Deribit exchange has recorded a new yearly high for Bitcoin perpetual futures open interest, a record not seen since BTC’s ATH. The amount of open interest in Bitcoin perpetual futures on the Deribit derivatives exchange has hit a new high of $740 million. This impressive level was last seen in November 2021 when Bitcoin hit its $68,000 all-time high. As of this writing, open interest in Bitcoin perpetual futures has fallen to $717 million. A rise in open interest in Bitcoin perpetual...

Salus’s research extends beyond smart contracts, proposing that the Lightning Cat technology can be applied to identify weaknesses in other types of code throughout the entire blockchain stack. Salus, a leading Web3 security company, has accomplished a big milestone with the publication of its research in ‘Scientific Reports’, a sub-journal of the esteemed ‘Nature.’ The research paper “Deep learning-based solution for smart contract vulnerabilities detection” explores the potential of deep...

While the SEC has yet to greenlight any spot ETF applications, the new filings lend further credence to the likelihood of a spot Bitcoin ETF approval soon. Investment manager BlackRock has revised its application for a spot Bitcoin ETF approval with the US Securities and Exchange Commission (SEC). The revision comes on the heels of rumors that investment companies seeking Spot ETF approval would update their S-1 filings in response to SEC comments The new BlackRock filing reveals the...

As Bitcoin price has rallied past $42,000, the surge in BTC perpetual futures open interest suggests further price rally going ahead. On Monday, December 4, the world’s largest cryptocurrency Bitcoin (BTC) delivered a bullish rally shooting past $42,000. The recent bullishness around Bitcoin revolves around the expectations of a Bitcoin ETF approval in early January 2024. Bitcoin surging past $42,000 is viewed as the beginning of a new crypto supercycle, with enthusiasts predicting it...

This integration with established financial institutions is expected to provide substantial support for the crypto sector. Hashdex, a leading global crypto-focused investing company, has unveiled its much-anticipated “2024 Crypto Investment Outlook – Opportunity meets Optimism”. The forecast delves into the expectations for the upcoming year and beyond, providing insights from Hashdex’s leadership and digital asset experts. Marcelo Sampaio, Co-Founder and CEO of Hashdex expresses optimism...

ADA price is gaining pace above the $0.3880 zone against the US Dollar. The price is now trading above $0.3920 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.3885 on the 4-hour chart (data feed via Coinbase). The price could continue to rise if it clears the $0.4150 and $0.420 resistance levels. Cardano price is rising above $0.380 against the US Dollar, like Bitcoin. ADA price could rally further if...

Ethereum price is moving higher above the $2,200 resistance against the US Dollar. ETH price is now trading above $2,150 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $2,130 on the 4-hour chart (data feed from Coinbase). The pair could climb further if it stays above the $2,130 support zone. Ethereum price is rising above the $2,200 level against the US Dollar. ETH/USD could rise further if it clears the...