Tag Archives: News

Enflame, a company that was founded in March 2018, has already made significant strides in AI chip manufacturing. The company’s cloud chips have found applications in diverse sectors, including education, smart cities, and scientific research. Enflame Technology, a Chinese tech company specializing in artificial intelligence (AI) chip development, has announced the successful completion of its Series D funding round, raising an impressive 2 billion yuan (approximately $273.7 million). This...

According to analysts, there are 15 Ether futures ETFs awaiting approval. The United States Securities and Exchange Commission (SEC) has postponed its decision on spot Ether exchange-traded fund (ETF) applications from ARK 21Shares and VanEck. This comes after a September 26 announcement from the regulator saying it had extended the period for deciding on spot Bitcoin ETF applications from ARK 21Shares and Global X. In notices filed on September 27, the SEC said it would extend the...

Despite its aim to achieve profitability next year, the company grapples with persistent challenges. During the Vox Media Code Conference on Wednesday, Linda Yaccarino, CEO of X (formerly Twitter), said confidently that the company is on track to achieve profitability in early 2024. The optimistic outlook follows the company’s determined efforts to rebuild its reputation and regain advertisers who had previously distanced themselves due to content-related concerns. “Now that I have...

EOS price started a downside correction from the $0.588 zone against the US Dollar. The price is now trading below $0.575 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $0.580 on the 4-hour chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down if it stays below the $0.575 and $0.588 resistance levels. EOS price is declining below $0.575 against the US Dollar, like...

Litecoin started a downside correction from the $68.40 zone against the US Dollar. LTC price is now trading below $65 and the 55 simple moving average (4 hours). There was a break below a key bullish trend line with support near $65.00 on the 4-hour chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh increase if it stays above the $61.75 support. Litecoin price is correcting gains from $68.40 against the US Dollar, like Bitcoin. LTC...

British Columbia, Canada has been a hotspot for crypto crime as of late. One of the big things that’s happening is crypto is being used to launder illicitly funds garnered by organized crime rings. British Columbia: The Biggest Crypto Crime Spot? In a recent interview, Hilary Morden – an expert on gangs in British Columbia – shared the information she had on the topic. She has spoken with more than 100 individual gang members, mostly in 2016 and 2017 through a...

Poof Payments Inc. – a platform that has become a leader in the world of web3 crypto payment solutions – has recently unveiled its new “Pay with Anything” feature. This allows users to pay or process invoices through a wide array of digital currencies such as Cardano, Avalanche, Ethereum, and practically any other asset they can think of. Poof Payments Allows Altcoin Payments The move is pushing the goals of bitcoin and its digital counterparts closer to being...

Participants at the Meta Connect conference expect details of the company’s investment in the metaverse at the 2-day event. The CEO of Meta Platforms Inc (NASDAQ: META) is expected to provide information on the company’s investment in the long-awaited Meta metaverse development at the Meta Connect conference today and tomorrow. Participants at Meta Connect expect to hear details about Meta’s plan to attract investment in artificial intelligence powered by virtual reality (VR) and augmented...

The global crypto exchange has been facing intense regulatory scrutiny. Most of its regulatory issues are in Europe Binance has urged customers in France to convert their fiat currency on the exchange to crypto. This comes on the heels of the crypto exchange losing its euro banking partner Paysafe. As part of the partnership, Paysafe provided Binance France with infrastructure for euro deposits and withdrawals via SEPA bank transfers. The companies announced the drawing end of their...

According to a recent report issued by the U.S. Bureau of Labor Statistics, a 3.2 percent rise in the Consumer Price Index (CPI) occurred last July. This is a primary metric when tracking inflation, and the number suggests inflation has jumped for the first time in more than a year. Inflation is Going Up This means one of several things, a big one being that we’re still not out of the woods yet when it comes to economic issues. Prices are still going up, and...