Day: May 2, 2023

Bitcoin’s ‘relief rally possibly ends after bullish surge

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied As of April, bitcoin’s price has remained steady at around $28,000 since March 23rd, marking a significant increase from its starting point of $17,000 at the beginning of the year. Now, crypto traders and investors focus on whether bitcoin’s current price is still on the uptrend or if the relief rally is nearing its end. At the time of writing, bitcoin is sitting at 28,000, a 1.3% decrease in the last 24 hours. BTC to USD…

JPMorgan Chase Acquires First Republic Bank After Crisis

American multinational banking giant JPMorgan Chase has emerged as the lucky buyer of the embattled regional banking firm, First Republic Bank. As reported by CNBC, JPMorgan Chase & Co (NYSE: JPM) acquired all of the deposits of First Republic Bank (NYSE: FRC) and a substantial number of its shares. The acquisition was made possible after regulators took a hold of the bank on Monday. This notably placed the collapse of First Republic Bank as the worst in the US banking ecosystem since 2008. According to JPMorgan, it considers the acquisition as…

Liechtenstein embraces crypto evolution with updated digital asset laws

Even as one of the world’s smallest countries, Liechtenstein continues to prove itself as a leader in blockchain regulation.  After implementing the Token and Trusted Technology Service Providers Act (TVTG), in 2019, the country has continued to gain attention from European and international crypto communities. A pioneering step The TVTG created a regulated framework for token-related services, putting Liechtenstein among the first countries globally to enact legislation specifically for the crypto and blockchain industry, and the act has been in force since the start of 2020. Since the implementation of…

ARK Invest spends Int’l Workers’ Day buying $8M in Coinbase shares

ARK Invest, the investment management firm founded by legendary investor Cathie Wood, has celebrated International Workers’ Day by buying shares of cryptocurrency exchange Coinbase. On May 1, ARK purchased 129,604 Coinbase shares for its ARK Innovation exchange-traded fund (ETF), according to an investor notification seen by Cointelegraph. The investment company also bought 23,456 Coinbase shares for its ARK Next Generation Internet ETF and 15,809 for its Fintech Innovation ETF. The entire purchase amounted to 168,869 Coinbase shares, worth around $8.5 million. The acquisition makes up nearly 50% of the total…

ARK Invest spends Int’l Workers’ Day by buying $8M in Coinbase shares

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ARK Invest, the investment management firm founded by legendary investor Cathie Wood, has celebrated International Workers’ Day by buying shares of the cryptocurrency exchange Coinbase. On May 1, ARK purchased 129,604 Coinbase (COIN) shares for its ARK Innovation exchange-traded fund (ARKK), according to an investor notification seen by Cointelegraph. The investment company also bought 23,456 COIN stocks for the ARK Next Generation Internet ETF (ARKW) and 15,809 Coinbase shares for the Fintech Innovation ETF (ARKF). The entire purchase amounted to 168,869 Coinbase stocks, worth around $8.5 million. The acquisition makes…

Samsung employees banned from using ChatGPT-like AI tools

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Samsung is the latest entity to take a stance against emerging generative artificial intelligence (AI) tools as they rapidly infiltrate major global industries. According to a Bloomberg report on May 2, the company will ban the use of generative AI tools like ChatGPT among its employees. This new policy comes after Samsung staff uploaded a “sensitive code” to the platform. Samsung told staff that as interest in AI platforms is growing, so are the security risks. The internal memo highlighted concerns over the data sent to AI platforms and its potential…

Blur NFT lending protocol gets mixed reactions from the community

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Nonfungible token (NFT) marketplace Blur recently launched its collateralized lending protocol called Blend, allowing a buy now, pay later approach to purchasing NFTs.  Members of the community had varying reactions. Some believe that it’s a massive development for the space, while others called on the United States Securities and Exchange Commission (SEC) to protect users against such products. On May 1, Blur launched a peer-to-peer perpetual lending protocol called Blend, a platform it developed with the help of venture capital firm Paradigm. The protocol supports NFT collateral, and the team…

Dev Jason Dreyzehner – Bitcoin News

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Pro-freedom technologies advocate and software developer Jason Dreyzehner recently spoke with Bitcoin.com News via email about the upcoming Bitcoin Cash network upgrade on May 15. One of the most talked about improvement proposals set to go through on that date — which proponents view as a boon to economic freedom — is the Cashtokens CHIP. Beyond UTXO-level token creation, the upgrade will allow for “advanced on-chain applications like higher-security vaults, decentralized exchanges, and bridged sidechains,” comparable to ethereum, more scalable, and cheaper, according to Dreyzehner. Bitcoin Cash Dev Dreyzehner on…

NvirWorld could ride the crypto bull run expected in Q2 2023

The price of bitcoin (BTC) has risen sharply since the start of the year and especially days after the banking crisis in the United States. Specifically, bitcoin strengthened as the Silicon Valley Bank (SVB) went bankrupt in mid-March. On April 27, the First Republic Bank’s crisis rumors unfolded, driving bitcoin and crypto prices even higher. On this basis, analysts expect a sharp recovery of crypto prices in the months to come. Already, Balaji Srinivasan, former chief technology officer (CTO) of Coinbase, a crypto exchange, posted on Twitter, saying:  “The current…

Market Value of ‘Bitcoin Request for Comment’ (BRC-20) Tokens Rockets to $137M, Up 600% in a Week

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As of writing, the combined market cap of more than 8,800 BRC-20 tokens was $137 million – a staggering 682% rise from $17.5 million seen a week ago, according to data tracked by Ordinals-builder Ordspace. (For a brief moment early Tuesday, the website showed the total market cap at $2.93 billion. Ordspace said the figure wasn’t accurate and likely resulted from low liquidity in some of the tokens.) Original