Day: July 19, 2023

Bitcoin BTC Price Lingers Below $30K, While XRP Continues Its Rally

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In the “First Mover” interview, Todaro predicted that Coinbase trading volumes for its second quarter (ending June 30) should be the poorest second quarter since the exchange started trading publicly in 2021. But he said July volumes “are okay,” and that investors should already have priced in the company’s Q2 issues. “Folks should start looking at what’s coming up,” including next year’s bitcoin halving, “which is historically coinciding with higher crypto prices, ETF applications and a little bit more of a positive view on regulation,” he said, and described the…

Meta and Microsoft launch open-source AI model Llama 2

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Big Tech firms Meta and Microsoft have teamed up to launch Llama 2, an open-source large language model from Meta that will feature on Microsoft’s Windows and cloud computing platform Azure. The pair announced the collaboration on July 18 saying Llama 2 was made free for research and commercial use while also being optimized to run on Windows. The announcement confirmed rumors from last week that said Llama 2 would be built for businesses and researchers to create applications on Meta’s AI tech stack. We believe an open approach is…

Polychain secures $200m for fourth crypto VC fund amid staff departure

Polychain Capital has successfully secured approximately $200 million in the first round of funding for its fourth crypto venture capital fund. A source familiar with the matter revealed that Polychain intends to reach a total fundraising goal of $400 million for the fund. A substantial fundraising achievement Established in 2016 by Olaf Carlson-Wee, Coinbase’s first employee, Polychain Capital is a VC firm focused on blockchain investments. The firm’s projected $400 million target is said to match the amount outlined in its April filing with the U.S. Securities and Exchange Commission…

Valkyrie’s spot Bitcoin ETF proposal is now on SEC’s Nasdaq rulemaking list

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Valkyrie’s Bitcoin exchange-traded fund proposal has been accepted by the SEC for official review. The proposal entered the official docket on July 17, as per data from the SEC’s Nasdaq rulemaking list. Last in the batch Following the recent publication of BlackRock’s spot Bitcoin exchange-traded fund (ETF) proposal on July 13, Valkyrie’s listing on the docket marks the last in the batch under consideration by the U.S Securities Exchange Commission (SEC). The proposed fund, symbolized as…

Reddit’s Moons and Bricks tokens skyrocket amidst terms of service change

The native tokens of Reddit’s r/CryptoCurrency community, Moons (MOON) and Bricks (BRICK) have recorded an impressive triple-digit price gain this week following an announced change in Reddit’s terms of service. The cryptocurrency Moons (MOON) associated with Reddit’s r/CryptoCurrency community, which boasts over 6.5 million members, has witnessed a significant price increase since July 16 around 1 pm EST. Coingecko data shows a 358% rise in the value of Moons, from $0.09 to nearly $0.45. Moons are ERC-20 tokens that Reddit awards to users for their contributions to the r/CryptoCurrency subreddit…