Day: August 29, 2023

Ripple Gets Ready To Properly Celebrate Triumph Over SEC

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The Ripple community is currently at the edge of their seats after the company’s founder and CEO made announcements to officially host a party to commemorate the cryptocurrency’s triumph against the US SEC.  Hosting A Grand Celebratory Bash Ripple, a leading global payments network, declared openly on Monday, August 28, its intentions to throw a dedicatory party to honor its win over the United States Securities and Exchange Commission (SEC).  Ripple’s win against the US SEC is not only a positive result for the cryptocurrency, but a significant milestone for…

10 ways traditional companies can benefit from partnering with blockchain projects

Leaders of traditional companies across industries may be hearing a lot about the unique versatility and security of blockchain technology and wondering what role it could play in their own businesses. With many pundits proclaiming Web3 and decentraIization to be the future of business and financial transactions, there is likely a sense of urgency behind at least better understanding the possible benefits. Rather than striking out on its own, a traditional company might benefit from partnering with a well-matched blockchain project, whose leaders can offer expertise not only in the…

Bitcoin Price (BTC) Jumps on Grayscale Ruling; GBTC, Coinbase (COIN), Marathon (MARA), Riot (RIOT) Soar

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Sealing docs in Binance case could suggest a criminal probe, says former SEC official

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The legal team representing the United States Securities and Exchange Commission (SEC) in its civil case against Binance is requesting the court grant a motion to allow documents filed under seal. In an Aug. 28 filing in U.S. District Court for the District of Columbia, the SEC petitioned a federal judge for leave to file documents under seal in the commission’s case against Binance, Binance.US, and Binance CEO Changpeng Zhao (CZ). The motion itself was under seal, leading to speculation that the SEC intended to make filings with sensitive information.…

SEC Crushed, GBTC Rockets Towards ETF, Bitcoin Targets $28,000

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In a significant turn of events for Bitcoin (BTC) and the overall market, cryptocurrency asset manager Grayscale has emerged victorious in its legal battle against the U.S. Securities and Exchange Commission (SEC).  The U.S. District of Columbia Court of Appeals has ruled in favor of Grayscale, overturning the SEC’s lawsuit and potentially bringing the company one step closer to achieving Bitcoin Spot exchange-traded fund (ETF) status.  Bitcoin Surges As Grayscale’s Legal Victory Boosts Market Sentiment The recent ruling by the U.S. District of Columbia Court of Appeals has dealt a…

OpenAI Introduces ChatGPT Enterprise | Blockchain News

OpenAI has revealed that its ChatGPT technology has been adopted by over 80% of Fortune 500 companies within just nine months of its launch. This data is based on the percentage of Fortune 500 companies with registered ChatGPT accounts, identified through corporate email domains. A Solution for Business Leaders OpenAI’s recent blog post indicates that business leaders have expressed a need for a “simple and safe way” to deploy ChatGPT within their organizations. In response, the company has introduced ChatGPT Enterprise, a specialized version aimed at meeting these demands. Early…

MATIC Risks Heavy Decline If It Falls Below This Price Level, Analyst Says

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MATIC, the native token of the Polygon network, has experienced both sides of the crypto market volatility in the last day, with a temporary boost followed by a steady price decline. Over the past 24 hours, the prominent altcoin has had its price bounce between $0.55 and $0.56, forming a major consolidation zone. As many MATIC investors speculate on the token’s next movement, popular crypto analyst Ali Martinez has given an interesting prediction that implies an impending market loss. MATIC In Danger Of 27% Price Decline Via an X Post on…

SEC’s Secret Binance Court Filing Has Observers Bracing for Bad News

“Under any circumstance, that this SEC seal-seeking filing is unusual, odd and uncommon cannot be overstated,” Stark wrote. “In my almost 20 years in the SEC Enforcement Division, including 11 years as Chief of the SEC’s Office of Internet Enforcement, our team worked on and led a broad range of SEC investigations which involved parallel U.S. DOJ investigations and lots of litigation – and I can’t recall ever seeking to file a motion or any other court document under seal.” Source

Iris Energy buys 248 Nvidia GPUs worth $10M for generative AI & Bitcoin mining

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Nasdaq-listed Iris Energy has bought 248 state of the art Nvidia H100 GPUs for $10 million as it looks to explore opportunities in generative AI in addition to its core business focus on Bitcoin mining. The firm expects to receive delivery of the 248 GPUs in the coming months and plans to deploy the hardware to serve opportunities in cloud computing. Iris Energy co-founder and co-CEO Daniel Roberts said the company was looking to leverage its existing data centers into serving generative AI computing requirements. “We believe demand for sustainable…