Day: September 20, 2023

Bitcoin Maintains Price Above $27,000 as Predictions from Stakeholders Come In Bullish and Bearish

The price of Bitcoin is still above $27k as investors and stakeholders await monetary policy announcements from regulators worldwide. The price of Bitcoin stayed above $27,000 on Wednesday as most of the largest cryptocurrencies remained barely changed for the most part. The crypto market is likely reacting to investors holding out for official monetary policy announcements from central banks around the world. Earlier, BTC was unable to scale its 50-day moving average as it met with stiff resistance at $27,400. However, data from CoinMarketCap put the king coin at about…

Grayscale Files for New Ether Futures ETF Following Recent Legal Victory

Grayscale’s decision to file for an Ether futures ETF comes on the heels of a significant legal victory against the US Securities and Exchange Commission (SEC). Renowned crypto asset manager Grayscale Investments recently filed for a new Exchange-Traded Fund (ETF) that will track Ethereum (ETH) futures, as reported by the Wall Street Journal. Grayscale’s Unique Approach In its previous attempt to launch a crypto ETF, Grayscale filed under the Investment Company Act of 1940. This filing, while a significant step forward for the industry, faced regulatory hurdles and delays, a…

Justin Sun’s High-Yield Project Is Set to Eclipse Huobi Global

More than the risks to its financial reserves, and all the news about withdrawals, there is yet another reason that currently ticks off investors about Huobi. In June, Justin Sun floated a brainchild project that was targeted at crypto investors who had a knack for very high yields. Per his pitch, the project promised returns of 5% on low-risk securities like government bonds. Although there were always high expectations for the project, it may have already surpassed all. Barely two and a half months on, investments in its product —…

Former Deutsche Bank Investment Banker Pleads Guilty to Crypto Fraud 

According to the DOJ, Russell defrauded at least 29 investors from the scheme of around $1.5 million. The United States Department of Justice (DOJ) has announced that Rashawn Russell, a former Deutsche Bank investment banker and registered broker, has confessed to participating in a fraudulent crypto scheme called the ‘R3 Crypto Fund’. According to the September 19 announcement, the 27-year-old financier pleaded guilty to the crime before Judge Sanket J. Bulsara at a federal court in Brooklyn. He also pleaded guilty to another crime, an identity theft scheme where he…

CoinEX to resume service with new wallet system following $70M hack

boss

Cryptocurrency exchange CoinEx is set to resume deposit and withdrawals for its users more than a week after it suffered a $70 million hack due to compromised hot wallet private keys. In previous correspondence with Cointelegraph, the exchange outlined its priority to build and deploy a new wallet system to facilitate activities for the 211 blockchains and 737 tokens that it served before the hacking incident. The latest statement from the exchange announces the resumption of deposit and withdrawal services of BTC, ETH, USDT, USDC and other tokens from Sept. 21.…

Meta refutes claims of copyright infringement in AI training

boss

Meta has refuted claims that its artificial intelligence (AI) model Llama was trained using copyrighted material from popular books. In court on Sept. 18 Meta asked a San Francisco federal judge to dismiss claims made by author Sarah Silverman and a host of other authors who have said it violated copyrights of their books in order to train its AI system. The Facebook and Instagram parent company called the use of materials to train its systems “transformative” and of “fair use.” “Use of texts to train LLaMA to statistically model…

Arbitrum Platform Helps Liquidity Providers Earn Money When Prices Fall

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

Google Loses Map Traffic on iPhones Due to Apple Map Switch

Traffic on Google Maps has dropped by 40% over the last two years with the introduction of the Apple Switch as the likely reason behind this. Two years following Apple Inc‘s decision to replace Google Maps with its own app as the default service on iPhones, Google managed to recover only 40 percent of its previous mobile traffic on its mapping service. A Google executive disclosed these details during the antitrust trial involving Alphabet Inc. Michael Roszak, Google’s Vice President for Finance, stated on Tuesday that the company viewed the…