Month: September 2023

Is Binance in trouble? – CryptoX

Amidst regulatory confrontations and high-profile exits, Binance finds itself at a crossroads. We look into what is happening with Binance to find out if the exchange can hold its ground. The cryptocurrency giant Binance finds itself sailing through stormy waters, grappling with a series of challenges that threaten to shake its formidable standing in the global crypto market.  From escalating legal strains with the US Securities and Exchange Commission (SEC) to an alarming exodus of key personnel amidst increasing scrutiny, the platform seems to be at a critical juncture.  Moreover,…

Instacart Boosts IPO Price Range amid Arm’s Stellar Debut

The performance of Instacart IPO will provide valuable insights into the appetite for tech-driven companies and the willingness of investors to pay a premium for companies operating in sectors with significant growth potential. Popular grocery delivery app, Instacart has recently made waves in the financial world by announcing its intention to raise the proposed price range for its upcoming Initial Public Offering (IPO). This strategic move comes hot on the heels of a highly successful IPO by Arm Holdings, signaling the robust investor demand for tech-driven companies. Instacart Revises IPO…

Analyst Unveils New Long Positions For BTC

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In a recent YouTube interview with TechnicalRoundup, crypto Analyst DonAlt revealed he had purchased Bitcoin after the asset fell below the $25,000 level. According to the analyst also predicted the crypto market bottom in 2022, he had two choices before opening the new BTC position DonAlt Shares Insights On Bitcoin’s Next Price Moves Explaining the reasoning behind his decision to purchase Bitcoin, DonAlt told TechnicalRoundup: We’re at the point where you could make an argument for buying here [around $26,000]. And if you’re wrong, you get stopped out, and you…

Japan to allow start-ups to raise funds by issuing crypto instead of stocks: Report

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The Japanese government reportedly plans to permit start-ups to raise public funds through the issuance of crypto, assets, such as currencies, instead of stocks, local media has reported.  According to Japanese financial news site Nikkei.com, this updated system is specifically applicable to a category of funds known as Investment Business Limited Partnerships (LPS). So far, Japan has lagged behind the rest of the world on embracing digital assets. However, this has been changing in recent months. Japan’s primary financial regulatory authority, the Financial Services Agency (FSA), made a significant move…

Bitcoin miner returns to Paxos $500k in mistakenly paid fees

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A Bitcoin miner who mistakenly received the 19.8 BTC in fees returned the funds to the New York-based regulated blockchain, Paxos. On Sept. 10, a BTC transaction that moved only nearly $2,000 had a payment fee of $500,000. Later, on Sept. 13, it was revealed that Paxos made the transaction. The company explained to crypto.news that it was due to an internal server mistake. Paxos added that the funds were safe and belonged to the team. On Sept. 15, the F2Pool that received the fee have sent the 19.82108632 BTC…

JPEX hikes withdrawal fee to almost $1k after Hong Kong watchdog warning

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Crypto exchange JPEX has reportedly increased its withdrawal fee to up to 999 Tether (USDT) after receiving a warning from Hong Kong’s Securities and Futures Commission (SFC). The staff of the exchange has also been reportedly missing from its Token 2049 booth in Singapore.  On Sept. 13, the SFC, Hong Kong’s crypto watchdog, issued a warning against JPEX for actively promoting its services to the Hong Kong public despite not being licensed or applying for a license to operate in their jurisdiction. According to the SFC, JPEX has marketed itself on…

5 AI trends to look forward to in 2023 and beyond

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The artificial intelligence (AI) market has been growing at an exponential pace over the last couple of years, thanks in large part to consumer-ready products such as ChatGPT, Google Bard and IBM Watson that are now being used commonly across the globe.  To this point, global management consulting firm McKinsey believes that anywhere between 50% and 60% of all organizations today are already making use of AI-centric tools, with this number expected to grow sharply in the near future. Moreover, as per Forbes, AI is one of the fastest-growing industries…

AI music sending traditional industry into ‘panic,’ says new AI music platform CEO

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Artificial intelligence (AI) has been making waves in various industries across the globe. However, the conflict between its usefulness and its ability to infringe on intellectual property (IP) has been a particular struggle in the creative industries. Major players in the music industry, from artists and record labels to institutions like the Grammys and YouTube, have all had to factor in AI in some form. As traditional spaces in the music industry deal with technology, new platforms are popping up that embrace the technology from the start are popping up.…