CryptoX – Cryptocurrency Analysis and News Portal The firm plans to use the funding to grow internationally and develop the company’s financial engineering platform. Original Source The post Steve Cohen’s Point72 Ventures Leads $15M Fundraising in Swiss Fintech GenTwo appeared first on CryptoX. CryptoX Portal
Through the integration, ChatGPT Plus users can use Canva’s pre-existing wide range of templates to customize their requirements. The high demand for fast and seamless artificial intelligence (AI) services has pushed OpenAI to develop infrastructure to help onboard mainstream users around the world. In the latest developments, OpenAI has integrated with Canva Plugin to enable ChatGPT Plus users to create logos and banners, among many other visual products. Notably, ChatGPT users are expected to activate the Canva plugin by first downloading it from the plug-in store and installing it for…
Shiba Inu (SHIB) has recently been on the radar of cryptocurrency enthusiasts as data suggests a potential comeback for this meme-inspired digital asset. The SHIB community had reason to celebrate with the successful relaunch of the Shibarium Layer 2 solution, akin to a tech company unveiling a highly anticipated software update. This event not only breathed new life into the ecosystem but also injected a sense of optimism among SHIB holders. The Shibarium relaunch has elevated SHIB beyond its meme coin status, adding a layer of credibility and utility. SHIB…
One of the largest South Korean banks, KEB Hana Bank, is moving to offer digital asset custody services through a new partnership with major cryptocurrency custody firm BitGo Trust Company. KEB Hana Bank has signed a strategic business agreement with BitGo to jointly establish digital asset custody in South Korea, local news agency Yonhap reported. The commercial bank has a network of 111 branches with local banking assets of nearly $10 billion and equity of $490 million. Hana Bank representatives reportedly announced the news on Sept. 5 at the cryptocurrency…
During the past 9 weeks, Solana recorded a total inflow of about $0.7 million while all digital asset investment products saw an outflow of about $342 million in the past seven weeks. One of the leading smart contract blockchains and DeFi ecosystems with over $305 million in total value locked (TVL), Solana (SOL), has been a favorite among most investors. According to a weekly report on digital asset fund flows by CoinShares, Solana was the only top coin to record inflows in the past weeks. Precisely, the report highlighted that…
In a congratulatory message to the 2023 China International Intelligent Industry Expo, Chinese President Xi Jinping emphasized the profound changes that emerging technologies like the internet, big data, cloud computing, artificial intelligence (AI), and blockchain are bringing to global industries and lifestyles. Accelerating Digital Transformation According to a report from ChainCatcher, Xi Jinping’s message highlighted that these technologies are accelerating the digital, intelligent, and green transformation of industries. “The intelligent industry and digital economy are thriving, significantly altering the global allocation of resources, industrial development models, and people’s lifestyles,” Xi…
The principal financial regulator of Japan, the Financial Services Agency (FSA), has decided to take crypto regulation into its own hands and has proposed to change the tax code in regard to digital assets. The request was submitted by the FSA on Aug. 31. The most notable suggestion in the 16-page document is a bid to free domestic firms from the end-of-the-year “unrealized gains” tax on crypto. In some national legislations, the legal entities have to pay taxes only after the crypto assets are sold to fiat, but in Japan,…
“All the while, this, coupled with the political hostility of austerity, increases deficits, leading the U.S. Treasury to issue more bonds. The resulting interest payments to the wealthy stimulate spending and nominal GDP growth, creating a paradox where the Fed’s rate hikes inadvertently fuel economic growth,” Hayes said. Source
“At the end of August, bitcoin confirmed an overbought downturn in its monthly stochastics in a setback,” Katie Stockton, Fairlead Strategies’ founder and managing partner, said in a note to clients on Monday. “The downturn suggests the basing process may be drawn out, especially given the overhang of the monthly cloud model, which enhances resistance (~$31.9K) from the weekly cloud model.” Source
The FSB, a global standard setter, and the global economic agency IMF are presenting the paper at this weekend’s G20 Summit. The paper includes a roadmap on the implementation of policy frameworks for crypto including global coordination, cooperation and information sharing. Source