Tag: News

FTX considers reboot, Ethereum’s fork goes live and OpenAI news

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Top Stories This Week Ethereum’s Shapella hard fork executed on mainnet The Ethereum blockchain’s mainnet, also referred to as the Beacon Chain, implemented the Shapella hard fork on April 12. The upgrade made fund withdrawals possible for those who have staked the network’s Ether (ETH) asset. Within the first hour of the hard fork, a total of 12,859 Ether were unlocked in 4,333 withdrawals, according to Ethereum block explorer beaconchai.in. Nearly a day after the upgrade, ETH surpassed the $2,000 price point. FTX has recovered $7.3B in assets, will consider…

Economist Paul Krugman Criticizes Florida Gov. Ron DeSantis’ Opposition to Central Bank Digital Currency – Bitcoin News

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Economist Paul Krugman questioned why Republican Florida governor Ron DeSantis opposes a central bank digital currency (CBDC) in a recent opinion editorial. Krugman suggested that DeSantis may be motivated by “general paranoia.” He speculated that DeSantis may be influenced by individuals who fear a digital currency could hinder “un-woke activities such as tax evasion and money laundering.” Referring to CBDCs as ‘Woke’ Money, Krugman Attacks ‘Monetary Conspiracy Theory Types’ Economist Paul Krugman, who follows the Keynesian school of economics, wrote an opinion article criticizing Florida governor Ron DeSantis’s opposition to…

Blackrock CEO Expects Inflation to Persist, but No Major US Recession in 2023 – Economics Bitcoin News

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Blackrock’s CEO, Larry Fink, stated in an interview on Friday that he does not anticipate a “big recession” in the United States. However, he believes that “inflation is going to be stickier for longer.” In contrast to the U.S. central bank’s 2% goal, Fink predicts that “we’re going to have a 4ish floor in inflation.” Blackrock Clients Reduce Risk in Portfolios as Inflation Concerns Persist Larry Fink, chairman and CEO of Blackrock (NYSE: BLK), the asset manager with more than $9 trillion in assets under management (AUM), predicts that inflation…

Musk Mulls AI Startup to Rival Chatgpt Maker Openai, Report – Technology Bitcoin News

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Entrepreneur Elon Musk is preparing to launch a startup that will compete with Openai, the creator of Chatgpt, a media report unveiled. According to quoted knowledgeable sources, the owner of Twitter and Tesla is already assembling a team of developers and talking to investors. Elon Musk Reportedly Working to Establish Openai Rival, Registers X.AI Corp Tech investor Elon Musk is putting effort into founding a startup that will rival the company behind the Chatgpt artificial intelligence (AI) assistant, Openai, the Financial Times revealed on Friday, citing people familiar with the…

Liquid Staking Protocols See Increase in Monthly ETH Deposits Despite Withdrawals Post-Shapella Hard Fork – Defi Bitcoin News

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Following the Shapella hard fork on April 12, 2023, approximately 332,368 ether, valued at around $699 million, has been withdrawn. Despite these withdrawals, liquid staking protocols like Lido, Rocketpool, and others have experienced an increase in ether deposits over the last 30 days. Since March 14, a total of 281,498 ether worth $592 million have been added to these protocols. TVL in Staked Ether Accounts for Over 30% of Defi’s Locked Value, With Lido Leading the Pack As of April 15, 2023, there’s $53.68 billion total value locked (TVL) across…

ADA Price Climbs for Ninth Consecutive Day – Market Updates Bitcoin News

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Cardano rose to a fresh multi-month high on Saturday, as the token surged for a ninth consecutive session. The price is now up by over 15% in that time, cementing its place as the world’s seventh-largest cryptocurrency. Avalanche is also trading higher, hitting a two-month high in the process. Cardano (ADA) Cardano (ADA) once again extended a recent bull run, with the token climbing for a ninth straight day. Following a low of $0.4274 during Friday’s session, ADA/USD rose by as much as 5% today, hitting a peak of $0.4581…

ETH Remains Above $2,100 to Start the Weekend  – Market Updates Bitcoin News

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Ethereum remained above $2,100 to start the weekend, despite crypto markets moving into consolidation. Following this week’s gains, traders have seemingly started to secure gains, with the global market cap down by 0.52% as of writing this. Bitcoin has fallen below yesterday’s peak above $31,000. Bitcoin Bitcoin (BTC) moved back below the $31,000 level on Saturday, as cryptocurrency markets consolidated to start the weekend. Following a high of $31,005.61 on Friday, BTC/USD dropped to a low of $30,044.50 earlier in today’s session. Yesterday’s peak saw bitcoin climb to its highest…

Chia Network Files for IPO With the SEC, Eyes Public Listing – Bitcoin News

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On Friday, Chia Network Inc. announced that it had submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), requesting an initial public offering (IPO). The blockchain network company, founded by Bittorrent creator Bram Cohen, will initiate the IPO after the U.S. securities regulator approves the filing. Bittorrent Creator’s Chia Aims for an IPO Bram Cohen’s Chia network intends to go public and took a step in that direction on Friday, April 14, 2023, when the firm submitted a Form S-1 filing with the…

Zebedee Partnership With Bitnob Sees African Gamers Rewarded With BTC – Bitcoin News

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African users of the bitcoin gaming and payments app Zebedee will now be rewarded in the form of satoshis when they play games or when they listen to podcasts. In addition to being able to convert their rewards into local currencies, African users of the Zebedee app can use it to make cross-border payments. Converting Satoshis to Local Currencies Zebedee, a crypto gaming and payments app, has said its partnership arrangement with the crypto on and off-ramp platform Bitnob will see African users getting rewarded with satoshis each time they…

Brazil and China Deepen Trade Integration to Move Away From US Dollar, as First Yuan-Based Settlement Is Processed – Economics Bitcoin News

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Brazil and China have reached a milestone in their economic integration, as the first bilateral settlement in Chinese yuan was completed ahead of the visit of President Luis Inacio “Lula” da Silva to China. The settlement, which was processed by the Industrial and Commercial Bank of China (ICBC) paves the way for cheaper and simpler payments between the countries, according to analysts. Brazil and China Move to Settle Trades Using the Chinese Yuan Brazil and China have moved towards a tighter trade integration, having processed their first bilateral settlement using…