Sam Bankman-Fried and his team continue to defend themselves. SBF’s X account published a lengthy document on Thursday claiming the exchange was not actually insolvent. FTT has decoupled somewhat from the broader decline, rising about 2%. An X account currently controlled by a friend of Sam Bankman-Fried stirred the cryptocurrency market with a post asserting … Read more
OpenAI, a leader in artificial intelligence (AI) development, has received a $1.5 billion investment from SoftBank, renewing interest in AI-driven cryptocurrencies. At the same time, a new player has emerged in the AI-crypto space: iDEGEN, a community-powered AI project. With dynamic pricing and decentralized control, iDEGEN promises to reshape how AI engages with the crypto … Read more
Key takeaways ETH is trading above $3,300 after briefly falling to the $3,000 support level. The leading altcoin could recover toward $3,600 if market sentiment improves. Ether slips to $3,000 then recovers above $3,300 Cryptocurrencies have started the month on a weak note, with many losing 10% or more in recent days. Ether, the largest … Read more
After many years of restrictions, Russia is deregulating cryptocurrency and joining the global crypto industry Russian President Vladimir Putin recently proposed legislation to permit cryptocurrency trading. He indicated the measure could take effect in January 2021. The new framework still prohibits using cryptocurrency to pay for goods and services within Russia, but it creates a … Read more
After Binance announced two days ago that it would support the Crypto Savannah project—creating jobs and providing financial access for people in Uganda—the company’s outreach continues. Binance’s CEO said he sees Togo as another investment opportunity for job creation and future cooperation. Binance CEO Changpeng Zhao spent recent days on a trip through Africa, forging … Read more
After the Turkish lira lost up to 60% of its value against the US dollar last year, many people in Turkey are turning to cryptocurrency to exchange their lira and protect their savings. Turkish lira becomes more volatile The Turkish lira recovered about 20% against the dollar in December after inflation reached roughly 36%. Shortly … Read more
Chancer has raised nearly $1.6 million during its presale. Interest in prediction-market crypto projects remains strong despite the recent crypto sell-off. Is the current crypto market environment a good time to invest? Many experts say the correction presents another chance to buy at lower prices. That outlook could also apply to promising new projects — … Read more
Hyperliquid (HYPE) trades above $44 after hitting a new all-time high A rally of more than 11% in the last 24 hours keeps bulls in control as open interest also reaches a fresh ATH Technical indicators suggest a breakout above $50 is possible, but can the bull run reach $100 in the coming days? Hyperliquid … Read more
Bitcoin price reaches a record $113,923, driving altcoins higher Exchange reserves continue to decline despite BTC’s new peak Investors’ reluctance to sell, even as prices surge, signals strong confidence in Bitcoin’s future performance Bitcoin (BTC) surged to a new all-time high of $113,923, sparking renewed bullish momentum across the broader cryptocurrency market. Despite BTC’s sharp … Read more
Digital Chamber of Commerce CEO Perianne Boring told CNBC yesterday that correlation models place Bitcoin’s intrinsic value between $50,000 and $100,000 Perianne Boring, founder and president of the Digital Chamber of Commerce, is the latest prominent voice arguing that Bitcoin remains undervalued despite ongoing cryptocurrency market volatility. In an interview on CNBC’s Squawk Box on … Read more