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IBM Dedicates $500M to Advance Generative AI via New Venture Fund
November 8, 2023
IBM has propelled a $500 million venture fund intense on driving enterprise AI. The fund, structured to stimulate innovation and produce returns by investing in startups that speed up generative …
Read moreMajor Crypto Developments: Coinbase Ends Bitcoin SV Support, BUSD Supply Dips Below $2B
November 8, 2023
The notable cryptocurrency exchange, Coinbase, completely terminated support for Bitcoin SV (BSV), following its earlier decision to de-list BSV in 2021. Meanwhille, Binance's Binance USD(BUSD) saw a significant dip in …
Read moreTokenization Heralds Potential While Crypto Continues to Pose Risks, says Acting OCC Chief
November 7, 2023
While expressing general skepticism over the cryptocurrency industry, Michael Hsu, the Acting Chief of the U.S. Office of the Comptroller of the Currency (OCC), touched upon the noteworthy potential of …
Read moreAltcoins XRP, Cardano, and Solana Outperform Crypto Market
November 7, 2023
Despite the overall crypto market downturn from the 2021 and 2022 bull battles, several altcoins are successfully staying afloat. Leading the pack are XRP, Cardano (ADA), and Solana (SOL), all …
Read moreWeb3 Technology and Fiat On-Ramps Revolutionize Traditional Sectors
November 7, 2023
The rising influence of Web3 technology in transforming traditional sectors was explored at the Newconomics 2023 event and the European Blockchain Convention. At these events, the potential of the Web3 …
Read moreAva Labs Reduces 12% of its Workforce to Reinforce Resource Allocation
November 7, 2023
Ava Labs, the blockchain company behind Avalanche, recently announced a significant workforce reduction. The company's CEO, Emin Gün Sirer, declared a 12% layoff, citing the need to "reallocate resources to …
Read moreCoinbase Recruits Four National Security Specialists for Global Advisory Council
November 7, 2023
Cryptocurrency exchange, Coinbase has enhanced its Global Advisory Council with the addition of four prominent national security experts. Notably, the new council members include former U.S. Secretary of Defence Dr. …
Read moreRise in Bitcoin Open Interest Indicates Increased Market Activity
November 7, 2023
The total value of open Bitcoin futures contracts, also known as Open Interest (OI), has seen a significant surge, indicating a rise in market activity. Currently, OI in Bitcoin amounts …
Read moreKazakhstan Blocks Coinbase Access Due to Digital Assets Law Violation
November 7, 2023
State authorities in Kazakhstan have obstacled Coinbase from operating in the country by blocking website access. This move is aligned with the nation's Law on Digital Assets, established in February …
Read moreInvestment Firms Eye Relaunch of Bankrupt FTX
November 7, 2023
Proof Group, an integral part of the Fahrenheit consortium that previously acquired the bankrupt Celsius Network, is reportedly considering a potential re-establishment of FTX, the troubled exchange. The Silicon Valley-based …
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