Mon, June 29

The Bull Market Could Last for the Next Few Months, Says Jim Cramer

Since the beginning of the new year, the global financial market has witnessed a notable bullish momentum. Despite the current uptrend conditions, Jim Cramer, the host of CNBC’s Mad Money and an author, issues a new alert regarding the market upswing. Using charts created by Larry Williams, a well-known market

January 12, 2023 2 mins read

Ava Labs Collaborates With Amazon Web Services

Amazon Web Services (AWS) partners with Avalanche blockchain backed by Ava Labs to improve and expand blockchain adaptability. Both the above-mentioned firms made the announcement about this partnership on Jan 11th, 2023. This partnership is rooted in mutual benefits to “accelerate enterprise, institutional, and government adoption of blockchain”. We’re joining

January 12, 2023 2 mins read

Bitcoin to Touch $18K Amid ‘Minor Negative’ Market Sentiment?

Despite the threat of Bitcoin hitting $18,000 for the first time since mid-December, Coinshares analysis says that there is only “minor negative sentiment” in the crypto markets. Bitcoin Price Chart (Source: CoinMarketCap) Notably, Bitcoin outflows were just $6.5 million, which indicates that sentiment is “remaining negative.”. According to Coinshares’ recent

January 11, 2023 2 mins read

Elon Musk Is Up As The World’s First Billionaire Losing $200B

Elon Musk, the CEO of Tesla Inc. and Twitter, has descended from the no.1 spot to become the world’s second richest person. His tragic loss of over $200 billion in a year gets recorded in the Guinness World Records as “ the largest loss of personal fortune in history.” According

January 11, 2023 2 mins read

Voyager Digital Obtains Preliminary Approval for $1B Binance Deal

Voyager Digital, a bankrupt crypto brokerage company, has obtained preliminary court permission for a proposed $1 billion sale of its assets to the U.S. wing of the Binance exchange. According to a report from Reuters, Michael Wiles, Judge of the United States Bankruptcy Court for the Southern District of New York,

January 11, 2023 2 mins read

Lawsuit Over Terra and Do Kwon Voluntarily Dismissed

According to recent court filings, Albright Capital, an investment firm, voluntarily dismissed its lawsuit against Terraform Labs. In its case, Albright Capital claimed Terraform Labs had promoted the UST, Terra (LUNA), and misleadingly associated Terra cryptocurrencies. Zhu SU About the Dismissal After the Terra collapse in May 2022, Albright Capital

January 11, 2023 1 min read

Former FTX Engineering Chief Seeking Deal With Federal Prosecutors

Sam Bankman Fried’s (SBF) former roommate and confidant is reportedly looking to secure a plea deal. Nishad Singh, the former engineering chief at FTX, reportedly met with federal prosecutors to join Bankman Fried’s inner circle and negotiate a cooperation agreement in the fraud case involving the collapse of the cryptocurrency

January 10, 2023 1 min read

Microsoft Reportedly Planning To Acquire 49% Stake in ChatGPT

Presently, ChatGPT is one of the most talked-about things on the web. The AI programme is being used to provide feedback, draft reports, and create new software. Currently, Semafor claims that Microsoft is in talks to acquire OpenAI, ChatGPT’s parent business. The tech behemoth is prepared to spend more than

January 10, 2023 1 min read

CFTC Files Charges Against the Mango Markets $110M Exploiter

The Commodity Futures Trading Commission (CFTC) filed a civil enforcement action in the United States District Court of Southern District of New York on Monday against the “Mango Markets exploiter” Avraham Eisenberg for indulging in illicit market manipulation. This is the first time CFTC will charge an illegitimate trader with

January 10, 2023 2 mins read

Binance Lost $12 Billion in Assets Due to User Withdrawals

Despite the recovery in the cryptocurrency markets following the demise of the FTX exchange, the situation with Binance withdrawals has not yet normalized. According to a recent report from Forbes, Binance has lost $12 billion in assets as a result of users continuing to withdraw money from the exchange.  Binance,

January 10, 2023 2 mins read