Wed, May 20

U.S Court Sentences Silk Road Bitcoin Hacker a Year in Prison

According to the New York Department of Justice, U.S. District Judge Paul G. Gardephe sentenced James Zhong to a year in prison after learning about the government’s plans to sell 41,000 seized bitcoin (BTC) this calendar year and the sale of 9,861.1707894 BTC on March 14, 2023. By setting up

April 16, 2023 1 min read

Twitter Rival With Relaxed Filtering ‘Parler’ Acquired and Shut Down

According to a statement released on Friday, the new owners of Parler, a social networking app with lax content filtering that favored conservatives, have decided to shut it down. The app was purchased by Starboard, previously known as Olympic Media, a digital media firm. The removal of Parler from major

April 16, 2023 1 min read

Crypto Firm Amber Moving Out of Japan, Seeks License in Hong Kong

As part of its strategy to shift its emphasis from retail to institutional clients, Bloomberg reports that Singapore’s Amber Group is contemplating selling its Japanese operation.  Annabelle Huang, the managing partner at Amber, said the company is exploring alternatives, including a sale, for its Japan division. A “very high quality

April 16, 2023 1 min read

Indian Finance Minister Emphasizes Need for Unified Crypto Regulation

The government of India has always taken a relaxed approach to draft legislation for the nascent cryptocurrency sector. But this time, India’s Finance Minister Nirmala Sitharaman has emphasized the need for immediate awareness of the problems associated with crypto assets. Indian lawmakers, it has been said, pushed for quick action

April 16, 2023 1 min read

Elon Musk Registers AI-driven Startup Rivaling OpenAI Dubbed ‘X.AI Corp’

Elon Musk, CEO of Twitter, has reportedly filed paperwork with the state of Nevada. In order to establish a new artificial intelligence (AI) corporation under the name X.AI Corp. The latest move in his much-rumored stealth enterprise. According to the filing, Musk is the only listed director of the business.

April 15, 2023 2 mins read

Bitcoin Mining Firm Bitdeer Gets Listed on Nasdaq Post SPAC Deal

Bitdeer, a cryptocurrency miner based in Singapore, is completing a SPAC merger with Blue Safari Group Acquisition Corp. and plans to go public on April 14. The former had announced that it would begin trading on Nasdaq in November of 2021. Due to the challenging conditions brought about by the

April 14, 2023 1 min read

Crypto Market Rallies as U.S PPI Declined 0.5% in March 2023

Following March’s disappointing Consumer Price Index (CPI) statistics, the U.S. Bureau of Labor Statistics revealed Thursday that the PPI for final demand fell 0.5% in March. A 0.1% increase in the PPI was predicted for March, therefore the 0.5% increase was unexpected. Inflation as measured by the PPI in March

April 13, 2023 1 min read

BTC Index Futures and Options Trading Launched by London Stock Exchange

On Thursday, the London Stock Exchange Group (LSEG) announced that beginning this year, it would facilitate trading and settlement for Bitcoin index futures and options derivatives. The London Stock Exchange (LSE) is now offering Bitcoin trading via a partnership with a digital trading platform. According to a report by Reuters

April 13, 2023 1 min read

Major BTC Investor Transfers $330M BTC to Bitfinex

A significant Bitcoin investor has reportedly transferred around $330 million worth of Bitcoin to the cryptocurrency exchange Bitfinex. According to Lookonchain, a blockchain analysis firm, the incident is said to have occurred on Wednesday. A smart whale transferred 11K $BTC ($330M) to #Bitfinex 1 hr ago. The whale received 46,542

April 12, 2023 2 mins read

U.S CPI Data Reveals Less Than Expected Inflation Rate in March at 5%

Compared to February, when prices grew by 0.4%, the CPI increased by 0.1% in March 2023 after seasonal adjustments were made. Inflation statistics for March showed an annual rise in the all-items index of 5.0% before seasonal adjustment. The Consumer Price Index (CPI) for March 2023 had recently been issued

April 12, 2023 1 min read