News
Elon Musk introduces Twitter monetization avenues for content creators
The latest user-centric revamp is targeted at improving follower engagement and creating new revenue streams on the social media platform. Adding to the growing list of radical implementations to improve Twitter’s bottom line and promote citizen journalism, Tesla CEO...
AI tool created by JPMorgan analyzes Fed speeches to signal trades
The investment bank uses OpenAI's ChatGPT to sniff out trading signals from Federal Reserve policy statements. Investment banking giant JPMorgan has reportedly unveiled an artificial intelligence (AI) tool to analyze Federal Reserve statements and speeches to detect...
Circle CEO warns of active and accelerating de-dollarization
The U.S. must capitalize on the “high demand” for digitally native U.S. dollars, particularly from those in emerging economies with weak local banking systems, the Circle CEO said. The United States must implement stablecoin legislation and digitize the U.S. dollar...
Bitcoin price jumps in the wake of First Republic Bank crash
The price of Bitcoin has bounced upwards as First Republic Bank deposit slump sparks fresh banking crisis fears in the United States. The price of Bitcoin (BTC) spiked more than 3% in the last 24 hours as fears were sparked of another possible imminent bank failure as...
France mulls fast-tracking registered crypto firms to new EU rules
France's financial regulator is weighing up “fast track” options for registered firms so they can be compliant with MiCA rules as soon as possible. A “fast track” option for licensed crypto firms in France to get regulated under the upcoming Markets in Crypto-Assets...
Bank of Korea given right to investigate local crypto firms: Report
The South Korean central bank will be able to access crypto transaction data from exchanges operating in the country. The central bank of South Korea has been given the green light to ramp up its scrutiny of cryptocurrency service operators and issuers amid further...
China and Singapore team up to scale green and transition financing
China and Singapore will collaborate “on concrete initiatives that will catalyze capital flows to support a credible and inclusive transition to a low carbon future for our countries and the region.” Major Asian economies, China and Singapore, have set up a task force...
VC funding into Web3 start-ups down 82% year-over-year: Crunchbase
Crunchbase noted that while it has been a bearish start for Web3 start-up funding in 2023, “venture funding is down in almost every sector.” According to data from Crunchbase, venture capital (VC) funding into Web3 start-ups tanked 82% year-over-year (YoY), declining...
SEC’s ‘brute force’ crypto regulation attempt is ‘bad policy’ — Paradigm
The venture capital firm pointed out the fundamental differences between crypto assets and securities. Criticisms of the United States Securities and Exchange Commission (SEC) are mounting as the agency remains unrelenting in its war on crypto.On April 21, Web3...
Multiple Silvergate lawsuits over alleged FTX ties combined by judge
Plaintiffs seeking damages from Silvergate’s collapse have joined forces with their respective lawsuits. A California judge has combined three investor lawsuits against defunct crypto bank Silvergate Bank involving the bankrupt crypto exchange FTX.On April 19, United...