The famed short seller Jim Chanos jabbed at the AI craze Friday after Nvidia’s share price surged.David Orrell/CNBC/NBCU Photo Bank/NBCUniversal/Getty Images Jim Chanos rolled his eyes at a bold...
News
Bitcoin BTC Price and volatility have a tricky relationship.
Bitcoin’s trading range fluctuated between $25,800 and $28,000 over the last week amid increased volatility. The variation was fueled by a prospective debt ceiling agreement, prompting market ra...
Getting rich is ‘surprisingly simple’ if you follow a 3-step strategy, says an expert on self-made wealth
The easiest way to be wealthy is to be born rich. If that’s not an option, the key is to just curb spending, keep working, and invest, invest, invest. More from Fortune: 5 side hustles where you may e...
What’s Going On With Intel Stock Tuesday
Intel Corp (NASDAQ: INTC) stock is up Tuesday in sympathy with Nvidia Corp’s (NASDAQ: NVDA) AI-driven rally. Over the past decade, Nvidia beat Intel to become America’s most valuable semic...
State Farm has stopped insuring Californian homes because of their “catastrophe exposure”
Wind-driven wildfire destroys homes in California State Farm, the largest property insurer in the US, will no longer accept new applications for home insurance in California, citing the risks of apoca...
CRO Price Stays Above $0.06 Level
The bullish rally for Cronos price began at the starting of 2023 as CRO price gained bullish momentum from the low of $0.0548. The rally led to formation of a high at $0.0935 level on February 21. CRO...
Key GOP House Member Floats Holding FBI Director In Contempt Over Biden Probe
Topline House Oversight Committee Chair James Comer (R-Ky.) said Tuesday his committee is “taking steps” to hold FBI Director Christopher Wray in contempt of Congress, arguing the FBI would not provid...
AI demand briefly catapults Nvidia into $1 trillion club
Computer chip manufacturer Nvidia briefly joined the exclusive club of companies with a $1 trillion market capitalization as market demand for artificial intelligence (AI) tech reached a crescendo. Th...
Travel Retailer Store Duty Free to Expand NFT Marketing
Hyundai Department Store Duty Free, a renowned travel retailer based in Seoul, has been trailblazing its way through the NFT marketing landscape. A recent collaborative venture with an innovative digi...
Yield farming app accumulates $12M TVL 2 weeks after launch
A new yield farming app called Origin Ether has accumulated over $12 million in total value locked (TVL) just 14 days after launch, according to data from blockchain analytics platform DefiLlama. TVL ...
Bybit’s Steps Out From Canada Following Binance
50 seconds ago | 2 mins read Exchange News Bybit chooses to quit Canada due to regulatory rules. Other crypto exchanges like Coinbase are surprised by new rules. Following the withdrawal of top crypto...
Tron holds steady, but will TRX do the same?
Tron’s TVL and fee growth underscore the reasons for TRX’s strong performance. TRX sees a resurgence of sell pressure but holders retain some optimism. The crypto market managed to pull off a bullish ...
Price Rises After Apple Deal
2023 has turned out to be one of the best years for Broadcom price. Rising from the low of $550.79 and forming a higher lows, Broadcom has been in an uptrend since the start of 2023. Recently, Avgo pr...
Nansen lays off 30% of its workforce
Blockchain analytics platform Nansen has announced the trimming of its workforce by 30%. On May 30, Nansen CEO Alex Svanevik disclosed on Twitter that the company had to make an “extremely difficult d...
Researchers propose new scheme to help courts test deanonymized blockchain data
A team of researchers from Friedrich-Alexander-Universität Erlangen-Nürnberg recently published a paper detailing methods investigators and courts can use to determine the validity of deanonymized dat...
US CFTC issues letter on digital asset derivatives, clearing compliance in 3 areas
The United States Commodity Futures Trading Commission (CFTC) has issued a staff advisory letter to registered derivatives clearing organizations (DCOs) and DCO applicants, reminding them of the risks...
AI experts sign doc comparing risk of ‘extinction from AI’ to pandemics, nuclear war
Dozens of artificial intelligence (AI) experts, including the CEOs of OpenAI, Google DeepMind and Anthropic, recently signed an open statement published by the Center for AI Safety (CAIS). We just pu...
Crypto exchange Bybit exits Canada, citing ‘recent regulatory development’
Cryptocurrency exchange Bybit has announced it will be pausing its products and services to residents and nationals of Canada following certain developments in the regulatory space. In a May 30 blog p...
Some SBF charges will be dropped if Bahamas objects, U.S. prosecutors say
United States prosecutors will drop some of the charges against former FTX CEO Sam Bankman-Fried if the Bahamas government objects to them, according to a document filed on May 29 in the U.S. District...
New warning signs emerge for China’s property market
Construction on a real estate development project gets underway near the Bund in Shanghai, China, on May 25, 2023. Future Publishing | Future Publishing | Getty Images BEIJING — New data show China...
HedgeUp’s Presale Offer | BIG Set to Launch
As the cryptocurrency market continues to evolve, new projects and developments emerge, attracting attention and sparking excitement among investors. In this article, we will explore three notable dev...
Bitcoin on-chain and options data hint at a decisive move in BTC price
Bitcoin’s volatility has dropped to historically low levels thanks to macroeconomic uncertainty and low market liquidity. However, on-chain and options market data allude to incoming volatility in Jun...
Crypto Revolution in BRICS: India Leads the Way in Bitcoin Adoption
Bitcoin’s adoption in India surged post-2020 RBI ban lift. India’s developing regulatory framework boosts investor confidence in Bitcoin. In an era where disruptive technologies are redefining financi...
US district judge sends matter of FTX independent examiner to appellate court
A United State district judge has referred a motion requesting the appointment of an independent examiner for bankrupt crypto exchange FTX to appellate court. In documents filed in U.S. District Court...
SEC settles case against Wahi brothers for Coinbase insider trading
Former Coinbase product manager Ishan Wahi and his brother Nikhil Wahi have agreed to settle charges of insider trading brought against them by the United States Securities and Exchange Commission (SE...
Binance considers allowing traders to secure collateral at banks: Report
Cryptocurrency exchange Binance is reportedly exploring a potential solution to reduce counterparty risk by allowing some of its institutional clients to keep their trading collateral at a bank instea...
BRICS Bank and Saudi Arabia Negotiating Partnership As Nations Explore Alternatives to US Dollar: Report
Saudi Arabia is reportedly negotiating its entry into the BRICS’ New Development Bank (NDB), potentially making itself the ninth member of the organization. According to a report from The Financial Ti...
Japan’s largest airline launches NFT marketplace
On May 30, All Nippon Airways (ANA), the largest airline in Japan, launched an aeronautical-themed nonfungible tokens (NFTs) marketplace with its subsidiary, ANA Neo. Dubbed the “ANA GranWhale NFT Ma...
Bitcoin’s next rally may be imminent, on-chain analyst says
After a long period of unusually low volatility, Bitcoin’s (BTC) next major price move is likely imminent and could drive BTC to $32,000, according to James Check, lead on-chain analyst at Glassnode. ...
AAVE Price Analysis: Will AAVE Price Gain the Required Support?
1 The AAVE price is currently trading at $67.38 near the demand zone. 2 The AAVE price observed an increase of 2.74% in the last 24 hours. The AAVE price is currently making an attempt to recover its ...
Analyst Known for Calling Bottoms Flips Bullish on Two Low-Cap Altcoins, Says a Lot of Traders Are Sidelined
A crypto strategist who nailed Bitcoin’s (BTC) bear market bottom in 2018 says he has his radar locked on two low-cap altcoins. Pseudonymous crypto analyst Bluntz tells his 223,100 Twitter followers t...
Tether moves into Bitcoin mining in Uruguay
Stablecoin issuer Tether has announced it will be launching Bitcoin mining operations in Uruguay. In a May 30 announcement, Tether said it planned to start a mining arm in the South American nation “i...