Artificial intelligence tool ChatGPT seems to have taken sides in the long-running debate over the respective value of gold over Bitcoin as a good investment. Financial commentator Peter Schiff praised the leading generative text engine for reportedly favoring gold. “AI is indeed quite intelligent,” he tweeted on Wednesday. “It does not recommend any allocation to […]
US policymakers continue to maintain a hawkish stance. The Federal Reserve has been raising interest rates month after month. Despite being in the midst of a banking crisis, the FED raised rates by 25 basis points last month. This brought the policy benchmark to the target range of 4.75% to 5%. One central bank official […]
The price of the Dogecoin crypto token shot up after Elon Musk replaced Twitter’s traditional bird icon with an image of a Shiba Inu. Quoting coinmarketcap.com, Tuesday (4/4), the Dogecoin price jumped 25.24 percent in the last 24 to $0.09702. Musk, who also serves as Twitter’s CEO, tweeted “as promised” over an image of an […]
A survey conducted by Independent Reserve recently revealed that around 43 percent of 1,500 Singaporean respondents own crypto assets. In the survey, almost half of Singaporeans own two or more digital assets, with portfolio diversification being the main reason behind the investment. In comparison, last year’s research estimated the figure to be around 40 percent, […]
Mainnet Shapella Announcement Withdrawals are coming! The Shapella network upgrade will activate on the Ethereum network at epoch 194048, scheduled for 22:27:35 UTC on Apr. 12, 2023 Stakers & node operators should read this post as well as the Withdrawals FAQ From now until April 5th, the Ethereum Bug Bounty rewards have been doubled for Shapella vulnerabilities You can […]
Cryptocurrency company Tether expects to make a $700 million profit in the March quarter, bringing its total reserves to more than $1 billion, the company’s chief technology officer told CNBC, revealing the latest figures for the first time. Tether issues the stablecoin USDTwhich is pegged one-to-one to the US dollar. USDT is backed by real-world […]
EOS Network Ventures has committed to invest $20 million in capital to develop gaming applications and products on the EOS network following the launch of the Ethereum Virtual Machine (EVM) in April. “With $20 million reserved for the EVM project, we expect an influx of many developers looking to capitalize on the funding opportunity,” La […]
The banking crisis hit the United States (US) last week. The crisis started with one of the banks, namely Silicon Valley Bank (SVB), which made a lot of people excited on Friday last week. The crisis from SVB also affected major US banks such as Signature Bank, Silvergate Bank, and most recently, First Republic Bank. […]
Arbitrum foundation announced the date for the $ARB token airdrop & DAO governance and 12.75% of community allocation to be distributed on March 23. ARB holders will vote on decisions governing Arbitrum One & Nova networks. Community Power with $ARB Arbitrum announced to launch of its much-awaited DAO governance and its native $ARB token on […]
A stable U.S. banking system where deposits are safe and accessible is essential to the global financial system and to the operations of every fiat-backed stablecoin. That was recognized by the U.S. government’s actions on Sunday, March 12, when the U.S. Treasury, Federal Reserve and the FDIC together stepped in to ensure that ordinary depositors […]