Crypto Biz: Crypto fever hits wealth managers

September 13, 2024
The Last Cryptocurency
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Cointelegraph Feed

This week’s Crypto Biz explores the launch of new crypto ETFs, CleanSpark’s acquisition of new mining sites, another round of conflict between Bitfarms and Riot, and more.

There is no doubt that cryptocurrency — specifically Bitcoin (BTC), which is frequently used as a barometer for the health of the entire sector — has made a comeback. As of the writing of this article, Bitcoin stands at a little over $9,000, very close to the $10,000 rebound that investors hoped for sometime this…

Post-Christmas miracle as Bitcoin ETFs clinch inflow after 4-day bleed

US spot Bitcoin ETFs notched a positive net inflow after four trading days that bled over $1.5 billion.

Elon Musk launches AI chatbot ‘Grok’ — says it can outperform ChatGPT

Grok costs $16 per month on X Premium Plus. But for now it is only offered to a limited number of users in the United States. 3986 Total views 10 Total shares Elon Musk and his artificial intelligence startup xAI have released “Grok” — an AI chatbot which can supposedly outperform OpenAI’s first iteration of

Fungible Tokens Turn Monopoly Money Into Cryptocurrency

If you had bought a house in San Francisco at the start of the millennium, you’d be rich now. The median price of a house then was $420,000. Now, a house in the city fetches a median price of about $1.3 million. That’s almost a million dollars in profit over twenty years, and you missed…

Twitter Hackers Try to Launder Funds Via P2P and Gambling Platforms

The hackers behind the massive Bitcoin ‘giveaway’ scam that hit Twitter are moving funds to gambling and P2P trading platforms. Blockchain forensics firm Ciphertrace has traced funds obtained by the Twitter hackers in the ‘giveaway’ scam to peer-to-peer (P2P) exchanges and crypto gambling sites.On July 21, Ciphertrace reported that 0.2 Bitcoin (BTC) had been transferred…

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Chainlink CCIP now live on ZKsync, boosting cross-chain interoperability

Chainlink’s CCIP goes live on ZKsync, empowers developers to create cross-chain DApps, and fosters greater interoperability.

Solana price recovers from sharp sell-off, is $300 SOL possible?

Solana’s onchain and derivatives data suggest that SOL could make a run back toward its all-time high in the short term.

Catalytic event or unbridled optimism? Coinbase approaches public listing

The Coinbase direct stock listing could be a rite of passage for the blockchain and cryptocurrency industry, and the announcement on March 20 by the United States Commodity Futures Trading Commission of a $6.5-million fine against Coinbase for “wash trading” and filing misleading information probably won’t do more than postpone by a few weeks the…

Starbucks and McDonald’s Rumored to Be Testing China’s Digital Currency

Rumors are surfacing of an upcoming real-world test of the proposed Chinese digital yuan currency. According to Chinese publication Interchain Pulse, a promotion conference was held on April 22 in the city of Xiong’an, located close to Beijing.Government agencies, digital currency developers and merchants participating in the upcoming pilot were invited.The initiative is part of…

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