Tag: latest updates
Looming Day Zero? Bengaluru Faces its Worst Water Crisis
India’s IT hub, Bengaluru, is grappling with its most severe water shortage in its history. The city, founded by Kempe Gowda nearly 500 years ago, finds itself echoing the water woes of Cape Town in 2018. Over 30 localities are now on a strict alternate-d...
Bitcoin Price Poised for Continued Rise, Analysts Predict
The price of Bitcoin, the world’s leading cryptocurrency, has experienced a remarkable surge in 2019. From its year-opening value of around $3,500, Bitcoin skyrocketed to over $10,000 in just a few months. This dramatic rise has fueled optimism among anal...
Major Nations Forge Pact on AI Governance
In a significant development aimed at mitigating the potential pitfalls of artificial intelligence (AI), the United States, China, and the European Union announced a collaborative effort to establish a framework for global AI governance. This initiative c...
Social Media Giant Seeks Community Cash in Upcoming IPO
Reddit, the popular online forum known for its vibrant communities and user-driven content, is reportedly gearing up for an initial public offering (IPO) later this year. According to Bloomberg, the company intends to sell 22 million shares, aiming to rai...
Dogecoin Eyes Dollar Mark: Speculation Swirls After Analyst Predictions
Dogecoin, the meme-inspired cryptocurrency, could be on the verge of a significant price jump, according to predictions from prominent crypto traders. This news comes amidst ongoing debate about whether Dogecoin’s value is driven more by social media buzz...
Crypto King Soars: Bitcoin Breaks Records, Reaching $71,000
The cryptocurrency market witnessed a surge on Monday as Bitcoin, the world’s leading digital asset, shattered its previous all-time high, reaching a staggering $71,000. This record-breaking feat comes just weeks after Bitcoin surpassed the $69,000 mark,...
Digital Collectibles Etched on Bitcoin Gain Traction
Bitcoin Ordinals, a novel way of inscribing data like images and text directly onto individual satoshis (the smallest unit of Bitcoin), have witnessed a significant surge in popularity in recent months. According to a new report, the total sales volume of...
Ethereum ETF Approval in May Now Seen as Less Likely
Bloomberg analysts have significantly dampened their optimism regarding the approval of a spot Ethereum Exchange-Traded Fund (ETF) by May 2024. According to reports, their forecasts have plummeted from a previous range of 60-70% to a mere 30%, reflecting...
Business Intelligence Firm MicroStrategy Strengthens Bitcoin Holdings
MicroStrategy, the prominent business intelligence company, has significantly bolstered its Bitcoin reserves by acquiring an additional 12,000 Bitcoins. This latest purchase, disclosed on March 10, 2024, cost the company roughly $821.7 million in cash, fu...
LSE Opens Doors to Crypto Exposure Through ETNs
The London Stock Exchange (LSE) announced a significant move towards cryptocurrencies, signaling a potential gateway for institutional investors. Starting from Q2 2024, the exchange will begin accepting listing applications for exchange-traded notes (ETNs...
South Korean Fintech Giant K Bank Considers IPO Amidst Crypto Boom
South Korea’s K Bank, a leading internet-only bank, is reportedly exploring an initial public offering (IPO) following a period of significant growth fueled by its embrace of cryptocurrency operations. This potential move comes against the backdrop of a s...
BlackRock CEO Hails Bitcoin as “Digital Gold,” Potential Inflation Hedge
Larry Fink, CEO of BlackRock, the world’s largest asset manager, has caused a stir in the financial world by publicly endorsing Bitcoin. In a recent interview, Fink referred to the cryptocurrency as “digital gold,” highlighting its potential as a long-ter...
Court Clears Path for Investor Lawsuit Against Binance
In a decision with potentially significant ramifications for the cryptocurrency industry, a court has authorized investors to proceed with a class-action lawsuit against Binance, the world’s largest cryptocurrency exchange. The lawsuit, filed in 2021, acc...
AI Language Models Stumble in Copyright Test
A new study by AI startup Patronus AI raises concerns about copyright infringement by large language models (LLMs). The research focused on how frequently these powerful AI systems could generate content replicating copyrighted material. Patronus evaluate...
FBI Reports Cryptocurrency Fraud Surge Despite Global Downturn
The Federal Bureau of Investigation (FBI) has revealed a significant rise in cryptocurrency investment fraud in 2023. According to their report, victims lost a staggering $3.94 billion to such scams, representing a 53% increase compared to the previous ye...