An increase in the U.S. Federal Reserve rate is considered bearish for the crypto market, as it constrains the flow of funds into the market, while a rate cut is seen as bullish, as it boosts risk appetite among investors. Goldman Sachs, the second-largest investment bank in the world, has predicted that the United States...Continue Reading

LLM 4.0 from OpenAI answered 85% of the American Board of Psychiatry and Neurology’s questions correctly, implying potentially “significant” future uses for the technology. OpenAI’s latest update of its large language model (LLM), ChatGPT 4.0, has passed a clinical neurology exam with 85% correct answers in a proof-of-concept study. The research authors believe that after...Continue Reading

Immutable deploys Transak’s functionality into its zkEVM gaming development infrastructure, powering in-game cryptocurrency and fiat payment methods. Web3 gaming firm Immutable is set to integrate Transak as the sole payment service provider for its Immutable zero-knowledge Ethereum Virtual Machine (zkEVM). The service is set to directly power fiat and Web3-based payments in gaming environments. Transak’s...Continue Reading

M&G invests $20 million in Global Futures & Options Holding to open up cryptocurrency derivatives trading to traditional financial institutions. The investment arm of UK-based pension fund M&G has invested $20 million in the country’s first regulated Bitcoin (BTC) derivatives exchange, Global Futures & Options Holdings (GFO-X). An announcement from M&G and GFO-X outlined the...Continue Reading

Bitcoin’s sharp price drop from $44,000 has all the makings of a buy-the-dip scenario after leveraged longs get flushed out. Bitcoin (BTC) price finally witnessed a significant 7% pullback on Dec. 11 as multiple indicators flashed sell signals and traders booked profits. Bitcoin’s ability to hold above $42,000 will determine whether this crash is a buy-the-dip...Continue Reading

The Argentine president, inaugurated on Dec. 10, has promised to disband the country’s central bank but hasn’t made any official commitment to introduce Bitcoin-friendly legislation. After libertarian Javier Milei was sworn in as president of Argentina on Dec. 10, the local crypto community is hoping he’ll keep some of his most radical promises and take...Continue Reading

The C1 Secondaries Fund, which invests in companies in the digital assets space, is reportedly seeking to invest in crypto firms at discounts of up to nearly 80%. C1 Secondaries Fund, which has assets worth $500 million, is looking to invest in crypto firms such as Animoca Brands and Chainalysis as crypto markets continue their...Continue Reading

BTC price momentum started in October and helped the world’s top cryptocurrency make significant strides, gaining nearly $10,000 in the past month. The Bitcoin (BTC) price recorded a sharp correction on Dec. 11, dipping 7% and wiping out the gains of the past seven days. The strong price correction pushed BTC to a four-month low of $41,329....Continue Reading

Nvidia CEO said the company has plans to expand its partnership in Vietnam and potentially set up a base to attract local talent in the AI industry. Nvidia, one of the market’s leading developers of artificial intelligence (AI) chips, announced its intentions to expand partnerships in Vietnam and set up a base in the country...Continue Reading

Users who deposit digital assets to exchanges in South Korea will be eligible to receive interest on their deposits. South Korean regulator, the Financial Services Commission (FSC), published a notice highlighting that by July 2024, investors in digital assets must receive interest when depositing their funds into an exchange. However, the guidance clarified that nonfungible...Continue Reading