News

Cryptocurrency exchange Bybit has introduced an innovative AI-powered crypto trading assistant named ‘TradeGPT,’ designed to provide valuable market insights and data-driven answers to users. Based in Dubai, Bybit has harnessed artificial intelligence (AI) to create a language-based trading tool that leverages ChatGPT’s expansive language model and Bybit’s in-house ToolsGPT to offer real-time market analysis and

OKX, the digital asset exchange, is on the verge of securing a Virtual Asset Service Provider License (VASP) in Hong Kong, marking a significant milestone in the thriving cryptocurrency landscape of the region. The year 2023 has witnessed a pro-crypto stance from Hong Kong authorities, leading numerous firms to pursue licenses for various crypto trading

The CEO of Binance, Changpeng Zhao, has offered his vision of the future of the cryptocurrency space, emphasizing the importance of decentralization. CZ predicts that decentralized finance (DeFi) has the potential to surpass centralized finance (CeFi) during the upcoming bull market. Zhao stated his confidence regarding the growth of DeFi during a live X Spaces

In the ever-evolving world of cryptocurrency, recent developments surrounding Ripple’s XRP token have caught the attention of enthusiasts and investors alike. The crypto tracking platform Whale Alert reported a significant transfer of 66,666,659 XRP, valued at approximately $33,065,809, from Binance to an undisclosed wallet. This noteworthy movement has sparked speculation within the crypto community regarding

In a dynamic week of NFT-related news and exciting developments in the virtual space, Adidas has stepped into the spotlight with the launch of its Web3-based digital artist residency program, known as the Triple Stripes Studio. This program aims to shine a spotlight on emerging talents within the nonfungible token (NFT) space and provide a

The United States Securities and Exchange Commission (SEC) has been delaying decisions on multiple spot Bitcoin exchange-traded funds (ETFs), but former SEC chair Jay Clayton remains optimistic that approval is on the horizon. In an interview with CNBC on September 1, Clayton expressed his belief that approval for spot Bitcoin investment vehicles is inevitable. He

Iris Energy, a Nasdaq-listed company, has invested $10 million in acquiring 248 cutting-edge Nvidia H100 GPUs. This strategic move signifies Iris Energy’s intention to expand its horizons beyond its core focus on Bitcoin mining and delve into the realm of generative artificial intelligence (AI). The company is eagerly anticipating the delivery of these 248 GPUs

Indian cryptocurrency exchanges CoinSwitch and CoinDCX have recently taken steps to trim their workforce in response to extended bear market conditions and the imposition of a 1% tax deducted at source (TDS) on local crypto exchanges. CoinSwitch, one of India’s prominent crypto trading platforms, recently downsized its staff, reportedly letting go of 44 employees from

Amid escalating sanctions from multiple countries, Binance, one of the world’s leading cryptocurrency exchanges, is reportedly contemplating a potential withdrawal of its services from the Russian market. According to an article published by The Wall Street Journal on August 28, a spokesperson for Binance disclosed that the exchange is actively exploring various options concerning its

Laos, through its state-owned electricity distribution company, Électricité du Laos (EDL), has made the decision to temporarily suspend the supply of electricity to crypto mining operations within the nation. This move comes in response to a series of challenges, including a severe drought experienced in the first half of 2023, which led to increased electricity