Crypto investment funds break $100B AUM worldwide for the first time
Cryptopolitan (RSS)
Global assets under management (AUM) in cryptocurrency investment products have exceeded $100 billion, according to recent data from CoinShares. This achievement is highlighted by significant inflows into crypto funds and gains in the cryptocurrency market, propelling the AUM to a new record level.
James Butterfill, CoinShares’ Head of Research, reported that total assets in digital asset exchange-traded products (ETPs) have surpassed the $100 billion mark for the first time. This milestone was reached shortly after global crypto funds broke the annual inflow record set in 2021, less than three months into 2024.
The remarkable increase in AUM is largely driven by the influx of investments into new spot bitcoin ETFs in the United States. These funds have attracted over $2.2 billion in inflows in a single week, with Bla...
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Cryptopolitan (RSS)
Global assets under management (AUM) in cryptocurrency investment products have exceeded $100 billion, according to recent data from CoinShares. This achievement is highlighted by significant inflows into crypto funds and gains in the cryptocurrency market, propelling the AUM to a new record level.
James Butterfill, CoinShares’ Head of Research, reported that total assets in digital asset exchange-traded products (ETPs) have surpassed the $100 billion mark for the first time. This milestone was reached shortly after global crypto funds broke the annual inflow record set in 2021, less than three months into 2024.
The remarkable increase in AUM is largely driven by the influx of investments into new spot bitcoin ETFs in the United States. These funds have attracted over $2.2 billion in inflows in a single week, with Bla...
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Apple Boosts AI Capabilities with Acquisition of DarwinAI
Cryptopolitan (RSS)
Apple Inc. has bolstered its artificial intelligence (AI) capabilities with the acquisition of DarwinAI, a Canadian start-up renowned for its innovative AI technologies. The acquisition underscores Apple’s strategic move towards enhancing its AI capabilities in preparation for a significant expansion into generative AI in 2024. Although undisclosed in terms of financial details, the acquisition marks a significant development in Apple’s AI roadmap.
Following the acquisition, a substantial number of DarwinAI’s employees have transitioned to Apple’s artificial intelligence division. Among them is Alexander Wong, a distinguished AI researcher from the University of Waterloo, who now holds a directorial position within Apple’s AI group. This influx of talent from DarwinAI brings a wealth of expertise and experience to Apple’s AI...
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Cryptopolitan (RSS)
Apple Inc. has bolstered its artificial intelligence (AI) capabilities with the acquisition of DarwinAI, a Canadian start-up renowned for its innovative AI technologies. The acquisition underscores Apple’s strategic move towards enhancing its AI capabilities in preparation for a significant expansion into generative AI in 2024. Although undisclosed in terms of financial details, the acquisition marks a significant development in Apple’s AI roadmap.
Following the acquisition, a substantial number of DarwinAI’s employees have transitioned to Apple’s artificial intelligence division. Among them is Alexander Wong, a distinguished AI researcher from the University of Waterloo, who now holds a directorial position within Apple’s AI group. This influx of talent from DarwinAI brings a wealth of expertise and experience to Apple’s AI...
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London Book Fair 2024: Chinese Publishers Embrace AI and Digital Strategies
Cryptopolitan (RSS)
The London Book Fair (LBF) 2024 witnessed a convergence of global publishers exploring the transformative potential of emerging technologies. Among them, Chinese publishers stood out, actively engaging in discussions and showcasing innovative tools at the forefront of the industry’s evolution.
AI integration propels efficiency and personalization
At the heart of discussions lay the integration of Artificial Intelligence (AI) into various facets of publishing. Professionals exchanged insights on AI’s pragmatic application, potential benefits, and inherent limitations. Over the years, publishers worldwide have embraced AI-driven tools for tasks ranging from editing to market analysis and online book recommendations. This surge in AI development signals a shift towards more efficient, personalized, and insightful processes within the industry.
Professor Shen Yang from Tsinghua University’s S...
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Cryptopolitan (RSS)
The London Book Fair (LBF) 2024 witnessed a convergence of global publishers exploring the transformative potential of emerging technologies. Among them, Chinese publishers stood out, actively engaging in discussions and showcasing innovative tools at the forefront of the industry’s evolution.
AI integration propels efficiency and personalization
At the heart of discussions lay the integration of Artificial Intelligence (AI) into various facets of publishing. Professionals exchanged insights on AI’s pragmatic application, potential benefits, and inherent limitations. Over the years, publishers worldwide have embraced AI-driven tools for tasks ranging from editing to market analysis and online book recommendations. This surge in AI development signals a shift towards more efficient, personalized, and insightful processes within the industry.
Professor Shen Yang from Tsinghua University’s S...
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Bitcoin ETF Inflow Drops 80% To $133M As BTC Price Retreats
CoinGape (RSS)
Investor sentiment in the cryptocurrency market takes a hit as the U.S. Spot Bitcoin ETF witnesses a substantial drop in inflows, falling by 80.6% to $133 million on Thursday, March 14. Notably, this marks the lowest inflow over the last eight trading days, which have sparked discussions over a potential cooling interest from the Wall Street players.
Meanwhile, this decline comes amid a broader downturn in the crypto market, with Bitcoin prices retreating from recent highs.
Bitcoin ETF Inflow Plunges Amid Bitcoin Sell-Off
The recent slump in Bitcoin, coupled with heightened market volatility, has sparked market concerns amid a significant reduction in inflows to the U.S. Spot Bitcoin ETF. Following a record-breaking surge that propelled Bitcoin to surpass $73,000, the cryptocurrency faced a sharp decline, dipping below the $67,000 mark.
Notably, this curren...
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CoinGape (RSS)
Investor sentiment in the cryptocurrency market takes a hit as the U.S. Spot Bitcoin ETF witnesses a substantial drop in inflows, falling by 80.6% to $133 million on Thursday, March 14. Notably, this marks the lowest inflow over the last eight trading days, which have sparked discussions over a potential cooling interest from the Wall Street players.
Meanwhile, this decline comes amid a broader downturn in the crypto market, with Bitcoin prices retreating from recent highs.
Bitcoin ETF Inflow Plunges Amid Bitcoin Sell-Off
The recent slump in Bitcoin, coupled with heightened market volatility, has sparked market concerns amid a significant reduction in inflows to the U.S. Spot Bitcoin ETF. Following a record-breaking surge that propelled Bitcoin to surpass $73,000, the cryptocurrency faced a sharp decline, dipping below the $67,000 mark.
Notably, this curren...
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Bitcoin Maxi Pushes for El Salvador Credit Rating Upgrade Amid Cold Storage Move
CoinGape (RSS)
The Bitcoin nation of El Salvador has been setting up new precedence by moving a large part of its Bitcoin holdings to cold wallets and keeping them in physical vaults within the country’s own territory.
El Salvador Secures Bitcoin Holdings
In a significant development, President Nayib Bukele of El Salvador reveals the decision to transfer a substantial portion of the country’s Bitcoin holdings to a cold wallet. This move is accompanied by the establishment of a physical vault within the national territory to securely store the cold wallet.
Describing the initiative as the nation’s inaugural “Bitcoin piggy bank,” President Bukele emphasizes the importance of prudent asset management and secure storage practices.
The decision to transfer Bitcoin holdings to a cold wallet aligns with El Salvador’s ongoing efforts to integrate cryptocurrencies into its national financial infrastructure. This...
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CoinGape (RSS)
The Bitcoin nation of El Salvador has been setting up new precedence by moving a large part of its Bitcoin holdings to cold wallets and keeping them in physical vaults within the country’s own territory.
El Salvador Secures Bitcoin Holdings
In a significant development, President Nayib Bukele of El Salvador reveals the decision to transfer a substantial portion of the country’s Bitcoin holdings to a cold wallet. This move is accompanied by the establishment of a physical vault within the national territory to securely store the cold wallet.
Describing the initiative as the nation’s inaugural “Bitcoin piggy bank,” President Bukele emphasizes the importance of prudent asset management and secure storage practices.
The decision to transfer Bitcoin holdings to a cold wallet aligns with El Salvador’s ongoing efforts to integrate cryptocurrencies into its national financial infrastructure. This...
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Avalanche Foundation Snaps up KIMBO, COQ, and Three Other Tokens as First Meme Coin Investment
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The Foundation first said in December it would invest in meme coin as part of a digital culture drive.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The Foundation first said in December it would invest in meme coin as part of a digital culture drive.
Bitcoin's Correlation to Nvidia Strongest in Over a Year
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The 90-day and 52-week correlation between bitcoin and Nasdaq-listed chip maker Nvidia is well above 0.80.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The 90-day and 52-week correlation between bitcoin and Nasdaq-listed chip maker Nvidia is well above 0.80.
Craig Wright is NOT Satoshi Nakamoto – Is anyone surprised?
Cryptopolitan (RSS)
Well, well, well, if it isn’t what we’ve all always known. Craig Wright is NOT Satoshi Nakamoto. It’s been legally declared. Slicing through the thick fog of claims and counterclaims like a hot knife through butter, UK Judge James Mellor has delivered a ruling that essentially throws cold water on Wright’s long-standing assertion. His annoying crusade to be recognized as the father of Bitcoin is finally coming to an end. And I, for one, couldn’t be more excited about it. This came after the Crypto Open Patent Alliance (COPA) took Wright to court, tired of his claims and seeking a legal muzzle to keep him from further proclaiming himself as Nakamoto over and over again.
The Battle Lines Were Drawn
The showdown reached its climax on March 12 in London, where the legal teams locked horns over the truth of Wright’s identity as Sat...
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Cryptopolitan (RSS)
Well, well, well, if it isn’t what we’ve all always known. Craig Wright is NOT Satoshi Nakamoto. It’s been legally declared. Slicing through the thick fog of claims and counterclaims like a hot knife through butter, UK Judge James Mellor has delivered a ruling that essentially throws cold water on Wright’s long-standing assertion. His annoying crusade to be recognized as the father of Bitcoin is finally coming to an end. And I, for one, couldn’t be more excited about it. This came after the Crypto Open Patent Alliance (COPA) took Wright to court, tired of his claims and seeking a legal muzzle to keep him from further proclaiming himself as Nakamoto over and over again.
The Battle Lines Were Drawn
The showdown reached its climax on March 12 in London, where the legal teams locked horns over the truth of Wright’s identity as Sat...
View original post
EU Adopts Landmark AI Legislation, Impacts Tech Companies
Cryptopolitan (RSS)
The European Parliament has approved the groundbreaking AI Act, marking a significant milestone in global AI regulation. This comprehensive law aims to mitigate potential risks associated with artificial intelligence while setting strict standards for its deployment. However, it also poses challenges for tech giants eyeing the lucrative EU market.
Under the AI Act, stringent regulations are imposed on AI systems deemed to pose higher risks to society. Technologies involving biometric data processing and facial recognition databases, among others, will face prohibitive measures to safeguard fundamental rights. Sectors like infrastructure, healthcare, and law enforcement will be subject to rigorous requirements to ensure accountability and transparency in AI deployment.
Tech companies to show transparency and compliance mandates
The legislation mandates transparency from producers of AI systems, particularly...
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Cryptopolitan (RSS)
The European Parliament has approved the groundbreaking AI Act, marking a significant milestone in global AI regulation. This comprehensive law aims to mitigate potential risks associated with artificial intelligence while setting strict standards for its deployment. However, it also poses challenges for tech giants eyeing the lucrative EU market.
Under the AI Act, stringent regulations are imposed on AI systems deemed to pose higher risks to society. Technologies involving biometric data processing and facial recognition databases, among others, will face prohibitive measures to safeguard fundamental rights. Sectors like infrastructure, healthcare, and law enforcement will be subject to rigorous requirements to ensure accountability and transparency in AI deployment.
Tech companies to show transparency and compliance mandates
The legislation mandates transparency from producers of AI systems, particularly...
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Investors Highlight 11 Promising AI Startups in Europe
Cryptopolitan (RSS)
Leading investors in the AI space have identified 11 promising startups in Europe, signaling a growing interest in innovative AI technologies. These startups span various countries and sectors, offering unique solutions to revolutionize industries and address emerging challenges.
Investors from renowned firms such as Speedinvest, Runa Capital, Apex Ventures, and Octopus Ventures have unveiled their top picks for AI startups in Europe. These startups represent the forefront of AI innovation, leveraging advanced technologies to tackle complex problems across diverse domains.
The selected startups offer diverse solutions, from symbolic AI frameworks to neuromorphic processors and cybersecurity for AI. Each startup brings its unique approach to harnessing AI’s potential, addressing critical needs in areas such as data processing, edge computing, and cybersecurity. As the AI revolution gains momentum, these compani...
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Cryptopolitan (RSS)
Leading investors in the AI space have identified 11 promising startups in Europe, signaling a growing interest in innovative AI technologies. These startups span various countries and sectors, offering unique solutions to revolutionize industries and address emerging challenges.
Investors from renowned firms such as Speedinvest, Runa Capital, Apex Ventures, and Octopus Ventures have unveiled their top picks for AI startups in Europe. These startups represent the forefront of AI innovation, leveraging advanced technologies to tackle complex problems across diverse domains.
The selected startups offer diverse solutions, from symbolic AI frameworks to neuromorphic processors and cybersecurity for AI. Each startup brings its unique approach to harnessing AI’s potential, addressing critical needs in areas such as data processing, edge computing, and cybersecurity. As the AI revolution gains momentum, these compani...
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Low-income U.S. consumers continue to suffer despite it all
Cryptopolitan (RSS)
While the economy parades around in its fancy clothes, boasting of growth and employment numbers that would make any economist impressed, the situation remains stark for low-income U.S. consumers. They’re stuck in the mud, trying to pull themselves out by the bootstraps that have long been worn thin by inflation and interest rates that show absolutely no mercy. It’s a situation that doesn’t quite fit the prosperity claimed by mainstream numbers, where it seems like the sun shines equally on everyone.
Ian Borden of McDonald’s said something instriguing at a recent industry conference that highlights the grim reality facing those at the lower end of the income ladder. With Covid savings depleted and the cost of eating at home rising, many are left with no choice but to tighten their belts a notch further. This is causing problems in sectors like...
View original post
Cryptopolitan (RSS)
While the economy parades around in its fancy clothes, boasting of growth and employment numbers that would make any economist impressed, the situation remains stark for low-income U.S. consumers. They’re stuck in the mud, trying to pull themselves out by the bootstraps that have long been worn thin by inflation and interest rates that show absolutely no mercy. It’s a situation that doesn’t quite fit the prosperity claimed by mainstream numbers, where it seems like the sun shines equally on everyone.
Ian Borden of McDonald’s said something instriguing at a recent industry conference that highlights the grim reality facing those at the lower end of the income ladder. With Covid savings depleted and the cost of eating at home rising, many are left with no choice but to tighten their belts a notch further. This is causing problems in sectors like...
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Federal Reserve is likely not going to cut interest rates this year
Cryptopolitan (RSS)
The recent data of the U.S. economy has put the brakes on any fantasies about the Federal Reserve cutting interest rates anytime soon. With the latest figures on inflation heating up and unemployment claims cooling down more than anticipated, it looks like the Fed’s big chair might just stay put, keeping the interest rates at their two-decade high. And let’s not forget, while some pockets of the economy seem to be taking a nap, particularly consumer spending, the overall message given by the latest stats is one of a weirdly-strong economy that’s not ready for a bedtime story about rate cuts. And probably won’t be for quite some time.
Economic Indicators Playing Hard to Get
Let’s dive a bit deeper into this economic soup. Prices that producers charge have gone beyond wha...
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Cryptopolitan (RSS)
The recent data of the U.S. economy has put the brakes on any fantasies about the Federal Reserve cutting interest rates anytime soon. With the latest figures on inflation heating up and unemployment claims cooling down more than anticipated, it looks like the Fed’s big chair might just stay put, keeping the interest rates at their two-decade high. And let’s not forget, while some pockets of the economy seem to be taking a nap, particularly consumer spending, the overall message given by the latest stats is one of a weirdly-strong economy that’s not ready for a bedtime story about rate cuts. And probably won’t be for quite some time.
Economic Indicators Playing Hard to Get
Let’s dive a bit deeper into this economic soup. Prices that producers charge have gone beyond wha...
View original post
Top Tron Wallets in 2024
CoinGape (RSS)
Tron has a significant market share in the rapidly evolving cryptocurrency space. Offering a decentralized platform for content creators and developers, it has sparked the love of millions of users.
Are you one of them who owns a good amount of Tron? If yes, you definitely crave a wallet that keeps your digital assets super safe. But the question is: which wallet to pick? Well, we are here to guide you. Let’s begin!
The post Top Tron Wallets in 2024 appeared first on CoinGape.
CoinGape (RSS)
Tron has a significant market share in the rapidly evolving cryptocurrency space. Offering a decentralized platform for content creators and developers, it has sparked the love of millions of users.
Are you one of them who owns a good amount of Tron? If yes, you definitely crave a wallet that keeps your digital assets super safe. But the question is: which wallet to pick? Well, we are here to guide you. Let’s begin!
The post Top Tron Wallets in 2024 appeared first on CoinGape.
Spot Ethereum ETF: Will SEC Reject BlackRock, Grayscale & Other Applications?
CoinGape (RSS)
Rhode Island Senator Jack Reed and California Senator Laphonza Butler have penned a compelling letter to Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC). In the letter they urged meticulous scrutiny and caution in the approval process for crypto ETFs. This has led to uncertainty over approval of Spot Ethereum ETF applications by Grayscale, BlackRockBlackRock, VanEck, and Franklin Templeton.
Will SEC Reject Spot Ethereum ETF Applications?
In advocating for a cautious approach, the senators argue against the blanket approval of cryptocurrency ETPs, citing concerns over market integrity and investor protection. They call for strict limitations on the precedential application of such approvals. Moreover, they asserted that markets for other cryptocurrencies lack the trading volumes and i...
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CoinGape (RSS)
Rhode Island Senator Jack Reed and California Senator Laphonza Butler have penned a compelling letter to Gary Gensler, Chair of the U.S. Securities and Exchange Commission (SEC). In the letter they urged meticulous scrutiny and caution in the approval process for crypto ETFs. This has led to uncertainty over approval of Spot Ethereum ETF applications by Grayscale, BlackRockBlackRock, VanEck, and Franklin Templeton.
Will SEC Reject Spot Ethereum ETF Applications?
In advocating for a cautious approach, the senators argue against the blanket approval of cryptocurrency ETPs, citing concerns over market integrity and investor protection. They call for strict limitations on the precedential application of such approvals. Moreover, they asserted that markets for other cryptocurrencies lack the trading volumes and i...
View original post
10 Best Trading Bots for Binance
CoinGape (RSS)
Binance trading bots act as a gateway to automated trading. These are the software designed to self-execute crypto transactions at optimal moments and desired prices, as set priorly. They enhance the overall trading experience, enhancing profitability, minimizing losses, and mitigating risks. These trading bots are also capable of consolidating all your crypto exchange accounts into a centralized platform for streamlined trading. Before moving ahead, it’s best to dive into the details of crypto trading bots.
Choosing the right Binance Crypto trading bots can be challenging due to the huge number of options available. This article lists the 10 best trading bots for Binance to check & leverage this bull season.
The post 10 Best Trading Bots for Binance appeared first on CoinGape.
CoinGape (RSS)
Binance trading bots act as a gateway to automated trading. These are the software designed to self-execute crypto transactions at optimal moments and desired prices, as set priorly. They enhance the overall trading experience, enhancing profitability, minimizing losses, and mitigating risks. These trading bots are also capable of consolidating all your crypto exchange accounts into a centralized platform for streamlined trading. Before moving ahead, it’s best to dive into the details of crypto trading bots.
Choosing the right Binance Crypto trading bots can be challenging due to the huge number of options available. This article lists the 10 best trading bots for Binance to check & leverage this bull season.
The post 10 Best Trading Bots for Binance appeared first on CoinGape.
Stop Anti Spot Ethereum ETF Campaign, ETH More Liquid Than Most S&P 500 Stocks
CoinGape (RSS)
The success of spot Bitcoin ETFs within just two months of launch has clearly irked some lawmakers in the U.S. On Thursday, March 14, Senator Reed and Senator Butler wrote to the U.S. Securities and Exchange Commission (SEC) urging them to refrain from approving additional Exchange-Traded Products (ETPs) for alternative tokens beyond Bitcoin. Indirectly, the lawmakers have been pushing the SEC to deny the spot Ethereum ETF that has been recently under consideration.
...
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CoinGape (RSS)
The success of spot Bitcoin ETFs within just two months of launch has clearly irked some lawmakers in the U.S. On Thursday, March 14, Senator Reed and Senator Butler wrote to the U.S. Securities and Exchange Commission (SEC) urging them to refrain from approving additional Exchange-Traded Products (ETPs) for alternative tokens beyond Bitcoin. Indirectly, the lawmakers have been pushing the SEC to deny the spot Ethereum ETF that has been recently under consideration.
...
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