Bank of America Raises Target Price on Taiwan Semiconductor (TSM) Amidst Strong AI Demand
Cryptopolitan (RSS)
Bank of America analysts have revised their target price on Taiwan Semiconductor (TSM), citing the company’s pivotal role as a “key enabler of AI with long-lasting leadership.” The target price has been increased to NT$880 from NT$760, reflecting the analysts’ expectations of robust demand for structural advanced node technologies, particularly driven by the increasing requirements in AI computing power and energy efficiency.
Support from AI strength and computing power
The upward adjustment in the target price is underpinned by the anticipation of heightened demand for structural advanced nodes, which are crucially supported by AI strength, computing power, and energy-saving requirements.
Analysts foresee a significant uptick in the importance of advanced nodes due to the escalating co...
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Cryptopolitan (RSS)
Bank of America analysts have revised their target price on Taiwan Semiconductor (TSM), citing the company’s pivotal role as a “key enabler of AI with long-lasting leadership.” The target price has been increased to NT$880 from NT$760, reflecting the analysts’ expectations of robust demand for structural advanced node technologies, particularly driven by the increasing requirements in AI computing power and energy efficiency.
Support from AI strength and computing power
The upward adjustment in the target price is underpinned by the anticipation of heightened demand for structural advanced nodes, which are crucially supported by AI strength, computing power, and energy-saving requirements.
Analysts foresee a significant uptick in the importance of advanced nodes due to the escalating co...
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OKX Phases Out USDT Trading in Europe Ahead of MiCA
CoinGape (RSS)
OKX ranked as the fourth-largest crypto exchange globally, has announced the discontinuation of Tether (USDT) trading pairs. This ruling will impact users located in the European Economic Area (EEA). The event is prior to the implementation of the Markets in Crypto-Assets (MiCA) regulations. It highlights the rather aggressive stance that exchanges are taking in regard to the forthcoming regulatory changes. This prohibition will be fully enforced until December 30, 2024, and the date will be a turning point in the regulatory system of cryptocurrencies in Europe.
The objective of MiCA regulations is to provide a holistic framework ‘for cryptocurrency operation. The question they address is the governance of ...
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CoinGape (RSS)
OKX ranked as the fourth-largest crypto exchange globally, has announced the discontinuation of Tether (USDT) trading pairs. This ruling will impact users located in the European Economic Area (EEA). The event is prior to the implementation of the Markets in Crypto-Assets (MiCA) regulations. It highlights the rather aggressive stance that exchanges are taking in regard to the forthcoming regulatory changes. This prohibition will be fully enforced until December 30, 2024, and the date will be a turning point in the regulatory system of cryptocurrencies in Europe.
The objective of MiCA regulations is to provide a holistic framework ‘for cryptocurrency operation. The question they address is the governance of ...
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Bitcoin ETF: BlackRock and Fidelity ETFs Bags Top 5 Spot In YTD Flows
CoinGape (RSS)
BlackRock‘s IBIT and Fidelity’s FBTC have secured positions among the top five ETFs in terms of year-to-date (YTD) flows. This success represents the increased investor demand for Bitcoin and crypto-related financial products. In addition, these funds’ results are an indication of increasing trust in the inclusion of cryptocurrencies in traditional investment portfolios.
Rapid Ascent in the ETF Landscape
BlackRock’s IBIT and Fidelity’s FBTC have not only succeeded in breaking into the highly competitive world of ETFs but have also made it possible to make it on the top five ranking for YTD flow. Thus, this explosive growth, in ...
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CoinGape (RSS)
BlackRock‘s IBIT and Fidelity’s FBTC have secured positions among the top five ETFs in terms of year-to-date (YTD) flows. This success represents the increased investor demand for Bitcoin and crypto-related financial products. In addition, these funds’ results are an indication of increasing trust in the inclusion of cryptocurrencies in traditional investment portfolios.
Rapid Ascent in the ETF Landscape
BlackRock’s IBIT and Fidelity’s FBTC have not only succeeded in breaking into the highly competitive world of ETFs but have also made it possible to make it on the top five ranking for YTD flow. Thus, this explosive growth, in ...
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Grab Brings Crypto Payments To Asia’s SuperApp Scene
CoinGape (RSS)
Grab, Asia’s premier super app, is embarking on a groundbreaking journey in the realm of digital finance through its latest partnership with Triple A, a leading crypto payments provider. This collaboration heralds a new era as Grab ventures into the world of cryptocurrency payments within its extensive ecosystem. The announcement comes with great anticipation as GrabPay users now have the unprecedented ability to seamlessly augment their e-wallet balances using digital tokens.
This integration opens doors to a myriad of possibilities, enabling GrabPay users to convert stablecoins and various digital assets into practical funds for their everyday transactions. While the specifics of supported tokens and platforms remain undisclosed by Grab, this development has undoubtedly sparked curiosity among users,...
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CoinGape (RSS)
Grab, Asia’s premier super app, is embarking on a groundbreaking journey in the realm of digital finance through its latest partnership with Triple A, a leading crypto payments provider. This collaboration heralds a new era as Grab ventures into the world of cryptocurrency payments within its extensive ecosystem. The announcement comes with great anticipation as GrabPay users now have the unprecedented ability to seamlessly augment their e-wallet balances using digital tokens.
This integration opens doors to a myriad of possibilities, enabling GrabPay users to convert stablecoins and various digital assets into practical funds for their everyday transactions. While the specifics of supported tokens and platforms remain undisclosed by Grab, this development has undoubtedly sparked curiosity among users,...
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AI News: Apple Quietly Unveils MM1, New ChatGPT and Gemini Killer
CoinGape (RSS)
Even though Apple seems like a latecomer to the Large Language Model (LLM) arena, the popular technology company has released MM1 to compete with some of the early AI adopters like OpenAI and Google.
Apple MM1 Capabilities
Apple MM1 was recently introduced in a preprint research paper titled “MM1: Methods, Analysis & Insights from Multimodal LLM Pre-training” by the Apple developer team. The new AI tool offers a system of utilizing AI-generated data and labels to boost the training of other LLMs. Apple researchers believe that this is a way to retrieve state-of-the-art results.
Precisely, the research was aimed at demonstrating “how carefully combining different types of training data and model architectures can lead to state-of-the-art performance on a range of AI benchmarks.”
Furthermore, t...
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CoinGape (RSS)
Even though Apple seems like a latecomer to the Large Language Model (LLM) arena, the popular technology company has released MM1 to compete with some of the early AI adopters like OpenAI and Google.
Apple MM1 Capabilities
Apple MM1 was recently introduced in a preprint research paper titled “MM1: Methods, Analysis & Insights from Multimodal LLM Pre-training” by the Apple developer team. The new AI tool offers a system of utilizing AI-generated data and labels to boost the training of other LLMs. Apple researchers believe that this is a way to retrieve state-of-the-art results.
Precisely, the research was aimed at demonstrating “how carefully combining different types of training data and model architectures can lead to state-of-the-art performance on a range of AI benchmarks.”
Furthermore, t...
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Top 5 Soaring AI Tokens Ahead of NVIDIA Conference
Cryptopolitan (RSS)
The upcoming NVIDIA GTC in San Jose is the talk of the town, with AI enthusiasts eager for the event. This anticipation has fueled a notable rise in AI-centric cryptocurrencies. Among these, Render (RNDR), Bittensor (TAO), The Graph (GRT), Fetch.AI (FET), and SingularityNET (AGIX) have shown remarkable growth. This surge reflects the growing interest in AI technologies and their potential impact on the market.
Render (RNDR)
Render (RNDR), a forefront decentralized platform for rendering and AI processing that leverages GPU power, is currently among the standout AI-focused cryptocurrencies. Amidst a market phase of consolidation, Render’s valuation soared to unprecedented heights. The RNDR token has seen remarkable growth across various periods, capturing the attention of cryptocurrency ...
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Cryptopolitan (RSS)
The upcoming NVIDIA GTC in San Jose is the talk of the town, with AI enthusiasts eager for the event. This anticipation has fueled a notable rise in AI-centric cryptocurrencies. Among these, Render (RNDR), Bittensor (TAO), The Graph (GRT), Fetch.AI (FET), and SingularityNET (AGIX) have shown remarkable growth. This surge reflects the growing interest in AI technologies and their potential impact on the market.
Render (RNDR)
Render (RNDR), a forefront decentralized platform for rendering and AI processing that leverages GPU power, is currently among the standout AI-focused cryptocurrencies. Amidst a market phase of consolidation, Render’s valuation soared to unprecedented heights. The RNDR token has seen remarkable growth across various periods, capturing the attention of cryptocurrency ...
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Bitget Wallet prepares for native token launch after $30M investment
Cryptopolitan (RSS)
Bitget Wallet, previously known as BitKeep, has announced the upcoming launch of its native token, BWB, after a $30 million investment from Bitget exchange boosted its valuation to $300 million.
The new token aims to foster community engagement and reward users, featuring a total supply of 1 billion BWB. Of this, 5% is allocated to users holding digital assets in Bitget Wallet or those participating in in-app swap transactions.
Cryptopolitan (RSS)
Bitget Wallet, previously known as BitKeep, has announced the upcoming launch of its native token, BWB, after a $30 million investment from Bitget exchange boosted its valuation to $300 million.
The new token aims to foster community engagement and reward users, featuring a total supply of 1 billion BWB. Of this, 5% is allocated to users holding digital assets in Bitget Wallet or those participating in in-app swap transactions.
Binance achieves $100 billion in assets under custody
Cryptopolitan (RSS)
In recent developments, Binance, one of the leading cryptocurrency exchanges globally, has seen its assets under custody surge past $100 billion as of March 18. This notable achievement comes amidst a series of actions by the U.S. Department of Justice targeting the exchange and its co-founder Changpeng Zhao.
Binance’s assets under custody rise above $100 billion
According to official statements, the exchange reported a substantial increase in users’ assets under custody, more than doubling from $40 billion at the start of the year. The exchange emphasized its commitment to maintaining a 1:1 ratio of user funds, along with additional reserves, which can be verified using the exchange’s proof-of-reserves (POR) system. This system ensures transparency and security by a...
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Cryptopolitan (RSS)
In recent developments, Binance, one of the leading cryptocurrency exchanges globally, has seen its assets under custody surge past $100 billion as of March 18. This notable achievement comes amidst a series of actions by the U.S. Department of Justice targeting the exchange and its co-founder Changpeng Zhao.
Binance’s assets under custody rise above $100 billion
According to official statements, the exchange reported a substantial increase in users’ assets under custody, more than doubling from $40 billion at the start of the year. The exchange emphasized its commitment to maintaining a 1:1 ratio of user funds, along with additional reserves, which can be verified using the exchange’s proof-of-reserves (POR) system. This system ensures transparency and security by a...
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OKX discontinues USDT trading pairs in EEA ahead of EU crypto regulation
Cryptopolitan (RSS)
OKX, the fourth-largest cryptocurrency exchange globally by trading volume, has announced the termination of Tether (USDT) trading pairs for users within the European Economic Area (EEA). This move precedes the full enactment of the Markets in Crypto-Assets (MiCA) regulation by the European Union (EU), set to become effective on Dec 30, 2024. MiCA aims to introduce a comprehensive regulatory framework for digital assets, focusing on the restriction of certain stablecoins.
The exchange communicated its decision through an email to European traders. However, the communication did not directly link the discontinuation to the upcoming MiCA regulation but mentioned that regulatory requirements influence the availability of tokens in different markets. Despite the announcement, OKX’s website showed that USDT pairs were still accessible to EEA traders as of March 15.
OKX ...
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Cryptopolitan (RSS)
OKX, the fourth-largest cryptocurrency exchange globally by trading volume, has announced the termination of Tether (USDT) trading pairs for users within the European Economic Area (EEA). This move precedes the full enactment of the Markets in Crypto-Assets (MiCA) regulation by the European Union (EU), set to become effective on Dec 30, 2024. MiCA aims to introduce a comprehensive regulatory framework for digital assets, focusing on the restriction of certain stablecoins.
The exchange communicated its decision through an email to European traders. However, the communication did not directly link the discontinuation to the upcoming MiCA regulation but mentioned that regulatory requirements influence the availability of tokens in different markets. Despite the announcement, OKX’s website showed that USDT pairs were still accessible to EEA traders as of March 15.
OKX ...
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CZ has been planning an iconic comeback – Here is what we know
Cryptopolitan (RSS)
Nine months after Binance’s founder, the genius Changpeng “CZ” Zhao stepped down as the company’s CEO as part of a deal with U.S. authorities, he is dropping some major hints at an iconic comeback that is currently in the works.
Now the entire crypto community is losing its mind on Twitter over the simple tweet that CZ shared that actually had very little details in it. All the man said was, “Launching a new project. No, no new tokens. Education project. More details soon.” So of course we’re all on the edge of ours seats, notifications on for sure, eager to hear more.
On the surface, the latest move seems like a departure from his usual business-savvy strategies in the crypto arena. But when you think about it, it’s a smart play. Amidst a backdrop of legal battles that have put a damper on his ability to move freely, this move is like a chess grandmaster t...
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Cryptopolitan (RSS)
Nine months after Binance’s founder, the genius Changpeng “CZ” Zhao stepped down as the company’s CEO as part of a deal with U.S. authorities, he is dropping some major hints at an iconic comeback that is currently in the works.
Now the entire crypto community is losing its mind on Twitter over the simple tweet that CZ shared that actually had very little details in it. All the man said was, “Launching a new project. No, no new tokens. Education project. More details soon.” So of course we’re all on the edge of ours seats, notifications on for sure, eager to hear more.
On the surface, the latest move seems like a departure from his usual business-savvy strategies in the crypto arena. But when you think about it, it’s a smart play. Amidst a backdrop of legal battles that have put a damper on his ability to move freely, this move is like a chess grandmaster t...
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Tether's USDT Gets Delisted on Crypto Exchange OKX for EU Users
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The action may foreshadow regulatory restrictions in the region for the largest stablecoin by market capitalization and trading volume, as upcoming E.U. rules will require stablecoin issuer to be licensed electronic money institutions.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The action may foreshadow regulatory restrictions in the region for the largest stablecoin by market capitalization and trading volume, as upcoming E.U. rules will require stablecoin issuer to be licensed electronic money institutions.
Is Toxic Bitcoin Maximalism Getting Less Toxic?
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
As BTC gets Wall Street approval and developers build new applications on the network, Bitcoiners are ditching some of their previous siege mentality.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
As BTC gets Wall Street approval and developers build new applications on the network, Bitcoiners are ditching some of their previous siege mentality.
Just In: Binance Founder ‘CZ’ Is Launching a New Project
CoinGape (RSS)
Changpeng ‘CZ’ Zhao, the Founder and former CEO of Binance took to X to tease the coming of a new project and while he avoided sharing too many details about the product, he confirmed that it would be educational.
Binance Founder’s New Project To Feature No Token
For crypto community members who may be speculating that a new token would be involved in the upcoming project, CZ clearly said that there would be none.
It is not certain what this project is about except the fact that it would offer educational resources. The public would have to patiently wait for more information to be released in the coming days as promised by the former Binance executive.
...
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CoinGape (RSS)
Changpeng ‘CZ’ Zhao, the Founder and former CEO of Binance took to X to tease the coming of a new project and while he avoided sharing too many details about the product, he confirmed that it would be educational.
Binance Founder’s New Project To Feature No Token
For crypto community members who may be speculating that a new token would be involved in the upcoming project, CZ clearly said that there would be none.
It is not certain what this project is about except the fact that it would offer educational resources. The public would have to patiently wait for more information to be released in the coming days as promised by the former Binance executive.
...
View original post
Milady NFT memecoin presale hits target in two hours
Cryptopolitan (RSS)
The NFT collection known as Milady’s novel Solana memecoin has made waves in the crypto world, drawing an impressive 91,486 SOL (equivalent to $18.7 million) within just two hours of its presale announcement. This announcement, made on March 18, revealed that the Solana memecoin, named Milady Wif Hat in homage to the popular Solana memecoin Dogwifhat (WIF), set a minimum investment of 1 SOL and capped contributions at 88,888 SOL.
Milady NFT’s Wif Hat memecoin achieves impressive feat
The presale quickly became oversubscribed, with the Milady Wif Hat team announcing, “Milady Wif Hat presale has soared to its limit of 88,888 SOL and is now closed,” further stating that any additional Solana raised would be fully refunded. This rapid investment surge showcases the strong interest and demand for the Milady NFT collection, which comprises 10,...
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Cryptopolitan (RSS)
The NFT collection known as Milady’s novel Solana memecoin has made waves in the crypto world, drawing an impressive 91,486 SOL (equivalent to $18.7 million) within just two hours of its presale announcement. This announcement, made on March 18, revealed that the Solana memecoin, named Milady Wif Hat in homage to the popular Solana memecoin Dogwifhat (WIF), set a minimum investment of 1 SOL and capped contributions at 88,888 SOL.
Milady NFT’s Wif Hat memecoin achieves impressive feat
The presale quickly became oversubscribed, with the Milady Wif Hat team announcing, “Milady Wif Hat presale has soared to its limit of 88,888 SOL and is now closed,” further stating that any additional Solana raised would be fully refunded. This rapid investment surge showcases the strong interest and demand for the Milady NFT collection, which comprises 10,...
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Chipper Cash makes workforce adjustments in the US and UK
Cryptopolitan (RSS)
Chipper Cash, a Nigerian fintech startup, has recently made headlines with its decision to abolish the roles of 20 workers based in the U.S. and U.K. This move comes as part of the company’s strategy to enhance operational efficiency and move closer to profitability, according to CEO Ham Serunjogi.
Chipper Cash cuts staff in the UK and US
The startup, which focuses on payments, had previously undertaken similar workforce adjustments. In February 2023, Chipper Cash laid off 100 employees, representing 12.5% of its workforce at the time. This action was followed by another round of layoffs involving 50 workers. These measures were attributed to challenging macroeconomic conditions that Chipper Cash had been facing, despite its impressive valuation of $2 billion after a Series C extension round led by FTX.
In a recent ...
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Cryptopolitan (RSS)
Chipper Cash, a Nigerian fintech startup, has recently made headlines with its decision to abolish the roles of 20 workers based in the U.S. and U.K. This move comes as part of the company’s strategy to enhance operational efficiency and move closer to profitability, according to CEO Ham Serunjogi.
Chipper Cash cuts staff in the UK and US
The startup, which focuses on payments, had previously undertaken similar workforce adjustments. In February 2023, Chipper Cash laid off 100 employees, representing 12.5% of its workforce at the time. This action was followed by another round of layoffs involving 50 workers. These measures were attributed to challenging macroeconomic conditions that Chipper Cash had been facing, despite its impressive valuation of $2 billion after a Series C extension round led by FTX.
In a recent ...
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ANZ, Chainlink, and Avalanche Enable Seamless Global Trading of Tokenized Assets
Cryptopolitan (RSS)
The Australia and New Zealand Banking Group (ANZ) and Chainlink Labs have recently showcased the fruits of their collaborative efforts. The initiative has successfully bridged the gap between major blockchain networks, namely Avalanche and Ethereum, facilitating the global movement and settlement of tokenized assets.
The leap forward is particularly timely, given a recent SWIFT report highlighting that a staggering 97% of institutional investors see tokenization as a game-changer for the asset management industry.
Cross-chain settlements by ANZ and Chainlink
At the heart of the collaboration is the Cross-Chain Interoperability Protocol (CCIP) developed by Chainlink, which has been instrumental in demonstrating how clients can engage in the trading and settlement of tokenized assets across different networks and currencies. The process, known as Delivery vs. Payment (DvP), is a critic...
View original post
Cryptopolitan (RSS)
The Australia and New Zealand Banking Group (ANZ) and Chainlink Labs have recently showcased the fruits of their collaborative efforts. The initiative has successfully bridged the gap between major blockchain networks, namely Avalanche and Ethereum, facilitating the global movement and settlement of tokenized assets.
The leap forward is particularly timely, given a recent SWIFT report highlighting that a staggering 97% of institutional investors see tokenization as a game-changer for the asset management industry.
Cross-chain settlements by ANZ and Chainlink
At the heart of the collaboration is the Cross-Chain Interoperability Protocol (CCIP) developed by Chainlink, which has been instrumental in demonstrating how clients can engage in the trading and settlement of tokenized assets across different networks and currencies. The process, known as Delivery vs. Payment (DvP), is a critic...
View original post
MrBeast set to hold ‘the biggest game show ever’ on Prime Video
Cryptopolitan (RSS)
MrBeast, the widely acclaimed content creator on YouTube, recently made headlines with his announcement about filming a monumental game show for Amazon’s Prime Video platform. This game show is set to be unlike anything seen before, with over 1,000 contestants vying for an astounding $5,000,000 prize.
MrBeast announce the largest game show ever
This move represents a significant step for MrBeast, signaling his transition from online content creation to mainstream television production. The news of the game show for Prime Video didn’t catch industry observers off guard. With his massive following and a budget for his YouTube videos that rivals traditional TV shows, it was only a matter of time before he ventured into the realm of Hollywood.
Prime Video, known for its collaborations with prominent creators, has pre...
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Cryptopolitan (RSS)
MrBeast, the widely acclaimed content creator on YouTube, recently made headlines with his announcement about filming a monumental game show for Amazon’s Prime Video platform. This game show is set to be unlike anything seen before, with over 1,000 contestants vying for an astounding $5,000,000 prize.
MrBeast announce the largest game show ever
This move represents a significant step for MrBeast, signaling his transition from online content creation to mainstream television production. The news of the game show for Prime Video didn’t catch industry observers off guard. With his massive following and a budget for his YouTube videos that rivals traditional TV shows, it was only a matter of time before he ventured into the realm of Hollywood.
Prime Video, known for its collaborations with prominent creators, has pre...
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