Generative Artificial Intelligence (AI) continues to make waves in the enterprise market with ABI Research, a global technology intelligence firm, predicting it to pump over $450 billion into the enterprise sector across twelve different verticals in the next seven years. Generative AI has expanded rapidly in the business-to-consumer (B2C) market…
Bitcoin (BTC) ate away at the prior day’s gains on July 27 as United States macroeconomic data produced a muted reaction. BTC/USD 1-hour chart. Source: TradingView Analyst warns of BTC price dip Data from Cointelegraph Markets Pro and TradingView showed BTC price strength waning after a brief push to $29,680…
Tact was pervasive in the United States House of Representatives Agricultural Committee’s consideration of the Financial Innovation and Technology for the 21st Century Act on July 27. With many references to bipartisanship and self-congratulatory mentions of the members’ cooperation and hard work, the committee plowed through a series of amendments…
The vision for a future where crypto payments are instant, accessible, and global has ignited a spirited debate among industry leaders on the path toward achieving this goal. As reported by Brian Armstrong, CEO of Coinbase, the crypto industry, including Coinbase, focuses on integrating layer 2 solutions, better on-ramps, and…
Stablecoins cannot be compared to bank deposits in terms of risk, argues a new policy paper authored by former Federal Reserve Board analyst Brendan Malone on behalf of technology investment firm Paradigm. The document explores the risks stablecoins pose to the financial system, noting that current legislative proposals in the United States…
Quick Take Roughly two years ago, Bitcoin experienced a significant disruption when China enforced a ban on Bitcoin mining. This development caused the cryptocurrency’s value to tumble from $60,000 to $30,000. However, in the wake of these challenges, Bitcoin’s “2 years Supply Last Active” cohort has shown resilience, continuously making…
Computer-generated nonfungible tokens (NFTs) created by Hungarian artist Vera Molnár in collaboration with Martin Grasser sold out during Sotheby’s Dutch auction for 631 Ether (ETH), or around $1.2 million, in less than one hour. Molnár’s Themes and Variations #1 sold for 19.84 ETH | Source: Sotheby’s According to the July…
Quick Take The Euro Area has taken an assertive step towards controlling inflation, augmenting its rates by an additional 25 basis points (bps). This progression propels the current rate hiking cycle to an impressive 4.25%. Marking a notable surge, this level represents the highest rate observed since 2008. Moreover, this…
As regulatory scrutiny continues to circle the wider Web3 ecosystem, cryptocurrency lending platform Nexo will look to leverage training resources, connections and data by joining the association of certified sanctions specialists (ACSS). The association offers training and certification for sanctions professionals across a variety of industries including financial institutions, international…
BlackRock, the world’s largest asset manager, has announced a joint venture with Jio Financial Services Limited (JFS) to form Jio BlackRock with the goal of democratizing access to investment solutions for investors in India through a digital-first strategy. As BlackRock’s press release stated, this venture combines the deep expertise and talent…