The AI crypto sector’s combined market cap has more than doubled to $25.1 billion in less than a month as the world remains engrossed in developments in AI technology, according to CryptoSlate data. Overall, the market has increased roughly 150% from $9.64 billion on Feb. 16. The sector has also…
Stablecoin issuer Tether Limited has entered a Memorandum of Understanding (MOU) with the Republic of Uzbekistan’s National Agency of Perspective Projects (NAPP) to develop a regulatory and legal framework for digital assets in the country, according to a March 7 press release. NAPP is the primary government agency overseeing crypto…
US Federal Reserve Chair Jerome Powell told lawmakers that the regulator remains far from adopting or even recommending a central bank digital currency (CBDC). Powell made the statement during a March 7 Senate Banking Committee hearing on monetary policy. The Fed chair’s testimony aimed to quell fears over privacy concerns,…
The Montenegrin high court overseeing Terraform Labs co-founder Do Kwon’s extradition retrial has decided to send him back to South Korea instead of the US, local media reported on March 7. The decision will likely be final as the case has gone through multiple stages of trials and appeals over…
Tether co-founder William Quigley said Bitcoin could potentially surge to $300,000 at the peak of the current bull market, based on historical patterns of past halvings. He shared the insight during an interview with CNBC, where he discussed the market conditions influencing Bitcoin as the halving approaches. Quigley clarified that his…
Bankrupt crypto firms FTX and BlockFi have reached an in-principle agreement to settle all litigation and disputes for nearly $900 million, according to a Mar. 6 court filing. Under the terms, BlockFi will receive $185.2 million in compensation for customer claims against the FTX debtors. Additionally, the insolvent lender is…
Arkham Intelligence has identified the on-chain Bitcoin addresses of Elon Musk‘s companies, Tesla and SpaceX. In a Mar. 7 social media post on X (formerly Twitter), Arkham disclosed that Tesla possesses 11,510 BTC, valued at $780 million, spread across 68 addresses. Additionally, SpaceX holds 8,290 BTC, equivalent to $560 million,…
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of…
What is CryptoSlate Alpha? A web3 membership designed to empower you with cutting-edge insights and knowledge, powered by Access Protocol. Learn more › Connected to Alpha Welcome! ???? You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. Important: You must lock a minimum of…
MicroStrategy’s MSTR shares surged by about 3% in pre-market trading following the company’s announcement to increase its convertible debt offering to $700 million, up from the initially planned $600 million. This uptick in stock performance maintains the ongoing positive trend observed in MSTR shares since the year began. According to…