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One of the class-action lawsuits filed against the cryptocurrency-friendly Silvergate Bank in California is calling for claimants with ties to FTX or Alameda Research accounts.A group of investors asked Silvergate users who deposited fiat “into an FTX- or Alameda-related account” from 2019 to 2022 to submit claims for a settlement filed in the US District Court for the Southern District of California. According to the lawsuit, investors have until Jan. 30 to opt out or file a claim as part of a $10 million settlement that “resolves a lawsuit over whether Silvergate Bank, Silvergate Capital Corporation, and Alan J. Lane…
Michael Saylor’s firm Strategy continues to make Bitcoin headlines with its enormous purchases, making it one of the largest holders in the world. Related Reading Reports show the company owns 671,268 Bitcoin, roughly 3.2% of the total supply, valued at about $58.61 billion at the time of publication, according to Saylor Tracker. Bitcoin entrepreneur Anthony Pompliano said on his podcast that it would be extremely difficult for any other public company to match Strategy’s buying pace. Massive Holdings And Recent Purchase Strategy announced a fresh buy of 10,645 Bitcoin for $980.3 million, paying an average of $92,098 per coin. That…
Zoom Video Communications, the company best known for keeping remote workers connected during the pandemic, announced last week that it had achieved the highest score ever recorded on one of artificial intelligence's most demanding tests — a claim that sent ripples of surprise, skepticism, and genuine curiosity through the technology industry.The San Jose-based company said its AI system scored 48.1 percent on the Humanity's Last Exam, a benchmark designed by subject-matter experts worldwide to stump even the most advanced AI models. That result edges out Google's Gemini 3 Pro, which held the previous record at 45.8 percent."Zoom has achieved a…
A renowned Bitcoin analyst has shared his thoughts on why BTC is struggling to maintain an upward trajectory. Bitcoin selling pressure is still outweighing demand and buying pressure as the bears are keeping markets suppressed. “Why is Bitcoin not pumping?” asked analyst and Stock-to-Flow model founder PlanB on Wednesday. He said that 50% is selling by “OGs traumatized by 2021, technical investors looking at RSI [relative strength index], and four-year cycle fans expecting a bear market two years after the halving.” The other 50% is buying from investors looking at fundamentals, institutional, TradFi, and banks. It is an “epic battle ……
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure According to a post by former Canaan (a Chinese tech company) executive Jianping Kong, Bitcoin’s estimated hashrate fell roughly 10% in a single day, sliding from about 1,053 TH/s to just under 943 TH/s. Kong said the decline equated to roughly 100 TH/s to 110 TH/s lost since Sunday and blamed the change on mining farms in China’s Xinjiang region shutting down. He wrote that “at least 400,000 machines” were taken offline, using an assumed rate of 250 TH/s per ASIC as his basis. China Mining Instability…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Federal Deposit Insurance Corporation (FDIC) has announced a new framework that outlines how banks can apply to issue payment stablecoins through subsidiaries as part of the implementation of the country’s stablecoin bill, the GENIUS Act. FDIC’s First Move On GENIUS Act In a statement, Acting Chair Travis Hill emphasized that the proposed process is tailored to allow the FDIC to thoroughly evaluate the safety and soundness of applications from banks seeking to enter the stablecoin market. According to a summary from FDIC staff, banks wishing to…
Metamask, the popular Ethereum and DeFi wallet, announces Bitcoin integration as the company continues its expansion into multiple chains other than Ethereum. The wallet boasts 143 million downloads and over 30 million monthly active users, making it one of the most popular crypto wallets in the world.Developed by Consensys, an Ethereum-born software development arm, Metamask has become a beast of its own, achieving massive success and adoption in the crypto industry. Having operated for over a decade, Metamask defined the user experience of in-browser wallets, copied by many of its competitors. Up until recently, Metamask was an Ethereum-only wallet, focusing…
Key points:Bitcoin attempted a recovery on Monday, but renewed selling pressure threatened to pull the price to $84,000.Several altcoins were attempting to hold above their support levels, but the bounce lacked strength.Bitcoin (BTC) attempted a recovery on Monday, but the bears continued to exert pressure. Trader CrypNuevo said in a thread on X that BTC could range from $80,000 to $99,000, and a break below $80,000 may sink the price to $73,000.On similar lines, analyst Aksel Kibar said BTC could start a directional move soon, following the “extreme low volatility setup.” On the upside, Kibar expects a move to $100,000…
The world’s largest Ethereum treasury company shows no signs of fear or doubt as it continues to aggressively accumulate the asset. Retail traders may be panic-selling Ether today, but Tom Lee’s BitMine Immersion Technologies remains bullish. The company reported on Monday that it had accumulated 102,259 ETH worth more than $300 million over the past week. “Tom Lee still has $1 billion in cash. Will he keep buying the dip?” asked Arkham Intelligence Lee Remains Bullish on Ether “Crypto prices have stabilized in the past week, further evidence that crypto prices have begun to recover after the price shock of October…
As the company that kick-started the cloud computing revolution, Amazon is one of the world’s biggest companies whose practices in all things technological can be regarded as a blueprint for implementing new technology.This article looks at some of the ways that the company is deploying AI in its operations.Amazon’s latest AI strategy has progressed from basic chatbots to agentic AI: systems that can plan and execute multi-step work using different tools and across processes. As a company, Amazon sits at the intersection of cloud infrastructure (in the form of AWS), logistics, retail, and customer service, all of which are areas…
