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Curious stories and rumors, stock markets, AI, economy. All alternative developments in one place.

King Dollar Stays Strong Despite Yuan’s Challenge and Global Shifts

The US dollar, often referred to as “King Dollar,” continues to hold its position as the dominant global currency, despite various challenges.

19.10.2024 8:00 1 min. read Alexander Zdravkov

DWF Labs Forms Partnership with Neiro on Ethereum

DWF Labs, a key player in the cryptocurrency market known for its strategic investments, is ramping up its focus on altcoins and forging new partnerships.

19.10.2024 12:00 1 min. read Alexander Zdravkov

U.S. Treasury Uses AI to Combat Fraud, Recovering $4 Billion

The U.S. Treasury Department is intensifying its fight against rising financial crimes, including money laundering and tax evasion, which often involve complex schemes that require sifting through extensive transaction data.

18.10.2024 20:30 2 min. read Alexander Zdravkov

Telegram Users Embrace NFTs as Activity Soars 400% in Previous Quarter

With the rise of Web3 interactions, Telegram users are increasingly embracing non-fungible tokens (NFTs) on the platform.

18.10.2024 20:00 1 min. read Kosta Gushterov

Craig Wright’s New Legal Challenge Targets Bitcoin Core Developers Again

Craig Wright, whose claim to be Bitcoin’s creator, Satoshi Nakamoto, was rejected by a UK High Court, is suing Bitcoin Core developers again.

18.10.2024 18:30 1 min. read Alexander Zdravkov

UAE Central Bank Grants Initial Approval for Dirham-Pegged Stablecoin

The UAE’s Central Bank has taken a significant step by granting initial approval to AED Stablecoin, setting it up to potentially be the first officially regulated dirham-pegged stablecoin in the region.

18.10.2024 18:00 1 min. read Alexander Zdravkov

Bank of America Sees Gold as Top Safe Haven Amid Fiscal Uncertainty

Bank of America is spotlighting gold as a preferred safe haven over bonds, citing rising global fiscal uncertainties.

18.10.2024 14:00 2 min. read Alexander Stefanov

MoonPay Expands Payment Options with Venmo Integration for Crypto Purchases

MoonPay has introduced a new payment option for U.S. customers by adding Venmo as a way to fund accounts, making it easier to purchase cryptocurrencies.

18.10.2024 15:30 1 min. read Alexander Zdravkov

Here is What You Should Know About Hamster Kombat’s New Season

Hamster Kombat, the popular clicker game on Telegram, is set to introduce a new storyline for its second season, allowing players to assume the role of business owners.

18.10.2024 11:30 1 min. read Alexander Zdravkov

Worldcoin Rebrands as ‘World,’ Teases Potential ChatGPT Integration

Worldcoin’s co-founder, Alex Blania, recently hinted at the possibility of integrating the cryptocurrency into ChatGPT in the future.

18.10.2024 12:30 1 min. read Alexander Zdravkov

Ripple Collaborates with Former PayPal Exec

Former CFO for PayPal’s Digital Currencies division, is collaborating with Ripple to establish an eco-friendly blockchain venture.

18.10.2024 12:00 1 min. read Alexander Stefanov

Goldman Sachs Anticipates Fed Rate Cuts, Raising Questions for Crypto Investors

As inflation in the U.S. approaches the Federal Reserve’s target of 2%, the Fed implemented its first rate cut in September, reducing rates by 50 basis points.

18.10.2024 9:30 1 min. read Alexander Stefanov

Confusion Surrounds SEC Appeal Deadline in Ripple Case

The XRP community is currently grappling with confusion surrounding the appeal deadline in the ongoing Ripple versus SEC case.

18.10.2024 8:30 2 min. read Alexander Zdravkov

Google to Harness Small Modular Reactors for Clean Energy in Crypto Mining

The nuclear sector is increasingly turning to small modular reactors (SMRs) as a viable solution for on-site power generation.

17.10.2024 20:30 1 min. read Alexander Stefanov

Bitcoin Activity Surges in U.S. After ETF Launch, But Stablecoin Adoption Declines

A recent Chainalysis report released on October 17 reveals that Bitcoin activity in the United States has surged following the introduction of spot BTC ETFs.

17.10.2024 20:00 1 min. read Alexander Zdravkov

Blockchain and Crypto Pave the Way for a More Accessible Future in AI

The a16z report highlights the crypto sector’s pivotal role in tackling challenges within artificial intelligence (AI), particularly as AI development becomes increasingly costly and centralized.

17.10.2024 22:00 1 min. read Alexander Stefanov

Digital Assets Gain Traction as 76% of Asia’s Wealthy Diversify Portfolios

A significant shift is occurring in Asia, where 76% of private wealth is now invested in digital assets, reflecting increased confidence in their long-term potential despite market volatility.

17.10.2024 19:30 2 min. read Alexander Zdravkov

Top Thai Bank Launches 24/7 Stablecoin Remittance Services

Siam Commercial Bank (SCB), Thailand’s oldest bank, is set to launch stablecoin-based cross-border payment and remittance services in partnership with fintech company Lightnet.

17.10.2024 13:30 1 min. read Alexander Stefanov

Is Elizabeth Warren Softening Her Stance on Cryptocurrency Regulation?

U.S. Senator Elizabeth Warren has shown signs of moderating her previously strict stance on cryptocurrency.

16.10.2024 19:00 2 min. read Kosta Gushterov

Tech Titans Set to Battle for $4 Trillion Valuation as U.S. Stock Market Soars

The U.S. stock market has shown remarkable resilience in 2024, with the S&P 500 rising by 22.76% year-to-date, even amid rising concerns about various risks.

17.10.2024 11:30 2 min. read Alexander Zdravkov

Zodia Custody Transforms Asset Management with New Unified Wallets

Zodia Custody, backed by Standard Chartered, has introduced Unified Wallets, a new solution designed to enhance efficiency for institutional clients.

17.10.2024 13:00 1 min. read Alexander Stefanov

Fed’s Influence Fades as Central Banks Pursue Local Economic Priorities

The days of global central banks closely mirroring the Federal Reserve’s moves are behind us.

17.10.2024 9:30 2 min. read Kosta Gushterov

Recession Fears Ease as Investors Bet on Soft Landing, but Caution Remains

In 2024, fears of a looming recession have been a key issue for investors, but those worries are now waning.

17.10.2024 8:00 2 min. read Alexander Zdravkov

Shiba Inu to Revolutionize Financial Infrastructure With New Partnership

The head of marketing for Shiba Inu, known as “Lucie,” announced a significant partnership with Mass Finance Inc. in a recent update on X.

16.10.2024 22:00 1 min. read Alexander Zdravkov

Top U.S. Banks Expect Another Rate Cut by the End of the Year

Analysts from two of the largest U.S. banks foresee an imminent interest rate cut from the Federal Reserve.

17.10.2024 9:00 1 min. read Alexander Zdravkov

Telegram Will be Vital for Web3 Projects Growth, Says Animoca CEO

Robby Yung, CEO of Animoca Brands, predicts that all Web3 projects will soon incorporate Telegram features, driven by the platform’s surge in gaming popularity, with titles like Hamster Kombat attracting over 300 million users.

16.10.2024 21:30 1 min. read Alexander Stefanov

Sui Denies $400 Million Sell-Off Rumors Amid Market Concerns

Amid allegations of insider trading, the Sui project is addressing concerns that $400 million worth of SUI tokens have been sold off.

16.10.2024 20:30 1 min. read Alexander Zdravkov

Gaming Studio Secures $42.7 Million to Boost Mobile RPG Development and AI Research

An american gaming studio, Azra Games, has secured $42.7 million in a recent funding round aimed at enhancing its mobile RPG development.

16.10.2024 18:00 2 min. read Alexander Zdravkov

U.S. Bankruptcy Filings Surge to Highest Rate Since Pandemic

Bankruptcy filings among U.S. companies have reached a 14-year high, with over 500 cases recorded this year, excluding the pandemic’s impact.

16.10.2024 14:00 2 min. read Kosta Gushterov

Here’s What is Fueling the Current Market Resilience, According to Fundstrat’s Tom Lee

Tom Lee from Fundstrat believes the markets are benefiting from a substantial $6 trillion that has been sitting on the sidelines.

16.10.2024 14:30 1 min. read Alexander Zdravkov

MicroStrategy’s Bold Bitcoin Strategy Powers 1,620% Stock Surge

MicroStrategy has emerged as a top performer in the S&P 500, largely driven by its aggressive Bitcoin investment strategy.

16.10.2024 16:00 1 min. read Alexander Zdravkov

How Did Trump’s WLFI Token Launch Unfold on Its First Day?

Donald Trump’s debut in the cryptocurrency arena with the World Liberty Financial (WLFI) token faced significant challenges during its launch on October 15.

16.10.2024 12:30 2 min. read Kosta Gushterov

Key Drivers Behind the Crypto Market’s Rapid Growth

A new joint report from Coinbase and Glassnode highlights the rapid evolution of the cryptocurrency market.

16.10.2024 9:30 2 min. read Kosta Gushterov

Experts Warn TikTok May Function as an Unregulated Crypto Exchange

A compliance expert has alerted the UK’s Financial Conduct Authority (FCA) that TikTok’s virtual currency system may be operating as a crypto exchange without proper registration.

16.10.2024 8:30 1 min. read Kosta Gushterov

Blockstream Secures $210 Million Funding to Advance Bitcoin Layer 2 Technologies

Following recent excitement about Blockstream and CEO Adam Back’s appearance in an HBO documentary, the bitcoin infrastructure company has announced it raised $210 million through a convertible note financing round, led by Fulgur Ventures.

16.10.2024 11:30 1 min. read Alexander Stefanov

Mixed Signals from Fed Stir Crypto Market, Bitcoin Leads Gains

The crypto market is seeing varied price movements as traders react to mixed signals from the Federal Reserve and await key economic data.

15.10.2024 19:30 1 min. read Kosta Gushterov

Is Bitcoin Becoming the New Gold? BlackRock’s Larry Fink Thinks So

Larry Fink, CEO of BlackRock, is convinced that Bitcoin is on its way to becoming an asset class in its own right.

15.10.2024 18:30 2 min. read Kosta Gushterov

Metaplanet’s Aggressive Bitcoin Acquisition Strategy Drives Stock Growth

In a bold move reflecting its aggressive investment strategy, Metaplanet, often compared to MicroStrategy, has significantly expanded its Bitcoin portfolio this October.

15.10.2024 14:30 1 min. read Alexander Zdravkov

IMF Predicts Global Debt Will Reach $100 Trillion Amid Rising U.S. and China Spending

The International Monetary Fund (IMF) forecasts that global public debt will reach $100 trillion by year-end, equating to about 93% of total GDP, primarily driven by excessive spending from the U.S. and China.

15.10.2024 15:00 1 min. read Kosta Gushterov

Top Crypto Projects and Key Factors That Could Boost the Market, According to Matt Hougan

Bitwise’s Matt Hougan recently pointed out some notable trends and growth in the crypto market.

15.10.2024 13:00 1 min. read Kosta Gushterov

UAE to Create its Own Stablecoin Linked to the Dirham

While Tether remains on the sidelines, AED Stablecoin LLD is positioning itself as a leading contender to issue the first regulated stablecoin pegged to the dirham in the United Arab Emirates.

15.10.2024 12:30 1 min. read Alexander Zdravkov

Artificial Intelligence Poses New Challenges to Financial Stability, Says RBI

The Reserve Bank of India (RBI) has raised concerns about the potential risks posed by artificial intelligence (AI) in the financial sector, joining other global central banks in warning about its impact on financial stability.

15.10.2024 12:00 1 min. read Kosta Gushterov

Solana Sees Surge in Positive Sentiment Amid Apple Partnership Rumors

Solana is gaining significant attention in the cryptocurrency market as positive sentiment surrounding the digital asset has surged, reinforcing its status as a prominent player in the industry.

15.10.2024 10:30 2 min. read Kosta Gushterov

Majority of Crypto Investors Embrace This Strategy, Says Kraken Survey

A recent survey conducted by the cryptocurrency exchange Kraken reveals that a significant number of investors in the digital asset market are adopting a common investment strategy to gain exposure.

15.10.2024 11:00 2 min. read Alexander Stefanov

German Investment Firm Targets €30 Million to Boost Bitcoin Holdings

A German publicly traded investment firm is set to raise up to €30 million (about $32.8 million) through the issuance of senior secured Nordic bonds.

15.10.2024 10:00 2 min. read Alexander Stefanov

Tether Explores Lending Opportunities in Commodity Trading Sector

Tether, known for issuing the prominent stablecoin USDT, is reportedly negotiating with commodity trading firms to potentially lend billions in profits.

15.10.2024 9:30 2 min. read Alexander Stefanov

Robert Kiyosaki Issues Another Major Warning on the U.S. Dollar Instability

Robert Kiyosaki recently expressed concerns about the U.S. dollar’s stability, attributing its current state to decisions made decades ago.

15.10.2024 8:30 2 min. read Kosta Gushterov

Michael Saylor Offers Bitcoin Collection Idea to Cristiano Ronaldo

Michael Saylor, a prominent advocate for Bitcoin, has approached Cristiano Ronaldo with a proposal for a “Bitcoin collection.”

14.10.2024 20:00 1 min. read Kosta Gushterov

Can MicroStrategy’s Bitcoin Bet Propel It to a Trillion-Dollar Valuation?

MicroStrategy is setting out to reshape global finance with its bold focus on Bitcoin, aiming to carve out a unique position in the digital economy.

14.10.2024 15:00 2 min. read Kosta Gushterov

Regulators Claim Over $19 Billion in Crypto Settlements for 2024

In 2024, U.S. regulatory bodies have managed to secure more than $19 billion in settlements from cryptocurrency firms, representing a significant portion of all settlements recorded to date.

14.10.2024 10:00 1 min. read Alexander Zdravkov

Bored Ape Yacht Club NFT Sells for $1.43 Million as FTX Assets Resurface

The founder of Floor Protocol, operating under the alias FreeLunchCapital, has attracted attention after purchasing a Non-Fungible Token (NFT) linked to the Bored Ape Yacht Club (BAYC) for 588 ETH, equating to approximately $1.43 million.

13.10.2024 18:00 1 min. read Kosta Gushterov

EigenLayer Faces Criticism for Failing to Meet Investor Expectations

EigenLayer (EIGEN), a prominent blockchain protocol that focuses on restaking within the Ethereum ecosystem, has fallen short of investor expectations, according to Alex Obchakevich, founder of the Ukrainian-Austrian analytics firm Obchakevich Research.

13.10.2024 20:00 1 min. read Alexander Stefanov

U.S. Faces Nearly $1 Trillion in Interest Payments as National Debt Soars

The U.S. government recently allocated nearly $1 trillion just to cover the interest on its escalating national debt.

13.10.2024 9:00 1 min. read Alexander Stefanov

Self-Proclaimed Satoshi Launches New Lawsuit

Craig Wright, the renowned computer scientist who asserts he is Satoshi Nakamoto, founded Bitcoin SV in 2018, branding it as the genuine Bitcoin, with “SV” denoting “Satoshi Vision.”

13.10.2024 16:00 1 min. read Alexander Zdravkov

Nassim Taleb Warns of Fragile Markets and Cautions on AI Investment Hype

Nassim Nicolas Taleb, renowned for his influential books like The Black Swan, and Skin in the Game, recently shared his insights on financial markets and the future of AI companies from an investment perspective.

13.10.2024 10:00 1 min. read Kosta Gushterov

Ripple Chairman Makes Waves by Donating $1M in XRP to Kamala Harris Campaign

Chris Larsen, the Chairman of Ripple, has made a significant move by donating $1 million in XRP to support Kamala Harris in her presidential campaign.

12.10.2024 15:00 1 min. read Kosta Gushterov

Worldcoin and Dune Analytics Join Forces to Transform Blockchain Data Accessibility

Worldcoin (WLD) has revealed a collaboration with Dune Analytics to enhance transparency and data accessibility for its upcoming Layer-2 blockchain, World Chain.

12.10.2024 12:00 1 min. read Alexander Zdravkov

Arkham Intelligence Set to Launch New Crypto Derivatives Exchange

Arkham Intelligence, a crypto analytics platform, is reportedly preparing to launch its own derivatives exchange next month, aiming to compete with industry leader Binance.

12.10.2024 10:00 1 min. read Alexander Stefanov

Another Crypto Exchanges Announces Shutting Down

Another cryptocurrency exchange has announced it will be shutting down, with plans to halt all operations by November 30.

12.10.2024 9:00 1 min. read Kosta Gushterov

Elon Musk Unveils the RoboTaxi – Why is the Dogecoin Community Excited?

Dogecoin’s official X account recently shared a post with a photo of Elon Musk’s latest innovation, Robotaxi.

11.10.2024 22:00 1 min. read Kosta Gushterov