AVAXAI Builds First Deepseek Powered DeFAI Product
[PRESS RELEASE – Kingstown, Saint Vincent and the Grenadines, February 3rd, 2025] The rise of artificial intelligence (AI) has led to notable advancements, with rapid advancements in AI models – such as Deepseek – driving innovation across industries, improving automation, decision-making, and predictive analytics. In parallel, Web3 continues to redefine ownership and finance through decentralization, making…
Read MoreHIVE Digital Buys Bitfarms’ Paraguay BTC Mine for $56M
HIVE Digital has finalized the acquisition of Bitfarms’ partially completed 200-megawatt Bitcoin mining facility in Yguazú, Paraguay, for $56 million. The deal includes an upfront payment of $25 million due at closing in the first quarter of 2025, with the remaining $31 million to be paid in six equal monthly installments. The $56 Million Purchase…
Read MoreForbes Ranks CME Group, Coinbase, and Bitstamp as Top Crypto Exchanges of 2024
Forbes has released its third annual “Best Crypto Exchange” ranking, evaluating over 200 firms based on security, trading volume, fees, regulatory compliance, and transparency. CME Group, Coinbase, and Bitstamp emerged as the top three most trustworthy crypto exchanges. The Top 5 Exchanges Chicago-based CME Group, an $85 billion firm with a long history in futures…
Read MoreVitalik Buterin Rejects Bitcoin Allocation Rule, Stays Committed to Ethereum
Ethereum co-founder Vitalik Buterin has addressed a claim by crypto analyst Udi Wertheimer, who suggested that every investor should allocate at least 10% of their portfolio to Bitcoin. Buterin disagreed, revealing that his Bitcoin stash is below this threshold, but added that he holds less than 10% in any asset outside of Ethereum. His remarks…
Read MoreThe State of Crypto Options Markets After the Recent Sell-Off (Report)
The beginning of this week was a bit cranky for the financial market, with sharp declines across major stock indexes and digital assets amid the launch of DeepSeek’s artificial intelligence (AI) model. Despite the volatility that came with the sell-off, open interest in perpetual swaps for Bitcoin and other leading cryptocurrencies remained stable, while funding…
Read MoreCrypto Markets Shed $150B as Trump's Trade War Hits China, Canada, Mexico (Weekend Watch)
Bitcoin and most altcoins have turned red in the past 12 hours or so, with BTC dumping below the coveted $100,000 line and many alts posting substantial losses. This came after US President Trump signed orders to impose harsh tariffs on imports from China, Mexico, and Canada. BTC Below $100K Bitcoin’s business week started with…
Read MoreWhy Did Ripple's (XRP) Price Tumble by 8% Daily?
TL:DR; The entire crypto market turned red on Sunday morning, but some altcoins were hit harder than others. XRP’s price decline came just hours after a warning by a popular analyst that whales have started to sell off their holdings. XRPUSD. Source: TradingView The third-largest cryptocurrency failed to go into uncharted territory a few weeks…
Read MoreNew Jersey Man Convicted in Fentanyl Trafficking and Money Laundering Crypto Scheme
A New Jersey jury has convicted a man for his role in a drug trafficking and money laundering operation that used wire transfers and cryptocurrency to move illicit funds. The scheme, which prosecutors in the case say ran for six years, involved importing and distributing fentanyl-related substances. Crypto-Fueled Drug Network The federal jury found William…
Read MoreAfter a Historic January, What’s in Store for Bitcoin in February?
Although the previous month (and the start of the new year) began on the wrong foot, with BTC standing firmly within fix-digit price territory, the asset managed to turn it around and charted a new all-time high a couple of weeks back. All eyes have now turned to February, which is historically a highly profitable…
Read MoreEthereum Price Analysis: ETH Risks Falling Below $3K After Recent Rejection
Ethereum experienced a surge this week, briefly breaking above a key resistance region. However, it lacked sufficient momentum, appearing to be a false breakout. If ETH faces a more profound rejection at current levels, lower prices could follow. Technical Analysis By Shayan The Daily Chart Ethereum saw a strong push from buyers at the $3K…
Read More