[ad_1] Genesis Global Trading (GGT) will close down its cryptocurrency spot trading service on Sept. 18, according to press reports. GGT is affiliated with the Digital Currency Group (DCG), but it was not affected when the parent company’s crypto lender, Genesis Global Capital, declared bankruptcy in January. The GGT trading shutdown is voluntary, Bloomberg reported, quoting a company spokesman as saying:“This decision was made voluntarily and for business reasons. We are
[ad_1] A report released by London-based investment migration consultancy firm Henley & Partners suggests there were more than 40,000 crypto millionaires in the world holding Bitcoin (BTC). According to the ‘Crypto Wealth Report’ published on Sept. 5, Henley & Partners said there were roughly 88,200 millionaires worldwide with crypto holdings, with 40,500 holding BTC. The report suggested that of 182 individuals who held more than $100 million worth of crypto, 78
[ad_1] Ether's price surged by 31.3% from March 10 to March 18, coinciding with the Federal Reserve’s injection of $300 billion to address the insolvency of Silicon Valley Bank. Since then, Ether’s (ETH) price has consistently maintained a daily closing price above $1,600. However, investors are now casting doubt on Ether’s ability to sustain this support level, given the prevailing bearish sentiment in the cryptocurrency space and declining metrics on the Ethereum network.Over the
[ad_1] A multidisciplinary research team from the University of Oxford recently developed a GPU-accelerated limit order book (LOB) simulator called JAX-LOB, the first of its kind. JAX is a tool for training high-performance machine learning systems developed by Google. In the context of a LOB simulator, it allows artificial intelligence models to train directly on financial data. The Oxford research team created a novel method by which JAX could be used
[ad_1] Bitcoin (BTC) tried to break out of its range last week, but the bulls could not sustain the higher levels. Bitcoin is back inside the range and is trading near the $26,000 level. The price action of the past few days has formed two successive Doji candlestick patterns on the weekly chart, indicating uncertainty about the next directional move.Although it is difficult to predict the direction of the breakout,
[ad_1] The Regulated Liability Network (RLN) has completed its United Kingdom discovery phase and is prepared to proceed to a use case with retail central bank digital currency (CBDC), according to its latest report. The RLN project seeks to accommodate central bank, commercial bank and regulated non-bank transactions operating within “partitions” on a single network.The RLN is a regulated financial marketplace infrastructure in the U.K. with contributors from financial institutions
[ad_1] Cryptocurrency wallet MetaMask has announced the launch of a feature allowing users to sell Ether (ETH) for fiat currency.In a Sept. 5 post on X — formerly Twitter — MetaMask said users with crypto wallets connected to the platform’s Portfolio decentralized application would be able to cash out ETH and send fiat to their bank accounts in the United States, United Kingdom, and parts of Europe. MetaMask said the
[ad_1] A plurality of experts believe the United States should create a new federal agency dedicated to artificial intelligence governance, according to a survey conducted by Axios, Generation Lab, and Syracuse University.The survey polled 215 computer science professors across 65 of the most prestigious universities in the U.S. on topics related to AI. we polled 213 computer science professors on A.I.w/ @axios + @SyracuseU pic.twitter.com/mEDFabWkZy— The Generation Lab (@Generation_Lab) September
[ad_1] Bitcoin (BTC) could have dropped much more last week after one on-chain metric repeated its move from the FTX crash.As noted on Sep. 5 by James Straten, research and data analyst at crypto insights firm CryptoSlate, the SLRV Ratio has “flipped” for the first time since November 2022.Bitcoin SLRV Ratio channels FTX warningBTC price weakness is getting market observers ready for a drop toward $23,000, but the fallout from
[ad_1] Circle’s USD Coin (USDC) has launched natively on both Base and Optimism networks, allowing Circle account holders to send USDC stablecoin from their accounts to Base or Optimism. Coinbase has also made USDC transfers to Base available, according to a Sept. 5 social media post. Circle claimed that it is working with “ecosystem partners” to develop a system for users to swap old, bridged versions of USDC for the
