Société Générale (SocGen), France’s third-largest listed bank, made its foray into blockchain-based financial solutions by issuing its first digital green bond — amounting to €10 million — on a public blockchain, as per a Dec. 4 press release. Following the European Investment Bank’s (EIB) recent digital bond launch on a private blockchain, the French lender’s […]
Meta's AI boss says there’s an ‘AI war’ underway and Nvidia is ‘supplying the weapons’
The outspoken executive also said that Meta isn’t pursuing quantum computing because it isn’t currently useful. Meta AI boss Yann LeCun sounded off on the industry-wide state of artificial intelligence and quantum computing during a recent event to celebrate the 10 year anniversary of the founding of Meta’s Fundamental Artificial Intelligence Research (FAIR) team. During […]
Price analysis 12/4: SPX, DXY, BTC, ETH, BNB, XRP, SOL, ADA, DOGE, LINK
Altcoins show compelling technical setups after Bitcoin price blew past $42,000 on December 4. Bitcoin (BTC) and Ether (ETH) surged above their respective overhead resistance levels on Dec. Cryptocurrency exchange Bybit said in its 4th quarter report that institutional traders held 35% of their assets in Bitcoin, 15% in Ether and a large portion kept 45% […]
El Salvador Triumphs in Bitcoin Bet — President Nayib Bukele Announces $3.6 Million Profit
El Salvador’s head of state, Nayib Bukele, recently announced that the nation’s bitcoin investment has turned profitable, rebounding from a prolonged period of losses experienced during the majority of last year’s crypto winter. Bukele revealed that the value of the country’s cryptocurrency holdings has risen by $3.6 million, based on current bitcoin exchange rates. El […]
Nearly $1.5B in Bitcoin profits pocketed by short-term holders; long-time holders stay patient
Quick Take Bitcoin recorded a 7% gain, culminating in a year-to-date peak of $38,800 by Dec. 1. This milestone ignited the most considerable profit realization from short-term holders seen in recent times since November 2021. Short-term holders, defined as those who keep Bitcoin for less than 155 days, recorded approximate profits of $1.5 billion. Short-term […]
Bitcoin miner Riot Platforms gears up for halving with strategic $290M hardware investment
Texas-based Bitcoin (BTC) miner Riot Platforms secured its largest-ever order of hash rate through the acquisition of 66,560 units of BTC miners, representing 18 EH/s, from MicroBT for $290.5 million, according to a Dec. 4 statement. Riot furthered that it also obtained options to acquire 265,000 additional miners from MicroBT, which would add up to […]
Ethereum Faces Rejection As Bulls Liquidate $3.5 Million In Positions! Is ETH Price Set For A Correction?
The post Ethereum Faces Rejection As Bulls Liquidate $3.5 Million In Positions! Is ETH Price Set For A Correction? appeared first on Coinpedia Fintech News In the past several hours, Bitcoin and Ethereum experienced a downturn following their recent highs at approximately $42,000 and $2,300. Analysis of on-chain data indicates that short-term investors are taking […]
An Ocean Launch Post-mortem
Well, let’s just say the launch of Ocean from the social perspective was anything but smooth. The decision to filter out transactions conducting inscriptions should have been communicated clearly on launch day, instead speculation lead to a chaotic shitshow on Twitter. People were screaming about inscription censorship, while at the same time inscription transactions were […]
Trust the best strategy in crypto bear market — Trust Wallet CEO
Cointelegraph sat down with Trust Wallet CEO Eowyn Chen to talk about how Web3 can become a better experience for everyone. Bringing the global crypto and blockchain communities together in Istanbul, Turkey, the Binance Blockchain Week 2023 was a clear indicator that the Web3 ecosystem continues to grow regardless of price movements. Despite being a […]
Bybit sees BTC, ETH ‘flight’ of institutional investors to stablecoins, but not for long
Cryptocurrency exchange Bybit has released its latest quarterly report, revealing the trading and holding trends of its institutional traders heavy in positive Bitcoin sentiment. The cryptocurrency exchange Bybit released its fourth quarter report on Dec. The report found that institutional traders had some 45% of their assets in stablecoins, with the remaining split 35% in […]