Bybit Launches AI-Powered Trading Tool TradeGPT

Bybit, a Dubai-based cryptocurrency exchange, has developed TradeGPT, an AI-powered education tool that uses ChatGPT’s large language model and Bybit’s inhouse ToolsGPT to provide real-time market analysis and answers to user questions in a variety of languages. Other exchanges such as Crypto.com, Binance, and OKX have also explored using ChatGPT to give users insights into […]

Australia Senate Committee Recommends Amendments to Cryptocurrency Bill

The Senate Committee on Economics Legislation in Australia has provided feedback to the cryptocurrency bill introduced by senator Andrew Bragg. The committee has asked for minor amendments to the bill, such as removing the term nonfungible tokens (NFTs) from the definition of regulated digital assets and excluding certain asset-based tokens from the definition of stablecoin. […]

SEC Chairman Jay Clayton: Spot Bitcoin ETF Inevitable in 45 Days

Jay Clayton, former Chairman of the US Securities and Exchange Commission (SEC), believes that the regulator will soon approve the launch of a spot Bitcoin exchange-traded fund (ETF). The SEC recently decided to delay the applications of BlackRock and other finance giants who wanted to introduce such a product. Clayton believes that the decision could […]

SEC Lawsuit Against Ripple Hinders XRP Adoption, Dogecoin Finds Unexpected Use in Payments

John E. Deaton, a lawyer, recently shared his insights on the negative impact of the ongoing SEC lawsuit against Ripple on the adoption of XRP. Deaton experienced this first-hand when he attempted to make a payment over the Internet and noticed that the payment processor BitPay, which initially had supported XRP, stopped processing XRP transactions […]

SEC Delays Decision on Spot Bitcoin ETFs as Futures ETFs Gain Regulatory Momentum

The SEC has been rejecting the simplest products like a Bitcoin ETF, pushing demand for crypto offshore and unregulated players. Richard Gardener, CEO of tech infrastructure firm Modulus, believes futures ETFs have long been seen as more palatable for regulators and that the decision over a spot ETF is a matter of when not if. […]

Bitcoin Inflows Counter Minor Crypto Market Cooldown

The digital asset market has experienced a minor cooling-off phase, with outflows totaling roughly US$11.2 million over the week. Despite this, Bitcoin emerged as a beacon with inflows totaling US$3.8 million. CoinShares’ Digital Asset Fund Flows Weekly report also displayed a notable increase in trading volumes, with volumes rising to US$2.8 billion for the week, […]

Ripple Transfers Millions of XRP to Crypto Exchange Ahead of Price Drop

Ripple Labs, a blockchain company based in San Francisco, recently transferred nearly 30 million XRP, amounting to $15,040,591 in value, to Bitstamp, a major cryptocurrency exchange. This appears to be a sale, as Whale Alert, a prominent blockchain tracker, identified multiple XRP transactions of similar magnitude during August. Despite a prior 4.73 percent increase since […]

Binance Urges Users to Switch to Alternative Stablecoins as BUSD Nears Demise

Binance USD (BUSD) has seen its market share rapidly decline this year after it was labeled securities by the U.S. Securities and Exchange Commission (SEC). This has caused its circulating supply to dwindle to under $3 billion from a peak exceeding $20 billion last year. In response, Binance has recommended its users convert their BUSD […]

Ron DeSantis Promises to Support Crypto Industry and Block CBDC Launch

Ron DeSantis, one of the US Presidential candidates, recently unveiled a “Declaration of Economic Independence”, outlining some of the biggest financial challenges that America currently faces. He pledged to let the cryptocurrency industry thrive and not allow the launch of a central bank digital currency (CBC). DeSantis has been one of the most vocal crypto […]