BitsCrunch Acquires Nidum AI to Establish a Decentralized AI Compute Network
Blockchain Firm Expands AI Capabilities Through Strategic Acquisition Blockchain analytics company bitsCrunch has announced the acquisition of Nidum AI, a decentralized AI computing platform, in a move aimed at building a global network of high-performance AI compute nodes. The acquisition, revealed on Wednesday, marks a significant step toward enhancing AI-driven
Ripple Supports Launch of Crypto Nonprofit with $50M Grant
Blockchain Firm Continues Legal Battle with SEC as CEO Prepares for White House Summit Ripple Labs has announced its involvement in launching a nonprofit organization dedicated to educating the public on cryptocurrency and its impact on businesses and individuals. The firm will provide a $50 million grant to fund the
Ripple CTO Defends XRP Sales Amid Investor Concerns
David “JoelKatz” Schwartz, the Chief Technology Officer (CTO) of Ripple, has defended the company’s right to sell XRP, stating that Ripple will always act in its own interest. His comments came in response to criticism that Ripple’s ongoing sales of XRP could negatively impact investors. “Ripple can, will, and should
A new standard for the accounting and disclosure of cryptocurrency assets is adopted by the FASB.
The Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) to address the accounting for and disclosure of crypto assets. The ASU’s amendments improved the accounting for certain crypto assets by requiring entities to measure them at fair value and recognize fair value changes in net income each
Analysts Discuss Dogecoin’s Possible Rise as It Aims toward $1
Over the past year, Dogecoin (DOGE) has shown significant growth potential. Some experts predict that Dogecoin’s price could increase by 10,000%, potentially reaching $1 or more. Historical trends and new developments are fueling hopes for another major rally. What do experts, including Ali Martinez, say about DOGE and its future?
Crypto Market Plunges $300 Billion as Trump’s Tariffs Shake Investors
The crypto market faced a brutal crash, shedding over $300 billion in value following Donald Trump’s sweeping tariffs on China, Mexico, and Canada. Bitcoin (BTC) nosedived nearly 10%, while major altcoins such as Ethereum (ETH), Solana (SOL), and XRP recorded double-digit losses. The sudden downturn comes just a day after
Bybit Hack: $1.4B Heist Still Under Investigation as Funds Remain Traceable
Bybit CEO Ben Zhou has provided a crucial update on the largest crypto hack in history, detailing the movement of the stolen $1.4 billion. While 77% of the funds remain traceable, 20% have gone dark, and 3% have been frozen. Stolen Funds Converted to Bitcoin Zhou revealed that 83% of
Coinbase Files FOIA to Uncover SEC’s Crypto Enforcement Costs
Crypto Exchange Seeks Transparency Over Regulatory Spending Coinbase has filed a Freedom of Information Act (FOIA) request to determine how much the US Securities and Exchange Commission (SEC) spent on enforcement actions against cryptocurrency firms. Paul Grewal, Coinbase’s chief legal officer, announced the move on 3 March via X, stating
Bitcoin Surges as Trump Unveils U.S. Crypto Reserve Plans
Bitcoin and the broader crypto market experienced a major rally over the weekend after U.S. President Donald Trump announced the creation of a strategic crypto reserve. This policy shift boosted investor confidence, pushing Bitcoin to new highs and lifting altcoins alongside it. Bitcoin Soars Past $93,000 Bitcoin surged nearly $14,000
Trump Names XRP, SOL, ADA in U.S. Crypto Reserve, Excludes Bitcoin
U.S. President Donald Trump revealed plans for a U.S. Crypto Reserve, naming XRP, Solana (SOL), and Cardano (ADA) as key assets. The decision, shared on his Truth Social platform, aims to strengthen the U.S. crypto industry and counter past regulatory crackdowns. Notably, Bitcoin (BTC) and Ethereum (ETH)—the two largest cryptocurrencies—were
