The company reportedly intends to charge a much higher-than-average premium for ad space in its AI-powered search engine. Artificial intelligence firm Perplexity AI has come under public scrutiny amid its reported plans to place ads in its AI-powered search engine. While many view this as the natural progression for the generative AI industry, at least…
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The total value locked on Solana surged but is this enough to send SOL price to a new all-time high? Solana’s native token, SOL , has been unable to break above the $150 resistance level since Aug. 12. However, some network metrics have shown strength, including the total deposits in its decentralized applications, which have surged…
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The most recent seizure of $5 million USDT from pig-butchering scams marks a “significant victory” in the ongoing fight against cyber fraud, according to Tether. Stablecoin issuer Tether has helped over 145 law enforcement agencies recover more than $108.8 million USDT linked to illegal activities since its launch in 2014, according to a recent statement.…
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Bitcoin demand among United States investors surged after the Federal Reserve confirmed its intentions to lower interest rates. Bitcoin buyer interest in the United States hit a 39-day high following the US Federal Reserve further confirming that interest rates were due to fall, according to recent data. “Bitcoin demand in the US spiked today as…
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The actual sale amount was not disclosed, leading community members to speculate that the NFT was sold at a loss. The most expensive piece from the CryptoPunks non-fungible token (NFT) collection was transferred for an undisclosed amount as interest in digital collectibles wanes. In 2022, NFT investor Deepak Thapliyal acquired CryptoPunk #5822, a rare alien…
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Institutional spot Bitcoin ETF outflows and lowered Bitcoin miner profitability could be driving the current price drop Bitcoin gained 4.3% between Aug. 16 and Aug. 18 but reversed this gain after failing to sustain levels above $60,000. The price corrected to $58,500 while the S&P 500 index futures and gold approached their all-time highs on Aug.…
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One legal expert says if the class action lawsuit progresses, it could put the “efficacy of blockchain analytics itself” on trial. Binance and its former CEO Changpeng Zhao (CZ) are facing a new class action lawsuit from three crypto investors who say they couldn’t recover their stolen assets because the exchange failed to prevent money…
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The TON ecosystem has seen a significant influx of new users amid promising new projects appearing on the blockchain. The most talked about topic in crypto in recent months has been the proliferation of The Open Network (TON) blockchain and its native token, Toncoin. Initially developed in 2018 by the eponymous encrypted messaging app, TON…
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Google allegedly dragged its feet when taking down a crypto scam app, allowing the app to do over $5 million in damage, according to a proposed lawsuit. Google took months to pull crypto scam app, lawsuit says Google took three months to remove a scam crypto app that stole $5 million and targeted at least…
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Despite Bitcoin dropping 21% from its all-time high, the majority of Bitcoin held in wallets hasn’t been sold or moved for the last six months. Around three-quarters of all circulating Bitcoin hasn’t been moved for the past six months or more, according to onchain data. The findings come from Glassnode’s Hodl Wave chart, which uses…
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