Google boss expects to spend $75B on AI this year
Google CEO Sundar Pichai says his firm will spend about $75 billion on capital expenditures in 2025 — most of which is expected to head into AI projects.
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Amid FTX collapse, crypto funds see largest inflows in 14 weeks
The Bitcoin price briefly fell below $16,000 last week as Sam Bankman-Fried’s FTX Group filed for bankruptcy. 336 Total views 3 Total shares Inflows into cryptocurrency investment products rose sharply last week as institutional investors bought the dip amid the marketwide collapse triggered by FTX’s and Alameda Research’s bankruptcies. Digital asset investment products saw inflows totaling…
Japanese Taxation Committee Seeks to Simplify Cryptocurrency Tax Reporting
A Japanese taxation policy committee held a debate with the aim of simplifying cryptocurrency tax Wednesday, Oct. 17, Japanese daily news outlet Sankei News reports.Highlighting the complex tax filing regime currently in place for Japanese citizens, officials from the committee — which advises the government on policy — said there was a need to adjust…
The decoupling manifesto: Mapping the next phase of the crypto journey
A new financial system; a more democratized, even more inclusive, financial sector; the future of the internet — the crypto ecosystem has been described as all of these things. However, as is evidenced by digital assets’ inherent correlation with the Nasdaq 100, most people fail to conceptualize blockchain as anything other than an extension of…
Leaked bids: Binance, Galaxy Digital among secret bidders for Celsius assets
At least five firms placed bids on Celsius Network’s crypto assets, including Binance, Bank To The Future and Galaxy Digital, according to leaked information shared by crypto blogger Tiffany Fong. Fong, a follower of Celsius developments who shot to fame after several exclusive interviews with Sam Bankman-Fried following its collapse, has leaked information from documents she…
‘Agent of an anti-crypto agenda’ — Community slams Gensler over Kraken crackdown
Members of the crypto community are seemingly outraged over the recent charges laid against crypto exchange Kraken in relation to its staking-as-a-service program in the United States. On Feb. 9, the United States Securities Exchange Commission (SEC) announced it had settled charges with Kraken over “failing to register the offer and sale of their crypto asset…
New Research Shows Bitcoin-Denominated Payments Still a ‘Fantasy’
A growing precision in the amount of decimals for Bitcoin (BTC) points to decreasing usage as a unit of account. This is one of the conclusions of a Jan. 27 report by BitMEX Research, which analyzed transaction outputs for the past decade.The report evaluated a total of 1.3 billion outputs, amounting to 5.4 billion BTC…
Euroclear makes first Asia investment with Marketnode stake
The major European securities settlement firm has found an Asian platform for its FundPlace offering.
Altcoins need ‘substantial bull market’ to avoid VC funding drought: Analyst
A “substantial bull market” is needed to avoid VC funds drying up after too much money was allocated to funds “clearly underperforming benchmarks,” a crypto analyst says.