Latest US Debt Ceiling Proposal Strikes Out Unpopular Crypto Tax Bill

The recent US debt ceiling deal has struck out the previous crypto tax bill proposed by the Biden administration.  Congressman Warren Davidson has confirmed that the recent US debt ceiling deal blocks a potentially pivotal crypto tax bill proposed by the Biden administration. Davidson’s confirmation came as a response to a tweet by Bitcoin advocate and Riot Platforms research executive Pierre … Read more

Ripple’s XRP Experiences 8% Price Pump Following Latest Court Twist

Observers believe Wednesday’s XRP price pump indicates that Ripple has the upper hand in its ongoing litigation with the SEC.  Ripple native token XRP recently experienced an 8% price pump following a seemingly ‘favorable’ court ruling. The digital currency’s jump came after the presiding judge in the long-drawn-out Ripple vs SEC case denied a motion filed by … Read more

OpenAI Announces Latest Milestone in Deep Learning Scaling

OpenAI revealed that it has been using GPT-4 internally, functioning in sales, programming, support, and content moderation.  Shortly after launching the ChatGPT that got global attention, artificial intelligence company OpenAI released a multimodal AI dubbed GPT-4. The latest technology is a new image and text-understanding AI model, which the company refers to as “the latest milestone in … Read more

Treasury Yields Climb amid Latest Investor Interest Rate Outlook Assessment

The 2-year and 10-year Treasury yields rose Tuesday as investors pondered the next Fed interest rate hikes.  Treasury yields recently climbed amid investor interest rate assessment ahead of pivotal inflation data. On Tuesday, investors and analysts weighed the outlook for Federal Reserve interest rate hikes following Silicon Valley Bank’s collapse. By 5 am Eastern Time, the 10-year … Read more

Crypto Hedge Fund Galois Capital Is Latest Victim of FTX Collapse

As per reports, Galois Capital has nearly $100 million worth of funds stuck with the crypto exchange FTX. The contagion of FTX’s collapse last year in November 2022 continues to spread across the crypto market. Crypto hedge fund Galois Capital has become the latest victim of the FTX collapse. As per the details, Galois Capital … Read more