Gemini Agrees to Pay $5M Settlement in CFTC Case

Crypto exchange Gemini agreed to pay $5 million to settle a case with the U.S. Commodity Futures Trading Commission over allegedly misleading statements it made more than seven years ago about how easily the price of a bitcoin futures contract could be manipulated. Cameron and Tyler Winklevoss’ exchange settled without admitting or denying liability, according … Read more

The Next Wave of Corporate Bitcoin Adoption Seems to Be on Its Way

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR) and Semler Scientific (SMLR). As interest in digital assets continues to rise, a new phase of corporate adoption for Bitcoin appears to be taking shape, with publicly listed firms following MicroStrategy’s lead by adding BTC to their balance sheets. It all started with … Read more

Google is building its own ‘world modeling’ AI team for games and robot training

Image: The Verge Google DeepMind is assembling a new team of artificial intelligence researchers to develop “world models” that can simulate physical environments. The initiative will be led by Tim Brooks, a former co-lead for OpenAI’s Sora project who joined DeepMind in October to work on Google’s video generation and world simulators. World models are … Read more

More Data, Less Cost: the Quiet Revolution in Blockchain Oracles

Blockchain oracles are fast becoming important elements within decentralized ecosystems by acting as essential data bridges between blockchain-based applications and the analogue world. Despite their growing importance, existing oracle networks face a number of persistent challenges that limit their scalability and affordability. As demand for real-time data grows, solving these pain points is important. Traditional … Read more

Bitcoin Mining Profitability Rose in December for Second Month in a Row: JPMorgan

Bitcoin (BTC) miners’ daily revenue and gross profit rose for the second consecutive month in December, hitting the highest levels since April, JPMorgan (JPM) said in a research report on Monday. Mining profitability increased as the rally in the world’s largest cryptocurrency continued to outpace network hashrate growth, the bank noted. JPMorgan estimated that bitcoin … Read more

Bitcoin Bull Run Could Be Accelerated by China’s Market Meltdown, Crypto Observer Says

The new year has offered no relief for Chinese assets, which continue to decline in a meltdown that could further fuel the ongoing bitcoin (BTC) bull run. The Chinese yuan (CNY) fell to 3.22 per U.S. dollar early Tuesday, reaching the lowest level since September 2023, according to data source TradingView. The Chinese unit has … Read more

FTX EU Sold to Backpack Exchange, Plans Regulated Crypto Derivatives Push Across Europe

FTX EU, the European arm of Sam Bankman Fried’s now-bankrupt cryptocurrency trading empire, has been sold to Backpack Exchange, a crypto trading company founded by former Alameda Research and FTX employees. FTX EU, which held a MiFID II-license under the Cyprus Securities and Exchange Commission (CySEC), cost Backpack $32.7 million, the exchange said. Backpack’s new … Read more