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Posts published in “Business”

Altseason on the Horizon? Ethereum (ETH) Breakout & What It Means for the Crypto Market

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, has recently experienced a notable price rally, surpassing the $3,000 mark. This surge in value has captured the attention of investors and enthusiasts alike, as the token emerges as a focal point of activity within the broader crypto market...

$73m Crypto Pig Butchering Scam: How Fraudsters Laundered Millions Through U.S. Banks

U.S. authorities have made progress in combating cryptocurrency scams with the recent arrest of two Chinese nationals, Daren Li and Yicheng Zhang. The pair is accused of orchestrating a money laundering scheme that funneled over $73 million through U.S. financial institutions and ultimately converted the funds into Tether’s USDT token...

AI News: UBI to Address Job Losses, Microsoft Faces Multibillion-Dollar Fine & Threats to 2024 U.S. Elections

As artificial intelligence (AI) continues to advance at an unprecedented pace, its potential impact on society and politics has become a growing concern among experts and government officials. Recent developments highlight the need for proactive measures to address the challenges posed by AI, particularly in the context of job displacement and election security...

Venezuela Confiscates 11,000 Bitcoin Miners & Bans Mining to Stabilize Power Grid

Venezuela has joined the growing list of countries taking action against cryptocurrency mining due to its energy consumption. The Venezuelan government, through its Ministry of Electric Power, has announced plans to disconnect cryptocurrency mining farms from the national power grid in an effort to regulate excessive energy usage and ensure a stable electricity supply for