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After increasing its value by almost 200% this year, Nvidia (NVDA) is reportedly looking to acquire an AI startup as it looks to be the first company to reach a $4 trillion market cap. Indeed, the chipmaker is looking to acquire Run:ai for $700 million in a move that was first reported in April. The company is currently navigating some regulatory concerns surrounding the acquisition, however. Specifically, the firm is seeking EU antitrust clearance to approve the purchase, according to a Reuters report. The approval will be necessary due to the fact that the move would “threaten competition in the markets where the companies operate,” the European Commission said this week. Source: CNBC Also Read: Nvidia Price Prediction: Here’s When NVDA May Hit $300 Nvidia Going After Approval to Acquire AI Startup The last two years have seen AI dominate the tech sector. Specifically, Wall Street’s information technology sector has seen artificial intelligence-related products skyro...

Binance, the world’s leading cryptocurrency exchange, announced a new collaboration with Amazon Web Services (AWS), according to the reports shared with Finbold on Wednesday, October 31.  Leveraging AWS’s cloud technologies, the exchange hopes to streamline its user Know Your Customer (KYC) process and enhance its customer service through automated issue resolution.  Streamlined onboarding on Binance Amazon Bedrock, the artificial intelligence (AI) engine powering Binance’s generative applications, will serve as the cornerstone of the new initiative. Picks for you Palantir stock hit by major insider trading activity 12 mins ago AI predicts Ethereum price for year-end 59 mins ago ...

Circle is entering an agreement with a Hong Kong telecommunications firm with the aim of building blockchain-based solutions for the Asia-based company. The USDC stablecoin issuer says it is signing a memorandum of understanding with the technology, media and telecommunications firm HKT to “explore a potential collaboration in developing blockchain-based customer loyalty solutions for merchants in Hong Kong.” “Leveraging Circle’s expertise in Web3 Services and HKT’s extensive merchant ecosystem and customer engagement capabilities, the two companies aim to develop customer loyalty solutions backed by Web3 technology that will enhance how consumers discover and engage with merchants, fostering more social and dynamic engagement experiences.” Circle says its suite of tools for developing blockchain-based solutions includes its programmable wallets that enable the use of crypto assets and smart contracts safely and easily. News of the potenti...

Bitcoin (BTC) surges past $73,000, nearing its all-time high with strong investor interest. Bitcoin Dogs (0DOG), a new meme coin, could break out with its upcoming game launch. Analysts predict growth for Bitcoin Dogs, benefiting from Bitcoin’s bullish momentum. The spotlight is back on Bitcoin (BTC), which recently surged past $73,000, drawing both investor attention and market Analysis . In tandem with this bullish trend, Bitcoin Dogs (0DOG) is positioning itself as a significant player in the crypto ecosystem. With its unique offerings and upcoming game launch, analysts are beginning to speculate on the potential for a breakout in the Bitcoin Dogs token, making it one of the most promising projects to watch in the coming months. Bitcoin (BTC) surges toward new all-time highs Bitcoin’s recent trading session has been nothing short of dramatic, as its price soared to a high of $73,562, just shy of its all-time high of $73,737 set in March. Thi...

Over 70% of Craig Wright’s 259 claims in his latest UK lawsuit are based on “misunderstandings, blatant misrepresentations, and legally incoherent theories,” according to analysts.  Specifically, X (formerly Twitter) account CSW Fact Check sifted through Wright’s claims and found that 184 of them don’t stand a chance of succeeding. Even for the 75 claims that do appear to have a chance, the fact-checkers stated that they are still only “remotely grounded in fact.” Wright is reportedly applying concepts that are irrelevant to Bitcoin’s decentralized nature and displaying “ a fundamental disconnect from legal reality .” Craig Wright files lawsuit against BTC Core and Square without barrister Read more: COPA confirms Craig Wright is desperately trying to appeal The account said, “At its core, Wright’s case is a misadventure in legal theory, an elaborate distraction veiling his continued bid for control over Bitcoin’s decentralized future.” Wright filed t...

Dogecoin has had a modest October. The token showed no bullish signs of price surges or peaks, although attempts were made to aim for high price spots. Despite its slow price pace, several analysts continue to expect Doge to break out, with one noteworthy analyst sharing how Doge has the potential to embrace the bullish onset of the market very soon. Also Read: Bitcoin Reclaims $71,000: Will BTC Hit A New Peak This Week? Dogecoin To Claim $0.175, Analyst Predicts Source – Bitcoinist Dogecoin is one of the leading cryptocurrencies to exist in the market. The token is fondly referred to as Tesla chief Elon Musk’s favorite, as Musk has often been noted making comments about Doge in his speeches every once in a while. These impromptu mentions have helped Dogecoin encounter occasional price spikes. However, 2024 was relatively slow for Doge. The token did not display any noteworthy price action, leading investors to wonder whether the token would ever embrace bullish momentum. With Bit...

Researchers in the US have reportedly used OpenAI’s voice API to create AI-powered phone scam agents that could be used to drain victims’ crypto wallets and bank accounts. As reported by The Register, computer scientists at the University of Illinois Urbana-Champaign (UIUC) used OpenAI’s GPT-4o model, in tandem with a number of other freely available tools, to build the agent they say “can indeed autonomously execute the actions necessary for various phone-based scams.” According to UIUC assistant professor Daniel Kang, phone scams that involve perpetrators pretending to be from a business or government organization target around 18 million Americans every year and cost somewhere in the region of $40 billion. GPT-4o allows users to send it text or audio and have it respond in kind. What’s more, according to Kang, it’s not costly to do , which breaks down a major a barrier to entry for scammers looking to steal personal information such as bank details or social ...

The 16th BRICS summit took place in the Kazan region of Russia this week with the participation of 40 countries in the event. The summit saw major changes with new policies, announcements, and trade deals taking place. The mock-up of a BRICS currency was gifted to Russian President Vladimir Putin indicating that the alliance is aiming to challenge the US dollar. If the new BRICS currency becomes a reality, several major sectors in the US will be severely affected. Also Read: Goldman Sachs Predicts the Future of BRICS Currency JUST IN: Russian President Putin has been gifted a mock-up of a "BRICS bill" at BRICS summit in Kazan. pic.twitter.com/gP08KKkRUy — BRICS News (@BRICSinfo) October 23, 2024 The bloc wants to use the new common currency or local currencies for trade and completely ditch the US dollar. In this article, we will highlight the top 3 major US sectors that will be severely affected if BRICS ditches the dollar for trade. Also Read: The Gloves Are Off: BRICS Is O...

Bitcoin surges past $67,000 as the Federal Reserve’s economic survey signals potential interest rate cuts. The cryptocurrency market responds positively to signs of economic weakness across nine regions. Manufacturing decline and consumer demand moderation are reinforcing expectations for monetary policy changes. This resurgence in Bitcoin’s value is reigniting confidence across the entire cryptocurrency market. New cryptocurrency releases are launched frequently to capitalize on the positive market sentiment. Investors are increasingly exploring digital asset opportunities as traditional markets show weakness. New Cryptocurrency Releases, Listings, & Presales Today Power AI is gaining momentum with its recent announcement of partnerships with multiple NFT and Web 3 projects. With the recent completion of BKOKFI’s launchpad, investors are monitoring its movement. 1. Yelay ($YLAY) Through Yelay’s innovative DeFi infrastructure, a revolutionary approach t...

Author: defioasis Note: This article is for sharing thoughts only and does not constitute any investment advice. The rising meme figure, Muard, mentioned during the Token2049 event in Singapore that crypto has entered the Memecoin Supercycle. This live video has sparked widespread attention and sharing across the web. In the crypto market, memecoins have become an investment direction that cannot be ignored. However, whether the value of memes is truly recognized by the public is still up for debate, especially among traditional investors, who are more likely to view it as akin to gambling. This article will explore the investment value of memecoins and the logic behind it, based on personal observations and understanding of the meme market. Understanding the Value of Memecoins from the Perspective of Attention Memecoins represent a manifestation of the attention economy, serving as a monetization of attention. In today’s world of overwhelming information, attention has become an extre...

Predictions around the world’s largest cryptocurrency, Bitcoin (BTC), were too ambitious this year. Several have suggested that the king coin could rise to $150,000 or even $200,000 by next year. But is it possible for Bitcoin to rise to this price level in such a short duration? Also Read: Google (GOOGL) Q3 Report To Look Rosy, Targets $200 How Is Bitcoin Faring At The Moment? Source BTC was trading at $66,338.64 at press time, following a 1.27% drop over the past 24 hours. The king coin went from trading at a high of $69,381 to a low of $66,322 this week. Things were quite slow in the BTC market as the network’s daily trading volume dipped by 26.37%. While the asset is moving sideways now, BTC could witness a rise in the coming months. Data from CoinCodex revealed that the king coin has the potential to hit $100,000 as early as January 2025. The firm highlighted that BTC will trade at a maximum price of $115,573, and the asset’s average price will remain at $99,312. ...