Genesis Global and its affiliates announced Friday that they had completed restructuring proceedings after filing for Chapter 11 protection in January 2023. The company also began distributing about $4 billion worth of digital assets and U.S. dollars to repay creditors. Press release.When Genesis filed for bankruptcy last year, it said it had more than 100,000 creditors and was $10 billion in debt. It owed about $3 billion to its top 50 creditors, including cryptocurrency exchange Gemini, asset manager VanEck, and trading firm Cumberland.Wallets connected to Genesis began transferring $1.5 billion worth of bitcoin and ether on Friday. As previously reported…
Author: Crypto Flexs
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Explore Kraken Labs: labs.kraken.com We are excited to announce Kraken Labs, initially released as a set of five interactive data visualization modules created by staff designer Benno Gerrit Wissing. These experiments explore the infinite possibilities of crypto data visualization, leveraging both data from Kraken and on-chain data. These range from highly exploratory and abstract 3D real-time data visualizations to insight-driven experiments using time series clustering and pattern recognition. We decided to make this public to share its possibilities with the wider crypto community and build on our growing set of data visualization experiments. Kraken Labs currently includes the following experiments:…
Lawrence Jengar 03 Aug 2024 05:59 Character.AI announces strategic agreement with Google and key leadership changes to accelerate development of personalized AI products. Character.AI has announced a significant partnership with Google, marking a new milestone in the company’s growth and development of personalized artificial intelligence (AI) technology. The strategic agreement includes a non-exclusive license to Character.AI’s current Large Language Model (LLM). technologyThis will allow the company to increase funding and resources to continue its expansion and innovation efforts. Strategic partnership with Google According to the Character.AI blog, the collaboration with Google will allow Character.AI…
The price of Internet Computer (ICP) may be looking to extend recent losses after dropping 5% in the last 24 hours. BeInCrypto has discovered this speculation after examining the technical and on-chain status of the token. At the time of writing, ICP is trading at $9.03. However, holding the $9 zone for the next few days could be a huge undertaking, and here’s why: Warning Signs for Bullish Internet Computer Investors One of the most important indicators for the price rise of ICP is the Money Flow Index (MFI). MFI is a technical oscillator that measures trading pressure using volume…
Coinbase and MicroStrategy They reported quarterly results on Thursday afternoon. While both companies had mixed numbers, the conference call brought up a familiar topic: the 2024 presidential election.Coinbase CEO Brian Armstrong was asked about Donald Trump’s speech. Bitcoin in 2024 And what impact will four more years of Democratic rule have on the cryptocurrency regulatory environment?“Cryptocurrency is really nonpartisan,” Armstrong said. “There are really strong advocates in both parties at this point, and there are some skeptics in both parties, but I would say it’s mostly supporters at this point.”Earlier this week, Bernstein analysts also said: Cryptocurrencies are no longer…
A bizarre aerial phenomenon captured over Curitiba, Brazil, is the latest to catch the attention of “ufologists,” people who track sightings of unidentified flying objects as evidence of alien visitors. Two videos uploaded to YouTube show a triangular object hovering over the southern Brazilian city at different angles.First, the photographer Zona Desconhecida has received over 31,000 views since it was uploaded on July 21st. As the camera zooms in, the object appears to sport a chassis-like landing gear that later disappears from the clip. The videographer initially dismissed it as a drone, but the lack of visible propellers and its…
Louisa Crawford 06:35 Aug 3, 2024 AssemblyAI’s Python SDK surpasses 100K monthly downloads, driven by new tutorials and community engagement. According to AssemblyAI, AssemblyAI’s Python SDK has reached a significant milestone of over 100,000 monthly downloads, a milestone that demonstrates the growing popularity and usability of the SDK among developers. Python SDK Milestones The growing adoption of the Python SDK reflects its robustness and the value it provides to the developer community. AssemblyAI attributes this success to the continued support of its users. The SDK offers a variety of features, including speaker anecdotes, entity…
The Toncoin trading volume indicator crashed, but the upper time frame trend is still bearish. Recent momentum and market sentiment suggest further losses are possible. Toncoin (TON) has been trending down over multiple time frames. Recent reports indicate that the bearish momentum is strengthening, but futures market data has provided some hope. However, Bitcoin (BTC) faced bearish pressure as hopes for a strong September were dashed. The sentiment across the market caused TON to fall below the range it had formed in early June. Prices are heading below $6. Source: TON/USDT on TradingView Since early June, Toncoin has been trading…
David Swain has joined cryptocurrency venture capital giant Paradigm as Chief Marketing Officer.Swain, who previously served as global communications director at Instagram and senior director of technical communications at Facebook, joined Paradigm last month, according to her LinkedIn profile. Most recently, Swain served as vice president of global partnerships at Strava, a social fitness app and community with more than 120 million members.Swain’s appointment comes shortly after Paradigm raised $850 million for its third fund in June, which aims to invest in early-stage cryptocurrency projects. It follows Paradigm’s $2.5 billion fund raised in 2021, which was the largest cryptocurrency investment…
Chain link (LINK) is one of the major players in decentralized finance and is currently experiencing increasing bearish pressure in the market. LINK’s bearish momentum It continues to build, and key technical indicators are signaling further losses towards the critical $12 support level for the cryptocurrency. With this current price action, Chainlink could continue to decline, testing lower support levels in the near future, unless there is a significant reversal in market sentiment. In this article, we provide an in-depth analysis by assessing the current market sentiment for Chainlink, examining key technical indicators, identifying important support levels, and determining their…