News
Important Only
Saudi Arabia to pour $100B into AI data centers and startups
The Kingdom of Saudi Arabia is planning a $100 billion investment into an AI project called Project Transcendence. According to a Bloomberg report, the Saudi technology hub will build AI infrastructure and attract talent. The project is part of the Kingdom’s 2030 vision and is directly competing with the UAE in advancing AI in the […]Cryptopolitan
Nov 9, 2024
Binance and Coinbase record $9.3 billion in stablecoin inflows following Trump’s win
According to crypto analytics firm CryptoQuant, Binance and Coinbase recorded significant stablecoin inflows after Donald Trump’s win. The firm highlighted that inflows of this magnitude were last experienced in 2020.Cryptopolitan
Nov 9, 2024
Another ETH ICO whale sells 3,367.5 ETH for $10.16M as Ether surpasses $3,000
An ETH initial coin offering whale has begun liquidating their ETH assets held for 8 years. According to on-chain data flagged by Onchain Lens. The whale recently sold 3,367 Ethereum worth $10.16 million at the current price of $3,032.Cryptopolitan
Nov 9, 2024
Historic highs: Dow breaks 44,000, S&P hits new peak, Bitcoin eyes six figures
The stock market is hotter than a jalapeño pepper. Wall Street just did something it’s never done before, with the Dow Jones shooting up to an insane 44,000 during trading on Friday before closing at a record-breaking 43,988.99. For those keeping score, that’s a 259.65-point climb, or 0.59%. The S&P 500 didn’t want to feel […]Cryptopolitan
Nov 9, 2024
Crypto mixer Bitcoin Fog founder faces 12.5 years for $400M laundering scheme
The operator of the crypto mixing tool Bitcoin Fog, Roman Sterlingov, has been sentenced to 12 and a half years for laundering $400 million in crypto for criminals. The sentencing follows a jury trial in March that found Sterlingov guilty of multiple charges, including money laundering and operating an unregistered money-transmitting business. US District Judge […]Cryptopolitan
Nov 9, 2024
Michael Saylor says no one’s ever lost money over the course of four years holding Bitcoin
Michael Saylor, co-founder of MicroStrategy, is sticking it to his critics, and he’s got Bitcoin on his side. “No one’s ever lost money over the course of four years holding Bitcoin,” he declared recently in an interview. His point was that BTC isn’t some get-rich-quick schtick. It’s something you get into only when you wholeheartedly […]Cryptopolitan
Nov 9, 2024
AI set to drive $164 billion increase in banking revenue by end of 2024
According to Statista, artificial intelligence (AI) will inject $164 billion into the banking sector by the end of the year, with North American countries set to profit the most. The region’s financial sector is expected to earn roughly $50 billion from AI, closely followed by Asia Pacific at $49 billion in 2024. AI-driven banking revenue […]Cryptopolitan
Nov 9, 2024
