Microsoft is ending an arrangement to rent AI computing power from its rival Oracle, Bloomberg reported. Oracle shares dipped 4% on Friday on the news. The report fed fresh doubts about how long the AI infrastructure boom can continue to sustain itself. Microsoft has been using less of the rented computing power in recent months...
Amazon gave a select group of US customers early access on Friday to shop over text using its Alexa for Shopping agent. The feature lets you search for items, compare options, and place orders right inside a text thread. This lands right before the holiday shopping rush, pushing Amazon deeper into the race for AI-driven...
A raise of about $11 billion has happened at OpenAI, representing the opening slice of a new funding round pricing the AI company at $1.25 trillion. Bloomberg reported the funding round, citing people familiar with the matter who were not authorized to speak publicly. OpenAI received the wired funds on Friday. A source stated that...
XN is not backing away from Anthropic. The New York investment firm founded by Gaurav Kapadia plans to be a “large participant” in the Claude maker’s IPO despite the AI stock sell-off, the Financial Times reported. Public investors, meanwhile, are questioning its proposed $1.5 trillion valuation. A $5.3 billion bet, and a plan to add...
Ethereum faces fresh downside risks as weakening staking demand, ETF outflows, and liquidation clusters challenge Tom Lee’s bottom call.
According to Gnosis Pay, hackers breached personal information in the old system that powers its consumer cards. The attack was revealed on Friday, November 6, and the company claims that funds or its business platform were not affected. The statements are made amid a downturn in spending via Gnosis Pay’s card as the market continues...
Large altcoins are under heavy pressure, with XRP, Hyperliquid and Stellar all trading in bearish setups.
Chainlink saw an 11.6% slide in Open Interest and a 7.3% price decline in 24 hours.
According to Elliptic’s report on November 6, hackers responsible for stealing $6.43 billion worth of coins from Binance have swapped stolen altcoins in the amount of $124 million for Bitcoin. These transactions are being conducted simultaneously with Binance’s reopening of its withdrawal function to customers. Converting altcoins, not cashing out The altcoin swaps of the...
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
Tom Lee says buy the AI dip after a $2.3 trillion Nasdaq rout. See his 15% rally case and what could break it. The post Tom Lee and a JPMorgan Manager Call the AI Rout Normal: Will Nasdaq Rally 15%? appeared first on BeInCrypto.
The US Treasury has ordered crypto exchange MEXC Global cut off from the American financial system over allegations that it processed $16.7 billion linked to illicit activity. The November 6 announcement says the Financial Crimes Enforcement Network (FinCEN) will prohibit US financial institutions from sending or receiving funds involving MEXC. The restriction covers cryptocurrency transfers The p
Bitcoin Magazine U.S. Treasury Cuts Off MEXC From U.S. Financial System Over Alleged $16 Billion in Illicit Flows FinCEN issued a final order under section 9714(a) that will bar U.S. financial institutions from sending or receiving funds with MEXC Global 30 days after Federal Register publication, citing at least $16 billion in alleged illicit activity. This post U.S. Treasury Cuts Off MEXC From U
The United States Treasury Department sanctioned four individuals and 41 firms connected with Prince Group of Cambodia on November 5. The firms that were targeted are engaged in offshore businesses and finance, which are believed to have been involved in the group’s alleged fraudulent business activities. As stated by the Office of Foreign Assets Control...
FinCEN’s order, part of Operation Economic Outcast, bars U.S. institutions from any transfers to or from MEXC, which Treasury says facilitated $16 billion in illicit finance tied to Iran, North Korea and Russia.
The US Treasury bureau FinCEN on Friday ordered US financial institutions to stop processing transfers involving MEXC Global.
Treasury says it has severed MEXC Global from the U.S. after it allegedly supported $16 billion in transactions connected to Iran.
But can Bitcoin ETFs sustain their influence despite November's heavy outflows?
The crypto debit card provider said customer funds remained safe despite the exposure of sensitive financial and personal information.
The Treasury Department has withdrawn a controversial proposal that would have expanded requirements for cryptocurrency transactions.