Author: Crypto Breaking News

Nvidia continues to push forward in the race to develop artificial intelligence (AI) tools and applications, as the company revealed plans to release more AI products. Speaking at the Computex show in Taiwan on May 28, the CEO of Nvidia Jensen Huang unveiled a new AI supercomputer platform called DGX GH200. The supercomputer’s primary purpose is to aid tech companies in developing successors to the popular AI chatbot ChatGPT, according to Huang. Big Tech firms such as Microsoft, Meta and Google’s Alphabet are anticipated to be among some of the pioneering users of the supercomputer equipment. Huang announced a new service called Nvidia…

Hardware crypto wallet firm Ledger has faced harsh criticism from the crypto community after announcing its “Recover” service, which is an optional paid feature that will eventually allow users to back up and restore their private seed phrase.Due to concerns expressed about the security elements of Ledger Recover, the hardware wallet manufacturer decided to postpone the launch of its service. On May 23, Charles Guillemet, chief technology officer of Ledger, explained in a Twitter thread that Ledger will “accelerate our open-sourcing roadmap to bring more verifiability to everything we do.” Ledger’s mission is, and will always be, to provide our…

Bitcoin on-chain data suggests a historical support line may have helped the coin once again as the asset has recovered toward $28,000 today. Bitcoin Short-Term Holder Cost Basis May Still Be Active As Support According to data from the on-chain analytics firm Glassnode, the BTC price approached the cost basis of the short-term holders recently. The relevant indicator here is the “realized price,” which is a metric derived from the “realized cap.” The realized cap refers to a capitalization model for Bitcoin that says that the value of each coin in the circulating supply is not the current spot price,…

If you’re an aspiring tech entrepreneur looking for insights and inspiration to enhance your knowledge and skills, here are seven must-read books to consider:The Lean Startup by Eric RiesThe acclaimed book The Lean Startup by Eric Ries has become a standard for budding tech entrepreneurs. Ries proposes the lean startup methodology, which emphasizes the value of experimentation, iterative development and ongoing learning in creating successful firms.The book presents a methodical method of entrepreneurship that questions conventional business methods. It helps business owners test their theories, confirm their hypotheses and get client feedback early on in the product development process. Entrepreneurs…

This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.“That was before my time… Of course it’s true, everybody knows it’s true.”The quote above is from the movie “The Sea Beast.” And although the film never mentions Bitcoin specifically, it might just be one of the best Bitcoin movies I’ve ever seen. Source It is set in a fictional world gripped by perpetual war between a sea-faring economic power and a population of monsters who appear to attack ships out…

As the details of the agreement reached between President Joe Biden and House Speaker Kevin McCarthy on the U.S. debt ceiling were made public Sunday, one notable part of the deal appears to have blocked some taxes proposed by the Biden administration, including the Digital Asset Mining Energy (DAME) excise tax.If passed, it would impose a 30% tax on cryptocurrency mining firms—a move that the Biden administration argued was required to limit the environmental and societal damage caused by crypto mining operations.Dennis Porter, CEO of Bitcoin mining advocacy group the Satoshi Action Fund, questioned whether “the Administration’s DAME excise tax proposal…

In recent trading sessions, the price of Dogecoin has experienced an upward trend, surpassing a significant resistance level. Over the past 24 hours, DOGE recorded a 1.2% increase, and within the last week, the coin appreciated by 2%. The technical analysis suggests the possibility of upcoming bullish momentum as buying strength attempts to recover. However, demand and accumulation indicators have not yet entered the positive zone. To establish bullish control in subsequent sessions, DOGE must surpass a crucial resistance level. The broader market’s recovery, including Bitcoin’s rise above $27,500, may also contribute to the DOGE upward price movement. The upcoming…

The government of Bali, Indonesia, recently cracked down on crypto payments for goods and services, reminding tourists that the Indonesian rupiah is the only legal tender. Some tourists were dissatisfied with the decision, saying that they would not visit again.On May 28, the Indonesian government affirmed that tourists using crypto for payments “will be dealt with firmly.” They could be subject to punishments such as deportation, criminal penalties and administrative sanctions. In addition, businesses caught accepting crypto could also be punished and forced to close operations. The crypto community shared various responses, with some saying that the ban “makes sense”…

Foreign tourists who use crypto as a means of payment in Bali will be “dealt with firmly,” local authorities have warned.Speaking at a tourism development press conference on Sunday, Bali Governor Wayan Koster said that visitors who pay with crypto or break other rules could be deported, face criminal penalties, or be dealt tough sanctions.”Foreign tourists who behave inappropriately, do activities that are not allowed in their visa permit, use crypto as a means of payment and violate other provisions will be dealt with firmly,” the leader of the Indonesian island province said, according to Channel News Asia.Indonesian law dictates…

Cryptocurrency exchange Bybit continues the expansion of its operations after receiving “in-principle” approval from regulators in Kazakhstan.On May 29, the exchange announced its pre-approval from Kazakhstan’s Astana Financial Services Authority (AFSA) to operate as a digital asset trading facility and custody services provider at the Astana International Financial Centre (AIFC).Ben Zhou, co-founder and CEO of Bybit, said he believes in the “promising potential” of the Commonwealth of Independent States (CIS) as a region for growth in the crypto industry. Zhou also stressed Bybit’s commitment to compliance with local regulations. This comes after Bybit was recently flagged by regulators in Japan…