Category: crypto

OpenAI is facing a legal challenge in India for allegedly using ANI’s content without authorization to train ChatGPT. OpenAI argues that US laws prevent it from removing the data and asserts that the Indian court lacks jurisdiction over its operations. A court hearing is scheduled for Jan. 28.

CryptoSlate’s market report explores the first year of Bitcoin ETFs, focusing on key trends, capital flows, performance metrics, and their impact on the crypto market. With 1,100,000 BTC available exclusively via spot Bitcoin ETFs, the report provides insights into the market’s development over the past year.

Roman Storm, co-founder of Tornado Cash, is facing prosecution for developing open-source code that enables private crypto transactions. Charges include operating an unlicensed money-transmitting business, conspiracy to commit money laundering, and sanctions evasion. The case could have implications for criminalizing software development. Legal battles and support from Vitalik Buterin are also discussed.

Digital asset prices are expected to be volatile due to unclear policies from the new US administration, but medium-term gains are possible. Standard Chartered predicts Bitcoin reaching $200,000 and Ethereum $10,000 by 2025. Institutional interest in crypto ETFs is growing, with potential for significant price increases. Strategic entry points for long-term investors are advised.

Bitcoin is currently trading in a historically narrow price range, indicating potential for significant market volatility. On-chain metrics suggest upcoming price sensitivity, with decreased profit-taking activity and increased demand among long-term holders. Retail investors are accumulating Bitcoin, providing a strong foundation for the next market move.

OpenAI announced the Stargate initiative, a $500 billion project to develop advanced AI infrastructure in the US. The project aims to strengthen US leadership in AI, create jobs, and contribute to economic growth and national security. Despite skepticism from Elon Musk, the project has major backers and technology partners.

Coinbase is seeking dismissal of a lawsuit filed by BiT Global over the delisting of wBTC. They justify their decision by pointing out security risks associated with wBTC due to its connection with Justin Sun.

Coinbase CEO Brian Armstrong announced that the exchange has resolved all pending Solana transaction delays, apologizing for the inconvenience caused. He emphasized plans to enhance support for Solana, aiming to provide tier 1 support similar to Bitcoin and Ethereum. Recent delays on the platform have sparked concerns about operational efficiency.

Justin Sun, founder of Tron network, proposes a plan to transform Ethereum’s ecosystem and increase its price to $10,000. The plan includes halting ETH sales, imposing taxes on layer-2 platforms, streamlining operations, and revising rewards system. Sun believes these changes could drive ETH price to $4,500 in the short term and $10,000 in the long…

The US District Court for the Western District of Texas overturned sanctions on crypto-mixing protocol Tornado Cash imposed by OFAC. The court ruled that Tornado Cash’s smart contracts are not property and cannot be restricted. The decision was celebrated by privacy advocates and the crypto community, with TORN token surging in value.