Tether Reports $700M in Profits Despite ‘Tumultuous End to 2022’: CTO
Despite processing $21 billion in redemptions, stablecoin issuer Tether reported that it still generated $700 million in profits last quarter.
Tron Launches $100M AI Development Fund
The AI development fund will encourage the creation of applications on Tron using tools such as OpenAI’s ChatGPT.
LocalBitcoins to Shut Down After 10 Years of Operation
Citing the “ongoing very cold crypto-winter,” the P2P exchange LocalBitcoins announced it will discontinue services beginning today.
Crypto ATM Provider Coin Cloud Files for Chapter 11 Bankruptcy
Coin Cloud’s bankruptcy filing comes as the once booming crypto ATM industry has found its growth significantly slowed.
Bitcoin Sinks Below $23,000 as Crypto Regulation Scrutiny Intensifies
The broader crypto market flipped red Thursday amid more news of U.S. authorities turning their attention to the industry.
Was the MetaBirkin Verdict Bad for NFTs, or Just for Knockoffs?
Much was made of Hermès’ victory Wednesday in the first-ever trademark case involving NFTs. Should NFT artists be worried?
