Benito Cormi

AI Hype: CFTC Advises Caution on AI-Created Crypto-Asset Arbitrage Algorithms for Investors

Benito CormiJan 28, 20242 min read

Scammers Exploit Social Media Platforms and Influencers The Commodities Futures Trading Commission (CFTC) has issued a warning to investors about the dangers of artificial intelligence (AI)…

Nigerian Naira Hits Record Low Against USD, Central Bank Governor Claims Undervaluation

Benito CormiJan 28, 20243 min read

Nigerian Naira Hits Record Low Against USD on Official Market The Nigerian currency has reached a new low against the U.S. dollar on the official market,…

Record Levels of SEC Crypto Enforcement Seen in 2023

Benito CormiJan 28, 20242 min read

SEC Crypto Enforcement Surges in 2023 A new report by Cornerstone Research reveals that the U.S. Securities and Exchange Commission (SEC) significantly increased its enforcement actions…

Survey Reveals More Than 33% of Participants Predict Bitcoin’s Value to Drop Below $20,000

Benito CormiJan 27, 20243 min read

Survey Suggests Bitcoin Price Will Drop Below $20,000 A recent survey conducted by Deutsche Bank reveals that a significant portion of respondents believe that the price…

Lessening Downward Pressure for Bitcoin as Grayscale’s Profit-Taking Declines, according to JPMorgan

Benito CormiJan 27, 20242 min read

JPMorgan’s Analysis of Bitcoin’s Recent Price Movement JPMorgan, a global investment bank, recently provided its insights into the recent selloff in the crypto market, especially the…

Potential Late Entry by Charles Schwab Poised to Disrupt Bitcoin ETF Market, Say Analysts

Benito CormiJan 27, 20243 min read

Charles Schwab Rumored to Enter Bitcoin ETF Market Speculation is growing that Charles Schwab, the multinational financial services corporation, is planning to introduce its own spot…

Recovery of Bitcoin’s Hashrate Signals Miners’ Attention towards Upcoming Difficulty Adjustment

Benito CormiJan 27, 20243 min read

Bitcoin’s Hashrate Bounces Back After Cold Spell in Texas Bitcoin’s cumulative hashrate experienced a decline in mid-January due to miners pausing operations during a severe cold…

Record bitcoin reduction of 20,803 in 24 hours wipes out $867 million held in Grayscale’s GBTC

Benito CormiJan 27, 20242 min read

Grayscale’s GBTC Bitcoin Holdings Show Significant Reduction According to recent data, Grayscale’s GBTC spot bitcoin exchange-traded fund has experienced a substantial withdrawal of 20,803.83 bitcoin, valued…

Axiom Raises $20 Million in Successful Series A Funding Round

Benito CormiJan 27, 20243 min read

Axiom Raises $20 Million in Series A Funding to Improve Smart Contract Data Access Axiom, a smart contract infrastructure firm, has secured $20 million in a…

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