Author: TheSpuzz Desk

The Bitcoin (BTC) price is roaring at spot rates, recently ripping above the July 2023 resistance level. The coin is at new 2023 highs, recovering after plunging in 2022. Part of the sharp sell-off, especially in November 2022, was because of the collapse of FTX and Alameda Research, the trading wing of the defunct crypto exchange. BTC Rallying But Liquidity Is At November 2022 Level According to reports by Kaiko, a blockchain analytics platform, Bitcoin’s liquidity is around the post-FTX collapse level, and the Alameda gap still exists. This development, it should be noted, is despite the rapid surge in crypto…

The National Stock Market Commission (CNMV), Spain’s principal securities market regulator, called out fraudulent crypto assets promos on X (formerly Twitter) and reiterated the obligation of companies to comply with local laws.  On Nov. 8, in a speech at the annual Deloitte conference for the Spanish financial sector in Madrid, the CNMV head, Rodrigo Valbuena, revealed that the ads in question “make illegal use of the image of some Spanish actors and the design and identity of a national media to try to obtain data and money from investors.” Valbuena reminded the audience that Spanish legislation holds “internet companies, media and…

Netanyahu said war against Hamas not merely an ‘operation’ but a sustained effort to eliminate threat. Jerusalem: Prime Minister Benjamin Netanyahu Monday emphasised Israel’s commitment to a protracted conflict with Hamas, declaring it a “war to the end,” CNN reported. Speaking to soldiers of Israel’s Caracal Battalion during a visit, Netanyahu clarified that this was not merely an ‘operation’ or a ’round,’ but a sustained effort to eliminate the threat posed by the Palestinian group. “This is neither an ‘operation’ nor a ’round’ but a war to the end. It is important to me that you know this. This is…

The era where celebrity enthusiasts amassed VHS tapes, audio cassettes, DVDs, vinyl records, and artistic representations of their beloved artists is now a thing of the past.New Delhi (India), November 10: In this age of digitalization, where data has become the contemporary currency, the landscape of fandom has undergone a profound transformation.As we step into 2023, fans have shifted their devotion, dedicating numerous hours to watching or listening to their cherished artists. The traditional practice of seeking autographs has given way to the trend of capturing selfies with these luminaries, thereby heightening the significance of these digital moments.Considering this new-age…

VentureBeat presents: AI Unleashed – An exclusive executive event for enterprise data leaders. Hear from top industry leaders on Nov 15. Reserve your free pass According to OpenAI, the six members of its nonprofit board of directors will determine when the company has “attained AGI” —  which it defines as “a highly autonomous system that outperforms humans at most economically valuable work.” Thanks to a for-profit arm that is “legally bound to pursue the Nonprofit’s mission,” once the board decides AGI, or artificial general intelligence, has been reached, such a system will be “excluded from IP licenses and other commercial…

Taiwanese cryptocurrency exchange Bitgin is under investigation by the country’s police force for money laundering. According to local news reports early this week, Yuting Zhang, the firm’s chief operating officer, was arrested by Taiwanese police for his alleged role in the “Eighty-Eight Guild Hall” money laundering incident. Previously, Zhemin Guo and Chengwen Tu, two local businessmen, were accused by police of operating a multibillion-dollar money laundering scheme by using their foreign exchange offices and crypto exchange accounts to launder proceeds of crime obtained via wire fraud from overseas. Tu is also accused of defrauding the country’s tax authorities by claiming…

Hamas said on Monday that it is ready to release up to 70 women and children held in Gaza. Cairo: The armed wing of Palestinian militant group Hamas said on Monday they told Qatari mediators that the group is ready to release up to 70 women and children held in Gaza in return for a five-day truce. “The truce should include a complete ceasefire and allowing aid and humanitarian relief everywhere in the Gaza Strip,” Abu Ubaida, the spokesman for the armed wing of Hamas, Alqassam Brigades,. said in a recorded audio published on the group’s Telegram channel. PromotedListen to…

GamesBeat Next’s on-demand library is now live! Start catching up on the 30+ sessions you might have missed.  Watch Now Amazon Games today joins the list of gaming companies hit by layoffs. According to a memo circulated within the company, 180 employees will be affected by Amazon’s new cutbacks, which will include the entire Gaming Growth department and the Crown channel on Twitch. The company apparently plans to refocus its Gaming attention on its Prime Gaming offering. Christoph Hartman, Amazon’s VP of Games, sent out the memo (obtained by The Verge) to employees explaining the changes to the games division.…

ExxonMobil is getting into the lithium production business. The company announced on Monday that it’s going to become a “leading producer of lithium” by opening its first drilling operation in southern Arkansas. The demand for lithium has grown in the past couple of years, with the metal serving as a key ingredient in the rechargeable batteries that power electric vehicles, phones, laptops, and other tech. ExxonMobil plans to start producing lithium in 2027 and says it could make enough lithium to supply over 1 million electric vehicles per year by 2030. Earlier this year, ExxonMobil purchased 120,000 acres of lithium-rich…

A recent Bloomberg report revealed that a Singapore-based investor, Foresight Ventures, is acquiring a majority stake in crypto news publication The Block.  According to Bloomberg, this move comes after a series of leadership changes within the company and a desire to “distance itself” from a former CEO’s association with “clandestine loans” from Sam Bankman-Fried’s Alameda Research.  The deal, worth over $50 million, involves Foresight Ventures acquiring the stake from the former executive, Michael McCaffrey. Foresight Ventures Secures Majority Stake In The Block  The Block had undergone several leadership changes and was keen on severing ties with its former CEO, who…