Business

AI Agent Obtains EIN from IRS, Bank Account and Crypto Wallet on First Self-Filing Business

ClawBank, an agent economy infrastructure project, said its agent Manfred AI has become the first such entity to set up a business independently, filing with the US Internal Revenue Service (IRS) its own Employer Identification Number (EIN), a unique code that allows it to legally operate as a business, hire staff and obtain licenses. The […]

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Bitcoin (BTC) eyes new target at $80,000 as stocks rise and oil falls on Iranian optimism

Bitcoin BTC$78,440.77 rose on Friday, extending its gains as U.S. markets opened and risk appetite improved. The largest cryptocurrency is now up nearly 3% in the past 24 hours, continuing a rise that began overnight. It last traded at $78,722, once again inching closer to the $80,000 mark. Earlier this week, bitcoin approached this level

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Bitcoin (BTC) Market Cap to Reach $16 Trillion by 2030, Driven by Institutional Demand: Ark Invest

Bitcoin BTC$78,659.11the largest cryptocurrency, is expected to rise over the next four years, propelling its market capitalization to $16 trillion by 2030, Ark Invest said in its annual research report, Big Ideas. The more than 10x growth — the market cap is currently around $1.5 trillion — will be driven by accelerated institutional adoption and

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SBI Holdings plans to participate in cryptocurrency exchange Bitbank to create digital asset powerhouse

Japanese financial conglomerate SBI Holdings plans to acquire a stake in Bitbank, one of the country’s largest crypto exchanges. The Tokyo-based broker has submitted a letter of intent to Bitbank Co., Ltd. concerning the purchase of shares of the stock exchange with the aim of making it a consolidated subsidiary, according to a press release

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BTC Price Rebounds as Big Tech Profits Fuel Optimism; short-term pressures remain: Crypto Daily

This is an excerpt from the CoinDesk “Daybook” newsletter. Register here, if you haven’t already. Bitcoin soared to $77,400, rising along with other risky assets after earnings reports from America’s biggest tech companies helped stabilize markets. The gains came after Apple (AAPL) joined its peers with an earnings report that improved sentiment across the sector.

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BTC price maintains gains, but lacks conviction as derivatives signal caution

The crypto market rose on Friday. Bitcoin BTC$77,264.30 rose 1.25% since midnight UTC to trade at $77,250, and the CoinDesk 20 Index (CD20) added 0.7% with 14 members in the green. The increase comes after Bitcoin found support at $75,000, a price it previously struggled to surpass, on Wednesday. It has now been stuck between

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Bitcoin Breaks Above $77,000, But Institutional Activity Suggests Downside Covering

Bitcoin BTC$77,220.54 rose more than 1.2% during the European morning to just under $77,500, up about 1.7% in the past 24 hours. The broader digital asset market, as measured by the CoinDesk 20 Index (CD20), also rose, up about 0.95%. Bitcoin’s gains have been above average, with 24-hour activity 15% higher than its seven-day average,

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McClatchy reporters withhold signatures in AI dispute

McClatchy, the newspaper chain behind publications such as The Sacramento Bee, The Miami Herald and The Idaho Statesman, has begun using a new artificial intelligence tool that can summarize traditional articles and offer different versions for different audiences. His journalists are not happy about it. Journalists in many of the company’s newsrooms are now refusing

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Bithumb’s six-month suspension in South Korea overturned by local judge

A South Korean court on Thursday overturned Bithumb’s six-month partial suspension of operations, according to Yonhap News. The news agency cited legal sources, saying Judge Gong Hyeon-jin of the Seoul Administrative Court’s 2nd Administrative Division accepted Bithumb’s request for a stay of execution on the same day it was submitted. No details were given on

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