Société Générale Launches Euro-pegged Stablecoin
Société Générale, the third-largest bank in France, has entered the stablecoin market with the introduction of its native euro-pegged stablecoin, making it the first of its kind in the region. The Financial Times reported that the EUR CoinVertible (EURCV) stablecoin will début on the Bitstamp cryptocurrency exchange in Luxembourg. EURCV will enable bank consumers to […]
ChatGPT Ranks as Most-Viewed Article of 2023 on Wikipedia
With 49.5 million views, OpenAI’s ChatGPT has topped Wikipedia’s most-viewed article of 2023. ChatGPT, authored by OpenAI, amassed 49.5 million page views in 2023, making it the most-viewed English article on Wikipedia. This achievement serves as a testament to the growing influence of artificial intelligence (AI) technology on the collective consciousness of the general public. […]
ARK Invest Sells 237K Coinbase Stock for $33M
Cathie Wood’s ARK Invest sold 237,572 of its Coinbase (COIN) stock for $140 per share and about $33 million in yield. ARK sold a maximum of 237,572 Coinbase shares from its three funds on December 5. The transaction occurred as Coinbase shares closed at $140 per share that day, yielding a minimum of $33 million. […]
Crypto Tax Bill Passes Kenyan Parliamentary Committee
A Bill that would classify crypto assets as securities and levy capital gains tax on them has passed a committee of the Kenyan parliament. The subsequent step is to present it to the lesser chamber of parliament. Business Daily, a Kenyan newspaper, reported on December 4 that the Finance and National Planning Committee of the […]
Phoenix Group Stock Rises 50% Following IPO in Abu Dhabi
Phoenix Group, a cryptocurrency mining company, has made its initial public offering (IPO) on the Abu Dhabi Securities Exchange (ADX), with the stock opening at $0.6 and witnessing a 50% rise following the IPO. The opening price of The Phoenix Group stock on December 5 was 2.25 dirhams ($0.6), according to data from the ADX […]