Worldcoin, the token of the crypto project co-founded by OpenAI Chief Executive Officer Sam Altman, rallied on its first day of trading on Monday as investors piled into the hype around artificial intelligence. Worldcoin jumped to as high as $3.58 from the initial price of $1.70 before falling back to $2.52 as of 11:12 a.m. in London, data compiled by CoinMarketCap data showed. By then, roughly $145 million worth of the token had been traded, after exchanges like Binance listed it. Worldcoin,...

(Bloomberg) -- Parts of the crypto market saw frenzied trading following a break in the regulatory clouds surrounding the US digital-asset sector. Most Read from Bloomberg Singapore House Speaker Resigns in New Blow to Ruling Party Russia Derails Danone, Carlsberg Exits by Seizing Assets Russia Pulls the Plug on Ukraine Grain Export Agreement Israel Quietly Embeds AI Systems in Deadly Military Operations China Growth Disappoints as Beijing Hints at Muted Stimulus The spike stemmed from a July...

An eruption of memecoins and nonfungible tokens on the Bitcoin blockchain has reshaped the revenue profile of miners and stirred questions about how lasting the upheaval will prove to be. New software known as Ordinals paved the way for the NFTs and meme tokens to come to the network this year. Galaxy Digital Holdings Ltd. says the Bitcoin NFT ecosystem could be worth $4.5 billion by 2025, while about 25,000 memecoins have been tallied on the blockchain since they first emerged in March. The...

The TrueUSD stablecoin, a token that was little known until this year, now makes up the largest Bitcoin trading pair in a major shift spurred by the Binance crypto exchange, according to data provider Kaiko. Binance, the dominant digital-asset platform, scrapped zero-fee Bitcoin trading promotions on March 22 except for Bitcoin-TrueUSD. That stoked demand for the pair, lifting its share of Bitcoin trading volumes on Binance to 50% from negligible levels before the fee decision, Kaiko wrote in...

The Income Tax department today conducted multiple raids in Delhi, Mumbai and other cities in the wake of reports of alleged profiteering and subsequent tax evasion by traders by converting withdrawn currency notes in an illegal manner. The Income Tax department today conducted multiple raids in Delhi, Mumbai and other cities in the wake of reports of alleged profiteering and subsequent tax evasion by traders by converting withdrawn currency notes in an illegal manner. Interestingly, the...