Author: Irfan Abbas
Irfan Abbas
Irfan is a talented crypto writer, analyst, and journalist with vast knowledge about the niche. He has a strong background and more than five years of experience in the bitcoin market. Irfan has made an impressive reputation as a top-notch research analyst and insightful journalist. He loves to explore the ever-changing crypto market.
OpenAI SoftBank is investing $1.5 billion in OpenAI, the company behind ChatGPT. This deal allows current and former employees of OpenAI to sell their shares for $210 each. With this, employees can cash out and get money for their shares, even though tech companies aren’t having many IPOs right now. SoftBank’s CEO, Masayoshi Son, led the deal because he wants a bigger part of OpenAI. The funding will help OpenAI keep improving its AI while giving its workers and investors a chance to earn money from their shares. SoftBank’s AI growth, OpenAI’s legal and ethical challenges SoftBank’s investment is part…
Crypto expert Benjamin Cowen believes Bitcoin just dodged a big drop. In his latest analysis, he explains that Bitcoin closed the weekly candle just above the key “bull market support band,” even though it briefly fell below it. This support band is an important level that shows whether Bitcoin is in a bull or bear market. Benjamin Cowen says as long as Bitcoin stays above this support band, it will likely avoid a major drop. The band is made up of the 20-week simple moving average (SMA) and the 21-week exponential moving average, which reflect the overall market mood. Bitcoin…