26 May 2025, 21:00

Which Cryptocurrency to Buy Before the Price Rises? Cardano (ADA) or Ruvi AI (RUVI) ?

Cardano (ADA) $0.7575 is still a major player in the blockchain space. Known for its focus on sustainability and scalability Cardano is the go to platform for developers building decentralized applications. As a blockchain powerhouse it’s relevant in the fast paced digital world. While Cardano is a leader in blockchain technology new ventures like Ruvi AI are pushing the boundaries by combining artificial intelligence with blockchain. This hybrid approach is exciting for the future. The Vision Behind Ruvi AI Ruvi AI is a forward thinking platform that solves complex problems across industries by combining the power of AI and blockchain. By offering secure, transparent and intelligent solutions Ruvi AI addresses problems in healthcare, finance, logistics and more. Its tools help businesses make informed decisions and improve operational efficiency. The Beta version is already live giving users early access to this technology. This is a big milestone for Ruvi AI and a proof of concept for real world problems. And to top it off the company has just listed on their first exchange with plans to list on more exchanges soon. Presale Achievements Ruvi AI’s presale has been a huge success with investors showing a lot of confidence. In Phase 1 tokens were sold at $0.01 and sold out in 2 weeks. Early investors made a killing as the token price is now $0.015 in Phase 2 . Industry experts predict Ruvi AI will reach a $1 valuation shortly after listing making it one of the best projects for tech investors. Examples of Lucrative Opportunities Ruvi AI’s presale not only promises growth but also bonus incentives making it an even more attractive investment. VIP 2 (50,000 Tokens) 50,000 tokens gets you a 40% bonus and 20,000 extra tokens for a total of 70,000 tokens . At $0.015 this is a $750 investment. At $0.07 this would be $4,900 and at $1 it would be $70,000 . VIP 3 (100,000 Tokens) 100,000 tokens gets you a 60% bonus and 60,000 extra tokens . What’s a $1,500 investment would be $11,200 at $0.07 and $160,000 at $1 . VIP 5 (500,000 Tokens) High value investors getting 500,000 tokens gets you a 100% bonus and 500,000 extra tokens . A $7,500 investment becomes $70,000 at $0.07 and $1,000,000 at $1 . Community Driven Development Incentives Ruvi AI has a leaderboard program to reward active contributors: Top 10 contributors get 500,000 tokens worth $500,000 at $1. Top 50 contributors get 250,000 tokens worth $250,000 . Top 100 contributors get 100,000 tokens worth $100,000 . This is a big deal for Ruvi AI to create a community driven ecosystem. The Future is Bright Ruvi AI is building the future of AI and blockchain. The Beta and presale is proof of that. With a token price of $0.015 you can get in on this project. Confirmed listing at $0.07 and projected valuation of $1. Cardano is a blockchain giant but Ruvi AI is the pioneer of blockchain and AI. Get in now and be part of the movement. Learn More Buy RUVI: https://presale.ruvi.io Website: https://ruvi.io Whitepaper: https://docs.ruvi.io Telegram: https://t.me/ruviofficial Twitter/X: https://x.com/RuviAI Try RUVI AI: https://web.ruvi.io/register

26 May 2025, 20:55

Microsoft-backed Builder.ai hit by US probe over fake sales

Builder.ai, a UK-based AI startup once valued at over $1 billion and backed by tech giant Microsoft, is under investigation by US federal prosecutors following revelations of significantly overstated revenues and potentially fraudulent sales practices. Builder.ai’s General Counsel, Adi Vinyarsh, told employees to preserve documents after the US Attorney’s Office for the Southern District of New York requested information. This includes accounting policies and a list of customers, according to an internal company email reviewed by Bloomberg and people familiar with the matter. While the subpoena didn’t call out ousted former chief executive Sachin Dev Duggal by name, it was filed just weeks after Duggal was given the boot following a series of damaging financial irregularities. The US Attorney’s Office in Manhattan, one of the most potent prosecutorial offices in the nation, has not made any public statement. Nor have officials from Builder.ai or Duggal. Yet, subpoenas from this office tend to reflect the early phase of a formal criminal investigation. Internal investigation reveals inflated sales An internal investigation uncovered that Builder.ai’s reported revenues were grossly inflated. In March 2024, whistleblowers alleged that the company regularly over-represented its income to appear more profitable and attract investors . Builder.ai touts itself as a no-code/low-code platform that companies can use to create custom apps rapidly leveraging AI. After the leadership shakeup, internal reviews revealed huge errors in the company’s revenue reporting. Company insiders revealed that Builder.ai had exaggerated its revenue projections by more than 300%. In updated provisional accounts, the company saw its forecast 2024 revenues cut from $220 million to just $55 million. Its 2023 revenues were similarly lowered to $45 million from $180 million. These cuts suggested a pattern of too-aggressive or fraudulent revenue recognition. The audit also cast doubt on the legitimacy of sales via resellers in the Middle East. Investigators said they could not confirm that these resellers were real or that the transactions occurred. Some of the reported sales have never been collected, and in some instances, it was impossible to determine the end customers, the filings show. Builder.ai had been held up as a European tech success story, with a business model that combined AI with software development to make it easier for noncoders to create apps. However, the new findings indicate the company’s slick public image may have been built on shoddy foundations. Builder.ai takes step toward insolvency The financial scandal has pushed Builder.ai into a full-blown collapse. In mid-May 2025, just days after the subpoena was received, the company formally announced it would begin insolvency proceedings. Manpreet Ratia, the current CEO who took over from Duggal in February, informed staff members in an internal memo that Builder.ai could not afford to pay its staff. The company’s biggest lenders, including Israel’s Viola Credit, had already claimed most of its cash after declaring a default triggered by the revenue restatement. In 2023, Builder.ai raised over $250 million in an investment led by the Qatar Investment Authority. Microsoft also invested in a signed strategic partnership with the company. Among other prominent backers of the company were the World Bank Group’s International Finance Corp., Hollywood free-radical Jeffrey Katzenberg’s WndrCo, Lakestar, and SoftBank’s Deepcore incubator. KEY Difference Wire : the secret tool crypto projects use to get guaranteed media coverage

26 May 2025, 20:20

Australian Senator Bitcoin Attack: Why Industry Calls “Ponzi” Claim Misinformed

BitcoinWorld Australian Senator Bitcoin Attack: Why Industry Calls “Ponzi” Claim Misinformed A recent comment by an Australian Senator has ignited a fiery debate within the nation’s growing cryptocurrency community. The statement, labeling Bitcoin a “Ponzi scheme,” came from Senator Gerard Rennick and was delivered via a sarcastic post on social media platform X (formerly Twitter). This immediately drew sharp criticism and highlighted the ongoing tension between traditional political views and the rapidly evolving digital asset landscape. For anyone following the world of crypto or interested in the future of Australia crypto regulation , this incident is a significant talking point. What Did the Australian Senator Bitcoin Comment Entail? Senator Gerard Rennick’s comment was part of a broader critique, seemingly aimed at major asset managers like BlackRock, who have recently embraced Bitcoin through investment products like spot ETFs. His sarcastic tone suggested that these institutions were driving the price of Bitcoin in what he perceived as a manipulative or fraudulent manner, equating it to a “Ponzi scheme.” While delivered with apparent sarcasm, the weight of such a statement coming from a public official carries significant implications. The context of the comment is crucial. The past year has seen unprecedented interest from institutional finance in Bitcoin . The approval of spot Bitcoin ETFs in the United States, particularly those launched by financial giants like BlackRock, has been seen by many in the crypto space as a major step towards mainstream adoption and legitimacy. Senator Rennick’s view appears to stand in stark contrast to this trend, viewing institutional involvement not as validation, but as complicity in a scheme he fundamentally distrusts. Why is the “Bitcoin Ponzi Scheme” Label So Contentious? Calling Bitcoin a “Ponzi scheme” is one of the most common, yet frequently debunked, criticisms leveled against the cryptocurrency. Understanding why this label is inaccurate is key to navigating the debate: What is a Ponzi Scheme? A Ponzi scheme is a fraudulent investment operation where early investors are paid with money from later investors, rather than from actual profits. They require a constant flow of new money to survive and inevitably collapse when recruitment slows. They are characterized by a central operator, promises of high, guaranteed returns with little risk, and a lack of legitimate business activity. How Bitcoin Differs: Decentralization: Bitcoin has no central operator or administrator. It runs on a distributed network of computers. Transparency: All transactions are recorded on a public, transparent ledger (the blockchain). No Guaranteed Returns: Bitcoin’s price is volatile and determined by market supply and demand, not by a central party promising fixed returns. Investors understand they can lose money. Finite Supply: Bitcoin has a capped supply of 21 million coins, unlike Ponzi schemes which rely on an infinite supply of new victims. Utility: Beyond speculation, Bitcoin functions as a decentralized digital currency and a store of value, with a verifiable history and mechanism (mining) for creation and transfer. The fundamental structure and operation of Bitcoin are antithetical to the definition of a Ponzi scheme. While like any asset, it can be used *within* a fraudulent scheme, Bitcoin itself is not inherently one. How Did the Bitcoin Industry Body Respond? The reaction from the Australian cryptocurrency sector was swift and strong. The Australian Bitcoin Industry Body (ABIB), representing various stakeholders in the nation’s crypto ecosystem, publicly condemned Senator Rennick’s comments. According to reports, the ABIB labeled his remarks as “misinformed.” The core of the Bitcoin industry body ‘s concern wasn’t just the insult to Bitcoin itself, but the potential negative consequences for policy-making. They warned that such misinformed views from public officials could lead to poor or detrimental policy decisions regarding cryptocurrencies in Australia. This highlights a critical challenge for the crypto industry globally: educating policymakers and the public about the technology to ensure fair and effective regulation. The ABIB’s stance underscores the industry’s desire to be taken seriously and to participate constructively in discussions about its future within the established financial and regulatory frameworks. Dismissive labels from influential figures are seen as counterproductive to achieving this. What Are the Implications for Australia Crypto Regulation? Statements like that made by Gerard Rennick Bitcoin comments underscore the challenges facing Australia crypto regulation . The regulatory landscape for digital assets in Australia, much like in many other countries, is still evolving. Policymakers are grappling with how to classify, tax, and oversee cryptocurrencies and related businesses. The debate involves balancing innovation and consumer protection. On one hand, the government wants to foster technological advancement and potentially harness the economic benefits of the crypto sector. On the other hand, there are concerns about volatility, scams, money laundering, and investor risks. When influential politicians publicly express views based on what the industry considers misinformation, it can: Create public distrust in cryptocurrencies. Potentially sway policy decisions towards overly restrictive or inappropriate measures. Signal to businesses and investors that Australia might not be a welcoming environment for crypto innovation. Accurate understanding among legislators is paramount for developing regulations that are proportionate, effective, and foster a healthy ecosystem rather than stifling it. The ABIB’s warning about “poor policy decisions” is a direct reflection of this concern. Beyond the Headlines: Understanding the Broader Debate The exchange between Senator Rennick and the Bitcoin industry body is symptomatic of a larger global debate about the role and nature of cryptocurrencies. Skepticism from traditional finance and political circles is not uncommon. Concerns often revolve around: Volatility: Bitcoin’s price swings can be dramatic, posing risks to investors. Illicit Use: While a small percentage, cryptocurrencies have been used in illicit activities, a concern for regulators. Environmental Impact: The energy consumption of proof-of-work cryptocurrencies like Bitcoin is a point of criticism. Investor Protection: The decentralized and often pseudonymous nature can make recovering funds lost to scams difficult. However, proponents highlight: Decentralization: Removing control from central authorities. Store of Value: Its potential as digital gold, a hedge against inflation and economic instability. Financial Inclusion: Providing access to financial services for the unbanked. Technological Innovation: The underlying blockchain technology has applications far beyond currency. Navigating this complex landscape requires nuanced understanding, not simplistic labels like “Ponzi scheme.” Actionable Insights for Readers In light of such controversies, what should individuals interested in or invested in cryptocurrencies do? Do Your Own Research (DYOR): Don’t rely solely on headlines or soundbites from politicians or industry bodies. Invest time in understanding how Bitcoin and other cryptocurrencies actually work. Understand the Risks: Be aware that cryptocurrency investments are highly volatile and speculative. Only invest what you can afford to lose. Follow Regulatory Developments: Stay informed about proposed changes to Australia crypto regulation and how they might impact your ability to buy, sell, or hold digital assets. Look for Reputable Sources: Seek information from diverse and credible sources, including academic papers, reputable news outlets, and official regulatory announcements. Engaging with the topic thoughtfully is the best way to form your own informed opinion, rather than being swayed by potentially misinformed statements. Conclusion: The Need for Informed Dialogue on Australia Crypto Regulation Senator Gerard Rennick’s characterization of Bitcoin as a “Ponzi scheme,” while perhaps intended sarcastically, has served as a stark reminder of the educational gap that still exists regarding digital assets, even among policymakers. The swift and strong reaction from the Bitcoin industry body underscores the industry’s commitment to correcting misinformation and advocating for sensible Australia crypto regulation . As institutional adoption grows and cryptocurrencies become more integrated into the global financial system, accurate understanding among those who shape policy is more critical than ever. Incidents like this highlight the ongoing need for open dialogue, education, and collaboration between government, industry, and the public to ensure that future regulations are based on fact, not fear or misunderstanding. The debate over Gerard Rennick Bitcoin comments is likely just one chapter in the larger story of how Australia, and the world, comes to terms with this transformative technology. To learn more about the latest crypto regulation trends, explore our articles on key developments shaping Bitcoin institutional adoption. This post Australian Senator Bitcoin Attack: Why Industry Calls “Ponzi” Claim Misinformed first appeared on BitcoinWorld and is written by Editorial Team

26 May 2025, 19:33

Trump Media’s $3 Billion Plan to Acquire Bitcoin May Invite Increased Scrutiny of Trump’s Crypto Ventures

The recent decision by Trump Media and Technology Group to venture into cryptocurrency is a significant development in the intersection of politics and finance. By raising $3 billion through equity

26 May 2025, 18:48

Trump Media Seeks To Raise $3 Billion To Buy Bitcoin And Other Cryptocurrencies

The Financial Times reported today, citing six people privy to the matter, that Trump Media & Technology Group, which owns Truth Social, aims to raise $3 billion to purchase various digital assets . The capital raise, which could be announced at this week’s Bitcoin 2025 event held in Las Vegas, would be another sign of the Trump-linked firm’s deepening entanglement with the crypto industry. Trump Media’s $3 Billion Crypto War Chest Mirroring Strategy’s Playbook The Truth Media is said to be planning to raise $2 billion in fresh equity and $1 billion via a convertible bond sale to invest in Bitcoin and other digital assets, the Financial Times reported on May 26. The final details of the planned raises, including their size and timing, are subject to change, according to the report. The news of the supposed capital raise comes as an increasing number of publicly traded companies are adding cryptocurrencies, mostly Bitcoin, to their balance sheets, borrowing a page from Strategy’s playbook. The Software intelligence turned Bitcoin development firm is currently the world’s largest corporate holder of the foremost crypto, holding nearly 3% of BTC’s total supply in its treasury by financing the buys through a mix of equity and debt issuances. Broader Crypto Ventures The FT report of the $3 billion capital raise comes as Trump Media, President Donald Trump, and his family deepen their ties with the crypto market. Last month, Trump Media sealed a deal with crypto exchange Crypto.com to launch a series of “made in America” crypto exchange-traded funds (ETFs). The Trump family has also debuted a pair of meme coins, $TRUMP and $MELANIA , in addition to supporting a decentralized finance project called World Liberty Financial, and the president is attempting to create a national Bitcoin reserve — all in just the past couple of months. On May 22, President Trump hosted up to 220 of the largest holders of his TRUMP memecoin for a controversial dinner event at the Trump National Golf Club in Potomac Falls, Virginia.

26 May 2025, 18:32

Trump Media’s Potential $3 Billion Crypto Investment May Spur Increased Scrutiny of Trump’s Business Interests

Trump Media and Technology Group is set to raise $3 billion to invest in cryptocurrency, reflecting a growing trend among corporate treasury strategies. This strategic investment aims to capitalize on