The potential impact of the combined forces of the cryptocurrency industry and artificial intelligence (AI) is staggering. According to Bitwise, a U.S. spot Bitcoin ETF issuer, this partnership could inject a massive $20 trillion into the global GDP by 2030. This bold prediction was made at the annual Consensus conference in Austin, where industry leaders
admin
Coinbase recently released a report highlighting the declining presence of crypto talent in the United States. The report revealed that over the past five years, the number of US-based crypto developers has decreased by 14 points to only 26% today. This downward trend in talent could pose a significant challenge to the growth and adoption
Bitcoin has recently experienced a drop to a monthly low of $65,000, marking a 5% decrease compared to the previous week’s price. Despite this short-term volatility, when looking at the broader timeline, it is evident that the cryptocurrency has been consolidating since early March. Analysts have noted that such calm periods are rare for Bitcoin
In recent updates regarding the ongoing saga between Nigeria and Binance, the tax evasion charges against Tigran Gambaryan, Binance’s head of financial crime compliance, and Nadeem Anjarwalla, the exchange’s director for Africa operations, have been dropped by the Federal Inland Revenue Service (FIRS) of Nigeria. This comes after the two executives were charged with four
Ripple, a prominent player in the cryptocurrency industry, recently announced its intention to launch a stablecoin known as Ripple USD (RLUSD) in 2024. This new stablecoin is set to operate on both the XRP Ledger and Ethereum platforms. The company aims for RLUSD to act as a bridge between traditional finance and the digital asset
Bitcoin (BTC) has experienced a 4.5% decrease in value over the past week, hitting a monthly low of $65,000. This decline has been attributed to a surge in selling activity from Bitcoin mining entities. According to analysts from the latest CryptoQuant weekly report, the number of BTC sent from mining pools to exchanges has spiked
In May 2024, KuCoin exchange’s research arm released a comprehensive report on the performance of various cryptocurrencies. The report highlighted the trends in investments within the crypto realm, showcasing new insights into the preferences of institutional investors and the overall fundraising landscape. The report revealed that there was a total of $1.02 billion in new
Recent findings from blockchain intelligence firm TRM Labs have shed light on the growing trend of cryptocurrency payments within Chinese drug precursor networks. In the first four months of 2024, cryptocurrency deposits into crypto addresses linked to these manufacturers more than doubled compared to the same period in 2023. This highlights a significant shift towards
The latest data from CoinMarketCap reveals that Bitcoin has experienced a decrease in market price by 4.65% within the past week. This decline has left many investors concerned about the future performance of the cryptocurrency. Crypto analyst Ali Martinez has issued a price alert warning that Bitcoin could face further losses if it does not
In recent decades, the world has experienced financial chaos as governments have printed money at will, leading to inflation, economic instability, and a decline in public trust in financial systems. The transition to fiat currency post-World War II fundamentally altered the financial landscape, providing flexibility but also paving the way for these issues. The introduction
