The convergence of the cryptocurrency industry and artificial intelligence (AI) is predicted to significantly impact global GDP, with projections estimating a potential injection of $20 trillion by 2030. At the annual Consensus conference in Austin, industry leaders gathered to discuss the future of blockchain technology, regulation, and the expansive realm of AI. One of the
Crypto
Coinbase recently released a report expressing concerns about the dwindling pool of crypto talent in the United States. According to the report, there has been a significant decline in the number of US-based crypto developers, dropping by 14 points over the past five years to a mere 26% today. The largest US exchange attributes this
Recent developments in the ongoing saga between Nigeria and Binance have seen the Federal Inland Revenue Service (FIRS) withdrawing tax evasion charges against Tigran Gambaryan and Nadeem Anjarwalla, high-ranking executives at the exchange. This move comes after a series of events that have garnered media attention and raised questions about the relationship between the two
Bitcoin has recently experienced a drop to a monthly low of $65,000 on June 14th, marking a 5% decrease from the previous week. Despite this short-term fluctuation, when observing the bigger picture, it is evident that Bitcoin has been consolidating within a narrow range since early March. Analysts have noted that such a period of
Bitcoin (BTC) has experienced a 4.5% decline in the past week, reaching a monthly low of $65,000. This drop in value is believed to be attributed to the heightened selling activity from mining entities. According to analysts in the recent CryptoQuant weekly report, Bitcoin mining entities have been sending an increased number of BTC to
Ripple is set to introduce a new stablecoin called Ripple USD (RLUSD) in 2024 on both the XRP Ledger and Ethereum platforms. This stablecoin is designed to act as a link between traditional finance and the cryptocurrency industry. Despite the promising prospect of RLUSD, the United States Securities and Exchange Commission (SEC) has already criticized
In a recent report by KuCoin exchange’s research arm, it was noted that the cryptocurrency market saw $1 billion in new investments in May. This represents a slight decrease from the previous month, indicating a 6.4% decline in investment figures. However, when compared to May 2023, there has been a 10.61% increase in disclosed investments,
In a recent report by blockchain intelligence firm TRM Labs, it was revealed that cryptocurrency deposits into crypto addresses linked to Chinese drug precursor manufacturers have more than doubled in the first four months of 2024 compared to the same period in 2023. This surge in cryptocurrency transactions indicates a growing trend of using digital
Ethereum experienced a 4.4% loss in price this week, signaling a shift in bullish momentum. The price action was dominated by sellers, pushing the cryptocurrency down to the key support level at $3,500. Despite this pullback, there is optimism that it could be a normal retest following a significant breakout after the ETF confirmation. As
Bitcoin has faced challenges in surpassing the recent all-time high of $73,000, but Bernstein, a prominent brokerage firm, remains positive about the future trajectory of the asset. In a recent report, Bernstein analysts revised their long-term price forecast for BTC to $200,000 by the end of 2025, up from their previous prediction of $150,000 for