The intersection of artificial intelligence (AI) and cryptocurrency is poised to revolutionize the global economy, with Bitwise predicting a potential injection of $20 trillion into the global GDP by 2030. This forecast was unveiled at the annual Consensus conference in Austin, where industry leaders gathered to discuss the future of blockchain technology, regulation, and the
Crypto
The recent report released by Coinbase has shed light on a concerning trend – the declining number of crypto talent in the United States. According to the largest US exchange, there has been a significant drop in US-based crypto developers, down by 14 points over the past five years to a mere 26% today. This
Recent developments in the ongoing saga between Nigeria and Binance have seen the Federal Inland Revenue Service (FIRS) of Nigeria withdrawing tax evasion charges against Tigran Gambaryan, Binance’s head of financial crime compliance, and Nadeem Anjarwalla, the director for Africa operations. This decision comes after a series of events that unfolded, including Anjarwalla escaping from
Bitcoin (BTC) has experienced a 4.5% decline in the past week, reaching a monthly low of $65,000. This drop in the value of the cryptocurrency has been attributed to a rise in selling activity from mining entities. According to the latest CryptoQuant weekly report, there has been a significant increase in the number of BTC
Bitcoin recently experienced a dip to a monthly low of $65,000 on June 14, marking a 5% decrease compared to the previous week. Despite this short-term fluctuation, the bigger picture reveals that the cryptocurrency has been consolidating within a tight range since early March. Analyst James Check noted that Bitcoin has been unusually quiet, with
Ripple has recently announced its plans to launch a stablecoin called Ripple USD (RLUSD) in 2024, which will be available on both the XRP Ledger and Ethereum. This stablecoin is expected to act as a bridge between traditional finance and the crypto industry. Despite the anticipation surrounding its launch, the stablecoin has already faced criticism
In the month of May, KuCoin exchange’s research arm reported a total of $1.02 billion in new investments in the cryptocurrency space. This amount represented a slight decrease from the previous month, with April seeing a total of $1.09 billion in investments. Despite the month-over-month decline, there was still a 10.61% increase from May 2023,
Recent findings from blockchain intelligence firm TRM Labs indicate a significant surge in cryptocurrency deposits into crypto addresses associated with Chinese drug precursor manufacturers. The data revealed that from January to April 2024, cryptocurrency deposits more than doubled compared to the same period in 2023. In 2023, Chinese precursor networks received over $26 million in
Ethereum faced a loss of 4.4% this week, marking a shift in its bullish momentum. The price was pushed down to the key support level of $3,500 by sellers. While this pullback could be seen as a normal retest after the recent breakout following the ETF confirmation, the rejection at $4,000 resistance for the second
Amidst the fluctuations in the price of Bitcoin, Bernstein, a prominent brokerage firm, has maintained a positive outlook on the future trajectory of the leading cryptocurrency. In a recent report, analysts at Bernstein revised their long-term price forecast for Bitcoin, setting a new target of $200,000 by the end of 2025. This updated prediction surpasses
