The intersection of cryptocurrency and artificial intelligence (AI) has the potential to significantly impact the global GDP, with predictions suggesting a $20 trillion injection by 2030. This forecast was highlighted at a recent Consensus conference in Austin, where industry leaders came together to discuss the future of blockchain technology, regulation, and the ever-expanding field of
Crypto
The recent report released by Coinbase raises concerns about the decreasing number of crypto developers in the United States. Over the past five years, the percentage of US-based crypto developers has dropped by 14 points to just 26% today. This decline in talent is seen as a major obstacle to the adoption and growth of
Bitcoin has recently experienced a drop to a monthly low of $65,000, marking a 5% decrease from the previous week. Despite this short-term fluctuation, the overall trend shows that Bitcoin has been consolidating since early March. This period of relative stability is unusual for Bitcoin, with analyst James Check noting that the 30-day price range
Recent events in the ongoing feud between Nigeria and Binance have taken an interesting turn. The Federal Inland Revenue Service (FIRS) of Nigeria has decided to drop the tax evasion charges against Tigran Gambaryan, Binance’s head of financial crime compliance, and Nadeem Anjarwalla, the exchange’s director for Africa operations. This decision comes after a series
Bitcoin (BTC) has taken a hit in the past week, dropping by 4.5% and reaching a monthly low of $65,000. This decline in value may be attributed to a rise in selling from mining entities. According to the latest CryptoQuant weekly report, Bitcoin mining entities have been sending a significant amount of BTC to exchanges,
Ripple has recently announced its plan to launch a stablecoin named Ripple USD (RLUSD) in 2024 on both the XRP Ledger and Ethereum. The company sees this stablecoin as a way to bridge the gap between traditional finance and the cryptocurrency industry. However, this move has already faced criticism from the SEC for being an
In May, KuCoin exchange’s research arm released a report on cryptocurrency performance, noting $1 billion in new investments, which represented a slight decrease from the previous month. The report highlighted that institutional investors predominantly favored Ethereum and EVM-focused platforms during this period. Over 50% of the projects received financing between $1 million and $10 million,
Recent findings from blockchain intelligence firm TRM Labs have brought to light the significant increase in cryptocurrency deposits into crypto addresses associated with Chinese drug precursor manufacturers. The data reveals that these deposits more than doubled in the first four months of 2024 compared to the same period in 2023. In 2023, Chinese precursor networks
Ethereum faced a 4.4% loss this week, signaling a shift in momentum towards the bearish side. The key support at $3,500 has been tested as sellers took control of the price action. While this pullback could be seen as a normal retest following the massive breakout after the ETF confirmation, it is essential for buyers
Bitcoin has been struggling to break past its recent all-time high of over $73,000, but Bernstein, a well-known brokerage firm, remains bullish about the future trajectory of the asset. In fact, in its latest report, analysts at Bernstein have revised their long-term price forecast for Bitcoin to $200,000 by the end of 2025. This is
