The Bitcoin mining industry is showing signs of a revival after a prolonged period of hardship, which saw major bankruptcies and fire sales. Although the economics of mining have only marginally improved as Bitcoin’s value rises above $20,000, capital is beginning to flow back into the sector. This indicates that investor sentiment is still largely … Read more
BTC Experiences Biggest Hourly Drop in 4 Months, Crypto Market Cap Falls by 3.82% According to CoinMarketCap, the global cryptocurrency market cap has dropped by 3.82% in the last 24 hours, bringing the total market cap to $1.03 trillion as of press time. Bitcoin (BTC), the leader of the crypto market, also suffered a price … Read more
According to a report by Galaxy Research, the Bitcoin NFT ecosystem could reach a market size of $4.5 billion by 2025. This growth is expected to continue in the coming years, with demand for the ability to store NFTs on the world’s oldest and most established blockchain increasing. The report notes that an entire infrastructure … Read more
According to data from CoinGecko, Binance USD, the stablecoin issued by Paxos and branded under the world’s largest cryptocurrency exchange by trading volume, fell to a market capitalization of $9.5 billion on Friday. This is the first time since June 2021 that BUSD’s circulating supply has gone below $10 billion. The demand for BUSD has … Read more
The culture wars have finally found their way into the field of AI, with Elon Musk leading the charge. Musk has been criticizing what he calls “Woke AI” on Twitter since the release of ChatGPT in late 2022. He specifically targeted OpenAI, the developer of ChatGPT, for its features that prevent the chatbot from repeating … Read more
Bitcoin’s inflation rate has dropped significantly over the years, making it a potential hedge against economic uncertainty and inflation. With over 90% of Bitcoin in circulation, the asset’s inflation rate is now three times lower than that of the US dollar. Bitcoin’s fixed supply of 21 million BTCs is the reason behind its dropping inflation … Read more
Yuga Labs, a heavyweight in the NFT market, is all set to auction its latest Bitcoin NFT collection TwelveFold on Sunday. The auction is scheduled to start at 3 p.m. PT, and of the 300 NFTs on offer, 288 will be available for sale, while 12 will be held back for contributors, donations, and philanthropic … Read more