Author: bitcrypto.io
The price action underscores Musk’s market-moving sway on the canine-themed meme coins. Popular canine-themed meme coins dogecoin (DOGE) and shiba inu (SHIB) spiked Friday after Elon Musk tweeted about the passing of Kabosu, the dog that inspired the tokens. DOGE surged as much as 5% to a session high of 17.3 cents within minutes after the post, while SHIB jumped nearly 3% during the same period. However, the advances proved to be short-lived as both cryptos pared gains. Still, DOGE was up 6% and SHIB gained 1% over the past 24 hours. The action underscores the market-moving sway Musk possesses…
Microsoft will launch its own mobile game store in July, the company announced at the Bloomberg Technology Summit on Thursday. Xbox president Sarah Bond shared that the company plans to bring its first-party portfolio, which includes titles like Candy Crush and Minecraft, to the mobile store at launch. Microsoft then plans to open up the mobile store to other publishers. “We’re going to start on the web,” Bond said. “And we’re doing that because that really allows us to have it be an experience that’s accessible across all devices, all countries, no matter what, independent of the policies of closed…
In response to the Securities and Exchange Commission (SEC) ‘s increasing regulatory scrutiny of the cryptocurrency industry, a small group of community members launched a decentralized anti-SEC memecoin called NotWifGary (NWG) on May 16. The memecoin project will take an anti-SEC and pro-Ethereum stance, rallying support for open-source developers and the broader Ethereum ecosystem. Heightened Regulatory Scrutiny Birthed The Anti-SEC Memecoin The creation of NWG comes amid heightened regulatory focus on crypto by figures such as SEC Chair Gary Gensler. The anti-SEC memecoin is part of a movement to counter what its creators see as unjust regulatory pressure. Marco Monaco,…
Former President Donald Trump began accepting cryptocurrency donations Tuesday, his campaign announced, continuing Trump’s embrace of digital currency after he expressed skepticism about the industry during his time as president. Trump’s campaign launched a website where donors can make contributions to his joint fundraising committees via Coinbase, announcing the new portal in a statement declaring he is the first “major party Presidential nominee” to accept digital currency. Trump announced in May he would accept cryptocurrency donations and he has warmed to the industry after saying during his presidency he was “not a fan of Bitcoin and other Cryptocurrencies.” The launch comes as…
The price of Ether, the cryptocurrency with the third biggest market cap after Bitcoin, saw a massive spike late Monday, boosting the price of other major crypto tokens as moves by the U.S. Securities and Exchange Commission raised speculation that Ether exchange-traded funds may be in line for regulatory approval soon. Ether, the native cryptocurrency of the Ethereum blockchain, rose to $3,650 early on Tuesday, up more than 17.5% over the past 24 hours. Bitcoin, the world’s most valuable crypto token, briefly crossed the $71,000 threshold before settling at around $70,880—up more than 6.1% from the previous day. Other popular…
Asian stocks drifted lower while the dollar held firm on Tuesday as investors awaited minutes of the Federal Reserve’s latest policy meeting to gauge the timing and extent of possible interest rate cuts this year. Japan’s tech-heavy Nikkei edged higher though, driven by chip shares after the Nasdaq hit a record high overnight ahead of Nvidia earnings due on Wednesday. Gold inched back towards Monday’s all-time peak, while crude oil prices eased on worries of U.S. interest rates staying high for longer as Fed officials maintained a cautious view on a recent easing of inflation. Cryptocurrencies ether and bitcoin climbed…
The intersection of Web3 and artificial intelligence (AI) is rapidly gaining traction, with blockchain technology playing a pivotal role in shaping the future of AI. As the world witnesses the exponential growth of AI, the need for decentralization, transparency, and democratization of AI resources has become more apparent than ever. Industry experts are addressing the centralization issues in AI development by using blockchain technology to democratize access to AI resources, ensuring fair compensation for contributors, and allowing secure usage of proprietary data, aiming to reshape the AI space toward a more equitable future. Democratizing Access To AI One of the…
Venezuela Acts Tough on Crypto Mining Amid Energy Squeeze, Disconnects Bitcoin Farms Venezuela’s Ministry of Electric Power is disconnecting cryptocurrency mining farms from the national grid to manage energy demand and ensure a stable power supply. This measure follows the recent seizure of 2,000 Bitcoin mining machines. Venezuela’s Government Disconnects Crypto Mining Farms to Stabilize Electricity Grid Amid Intensified Crackdown on Corruption and Illegal Activities In response to the escalating electricity consumption, Venezuela’s government has taken the drastic step of disconnecting all cryptocurrency mining enterprises from the Sistema Electrico Nacional (SEN). This measure, while seemingly harsh, is necessary to alleviate…
OpenAI is forming a new team led by Ilya Sutskever, its chief scientist and one of the company’s co-founders, to develop ways to steer and control “superintelligent” AI systems. In a blog post published today, Sutskever and Jan Leike, a lead on the alignment team at OpenAI, predict that AI with intelligence exceeding that of humans could arrive within the decade. This AI — assuming it does, indeed, arrive eventually — won’t necessarily be benevolent, necessitating research into ways to control and restrict it, Sutskever and Leike say. “Currently, we don’t have a solution for steering or controlling a potentially…
SUMMARY Bitcoin (BTC) made a stunning comeback at long last, hitting more than $73K in March 2024, soaring past its previous peak of almost $69K in November 2021 and clocking a 300% jump from November 2022, when it slumped below $20K. Given its remarkable rally, the combined market cap of the cryptocurrencies in circulation shot up to $2.5 Tn, just 10% short of the all-time high of $2.8 Tn, as per industry data. Crypto enthusiasts across the globe are delighted. The tide has presumably turned after the 2022 downturn and a wave of bankruptcies following an elaborate scam by Sam…
