[ad_1] The intersection of artificial intelligence (AI) and crypto is poised to unleash a notable wave that could add a staggering $20 trillion to the global gross domestic product (GDP) by 2030, according to a recent report by Bitcoin ETF issuer Bitwise. The study by analyst Juan Leon highlights the potential magnitude of this synergy, which is expected to surpass current expectations. The annual Consensus conference in Austin further underscored the significance of this trend, with industry experts discussing its wide-ranging implications, from tokenization and regulation to monetary policy and Bitcoin ETFs. Convergence Of AI And Crypto According to Bitwise’s…
Author: dfrancis36
[ad_1] The United States has long been a beacon of technological innovation, but in recent years, it has seen a troubling trend in the cryptocurrency sector. A combination of stringent regulations spearheaded by SEC Chair Gary Gensler and growing international competition has led to a notable decline in the US’s share of global crypto development. Regulatory Roadblocks: The Decline Of US Crypto Innovation According to a recent report by Coinbase, since 2018, there has been a 26% drop in the proportion of crypto developers based in the US, which highlights the ongoing challenges faced by the industry under the current…
[ad_1] As Bitcoin navigates through 92 days of consolidation, the crypto community watches closely for the next major move. Notably, this extended phase of stability, which is now the longest in Bitcoin’s history, has been seen as the calm before a significant price storm by some crypto analysts. Crypto analysts like Mags have been particularly vocal about the potential shifts in Bitcoin’s price trajectory, detailing a five-step roadmap that could signal major future gains. Related Reading Bitcoin’s Path Towards Higher Prices This roadmap, as outlined by Mags, sketches a cycle of breaking past, retreating, and then firmly establishing new support…
[ad_1] Dogecoin is standing at a critical point that will determine if investors will be nursing losses or enjoying gains for the foreseeable future. However, according to one analyst, the latter is likely the case as the meme coin has been observed to be forming an important generational bottom. Dogecoin Forms A Generational Bottom Crypto analyst Johnny Brah took to the TradingView website to reveal that Dogecoin is currently forming a generational bottom. This coincides with a market-wide crash that has sent the DOGE price spiraling toward the $0.14 support. As Jhonny Brah explains, this is historically for Dogecoin given…
[ad_1] Dogecoin (DOGE) is again in the spotlight as the foremost meme coin could be ready for takeoff. This follows crypto analyst Kevin’s (formerly Yomi OG) analysis of Dogecoin, in which he highlighted an important indicator that has turned bullish for the crypto token. Dogecoin Indicator Turns Green For The First Since 2020 Kevin mentioned in an X (formerly Twitter) post that the 12-day time frame on the Gaussian channel just recently flipped green on Dogecoin’s chart for the first time since December 2020. He claimed that this indicates a “potential strong bullish trend” is on the cards for the…
[ad_1] On-chain data shows that Bitcoin and Ethereum exchange supplies have gone opposite ways recently, a sign that a rotation may be on. Bitcoin’s Exchange Supply Has Gone Down While Ethereum’s Has Risen According to data from the on-chain analytics firm Santiment, the Supply on Exchanges metric has dropped to the lowest level since December 2021 for Bitcoin recently. The “Supply on Exchanges” keeps track of the total amount of a cryptocurrency’s supply in the wallets associated with all centralized exchanges. When the value of this metric rises, it means the investors are making deposits of the asset to these…
[ad_1] Lido Finance, the liquid staking protocol for the Ethereum (ETH) network, has experienced significant price declines over the past two weeks, largely influenced by the market’s downtrend and the lack of bullish momentum. However, a notable breakout could be in the making for the protocol’s native token, LDO, despite negative financial metrics. Lido And Mellow Finance’s Partnership Despite the challenging market conditions, Lido has made notable strides within its ecosystem. Collaborating with Mellow Finance as part of the Lido Alliance, the protocol has introduced advanced decentralized finance (DeFi) strategies for stETH holders. These strategies aim to leverage Mellow Finance’s permissionless…
[ad_1] Shiba Inu (SHIB) whales are at it again, with this category of investors seen to have accumulated a significant amount of the meme coin. This development follows Forbes’ recent endorsement of the second-largest meme coin by market cap. Shiba Inu Records 170% Surge In Whale Activity Data from the market intelligence platform IntoTheBlock shows that there has been a 170% surge in Shiba Inu’s large transaction volume in the last 24 hours. These transactions are ones which involve amounts above $100,000. This suggests that crypto whales are actively accumulating the meme coin, which is undoubtedly a bullish sign for…
[ad_1] A sudden and dramatic crash in the value of Curve Finance’s native token, CRV, has resulted in substantial losses for bullish investors and the platform’s founder, Michael Egorov. Blockchain analysis platform Arkham reported that Egorov faced liquidations totaling $140 million in CRV. Curve Finance Founder Egorov Liquidated In a social media post on X (formerly Twitter), Arkham confirmed that Egorov’s lending position worth nine figures was liquidated across five protocols due to the price of CRV dropping below his liquidation threshold. Related Reading Egorov’s accounts incurred over a million dollars of bad debt on Curve’s Llamalend, which he managed…
[ad_1] Paradigm, known for its early investments in projects like crypto exchange Uniswap and Ethereum scaling solution Optimism, has raised $850 million for an early-stage crypto venture fund. Founded in 2018 by Coinbase co-founder Fred Ehrsam and former Sequoia Capital partner Matt Huang, Paradigm is one of the largest venture capital investors in the cryptocurrency industry. This new fund marks Paradigm’s first since Ehrsam stepped down from a leadership role in October. “This is the sort of early-stage work that we love contributing to, and it’s what we’ll be increasingly focused on going forward,” Huang wrote in a blog post…