Recently, Goldman Sachs and MIT analysts conducted a thorough analysis of the generative artificial intelligence (AI) market to assess investment viability both in the short and long term. Their research was plagued by the question of whether the AI market today is a bubble that is about to burst or if it is just the
The 2,564 bitcoin ATMs that have been built in 2024 are expected to beat the 2,861 units that were taken out in 2023. .In just the past 12 months, the number of cryptocurrency ATMs installed globally has increased by 17.8% to 38,279, bringing it ever closer to the record of 39,541 established in December 2022.
Floki Inu asked its users to avoid falling for these scams by only obtaining token information from reputable sources. A well-known memecoin project called Floki Inu has alerted its followers and the larger cryptocurrency community about continuing frauds involving illegal coins that are mistakenly linked to its name. On the Solana and Base blockchains, these
The total amount of Bitcoin that miners have received from Runes transactions over the past six days has been less than 2 Bitcoin, a sharp decline from the record 884 Bitcoin that they received on April 24. The number of average daily transactions for Runes, a new token standard on the Bitcoin blockchain, has decreased
On June 30, Bitcoin (BTC) volatility increased as traders braced themselves for “interesting” BTC price movements. On Bitstamp, BTC/USD reached intraday highs of $61,668. The pair bounced back from the day before’s local lows of $59,950, which represented a new decline below the crucial $60,000 barrier due to concerns about the stability of the BTC
Nigeria’s cryptocurrency community has welcomed Europe’s Markets in Crypto-Assets Regulation (MiCA) stablecoin regulations as a step in the right direction, emphasizing that it is critical for governments to put their interests in crypto projects first in order to safeguard their national currencies. Nigerian data and policy analyst Obinna Uzoije discussed his ideas on what the
According to Mark Zuckerberg of Meta, holographic-display smart glasses will gradually replace mobile phones as the main means of communication and computing for people. Artificial intelligence and open source were among the many issues that the billionaire tech tycoon discussed in a recent interview with YouTuber Kane “Kalloway” Sutter. However, when host Kalloway questioned Zuckerberg
The United States Securities and Exchange Commission (SEC) has postponed the introduction of spot Ether exchange-traded funds (ETFs) in the United States, which many had anticipated to happen as early as July 2. The debut has been pushed back to mid-July or later, according to Bloomberg ETF analysts Eric Balchunas and James Seyffart. This is because the SEC has taken longer than expected to return the S-1 forms that potential spot Ether ETF issuers submitted. After reviewing the S-1 forms, the SEC asked for revisions by July 8. This revised schedule, according to Balchunas, might push out the release of the spot Ethereum ETFs until mid-to late July. Nate Geraci, president of ETF Store, stated that the most recent batch of S-1 changes was comparatively small and projected that the SEC will approve issuers for trade in a span of 14–21 days. While the precise schedule is yet unknown, the SEC has hinted at a possible summer rollout. Earlier in June, Balchunas predicted an early July ETF launch window based on a lack of significant commentary from SEC staff on the ETF applicants’ S-1 filings. The second step in the two-step process needed for the ETFs to become live is the approval of the S-1 forms. The issuers’ 19b-4 forms were approved in May, which was the first step. On May 23, the SEC accepted eight ETF bidders’ 19b-4 submissions. The S-1 forms, in contrast to the 19b-4 forms, are subject to the SEC’s review and approval timetable rather than having a set date. The clearance procedure for spot Ether ETFs is moving along without hiccups, according to SEC Chair Gary Gensler’s confirmation on June 26. Major issuers including Invesco, VanEck, iShares, Franklin Templeton, Grayscale, BlackRock, Fidelity, and 21Shares are now able to participate in the process thanks to a regulation change authorized by the SEC. Issuers like VanEck have also submitted 8-A documents in anticipation of listing on exchanges by July 8. On the other hand, Gensler asserted that it might take many months and possibly even until September for spot Ether ETFs to be listed on stock exchanges. Gensler stated that the applicants bear full responsibility for the Ether ETF listings and that the entire process hinges on their response timelines.
The transition from specialized technology to widely used technology frequently depends on identifying concrete applications that appeal to the general public. Nonfungible tokens (NFTs) and other Web3-related technologies are not an exception. The general population is still generally unaware of the practical benefits of these developments, despite early adopters and IT aficionados welcoming them with open arms. In order to close this gap, it is necessary to show how new technologies can be used to enhance daily life and bring true ease and value. NFT ticketing is one interesting use of Web3 technology in the real world. NFT tickets offer an encrypted and authenticated way to enter events, in contrast to standard tickets, which are easily misplaced, faked, or sold. Since each NFT ticket is a distinct digital asset, its ownership and authenticity are guaranteed by being maintained on a blockchain. Because NFT tickets can include extra benefits like admission to exclusive areas, exclusive content, or merchandise, this improves security and creates new avenues for fan connection. Additionally, NFT ticketing uses blockchain technology’s decentralization to make the ticketing process more open and effective. While guests enjoy a streamlined and safe experience, event organizers can effortlessly handle ticket sales, transfers, and resales. Events that use NFTs for ticketing can lower fraud, improve efficiency, and provide a cutting-edge, tech-savvy experience that appeals to both Web3 aficionados and non-techies. This creative ticketing strategy shows how NFTs may enrich daily tasks and encourage a wider adoption of Web3 technologies. Belong, an NFT ticketing platform for communities and events, offered a branded ticketing platform for Lampu 2024, demonstrating yet another real-world application for web3 technology. Annually, over a thousand people go from all over the world to Lampu, a festival inspired by the globally recognized Burning Man, to experience the ethereal atmosphere of Bali. Rethinking event attendance with NFTs is Belong, a Cointelegraph Accelerator participant. Token-gated access infrastructure on the Web3 platform enables organizers and community owners to sell NFT passes for attendance at events in both fiat and cryptocurrency. This year, the festival collaborated with Belong to provide attendees with a more seamless experience, from ticket purchases to in-event alerts. The event was held from February 29 to March 3. Belong customized the landing page with the Lampu logo for the event, enabling multiple UX optimizations to draw in visitors outside of the Web3 ecosystem. On the Belong website in Lampu, users may view event calendars, connected communities, and real-time updates. Festivals like Bali’s Lampu, which honor the universality of music, draw attendees from a far wider range of backgrounds. Terms like NFT ticketing and cryptocurrency payments may sound too sophisticated for festival attendees who are not familiar with Web3. For this reason, Belong combined Web2 and Web3 technologies to provide the perfect ticketing experience for Lampu, mainly by adding flexible payment choices. The USD Coin stablecoin, a cryptocurrency based on the US dollar, and well-known Web2 payment options were available to attendees of the Lampu festival as ways to pay for their experiences. Users could select Web3 wallets, Apple Pay, and Google Pay as their primary payment methods directly from the payments page. For international attendees, having the option to pay with a stablecoin like USDC eliminates the hassle of currency exchange and potential transaction fees associated with traditional banking. Additionally, integrating Web3 wallets caters to the growing number of crypto enthusiasts, providing them a seamless way to engage with the
Decentralised exchanges and self-custodial wallets are exempt from the Internal Revenue Service’s broker reporting regulations. On June 28, the US Internal Revenue Service (IRS) unveiled the final draft of the new crypto broker reporting regulations and provided clarification on the range of industry players impacted by the new regulatory modifications. Decentralised exchanges and self-custody wallets
Judge Amy Berman Jackson, however, cited the Ripple ruling in rejecting the SEC’s argument that BNB is traded illegally on secondary markets. The nation’s securities commission has brought numerous lawsuits against cryptocurrency exchange Binance, and the company has not been able to persuade a US judge to dismiss them. According to a court filing dated
The head of the financial watchdog stated that if the money was found, it could greatly improve the continent’s infrastructure, healthcare system, and educational system. Artificial intelligence (AI) and blockchain technology have been emphasised by Olanipekun Olukoyede, the chairman of Nigeria’s Economic and Financial Crimes Commission, as instruments to combat illicit financial flows (IFFs) in
Loans backed by bitcoins allow borrowers to obtain funds while keeping ownership of their bitcoins by using their holdings as security. Loans backed by bitcoin are a creative way to combine traditional lending with the cryptocurrency sector. These loans provide a special way for holders of Bitcoin to access liquidity by allowing them to use
The first phase of the historic, all-encompassing law controlling digital assets by the European Union will go into force on Sunday. Europe has succeeded in providing legal and regulatory certainty for the entire digital asset market—rather than just a portion of it—with the Markets in Crypto-Asset Regulation framework, something that other countries, including the U.S.,
Just as the quiet surface of a pond might conceal the extent of the dynamic ecology underneath, there is always activity in some corner of the cryptocurrency market even when the headline stats don’t indicate anything is happening. That has been the situation lately. A bleak image of the cryptocurrency market has been painted by
Curve Finance has switched from using the 3cr token to its own stablecoin, crvUSD, for the distribution of fees. In order to encourage users, the move attempts to increase the usefulness of crvUSD and incorporate the stablecoin into the Curve Finance network.A press release that was shared states that the move to crvUSD for fee
Co-founder of Kraken Jesse Powell supports pro-crypto policies against regulatory crackdowns by lending $1 million in Ether to Trump. Kraken co-founder Jesse Powell said on X that he had personally contributed $1 million to Donald Trump’s 2024 presidential campaign, the most of which was made up of Ether. Powell underlined that, as the only candidate
Riot abandoned its bid to purchase all of Bitfarms’ shares at $2.30 a share, citing difficulties working with the company’s present board. Riot Platforms and Bitfarms, two of the biggest Bitcoin mining companies, are engaged in a bitter cold war. Bitfarms has named a new board member to prevent any kind of “hostile takeover.” Riot
The country’s 2014 restriction on the usage of cryptocurrencies has ended as a result of the shift in regulatory policy. In an effort to modernise its payment system, the Central Bank of Bolivia (BCB) has lifted its prohibition on Bitcoin and other cryptocurrencies, permitting financial institutions to deal with digital assets. According to the central
Cryptocurrency traders are effectively using triangle arbitrage, a trading strategy that allows them to profit from price differences of digital assets across multiple platforms. Although it is a complex strategy requiring a sophisticated skill set, the use of bots streamlines the process. A triangular arbitrageur detects irregularities in the market and executes concurrent trades across
Decentralised interchange of orderbooks After raising $17 million in investment since its founding in 2020, Bluefin will introduce its governance token in July. Prior to the token launch, the exchange, which enables users to trade cryptocurrency perpetual swaps on the Sui network, has recently secured an undisclosed amount of financing from trading behemoth Flow Traders.
“Tezos X,” a collection of technology enhancements that the Tezos blockchain development teams released, is expected to result in a “huge boost in performance, composability and interoperability.” A distinct “canonical rollup” for transaction execution is proposed in the roadmap, which lays out a development schedule for the following two years. This rollup is intended to
Collaborating to develop cryptocurrency products that provide exposure to cryptocurrency companies in addition to exchange-traded funds (ETFs) based on spot and futures trading is State Street Global Advisors and Galaxy Asset Management. To register a cryptocurrency-based fund known as the SSGA Active Trust, State Street Global Advisors, a division of State Street, a major financial
A new Solana exchange-traded fund (ETF) has been filed by VanEck, one of the first spot Bitcoin ETF providers in the US. Head of VanEck’s digital assets research Matthew Sigel announced on X on June 27 that the company had submitted an application to the U.S. Securities and Exchange Commission (SEC) for a Solana ETF.According to Sigel, the VanEck Solana Trust is a new fund that seeks to take advantage of Solana’s high utility, decentralized structure, and economic viability. The executive claims that the trust is the first Solana ETF to be filed in the US. In the post, Sigel provided a few remarks on why the company believes SOL is a commodity. He wrote. “We believe the native token, SOL, functions similarly to other digital commodities such as Bitcoin and Ether. It is utilized to pay for transaction fees and computational services on the blockchain. Like ether on the
The Women’s National Basketball Association (WNBA) Commissioner’s Cup Championship saw the Minnesota Lynx overcome the New York Liberty on June 25, and women’s sports bars across the country were crowded with fans. Coinbase, the game’s sponsor, provided the entertainment. 56 people arrived at the packed Sports Bra in Portland, Oregon, to enjoy bar bites and one complimentary glass of wine or beer (no free cocktails, not even for Cointelegraph). After accepting an invitation from Coinbase or the WNBA, they also received a free T-shirt. Bars in Seattle, St. Paul, and New York City had similar incidents. As part of a multiyear agreement, Coinbase has sponsored the NBA and WNBA for the past three years. It was good timing. “The growth in the league [WNBA] has been huge. Selling out stadiums — that’s the first time it’s happened in the last couple of years,” Sports Bra operations manager Katie Leedy told Cointelegraph. According to Leedy, Coinbase got in touch with Jenny Nguyen, the owner of Sports Bra, to propose the watch party, and the bar’s management worked closely with the cryptocurrency exchange to make everything happen. According to Kate Rouch, chief marketing officer of Coinbase, Cointelegraph. “Encouraging women to participate in an updated, more empowering financial system is one reason we
The volume of deals involving bitcoin mining is increasing, as CleanSpark (CLSK) has committed to purchasing rival GRIID Infrastructure (GRDI) for $155 million in all-stock. According to a statement released on Thursday, CleanSpark will pay off the $5 million bridging loan, which represents roughly $50.9 million, and assume all of GRIID’s debt and other obligations as part of the transaction. “This acquisition would give us a clear and steady path over the next three years to accomplish in Tennessee what we proudly achieved in Georgia over the past three years,” said CleanSpark’s CEO Zach Bradford. “That achievement was to build out over 400 MW of infrastructure backed by valuable, long-term power contracts.” Following the announcement, CleanSpark’s shares increased by about 4%, while GRIID’s fell by more than 50%, suggesting that traders are likely viewing the acquisition as a fire sale. The announcement coincides with a spike in bitcoin mining mergers and acquisitions (M&A) as a result of the industry’s recent halving, which further heightened competition in an already cutthroat market.A hostile takeover attempt has been going on between Riot Platforms (RIOT) and Bitfarms (BITF) recently, while Core Scientific (CORZ) is also being considered for acquisition by a cloud computing company. According to the announcement, CleanSpark expects this contract to finish in the third quarter and that by year’s end, Tennessee’s capacity will have surpassed 100 MW. Over time, that capacity will expand to 200 MW next year and more than 400 MW in 2026. Additionally, the companies have a hosting agreement in which CleanSpark will receive 20 megawatt (MW) of power capacity. After multiple delays brought on by the harsh crypto winter, GRIID was created in 2018 and went public on the Nasdaq earlier this year. At the moment, the miner operates mining sites in Limestone, Maynardville, Watertown, New York, and Lenoir City, Tennessee.
17% of the native token supply of layer 2 blockchain Blast has been given to people who staked ether (ETH) earlier this year in order to farm points. According to Ambient Finance, the token had a $3 billion fully diluted market cap upon launch, with a launch price of about $0.03. After the initiative launched
Ora, a blockchain project that aims to integrate artificial intelligence (AI) into decentralized applications (dapps), announced that it has raised $20 million from investors, including Hashkey Capital, Polychain, and HF0. In a news statement, the project stated that the additional funding will enable it to “continue developing its technology and infrastructure for tokenizing AI models
A $5 million reward is being offered by the U.S. State Department for information that results in the arrest or conviction of Ruja Ignatova, the founder of OneCoin and dubbed the “Cryptoqueen,” who disappeared in Athens in 2017. The previous reward of $250,000 offered by the Federal Bureau of Investigation (FBI) has been increased to
Securitize and alternative asset management Investcorp have partnered to explore fund tokenization potential. Within Investcorp’s Strategic Capital Group (ISCG), which was established in 2019 and has $1.5 billion in assets under management, the two companies will first create tokenized funds. In the areas of buyout, secondaries, structured equity, private credit, and real asset strategies, ISCG
