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Mismatch Between the Demand and Supply of GPUs Stifling AI Innovation — Tory Green
4.11.2023
The mismatch between the demand and supply of graphics processing units (GPUs) is potentially stifling artificial intelligence (AI) innovation, Tory Green, the COO of the decentralized GPU cloud service provider io.net, has said. According to the COO, this mismatch stems from the fact manufacturers...
Analysts Observe Rising Stablecoin Supply, Indicating Capital Inflow
3.11.2023
The total supply of stablecoins has surged in recent weeks, coinciding with a significant rally in the price of Bitcoin (BTC), on-chain data shows. The growth in stablecoin supply has followed an extended surge in the broader crypto market that started after a false report on October 16 said a spot...
Stablecoin Market Rises by Over $600M in October Despite Mixed Supply Dynamics
3.11.2023
The stablecoin economy experienced growth in October after several consecutive monthly declines. In the last month, a total of $608 million was added to the fiat-pegged token market. Despite the increase, six stablecoins out of the top ten saw supply reductions during the month. Fiat-Pegged Token...
Jack Dorsey’s Block Reports Strong Q3 Earnings; Profits from Bitcoin Holdings Surge
3.11.2023
Block, the Bitcoin-focused fintech company led by Jack Dorsey, reported robust financial results for the third quarter of 2023, surpassing analyst expectations and marking a profitable period. The firm recorded $5.62 billion in revenue for Q3 2023, a notable achievement driven by strong growth...
As PEPE2 Meme Coin Climbs Up 3500%, This Other Crypto Has Clinched $3.2 Million – Next 100x Crypto?
3.11.2023
In a catapult move dazzling meme coin markets, PEPE2 has accelerated up +3,500% in a Pepecoin alternative play – but could this other crypto be next? Built on the idea of giving new retail investors the opportunity to get in on a second PEPE run, PEPE2 (a Brother’s marketing related...
Bitcoin Miners Record 10% Stock Growth As Asset’s Price Surge
3.11.2023
The price growth in the cryptocurrency market has resulted in big wins for several sectors including Bitcoin (BTC) miners, blockchain-based firms, and yield farmers. Bitcoin miners have recorded over 10% stock growth as the asset’s price trades near $35,000, close to its 17-month high. ...
Argentina’s E-Commerce Giant MercadoLibre Reports $21 Million in Customer Crypto Assets
2.11.2023
MercadoLibre , the renowned e-commerce platform in Argentina, has seen notable growth in its crypto segment. According to the company’s latest quarterly earnings report, MercadoLibre’s customers held a total of $21 million in crypto assets as of September 2023, a significant increase...
SUSHI and BDX Spearhead Market Surge as 2 Dozen Cryptos Witness Double-Digit Gains
2.11.2023
On November 2, 2023, the crypto economy is thriving, boasting a value of $1.31 trillion following a 2.88% increase in the past 24 hours. Bitcoin has notably surpassed the $35,000 mark, showing a 2.8% increase, while a wide array of two dozen digital assets have experienced double-digit growth this...
Institutional Firms Projects Ether As Crypto with The Biggest Growth Outlook: Survey
1.11.2023
Global wealth fund managers have backed Ethereum (ETH) as the asset with the highest growth projection despite a slow price increase in recent months, a new survey shows. A new CoinShares Digital Asset Quarterly Fund survey shows an analysis of market-related activities, regulation,...
Brazilian Tax Authority Acknowledges ‘Vertiginous Growth’ of Stablecoin Trading
1.11.2023
The Brazilian Tax Authority (RBF) recently published an article acknowledging the growth in stablecoin trading in the country, which has taken the Brazilian cryptocurrency market by storm. The most transacted stablecoin is Tether’s USDT, which has moved more than 271 billion reals (close...
Vitalik Buterin Foresees Diverse Scaling Strategies for Ethereum L2 Solutions
31.10.2023
Ethereum’s co-founder, Vitalik Buterin, has released a comprehensive analysis that delves deep into the intricate world of Layer 2 (L2) solutions on the blockchain. Different types of layer 2shttps://t.co/ry4VTtWhJ1 — vitalik.eth (@VitalikButerin) October 31, 2023 In a chain analysis...
Animoca Brands and NEOM company to foster regional Web3 growth
31.10.2023
Animoca Brands Corporation Limited, or the Company, has formally announced its exclusive partnership with NEOM Company (NEOM). In accordance with the memorandum of understanding signed by both parties, they will continue to promote local Web3 initiatives in line with Saudi Vision 2030....
State Channels ‘Significantly Reduce Congestion and Transaction Fees,’ Ideal for Decentralized Exchanges — Louis Bellet
28.10.2023
According to Louis Bellet, the founder of the Layer-3 peer-to-peer protocol Yellow Network, crypto trading has not scaled largely because it remains unregulated in many places which in turn “greatly slows down its growth and produces tons of scams.” In contrast, traditional finance...
Bitcoin Products Dominate 73.3% of Market Share as Crypto Assets Under Management Grows to $31.7 Billion
27.10.2023
Digital assets under management have soared by 6.74% to $31.7 billion after a string of positive developments amid wider market uncertainties. A new market report released by CCData shows growth in crypto-related products, key activities, and a review of trading volumes in the wake of plunging...
Binance Labs Investment in SocialFi CyberConnect Propels Token Over 30%
26.10.2023
Web3 social platform, CyberConnect, records a soaring 31.2% growth in the last 24 hours after Binance Labs announced an investment into the firm. The venture capital division of the largest cryptocurrency exchange by volume, Binance Labs revealed on X (Twitter) that it made a follow-on investment...
Chainlink tweets about 3 pillars driving economic growth
25.10.2023
Chainlink recently released a tweet on its official X/Twitter account to talk about its economic growth. The renowned Oracle solution provider is experiencing rapid growth across its three pillars. These pillars are: Increased Monetization: Be it introducing new payment models or day-1 monetization...
Robert Kiyosaki Says Bitcoin Headed for $135,000 While Gold Will Soon Take Off
22.10.2023
Rich Dad Poor Dad author Robert Kiyosaki expects the price of bitcoin to reach $135,000. He also foresees substantial growth in the price of gold, reaching $3,700 in the near future. In contrast, the renowned author has warned that savers of U.S. dollars, which he calls “fake money,”...
Crypto Exchange Coinbase Chooses Ireland as EU MiCA Hub
21.10.2023
U.S. cryptocurrency exchange Coinbase has selected Ireland as the main regulatory hub for its operations across the European Union. The company hopes to obtain a license in Ireland that will allow it to provide services in EU member states under the pan-European Markets in Crypto Assets (MiCA) law....
Economists Warn Direct Iran-Israel War Could Trigger Global Recession
20.10.2023
Bloomberg’s economists have warned that a direct war between Iran and Israel could trigger a global recession. “Soaring oil prices and plunging risk assets would deal a substantial blow to growth, and take inflation a notch higher,” they said. “The wider the conflict spreads, the more...
Solana and Bitcoin Spark have the highest growth potential in 2023, according to crypto experts
20.10.2023
Seasoned crypto experts have identified Solana and Bitcoin Spark as standout projects with the highest growth potential. These blockchains earn the spotlight due to their innovative features, scalability, and the broader trends shaping the crypto sphere. What makes SOL and BTCS candidates...