Author: NBTC
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Once thought of as distinct trends in technology—artificial intelligence and blockchain—are rapidly converging. These diverse sub-sectors include everything from decentralized energy and decentralized physical infrastructure networks to model fine-tuning and computation infrastructure. You might also like: Creator economy 2.0: AI and web3 define the digital success | Opinion Some skeptics might balk at startups that advertise their use of AI and blockchain, the two biggest buzzwords in business today, believing that they are simply trying to ride…
Data shows derivatives exchange users are still shorting Bitcoin after the recovery that the cryptocurrency has enjoyed beyond the $57,000 mark. Bitcoin Funding Rate Is Still Negative On Major Exchanges According to data from the analytics firm Santiment, investors have been shorting BTC for the last few days. The indicator of interest here is the “Funding Rate,” which keeps track of the periodic fee that the derivatives contract traders on a given exchange are paying each other right now. When the value of this metric is positive, it means the long contract holders are paying a premium to the short…
Ripple advances RLUSD beta testing on Ethereum and the XRP Ledger (XRPL) with more tokens issued. Ripple has continued to advance the beta testing of its proprietary Ripple USD (RLUSD), its upcoming stablecoin, on both the Ethereum network and the XRP Ledger (XRPL). Particularly, on September 24, Ripple issued 485 RLUSD tokens at 12:28 AM UTC, marking the largest release during the stablecoin’s testing phase. This recent issuance has increased RLUSD’s maximum total supply to 563 tokens. Indeed the biggest mint of #RLUSD on XRPL and ETH so far. Yes token issuance is just a payment 😮 https://t.co/6O12YM0vLM pic.twitter.com/9jNz4F2u6E —…
Core Scientific is expanding its AI deal with CoreWeave. Russell Cann, Core Scientific’s chief development officer, talked to CoinDesk about the particulars of the bitcoin miner’s multi-billion dollar infrastructure agreement with CoreWeave. AI fleets and bitcoin mining operations have very different requirements, Cann said, with AI clusters being much more capital intensive. Bitcoin miner Core Scientific (CORZ) revealed a deal on Tuesday to help cloud-computing firm CoreWeave expand its artificial intelligence capabilities. It’s easy to think that Core Scientific is simply jumping on the AI bandwagon with this agreement (which it hopes will generate $8.6 billion in revenue over 12…
The Buenos Aires government has incorporated zero-knowledge proofs into its app for accessing city services. ZK proofs allow users to prove something is true about a set of data without revealing that data, e.g. that they are of a certain age without giving their birthdate. The technology is being tested in other jurisdictions, including Uruguay. The city of Buenos Aires has launched a digital identity service designed to strengthen residents’ privacy using zero-knowledge proofs, a type of cryptography that long predates but often bolsters cryptocurrencies. The service, QuarkID, has been integrated into miBA, the city’s seven-year-old app for accessing municipal…
Former President Donald Trump and Vice President Kamala Harris faced off in their first presidential debate tonight. Both candidates arrived with well-prepared agendas, but Bitcoin enthusiasts were disappointed as neither addressed cryptocurrency reforms. The debate focused on issues like climate change, abortion rights, international conflicts, and economic reforms. Harris repeatedly stressed her plans for addressing the country’s challenges, presenting herself as a champion of the middle class. Meanwhile, Trump dismissed her claims, offering counterarguments that fell short of making a significant impact. Cryptocurrency and Bitcoin was absent from the discussion. This comes on the heels of Trump’s recent appearance at…
Ondo Finance joins MakerDAO’s Spark Tokenization Grand Prix, proposing OUSG and USDY for $1B in tokenized assets. OUSG and USDY offer innovative on-chain investment opportunities, with growing demand across multiple blockchains. In a tweet, Ondo Finance has announced its participation in the Sky Ecosystem’s Spark Tokenization Grand Prix, strengthening its position as a pioneer in on-chain financial assets. Ondo Finance has submitted bids to the Grand Prix for two of its flagship products—OUSG and USDY—with a combined Total Value Locked (TVL) of more than $600 million, with the goal of onboarding $1 billion in tokenized financial assets. This move emphasizes…
The BRICS summit in Kazan, Russia, raised the issue of international sanctions and capital controls. Bitcoin (BTC) mining was raised as potentially bypassing the sanctions. BRICS may bring back dominance in Bitcoin (BTC) mining and use the valuable coins as betting chips for international finance. The formation of a BRICS group as an alternative to Western economic regions raises the question of sanctions and cross-border capital controls, which are often circumvented with crypto usage. If BRICS countries manage to mine Bitcoin, they could find buyers and bypass some of the sanctions, experts suggested. This time around, BRICS countries may not…
Tokenized investment platform Elmnts has launched on Solana, aiming to make it easier for traders to invest in a range of funds backed by mineral rights royalties. Mineral rights royalties are a form of passive income generated by companies that extract resources such as oil or gas from fund-owned properties. Energy market analytics company RBN Energy estimates that mineral and royalty interests amount to $700 billion. Qualified retail and institutional investors can browse tokenized mineral rights-based funds, invest in them and review their portfolio’s performance directly on the platform, Elmnts said Tuesday in a statement. The company said funds on…
Bitcoin price started a decent increase above the $56,500 resistance. BTC is now struggling to clear the $58,000 resistance and is consolidating gains. Bitcoin is attempting a fresh increase from the $52,500 support zone. The price is trading above $56,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $56,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain pace if it clears the $58,000 and $58,200 resistance levels in the near term. Bitcoin Price Faces Resistance Bitcoin price started a decent increase after…