Author: NBTC

By turning to artificial intelligence (AI), Bitcoin miners could unlock significant new revenue streams, potentially increasing annual profits to nearly $14 billion by 2027. This prediction comes from VanEck’s head of digital assets research, Matthew Sigel, and digital assets investment analyst Nathan Frankovitz, who discussed the potential synergy between Bitcoin mining and artificial intelligence in a recent blog post. “The synergy is simple: AI companies need energy, and Bitcoin miners have that energy,” Sigerl says. According to their analysis, if the 12 largest publicly traded Bitcoin miners dedicated 20% of their energy capacity to AI computing, their average annual profits…

Delysium has collaborated with Galaxy Digital to drive innovation in Web3 and AI. As a result of this partnership, Galaxy Digital will attend KBW2024, one of the most significant blockchain events in Asia, Korea Blockchain Week. Proud to have @galaxyhq, a digital asset and blockchain leader providing access to the growing digital economy, join the @The_Delysium side-events at @kbwofficial Together, we’re at the forefront of shaping the future of AI and Web3, paving the way for enhanced access and… pic.twitter.com/STReLzmXXL — Delysium – $AGI 🟨 (@The_Delysium) August 22, 2024 The architecture of Delysium is simple to sustain an advanced AI-Agent…

Between Bitcoin and Ethereum, the state of the cryptocurrency market today is displaying a sharp contrast. While ETH is seeing withdrawals, BTC is exhibiting strength, with steady inflows into spot ETFs for 12 straight days, suggesting a difference in investor sentiment between the two biggest cryptocurrencies. Bitcoin is currently maintaining its position with slight optimism. Thanks to a recent bounce from the 100-day moving average, Bitcoin has been able to maintain its position above $62,000. This level has served as an important support, and the bullish momentum may continue as long as BTC stays above it. The substantial inflows into…

The concept of CBDCs — short for “central bank digital currencies — has been around since the early days of crypto, and in recent years it has garnered a lot of interest from central banks themselves. Last year, a study by the U.S.-based think tank Atlantic Council revealed that 130 countries were actively exploring the idea of launching a digital, blockchain-based version of their national currencies, with almost half of them having progressed to the development stage. Fast forward another year, and a handful of countries have already gone ahead and launched their official CBDCs, and there are many more…

When French authorities arrested Telegram founder Pavel Durov after his attempted meeting with Vladimir Putin, conspiracy theories spread like wildfire. Andrew Tate was early to spin the news in his favor, writing on X (formerly Twitter), “The owner of Telegram, Pavel Durov, has just been arrested in France for failing to censor the truth on his application. “Potential charges include support for terrorism, drug trafficking, complicity in crimes, mass fraud, money laundering, concealment, pedophile content, sanctions evasion, and more.” Others soon re-posted his non-falsifiable dog whistle, earning it millions of impressions and hundreds of thousands of likes. Mischaracterizations of Durov’s…

Cryptocurrency exchange Bybit has launched the Bybit P2P Shield, a program designed to provide financial protection to users impacted by fraudulent activities on its platform. According to the company, this initiative aims to restore trust and confidence in P2P trading and enhance security in the industry. Dubbed Bybit P2P Shield, the new offering provides financial compensation to eligible users who experience fraud during transactions. The initial rollout is reportedly limited to specific regions, with plans to extend this coverage globally. Bybit’s initiative represents a significant step forward in enhancing user security, particularly in the wake of incidents that have shaken…

Revenue for publicly traded Bitcoin (BTC) and other cryptocurrency miners on Wall Street has fallen by 12%. This continues the negative reaction to April’s halving, which reduced block rewards, coupled with low network fees and rising production costs. According to the latest JPMorgan report, this is making it difficult for miners to maintain profitability. A few months ago, the fourth Bitcoin halving event took place, reducing the rewards received by miners from 6.25 BTC to 3.125 BTC. As a result, miners receive half as much revenue for their work, and the competition for mining new BTC has significantly intensified. “The…

Sui Network recorded 2.14 billion transactions in 2024, surpassing major networks like Tron, Polygon, and Ethereum. Sui Network is six times faster than Solana, processing 297,000 transactions per second. Sui Network emerge as a dominant power in the blockchain space by 2024, outpacing other major networks in terms of transaction volume. According to Artemis data, Sui Network processed an incredible 2.14 billion transactions this year. Sui Network Outperforms Major Blockchains in Transaction Volume This amount not only exceeds Tron’s 1.35 billion transactions, but also outperforms Polygon with 901 million, BNB Chain with 882 million, Base with 472 million, and Ethereum…

Recent data suggests Ethereum could benefit from diminishing interest in Bitcoin (BTC). At press time, ETH’s price had fallen by nearly 2%, similar to BTC’s movement. However, during this period, market interest in ETH has grown, while Bitcoin has seen a drop in trader activity. This raises the question: is a capital rotation from BTC to altcoins starting? Ethereum Gains Ground Against the Number One Coin On August 26, Bitcoin’s open interest (OI) stood at over $12 billion. As of now, it has dropped to $11.55 billion, indicating that positions worth $500 million have been closed in the past 24…

Mercado Pago, the digital bank unit of Latin America’s largest company, Mercado Libre (MELI), said on Wednesday that it is introducing a stablecoin in Brazil tied to the U.S. dollar. The company said Mercado Pago’s users in Brazil will be able to buy and sell the Meli Dollar stablecoin using account balances in Brazilian reais without incurring any fees. The product, said the firm, “aims to provide a practical and stable option for financial management.” In August 2022, Mercado Libre launched its cryptocurrency, Mercado Coin, to allow users to make purchases on the marketplace and receive cash back. Prior to…