By Sandra Grabowiec When Web3 first emerged in 2014, with the term coined by Ethereum co-founder Gavin Wood, it was heralded as the genuine next evolution of the internet. It promised a decentralized, user-centric ecosystem where individuals could take back control of their data, finances, and social interactions, while potentially being rewarded for doing so...Read More
A number of recent economic reports revealed cracks in the US economy’s resilience last week, with the lowest service-sector PMI reading in over two years. This week will see key GDP and PCE inflation data released which could rattle markets even further. “PCE inflation will be the final piece to the puzzle as both PPI...Read More
Tether’s CEO, Paolo Ardoino, has unveiled plans for the company’s upcoming artificial intelligence (AI) platform. The stablecoin issuer is targeting a launch by the end of March 2025. Tether’s AI Push The latest initiative – known as Tether Data – will introduce applications such as AI Translate, AI Voice Assistant, and an AI Bitcoin Wallet...Read More
Wall Street feared Monday that a flashy showing by a Chinese open-source AI startup meant the Internet won’t need faster chips. The decline in Nvidia shares was dramatic on Monday, starting off the morning with a bang. NVDA went into free fall right out of the gate. Within minutes of the stock exchanges’ opening, the...Read More
The cryptocurrency market has witnessed significant turmoil following the release of China’s DeepSeek R1, an artificial intelligence (AI) model developed for a fraction of the cost of its competitors. While revolutionary in scope, its launch seems to have rattled the confidence of investors in both AI and crypto markets, leading to a selloff. DeepSeek Upsets...Read More
With their explosive gains, meme coins have transformed the fortunes of many investors virtually overnight. However, their dominance in the market is under threat. According to Dragonfly Capital managing partner Haseeb Qureshi, meme coins will lose market share to “AI agent” coins. Qureshi described this shift as a migration from “financial nihilism to financial over-optimism.”...Read More
Despite the recent pullback in the crypto market, experts suggest Bitcoin will remain the leader in the coming year. The latest Franklin Templeton’s 2025 crypto outlook report, for one, predicted its continued dominance. Bitcoin is expected to solidify its position as a global financial asset, increasingly viewed as a digital store of value. Bitcoin Dominance...Read More
The mining difficulty of Bitcoin hit a new peak of 109.78 trillion, climbing 1.16% in Sunday’s latest adjustment. This represents a 24% increase over the past 90 days and a 52% rise during the last three months of the year. Meanwhile, Bitcoin’s hash rate also crossed the 800 EH/s threshold this month for the first...Read More
2024 saw massive gains for the crypto market, but meme coins dominated the narrative. Owing to its notable resurgence, several meme coins even emerged as some of the top-performing cryptocurrencies of the year, contributing to the rise of new crypto millionaires along the way. Speculative Meme Coins Take Over Crypto According to CoinGecko’s report, meme...Read More
The synergies between AI and crypto are very promising. In fact, the incoming Trump administration is combining the two sectors into one advisory office. President-elect is calling it the White House Crypto and AI Czar. Trump’s appointee for the office, former PayPal COO David Sacks, has close ties to payments and crypto. AI Could Transform...Read More
Crypto markets held on to gains over the weekend, and Bitcoin has remained in command, dominating the sector while the rest continue to sleep. Last week’s CPI data were in line with expectations, while producer-prices inflation was above estimates. However, markets retreated after Fed Chair Jerome Powell commented that policymakers are now on a more...Read More
Genius Group Limited has announced a new “Bitcoin-first” strategy, making the cryptocurrency its primary treasury reserve asset. The move follows a recent restructuring of Genius Group’s Board of Directors to include blockchain and Web3 experts. “Bitcoin-First” Strategy According to a November 12 press release, the AI-driven education and business acceleration firm plans to allocate at...Read More
In line with a broader trend among major tech firms, Chinese e-commerce behemoth Alibaba is downsizing its metaverse operations. The restructuring, which aims to improve efficiency, led to layoffs in Yuanjing, Alibaba’s metaverse unit, as the company recalibrates its focus in this sector. Downsizing Metaverse Unit According to the report by South China Morning Post,...Read More
The advancement of computing power over the past few decades has been extraordinary. As computers become more powerful, hackers gain access to more sophisticated tools to launch attacks against crypto platforms. The threat of quantum and AI-driven hacks will soon be a major challenge for crypto entrepreneurs and developers. Web3 hacks are one of the...Read More
On Oct. 22, Chainling announced the results of its industry-wide corporate actions initiative involving major financial players such as Euroclear, Swift, UBS, Franklin Templeton, and Sygnum Bank. Blockchain ecosystem partners included Avalanche, ZKsync, and Hyperledger Besu networks. The oracle provider successfully demonstrated how artificial intelligence, oracles, and blockchains “can solve a decades-long unstructured data challenge...Read More
The AI and semiconductor giant announced its second-quarter earnings on Aug. 28 with a net income increase to $16.6 billion. The tech giant reported revenue of $30 billion, up 122% year-over-year and 15% quarter-over-quarter. The bullish revenue report could boost the burgeoning artificial intelligence sector and have a knock-on effect on crypto assets, but that...Read More
The prominent crypto asset manager announced the launch of the Grayscale Decentralized AI Fund LLC on July 17th, which aims to offer investors exposure to protocols in the rapidly evolving artificial intelligence sector within the crypto ecosystem. The fund will rebalance quarterly and currently features a basket of decentralized artificial intelligence (AI) crypto protocols, such...Read More
Notable participants include Ethereal, Robot Ventures, Symbolic Capital, Delphi, Dao5, Nomad, and Primitive Ventures. Pantera Capital, Framework Ventures, and Peter Thiel’s Founders Fund co-led the round. One of the main contributors to Sentient is Sandeep Nailwal – the founder of Polygon, who said: “The rapid advancement of AI has the potential to transform every aspect...Read More
Charles Hoskinson, the co-founder of the blockchain platform Cardano, believes artificial intelligence (AI) models are losing their utility over time. In a Sunday tweet, Hoskinson said the reason is the alignment training that comes with AI censorship. AI Models Are Losing Utility AI censorship refers to the use of machine learning algorithms to automatically filter...Read More
Bitcoin miners have been one of the key players causing market declines as they engaged in intense selling after the latest halving event which slashed the mining rewards from 6.25 to 3.125 BTC earlier this year. However, the latest data suggest that the selling pressure from these entities has significantly decreased. Such a trend could...Read More
Nvidia’s stock has experienced a sharp decline over the past three consecutive trading days, resulting in a loss of over $430 billion in market capitalization and a 13% drop from its peak. Despite this downturn, popular AI crypto tokens have shown significant surges in the last 24 hours. AI Tokens Rally as NVDA Plunges Crypto...Read More
Bitwise, a U.S. spot Bitcoin ETF issuer, predicted that the combined forces of the cryptocurrency industry and artificial intelligence (AI) could inject $20 trillion into the global GDP by 2030. The forecast was made at an annual Consensus conference in Austin, where industry leaders gathered to discuss the future of blockchain, regulation, and the vast...Read More
A recent report from blockchain intelligence firm Elliptic titled “AI-enabled crime in the cryptoasset ecosystem” has shed light on the emerging threats posed by artificial intelligence (AI) in cryptocurrency crime. The report, supported by case studies, identifies five emerging types of AI-enabled crimes, ranging from deepfake scams to state-sponsored cyberattacks, emphasizing that these threats are...Read More
Core Scientific, a top player in North America’s digital infrastructure industry, has announced a strategic partnership involving a series of long-term contracts extending over 12 years with CoreWeave, an AI Hyperscaler. Under the agreement, Core Scientific will supply approximately 200 MW of infrastructure to support CoreWeave’s high-performance computing (HPC) operations. Core Scientific Ventures into AI...Read More
The controversial Worldcoin project has faced yet another setback. Hong Kong’s privacy regulator, the Office of the Privacy Commissioner for Personal Data (PCPD), ordered the Worldcoin Foundation to halt all its operations in the region, citing that its practices violate local privacy regulations. The PCPD released a statement this week revealing that Worldcoin had collected...Read More
Reddit and OpenAI, the creator of the artificial intelligence (AI) chatbot ChatGPT, announced a partnership to benefit both the Reddit and OpenAI user communities in various ways. According to data from Google Finance, Reddit’s stock experienced a 13% surge in after-hours trading immediately following the announcement. Reddit and OpenAI’s Partnership On May 16, Reddit announced...Read More
AI and big data crypto projects and tokens are suffering losses, reflecting a market lacking a clear direction. As a result, the broader altcoin sector is in turmoil as traders eagerly await signals from Bitcoin. A new analysis suggests that the dominance of the world’s largest cryptocurrency is increasing, which is holding back altcoin profits....Read More
Blockchain analytics company Elliptic said that its researchers have made progress in leveraging artificial intelligence (AI) to detect money laundering in Bitcoin. A recent paper detailing this research was co-authored with researchers from the MIT-IBM Watson AI Lab. Elliptic revealed a successful identification of illicit proceeds deposited at a cryptocurrency exchange, new patterns of money...Read More
Several sectors within the crypto market are seeing a resurgence. AI and Big Data, Liquid Staking, and DeFi projects managed to secure the most gains in the past week. According to their weekly returns, artificial intelligence (AI) and Big Data, which comprised 100 projects, topped the chart with a strong performance and a notable increase...Read More
Tokens linked to artificial intelligence (AI) projects are once again soaring, riding the bullish wave of the broader crypto market. The latest analysis by Santiment also highlighted a similar trend. The crypto analytic platform’s findings revealed an impressive growth in the market cap of AI and BigData projects. AI and Big Data Market Cap Soars...Read More
