Bitcoin (BTC)

Bitcoin went through a volatile end of the week in which it posted a new 13-month high before it slipped under $30,000 but has managed to defend that level. The altcoins are calmer on a daily scale, aside from SOL, AVAX, LEO, ARB, and a few others, which have added some value. BTC Defends $30K The past weekend was quite uneventful, even though BTC went through a rollercoaster that drove it from $31,000 to $29,500 and back up to $30,500 in a matter of hours on Friday. Saturday...

The hype surrounding Artificial Intelligence (AI) is taking multiple industries by storm, and the digital assets industry appears to be readily embracing the tech. Lightning Labs has become the latest platform to tap the space. The team behind the Bitcoin Lightning Network announced the release of a new set of developer tools to enable the Lightning and AI developer communities to interact with Bitcoin seamlessly. Lightning Labs Taps AI According to the official blog post,...

As the crypto landscape continues to change, recent days have seen Bitcoin ($BTC), along with several other cryptos, experience a notable downturn. This downturn has caused ripples of concern throughout the market, with many traders now pondering whether the bullish momentum is over for now. However, despite the slump, several new tokens are emerging, offering a silver lining. Red Week for Crypto As Bitcoin Price Stumbles It’s been a difficult week for crypto traders thus...

Bitcoin maximalists have proved to be highly staunch supporters of the crypto asset. For more than a decade, they have stayed as a united front, but the advent of Ordinals shook up the long-standing narrative. 2023 will be known for many things, one of them being – the Bitcoin community’s split into two warring factions. The first cohort are Ordinals skeptics and supporters of “staying true” to Bitcoin – using the asset purely to process transactions. The second cohort is...

Arthur Hayes, the co-founder and former CEO of cryptocurrency exchange BitMEX, believes bitcoin (BTC) will be chosen by artificial intelligence (AI) as the currency for their economic activities in the future. In a lengthy Substack essay posted on July 7, the American entrepreneur laid out reasons for his belief, presenting arguments and conclusions to prove that the traditional financial system is unsustainable for AI-powered economies. The AI Currency Choice Hayes’...

Winklevoss-owned crypto exchange Gemini has filed a lawsuit against Digital Currency Group (DCG) – the owner of the institutional crypto lending company Genesis – for committing “fraud” against the exchange’s customers. The lawsuit asserts that DCG and its CEO, Barry Silbert induced depositors to lend “huge amounts of cryptocurrency and U.S. Dollars” to Genesis through “false, misleading, and incomplete representations” of the company’s financial position and “robust...

CoinspeakerBitMex Co-founder Arthur Hayes Says Bitcoin Could Rally Hard as AI Currency According to former banker and BitMex co-founder Arthur Hayes, Bitcoin has a very high chance of becoming the ultimate currency of artificial intelligence. BitMex Co-founder Arthur Hayes Says Bitcoin Could Rally Hard as AI Currency

Michael Saylor – the former CEO of software giant MicroStrategy – is predicting big things for bitcoin. Michael Saylor Is Still a BTC Fan Not long ago, Saylor issued a separate interview that clearly showed him to be a full bitcoin maximalist. He insinuated that he would never live it down, nor would he ever lose hope that the world’s number one digital currency by market capitalization would amount to something. In this more recent interview, he took his ideas...

Spot Bitcoin exchange-traded funds (ETFs) are arguably the hottest topic in the cryptocurrency community for the past few weeks, a trend that was only solidified during the last several days. Recall that the SEC deemed all recent filings as “inadequate” last Friday, which put a major shade on all applications on whether they will be added to the growing list of rejections made by the securities regulator. However, all companies reacted swiftly and refiled with more “adequate”...

Jerome Powell – the head of the Fed – has announced that due to ongoing stress endured by the American banking system, he and his cronies will likely ease their hiking of interest rates. Strangely, the news has not done great things for bitcoin or crypto. In fact, prices took a small and temporary dive following the announcement. Jerome Powell Hints at Potential Curb to Rate Hikes This is arguably the attitude Powell should have had a long time ago. When banks are...