Tag Archives: AA News

ChatGPT has created waves across the world since its launch in November 2022. The famous AI app developed by the organization called OpenAI made news for scarily accurate answers, proving its viability in the digital asset space. It has also elicited some sharp opinions. The top AI figures in the world, such as Elon Musk, Steve Wozniak, and Andrew Yang, for one, have reportedly signed an open letter seeking to halt the development of AI systems. These systems in question are...

The NFT sector appears to be clawing back as the sentiment around the broader crypto market recovers. The emergence of new players and changing dynamics have resulted in a rapid evolution of the non-fungible token space. Despite a frantic start, NFTs had a strong Q1 2023. NFT Market Recap: Q1 2023 According to a report by DappRadar, the NFT market has had an impressive start to the year. In fact, Q1 2023 turned out to be the best quarter since Q2 2022. While NFT trading...

Bitcoin’s long entrenchment under $24,000 provided ample opportunity for smaller holders to increase their position sizes, on-chain data shows.  Nearly 1 million Bitcoin addresses now hold over 1 BTC, much of which was accumulated between 2021 and 2023.  The Rise of BTC Shrimps According to on-chain data provided by LookIntoBitcoin, there are 991,670 Bitcoin addresses holding over 1 BTC as of March 29 – a number that has risen consistently since Bitcoin’s inception as more...

Cryptocurrencies performed significantly better than other asset classes in the first quarter. As selling exhausted since the collapse of FTX, digital assets managed to rake in gains not seen in two years. According to IntotheBlock’s latest newsletter shared with CryptoPotato, Bitcoin and Ethereum – the two largest cryptocurrencies – have realized their largest quarterly price gains since Q1 2021. On-chain Review Bitcoin’s market cap increased by 20% in March alone, adding to...

On March 31, Bittrex, one of the largest and oldest US exchanges, announced the closure of its operations due to the country’s current “regulatory and economic environment.” According to the official statement, users’ funds will remain secure and available for withdrawal at any time during the wind-down of US operations. This announcement will not affect customers outside the country using Bittrex Global. US Regulations Created An Uneven Competitive Landscape Bittrex...

Singapore’s lower division of the Supreme Court approved Zipmex’s pre-packaged plan to restructure some of its operations and thus enable customers to receive portions of their deposits. The Thai-based crypto exchange suspended clients’ withdrawals in July last year, citing volatile market conditions. It could not cope with the issues and filed for bankruptcy protection shortly after. Zipmex announced in a recent blog post that the Singapore High Court allowed the creation of...

Brad Garlinghouse, the chief executive officer of Ripple Labs, has called on lawmakers in the United States to look into assertive statements made by Gary Gensler, the chairman of the Securities and Exchange Commission (SEC), about the American crypto industry. Garlinghouse’s comments come as Gensler told a House Appropriations Committee in a recent hearing that there is no need for additional legislation for crypto assets, as already existing securities laws are sufficient...

Bitcoin is on the brink of re-emerging above $30,000 for the first time since June 2022. As excitement abounds, how are indicators looking for the asset both on and off chain?Crypto market intelligence platform Santiment recently analyzed some observable impacts and triggers of Bitcoin’s latest price moves, noting rising social volume and dominance compared to other cryptos.  Bitcoin’s Dominance Returns Per a blog post from Santiment on Thursday, Bitcoin’s Social Volume and...

Bitcoin is making its way out of Binance after the Commodities and Futures Trading Commission (CFTC) sued the exchange earlier this week, on-chain data shows.  Though bearish for the world’s largest crypto exchange, the wave of outflows doesn’t appear to have triggered any significant migration from the decentralized finance (DeFi) ecosystem.  Binance Outflows Surge According to data provided by IntoTheBlock, Binance has experienced a 60% surge in BTC withdrawals over the...

Nassim Nicholas Taleb – a Lebanese-American economist known as the author of the book “The Black Swan” – started a quarrel on Twitter with the Canadian professor of psychology – Jordan Peterson – over bitcoin’s possible capability to ease monetary issues. The former is a keen critic of the primary cryptocurrency, while the latter thinks it could provide benefits in times when the economy marches towards digitization. Taleb’s Warning on Peterson’s Advice As reported by Daily...