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Balaji Srinivasan argues that in the era of AI, money will become cryptocurrency, providing digital scarcity to complement AI’s digital abundance. “AI is digital abundance but it doesn’t make everything abundant. Crypto is digital scarcity and complements AI’s abundance. So money after AI is crypto,” he detailed. ‘Money Itself Becomes Cryptocurrency’ Balaji Srinivasan, a prominent … Read more
Fidelity Investments’ Director of Global Macro sees bitcoin as “exponential gold” and “an aspiring player on the store of value team.” According to his analysis, bitcoin’s price is “driven primarily by the growth in its network, which is in turn driven by bitcoin’s unique scarcity feature, as well as the monetary and fiscal policy cycle, … Read more
Over the past week, bitcoin has declined by 4% against the U.S. dollar from June 9 to June 16, 2024, yet it has surged over 152% in the past year. This year, bitcoin has maintained a position above the $60,000 mark for a record-setting 107 days so far. Bitcoin’s Resilient Streak: Maintaining Highs Amid Market … Read more
Crypto market participants’ growing preference for character or celebrity meme tokens signals a growing disdain for projects with a high fully diluted value, the latest Kucoin report has said. Tap-to-earn projects have “remarkably higher overall participation data” due to their lower barriers to understanding and participation. Tokens with High FDV Face Limited Price Discovery Opportunities … Read more
The Nigerian securities regulator warned residents against investing in a meme coin linked to singer and celebrity Davido. The regulator described the meme coin as a highly risky investment, saying investors who invest in it do so at their own risk. The Commission will continue to monitor the ecosystem and will exercise its authority if … Read more
Google Trends data reveals a consistent increase in search interest for “CBDC,” which stands for central bank digital currency, over the past five years. The term has maintained a score above 20 since August 2022, on a scale of 1 to 100, where 100 signifies peak interest. CBDCs See Consistent Search Growth, Top Regions Include … Read more
Following the BCH Bliss conference, a focal event for Bitcoin Cash enthusiasts held May 14-15 in Ljubljana, Slovenia, Jonathan Silverblood introduced a Bitcoin Cash Podcast on X, featuring a collection of tracks from the event. This gathering also celebrated the “Jessica” upgrade, which launched the network’s innovative adaptive block size limit. BCH Bliss 2024: A … Read more
A Coinbase report reveals that cryptocurrency and blockchain initiatives among Fortune 100 companies rose by 39% year-over-year, reaching a record high in Q1 2024. In addition, 56% of Fortune 500 companies are working on onchain projects. The report emphasizes the need for clear crypto regulations to retain talent and enhance U.S. leadership in crypto technology. … Read more
The latest Bank for International Settlements (BIS) survey reveals that 94% of central banks are exploring central bank digital currencies (CBDCs). There has been a notable increase in wholesale CBDC experiments, especially in advanced economies. Central banks are examining various factors for retail CBDCs, including holding limits and offline functionality. 94% of Surveyed Central Banks … Read more
In a significant milestone for Bitcoin-based non-fungible tokens (NFTs), the combined market capitalization of popular collections such as Ordinals and Runes has surged past $1 billion, according to Coingecko. This growth is underscored by increasing trading volumes and user adoption, signaling a robust expansion within the Web3 sphere. Report Reveals Emerging Dynamics in Bitcoin Ordinals … Read more
