Chatgpt Pretty Intelligent, Did Not Recommend Bitcoin, Peter Schiff Tweets

Chatgpt Pretty Intelligent, Did Not Recommend Bitcoin, Peter Schiff TweetsEconomist Peter Schiff praised the artificial intelligence of the Chatgpt assistant for omitting bitcoin in a suggested “recession-proof” portfolio. The long-time gold proponent commented on a report claiming the chatbot has recommended “massive allocations” in precious metals. Schiff Cites Study Alleging Chatgpt Favors Gold and Cash as Investments in Recession Rigorous crypto opponent Peter Schiff […]

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Bitcoin Hashrate Reaches 400 Exahash per Second, Researcher Says Network Could Reach Zettahash Era by 2025

Bitcoin Hashrate Reaches 400 Exahash per Second, Researcher Says Network Could Reach Zettahash Era by 2025Despite Bitcoin’s difficulty reaching an all-time high at 46.84 trillion, participants in bitcoin mining have kept the hashrate running stronger than ever before. According to statistics, on March 23, 2023, the hashrate reached a high of 400 exahash per second (EH/s). The 400 exahash equates to 0.4 zettahash or four hundred quintillion hashes per second. […]

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Study Finds El Salvador Remains One of the Countries Most Interested in Bitcoin

el salvador bitcoinA recent study that examined the interest of several countries in bitcoin and crypto ranked El Salvador as second for having the most interest in the issue. While the U.S. was still ranked first, El Salvador’s high rank comes amidst criticism President Nayib Bukele has drawn from Salvadorans for his push for bitcoin adoption. El […]

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Study: 55% of Americans Believe They Will Lose It All if a Recession Hits the United States

Study: 55% of Americans Believe They Will Lose It All if a Recession Hits the United StatesAccording to a recent study by Clever, a real estate data company, nearly three out of four Americans worry there will be a recession this year, and 69% of the research participants say the U.S. is already in a recession. What’s worse, 55% of the study’s respondents said they would lose everything if a recession […]

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US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal Battles

US Crypto Lawsuits Reach All-Time High With 42% Increase in 2022; SEC Cases Dominate Legal BattlesA new study on digital currency-related lawsuits since 2018 shows a 42% increase in crypto lawsuits in 2022. The highest number of claims in a single year was recorded last year, with 41 total claims in the United States. The research also shows that the majority of lawsuits came from the U.S. Securities and Exchange […]

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Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts Say

Banks in Russia to Lose $700 Million a Year Due to Digital Ruble, Experts SayRussian banks may be the main losers from the introduction of a digital ruble while retailers will save on acquiring fees, analysts have predicted. The benefits for consumers using the new digital currency are not that obvious as they may not be paid any interest or cashback. Launch of Russia’s Digital Ruble Said to Result […]

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London Crowned World’s Leading Cryptocurrency Hub, According to Study

According to research from Recap, a cryptocurrency tax software company, London has become the world’s leading hub for cryptocurrencies. The researchers analyzed eight indicators, including the number of cryptocurrency businesses and the quantity of cryptocurrency ATMs in each country. Key Findings of Recap’s Study on Global Cryptocurrency Hubs Crypto tax firm Recap released a research […]

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Switzerland Less Affected by Crypto Industry Crisis, Study Finds

Switzerland Less Affected by Crypto Industry Crisis, Study FindsWhile the global industry built around digital assets is losing funds and jobs are dropping off, Switzerland seems to be weathering the storm relatively well, one piece of research claims. In fact, more crypto companies settled in the country during the past turbulent year than those that left it, or the business altogether. Crypto Valley […]

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Ransomware Revenue Drops as Victims Pay Less Often, Chainalysis Reports

Ransomware Revenue Drops as Victims Pay Less Often, Chainalysis ReportsWhile the number of ransomware hits may not have decreased significantly, the revenue from such attacks has fallen sharply last year, according to Chainalysis. The blockchain forensics firm believes that to a large extent the trend can be attributed to more of the targeted organizations refusing to pay the perpetrators. Chainalysis Registers Significant Decline in […]

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Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China

Study Reveals South Korea's ‘Kimchi Premium’ Strongly Linked to International Remittances to ChinaA newly-released study published in December 2022 reveals that South Korea’s “kimchi premium,” the divergence in cryptocurrency valuations on Korean exchanges compared to Western trading platforms, is strongly associated with a surge in international remittances to China. Examination of Overseas Remittances to China Uncovers Strong Correlation with South Korea’s ‘Kimchi Premium’ According to a study […]

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