Cryptocurrency is flourishing and is also becoming a means to make passive money. Even though it was originally created as a medium of exchange for money and other assets, crypto as a currency is finding its place in the world. It is also one of the biggest communities full of enthusiasts who are real investors…
Satoshi AI Infrastructure is leading the way in leveraging AI and DeFi, repurposing crypto mining equipment, and creating a distributed AI network backed by industry statistics The growing integration of artificial intelligence (AI) into various sectors of the economy has led to an increased demand for computing resources to power complex machine learning algorithms. According…
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Chairman of the Federal Reserve, Jerome Powell, spoke highly of an Ethereum fork to help facilitate the benchmark for global interest rates. Key Takeaways Jerome Powell believes the Ethereum-based LIBOR alternative is a reliable solution for banks. LIBOR is being phased out, making room for a new index to become the world standard to measure…
The founder of the infamous crypto exchange BitConnect, Satish Kumbhani, has been charged for allegedly misleading investors globally and defrauding them of $2.4 billion in the process. According to the Department of Justice (DOJ), a San Diego-based federal grand jury specifically charged Kumbhani for orchestrating the alleged Ponzi scheme via BitConnect’s “Lending Program”: “BitConnect operated…
OpenSea, one of the most popular nonfungible token (NFT) marketplace, has rolled out an upgrade to its smart contract, a proactive measure to weed out inactive listings on the platform. As a part of the planned upgrade, all OpenSea users will need to migrate their NFT listings — currently hosted over the Ethereum (ETH) blockchain…
Survey reveals payment adoption challenges A recent survey from crypto mining platform GoMining has uncovered some interesting patterns about how Bitcoin holders actually use their cryptocurrency. The survey, which gathered responses from over 5,700 Bitcoin owners, shows that more than half—55% to be exact—rarely or never use crypto for everyday transactions. That’s a pretty significant…
NFTs have been hot this week, with sales skyrocketing by a whopping 138.15% compared to the prior week. Between February 19th and 24th, an eye-popping $801 million worth of NFTs was exchanged, confirming the meteoric growth of these revolutionary non-fungible tokens. Even more impressive is that this increase was achieved even though many experts have…
The recent earthquake that struck Turkey and Syria has brought tears to the eyes of many. The 7.8 magnitude earthquake that hit the region on Monday, has caused immense destruction and loss of life. The tragedy has been felt around the world, and the crypto community has responded with an outpouring of support. In the…
Led by tokens like USDT, USDC, and the Dai, Ethereum’s stablecoin sector just had its best quarter yet in Q1 2020 as the market cap of stablecoins reached $8 billion USD for the first time ever.In this sense, the specter of dollar-pegged stablecoins has never been higher within the cryptoeconomy. Yet at the same time,…
