Analysts eye Bitcoin miners’ AI, chip sales ahead of Q4 earnings
Miners are embracing adjacent business lines to offset pressure on core mining margins from the April 2024 halving.
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Bitcoin price hits $14,000 exactly 12 years after whitepaper released
The price of Bitcoin (BTC) surpassed $14,000 on Oct. 31, the day Satoshi Nakamoto released the Bitcoin whitepaper in 2008. Since then, the world's biggest cryptocurrency has seen remarkable and exponential growth across various areas.The daily price chart of Bitcoin. Source: TradingView.comFast forward 12 years, since the October 31, 2008 release of the whitepaper, Bitcoin…

Crypto Banking Firm FairX Shuts Down Due to Lack of Financing
FairX, a financial services company involved with banking and digital assets, has shut down its operations as it failed to establish a licensed national bank.According to a FairX Twitter thread on July 19, the company has fallen short of setting up a licensed national bank due to a lack of funding. FairX was trying to…

Crypto gambling site Stake sees $16M withdrawals in possible hack
Unusually large withdrawals were made from Stake to an account with no previous activity, including $3.9 million in Tether and $9.8 million in Ether. Crypto gambling site Stake has experienced $16 million in withdrawals on Sept. 4 in what security platform Cyvers Alerts is calling “suspicious transactions.” The withdrawing account has been labeled “Stake.com Hacker”

Crypto becomes second most widely-owned asset class for women: eToro survey
While crypto is dubbed as the worst-performing asset class in the last year, global investors owning crypto rose from 36% to 39% on a quarter-on-quarter basis. 102 Total views 11 Total shares Own this piece of history Collect this article as an NFTWhile traditional asset classes fail to foster broader adoption among women, crypto seems…

Bank for International Settlements Exec Shows New Fondness for CBDCs
General manager at the Bank for International Settlements (BIS) Agustin Carstens seems to have changed his negative stance towards central bank digital currencies (CBDCs), now stating that such currencies could open up new possibilities.In his speech entitled “The future of money and the payment system: what role for central banks?” published on Dec. 5, Carstens…

ETC Labs Unveils ETC-ETH Interoperability Solution Backed by Metronome
San Francisco-based incubator for the blockchain Ethereum Classic (ETC), ETC Labs, has announced that it has partnered with cryptocurrency firm Metronome to create a solution for Ethereum (ETH)/ETC interoperability, in an official blog post on June 27.Per the announcement, blockchain interoperability—also referred to as “chainhopping”—is a property of a blockchain asset meaning that it can…

Ready to deploy? Amazon’s Bitcoin acceptance can prime a payments future
Maybe Amazon really isn’t preparing to accept Bitcoin (BTC) as payment for its goods and services before year’s end, and perhaps Apple isn’t in fact adding $2.5 billion of Bitcoin to its balance sheet — although both events were reported recently, they are still unconfirmed. The question still remains: If and when the tech giants…

AI-generative art predicted to be next trend for NFT sector
Sales of nonfungible tokens, or NFTs, reached $25 billion in 2021, demonstrating that the sector is one of the most sought-after markets in crypto. Art NFTs, in particular, made a big impact last year with Christie’s reporting over $93 million in nonfungible token sales during its fourth annual Art+Tech Summit that took place this past August. While…