In Russia, Pavel Durov was charged with aiding terrorism; users of Coldcard wallets lost at least 4,585 BTC; the Federal Reserve left rates unchanged; and other events of the week. Bitcoin retraces to $63,000 With no new strikes between the U.S. and Iran, the first cryptocurrency started the week climbing to levels above $65,000. Hourly […]
A study by the Bank of Italy revealed that stablecoins do not offer sustainable advantages in cost and speed for money transfers. Any benefits are offset by fees for fiat conversion and the processes of local payment infrastructures. The authors compared transfers of 200 USDC across 10 bilateral corridors between Italy and Brazil, Argentina, Japan, […]
Skepticism towards artificial intelligence has increased in the US amid growing awareness of the technology, according to a survey by Gallup. A total of 39% of respondents believe AI does more harm than good to society, up from 31% the previous year and 40% in 2023. Meanwhile, 52% said the impact is roughly equal, and […]
In July, U.S. spot exchange-traded funds (ETF) based on the leading cryptocurrency attracted $172.4 million, breaking a two-month streak of outflows, according to SoSoValue. Source: SoSoValue. This positive outcome occurred despite a volatile end to the month. On Friday, July 31, ETFs saw a $265.4 million outflow, marking the largest daily withdrawal since the 13th. […]
Bitcoin’s hash rate has been declining for 287 consecutive days, marking one of the longest periods of reduced computational power in the network’s history. This is according to a report by the analytical platform Bitcoin Magazine Pro. Following the decline in hash rate, mining difficulty has also decreased, currently standing 19.9% below its peak. Since […]
On August 1, OpenAI published solutions to ten mathematical problems that had remained unsolved since at least 2016. The solutions were generated by an internal version of Astra, the next major model from the developer of ChatGPT. According to OpenAI, the cost of tokens used to find the answers would have been approximately $2000 based […]
Investment firms TD Cowen and Benchmark have reaffirmed their “buy” recommendation for Strategy’s shares and endorsed the company’s decision to hold more dollars in reserves. This was reported by The Block. Experts described the dollar cushion as essential for future Bitcoin purchases, rather than a departure from the previous strategy. During a recent investor call […]
This week, “Deconstruction” focuses on the pressure on Telegram, restrictions on open AI in the US, a system update for Lido, a law against scam centers in Myanmar, and debates around the BIP-110 patch in the Bitcoin network. Pressure on Telegram Governments are simultaneously targeting Telegram through criminal cases. Unlike the 2018 blockades, the scale […]
Analysts at TD Cowen have reduced the price target for SharpLink Gaming shares from $16 to $13 due to weak ETH performance in the second quarter and regulatory delays. This was reported by The Block citing the bank’s report. Experts also revised their year-end forecast for Ethereum to $2370, down from a previous estimate of […]
Over the past 24 hours, Bitcoin has lost 1%, dropping to $64,000. Meanwhile, South Korean stocks showed a sharp rebound following a sell-off. 15-minute BTC/USDT chart on Binance. Source: TradingView. At the time of writing, Bitcoin is trading at $63,800. The rest of the market is also experiencing a lull with a slight correction. Over […]
